Legislación
US (United States) Code. Title 12. Chapter 7: Farm Credit Administration
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12 USC CHAPTER 7 - FARM CREDIT ADMINISTRATION 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
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CHAPTER 7 - FARM CREDIT ADMINISTRATION
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CODIFICATION
The bulk of this chapter was repealed by Pub. L. 92-181, Sec.
5.26(a), Dec. 10, 1971, 85 Stat. 625, which completely rewrote the
farm credit laws and represented a fundamental reworking of the
statutory basis for the farm credit system. The farm credit system
is covered in chapter 23 (Sec. 2001 et seq.) of this title. See
notes set out under section 2001 of this title.
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CHAPTER REFERRED TO IN OTHER SECTIONS
This chapter is referred to in title 18 section 709.
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12 USC FARM CREDIT ADMINISTRATION; GENERAL ADMINISTRATIVE
PROVISIONS 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
FARM CREDIT ADMINISTRATION; GENERAL ADMINISTRATIVE PROVISIONS
.
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FARM CREDIT ADMINISTRATION; GENERAL ADMINISTRATIVE PROVISIONS
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12 USC Sec. 636 to 636h 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
FARM CREDIT ADMINISTRATION; GENERAL ADMINISTRATIVE PROVISIONS
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Sec. 636 to 636h. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
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Section 636, acts May 12, 1933, ch. 25, title II, Sec. 40, 48
Stat. 51; Sept. 6, 1966, Pub. L. 89-554, Sec. 8(a), 80 Stat. 648,
provided for organization of Farm Credit Administration. See
section 2247 of this title.
Section 636a, act Aug. 6, 1953, ch. 335, Sec. 2, 67 Stat. 390,
stated Congressional declaration of policy concerning agricultural
credit. See section 2001 of this title.
Section 636a note, act Aug. 6, 1953, ch. 335, Sec. 1, 67 Stat.
390, provided that such act Aug. 6, 1953, should be known as ''Farm
Credit Act of 1953''.
Section 636b, act Aug. 6, 1953, ch. 335, Sec. 3, 67 Stat. 390,
covered the creation of Farm Credit Administration as an
independent agency in executive branch. See section 2241 et seq.
of this title.
Section 636c, acts Aug. 6, 1953, ch. 335, Sec. 4, 67 Stat. 390;
Aug. 11, 1955, ch. 785, title IV, Sec. 402, 69 Stat. 666; Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387; Aug. 2,
1966, Pub. L. 89-525, Sec. 6, 80 Stat. 335, provided for creation
of Federal Farm Credit Board. See section 2242 et seq. of this
title.
Section 636d, act Aug. 6, 1953, ch. 335, Sec. 5, 67 Stat. 392;
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(j), 73 Stat. 387;
Oct. 4, 1961, Pub. L. 87-367, title III, Sec. 302(a), 75 Stat. 793,
provided for position of Governor of Farm Credit Administration.
See section 2244 et seq. of this title.
Section 636e, act Aug. 6, 1953, ch. 335, Sec. 6, 67 Stat. 393,
covered duties of Federal Farm Credit Board. See section 2227 of
this title.
Section 636f, acts Aug. 6, 1953, ch. 335, Sec. 7, 67 Stat. 393;
Aug. 11, 1955, ch. 785, title I, Sec. 110(c), 69 Stat. 662; Oct. 4,
1961, Pub. L. 87-353, Sec. 3(n), 75 Stat. 774, provided for
abolishment of certain offices and funds under program as it
existed prior to 1953.
Section 636g, acts Aug. 6, 1953, ch. 335, Sec. 8, 67 Stat. 394;
July 26, 1956, ch. 741, title I, Sec. 107(a), 70 Stat. 666; Aug.
18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387,
authorized delegation of powers to institutions in farm credit
districts. See section 2253 of this title.
Section 636h, act Aug. 6, 1953, ch. 335, Sec. 17(b), 67 Stat.
399, covered administrative expenditures of Farm Credit
Administration. See section 2249 of this title.
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12 USC Sec. 637, 638 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
FARM CREDIT ADMINISTRATION; GENERAL ADMINISTRATIVE PROVISIONS
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Sec. 637, 638. Repealed. Aug. 6, 1953, ch. 335, Sec. 19, 67 Stat.
400
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Section 637, acts May 12, 1933, ch. 25, title II, Sec. 39, 48
Stat. 50; June 16, 1933, ch. 98, title VIII, Sec. 80(a), 48 Stat.
273, related to certain functions, powers, authority, and duties of
Land Bank Commissioner.
Section 638, act June 16, 1933, ch. 98, title VIII, Sec. 80, 48
Stat. 273, changed name of office of Farm Loan Commissioner to Land
Bank Commissioner, contained provisions relating to his term of
office, and contained provisions relating to appointment (within
the Farm Credit Administration), compensation, expenses and duties
of a Production Credit Commissioner, a Cooperative Bank
Commissioner, and an Intermediate Credit Commissioner.
EFFECTIVE DATE OF REPEAL
Repeal effective 120 days after Aug. 6, 1953, see section 18 of
act Aug. 6, 1953.
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12 USC Sec. 639, 640 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
FARM CREDIT ADMINISTRATION; GENERAL ADMINISTRATIVE PROVISIONS
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Sec. 639, 640. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
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Section 639, act June 16, 1933, ch. 98, title VIII, Sec. 82, 48
Stat. 273, made a supplementary grant of powers to Governor of Farm
Credit Administration.
Section 640, act June 16, 1933, ch. 98, title VIII, Sec. 85, 48
Stat. 273, authorized Farm Credit Administration to have a seal.
See section 2248 of this title.
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12 USC Sec. 640-1 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
FARM CREDIT ADMINISTRATION; GENERAL ADMINISTRATIVE PROVISIONS
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Sec. 640-1. Omitted
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CODIFICATION
Section, act July 1, 1944, ch. 364, 58 Stat. 675, related to
prepayment of balance of purchase price with respect to contracts
or agreements for sale of real estate having been in force for five
years.
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12 USC DISTRICT ORGANIZATIONS UNDER SUPERVISION OF FARM
CREDIT ADMINISTRATION; FARM CREDIT
DISTRICTS AND FARM CREDIT BOARDS 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
DISTRICT ORGANIZATIONS UNDER SUPERVISION OF FARM CREDIT
ADMINISTRATION; FARM CREDIT DISTRICTS AND FARM CREDIT BOARDS
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DISTRICT ORGANIZATIONS UNDER SUPERVISION OF FARM CREDIT
ADMINISTRATION; FARM CREDIT DISTRICTS AND FARM CREDIT BOARDS
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12 USC Sec. 640a to 640l 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
DISTRICT ORGANIZATIONS UNDER SUPERVISION OF FARM CREDIT
ADMINISTRATION; FARM CREDIT DISTRICTS AND FARM CREDIT BOARDS
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Sec. 640a to 640l. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
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Section 640a, acts Aug. 19, 1937, ch. 704, Sec. 5(a), 50 Stat.
704; Oct. 29, 1949, ch. 786, Sec. 5, 63 Stat. 986, created farm
credit districts. See section 2221 of this title.
Section 640b, acts Aug. 19, 1937, ch. 704, Sec. 5(b), 50 Stat.
704; Aug. 6, 1953, ch. 335, Sec. 14, 67 Stat. 396; Aug. 11, 1955,
ch. 785, title IV, Sec. 401(a), 69 Stat. 666; Aug. 18, 1959, Pub.
L. 86-168, title I, Sec. 104(h), 73 Stat. 387, provided for
creation of district farm credit boards. See section 2222 of this
title.
Section 640c, act Aug. 19, 1937, ch. 704, Sec. 5(c), 50 Stat.
704, provided for initial board of directors of each district.
Section 640d, acts Aug. 19, 1937, ch. 704, Sec. 5(d), 50 Stat.
704; Aug. 6, 1953, ch. 335, Sec. 15, 67 Stat. 397; Aug. 11, 1955,
ch. 785, title IV, Sec. 401(b), 69 Stat. 666; July 26, 1956, ch.
741, title I, Sec. 106(a)(1), 70 Stat. 666; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, provided for
replacement of district directors. See section 2221 et seq. of
this title.
Section 640e, acts Aug. 19, 1937, ch. 704, Sec. 5(e), 50 Stat.
705; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat.
387; Aug. 2, 1966, Pub. L. 89-525, Sec. 5, 80 Stat. 334, provided
for nomination of elected directors. See section 2223 of this
title.
Section 640f, acts Aug. 19, 1937, ch. 704, Sec. 5(f), 50 Stat.
705; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat.
387; Aug. 2, 1966, Pub. L. 89-525, Sec. 5, 80 Stat. 334, provided
for election of elected directors. See section 2223 of this title.
Section 640g, act Aug. 19, 1937, ch. 704, Sec. 5(g), 50 Stat.
705, provided for term of office and filling of vacancies. See
section 2221 et seq. of this title.
Section 640h, acts Aug. 19, 1937, ch. 704, Sec. 5(h), 50 Stat.
705; July 26, 1956, ch. 741, title I, Sec. 106(a)(2), 70 Stat. 666,
set out general qualifications of members of each farm credit
board. See section 2222 of this title.
Section 640i, act Aug. 19, 1937, ch. 704, Sec. 5(i), 50 Stat.
706, made felons and defrauders ineligible for membership. See
section 2222 of this title.
Section 640j, act Aug. 19, 1937, ch. 704, Sec. 5(j), 50 Stat.
706, provided for compensation of members of farm credit boards.
See section 2226 of this title.
Section 640k, act Aug. 19, 1937, ch. 704, Sec. 5(k), 50 Stat.
706, declared sections 640a to 640j of this title as not affecting
laws making agricultural credit laws applicable to territories and
possessions.
Section 640l, acts Aug. 19, 1937, ch. 704, Sec. 6, 50 Stat. 706;
July 26, 1956, ch. 741, title I, Sec. 106(b), 70 Stat. 666; Aug.
18, 1959, Pub. L. 86-168, title II, Sec. 201, 73 Stat. 387; Sept.
6, 1966, Pub. L. 89-554, Sec. 8(a), 80 Stat. 649, set out status of
farm credit banks and employees. See section 2221 et seq. of this
title.
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12 USC SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK
LAND BANKS, AND FEDERAL LAND BANK
ASSOCIATIONS 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
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SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
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12 USC Sec. 641, 642 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
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Sec. 641, 642. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
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Section 641, acts July 17, 1916, ch. 245, title I, Sec. 1, 39
Stat. 360; Mar. 4, 1923, ch. 252, title I, Sec. 1, 2, 42 Stat.
1454; Ex. Ord. No. 6084, Mar. 27, 1933, directed that act July 17,
1916, be administered by the Farm Credit Administration.
Section 642, act July 17, 1916, ch. 245, title I, Sec. 2, 39
Stat. 360; Ex. Ord. No. 6084, Mar. 27, 1933, defined terms ''first
mortgage'' and ''farm-loan bonds''.
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12 USC Administrative Provisions Relative to This
Subchapter 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Administrative Provisions Relative to This Subchapter
.
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Administrative Provisions Relative to This Subchapter
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12 USC Sec. 651 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Administrative Provisions Relative to This Subchapter
-HEAD-
Sec. 651. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
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Section, act July 17, 1916, ch. 245, title I, Sec. 3, 39 Stat.
360; Ex. Ord. No. 6084, Mar. 27, 1933, provided for creation of
Federal Farm Loan Bureau.
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12 USC Sec. 652 to 655 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Administrative Provisions Relative to This Subchapter
-HEAD-
Sec. 652 to 655. Repealed. Aug. 6, 1953, ch. 335, Sec. 19, 67 Stat.
400
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Sections, act July 17, 1916, ch. 245, title I, Sec. 3 (part), 39
Stat. 360, related to appointment, compensation, and oath of Land
Bank Commissioner, restriction on his right to engage in certain
business and filling vacancies.
Section 652 was amended by act Mar. 4, 1923, ch. 252, title III,
Sec. 301, 42 Stat. 1473; Ex. Ord. No. 6084, Mar. 27, 1933; and act
June 16, 1933, ch. 98, title VIII, Sec. 80(a), 48 Stat. 273.
Sections 653, 654, and 655 were each amended by Ex. Ord. No.
6084, Mar. 27, 1933; and act June 16, 1933, ch. 98, title VIII,
Sec. 80(a), 48 Stat. 273.
EFFECTIVE DATE OF REPEAL
Repeal effective 120 days after Aug. 6, 1953, see section 17 of
act Aug. 6, 1953.
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12 USC Sec. 656, 656a 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Administrative Provisions Relative to This Subchapter
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Sec. 656, 656a. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
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Section 656, acts July 17, 1916, ch. 245, title I, Sec. 3, 39
Stat. 361; Apr. 20, 1920, ch. 154, Sec. 1, 41 Stat. 570; Ex. Ord.
No. 6084 Mar. 27, 1933; Aug. 19, 1937, ch. 704, Sec. 5(a), 20, 50
Stat. 704, 710; Aug. 18, 1959, Pub. L. 86-168, title I, Sec.
101(a), 73 Stat. 384, provided for appointment of registrars,
appraisers, and examiners.
Section 656a, act Aug. 19, 1937, ch. 704, Sec. 20, 50 Stat. 710,
provided for designation of farm credit examiners.
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12 USC Sec. 657 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Administrative Provisions Relative to This Subchapter
-HEAD-
Sec. 657. Repealed. Sept. 21, 1944, ch. 412, Sec. 601(d), 58 Stat.
741, eff. July 1, 1944
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Section, act July 17, 1916, ch. 245, title I, Sec. 3, 39 Stat.
361, as amended by acts Mar. 4, 1923, ch. 252, title III, Sec. 302,
42 Stat. 1473; Mar. 4, 1925, ch. 524, Sec. 3, 43 Stat. 1262; June
26, 1930, ch. 613, 46 Stat. 815, related to payment of salaries and
expenses of certain employees of Federal Farm Loan Bureau.
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12 USC Sec. 658, 659 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Administrative Provisions Relative to This Subchapter
-HEAD-
Sec. 658, 659. Repealed. Pub. L. 86-168, title I, Sec. 101(b), (c),
Aug. 18, 1959, 73 Stat. 384, eff. Dec. 31, 1959
-MISC1-
Section 658, acts July 17, 1916, ch. 245, title I, Sec. 3, 39
Stat. 361; Mar. 4, 1923, ch. 252, title III, Sec. 302, 42 Stat.
1473; Mar. 4, 1925, ch. 524, Sec. 3, 43 Stat. 1262, related to
compensation and manner of payment of Federal landbank appraisers
and appraisers or inspectors of Federal intermediate credit banks.
Section 659, acts July 17, 1916, ch. 245, title I, Sec. 3, 39
Stat. 361; Mar. 4, 1925, ch. 524, Sec. 4, 43 Stat. 1263, related to
employment of attorneys, experts, and other employees.
EFFECTIVE DATE OF REPEAL
Repeal effective Dec. 31, 1959, see section 104(k) of Pub. L.
86-168.
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12 USC Sec. 660 to 665 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Administrative Provisions Relative to This Subchapter
-HEAD-
Sec. 660 to 665. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
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Section 660, act July 17, 1916, ch. 245, title I, Sec. 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
submission of statements covering salaries paid by land banks.
Section 661, act July 17, 1916, ch. 245, title I, Sec. 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933, required filing of an
annual report to Congress by Farm Credit Administration. See
section 2221 et seq. of this title.
Section 662, acts July 17, 1916, ch. 245, title I, Sec. 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 101(d), 73 Stat. 384, provided for
examinations and reports. See section 2254 of this title.
Section 663, acts July 17, 1916, ch. 245, title I, Sec. 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 11, 1955, ch.
