have sealed the truck and signaled employees of the Bulgarian Food Safety Agency through the Interdepartmental Coordination Center for Counteracting Smuggling and Controlling the Movement of Risk Goods.
Apparently, groups are now having their fiscal agents
make their requests for them.
Effective July 20, 2006, the PSR policy requires Reserve Banks (1) to release interest and redemption payments on securities issued by government-sponsored enterprises (GSEs) and certain international organizations (institutions for which the Reserve Banks act as fiscal agents
but whose securities are not obligations of, or fully guaranteed as to principal and interest by, the United States) only if the issuer's Federal Reserve account contains sufficient funds to cover them and (2) to align the treatment of the general corporate account activity of GSEs and certain international organizations with the treatment of the activity of other account holders that do not have regular access to the discount window and those account holders not eligible for intraday credit.
Box 1 Federal Reserve Banks as Fiscal Agents
of the United States Section 15 of the Federal Reserve Act provides that the cash balances of the federal government "may, upon the direction of the Secretary of the Treasury, be deposited in Federal reserve banks, which banks, when required by the Secretary .
A bond attorney who does work for Stephens and the competing fiscal agents
The Federal Reserve Act assigns to the Federal Reserve Banks the task of serving as fiscal agents
and depositories of the United States when required to do so by the Secretary of the U.
By law, Reserve Banks act as fiscal agents
for the following GSEs and international organizations: Fannie Mae; the Federal Home Loan Mortgage Corporation; entities of the Federal Home Loan Bank System; the Farm Credit System; the Federal Agricultural Mortgage Corporation; the Student Loan Marketing Association; the Financing Corporation; the Resolution Funding Corporation; the World Bank; the Inter-American Development Bank; the Asian Development Bank; and the African Development Bank.
As fiscal agents
of the United States, the Reserve Banks use these services to collect and disburse payments on behalf of government agencies.
The Federal Reserve Banks, as fiscal agents
, play an integral role in carrying out Treasury's financing decisions.