Pub. L. 83-560, tit. I, sec. 102

Sec. 102. Section 2 (f) of said Act, as amended, is hereby amended by adding the following at the end thereof: “The account heretofore established in connection with insurance operations under this section 68 Stat. 591 and identified in the accounting records of the Federal Housing Administration as the Title I Claims Account shall be terminated as of August 1, 1954, at which time all of the remaining assets of such account, together with deposits therein for the account of obligors, shall be transferred to and merged with the account established pursuant to this subsection. Moneys in the account established pursuant to this subsection not needed for the current operations of the Federal Housing Administration may be invested in bonds or other obligations of, or in bonds or other obligations guaranteed as to principal and interest by, the United States.”