785, title III, Sec. 301(a), 69 Stat. 664; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, provided for statements
of condition of land bank associations and land banks. See section
2254 of this title.
Section 664, act July 17, 1916, ch. 245, title I, Sec. 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933, authorized preparation
of bulletins and circulars by Farm Credit Administration. See
section 2252 of this title.
Section 665, acts Jan. 23, 1932, ch. 9, Sec. 6, 47 Stat. 14; Ex.
Ord. No. 6084, Mar. 27, 1933; Aug. 11, 1955, ch. 785, title I, Sec.
110(d), 69 Stat. 662, authorized Farm Credit Administration to make
rules and regulations. See section 2252 of this title.
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12 USC Organization of Federal Land Banks 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Organization of Federal Land Banks
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Organization of Federal Land Banks
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12 USC Sec. 671 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Organization of Federal Land Banks
-HEAD-
Sec. 671. Repealed. Aug. 19, 1937, ch. 704, Sec. 7(a), 50 Stat. 707
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 4, 39 Stat.
362, related to designation of Federal land bank districts by Farm
Credit Administration.
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12 USC Sec. 672 to 677a 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Organization of Federal Land Banks
-HEAD-
Sec. 672 to 677a. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 672, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 362; Feb. 27, 1921, ch. 78, 41 Stat. 1148; Mar. 4, 1923, ch.
252, title III, Sec. 303, 42 Stat. 1474; Mar. 4, 1929, ch. 700, 45
Stat. 1558; May 17, 1932, ch. 190, 47 Stat. 158; Ex. Ord. No. 6084,
Mar. 27, 1933; Aug. 19, 1937, ch. 704, Sec. 5(a), 50 Stat. 704;
June 30, 1945, ch. 204, Sec. 3, 59 Stat. 267; Oct. 29, 1949, ch.
786, Sec. 1(a), 63 Stat. 985; Aug. 18, 1959, Pub. L. 86-168, title
I, Sec. 104(h), 73 Stat. 387, provided for establishment of Federal
land banks. See section 2011 of this title.
Section 672a, acts Mar. 10, 1924, ch. 46, Sec. 2, 43 Stat. 17;
Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, Sec.
5(a), 50 Stat. 704, provided for extension of farm credit system
under Farm Credit Administration to Hawaii.
Section 673, act July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 362; Ex. Ord. No. 6084, Mar. 27, 1933, provided for temporary
management of Federal land banks.
Section 674, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 362; June 16, 1933, ch. 98, title VIII, Sec. 80(a), 48 Stat.
273; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat.
387, set out requisite contents of organization certificates for
land banks.
Section 675, act July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Ex. Ord. No. 6084, Mar. 27, 1933, authorized changes in
organization certificates on direction of Farm Credit
Administration.
Section 676, act July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Ex. Ord. No. 6084, Mar. 27, 1933, set time for
commencement of corporate existence of land banks and enumerated
their powers. See section 2012 of this title.
Section 677, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, set time for termination of temporary management of land
banks.
Section 677a, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, Sec. 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, Sec. 70a(a)(1)-(4), title
VIII, Sec. 80(a), 48 Stat. 269, 273; Aug. 19, 1937, ch. 704, Sec.
7(b), 50 Stat. 707, provided for compensation of director of farm
credit boards of each farm credit district. See section 2226 of
this title.
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12 USC Sec. 678 to 682 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Organization of Federal Land Banks
-HEAD-
Sec. 678 to 682. Omitted
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CODIFICATION
Sections were stricken by act Aug. 19, 1937, ch. 704, Sec. 7(b),
50 Stat. 707, and former section 677a of this title was substituted
in lieu thereof.
Section 678, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, Sec. 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, Sec. 70a(a)(1), 48 Stat.
269, related to number and qualifications of directors.
Section 678a, act June 16, 1933, ch. 98, title VII, Sec. 70a(b),
48 Stat. 270, related to successors of directors.
Section 679, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, Sec. 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, Sec. 70a(a)(2), 48 Stat.
270, related to nomination of candidates for local directors.
Section 680, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, Sec. 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, Sec. 70a(a)(3), 48 Stat.
270, related to election of local directors.
Section 681, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, Sec. 304, 42 Stat.
1474; June 16, 1933, ch. 98, title VII, Sec. 70a(a)(4), 48 Stat.
270, related to appointment and election of district directors and
director at large, and filling of vacancies.
Section 682, acts July 17, 1916, ch. 245, title I, Sec. 4, 39
Stat. 363; Mar. 4, 1923, ch. 252, title III, Sec. 304, 42 Stat.
1474, related to qualifications of directors and limitation on
engagement in other business.
-CITE-
12 USC Sec. 682a 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Organization of Federal Land Banks
-HEAD-
Sec. 682a. Repealed. Aug. 19, 1937, ch. 704, Sec. 7(c), 50 Stat.
707
-MISC1-
Section, act June 3, 1935, ch. 164, Sec. 23, 49 Stat. 320,
related to disqualification of persons convicted of felony or fraud
for positions with Federal land banks. See section 640i of this
title.
-CITE-
12 USC Sec. 683 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Organization of Federal Land Banks
-HEAD-
Sec. 683. Omitted
-MISC1-
Section, acts July 17, 1916, ch. 245, title I, Sec. 4, 39 Stat.
363; Mar. 4, 1923, ch. 252, title III, Sec. 304, 42 Stat. 1474;
June 16, 1933, ch. 98, title VII, Sec. 70, title VIII, Sec. 80a, 48
Stat. 269, 273, related to compensation and allowances of
directors, officers, and employees, and was stricken by act Aug.
19, 1937, ch. 704, Sec. 7(b), 50 Stat. 707. Section 70 of act June
16, 1933, ch. 98, was repealed by Pub. L. 89-554, Sec. 8(a), Sept.
6, 1966, 80 Stat. 648. See section 2226 of this title.
-CITE-
12 USC Capital Stock of Federal Land Banks 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Capital Stock of Federal Land Banks
.
-HEAD-
Capital Stock of Federal Land Banks
-CITE-
12 USC Sec. 691 to 697 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Capital Stock of Federal Land Banks
-HEAD-
Sec. 691 to 697. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 691, act July 17, 1916, ch. 245, title I, Sec. 5, 39
Stat. 364; Ex. Ord. No. 6084, Mar. 27, 1933, provided for minimum
amount of original capital for Federal land banks. See section
2013 of this title.
Section 692, act July 17, 1916, ch. 245, title I, Sec. 5, 39
Stat. 364, provided for distribution and value of stock for Federal
land banks. See section 2013 of this title.
Section 693, acts July 17, 1916, ch. 245, title I, Sec. 5, 39
Stat. 364; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, covered transfer of stock held by land bank
associations. See section 2013 of this title.
Section 694, acts July 17, 1916, ch. 245, title I, Sec. 5, 39
Stat. 364; Ex. Ord. No. 6084, Mar. 27, 1933; June 16, 1933, ch. 98,
title VIII, Sec. 80(a), 48 Stat. 273; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, covered dividends for
land bank stock. See section 2013 of this title.
Section 695, acts July 17, 1916, ch. 245, title I, Sec. 5, 39
Stat. 364; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch.
704, Sec. 5(a), 50 Stat. 704, covered subscription by United States
for unsubscribed balance of original capital stock of Federal land
banks. See section 2001 et seq. of this title.
Section 696, acts July 17, 1916, ch. 245, title I, Sec. 5, 39
Stat. 364; Jan. 23, 1932, ch. 9, Sec. 1, 47 Stat. 12; Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387, covered
retirement of original stock of Federal land banks. See section
2051 of this title.
Section 697, acts July 17, 1916, ch. 245, title I, Sec. 5, 39
Stat. 364; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub L.
86-168, title I, Sec. 104(h), 73 Stat. 387, set out required
proportion of capital of Federal land banks that had to be held in
form of quick assets. See section 2051 of this title.
-CITE-
12 USC Sec. 698 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Capital Stock of Federal Land Banks
-HEAD-
Sec. 698. Repealed. Aug. 11, 1955, ch. 785, title III, Sec. 302, 69
Stat. 664
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 5 (par.), as
added Jan. 23, 1932, ch. 9, Sec. 2, 47 Stat. 12, related to
subscriptions by United States to capital stock of Federal land
banks.
-CITE-
12 USC Land Banks as Government Depositaries and Agents 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Land Banks as Government Depositaries and Agents
.
-HEAD-
Land Banks as Government Depositaries and Agents
-CITE-
12 USC Sec. 701 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Land Banks as Government Depositaries and Agents
-HEAD-
Sec. 701. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 6, 39 Stat.
365, covered land banks as government depositaries and agents. See
section 2012 of this title.
-CITE-
12 USC Federal Land Bank Associations Generally 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Federal Land Bank Associations Generally
.
-HEAD-
Federal Land Bank Associations Generally
-CITE-
12 USC Sec. 711 to 724 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Federal Land Bank Associations Generally
-HEAD-
Sec. 711 to 724. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 711, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, provided for organization of land bank associations.
See section 2031 of this title.
Section 712, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Aug. 19, 1937, ch. 704, Sec. 21, 59 Stat. 266; Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 104(h), (i), 73 Stat. 387,
provided for directors, officers, and loan committee of land bank
associations. See section 2031 et seq. of this title.
Section 713, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(i), 73 Stat. 387, provided for
compensation and qualifications of directors. See section 2032 of
this title.
Section 714, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Mar. 4, 1923, ch. 252, title III, Sec. 305, 42 Stat.
1476; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 11, 1955, ch. 785,
title III, Sec. 301(b), 69 Stat. 664; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), (i), 73 Stat. 387, set out duties of
manager of each land bank association. See section 2031 of this
title.
Section 715, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h),
(i), 73 Stat. 387, provided for expenses of personnel of land bank
associations. See section 2033 of this title.
Section 716, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; June 3, 1935, ch. 164, Sec. 19(a), (b), 49 Stat. 319;
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), (i), 73 Stat.
387, provided for incorporators, organization, directors, and
managers of land bank associations. See section 2031 et seq. of
this title.
Section 717, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(i), 73
Stat. 387, covered report and affidavit accompanying articles of
association. See section 2031 of this title.
Section 718, act July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
investigation of solvency of applicants for incorporation. See
section 2254 of this title.
Section 719, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch.
704, Sec. 8, 50 Stat. 707; Aug. 18, 1959, Pub. L. 86-168, title I,
Sec. 104(h), 73 Stat. 387, covered grant or refusal of charters to
land bank associations. See section 2031 et seq. of this title.
Section 720, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, authorized receipt of funds to be loaned to members.
See section 2033 of this title.
Section 721, acts July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, covered subscriptions
to land bank stock as collateral and retirement of stock. See
section 2034 of this title.
Section 722, act July 17, 1916, ch. 245, title I, Sec. 7, 39
Stat. 365, placed a limitation on reduction of capital stock of
land banks. See section 2034 of this title.
Section 723, acts July 17, 1916, ch. 245, title I, Sec. 7 (pt.),
as added Mar. 4, 1933, ch. 270, Sec. 1, 47 Stat. 1547; amended May
12, 1933, ch. 25, title II, Sec. 26, 48 Stat. 44; June 16, 1933,
ch. 98, title VIII, Sec. 80(a), 48 Stat. 273; Jan. 31, 1934, ch. 7,
Sec. 6, 48 Stat. 346; Aug. 19, 1937, ch. 704, Sec. 5(a), 22, 50
Stat. 704, 710; Oct. 29, 1949, ch. 786, Sec. 1(b), 63 Stat. 986;
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), (i), 73 Stat.
387; Oct. 4, 1961, Pub. L. 87-353, Sec. 3(a), (e), 75 Stat. 773,
774, authorized direct loans. See section 2020 of this title.
Section 724, acts Aug. 19, 1937, ch. 704, Sec. 25(b), 50 Stat.
711; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat.
387, provided for loans when an association's stock is impaired.
See section 2020 of this title.
-CITE-
12 USC Capital Stock of Federal Land Bank Associations 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Capital Stock of Federal Land Bank Associations
.
-HEAD-
Capital Stock of Federal Land Bank Associations
-CITE-
12 USC Sec. 731 to 734 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Capital Stock of Federal Land Bank Associations
-HEAD-
Sec. 731 to 734. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 731, acts July 17, 1916, ch. 245, title I, Sec. 8, 39
Stat. 367; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, set a $5 par value for shares of land bank association
stock. See section 2031 of this title.
Section 732, acts July 17, 1916, ch. 245, title I, Sec. 8, 39
Stat. 367; Aug. 9, 1937, ch. 704, Sec. 23, 50 Stat. 710, set out
voting privileges for land bank association stock. See section
2034 of this title.
Section 733, acts July 17, 1916, ch. 245, title I, Sec. 8, 39
Stat. 367; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, limited borrowers to members. See section 2034 of this
title.
Section 734, acts July 17, 1916, ch. 245, title I, Sec. 8, 39
Stat. 367; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 11, 1955, ch.
785, title III, Sec. 301(c), 69 Stat. 664; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, provided for increases
in stock. See section 2034 of this title.
-CITE-
12 USC Federal Land Bank Associations; Special Provisions 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Federal Land Bank Associations; Special Provisions
.
-HEAD-
Federal Land Bank Associations; Special Provisions
-CITE-
12 USC Sec. 741 to 747 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Federal Land Bank Associations; Special Provisions
-HEAD-
Sec. 741 to 747. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 741, acts July 17, 1916, ch. 245, title I, Sec. 9, 39
Stat. 368; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, covered members' rights
to loans. See section 2201 of this title.
Section 742, acts July 17, 1916, ch. 245, title I, Sec. 9, 39
Stat. 368; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 102(a), 73
Stat. 384, covered payments for stock from proceeds of member's
mortgage loan. See section 2033 of this title.
Section 743, acts July 17, 1916, ch. 245, title I, Sec. 9, 39
Stat. 368; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, authorized retention of
commissions on interest payments. See section 2033 of this title.
Section 744, acts July 17, 1916, ch. 245, title I, Sec. 9, 39
Stat. 368; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, provided for individual liability of shareholders.
Section 744a, acts June 16, 1933, ch. 98, title VII, Sec. 72, 48
Stat. 271; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, relieved shareholders of land bank associations of
personal liability for contracts, debts, and engagements entered
into after June 16, 1933.
Section 745, acts July 17, 1916, ch. 245, title I, Sec. 9, 39
Stat. 368; June 3, 1935, ch. 164, 20, 49 Stat. 319; Aug. 19, 1937,
ch. 704, Sec. 24, 50 Stat. 710; June 30, 1945, ch. 204, Sec. 1(b),
59 Stat. 266; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h),
(i), 73 Stat. 387, provided for new members for land bank
associations. See section 2033 of this title.
Section 746, act July 17, 1916, ch. 245, title I, Sec. 9 (par.)
as added Aug. 19, 1937, ch. 704, Sec. 25(a), 50 Stat. 710; amended
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387,
provided for a common board of directors for two or more
associations. See section 2032 of this title.
Section 747 act July 17, 1916, ch. 245, title I, Sec. 9 (par.),
as added Aug. 19, 1937, ch. 704, Sec. 25(a), 50 Stat. 711; amended
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387,
provided for transfer of powers to a loan committee. See section
2033 of this title.
-CITE-
12 USC Appraisal for Farm Loans 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Appraisal for Farm Loans
.
-HEAD-
Appraisal for Farm Loans
-CITE-
12 USC Sec. 751 to 757 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Appraisal for Farm Loans
-HEAD-
Sec. 751 to 757. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 751, acts July 17, 1916, ch. 245, title I, Sec. 10(a), 39
Stat. 369; Apr. 20, 1920, ch. 154, Sec. 2, 41 Stat. 570; June 30,
1945, ch. 204, Sec. 2, 59 Stat. 266; Aug. 18, 1959, Pub. L. 86-168,
title I, Sec. 102(b), 73 Stat. 384, covered investigation of
applications for mortgage loans by the loan committee. See section
2033 of this title.
