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12 U.S.C. § 2250 — Seal of the Farm Credit Administration
Federal law — U.S. Code and appendices · legal_authorities
The Farm Credit Administration shall have a seal, as adopted by the Board, which shall be judicially noted.
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Source file: Laws/federal/codes/united-states-code/title-12/section-2250-seal-of-the-farm-credit-administration--d886a5401b.md
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Source location: Title 12, Chapter 23, § 2250; chapter-023-farm-credit-system.md
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The Farm Credit Administration shall have a seal, as adopted by the Board, which shall be judicially noted.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, Pub. L. 92–181, title VIII, § 8.38, as added Pub. L. 104–105, title I, § 117, Feb. 10, 1996, 110 Stat. 168, related to recapitalization of Corporation.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2001
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Policies of Board** The Chairman of the Farm Credit Administration Board, in carrying out the powers and duties vested in the Chairman by this chapter, and Acts supplementary thereto, shall be governed by policies of the Board and by such regulatory decisions, findings, and determinations as the Board may by law be authorized to make.
**(b) Appointments** The Chairman of the Board shall appoint such personnel as may be necessary to carry out the functions of the Farm Credit Administration. The appointment by the Chairman of the heads of major administrative divisions under the Board shall be subject to the approval of the Board.
**(c) Personnel**
(1) **Appointments by Board members** — Personnel employed regularly and full-time in the immediate offices of Board members shall be appointed by each such Board member.
(2) **Officers and employees**
(A) *Appointment, compensation, and benefits* — The Chairman shall fix the compensation and number of, and appoint and direct, employees of the Administration. The Chairman may set and adjust the rates of basic pay for employees of the Administration without regard to the provisions of chapter 51, or subchapter III of chapter 53, of title 5. The Chairman may provide such additional compensation and benefits to employees of the Administration as is necessary to maintain comparability with the total amount of compensation and benefits provided by other Federal bank regulatory agencies. In setting and adjusting the total amount of compensation and benefits for employees of the Administration, the Chairman shall consult with, and seek to maintain comparability with, other Federal bank regulatory agencies.
(B) *“Other Federal bank regulatory agencies” defined* — For purposes of this subsection, the term “other Federal
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2247
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Location of principal office** The Farm Credit Administration shall maintain its principal office within the Washington D.C.-Maryland-Virginia standard metropolitan statistical area, and such other offices within the United States as in its judgment are necessary.
**(b) Alternate property authorizations for System banks** As an alternate to the rental of quarters under [section 2249 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2249&num=0&edition=prelim), and without regard to any other provision of law, the banks of the System, with the concurrence of two-thirds of the bank boards, are hereby authorized—
(1) To lease or acquire real property in the District of Columbia or elsewhere for quarters of the Farm Credit Administration.
(2) To construct, develop, furnish, and equip such building thereon and such facilities appurtenant thereto as in their judgment may be appropriate to provide, to the extent the Board may deem advisable, suitable, and adequate quarters and facilities for the Farm Credit Administration.
(3) To enlarge, remodel, or reconstruct the same.
(4) To make or enter into contracts for any of the foregoing.
(5) To sell or otherwise dispose of any interest in property leased or acquired under the foregoing if authorized by the Board.
**(c) Financing**
(1) **In general** — The Board may require of the respective banks of the System, and they shall make to the Farm Credit Administration, such advances of funds for the purposes set out in this section as in the sole judgment of the Board may from time to time be advisable for the purposes of this section.
(2) **Advances** — The advances of funds described in paragraph (1) shall be in addition to and kept in a separate fund from the assessments authori
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 831, acts July 17, 1916, ch. 245, title I, § 17, 39 Stat. 375; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 9, 50 Stat. 707; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, contained an enumeration of the powers of Farm Credit Administration. See [section 2252 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2252&num=0&edition=prelim).
Section 832, acts Sept. 21, 1944, ch. 412, title VI, § 601(a) to (c), 58 Stat. 740; Aug. 11, 1955, ch. 785, title III, § 307, 69 Stat. 665; July 26, 1956, ch. 741, title I, § 108, 70 Stat. 667; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, provided for allocation of administrative expenses rendered each year by Farm Credit Administration. See [section 2250 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2250&num=0&edition=prelim).
Section 833, act Sept. 21, 1944, ch. 412, title VI, § 602, 58 Stat. 741, authorized purchase of manuscripts, data, and special reports by Farm Credit Administration.
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Federal law — U.S. Code and appendices · legal_authorities
Page 1353
TITLE 12—BANKS AND BANKING
§ 2250
ministration of this chapter. The Farm Credit
Administration may dispose of property so ac-
quired and any amounts collected from the dis-
position of such property shall be deposited in
the special fund provided for in section 2250(b) of
this title and shall be available to the Adminis-
tration in the same manner and for the same
purposes as the funds collected under section
2250(a) of this title.
(Pub. L. 92–181, title V, § 5.14, formerly § 5.15,
Dec. 10, 1971, 85 Stat. 620; Pub. L. 96–592, title V,
§ 505, Dec. 24, 1980, 94 Stat. 3449; renumbered § 5.14
and amended Pub. L. 99–205, title II, § 201(4), Dec.
23, 1985, 99 Stat. 1690.)
Editorial Notes
PRIOR PROVISIONS
A prior section 5.14 of Pub. L. 92–181 was renumbered
section 5.13 and is classified to section 2248 of this title.
AMENDMENTS
1985—Pub. L. 99–205 made technical amendments to
the references to sections 2250(b) and 2250(a) of this
title appearing in second sentence to reflect the renum-
bering of the corresponding section of the original act.
1980—Pub. L. 96–592 inserted provisions relating to
disposal of property and deposit of amounts from such
disposal.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1985 AMENDMENT
Amendment by Pub. L. 99–205 effective thirty days
after Dec. 23, 1985, see section 401 of Pub. L. 99–205, set
out as a note under section 2001 of this title.
§ 2250. Farm Credit Administration operating ex-
penses fund
(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 ex-
penses for official functions;
(B) the amount of assessments that will be
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