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12 U.S.C. § 1072 — Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1072 — Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624

### Statutory Notes Section 1031, act July 17, 1916, ch. 245, title II, § 202(a), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1455; amended Mar. 4, 1925, ch. 524, § 7, 43 Stat. 1264; June 26, 1930, ch. 616, § 1, 46 Stat. 816; May 19, 1932, ch. 191, § 1, 47 Stat. 159; June 16, 1933, ch. 98, title VII, § 76(b), (c), 48 Stat. 271; Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164, § 5(a), (b), 49 Stat. 315; July 26, 1956, ch. 741, title I, § 104(b), 70 Stat. 663; Oct. 4, 1965, Pub. L. 89–237, § 1(a), 79 Stat. 922; Aug. 2, 1966, Pub. L. 89–525, § 3(a), 80 Stat. 334, set out lending powers of intermediate credit banks. See [section 2074 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2074&num=0&edition=prelim). Section 1032, act July 17, 1916, ch. 245, title II, § 202(b), as added Mar. 4, 1923, ch. 252, title I, § 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, § 202(c), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1455; amended June 26, 1930, ch. 616, § 2, 46 Stat. 816; July 26, 1956, ch. 741, title I, § 104(c), 70 Stat. 664; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(f), 73 Stat. 386; Oct. 3, 1961, Pub. L. 87–343, § 1(b), 75 Stat. 758, covered maturity, sale, and purchase of loans, advances, and discounts of intermediate credit banks.

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Source location: Title 12, Chapter 7, § 1072; chapter-007-farm-credit-administration.md

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 2074 — Board of directors

Each production credit association shall elect from the voting members of such association, a board of directors of such number, for such terms, with such qualifications, and in such manner as may be required by the bylaws of the association, except that at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, stockholder, or agent of a System institution.

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1072 — Repealed. Pub. L. 92–181, title V, § 5.26(a),

Page 268 TITLE 12—BANKS AND BANKING §§ 1040 to 1045 related to interest and discount charges and rediscount of paper of other intermediate credit banks. ISSUE OF DEBENTURES §§ 1040 to 1045. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624 Section 1040, act Aug. 19, 1937, ch. 704, § 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, § 203(a), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164, § 6(a), 49 Stat. 315; Aug. 19, 1937, ch. 704, § 27, 50 Stat. 715; July 26, 1956, ch. 741, title I, § 104(f), 70 Stat. 664; Oct. 4, 1965. Pub. L. 89–237, § 1(b), 79 Stat. 922; June 18, 1968, Pub. L. 90–345, § 1(a), 82 Stat. 182, empowered in- termediate 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, § 203(b), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 28, 50 Stat. 715; Sept. 20, 1966, Pub. L. 89–595, 80 Stat. 821, directed Farm Credit Administration to pre- scribe rules and regulations governing collateral and handling thereof and to fix interest rates. Section 1043, act July 17, 1916, ch. 245, title II, § 203(c), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933, prohibited as- sumption 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,

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