Section 752, acts July 17, 1916, ch. 245, title I, Sec. 10(b), 39
Stat. 369; Apr. 20, 1920, ch. 154, Sec. 2, 41 Stat. 570; June 30,
1945, ch. 204, Sec. 2, 59 Stat. 266; Aug. 18, 1959, Pub. L. 86-168,
title I, Sec. 102(b), 73 Stat. 385, covered submission of loan
applications and required reports to land banks. See section 2033
of this title.
Section 753, acts July 17, 1916, ch. 245, title I, Sec. 10(c), 39
Stat. 369; June 30, 1945, ch. 204, Sec. 2, 59 Stat. 266; Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 102(b), 73 Stat. 385, provided
for form for appraisal reports.
Section 754, acts July 17, 1916, ch. 245, title I, Sec. 10(d), 39
Stat. 369; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 102(b), 73
Stat. 385, dealt with conflicting interests of farm credit or land
bank appraisers, committeemen, and association directors. See
section 2254 of this title.
Section 755, acts July 17, 1916, ch. 245, title I, Sec. 10(e), 39
Stat. 369; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 102(b), 73 Stat. 385, provided for appraisal
standards studies by Federal land banks. See section 2033 of this
title.
Section 756, acts July 17, 1916, ch. 245, title I, Sec. 10(f), 39
Stat. 369; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 102(b), 73
Stat. 385, covered appraisals, reports, and standards by farm
credit appraisers. See section 2012 of this title.
Section 757, act July 17, 1916, ch. 245, title I, Sec. 10(g), as
added Aug. 11, 1955, ch. 785, title III, Sec. 303, 69 Stat. 664;
amended Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 102(b), 73
Stat. 385, set out duties of farm credit appraisers. See section
2254 of this title.
-CITE-
12 USC Powers of Federal Land Bank Associations 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Powers of Federal Land Bank Associations
.
-HEAD-
Powers of Federal Land Bank Associations
-CITE-
12 USC Sec. 761 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Powers of Federal Land Bank Associations
-HEAD-
Sec. 761. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
-MISC1-
Section, acts July 17, 1916, ch. 245, title I, Sec. 11, 39 Stat.
369; Apr. 20, 1920, ch. 154, Sec. 3, 41 Stat. 570; Ex. Ord. No.
6084 Mar. 27, 1933; Aug. 19, 1937, ch. 704, Sec. 25(c), 50 Stat.
713; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat.
387, enumerated powers of Federal land bank associations. See
section 2033 of this title.
-CITE-
12 USC Restriction on Loans of Federal Land Banks Based
on First Mortgages 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Restriction on Loans of Federal Land Banks Based on First Mortgages
.
-HEAD-
Restriction on Loans of Federal Land Banks Based on First Mortgages
-CITE-
12 USC Sec. 771, 772 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Restriction on Loans of Federal Land Banks Based on First Mortgages
-HEAD-
Sec. 771, 772. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 771, acts July 17, 1916, ch. 245, Sec. 12, 39 Stat. 370;
Apr. 20, 1920, ch. 154, Sec. 4, 41 Stat. 570; Mar. 4, 1923, ch.
252, title III, Sec. 306, 307, 42 Stat. 1476; Mar. 4, 1933, ch.
270, Sec. 2, 47 Stat. 1547; Ex. Ord. No. 6084, Mar. 27, 1933; May
12, 1933, ch. 25, title II, Sec. 24, 25, 41, 48 Stat. 43, 44, 51;
June 16, 1933, ch. 98, title VII, Sec. 73, 74, title VIII, Sec.
80(a), 48 Stat. 271, 273; June 3, 1935, ch. 164, Sec. 3, 18, 22, 49
Stat. 314, 319; June 24, 1936, ch. 762, 49 Stat. 1912; July 22,
1937, ch. 516, Sec. 1, 50 Stat. 521; Aug. 19, 1937, ch. 704; Sec.
5(a), 12, 50 Stat. 704, 708; June 16, 1938, ch. 462, Sec. 1, 52
Stat. 709; June 29, 1940, ch. 441, Sec. 1, 54 Stat. 684; June 27,
1942, ch. 449, Sec. 1, 56 Stat. 391; June 30, 1945, ch. 204, Sec.
4, 59 Stat. 267; Oct. 29, 1949, ch. 786, Sec. 2, 63 Stat. 986; Aug.
11, 1955, ch. 785, title III, Sec. 304, 69 Stat. 664; Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 104(a), (h), 73 Stat. 386, 387;
Oct. 3, 1961, Pub. L. 87-343, Sec. 1(a), 75 Stat. 758; Aug. 2,
1966, Pub. L. 89-525, Sec. 2, 80 Stat. 334; Dec. 15, 1967, Pub. L.
90-204, Sec. 2, 81 Stat. 612, set out restrictions on loans. See
section 2011 et seq. of this title.
Section 772, acts July 17, 1916, ch. 245, title I, Sec. 12, 39
Stat. 370; Jan. 31, 1934, ch. 7, Sec. 7, 48 Stat. 346; Oct. 4,
1961, Pub. L. 87-353, Sec. 3(f), 75 Stat. 774, authorized
transmittal of loan funds to land bank associations either in form
of current funds or farm loan bonds.
-CITE-
12 USC Sec. 773 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Restriction on Loans of Federal Land Banks Based on First Mortgages
-HEAD-
Sec. 773. Omitted
-COD-
CODIFICATION
Section, act May 15, 1922, ch. 190, Sec. 3, 42 Stat. 542, which
related to mortgages on farm lands under United States reclamation
projects, and contained a definition of ''first mortgage'' as used
in section 771 of this title, was omitted because of the repeal of
section 771 and other sections of this title that were based on the
Federal Farm Loan Act.
-CITE-
12 USC Sec. 773a 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Restriction on Loans of Federal Land Banks Based on First Mortgages
-HEAD-
Sec. 773a. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, acts June 4, 1936, ch. 496, 49 Stat. 1461; Oct. 4, 1961,
Pub. L. 87-353, Sec. 3(k), 75 Stat. 774, provided for loans on
lands in drainage, irrigation, or conservancy districts.
-CITE-
12 USC Powers of Federal Land Banks Generally 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Powers of Federal Land Banks Generally
.
-HEAD-
Powers of Federal Land Banks Generally
-CITE-
12 USC Sec. 781 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Powers of Federal Land Banks Generally
-HEAD-
Sec. 781. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
-MISC1-
Section, acts July 17, 1916, ch. 245, Sec. 13, 39 Stat. 372; Jan.
23, 1932, ch. 9, Sec. 5, 47 Stat. 14; Mar. 4, 1933, ch. 270, Sec.
3, 4, 47 Stat. 1548; Ex. Ord. No. 6084, Mar. 27, 1933; May 12,
1933, ch. 25, title II, Sec. 22, 23, 48 Stat. 42, 43; June 16,
1933, ch. 98, title VII, Sec. 79, title VIII, Sec. 80(a), 48 Stat.
272, 273; Jan. 31, 1934, ch. 7, Sec. 8(a), 48 Stat. 347; Aug. 19,
1937, ch. 704, Sec. 5(a), 15(a), (b), 16, 17, 19, 50 Stat. 704,
708, 709; June 30, 1945, ch. 204, Sec. 5-7, 59 Stat. 267; Oct. 29,
1949, ch. 786, Sec. 3, 63 Stat. 986; June 1, 1955, ch. 117, 69
Stat. 81; Aug. 11, 1955, ch. 785, title III, Sec. 305, 69 Stat.
665; July 26, 1956, ch. 741, title I, Sec. 104(e), 70 Stat. 664;
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387;
Oct. 4, 1961, Pub. L. 87-353, Sec. 3(g), (h), 75 Stat. 774; Aug. 2,
1966, Pub. L. 89-525, Sec. 2, 80 Stat. 334, enumerated powers of
Federal land banks generally. See section 2012 of this title.
-CITE-
12 USC Restrictions on Federal Land Banks 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Restrictions on Federal Land Banks
.
-HEAD-
Restrictions on Federal Land Banks
-CITE-
12 USC Sec. 791 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Restrictions on Federal Land Banks
-HEAD-
Sec. 791. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
-MISC1-
Section, acts July 17, 1916, ch. 245, title I, Sec. 14, 39 Stat.
372; Mar. 4, 1933, ch. 270, Sec. 5(a), (b), 47 Stat. 1549; June 16,
1933, ch. 98, title VII, Sec. 71, 75(a), 48 Stat. 271; Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387, set out
an enumeration of restriction on Federal land banks. See section
2012 et seq. of this title.
-CITE-
12 USC Loans by Federal Land Banks Through Agents 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Loans by Federal Land Banks Through Agents
.
-HEAD-
Loans by Federal Land Banks Through Agents
-CITE-
12 USC Sec. 801 to 808 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Loans by Federal Land Banks Through Agents
-HEAD-
Sec. 801 to 808. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 801, acts July 17, 1916, ch. 245, title I, Sec. 15, 39
Stat. 373; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, authorized loans by
Federal land banks through agents. See section 2020 of this title.
Section 802, acts July 17, 1916, ch. 245, title I, Sec. 15, 39
Stat. 373; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, covered manner of making loan through agents. See
section 2020 of this title.
Section 803, act July 17, 1916, ch. 245, title I, Sec. 15, 39
Stat. 373, placed limits on who could be employed as agent. See
section 2020 of this title.
Section 804, act July 17, 1916, ch. 245, title I, Sec. 15, 39
Stat. 373, covered expenses of and commissions to agents. See
section 2020 of this title.
Section 805, act July 17, 1916, ch. 245, title I, Sec. 15, 39
Stat. 373, provided for addition of expenses of agents to loans.
See section 2020 of this title.
Section 806, act July 17, 1916, ch. 245, title I, Sec. 15, 39
Stat. 373, covered collection of loan payments. See section 2020
of this title.
Section 807, act July 17, 1916, ch. 245, title I, Sec. 15, 39
Stat. 373, covered indorsement of loans and liability thereon. See
section 2020 of this title.
Section 808, acts July 17, 1916, ch. 245, title I, Sec. 15, 39
Stat. 373; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, provided when loans
were to cease. See section 2020 of this title.
-CITE-
12 USC Joint-Stock Land Banks 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Joint-Stock Land Banks
.
-HEAD-
Joint-Stock Land Banks
-CITE-
12 USC Sec. 810 to 824 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Joint-Stock Land Banks
-HEAD-
Sec. 810 to 824. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 810, act May 12, 1933, ch. 25, title II, Sec. 29, 48
Stat. 46, prohibited making of loans or issuing of bonds after May
12, 1933, by joint-stock land banks.
Section 811, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374, provided for organization of joint-stock banks.
Section 812, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374, provided for individual liability of shareholders in
joint-stock land banks.
Section 813, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374, covered powers, duties, and liabilities of joint-stock
land banks.
Section 814, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374, placed a limit on amount of issue of bonds and
prohibited transacting of unauthorized business.
Section 815, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374; Ex. Ord. No. 6084, Mar. 27, 1933, provided for minimum
allowable capital stock for joint-stock land banks.
Section 816, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374, prohibited issuance of bonds before capital stock of
joint-stock land banks was entirely paid up.
Section 817, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374; Ex. Ord. No. 6084, Mar. 27, 1933, set out required form
for bonds issued by joint-stock land banks.
Section 818, acts July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374; Mar. 4, 1931, ch. 518, Sec. 1, 46 Stat. 1548, set out
interest rates and restrictions on mortgage loans for joint-stock
land banks.
Section 819, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374, set a limitation on interest rates.
Section 820, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374, prohibited unauthorized commissions or charges by
joint-stock land banks.
Section 821, act July 17, 1916, ch. 245, title I, Sec. 16, 39
Stat. 374; Ex. Ord. No. 6084, Mar. 27, 1933, authorized issuance of
bonds by joint-stock land banks.
Section 822, act July 17, 1916, ch. 245, title I, Sec. 16 (par.),
as added May 29, 1920, ch. 215, 41 Stat. 691, and amended Ex. Ord.
No. 6084, Mar. 27, 1933, provided for voluntary liquidation of
joint-stock land banks.
Section 823, act July 17, 1916, ch. 245, title I, Sec. 16
(pars.), as added May 29, 1920, ch. 215, 41 Stat. 691; amended Mar.
4, 1925, ch. 524, Sec. 5, 43 Stat. 1263; Ex. Ord. No. 6084, Mar.
27, 1933; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, provided for acquisition of assets of a liquidating
joint-stock land bank.
Section 824, act July 17, 1916, ch. 245, title I, Sec. 16 (par.),
as added Mar. 4, 1931, ch. 518, Sec. 2, 46 Stat. 1548; amended Ex.
Ord. No. 6084, Mar. 27, 1933, covered insolvency and receivership
of joint-stock land banks.
-CITE-
12 USC Powers of Farm Credit Administration 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Powers of Farm Credit Administration
.
-HEAD-
Powers of Farm Credit Administration
-CITE-
12 USC Sec. 831 to 833 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Powers of Farm Credit Administration
-HEAD-
Sec. 831 to 833. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 831, acts July 17, 1916, ch. 245, title I, Sec. 17, 39
Stat. 375; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch.
704, Sec. 9, 50 Stat. 707; Aug. 18, 1959, Pub. L. 86-168, title I,
Sec. 104(h), 73 Stat. 387, contained an enumeration of the powers
of Farm Credit Administration. See section 2252 of this title.
Section 832, acts Sept. 21, 1944, ch. 412, title VI, Sec. 601(a)
to (c), 58 Stat. 740; Aug. 11, 1955, ch. 785, title III, Sec. 307,
69 Stat. 665; July 26, 1956, ch. 741, title I, Sec. 108, 70 Stat.
667; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat.
387, provided for allocation of administrative expenses rendered
each year by Farm Credit Administration. See section 2250 of this
title.
Section 833, act Sept. 21, 1944, ch. 412, title VI, Sec. 602, 58
Stat. 741, authorized purchase of manuscripts, data, and special
reports by Farm Credit Administration.
-CITE-
12 USC Applications for Farm-Loan Bonds 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Applications for Farm-Loan Bonds
.
-HEAD-
Applications for Farm-Loan Bonds
-CITE-
12 USC Sec. 841 to 844 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Applications for Farm-Loan Bonds
-HEAD-
Sec. 841 to 844. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 841, act July 17, 1916, ch. 245, title I, Sec. 18, 39
Stat. 375; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
application for farm loan bonds. See section 2154 of this title.
Section 842, act July 17, 1916, ch. 245, title I, Sec. 18, 39
Stat. 375; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
investigation and appraisal of securities tendered. See section
2154 of this title.
Section 843, act July 17, 1916, ch. 245, title I, Sec. 18, 39
Stat. 375; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
transmission of decisions to land bank and registrar.
Section 844, act July 17, 1916, ch. 245, title I, Sec. 18, 39
Stat. 375; Ex. Ord. No. 6084, Mar. 27, 1933, required Farm Credit
Administration to execute a writing when approving a farm-loan bond
issue.
-CITE-
12 USC Issue of Farm-Loan Bonds 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Issue of Farm-Loan Bonds
.
-HEAD-
Issue of Farm-Loan Bonds
-CITE-
12 USC Sec. 851 to 857 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Issue of Farm-Loan Bonds
-HEAD-
Sec. 851 to 857. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 851, act July 17, 1916, ch. 245, title I, Sec. 19, 39
Stat. 376; Ex. Ord. No. 6084, Mar. 27, 1933, set out duties of
farm-loan registrar on approval of a bond issue.
