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TITLE 12 > CHAPTER 23

CHAPTER 23 - FARM CREDIT SYSTEM

  • Sec. 2001. Congressional declaration of policy and objectives
  • Sec. 2002. Farm Credit System
  • Sec. 2011. Establishment, charters, titles, branches
  • Sec. 2012. Board of directors
  • Sec. 2013. General corporate powers
  • Sec. 2014. Farm Credit Bank capitalization
  • Sec. 2015. Lending authority
  • Sec. 2016. Interest rates and other charges
  • Sec. 2017. Eligibility
  • Sec. 2018. Security; terms
  • Sec. 2019. Purposes for extensions of credit
  • Sec. 2020. Related services
  • Sec. 2021. Loans through associations or agents
  • Sec. 2022. Liens on stock
  • Sec. 2023. Taxation
  • Sec. 2071. Organization and charters
  • Sec. 2072. Board of directors
  • Sec. 2073. General corporate powers
  • Sec. 2074. Production credit association capitalization
  • Sec. 2075. Short- and intermediate-term loans; participation; other financial assistance; terms; conditions; interest; security
  • Sec. 2076. Other services
  • Sec. 2076a. Liens on stock
  • Sec. 2077. Taxation
  • Sec. 2091. Organizations; articles; charters; powers of the Farm Credit Administration
  • Sec. 2092. Board of directors
  • Sec. 2093. General corporate powers
  • Sec. 2094. Federal land bank association capitalization
  • Sec. 2095. Repealed. Pub. L. 100-399, title IV, Sec. 401v, Aug. 17, 1988, 102 Stat. 999
  • Sec. 2096. Agreements for sharing gains or losses
  • Sec. 2097. Liens on stock
  • Sec. 2098. Taxation
  • Sec. 2121. Establishment; titles; branches
  • Sec. 2122. Corporate existence; general corporate powers
  • Sec. 2123. Board of directors
  • Sec. 2124. Stock of banks for cooperatives
  • Sec. 2125. Dividends
  • Sec. 2126. Retirement of stock
  • Sec. 2127. Guaranty fund subscriptions in lieu of stock
  • Sec. 2128. Loans, commitments, and technical and financial assistance
  • Sec. 2129. Eligibility
  • Sec. 2130. Ownership of stock by borrowers
  • Sec. 2131. Loans
  • Sec. 2132. Earnings and reserves; application of savings
  • Sec. 2133. Distribution of assets on liquidation or dissolution
  • Sec. 2134. Taxation
  • Sec. 2141. Charter, powers, and operation
  • Sec. 2142. Board of directors provisions
  • Sec. 2143. Credit delivery office
  • Sec. 2144. Consolidation of functions
  • Sec. 2145. Exchange of ownership interests
  • Sec. 2146. Capitalization
  • Sec. 2147. Patronage pools
  • Sec. 2148. Transactions to accomplish merger
  • Sec. 2149. Lending limits
  • Sec. 2149a. Reports by merged banks for cooperatives
  • Sec. 2151. Revolving fund
  • Sec. 2152. Repealed. Pub. L. 100-233, title II, Sec. 207a1, Jan. 6, 1988, 101 Stat. 1607
  • Sec. 2153. Power to borrow; issuance of notes, bonds, debentures, and other obligations
  • Sec. 2154. Capital adequacy of banks and institutions
  • Sec. 2154a. Capitalization of System institutions
  • Sec. 2155. Liability of banks; United States not liable
  • Sec. 2156. Repealed. Pub. L. 100-233, title II, Sec. 204b, Jan. 6, 1988, 101 Stat. 1607
  • Sec. 2157. Bonds as investments
  • Sec. 2158. Purchase and sale by Federal Reserve System
  • Sec. 2159. Purchase and sale of obligations; additional powers
  • Sec. 2160. Federal Farm Credit Banks Funding Corporation
  • Sec. 2161. Repealed. Pub. L. 100-399, title I, Sec. 101a, Aug. 17, 1988, 102 Stat. 989
  • Sec. 2162. Protection of borrower stock
  • Sec. 2181, 2182. Repealed. Pub. L. 100-233, title IV, Sec. 418a2, 3, formerly Sec. 415a2, 3, Jan. 6, 1988, 101 Stat. 1653; renumbered Sec. 418a2, 3, Pub. L. 100-399, title IV, Sec. 409a, Aug. 17, 1988, 102 Stat. 1003
