Collapse to view only § 290o-1. Governor and alternate Governor
- § 290o. Acceptance of membership
- § 290o-1. Governor and alternate Governor
- § 290o-2. Applicability of certain provisions of Bretton Woods Agreements Act
- § 290o-3. Federal Reserve Banks as depositories
- § 290o-4. Subscription of stock
- § 290o-5. Jurisdiction and venue of civil actions by or against Bank
- § 290o-6. Effectiveness of Agreement
- § 290o-7. Exemption from securities laws for certain securities issued by Bank; reports required
The President is hereby authorized to accept membership for the United States in the Bank for Economic Cooperation and Development in the Middle East and North Africa (in this subchapter referred to as the “Bank”) provided for by the agreement establishing the Bank (in this subchapter referred to as the “Agreement”), signed on May 31, 1996.
Section 286b of this title shall apply to the Bank in the same manner in which such section applies to the International Bank for Reconstruction and Development and the International Monetary Fund.
Any Federal Reserve Bank which is requested to do so by the Bank may act as its depository, or as its fiscal agent, and the Board of Governors of the Federal Reserve System shall exercise general supervision over the carrying out of these functions.
The Agreement shall have full force and effect in the United States, its territories and possessions, and the Commonwealth of Puerto Rico, upon acceptance of membership by the United States in the Bank and the entry into force of the Agreement.