Section 852, act July 17, 1916, ch. 245, title I, Sec. 19, 39
Stat. 376; Ex. Ord. No. 6084, Mar. 27, 1933, covered return of
collateral security whenever Farm Credit Administration rejects
entirely an application for an issue of farm-loan bonds.
Section 853, act July 17, 1916, ch. 245, title I, Sec. 19, 39
Stat. 376; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
disposition of security on approval of an application for issue of
farm-loan bonds.
Section 854, acts July 17, 1916, ch. 245, title I, Sec. 19, 39
Stat. 376; Mar. 4, 1933, ch. 270, Sec. 6(a), 47 Stat. 1549; Ex.
Ord. No. 6084, Mar. 27, 1933, set out conditions for mortgages
eligible as collateral.
Section 855, act July 17, 1916, ch. 245, title I, Sec. 19, 39
Stat. 376, set out duties of farm loan registrars and authorized
receipt of United States bonds or cash in lieu of mortgages
withdrawn.
Section 856, act July 17, 1916, ch. 245, title I, Sec. 19, 39
Stat. 376; Ex. Ord. No. 6084, Mar. 27, 1933, authorized Farm Loan
Administration to call on any farm loan bank for additional
security to protect the bonds issued by it.
Section 857, act July 17, 1916, ch. 245, title I, Sec. 19 (par.),
as added Mar. 4, 1933, ch. 270, Sec. 6(b), 47 Stat. 1549; amended
June 30, 1945, ch. 204, Sec. 8, 59 Stat. 268, covered deposit of
acceptable collateral security with farm loan registrar.
-CITE-
12 USC Form of Farm Loan Bonds 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Form of Farm Loan Bonds
.
-HEAD-
Form of Farm Loan Bonds
-CITE-
12 USC Sec. 861 to 864 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Form of Farm Loan Bonds
-HEAD-
Sec. 861 to 864. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 861, acts July 17, 1916, ch. 245, title I, Sec. 20, 39
Stat. 377; Apr. 20, 1920, ch. 154, Sec. 5, 41 Stat. 571; Mar. 4,
1921, ch. 151, 41 Stat. 1362; Aug. 13, 1921, ch. 63, 42 Stat. 159;
Ex. Ord. No. 6084, Mar. 27, 1933; June 30, 1945, ch. 204, Sec. 9,
59 Stat. 268; Aug. 18, 1958, Pub. L. 86-168, title I, Sec. 104(b),
73 Stat. 386, authorized issuance of farm loan bonds in amount,
denominations, and terms as Farm Credit Administration authorized.
See section 2153 of this title.
Section 862, act July 17, 1916, ch. 245, title I, Sec. 20, 39
Stat. 377; Ex. Ord. No. 6084, Mar. 27, 1933, directed the Farm
Credit Administration to prescribe rules and regulations concerning
circumstances and manner in which farm loan bonds shall be paid and
retired. See section 2153 of this title.
Section 863, act July 17, 1916, ch. 245, title I, Sec. 20, 39
Stat. 377, directed that farm loan bonds be delivered through
registrar of the district to bank applying for them.
Section 864, acts July 17, 1916, ch. 245, title I, Sec. 20, 39
Stat. 377; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(b), 73 Stat. 386, covered preparation of
bonds, custody of plates and dies, exchange for registered bonds,
and reexchange for coupons.
-CITE-
12 USC Special Provisions of Farm Loan Bonds 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Special Provisions of Farm Loan Bonds
.
-HEAD-
Special Provisions of Farm Loan Bonds
-CITE-
12 USC Sec. 871 to 886 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Special Provisions of Farm Loan Bonds
-HEAD-
Sec. 871 to 886. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 871, act July 17, 1916, ch. 245, title I, Sec. 21, 39
Stat. 377; Ex. Ord. No. 6084, Mar. 27, 1933, provided that land
banks be bound by the acts of officers and Farm Credit
Administration in issue of bonds.
Section 872, act July 17, 1916, ch. 245, title I, Sec. 21, 39
Stat. 377; Ex. Ord. No. 6084, Mar. 27, 1933, covered liability of
each land bank for bonds issued by it and by other land banks.
Section 873, act July 17, 1916, ch. 245, title I, Sec. 21, 39
Stat. 377, directed that board of directors of each land bank
obligate each such bank to become liable on farm loan bonds.
Section 874, acts July 17, 1916, ch. 245, title I, Sec. 21, 39
Stat. 377; Apr. 20, 1920, ch. 154, Sec. 6, 41 Stat. 571; Ex. Ord.
No. 6084, Mar. 27, 1933; June 16, 1933, ch. 98, title VII, Sec.
75(b), title VIII, Sec. 80(a), 48 Stat. 271, 273; June 30, 1945,
ch. 204, Sec. 10(a), 59 Stat. 268, provided for signing and
attesting of bonds and certificate of Land Bank Commissioner.
Section 875, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476,
authorized consolidation of bonds and their sale through a common
selling agency.
Section 876, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476;
amended June 16, 1933, ch. 98, title VIII, Sec. 80(a), 81, 48 Stat.
273, provided for signature and attestation of bonds, joint and
several obligations, and recitals.
Section 877, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476,
directed that consolidated bonds be made payable at any land bank
and authorized provisions making them payable at Federal reserve
banks or other designated banks as well.
Section 878, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476;
amended Mar. 4, 1925, ch. 524, Sec. 6, 43 Stat. 1264; June 16,
1933, ch. 98, title VIII, Sec. 80(a), 81, 48 Stat. 273, directed
that land banks on whose behalf consolidated bonds are issued be
bound by acts of Land Bank Commissioner and any deputy land bank
commissioner.
Section 879, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476;
amended June 16, 1933, ch. 98, title VIII, Sec. 80(a), 81, 48 Stat.
273, directed that boards of directors of land banks, before
participating in a consolidated issue, obligate such banks to be
liable on farm loan bonds and to be bound by action of Land Bank
Commissioner and any deputy land bank commissioner.
Section 880, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476;
amended Ex. Ord. No. 6084, Mar. 27, 1933; June 16, 1933, ch. 98,
title VII, Sec. 75(b), title VIII, Sec. 80(a), 48 Stat. 271, 273;
June 30, 1945, ch. 204 Sec. 10(b), 59 Stat. 269, covered
certificate of Land Bank Commissioner appearing on face of every
farm loan bond issued.
Section 881, act July 17, 1916, ch. 245, title I, Sec. 21, 39
Stat. 377; Mar. 4, 1923, ch. 252, title VIII, Sec. 308, 42 Stat.
1476; Mar. 4, 1933, ch. 270, Sec. 7, 47 Stat. 1550; Ex. Ord. No.
6084, Mar. 27, 1933, covered special provisions of farm loan bonds,
consolidated bonds, the participation of land banks in their
issuance, and collateral.
Section 882, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476;
amended Ex. Ord. No. 6084, Mar. 27, 1933, covered action to be
taken upon failure of a participating bank to pay interest or
principal.
Section 883, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476;
amended Aug. 19, 1937, ch. 704, Sec. 18, 50 Stat. 709, covered bond
committee of Federal land banks and acts of such committee in
conducting its business.
Section 884, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476;
amended Ex. Ord. No. 6084, Mar. 27, 1933; June 16, 1933, ch. 98,
title VIII, Sec. 80(a), 81, 48 Stat. 273, set out duties of bond
committee on contemplation of an issue of consolidated bonds.
Section 885, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476,
covered proper charging of expenses of bond committee and of sale
of bonds.
Section 886, act July 17, 1916, ch. 245, title I, Sec. 21 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 308, 42 Stat. 1476,
provided for compensation of members of bond committee.
-CITE-
12 USC Application of Amortization and Interest Payments 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Application of Amortization and Interest Payments
.
-HEAD-
Application of Amortization and Interest Payments
-CITE-
12 USC Sec. 891 to 899 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Application of Amortization and Interest Payments
-HEAD-
Sec. 891 to 899. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 891, acts July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378; Oct. 29, 1949, ch. 786, Sec. 4, 63 Stat. 986, covered
payments on mortgages pledged as collateral for a bond issue,
notice to farm-loan registrar, and cancellation of mortgage and
discharge of lien on full payment.
Section 892, act July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378, covered withdrawal of collateral and substitution of
other security.
Section 893, act July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378; Ex. Ord. No. 6084, Mar. 27, 1933, provided for place and
mode of payment of bonds or interest thereon and cancellation of
payment.
Section 894, act July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378, provided for withdrawal of collateral security on
surrender of bonds.
Section 895, act July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378, covered interest payments on pledged securities.
Section 896, act July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378, provided for payment of bonds, coupons, and interest at
maturity.
Section 897, acts July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378; Mar. 4, 1923, ch. 252, title III, Sec. 309, 42 Stat.
1477; Jan. 31, 1934, ch. 7, Sec. 8(b), 48 Stat. 347; Aug. 19, 1937,
ch. 704, Sec. 5(a), 15(c), 50 Stat. 704, 708; Oct. 4, 1961, Pub. L.
87-353, Sec. 3(i), 75 Stat. 774, provided for a trust fund from
payments on mortgages held as collateral.
Section 898, act July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378, covered deposit of trust funds with registrars as
substituted collateral security.
Section 899, act July 17, 1916, ch. 245, title I, Sec. 22, 39
Stat. 378, covered notice to registrars of dispositions of
principal payments on mortgages held as collateral and transfer to
registrar on demand.
-CITE-
12 USC Reserves and Dividends of Land Banks 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Reserves and Dividends of Land Banks
.
-HEAD-
Reserves and Dividends of Land Banks
-CITE-
12 USC Sec. 901 to 903 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Reserves and Dividends of Land Banks
-HEAD-
Sec. 901 to 903. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 901, acts July 17, 1916, ch. 245, title I, Sec. 23, 39
Stat. 379; Jan. 23, 1932, ch. 9, Sec. 3(a), 47 Stat. 13; Aug. 11,
1955, ch. 785, title III, Sec. 306(a), 69 Stat. 665; Aug. 18, 1959,
Pub. L. 86-168, title I, Sec. 104(c), 73 Stat. 386, provided for
amount to be carried in reserve accounts, withdrawal of excess, and
restoration of impairment. See section 2051 of this title.
Section 902, acts July 17, 1916, ch. 245, title I, Sec. 23, 39
Stat. 379; Jan. 23, 1932, ch. 9, Sec. 3(a), (b), 47 Stat. 13; Ex.
Ord. No. 6084, Mar. 27, 1933; Aug. 11, 1955, ch. 785, title III,
Sec. 306(a), 69 Stat. 665, authorized declaration of dividends on
balance of net earnings and investment of reserves. See section
2051 et seq. of this title.
Section 903, act July 17, 1916, ch. 245, title I, Sec. 23 (par.),
as added Aug. 6, 1953, ch. 335, Sec. 10, 67 Stat. 395, provided for
payment of franchise tax before dividends. See section 2051 of
this title.
-CITE-
12 USC Reserve and Dividends of Federal Land Bank
Associations 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Reserve and Dividends of Federal Land Bank Associations
.
-HEAD-
Reserve and Dividends of Federal Land Bank Associations
-CITE-
12 USC Sec. 911 to 915 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Reserve and Dividends of Federal Land Bank Associations
-HEAD-
Sec. 911 to 915. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 911, acts July 17, 1916, ch. 245, title I, Sec. 24, 39
Stat. 379; Jan. 23, 1932, ch. 9, Sec. 4, 47 Stat. 13; Aug. 11,
1955, ch. 785, title III, Sec. 306(b), 69 Stat. 665; Aug. 18, 1959,
Pub. L. 86-168, title I, Sec. 104(d), (h), 73 Stat. 386, 387,
provided for amount to be carried in reserve account by land bank
associations. See section 2052 of this title.
Section 912, acts July 17, 1916, ch. 245, title I, Sec. 24, 39
Stat. 379; Jan. 23, 1932, ch. 9, Sec. 4, 47 Stat. 13, covered
making good of any impairment of reserve before payment of any
dividends.
Section 913, acts July 17, 1916, ch. 245, title I, Sec. 24, 39
Stat. 379; Jan. 23, 1932, ch. 9, Sec. 4, 47 Stat. 13; June 3, 1935,
ch. 164, Sec. 4, 49 Stat. 315, provided for payment of dividends by
land bank associations on balance of net earnings. See section
2052 of this title.
Section 914, act July 17, 1916, ch. 245, title I, Sec. 24, 39
Stat. 379; Ex. Ord. No. 6084, Mar. 27, 1933, covered investment of
reserves of land bank associations.
Section 915, act July 17, 1916, ch. 245, title I, Sec. 24, 39
Stat. 379, provided for disposition of reserves on liquidation of
land bank associations.
-CITE-
12 USC Defaulted Farm Loans 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Defaulted Farm Loans
.
-HEAD-
Defaulted Farm Loans
-CITE-
12 USC Sec. 921 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Defaulted Farm Loans
-HEAD-
Sec. 921. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
-MISC1-
Section, acts July 17, 1916, ch. 245, title I, Sec. 25, 39 Stat.
380; Mar. 4, 1923, ch. 252, title III, Sec. 310, 42 Stat. 1477;
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387,
provided for notice to indorsing association in event of a default
on a mortgage held by a land bank and for making good of such
default by association.
-CITE-
12 USC Exemption From Taxation 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Exemption From Taxation
.
-HEAD-
Exemption From Taxation
-CITE-
12 USC Sec. 931 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Exemption From Taxation
-HEAD-
Sec. 931. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
-MISC1-
Section, acts July 17, 1916, ch. 245, title I, Sec. 26, 39 Stat.
380; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat.
387, exempted land banks and land bank associations from taxation
and directed that mortgages and bonds be deemed instrumentalities
of government. See section 2055 of this title.
-CITE-
12 USC Sec. 931a 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Exemption From Taxation
-HEAD-
Sec. 931a. Omitted
-COD-
CODIFICATION
Provisions of this section, act May 28, 1938, ch. 289, Sec. 817,
52 Stat. 578, were incorporated as section 3799 of Title 26 (I.R.C.
1939). See section 76 of Title 26, Internal Revenue Code.
-CITE-
12 USC Sec. 932, 933 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Exemption From Taxation
-HEAD-
Sec. 932, 933. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 932, act July 17, 1916, ch. 245, title I, Sec. 26, 39
Stat. 380, covered joint-stock land banks and limitations on state
taxation of shares thereof.
Section 933, acts July 17, 1916, ch. 245, title I, Sec. 26, 39
Stat. 380; Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, prohibited a construction of statute which might serve
to render exempt real property of land banks and land bank
associations from state, county, or municipal taxes.
-CITE-
12 USC Investment in Farm-Loan Bonds 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Investment in Farm-Loan Bonds
.
-HEAD-
Investment in Farm-Loan Bonds
-CITE-
12 USC Sec. 941 to 943 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Investment in Farm-Loan Bonds
-HEAD-
Sec. 941 to 943. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 941, act July 17, 1916, ch. 245, title I, Sec. 27, 39
Stat. 380, directed that farm-loan bonds be deemed lawful
investments for all fiduciary and trust funds.
Section 942, act July 17, 1916, ch. 245, title I, Sec. 27, 39
Stat. 380, covered buying and selling of farm-loan bonds by member
banks of the Federal reserve system.
Section 943, act July 17, 1916, ch. 245, title I, Sec. 27, 39
Stat. 380, covered additional purchases and sales by Federal
reserve banks.
-CITE-
12 USC Examinations 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Examinations
.
-HEAD-
Examinations
-CITE-
12 USC Sec. 951, 952 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Examinations
-HEAD-
Sec. 951, 952. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 951, acts July 17, 1916, ch. 245, title I, Sec. 28, 39
Stat. 381; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch.