  • Sec. 2183. Dissolution; voluntary or involuntary liquidation; mergers; receiverships or conservators
  • Sec. 2184. Communications with stockholders
  • Sec. 2199. Disclosure
  • Sec. 2200. Access to documents and information
  • Sec. 2201. Notice of action on application
  • Sec. 2202. Reconsideration of actions
  • Sec. 2202a. Restructuring distressed loans
  • Sec. 2202b. Effect of restructuring on borrower stock
  • Sec. 2202c. Review of restructuring denials
  • Sec. 2202d. Protection of borrowers who meet all loan obligations
  • Sec. 2202e. Waiver of mediation rights by borrowers
  • Sec. 2203. Nomination of association directors; representative selection of nominees
  • Sec. 2204. Repealed. Pub. L. 102-552, title V, Sec. 508, Oct. 28, 1992, 106 Stat. 4132
  • Sec. 2205. Interest rates
  • Sec. 2206. Participation loans
  • Sec. 2206a. Authority of Farm Credit Banks and direct lender associations to participate in loans to similar entities for risk management purposes
  • Sec. 2207. Young, beginning, and small farmers and ranchers
  • Sec. 2208. Prohibition against use of signed ballots
  • Sec. 2209. Compensation of bank directors
  • Sec. 2211. Establishment
  • Sec. 2212. Powers of Farm Credit Administration
  • Sec. 2213. Regulation and examination
  • Sec. 2214. State laws
  • Sec. 2214a. ''Bank'' defined
  • Sec. 2216 to 2216k. Repealed. Pub. L. 100-233, title II, Sec. 207a3, Jan. 6, 1988, 101 Stat. 1607
  • Sec. 2218. Lines of insurance
  • Sec. 2219. Limitation on separate sale
  • Sec. 2219a. Right of first refusal
  • Sec. 2219b. Application of uninsured accounts
  • Sec. 2219c. Affirmative action
  • Sec. 2219d. Encouragement of conservation practices
  • Sec. 2219e. Liability for making criminal referrals
  • Sec. 2221. Transferred
  • Sec. 2222 to 2227. Repealed. Pub. L. 100-399, title IV, Sec. 409d, Aug. 17, 1988, 102 Stat. 1003
  • Sec. 2241. Farm Credit Administration
  • Sec. 2242. Farm Credit Administration Board
  • Sec. 2243. Powers of Board
  • Sec. 2244. Chairman; responsibilities; governing standards
  • Sec. 2245. Organization of Farm Credit Administration
  • Sec. 2246. Advisory committees
  • Sec. 2247. Repealed. Pub. L. 99-205, title II, Sec. 2012, Dec. 23, 1985, 99 Stat. 1690
  • Sec. 2248. Seal of the Farm Credit Administration
  • Sec. 2249. Administrative expenses
  • Sec. 2250. Farm Credit Administration operating expenses fund
  • Sec. 2251. Quarters and facilities for the Farm Credit Administration
  • Sec. 2252. Powers and duties
  • Sec. 2253. Prior delegations
  • Sec. 2254. Examinations
  • Sec. 2255. Conditions of other banks and lending institutions
  • Sec. 2256. Consent to the availability of reports and to examinations
  • Sec. 2257. Reports on conditions of institutions receiving loans or deposits
  • Sec. 2257a. Uniform financial reporting instructions
  • Sec. 2258. Jurisdiction
  • Sec. 2259. State legislation
  • Sec. 2260. Transferred
  • Sec. 2261. Cease and desist proceedings
  • Sec. 2262. Temporary cease and desist orders
  • Sec. 2263. Enforcement of temporary cease and desist orders
  • Sec. 2264. Suspension or removal of director or officer
  • Sec. 2265. Suspension or removal of director or officer charged with felony
  • Sec. 2266. Hearings and judicial review
  • Sec. 2267. Jurisdiction and enforcement
  • Sec. 2268. Penalty
  • Sec. 2269. Further penalties
  • Sec. 2270. Replacement of suspended or removed directors
  • Sec. 2271. Definitions
  • Sec. 2272. Notice of service
  • Sec. 2273. Ancillary provisions; subpena power; etc.
