12 U.S. Code § 2289 - General powers
General powersThe Bank shall have power—
to adopt, amend, and repeal bylaws, rules, and regulations as may be necessary for the conduct of its business;
to conduct its business, carry on its operations, and have offices and exercise the powers granted by this chapter in any State without regard to any qualification or similar statute in any State;
to enter into contracts, to execute instruments to incur liabilities, and to do all things as are necessary or incidental to the proper management of its affairs and the proper conduct of its business;
to determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed, and paid, subject to provisions of law specifically applicable to Government corporations.
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