704, Sec. 20, 50 Stat. 710, provided for appointment of farm credit
examiners.
Section 952, acts July 17, 1916, ch. 245, title I, Sec. 28, 39
Stat. 381; Ex. Ord. No. 6084, Mar. 27, 1933; June 16, 1933, ch. 98,
title VIII, Sec. 80(a), 48 Stat. 273; Aug. 19, 1937, ch. 704, Sec.
20, 50 Stat. 710; July 12, 1943, ch. 215, 57 Stat. 424; Aug. 18,
1959, Pub. L. 86-168, title I, Sec. 104(h), 73 Stat. 387, covered
requirements, responsibilities, and penalties applicable to
examiners, and made provision for examinations and reports.
-CITE-
12 USC Sec. 953 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Examinations
-HEAD-
Sec. 953. Repealed. Pub. L. 89-554, Sec. 8(a), Sept. 6, 1966, 80
Stat. 643
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 28, 39 Stat.
381, related to salaries of Farm credit examiners.
-CITE-
12 USC Receivers and Conservators 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Receivers and Conservators
.
-HEAD-
Receivers and Conservators
-CITE-
12 USC Sec. 961 to 963 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Receivers and Conservators
-HEAD-
Sec. 961 to 963. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 961, acts July 17, 1916, ch. 245, title I, Sec. 29, 39
Stat. 381; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch.
704, Sec. 5(a), 50 Stat. 704; Aug. 18, 1959, Pub. L. 86-168, title
I, Sec. 104(h), 73 Stat. 387, covered institution and conduct of
receiverships for land bank associations and duties and powers of
receivers.
Section 962, act July 17, 1916, ch. 245, title I, Sec. 29, 39
Stat. 381; Ex. Ord. No. 6084, Mar. 27, 1933, covered the
disposition of moneys collected by receivers and reports to be made
thereon.
Section 963, acts July 17, 1916, ch. 245, title I, Sec. 29, 39
Stat. 381; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, provided for
institution and conduct of receiverships for federal and
joint-stock land banks.
-CITE-
12 USC Sec. 963a 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Receivers and Conservators
-HEAD-
Sec. 963a. Repealed. June 30, 1947, ch. 166, title II, Sec. 206(c),
61 Stat. 208
-MISC1-
Section, act May 12, 1933, ch. 25, Sec. 27, 48 Stat. 45, related
to authorization of receiver to borrow money for paying taxes on
real estate.
-CITE-
12 USC Sec. 964 to 966 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Receivers and Conservators
-HEAD-
Sec. 964 to 966. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 964, acts July 17, 1916, ch. 245, title I, Sec. 29, 39
Stat. 381; Ex. Ord. No. 6084, Mar. 27, 1933; July 16, 1933, ch. 98,
title VIII, Sec. 80(a), 48 Stat. 273; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, provided for
disposition of land bank association's stock in land bank on
declaration of insolvency and appointment of receiver for
association.
Section 965, acts July 17, 1916, ch. 245, title I, Sec. 29, 39
Stat. 381; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, required written
consent from Farm Credit Administration for a land bank, land bank
association, or joint stock land bank to go into voluntary
liquidation.
Section 966, act July 17, 1916, ch. 245, title I, Sec. 29 (par.),
as added Mar. 4, 1923, ch. 252, title III, Sec. 311, 42 Stat. 1748,
and amended Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(h), 73
Stat. 387, provided for disposition of a land bank association's
stock in land bank on voluntary liquidation of an association and
for personal liability of members.
-CITE-
12 USC Dissolution and Appointment of Receivers 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Dissolution and Appointment of Receivers
.
-HEAD-
Dissolution and Appointment of Receivers
-CITE-
12 USC Sec. 967 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Dissolution and Appointment of Receivers
-HEAD-
Sec. 967. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 29 (pars.), as
added Aug. 19, 1937, ch. 704, Sec. 25(d), 50 Stat. 713; amended
Aug. 18, 1959, Pub. L. 86-168, title I, Sec. 104(e), (h), 73 Stat.
386, 387, provided for a conservator in lieu of a receiver for land
bank associations which have failed to meet their outstanding
obligations.
-CITE-
12 USC State Legislation Impairing Security of Farm Loans 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
State Legislation Impairing Security of Farm Loans
.
-HEAD-
State Legislation Impairing Security of Farm Loans
-CITE-
12 USC Sec. 971 to 973 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
State Legislation Impairing Security of Farm Loans
-HEAD-
Sec. 971 to 973. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 971, acts July 17, 1916, ch. 245, title I, Sec. 30, 39
Stat. 382; Ex. Ord. No. 6084, Mar. 27, 1933; June 16, 1933, ch. 98,
title VIII, Sec. 80(a), 48 Stat. 273, directed Land Bank
Commissioner to make examination of State legislation which might
impair the security of farm loans.
Section 972, acts July 17, 1916, ch. 245, title I, Sec. 30, 39
Stat. 382; Ex. Ord. No. 6084, Mar. 27, 1933; June 16, 1933, ch. 98,
title VIII, Sec. 80(a), 48 Stat. 273, authorized Farm Credit
Administration to declare first mortgages on farm lands ineligible
as basis for an issue of farm loan bonds.
Section 973, act July 17, 1916, ch. 245, title I, Sec. 30, 39
Stat. 382; Ex. Ord. No. 6084, Mar. 27, 1933, authorized Farm Credit
Administration to prepare a statement for chief executive of any
state setting forth in what respects requirement of Administration
cannot be complied with under existing State laws.
-CITE-
12 USC Penalties 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Penalties
.
-HEAD-
Penalties
-CITE-
12 USC Sec. 981 to 987 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Penalties
-HEAD-
Sec. 981 to 987. Repealed. June 25, 1948, ch. 645, Sec. 21, 62
Stat. 862, eff. Sept. 1, 1948
-MISC1-
Section 981, acts July 17, 1916, ch. 245, title I, Sec. 31, 39
Stat. 382; June 3, 1935, ch. 164, Sec. 21, 49 Stat. 319, related to
false statements in applications for loans. See sections 213,
1014, and 1909 of Title 18, Crimes and Criminal Procedure.
Section 982, act July 17, 1916, ch. 245, title I, Sec. 31, 39
Stat. 382, related to counterfeiting bonds or coupons. See section
493 of Title 18.
Section 983, act July 17, 1916, ch. 245, title I, Sec. 31, 39
Stat. 382, related to charging or receiving unauthorized fees or
commissions. See sections 216 and 1907 of Title 18.
Section 984, act July 17, 1916, ch. 245, title I, Sec. 31, 39
Stat. 382, related to fraud and embezzlement. See sections 657 and
1006 of Title 18.
Section 985, act July 17, 1916, ch. 245, title I, Sec. 31, 39
Stat. 382, related to false pretenses as to character of bonds or
coupons. See section 1013 of Title 18.
Section 986, act July 17, 1916, ch. 245, title I, Sec. 31, 39
Stat. 382, related to detection and arrest of violators. See
section 3056 of Title 18.
Section 987, act July 17, 1916, ch. 245, title I, Sec. 31 (par.),
as added June 16, 1933, ch. 98, title VII, Sec. 78, 48 Stat. 272,
related to false statements by mortgagee. See section 1011 of
Title 18.
-CITE-
12 USC Government Deposits in Land Banks 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Government Deposits in Land Banks
.
-HEAD-
Government Deposits in Land Banks
-CITE-
12 USC Sec. 991 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Government Deposits in Land Banks
-HEAD-
Sec. 991. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec. 10,
1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 32, 39 Stat.
384; Ex. Ord. No. 6084, Mar. 27, 1933, covered government deposits
in land banks, interest rate, security, and maximum amounts.
-CITE-
12 USC Sec. 992 to 993 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Government Deposits in Land Banks
-HEAD-
Sec. 992 to 993. Repealed. Pub. L. 87-353, Sec. 3(a), (w), Oct. 4,
1961, 75 Stat. 773, 774
-MISC1-
Section 992, act July 17, 1916, ch. 245, Sec. 32 (par.), as added
May 12, 1933, ch. 25, title II, Sec. 21, 48 Stat. 41; amended June
16, 1933, ch. 98, title VIII, Sec. 80(a), 48 Stat. 273, related to
Government guaranty of interest on qualified Federal land bank
bonds issued during limited period, use of proceeds of such bonds,
limitation on aggregate amount of such bonds, payment of interest
by Government on inability of issuing bank and rights of Government
after such payment.
Section 992a, act Jan. 31, 1934, ch. 7, Sec. 5, 48 Stat. 346,
prohibited any Federal land bank, ninety days after January 31,
1934, from issuing any bonds under provisions of section 992 of
this title, subject to guarantee of interest on such bonds by
United States except for purpose of refinancing any bond which was
or had been issued subject to such guarantee of interest.
Section 993, act July 17, 1916, ch. 245, Sec. 32 (par.), as added
May 12, 1933, ch. 25, title II, Sec. 21, 48 Stat. 41, related to
delivery of bonds issued under section 992 of this title in payment
of certain mortgages.
-CITE-
12 USC Organization Expenses 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Organization Expenses
.
-HEAD-
Organization Expenses
-CITE-
12 USC Sec. 1001 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Organization Expenses
-HEAD-
Sec. 1001. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 33, 39 Stat.
384, appropriated $100,000 for carrying this chapter into effect.
-CITE-
12 USC Limitation of Court Decisions 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Limitation of Court Decisions
.
-HEAD-
Limitation of Court Decisions
-CITE-
12 USC Sec. 1011 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Limitation of Court Decisions
-HEAD-
Sec. 1011. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 34, 39 Stat.
384, set limits on effects of any court decisions respecting
validity of provisions of act July 17, 1916, ch. 245, 39 Stat. 360.
-CITE-
12 USC Amendments to Chapter 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Amendments to Chapter
.
-HEAD-
Amendments to Chapter
-CITE-
12 USC Sec. 1012 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER I - FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND
FEDERAL LAND BANK ASSOCIATIONS
Amendments to Chapter
-HEAD-
Sec. 1012. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title I, Sec. 35, 39 Stat.
384, reserved to Congress the right to amend, alter, or repeal
former subchapter I or III of this chapter.
-CITE-
12 USC SUBCHAPTER II - LOANS TO FARMERS BY LAND BANK
COMMISSIONER 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II - LOANS TO FARMERS BY LAND BANK COMMISSIONER
.
-HEAD-
SUBCHAPTER II - LOANS TO FARMERS BY LAND BANK COMMISSIONER
-CITE-
12 USC Sec. 1016 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II - LOANS TO FARMERS BY LAND BANK COMMISSIONER
-HEAD-
Sec. 1016. Repealed and Omitted
-COD-
CODIFICATION
Section (except subsec. (h)), acts May 12, 1933, ch. 25, title
II, Sec. 32, 48 Stat. 48; June 16, 1933, ch. 98, title VIII, Sec.
80(a), 48 Stat. 273; Jan. 31, 1934, ch. 7, Sec. 9, 10, 48 Stat.
347; June 11, 1934, ch. 446, 48 Stat. 929; May 28, 1935, ch. 150,
Sec. 32, 49 Stat. 300; June 3, 1935, ch. 164, Sec. 2, 49 Stat. 313;
July 22, 1937, ch. 516, Sec. 2, 50 Stat. 521; Aug. 19, 1937, ch.
704, Sec. 13, 14, 50 Stat. 708; June 16, 1938, ch. 462, Sec. 2, 52
Stat. 709; Feb. 1, 1940, ch. 19, 54 Stat. 19; June 29, 1940, ch.
441, Sec. 1, 54 Stat. 684; June 3, 1942, ch. 321, 56 Stat. 306;
June 27, 1942, ch. 449, Sec. 2, 56 Stat. 392; June 26, 1943, ch.
146, 57 Stat. 196; June 30, 1944, ch. 329, 58 Stat. 646; June 30,
1945, ch. 204, Sec. 11-13, 59 Stat. 269; July 12, 1946, ch. 570,
Sec. 1, 60 Stat. 532; June 30, 1947, ch. 166, title II, Sec.
206(h), 61 Stat. 208; Aug. 18, 1959, Pub. L. 86-168, title I, Sec.
104(h), 73 Stat. 387; Oct. 4, 1961, Pub. L. 87-353, Sec. 3(b), 75
Stat. 773, related to general provisions governing loans to farmers
by Land Bank Commission, prior to repeal by Pub. L. 87-353, Sec.
3(b), Oct. 4, 1961, 75 Stat. 773.
Subsec. (h) provided: ''Any instrument heretofore or hereafter
executed on behalf of the Land Bank Commissioner and/or the Federal
Farm Mortgage Corporation by a Federal land bank, through its duly
authorized officers, shall be conclusively presumed to have been
duly authorized by the Land Bank Commissioner and the Federal Farm
Mortgage Corporation.''
-CITE-
12 USC Sec. 1017 to 1019 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II - LOANS TO FARMERS BY LAND BANK COMMISSIONER
-HEAD-
Sec. 1017 to 1019. Repealed. Pub. L. 87-353, Sec. 3(b), Oct. 4,
1961, 75 Stat. 773
-MISC1-
Section 1017, acts May 12, 1933, ch. 25, title II, Sec. 33, 48
Stat. 49; June 16, 1933, ch. 98, title VIII, Sec. 80(a), 48 Stat.
273, authorized Land Bank Commissioner to make rules and
regulations and to appoint, employ and fix compensation of
officers, employees, attorneys and agents.
Section 1018, acts May 12, 1933, ch. 25, title II, Sec. 34, 48
Stat. 49; June 16, 1933, ch. 98, title VIII, Sec. 80(a), 48 Stat.
273, related to making available to Land Bank Commissioner of
facilities of Federal land banks and Federal land bank
associations.
Section 1019, act May 12, 1933, ch. 25, title II, Sec. 35, 48
Stat. 49, prescribed a penalty of not more than $1,000 fine or six
months' imprisonment or both for false representations in obtaining
loan.
-CITE-
12 USC SUBCHAPTER II-A - FEDERAL FARM MORTGAGE
CORPORATION 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-A - FEDERAL FARM MORTGAGE CORPORATION
.
-HEAD-
SUBCHAPTER II-A - FEDERAL FARM MORTGAGE CORPORATION
-CITE-
12 USC Sec. 1020 to 1020a-1 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-A - FEDERAL FARM MORTGAGE CORPORATION
-HEAD-
Sec. 1020 to 1020a-1. Repealed. Pub. L. 87-353, Sec. 3(a), (v),
Oct. 4, 1961, 75 Stat. 773, 774
-MISC1-
Section 1020, act Jan. 31, 1934, ch. 7, Sec. 1, 48 Stat. 344,
provided for establishment of Federal Farm Mortgage Corporation,
and for board of directors, bylaws, regulations and employment of
officers and employees.
Section 1020a, act Jan. 31, 1934, ch. 7, Sec. 2, 48 Stat. 345,
related to period of succession of Federal Farm Mortgage
Corporation, its powers, free use of mails and use of Government
facilities.
Section 1020a-1, act Sept. 21, 1944, ch. 412, title VI, Sec. 603,
58 Stat. 741, provided for treatment of capital investment
expenditures as nonadministrative expenses.
-TRANS-
ABOLITION OF FEDERAL FARM MORTGAGE CORPORATION
Pub. L. 87-353, Sec. 1, 2, Oct. 4, 1961, 75 Stat. 773, abolished
Federal Farm Mortgage Corporation established by the Act of Jan.
