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An Act Authorizing the Insular Treasurer to Deposit Public Funds of the Philippine Islands with the Secretary of the Treasury of the United States.

An Act Authorizing the Insular Treasurer to Deposit Public Funds of the Philippine Islands with the Secretary of the Treasury of the United States.

Act Β· Approved October 5, 1934 Β· 2 sections

Data as of July 4, 2026 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β†—

Section 1

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SECTION 1. The Insular Treasurer with the approval of the Governor-General upon previous recommendation of the Secretary of Finance is authorized in his discretion to deposit with the Secretary of the Treasury of the United States upon such terms and conditions, including the rate of interest, if any, to be received thereon, as such Secretary may from time to time prescribe, any of the public moneys of the Government of the Philippine Islands.

Section 2

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SEC. 2. This Act shall take effect upon its approval. Approved, October 5, 1934.

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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