  • Sec. 2274. Power to remove directors and officers
  • Sec. 2275. General Accounting Office audit; report to Congress
  • Sec. 2275a. Transition rules relating to amendment of certain FCA approval authorities
  • Sec. 2276. Access to and examination by Comptroller General of books, documents, etc., of farm credit system banks and institutions
  • Sec. 2277a. Definitions
  • Sec. 2277a-1. Establishment of Farm Credit System Insurance Corporation
  • Sec. 2277a-2. Board of Directors
  • Sec. 2277a-3. Commencement of insurance
  • Sec. 2277a-4. Premiums
  • Sec. 2277a-5. Certification of premiums
  • Sec. 2277a-6. Overpayment and underpayment of premiums; remedies
  • Sec. 2277a-7. General corporate powers
  • Sec. 2277a-8. Conduct of corporate affairs; examination of System institutions
  • Sec. 2277a-9. Insurance Fund
  • Sec. 2277a-10. Powers of Corporation with respect to troubled insured System banks
  • Sec. 2277a-10a. Oversight actions by Corporation
  • Sec. 2277a-10b. Authority to regulate golden parachute and indemnification payments
  • Sec. 2277a-11. Investment of funds
  • Sec. 2277a-12. Exemption from taxation
  • Sec. 2277a-13. Omitted
  • Sec. 2277a-14. Prohibitions
  • Sec. 2278a. Establishment of Board
  • Sec. 2278a-1. Purposes
  • Sec. 2278a-2. Board of Directors
  • Sec. 2278a-3. Corporate powers
  • Sec. 2278a-4. Certification of eligibility to issue preferred stock
  • Sec. 2278a-5. Assistance
  • Sec. 2278a-6. Special powers
  • Sec. 2278a-7. Administration
  • Sec. 2278a-8. Limitation of powers
  • Sec. 2278a-9. Succession
  • Sec. 2278a-10. Effect of regulations; audits
  • Sec. 2278a-11. Exemption from taxation
  • Sec. 2278a-12. Termination
  • Sec. 2278a-13. Transitional provisions
  • Sec. 2278b. Establishment of Corporation
  • Sec. 2278b-1. Purpose
  • Sec. 2278b-2. Board of Directors
  • Sec. 2278b-3. Stock
  • Sec. 2278b-4. Corporate powers
  • Sec. 2278b-5. Accounts
  • Sec. 2278b-6. Debt obligations
  • Sec. 2278b-7. Preferred stock
  • Sec. 2278b-8. Payments
  • Sec. 2278b-9. One-time stock purchase
  • Sec. 2278b-10. Exemption from taxation
  • Sec. 2278b-11. Termination
  • Sec. 2279a. Power to merge
  • Sec. 2279a-1. Board of directors
  • Sec. 2279a-2. Powers of merged banks
  • Sec. 2279a-3. Capitalization
  • Sec. 2279a-4. Repealed. Pub. L. 100-399, title IV, Sec. 408d, Aug. 17, 1988, 102 Stat. 1001
  • Sec. 2279a-5. Transferred
  • Sec. 2279b. Transfer of lending authority
  • Sec. 2279c. Transferred
  • Sec. 2279c-1. Merger of associations
  • Sec. 2279c-2. Reconsideration
  • Sec. 2279d. Termination of System institution status
  • Sec. 2279e. Approval of disclosure information and issuance of charters
  • Sec. 2279f. Merger of similar banks
  • Sec. 2279f-1. Merger of similar associations
  • Sec. 2279g. Transactions to accomplish mergers exempt from certain State taxes
  • Sec. 2279aa. Definitions
  • Sec. 2279aa-1. Federal Agricultural Mortgage Corporation
  • Sec. 2279aa-2. Board of directors
  • Sec. 2279aa-3. Powers and duties of Corporation and Board
  • Sec. 2279aa-4. Stock issuance
  • Sec. 2279aa-5. Certification of agricultural mortgage marketing facilities
  • Sec. 2279aa-6. Guarantee of qualified loans
  • Sec. 2279aa-7. Repealed. Pub. L. 104-105, title I, Sec. 108b, Feb. 10, 1996, 110 Stat. 164
  • Sec. 2279aa-8. Standards for qualified loans
  • Sec. 2279aa-9. Exemption from restructuring and borrowers rights provisions for pooled loans
  • Sec. 2279aa-10. Funding for guarantee; reserves of Corporation
  • Sec. 2279aa-11. Supervision, examination, and report of condition
  • Sec. 2279aa-12. Securities in credit enhanced pools
  • Sec. 2279aa-13. Authority to issue obligations to cover guarantee losses of Corporation
  • Sec. 2279aa-14. Federal jurisdiction
  • Sec. 2279bb. Definitions
  • Sec. 2279bb-1. Risk-based capital levels
  • Sec. 2279bb-2. Minimum capital level
  • Sec. 2279bb-3. Critical capital level
  • Sec. 2279bb-4. Enforcement levels
  • Sec. 2279bb-5. Mandatory actions applicable to level II
  • Sec. 2279bb-6. Supervisory actions applicable to level III
  • Sec. 2279bb-7. Recapitalization of Corporation
  • Sec. 2279cc. Conservatorship; liquidation; receivership
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