31, 1934, 48 Stat. 344, formerly set out in section 1020 of this
title, terminated all powers and functions of Corporation,
transferred all assets owned by Corporation and all authority of
the Corporation relating to collection of notes receivable from
Federal land banks to Secretary of the Treasury, authorized Federal
land bank of appropriate district to execute in its own name or the
name of Corporation any instrument necessary to perfect title to
real property (other than reserved mineral interests) which
appeared to be in Land Bank Commissioner in a particular district
or Corporation, reserved mineral interests of Corporation which
were not disposed of to United States of America to be administered
by Secretary of the Interior, provided that any moneys collected by
Secretary of the Treasury by virtue of act be deposited in general
fund of the Treasury as miscellaneous receipts and further provided
that no proceeding commenced by or against the Corporation would
abate as the court on motion filed within twelve months after the
date of enactment of the act (Oct. 4, 1961) could allow the same to
be maintained by or against Secretary of the Treasury.
-CITE-
12 USC Sec. 1020a-2, 1020a-3 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-A - FEDERAL FARM MORTGAGE CORPORATION
-HEAD-
Sec. 1020a-2, 1020a-3. Omitted
-COD-
CODIFICATION
Section 1020a-2, act June 4, 1956, ch. 355, title IV, 70 Stat.
239, which related to maximum amounts available for administrative
expenses, was from the Department of Agriculture and Farm Credit
Administration Appropriation Act, 1957, and was not repeated in
subsequent appropriation acts.
Section 1020a-3, Pub. L. 87-112, title IV, July 26, 1961, 75
Stat. 240, which limited the aggregate amount of bonds issued and
outstanding, was from the Department of Agriculture and Related
Agencies Appropriation Act, 1962, and was not repeated in
subsequent appropriations acts.
-MISC3-
SIMILAR PROVISIONS
Similar provisions to section 1020a-2 of this title were
contained in the following acts:
May 23, 1955, ch. 43, title IV, 69 Stat. 62.
June 29, 1954, ch. 409, title IV, 68 Stat. 317.
July 28, 1953, ch. 251, title II, 67 Stat. 222.
July 5, 1952, ch. 574, title II, 66 Stat. 353.
Aug. 31, 1951, ch. 374, title III, 65 Stat. 245.
Sept. 6, 1950, ch. 896, Ch. VI, title II, 64 Stat. 677.
June 29, 1949, ch. 280, title II, 63 Stat. 346, 347.
Similar provisions to section 1020a-3 of this title were
contained in the following acts:
June 29, 1960, Pub. L. 86-532, title III, 74 Stat. 244.
July 8, 1959, Pub. L. 86-80, title III, 73 Stat. 179.
June 13, 1958, Pub. L. 85-459, title III, 72 Stat. 199.
Aug. 2, 1957, Pub. L. 85-118, title IV, 71 Stat. 339.
-CITE-
12 USC Sec. 1020b, 1020c 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-A - FEDERAL FARM MORTGAGE CORPORATION
-HEAD-
Sec. 1020b, 1020c. Repealed. Pub. L. 87-353, Sec. 3(a), Oct. 4,
1961, 75 Stat. 773
-MISC1-
Section 1020b, acts Jan. 31, 1934, ch. 7, Sec. 3, 48 Stat. 345;
June 25, 1940, ch. 427, Sec. 4, 54 Stat. 573; June 30, 1945, ch.
204, Sec. 14, 59 Stat. 269; July 12, 1946, ch. 570, Sec. 2, 60
Stat. 532, prescribed the capital of the Federal Farm Mortgage
Corporation to be in the sum of $200,000,000 and provided for
subscription by the United States and repayment by the Corporation.
Section 1020c, acts Jan. 31, 1934, ch. 7, Sec. 4(a), 48 Stat.
345; Apr. 27, 1934, ch. 168, Sec. 14, 48 Stat. 647, authorized the
issuance of bonds not exceeding $2,000,000,000 at any one time and
provided for purchase and sale by United States and exchange of
such bonds for consolidated farm loan bonds.
-CITE-
12 USC Sec. 1020c-1 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-A - FEDERAL FARM MORTGAGE CORPORATION
-HEAD-
Sec. 1020c-1. Omitted
-COD-
CODIFICATION
Section, act June 4, 1956, ch. 355, title IV, 70 Stat. 240, which
limited the aggregate amount of bonds issued and outstanding, was
from the Department of Agriculture and Farm Credit Administration
Appropriation Act, 1957, and was not repeated in subsequent
appropriation acts.
-MISC3-
SIMILAR PROVISIONS
Similar provisions to section 1020c-1 of this title were
contained in the following acts:
May 23, 1955, ch. 43, title IV, 69 Stat. 62.
June 29, 1954, ch. 409, title IV, 68 Stat. 318.
July 28, 1953, ch. 251, title II, 67 Stat. 222.
July 5, 1952, ch. 574, title II, 66 Stat. 353.
Aug. 31, 1951, ch. 374, title III, 65 Stat. 244.
Sept. 6, 1950, ch. 896, Ch. VI, title II, 64 Stat. 678.
June 29, 1949, ch. 280, title II, 63 Stat. 347.
June 30, 1948, ch. 773, title II, 62 Stat. 1191.
-CITE-
12 USC Sec. 1020d to 1020h 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-A - FEDERAL FARM MORTGAGE CORPORATION
-HEAD-
Sec. 1020d to 1020h. Repealed. Pub. L. 87-353, Sec. 3(a), Oct. 4,
1961, 75 Stat. 773
-MISC1-
Section 1020d, acts Jan. 31, 1934, ch. 7, Sec. 4(b), 48 Stat.
346; Aug. 19, 1937, ch. 704, Sec. 2, 4, 50 Stat. 703; June 30,
1945, ch. 204, Sec. 15, 59 Stat. 269, provided for the purchase of
consolidated farm loan bonds, loans to Federal and joint-stock land
banks, investment in mortgages, extensions, and sale and assignment
of notes and mortgages.
Section 1020e, act Jan. 31, 1934, ch. 7, Sec. 4(c), 48 Stat. 346,
related to preparation of bonds.
Section 1020f, acts Jan. 31, 1934, ch. 7, Sec. 12, 48 Stat. 347;
Feb. 26, 1934, ch. 33, 48 Stat. 360, provided for exemptions from
taxation.
Sections 1020g, 1020h, act Jan. 31, 1934, ch. 7, Sec. 17, 18, 48
Stat. 348, 349, related to the severability clause and reservation
of right to amend, and short title, respectively.
-CITE-
12 USC SUBCHAPTER II-B - LOANS TO FARMERS BY GOVERNOR OF
FARM CREDIT ADMINISTRATION 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-B - LOANS TO FARMERS BY GOVERNOR OF FARM CREDIT
ADMINISTRATION
.
-HEAD-
SUBCHAPTER II-B - LOANS TO FARMERS BY GOVERNOR OF FARM CREDIT
ADMINISTRATION
-CITE-
12 USC Sec. 1020i to 1020n 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-B - LOANS TO FARMERS BY GOVERNOR OF FARM CREDIT
ADMINISTRATION
-HEAD-
Sec. 1020i to 1020n. Repealed. Aug. 14, 1946, ch. 964, Sec.
2(a)(2), 60 Stat. 1062
-MISC1-
Sections 1020i to 1020n, act Jan. 29, 1937, ch. 7, Sec. 1-6, 50
Stat. 5, provided for loans to farmers by the Governor of the Farm
Credit Administration for production and harvesting of crops, feed
for livestock and other related purposes.
-CITE-
12 USC Sec. 1020n-1 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-B - LOANS TO FARMERS BY GOVERNOR OF FARM CREDIT
ADMINISTRATION
-HEAD-
Sec. 1020n-1. Omitted
-COD-
CODIFICATION
Section, acts June 30, 1939, ch. 253, title II, 53 Stat. 979;
June 25, 1940, ch. 421, 54 Stat. 569; July 1, 1941, ch. 267, 55
Stat. 444; July 22, 1942, ch. 516, 56 Stat. 701, related to the
personal liability of Federal employees approving loans
fraudulently obtained under sections 1020i to 1020n and 1020o of
this title, which were repealed by act Aug. 14, 1946, ch. 964, Sec.
2(a)(2), 60 Stat. 1062.
-CITE-
12 USC Sec. 1020o 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER II-B - LOANS TO FARMERS BY GOVERNOR OF FARM CREDIT
ADMINISTRATION
-HEAD-
Sec. 1020o. Repealed. Aug. 14, 1946, ch. 964, Sec. 2(a)(2), 60
Stat. 1062
-MISC1-
Section, act Jan. 29, 1937, ch. 7, Sec. 7, 50 Stat. 7, related to
appropriations and expenditures for loans under sections 1020i to
1020n of this title.
-CITE-
12 USC SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
.
-HEAD-
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
-COD-
CODIFICATION
Provisions of this subchapter concerning Federal intermediate
credit banks constituted title II of the Federal Farm Loan Act, act
July 17, 1916, ch. 245, 39 Stat. 360, as added to that act by act
Mar. 4, 1923, ch. 252, title I, 42 Stat. 1454. The Federal Farm
Loan Act was repealed by Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624.
This subchapter formerly constituted chapter 8 of this title.
-CITE-
12 USC Organization 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Organization
.
-HEAD-
Organization
-CITE-
12 USC Sec. 1021 to 1023 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Organization
-HEAD-
Sec. 1021 to 1023. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1021, act July 17, 1916, ch. 245, title II, Sec. 201(a),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1454;
amended Ex. Ord. No. 6084, Mar. 27, 1933, authorized the Farm
Credit Administration to grant charters for 12 intermediate credit
banks. See section 2071 of this title.
Section 1022, act July 17, 1916, ch. 245, title II, Sec. 201 (b),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1454;
amended June 16, 1933, ch. 98, title VII, Sec. 76(a), 48 Stat. 271;
Aug. 19, 1937, ch. 704, Sec. 10, 50 Stat. 707; July 26, 1956, ch.
741, title I, Sec. 104(a), 70 Stat. 663, covered the location,
directors, officers, employees, and by-laws of intermediate credit
banks. See section 2072 of this title.
Section 1023, act July 17, 1916, ch. 245, title II, Sec. 201(c),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1454;
amended Aug. 19, 1937, ch. 704, Sec. 26, 50 Stat. 715, set out the
corporate powers of intermediate credit banks. See section 2072 of
this title.
-CITE-
12 USC Sec. 1023a 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Organization
-HEAD-
Sec. 1023a. Omitted
-COD-
CODIFICATION
Section, Pub. L. 85-459, title III, June 13, 1958, 72 Stat. 199,
which related to availability of funds for administrative expenses,
was from the Department of Agriculture and Farm Credit
Administration Appropriation Act, 1959, and was not repeated in
subsequent appropriation acts.
-MISC3-
SIMILAR PROVISIONS
Similar provisions were contained in the following prior
appropriation acts:
Aug. 2, 1957, Pub. L. 85-118, title IV, 71 Stat. 339.
June 4, 1956, ch. 355, title IV, 70 Stat. 240.
May 23, 1955, ch. 43, title IV, 69 Stat. 62.
June 29, 1954, ch. 409, title IV, 68 Stat. 318.
July 28, 1953, ch. 251, title II, 67 Stat. 222.
July 5, 1952, ch. 574, title II, 66 Stat. 353.
Aug. 31, 1951, ch. 374, title III, 65 Stat. 244.
Sept. 6, 1950, ch. 896, Ch. VI, title II, 64 Stat. 678.
June 29, 1949, ch. 280, title II, 63 Stat. 346, 347.
-CITE-
12 USC Sec. 1023b to 1027 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Organization
-HEAD-
Sec. 1023b to 1027. Repealed. Pub. L. 92-181, title V, Sec.
5.26(a), Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1023b, act July 26, 1956, ch. 741, title II, Sec. 201(b),
70 Stat. 667, provided for utilization of funds for administrative
expenses of intermediate credit banks.
Section 1024, act July 17, 1916, ch. 245, title II, Sec. 201(d),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1454,
authorized intermediate credit banks to serve as fiscal agents for
the United States.
Section 1025, act July 17, 1916, ch. 245, title II, Sec. 201(e),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1454;
amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959, Pub. L.
86-168, title I, Sec. 104(h), 73 Stat. 387, covered insolvency and
receivership of intermediate credit banks.
Section 1026, act July 17, 1916, ch. 245, title II, Sec. 201(f),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1454;
amended Ex. Ord. No. 6084, Mar. 27, 1933, provided for grant of
charters to intermediate credit banks upon application in form
prescribed by Farm Credit Administration.
Section 1027, act July 26, 1956, ch. 741, title I, Sec. 101(a) to
(c), 70 Stat. 659, covered merger of production credit corporations
in Federal intermediate credit banks.
Section 1027 note, act July 26, 1956, ch. 741, Sec. 2, 70 Stat.
659, set out a Congressional declaration of policy to be followed
in construing provisions of act July 26, 1956.
-CITE-
12 USC Discounts and Loans 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Discounts and Loans
.
-HEAD-
Discounts and Loans
-CITE-
12 USC Sec. 1031 to 1033 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Discounts and Loans
-HEAD-
Sec. 1031 to 1033. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1031, act July 17, 1916, ch. 245, title II, Sec. 202(a),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1455;
amended Mar. 4, 1925, ch. 524, Sec. 7, 43 Stat. 1264; June 26,
1930, ch. 616, Sec. 1, 46 Stat. 816; May 19, 1932, ch. 191, Sec. 1,
47 Stat. 159; June 16, 1933, ch. 98, title VII, Sec. 76(b), (c), 48
Stat. 271; Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164,
Sec. 5(a), (b), 49 Stat. 315; July 26, 1956, ch. 741, title I, Sec.
104(b), 70 Stat. 663; Oct. 4, 1965, Pub. L. 89-237, Sec. 1(a), 79
Stat. 922; Aug. 2, 1966, Pub. L. 89-525, Sec. 3(a), 80 Stat. 334,
set out lending powers of intermediate credit banks. See section
2074 of this title.
Section 1032, act July 17, 1916, ch. 245, title II, Sec. 202(b),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1455,
placed a limitation on amount of purchases by intermediate credit
banks for national banks, State banks, trust companies, or saving
institutions.
Section 1033, act July 17, 1916, ch. 245, title II, Sec. 202(c),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1455;
amended June 26, 1930, ch. 616, Sec. 2, 46 Stat. 816; July 26,
1956, ch. 741, title I, Sec. 104(c), 70 Stat. 664; Aug. 18, 1959,
Pub. L. 86-168, title I, Sec. 104(f), 73 Stat. 386; Oct. 3, 1961,
Pub. L. 87-343, Sec. 1(b), 75 Stat. 758, covered maturity, sale,
and purchase of loans, advances, and discounts of intermediate
credit banks.
-CITE-
12 USC Sec. 1034 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Discounts and Loans
-HEAD-
Sec. 1034. Repealed. June 3, 1935, ch. 164, Sec. 5(c), 49 Stat. 315
-MISC1-
Section, act July 17, 1916, ch. 245, title II, Sec. 202(d), as
added act Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456,
related to interest and discount charges and rediscount of paper of
other intermediate credit banks.
-CITE-
12 USC Issue of Debentures 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Issue of Debentures
.
-HEAD-
Issue of Debentures
-CITE-
12 USC Sec. 1040 to 1045 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Issue of Debentures
-HEAD-
Sec. 1040 to 1045. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1040, act Aug. 19, 1937, ch. 704, Sec. 39, 50 Stat. 718,
defined ''debenture'' and ''debentures'' as used in purchase, sale,
or use as security of debentures issued by or for benefit of
intermediate credit banks.
Section 1041, act July 17, 1916, ch. 245, title II, Sec. 203(a),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456;
amended Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164,
Sec. 6(a), 49 Stat. 315; Aug. 19, 1937, ch. 704, Sec. 27, 50 Stat.
