12 U.S. Code Chapter 23 - FARM CREDIT SYSTEM
- § 2001. Congressional declaration of policy and objectives
- § 2002. Farm Credit System
- SUBCHAPTER I—FARM CREDIT BANKS (§§ 2011–2023)
- SUBCHAPTER II—FARM CREDIT ASSOCIATIONS (§§ 2071–2098)
- SUBCHAPTER III—BANKS FOR COOPERATIVES (§§ 2121–2149a)
- SUBCHAPTER IV—PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM (§§ 2151–2219e)
- SUBCHAPTER V—FARM CREDIT ADMINISTRATION ORGANIZATION (§§ 2221–2277a14)
- SUBCHAPTER VI—ASSISTANCE TO FARM CREDIT SYSTEM (§§ 2278a–2278b11)
- SUBCHAPTER VII—RESTRUCTURING OF SYSTEM INSTITUTIONS (§§ 2279a–2279g)
- SUBCHAPTER VIII—AGRICULTURAL MORTGAGE SECONDARY MARKET (§§ 2279aa–2279cc)
2071. Organization and charters. 2072. Board of directors. 2073. General corporate powers. 2074. Production credit association capitalization. 2075. Short- and intermediate-term loans; participation; other financial assistance; terms; conditions; interest; security. 2076. Other services. 2076a. Liens on stock. 2077. Taxation.
2091. Organizations; articles; charters; powers of the Farm Credit Administration. 2092. Board of directors. 2093. General corporate powers. 2094. Federal land bank association capitalization. 2095. Repealed. 2096. Agreements for sharing gains or losses. 2097. Liens on stock. 2098. Taxation. SUBCHAPTER III—BANKS FOR COOPERATIVES
2121. Establishment; titles; branches. 2122. Corporate existence; general corporate powers. 2123. Board of directors. 2124. Stock of banks for cooperatives. 2125. Dividends. 2126. Retirement of stock. 2127. Guaranty fund subscriptions in lieu of stock. 2128. Loans, commitments, and technical and financial assistance. 2129. Eligibility. 2130. Ownership of stock by borrowers. 2131. Loans. 2132. Earnings and reserves; application of savings. 2133. Distribution of assets on liquidation or dissolution. 2134. Taxation.
2141. Charter, powers, and operation. 2142. Board of directors provisions. 2143. Credit delivery office. 2144. Consolidation of functions. 2145. Exchange of ownership interests. 2146. Capitalization. 2147. Patronage pools. 2148. Transactions to accomplish merger. 2149. Lending limits. 2149a. Reports by merged banks for cooperatives. SUBCHAPTER IV—PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM
2151. Revolving fund. 2152. Repealed. 2153. Power to borrow; issuance of notes, bonds, debentures, and other obligations. 2154. Capital adequacy of banks and institutions. 2154a. Capitalization of System institutions. 2155. Liability of banks; United States not liable. 2156. Repealed. 2157. Bonds as investments. 2158. Purchase and sale by Federal Reserve System. 2159. Purchase and sale of obligations; additional powers. 2160. Federal Farm Credit Banks Funding Corporation. 2161. Repealed. 2162. Protection of borrower stock.
2181, 2182. Repealed. 2183. Dissolution; voluntary or involuntary liquidation; mergers; receiverships or conservators. 2184. Communications with stockholders.
2199. Disclosure. 2200. Access to documents and information. 2201. Notice of action on application. 2202. Reconsideration of actions. 2202a. Restructuring distressed loans. 2202b. Effect of restructuring on borrower stock. 2202c. Review of restructuring denials. 2202d. Protection of borrowers who meet all loan obligations. 2202e. Waiver of mediation rights by borrowers.
2203. Nomination of association directors; representative selection of nominees. 2204. Repealed. 2205. Interest rates. 2206. Participation loans. 2206a. Authority of Farm Credit Banks and direct lender associations to participate in loans to similar entities for risk management purposes. 2207. Young, beginning, and small farmers and ranchers. 2208. Prohibition against use of signed ballots. 2209. Compensation of bank directors.
2211. Establishment. 2212. Powers of Farm Credit Administration. 2213. Regulation and examination. 2214. State laws. 2214a. “Bank” defined.
2216 to 2216k. Repealed.
2218. Lines of insurance.
2219. Limitation on separate sale. 2219a. Right of first refusal. 2219b. Application of uninsured accounts. 2219c. Affirmative action. 2219d. Encouragement of conservation practices. 2219e. Liability for making criminal referrals. SUBCHAPTER V—FARM CREDIT ADMINISTRATION ORGANIZATION
2221 to 2227. Transferred or Repealed.
2241. Farm Credit Administration. 2242. Farm Credit Administration Board. 2243. Powers of Board. 2244. Chairman; responsibilities; governing standards. 2245. Organization of Farm Credit Administration. 2246. Advisory committees. 2247. Repealed. 2248. Seal of the Farm Credit Administration. 2249. Administrative expenses. 2250. Farm Credit Administration operating expenses fund. 2251. Quarters and facilities for the Farm Credit Administration. 2252. Powers and duties. 2253. Prior delegations. 2254. Examinations. 2255. Conditions of other banks and lending institutions. 2256. Consent to the availability of reports and to examinations. 2257. Reports on conditions of institutions receiving loans or deposits. 2257a. Uniform financial reporting instructions. 2258. Jurisdiction. 2259. State legislation. 2260. Transferred.
