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12 U.S.C. § 2158 — Repealed. Pub. L. 100–233, title II, § 204(b), Jan. 6, 1988, 101 Stat. 1607

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

12 U.S.C. § 2158 — Repealed. Pub. L. 100–233, title II, § 204(b), Jan. 6, 1988, 101 Stat. 1607

### Statutory Notes Section, Pub. L. 92–181, title IV, § 4.5, Dec. 10, 1971, 85 Stat. 611; Pub. L. 96–592, title IV, § 401, Dec. 24, 1980, 94 Stat. 3446; Pub. L. 99–205, title II, § 205(f)(3), Dec. 23, 1985, 99 Stat. 1706, provided for establishment of a finance committee for banks organized and operated under subchapters I, II, and III of this chapter. See [section 2160 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2160&num=0&edition=prelim).

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Source file: Laws/federal/codes/united-states-code/title-12/section-2158-repealed-pub-l-100233-title-ii-204-b-jan-6-1988-101-stat-1607--558c70e389.md
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Source location: Title 12, Chapter 23, § 2158; chapter-023-farm-credit-system.md

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

12 U.S.C. § 2160 — Purchase and sale by Federal Reserve System

Any member of the Federal Reserve System may buy and sell bonds, debentures, or other similar obligations issued under the authority of this chapter and any Federal Reserve bank may buy and sell such obligations to the same extent and subject to the same limitations placed upon the purchase and sale by said banks of State, county, district, and municipal bonds under [section 355 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section355&num=0&edition=prelim).

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

12 U.S.C. § 2158 — Purchase and sale by Federal Reserve

Page 1328 TITLE 12—BANKS AND BANKING § 2156 § 205(f)(2), Dec. 23, 1985, 99 Stat. 1679, 1706; Pub. L. 100–233, title II, § 207(c), title III, § 303, Jan. 6, 1988, 101 Stat. 1608, 1620; Pub. L. 100–399, title III, § 303, Aug. 17, 1988, 102 Stat. 995.) Editorial Notes AMENDMENTS 1988—Subsec. (a). Pub. L. 100–233, § 303(a), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: ‘‘Each bank of the System shall be fully liable on notes, bonds, debentures, or other obli- gations issued by it individually, and shall be liable for the interest payments on long-term notes, bonds, de- bentures, or other obligations issued by other banks op- erating under the same subchapter of this chapter. Each bank shall also be primarily liable for the portion of any issue of consolidated or System-wide obligations made on its behalf and be jointly and severally liable for the payment of any additional sums as called upon by the Farm Credit Administration in order to make payments of interest or principal which any bank pri- marily liable therefor shall be unable to make. Such calls shall be made first upon the other banks oper- ating under the same subchapter of this chapter as the defaulting bank, and second upon banks operating under other subchapters of this chapter, taking into consideration the capital, surplus, bonds, debentures, or other obligations which each may have outstanding at the time of such assessment.’’ Subsec. (c). Pub. L. 100–233, § 207(c), redesignated sub- sec. (d) as (c), and struck out former subsec. (c) which provided that for purposes of this part, the term ‘‘bank’’ included the Capital Corporation. Subsec. (d). Pub. L. 100–399 redesignated subsec. (e) as (d). Pub. L. 100–233, § 207(c), redesignated subsec. (d) as (c)

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