715; July 26, 1956, ch. 741, title I, Sec. 104(f), 70 Stat. 664;
Oct. 4, 1965. Pub. L. 89-237, Sec. 1(b), 79 Stat. 922; June 18,
1968, Pub. L. 90-345, Sec. 1(a), 82 Stat. 182, empowered
intermediate credit banks to borrow money and issue and sell
collateral trust debentures. See section 2074 of this title.
Section 1042, act July 17, 1916, ch. 245, title II, Sec. 203(b),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456;
amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704,
Sec. 28, 50 Stat. 715; Sept. 20, 1966, Pub. L. 89-595, 80 Stat.
821, directed Farm Credit Administration to prescribe rules and
regulations governing collateral and handling thereof and to fix
interest rates.
Section 1043, act July 17, 1916, ch. 245, title II, Sec. 203(c),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456;
amended Ex. Ord. No. 6084, Mar. 27, 1933, prohibited assumption of
liability on debentures or other obligations issued pursuant to
former section 1041 of this title by the United States.
Section 1044, act July 17, 1916, ch. 245, title II, Sec. 203(d),
as added June 3, 1935, ch. 164, Sec. 6(b), 49 Stat. 315; amended
July 26, 1956, ch. 741, title I, Sec. 104(f), 70 Stat. 664,
authorized intermediate credit banks to issue and sell consolidated
debentures or other similar obligations.
Section 1045, act July 17, 1916, ch. 245, title II, Sec. 203(e),
as added June 3, 1935, ch. 164, Sec. 6(b), 49 Stat. 316; amended
July 26, 1956, ch. 741, title I, Sec. 104(f), 70 Stat. 664, covered
investment of fiduciary and trust funds in debentures and other
similar obligations of intermediate credit banks and security for
public deposits.
-CITE-
12 USC Discount Rates 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Discount Rates
.
-HEAD-
Discount Rates
-CITE-
12 USC Sec. 1051 to 1053 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Discount Rates
-HEAD-
Sec. 1051 to 1053. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1051, act July 17, 1916, ch. 245, title II, Sec. 204(a),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456;
amended Mar. 4, 1925, ch. 524, Sec. 2, 43 Stat. 1262; Ex. Ord. No.
6084, Mar. 27, 1933; June 3, 1935, ch. 164, Sec. 7, 49 Stat. 316;
July 26, 1956, ch. 741, title I, Sec. 104(d), 70 Stat. 664,
provided for discount rates to be charged by intermediate credit
banks. See section 2075 of this title.
Section 1052, act July 17, 1916, ch. 245, title II, Sec. 204(b),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456;
amended Ex. Ord. No. 6084, Mar. 27, 1933, placed a limitation on
interest rate charged original borrower on paper discounted with
bank.
Section 1053, act July 17, 1916, ch. 245, title II, Sec. 204(c),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456;
amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704,
Sec. 29, 50 Stat. 715, covered purchases by intermediate credit
banks of debentures or other similar obligations issued by or for
benefit of such bank or other intermediate credit banks.
-CITE-
12 USC Capital Stock and Participation Certificates 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Capital Stock and Participation Certificates
.
-HEAD-
Capital Stock and Participation Certificates
-CITE-
12 USC Sec. 1061, 1062 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Capital Stock and Participation Certificates
-HEAD-
Sec. 1061, 1062. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1061, act July 17, 1916, ch. 245, title II, Sec. 205, as
added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1457;
amended May 19, 1932, ch. 191, Sec. 2, 47 Stat. 159; Ex. Ord. No.
6084, Mar. 27, 1933; Jan. 31, 1934, ch. 7, Sec. 15(b), (c), 48
Stat. 348; July 26, 1956, ch. 741, title I, Sec. 102, 70 Stat. 660;
Oct. 4, 1965, Pub. L. 89-237, Sec. 1(c), 79 Stat. 922; June 18,
1968, Pub. L. 90-345, Sec. 1(b), 82 Stat. 183; Oct. 17, 1968, Pub.
L. 90-582, Sec. 1, 82 Stat. 1145, provided for classes of stock,
ownership, dividends, retirement of stock, liens, and participation
certificates of intermediate credit banks. See section 2073 of
this title.
Section 1062, act July 17, 1916, ch. 245, title II, Sec. 206(a),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1457;
amended Mar. 4, 1925, ch. 524, Sec. 1, 43 Stat. 1262, provided for
salaries and expenses of Federal Farm Loan Bureau and for
assessments against banks for proportionate share of expense.
-CITE-
12 USC Application of Earnings 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Application of Earnings
.
-HEAD-
Application of Earnings
-CITE-
12 USC Sec. 1072 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Application of Earnings
-HEAD-
Sec. 1072. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title II, Sec. 206(b), as
added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1457;
amended Mar. 4, 1925, ch. 524, Sec. 1, 43 Stat. 1262; May 19, 1932,
ch. 191, Sec. 3, 47 Stat. 1459; Aug. 19, 1937, ch. 704, Sec. 30, 50
Stat. 715; July 26, 1956, ch. 741, title I, Sec. 103, 70 Stat. 662;
Oct. 4, 1965, Pub. L. 89-237, Sec. 1(d), 79 Stat. 923; June 18,
1968, Pub. L. 90-345, Sec. 1(c), 82 Stat. 183, provided for
application of net earnings of intermediate credit banks. See
section 2077 of this title.
-CITE-
12 USC Liability on Debentures or Other Such Obligations 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Liability on Debentures or Other Such Obligations
.
-HEAD-
Liability on Debentures or Other Such Obligations
-CITE-
12 USC Sec. 1081 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Liability on Debentures or Other Such Obligations
-HEAD-
Sec. 1081. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title II, Sec. 207, as added
Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1458; amended May
19, 1932, ch. 191, Sec. 4, 47 Stat. 159; Ex. Ord. No. 6084, Mar.
27, 1933, covered liability of intermediate credit banks on
debentures or other such obligations. See section 2074 of this
title.
-CITE-
12 USC Examinations and Reports 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Examinations and Reports
.
-HEAD-
Examinations and Reports
-CITE-
12 USC Sec. 1091 to 1095 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Examinations and Reports
-HEAD-
Sec. 1091 to 1095. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a),
Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1091, act July 17, 1916, ch. 245, title II, Sec. 208(a),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1458;
amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704,
Sec. 20, 50 Stat. 710, authorized Comptroller of the Currency to
furnish reports of condition of banks and other lending
institutions rediscounting with intermediate credit banks and
covered examinations and audit of credit banks.
Section 1092, act July 17, 1916, ch. 245, title II, Sec. 208(b),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1458;
amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 2, 1966, Pub. L.
89-525, Sec. 3(b), 80 Stat. 334, authorized Farm Credit
Administration to require reports from intermediate credit banks.
Section 1093, act July 17, 1916, ch. 245, title II, Sec. 208(c),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1458;
amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704,
Sec. 20, 50 Stat. 710; Aug. 18, 1959, Pub. L. 86-168, title I, Sec.
104(g), 73 Stat. 387, covered investigations and reports by farm
credit appraisers and examiners.
Section 1094, act July 17, 1916, ch. 245, title II, Sec. 208(d),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1458;
amended Ex. Ord. No. 6084, Mar. 27, 1933, authorized assessment of
cost of investigations and examination against organization
investigated.
Section 1095, act July 17, 1916, ch. 245, title II, Sec. 208(e),
as added June 3, 1935, ch. 164, Sec. 8, 49 Stat. 316; amended Aug.
23, 1935, ch. 614, Sec. 203(a), 49 Stat. 704; Aug. 19, 1937, ch.
704, Sec. 31, 50 Stat. 716, provided for reports on condition of
institutions receiving loans or deposits.
-CITE-
12 USC Rules and Regulations 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Rules and Regulations
.
-HEAD-
Rules and Regulations
-CITE-
12 USC Sec. 1101 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Rules and Regulations
-HEAD-
Sec. 1101. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title II, Sec. 209, as added
Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459; amended Ex.
Ord. No. 6084, Mar. 27, 1933, authorized promulgation of rules and
regulations by Farm Credit Administration covering operation of
intermediate credit banks.
-CITE-
12 USC Tax Exemption 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Tax Exemption
.
-HEAD-
Tax Exemption
-CITE-
12 USC Sec. 1111 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Tax Exemption
-HEAD-
Sec. 1111. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title II, Sec. 210, as added
Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459, set out a
tax exemption for capital and income of intermediate credit banks
and provided that their debentures be deemed instrumentalities of
the government. See section 2079 of this title.
-CITE-
12 USC Penalty Provisions 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Penalty Provisions
.
-HEAD-
Penalty Provisions
-CITE-
12 USC Sec. 1121 to 1128 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Penalty Provisions
-HEAD-
Sec. 1121 to 1128. Repealed. June 25, 1948, ch. 645, Sec. 21, 62
Stat. 862, eff. Sept. 1, 1948
-MISC1-
Section 1121, act July 17, 1916, ch. 245, title II, Sec. 211(a),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459,
related to offenses by officers, employees, or agents. See
sections 657 and 1006 of Title 18, Crimes and Criminal Procedure.
Section 1122, act July 17, 1916, ch. 245, title II, Sec. 211(b),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459,
related to false statements to banks. See section 1014 of Title
18.
Section 1123, act July 17, 1916, ch. 245, title II, Sec. 211(c),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459,
related to overvaluation of property for loan purposes. See
section 1014 of Title 18.
Section 1124, act July 17, 1916, ch. 245, title II, Sec. 211(d),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459,
related to offenses by examiners. See sections 213, 1907, and 1909
of Title 18.
Section 1125, act July 17, 1916, ch. 245, title II, Sec. 211(e),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459,
related to offenses by officers, employees, and agents. See
section 215 of Title 18.
Section 1126, act July 17, 1916, ch. 245, title II, Sec. 211(f),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459,
related to forgery and counterfeiting offenses. See section 493 of
Title 18.
Section 1127, act July 17, 1916, ch. 245, title II, Sec. 211(g),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459,
related to false representations as to debentures, etc., of banks.
See section 1013 of Title 18.
Section 1128, act July 17, 1916, ch. 245, title II, Sec. 211(h),
as added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1459,
related to use of words ''Federal intermediate credit bank''. See
section 709 of Title 18.
-CITE-
12 USC Sec. 1129 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER III - FEDERAL INTERMEDIATE CREDIT BANKS
Penalty Provisions
-HEAD-
Sec. 1129. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act July 17, 1916, ch. 245, title II, Sec. 212, as added
Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1461, prohibited
unauthorized charging of fees or commissions by intermediate credit
banks.
-CITE-
12 USC SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
.
-HEAD-
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
-CITE-
12 USC Sec. 1131 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
-HEAD-
Sec. 1131. Repealed. Pub. L. 89-554, Sec. 8(a), Sept. 6, 1966, 80
Stat. 648
-MISC1-
Section, acts June 16, 1933, ch. 98, title I, Sec. 2, 48 Stat.
257; Aug. 19, 1937, ch. 704, Sec. 11, 50 Stat. 708, provided for
establishment of twelve Production Credit Corporations, their
locations and officers.
-CITE-
12 USC Sec. 1131a 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
-HEAD-
Sec. 1131a. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, act June 16, 1933, ch. 98, title I, Sec. 3, 48 Stat.
257, provided for the granting of a charter to the Production
Credit Corporation, and authorized the directors to adopt by-laws.
Section 3 of act June 16, 1933, was amended by act July 26, 1956,
ch. 741, title I, Sec. 105(b), 70 Stat. 665, to eliminate
provisions relating to the Production Credit Corporation. Section 3
of act June 16, 1933, was classified in its entirety to section
1134a of this title.
-CITE-
12 USC Sec. 1131a-1 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
-HEAD-
Sec. 1131a-1. Omitted
-COD-
CODIFICATION
Section, act June 4, 1956, ch. 355, title IV, 70 Stat. 240, which
related to availability of funds for administrative expenses, was
from the Department of Agriculture and Farm Credit Administration
Appropriation Act, 1957, and was not repeated in subsequent
appropriation acts.
-MISC3-
SIMILAR PROVISIONS
Similar provisions were contained in the following prior
appropriation acts:
May 23, 1955, ch. 43, title IV, 69 Stat. 62.
June 29, 1954, ch. 409, title IV, 68 Stat. 318.
July 28, 1953, ch. 251, title II, 67 Stat. 222.
July 5, 1952, ch. 574, title II, 66 Stat. 353.
Aug. 31, 1951, ch. 374, title III, 65 Stat. 244.
Sept. 6, 1950, ch. 896, Ch. VI, title II, 64 Stat. 678.
June 29, 1949, ch. 280, title II, 63 Stat. 346, 347.
-CITE-
12 USC Sec. 1131b 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
-HEAD-
Sec. 1131b. Repealed. July 26, 1956, ch. 741, title I, Sec. 105(c),
70 Stat. 665
-MISC1-
Section, act June 16, 1933, ch. 98, title I, Sec. 4, 48 Stat.
257, provided for capital stock of Production Credit Corporations,
value of shares, amount and subscription for initial stock, and
payments for stock subscribed on behalf of the United States.
-CITE-
12 USC Sec. 1131c 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
-HEAD-
Sec. 1131c. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, acts June 16, 1933, ch. 98, title I, Sec. 6, 48 Stat.
259; Aug. 6, 1953, ch. 335, Sec. 11, 67 Stat. 395; July 26, 1956,
ch. 741, title I, Sec. 105(e), 70 Stat. 665; Oct. 17, 1968, Pub. L.
90-582, Sec. 2(a), 82 Stat. 1145, covered purchase of stock of
production credit associations and payment, retirement, and
cancellation of stock. See section 2094 of this title.
-CITE-
12 USC Production Credit Associations 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
Production Credit Associations
.
-HEAD-
Production Credit Associations
-CITE-
12 USC Sec. 1131d to 1131g 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
Production Credit Associations
-HEAD-
Sec. 1131d to 1131g. Repealed. Pub. L. 92-181, title V, Sec.
5.26(a), Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1131d, acts June 16, 1933, ch. 98, title II, Sec. 20, 48
Stat. 259; July 26, 1956, ch. 741, title I, Sec. 105(f), 70 Stat.
665, authorized organization of production credit associations and
provided for charters, bylaws, powers of governor, and other powers
of such associations. See section 2093 of this title.
Section 1131e, acts June 16, 1933, ch. 98, title II, Sec. 21, 48
Stat. 260; Aug. 11, 1955, ch. 785, title II, Sec. 201, 69 Stat.
663; July 26, 1956, ch. 741, title I, Sec. 105(g), 70 Stat. 665,
provided for capital stock of production credit associations and
its value, classes, voting rights, limitations on transfer,
exchange, and dividends. See section 2094 of this title.
Section 1131e-1, acts Aug. 6, 1953, ch. 335, Sec. 16, 67 Stat.
399; July 26, 1956, ch. 741, title I, Sec. 107(b), 70 Stat. 666;
Oct. 17, 1968, Pub. L. 90-582, Sec. 2(b), 82 Stat. 1145, provided
for issuance of class C stock for production credit associations
and conditions, privileges, restrictions, limitations, and
qualifications placed on such stock.
Section 1131f, acts June 16, 1933, ch. 98, title II, Sec. 22, 48
Stat. 261; Aug. 11, 1955, ch. 785, title II, Sec. 202, 69 Stat.
663; July 26, 1956, ch. 741, title I, Sec. 105(h), 70 Stat. 665;
Oct. 3, 1961, Pub. L. 87-343, Sec. 2(2), 75 Stat. 758; Oct. 4,
1965, Pub. L. 89-237, Sec. 2(a), 78 Stat. 924, covered application
of earnings of production credit associations and restoration of
capital, impairment, surplus account, distribution of earnings, and
allocation on a patronage basis. See section 2095 of this title.