2261. Cease and desist proceedings. 2262. Temporary cease and desist orders. 2263. Enforcement of temporary cease and desist orders. 2264. Suspension or removal of director or officer. 2265. Suspension or removal of director or officer charged with felony. 2266. Hearings and judicial review. 2267. Jurisdiction and enforcement. 2268. Penalty. 2269. Further penalties. 2270. Replacement of suspended or removed directors. 2271. Definitions. 2272. Notice of service. 2273. Ancillary provisions; subpena power; etc. 2274. Power to remove directors and officers.
2275. Government Accountability Office audit; report to Congress. 2275a. Transition rules relating to amendment of certain FCA approval authorities. 2276. Access to and examination by Comptroller General of books, documents, etc., of farm credit system banks and institutions.
2277a. Definitions. 2277a–1. Establishment of Farm Credit System Insurance Corporation. 2277a–2. Board of Directors. 2277a–3. Commencement of insurance. 2277a–4. Premiums. 2277a–5. Certification of premiums. 2277a–6. Overpayment and underpayment of premiums; remedies. 2277a–7. General corporate powers. 2277a–8. Conduct of corporate affairs; examination of System institutions. 2277a–9. Insurance Fund. 2277a–10. Powers of Corporation with respect to troubled insured System banks. 2277a–10a. Oversight actions by Corporation. 2277a–10b. Authority to regulate golden parachute and indemnification payments. 2277a–11. Investment of funds. 2277a–12. Exemption from taxation. 2277a–13. Omitted. 2277a–14. Prohibitions. SUBCHAPTER VI—ASSISTANCE TO FARM CREDIT SYSTEM
2278a. Establishment of Board. 2278a–1. Purposes. 2278a–2. Board of Directors. 2278a–3. Corporate powers. 2278a–4. Certification of eligibility to issue preferred stock. 2278a–5. Assistance. 2278a–6. Special powers. 2278a–7. Administration. 2278a–8. Limitation of powers. 2278a–9. Succession. 2278a–10. Effect of regulations; audits. 2278a–11. Exemption from taxation. 2278a–12. Termination. 2278a–13. Transitional provisions.
2278b. Establishment of Corporation. 2278b–1. Purpose. 2278b–2. Board of Directors. 2278b–3. Stock. 2278b–4. Corporate powers. 2278b–5. Accounts. 2278b–6. Debt obligations. 2278b–7. Preferred stock. 2278b–8. Payments. 2278b–9. One-time stock purchase. 2278b–10. Exemption from taxation. 2278b–11. Termination. SUBCHAPTER VII—RESTRUCTURING OF SYSTEM INSTITUTIONS
2279a. Power to merge. 2279a–1. Board of directors. 2279a–2. Powers of merged banks. 2279a–3. Capitalization. 2279a–4, 2279a–5. Repealed or Transferred.
2279b. Transfer of lending authority. 2279c. Equalization of loan-making powers of certain district associations.
2279c–1. Merger of associations.
2279d. Termination of System institution status.
2279e. Approval of disclosure information and issuance of charters.
2279f. Merger of similar banks. 2279f–1. Merger of similar associations.
2279g. Transactions to accomplish mergers exempt from certain State taxes. SUBCHAPTER VIII—AGRICULTURAL MORTGAGE SECONDARY MARKET 2279aa. Definitions.
2279aa–1. Federal Agricultural Mortgage Corporation. 2279aa–2. Board of directors. 2279aa–3. Powers and duties of Corporation and Board. 2279aa–4. Stock issuance. 2279aa–5. Certification of agricultural mortgage marketing facilities. 2279aa–6. Guarantee of qualified loans. 2279aa–7. Repealed. 2279aa–8. Standards for qualified loans. 2279aa–9. Exemption from restructuring and borrowers rights provisions for pooled loans. 2279aa–10. Funding for guarantee; reserves of Corporation. 2279aa–11. Supervision, examination, and report of condition. 2279aa–12. Securities in credit enhanced pools. 2279aa–13. Authority to issue obligations to cover guarantee losses of Corporation. 2279aa–14. Federal jurisdiction.
2279bb. Definitions. 2279bb–1. Risk-based capital levels. 2279bb–2. Minimum capital level. 2279bb–3. Critical capital level. 2279bb–4. Enforcement levels. 2279bb–5. Mandatory actions applicable to level II. 2279bb–6. Supervisory actions applicable to level III. 2297bb–7. Recapitalization of Corporation.
2279cc. Conservatorship; liquidation; receivership.
The table below lists the classification updates, since Jan. 3, 2012, for the contained sections. If there are multiple sections, they are presented in section number order (original document order).
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
|12 USC||Description of Change||Session Year||Public Law||Statutes at Large|
|§ 2252||nt new||2014||113-79 [Sec.] 5404||128 Stat. 840|