Amendments to Other Laws.—

Sec. 5.27. Amendments to Other Laws.— (a) The Executive Schedule of basic pay (80 Stat. 458, 5 U.S.C. 5311–5317), as amended, is further amended by striking from positions at level IV the “Governor of the Farm Credit Administration.” (5 U.S.C. 5315 (51)) and inserting in positions at level III the additional position “(58) Governor of the Farm Credit Administration.” (5 U.S.C. 5314). (b) The third paragraph of section 15 of the Federal Reserve Act (12 U.S.C. 393) is amended to read as follows: “The Federal Reserve banks are authorized to act as depositaries for and fiscal agents of any Federal land bank, Federal intermediate credit bank, bank for cooperatives, or other institutions of the Farm Credit System.”