Section 1131g, acts June 16, 1933, ch. 98, title II, Sec. 23, 48
Stat. 261; Aug. 11, 1955, ch. 785, title II, Sec. 204, 69 Stat.
663; July 26, 1956, ch. 741, title I, Sec. 105(i), 70 Stat. 665;
Oct. 4, 1965, Pub. L. 89-237, Sec. 2(b), 79 Stat. 924; Dec. 15,
1967, Pub. L. 90-204, Sec. 3(a), 81 Stat. 612; June 18, 1968, Pub.
L. 90-345, Sec. 2, 82 Stat. 183, authorized loans to farmers by
production credit associations, terms and conditions, rates of
interest, security, limitations on indebtedness, ownership of
stock, and investments in equity reserve. See section 2096 of this
title.
-CITE-
12 USC Sec. 1131g-1 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
Production Credit Associations
-HEAD-
Sec. 1131g-1. Repealed. July 26, 1956, ch. 741, title I, Sec.
105(q), 70 Stat. 666
-MISC1-
Section, act June 16, 1933, ch. 98, title VIII, Sec. 86a, as
added June 27, 1934, ch. 847, title V, Sec. 504, 48 Stat. 1263,
which was formerly designated section 1131gg of this title,
authorized production credit associations to make loans to farmers
for home alterations, repairs and improvements without purchase of
class B stock, and permitted associations to sell, discount,
assign, or otherwise dispose of such loans.
-CITE-
12 USC Sec. 1131g-2, 1131h 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
Production Credit Associations
-HEAD-
Sec. 1131g-2, 1131h. Repealed. Pub. L. 92-181, title V, Sec.
5.26(a), Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1131g-2, acts June 18, 1934, ch. 574, 48 Stat. 983; June
3, 1935, ch. 164, Sec. 17(c), 49 Stat. 318, provided for loans to
oyster planters and purchase and discount of paper by intermediate
credit banks.
Section 1131h, act June 16, 1933, ch. 98, title II, Sec. 24, 48
Stat. 261, covered borrowing from and rediscounting paper with
intermediate credit banks and limitations on power to borrow from
or rediscount paper with other institutions.
-CITE-
12 USC Revolving Fund 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
Revolving Fund
.
-HEAD-
Revolving Fund
-CITE-
12 USC Sec. 1131i 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
Revolving Fund
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Sec. 1131i. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
-MISC1-
Section, acts June 16, 1933, ch. 98, title I, Sec. 5, 48 Stat.
258; Jan. 31, 1934, ch. 7, Sec. 14, 15(a), 48 Stat. 348; July 26,
1956, ch. 741, title I, Sec. 105(d), 70 Stat. 665; Oct. 3, 1961,
Pub. L. 87-343, Sec. 2(1), 75 Stat. 758, provided for a revolving
fund for investment in production credit association and
intermediate credit banks. See Revolving Funds note under section
2152 of this title.
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12 USC Sec. 1131j 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER IV - PRODUCTION CREDIT ASSOCIATIONS
Revolving Fund
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Sec. 1131j. Transferred
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CODIFICATION
Section, acts June 18, 1934, ch. 574, 48 Stat. 983; June 3, 1935,
ch. 164, Sec. 17(c), 49 Stat. 318, transferred to section 1131g-2
of this title.
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12 USC SUBCHAPTER V - REGIONAL BANKS FOR COOPERATIVES AND
CENTRAL BANK FOR COOPERATIVES 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER V - REGIONAL BANKS FOR COOPERATIVES AND CENTRAL BANK FOR
COOPERATIVES
.
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SUBCHAPTER V - REGIONAL BANKS FOR COOPERATIVES AND CENTRAL BANK FOR
COOPERATIVES
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12 USC Regional Banks 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER V - REGIONAL BANKS FOR COOPERATIVES AND CENTRAL BANK FOR
COOPERATIVES
Regional Banks
.
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Regional Banks
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12 USC Sec. 1134 to 1134e 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER V - REGIONAL BANKS FOR COOPERATIVES AND CENTRAL BANK FOR
COOPERATIVES
Regional Banks
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Sec. 1134 to 1134e. Repealed. Pub. L. 92-181, title V, Sec.
5.26(a), Dec. 10, 1971, 85 Stat. 624
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Section 1134, acts June 16, 1933, ch. 98 title I, Sec. 2, 48
Stat. 257; Aug. 19, 1937, ch. 704, Sec. 11, 50 Stat. 708; July 26,
1956, ch. 741, title I, Sec. 105(a), 70 Stat. 664, authorized
creation of regional banks for cooperatives and establishment of
boards of directors of such banks. See section 2121 of this title.
Section 1134a, acts June 16, 1933, ch. 98, title I, Sec. 3, 48
Stat. 257; July 26, 1956, ch. 741, title I, Sec. 105(b), 70 Stat.
665, provided for charters and bylaws for banks for cooperatives.
See section 2121 of this title.
Section 1134b, act June 16, 1933, ch. 98, title IV, Sec. 40, 48
Stat. 264, provided for capital stock of banks for cooperatives and
its amounts, value, and payments. See section 2124 of this title.
Section 1134c, acts June 16, 1933, ch. 98, title IV, Sec. 41, 48
Stat. 264; June 3, 1935, ch. 164, Sec. 14, 49 Stat. 317; Aug. 19,
1937, ch. 704, Sec. 36, 50 Stat. 717; Oct. 31, 1949, ch. 792, title
IV, Sec. 417(a), 63 Stat. 1058; Aug. 11, 1955, ch. 785, title I,
Sec. 107, 69 Stat. 662; July 26, 1956, ch. 741, title I, Sec.
105(k), 70 Stat. 665; Aug. 2, 1966, Pub. L. 89-525, Sec. 4(a), 80
Stat. 334; Dec. 15, 1967, Pub. L. 90-204, Sec. 3(b), 81 Stat. 612,
covered lending powers of banks for cooperatives. See section 2122
of this title.
Section 1134d, acts June 16, 1933, ch. 98, title IV, Sec. 42, 48
Stat. 264; Aug. 6, 1953, ch. 335, Sec. 13, 67 Stat. 396; Aug. 11,
1955, ch. 785, title I, Sec. 101, 69 Stat. 655, provided for stock
of banks for cooperatives. See section 2124 of this title.
Section 1134e, acts June 16, 1933, ch. 98, title IV, Sec. 43, 48
Stat. 265; Oct. 17, 1968, Pub. L. 90-582, Sec. 3, 82 Stat. 1145,
provided for retirement of stock in banks for cooperatives held by
the government. See section 2126 of this title.
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12 USC Central Bank 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER V - REGIONAL BANKS FOR COOPERATIVES AND CENTRAL BANK FOR
COOPERATIVES
Central Bank
.
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Central Bank
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12 USC Sec. 1134f to 1134m 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER V - REGIONAL BANKS FOR COOPERATIVES AND CENTRAL BANK FOR
COOPERATIVES
Central Bank
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Sec. 1134f to 1134m. Repealed. Pub. L. 92-181, title V, Sec.
5.26(a), Dec. 10, 1971, 85 Stat. 624
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Section 1134f, act June 16, 1933, ch. 98, title III, Sec. 30, 48
Stat. 261, authorized the creation of a central bank for
cooperatives. See section 2121 of this title.
Section 1134g, acts June 16, 1933, ch. 98, title III, Sec. 31, 48
Stat. 262; Aug. 11, 1955, ch. 785, title I, Sec. 104, 69 Stat. 659;
June 11, 1960, Pub. L. 86-503, Sec. 1 (part), 74 Stat. 197,
provided for a board of directors for central bank for
cooperatives. See section 2123 of this title.
Section 1134h, acts June 16, 1933, ch. 98, title III, Sec. 32, 48
Stat. 262; Aug. 11, 1955, ch. 785, title I, Sec. 105, 69 Stat. 661,
set out powers of board of directors for central bank for
cooperative. See section 2123 of this title.
Section 1134i, acts June 16, 1933, ch. 98, title III, Sec. 33, 48
Stat. 262; Aug. 11, 1955, ch. 785, title I, Sec. 108(a), 69 Stat.
662, provided for capital stock of central bank for cooperatives.
See section 2124 of this title.
Section 1134j, acts June 16, 1933, ch. 98, title III, Sec. 34,
38, 48 Stat. 262, 264; June 3, 1935, ch. 164, Sec. 13, 49 Stat.
317; Aug. 19, 1937, ch. 704, Sec. 35, 50 Stat. 716; Oct. 31, 1949,
ch. 792, title IV, Sec. 417(b), 63 Stat. 1059; Aug. 11, 1955, ch.
785, title I, Sec. 106, 108(b), 69 Stat. 661, 662; July 26, 1956,
ch. 741, title I, Sec. 105(j), 70 Stat. 665; Aug. 2, 1966, Pub. L.
89-525, Sec. 4(a), 80 Stat. 334; Dec. 15, 1967, Pub. L. 90-204,
Sec. 3(b), 81 Stat. 612, authorized central bank to make loans and
provided for prevention of duplication of effort on part of central
bank and banks for cooperatives. See section 2122 of this title.
Section 1134k, acts June 16, 1933, ch. 98, title III, Sec. 35, 48
Stat. 263; June 3, 1935, ch. 164, Sec. 15, 49 Stat. 318; Aug. 11,
1955, ch. 785, title I, Sec. 102, 69 Stat. 658, made regional bank
stock provisions applicable to ownership of stock by central bank
borrowers and provided for payments for such stock. See section
2130 of this title.
Section 1134l, acts June 16, 1933, ch. 98, title III, Sec. 36, 48
Stat. 263; Aug. 6, 1953, ch. 335, Sec. 12, 67 Stat. 395; Aug. 11,
1955, ch. 785, title I, Sec. 103(a), 69 Stat. 658; Oct. 3, 1961,
Pub. L. 87-343, Sec. 2(3), 75 Stat. 758; Aug. 31, 1964, Pub. L.
88-528, 78 Stat. 736, provided for disposition of earnings and
maintenance of reserves of central bank. See section 2132 of this
title.
Section 1134m, acts June 16, 1933, ch. 98, title III, Sec. 37, 48
Stat. 263; Aug. 23, 1954, ch. 834, Sec. 1, 68 Stat. 770, covered
debentures, amount of such debentures, security, preparation, and
issuance of such debentures, and consolidated debentures of central
and regional banks for cooperatives. See section 2153 of this
title.
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12 USC SUBCHAPTER VI - PROVISIONS COMMON TO PRODUCTION
CREDIT ASSOCIATIONS, AND REGIONAL AND
CENTRAL BANKS FOR COOPERATIVES 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER VI - PROVISIONS COMMON TO PRODUCTION CREDIT
ASSOCIATIONS, AND REGIONAL AND CENTRAL BANKS FOR COOPERATIVES
.
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SUBCHAPTER VI - PROVISIONS COMMON TO PRODUCTION CREDIT
ASSOCIATIONS, AND REGIONAL AND CENTRAL BANKS FOR COOPERATIVES
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12 USC Sec. 1138 to 1138c 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER VI - PROVISIONS COMMON TO PRODUCTION CREDIT
ASSOCIATIONS, AND REGIONAL AND CENTRAL BANKS FOR COOPERATIVES
-HEAD-
Sec. 1138 to 1138c. Repealed. Pub. L. 92-181, title V, Sec.
5.26(a), Dec. 10, 1971, 85 Stat. 624
-MISC1-
Section 1138, acts June 16, 1933, ch. 98, title VI, Sec. 60, 48
Stat. 266; Aug. 19, 1937, ch. 704, Sec. 5(a), 50 Stat. 704; July
26, 1956, ch. 741, title I, Sec. 105(l), 70 Stat. 666, set out
general corporate powers common to banks for cooperatives and
production credit associations. See sections 2093 and 2122 of this
title.
Section 1138a, acts June 16, 1933, ch. 98, title VI, Sec. 61, 48
Stat. 267; July 26, 1956, ch. 741, title I, Sec. 105(m), 70 Stat.
666, provided for examination of parts of farm credit system by
examiners of Farm Credit Administration. See section 2254 of this
title.
Section 1138b, acts June 16, 1933, ch. 98, title VI, Sec. 62, 48
Stat. 267; Jan. 31, 1934, ch. 7, Sec. 11, 48 Stat. 347; July 26,
1956, ch. 741, title I, Sec. 105(n), 70 Stat. 666; Oct. 4, 1961,
Pub. L. 87-353, Sec. 3(j), 75 Stat. 774, gave designated parts of
farm credit system authority to act as fiscal agents of United
States.
Section 1138c, acts June 16, 1933, ch. 98, title VI, Sec. 63, 48
Stat. 267, Aug. 11, 1955, ch. 785, title II, Sec. 205, 69 Stat.
663; July 26, 1956, ch. 741, title I, Sec. 105(o), 70 Stat. 666,
provided that obligations of banks for cooperatives and production
credit associations be deemed instrumentalities of United States
and provided for termination of tax exemption after retirement of
government-owned stock. See sections 2098 and 2134 of this title.
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12 USC Sec. 1138d 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER VI - PROVISIONS COMMON TO PRODUCTION CREDIT
ASSOCIATIONS, AND REGIONAL AND CENTRAL BANKS FOR COOPERATIVES
-HEAD-
Sec. 1138d. Repealed. June 25, 1948, ch. 645, Sec. 21, 62 Stat.
862, eff. Sept. 1, 1948
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Section, acts June 16, 1933, ch. 98, title VI, Sec. 64, 48 Stat.
267; Jan. 31, 1934, ch. 7, Sec. 13, 48 Stat. 347, related to
offenses and penalties. See sections 371, 433, 493, 657, 658,
1006, and 1014 of Title 18, Crimes and Criminal Procedure.
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12 USC Sec. 1138e 01/06/03
-EXPCITE-
TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER VI - PROVISIONS COMMON TO PRODUCTION CREDIT
ASSOCIATIONS, AND REGIONAL AND CENTRAL BANKS FOR COOPERATIVES
-HEAD-
Sec. 1138e. Repealed. Pub. L. 92-181, title V, Sec. 5.26(a), Dec.
10, 1971, 85 Stat. 624
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Section, acts June 16, 1933, ch. 98, title VI, Sec. 65, 48 Stat.
269; Aug. 11, 1955, ch. 785, title I, Sec. 110(a), 69 Stat. 662;
July 26, 1956, ch. 741, title I, Sec. 105(p), 70 Stat. 666,
provided for receivership and voluntary liquidation for production
credit associations and banks for cooperatives. See section 2183
of this title.
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12 USC Sec. 1138f 01/06/03
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TITLE 12 - BANKS AND BANKING
CHAPTER 7 - FARM CREDIT ADMINISTRATION
SUBCHAPTER VI - PROVISIONS COMMON TO PRODUCTION CREDIT
ASSOCIATIONS, AND REGIONAL AND CENTRAL BANKS FOR COOPERATIVES
-HEAD-
Sec. 1138f. Repealed. Aug. 11, 1955, ch. 785, title I, Sec. 110(b),
69 Stat. 662
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Section, acts June 16, 1938, ch. 98, title VI, Sec. 66, 48 Stat.
269; Oct. 28, 1949, ch. 782, title XII, Sec. 1201, 63 Stat. 972;
Oct. 24, 1951, ch. 554, Sec. 3, 65 Stat. 614; June 28, 1955, ch.
189, Sec. 5, 69 Stat. 178, limited to $14,620 per annum
compensation which could be paid directors, officers, or employees
of banks for cooperatives, production credit corporations, and
production credit associations.
EFFECTIVE DATE OF REPEAL
Repeal effective on first day of month next following 120 days
after Aug. 11, 1955, see section 112 of act Aug. 11, 1955.
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| Enviado por: | El remitente no desea revelar su nombre |
| Idioma: | inglés |
| País: | Estados Unidos |
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