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12 U.S.C. § 2286 — Approval of financing plans by Secretary of the Treasury
Federal law — U.S. Code and appendices · legal_authorities
**(a) Method, source, timing, terms, and conditions of sale of obligations issued or sold by Federal agencies** To insure the orderly and coordinated marketing of Treasury and Federal agency obligations and appropriate financing planning with respect thereto, and to facilitate the effective financing of programs authorized by law subject to the applicable provisions of such law, the prior approval of the Secretary of the Treasury shall be required with respect to—
(1) the method of financing,
(2) the source of financing,
(3) the timing of financing in relation to market conditions and financing by other Federal agencies, and
(4) the financing terms and conditions, including rates of interest and maturities,
of obligations issued or sold by any Federal agency; except that the approval of the Secretary of the Treasury shall not be required with respect to (A) obligations issued or sold pursuant to an Act of Congress which expressly prohibits any guarantee of such obligations by the United States, and (B) obligations issued or sold by the Farmers Home Administration.
**(b) Grant or denial of approval by Secretary** Upon receipt of a request from a Federal agency for his approval under subsection (a) of this section, the Secretary of the Treasury shall act promptly either to grant his approval or to advise the agency of the reasons for withholding his approval. In no case shall the Secretary of the Treasury withhold such approval for a period longer than sixty days unless, prior to the end of such period, he submits to the Congress a detailed explanation of his reasons for so doing. In no case shall the Secretary withhold such approval for a period longer than one hundred and twenty days. To the maximum extent practicable, withholdings of approval shall be made in a ma
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Source location: Title 12, Chapter 24, § 2286; chapter-024-federal-financing-bank.md
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**(a) Method, source, timing, terms, and conditions of sale of obligations issued or sold by Federal agencies** To insure the orderly and coordinated marketing of Treasury and Federal agency obligations and appropriate financing planning with respect thereto, and to facilitate the effective financing of programs authorized by law subject to the applicable provisions of such law, the prior approval of the Secretary of the Treasury shall be required with respect to—
(1) the method of financing,
(2) the source of financing,
(3) the timing of financing in relation to market conditions and financing by other Federal agencies, and
(4) the financing terms and conditions, including rates of interest and maturities,
of obligations issued or sold by any Federal agency; except that the approval of the Secretary of the Treasury shall not be required with respect to (A) obligations issued or sold pursuant to an Act of Congress which expressly prohibits any guarantee of such obligations by the United States, and (B) obligations issued or sold by the Farmers Home Administration.
**(b) Grant or denial of approval by Secretary** Upon receipt of a request from a Federal agency for his approval under subsection (a) of this section, the Secretary of the Treasury shall act promptly either to grant his approval or to advise the agency of the reasons for withholding his approval. In no case shall the Secretary of the Treasury withhold such approval for a period longer than sixty days unless, prior to the end of such period, he submits to the Congress a detailed explanation of his reasons for so doing. In no case shall the Secretary withhold such approval for a period longer than one hundred and twenty days. To the maximum extent practicable, withholdings of approval shall be made in a manner which is not disproportionately detrimental to the functioning of any particular type of Federal program. Expedited treatment shall be accorded in any case in which the Federal agency advises the Secretary of the Treasury that unusual circumstances require such treatment.
**(c) Time and form for submission of financing plans** Federal agencies subject to this section shall submit financing plans to the Secretary of the Treasury at such times and in such forms as he shall prescribe.
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Federal law — U.S. Code and appendices · legal_authorities
The Congress finds that demands for funds through Federal and federally assisted borrowing programs are increasing faster than the total supply of credit and that such borrowings are not adequately coordinated with overall Federal fiscal and debt management policies. The purpose of this chapter is to assure coordination of these programs with the overall economic and fiscal policies of the Government, to reduce the cost of Federal and federally assisted borrowings from the public, and to assure that such borrowings are financed in a manner least disruptive of private financial markets and institutions.
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Federal law — U.S. Code and appendices · legal_authorities
Page 1435
TITLE 12—BANKS AND BANKING
§ 2286
Executive Documents
EXECUTIVE ORDER NO. 11782
Ex. Ord. No. 11782, May 6, 1974, 39 F.R. 15991, which es-
tablished the Federal Financing Bank Advisory Council
and provided for its membership, functions, etc., was
revoked by Ex. Ord. No. 12379, § 15, Aug. 17, 1982, 47 F.R.
36099, formerly set out as a note under section 1013 of
Title 5, Government Organization and Employees.
§ 2282. Definitions
For the purposes of this chapter—
(1) The term ‘‘Federal agency’’ means an exec-
utive department, an independent Federal estab-
lishment, or a corporation or other entity estab-
lished by the Congress which is owned in whole
or in part by the United States.
(2) The term ‘‘obligation’’ means any note,
bond, debenture, or other evidence of indebted-
ness, but does not include Federal Reserve notes
or stock evidencing an ownership interest in the
issuing Federal agency.
(3) The term ‘‘guarantee’’ means any guar-
antee, insurance, or other pledge with respect to
the payment of all or part of the principal or in-
terest on any obligation, but does not include
the insurance of deposits, shares, or other
withdrawable accounts in financial institutions,
or any guarantee or pledge arising out of a stat-
utory obligation to insure such deposits, shares,
or other withdrawable accounts.
(4) The term ‘‘Bank’’ means the Federal Fi-
nancing Bank established by section 2283 of this
title.
(Pub. L. 93–224, § 3, Dec. 29, 1973, 87 Stat. 937.)
§ 2283. Creation of Federal Financing Bank
There is hereby created a body corporate to be
known as the Federal Financing Bank, which
shall have succession until dissolved by an Act
of Congress. The Bank shall be subject to the
general supervision and direction of the Sec-
retary of the Treas
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