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12 U.S.C. § 2255 — Repealed. Pub. L. 115–334, title V, § 5411(30), Dec. 20, 2018, 132 Stat. 4682
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 92–181, title V, § 5.18, as added Pub. L. 99–205, title II, § 202(b), Dec. 23, 1985, 99 Stat. 1693, related to continued effectiveness of certain delegations made by the Farm Credit Administration through twelve months after Dec. 23, 1985.
A prior section 2253, Pub. L. 92–181, title V, § 5.19, Dec. 10, 1971, 85 Stat. 622, related to delegation of duties and powers to financial institutions, prior to repeal, effective thirty days after Dec. 23, 1985, by Pub. L. 99–205, title II, § 202(a), Dec. 23, 1985, 99 Stat. 1693.
A prior section 5.18 of Pub. L. 92–181 was renumbered section 5.17 and is classified to [section 2252 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2252&num=0&edition=prelim).
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Source file: Laws/federal/codes/united-states-code/title-12/section-2255-repealed-pub-l-115334-title-v-5411-30-dec-20-2018-132-stat-4682--a8f41416c6.md
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Source location: Title 12, Chapter 23, § 2255; chapter-023-farm-credit-system.md
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### Statutory Notes
Section, Pub. L. 92–181, title V, § 5.18, as added Pub. L. 99–205, title II, § 202(b), Dec. 23, 1985, 99 Stat. 1693, related to continued effectiveness of certain delegations made by the Farm Credit Administration through twelve months after Dec. 23, 1985.
A prior section 2253, Pub. L. 92–181, title V, § 5.19, Dec. 10, 1971, 85 Stat. 622, related to delegation of duties and powers to financial institutions, prior to repeal, effective thirty days after Dec. 23, 1985, by Pub. L. 99–205, title II, § 202(a), Dec. 23, 1985, 99 Stat. 1693.
A prior section 5.18 of Pub. L. 92–181 was renumbered section 5.17 and is classified to [section 2252 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2252&num=0&edition=prelim).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Determinations required**
(1) **Generally** — Prior to the first day of each fiscal year, the Farm Credit Administration shall determine—
(A) the cost of administering this chapter for the subsequent fiscal year, including expenses for official functions;
(B) the amount of assessments that will be required to pay such administrative expenses, taking into consideration the funds contained in the Administrative Expense Account, and maintain a necessary reserve; and
(C) the amount of assessments that will be required to pay the costs of supervising and examining the Mortgage Corporation established under subchapter VIII.
(2) **Apportionments** — On the basis of the determinations made under paragraph (1), the Farm Credit Administration shall—
(A) apportion the amount of the assessment described in paragraph (1)(B) among the System institutions on a basis that is determined to be equitable by the Farm Credit Administration;
(B) assess and collect such apportioned amounts from time to time during the fiscal year as determined necessary by the Farm Credit Administration; and
(C) assess and collect from the Mortgage Corporation, from time to time during the fiscal year, the amount described in paragraph (1)(C).
**(b) Deposits into fund**
(1) **Treasury fund** — The amounts collected under subsection (a) shall be deposited in the Farm Credit Administration Administrative Expense Account. The Expense Account shall be maintained in the Treasury of the United States and shall be available, without regard, for purposes of sequestration, to the Balanced Budget and Emergency Deficit Control Act of 1985 [[2 U.S.C. 900](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title2-section900&num=0&edition=prelim) et seq.], to pay the expenses of the Fa
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2252
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Federal law — U.S. Code and appendices · legal_authorities
Any organization other than State banks, trust companies, and savings associations shall, as a condition precedent to securing discount privileges with a bank of the Farm Credit System, file with such bank its written consent to examination by farm credit examiners as may be directed by the Farm Credit Administration; and State banks, trust companies, and savings associations may be required in like manner to file a written consent that reports of their examination by constituted State authorities may be furnished by such authorities upon the request of the Farm Credit Administration.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2257a
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Federal law — U.S. Code and appendices · legal_authorities
Page 1361
TITLE 12—BANKS AND BANKING
§ 2255
out ‘‘, except with respect to any actions taken by any
banks of the System under section 2159(b) of this title,’’
after ‘‘accounting principles’’ and ‘‘Notwithstanding
the provisions of the preceding sentence and any other
provision of this chapter, for the period July 1, 1986,
through December 31, 1988, the institutions of the Farm
Credit System may, on the prior approval of the Farm
Credit Administration and subject to such conditions
as it may establish, capitalize annually their provision
for losses that is in excess of one-half of 1 percent of
loans outstanding
and
amortize
such capitalized
amounts over a period not to exceed 20 years.’’ after
‘‘may require.’’, and struck out pars. (2) and (3) which
read as follows:
‘‘(2) In accordance with the regulations of the Farm
Credit Administration, for the period ending December
31, 1992, System institutions are authorized to use the
authorities contained in the third sentence of para-
graph (1) except as otherwise provided in section
2278a–6 of this title.
‘‘(3) Any preferred stock issued under section 2278b–7
of this title shall be subordinated to, and impaired be-
fore, other stock or equities of the institution.’’
Subsec. (e). Pub. L. 115–334, § 5404, added subsec. (e).
1996—Subsec. (a). Pub. L. 104–105 substituted ‘‘during
each 18-month period’’ for ‘‘each year’’ in first sen-
tence.
1992—Subsec. (a). Pub. L. 102–552, § 512, substituted
‘‘may include, if appropriate’’ for ‘‘shall include’’ in
third sentence.
Subsec. (d). Pub. L. 102–552, § 513(b), added subsec. (d).
1990—Subsec. (a). Pub. L. 101–624 inserted after third
sentence ‘‘Examination of banks shall include an anal-
ysis of the compensation paid to the chief executive of-
ficer and the
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2255
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