Browse Arkansas Code titles and sections
12 U.S.C. § 2285 — Functions
Federal law — U.S. Code and appendices · legal_authorities
**(a) Purchase and sale of obligations issued, sold, or guaranteed by Federal agencies** The Bank is authorized to make commitments to purchase and sell, and to purchase and sell on terms and conditions determined by the Bank, any obligation which is issued, sold, or guaranteed by a Federal agency. Any Federal agency which is authorized to issue, sell, or guarantee any obligation is authorized to issue or sell such obligations directly to the Bank.
**(b) Yield** Any purchase by the Bank shall be upon such terms and conditions as to yield a return at a rate not less than a rate determined by the Secretary of the Treasury taking into consideration (1) the current average yield on outstanding marketable obligations of the United States of comparable maturity, or (2) whenever the Bank’s own obligations outstanding are sufficient, the current average yield on outstanding obligations of the Bank of comparable maturity.
**(c) Fees** The Bank is authorized to charge fees for its commitments and other services adequate to cover all expenses and to provide for the accumulation of reasonable contingency reserves.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2285
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 86dfa5ab74ef0a5863b1bfb05e5999ca9c2354f2c70bdfbee740af1cc13de8c7. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_f3452d5a65e1baa76ead4e88
Source file: Laws/federal/codes/united-states-code/title-12/section-2285-functions--4819d226a7.md
Pages: Not recorded – Not recorded
Passage SHA-256: 5a8e6003da740222eee483dea0d8e96f3132049e5026e0d4c487eebc69c88ca4
Source location: Title 12, Chapter 24, § 2285; chapter-024-federal-financing-bank.md
Stored source content
**(a) Purchase and sale of obligations issued, sold, or guaranteed by Federal agencies** The Bank is authorized to make commitments to purchase and sell, and to purchase and sell on terms and conditions determined by the Bank, any obligation which is issued, sold, or guaranteed by a Federal agency. Any Federal agency which is authorized to issue, sell, or guarantee any obligation is authorized to issue or sell such obligations directly to the Bank.
**(b) Yield** Any purchase by the Bank shall be upon such terms and conditions as to yield a return at a rate not less than a rate determined by the Secretary of the Treasury taking into consideration (1) the current average yield on outstanding marketable obligations of the United States of comparable maturity, or (2) whenever the Bank’s own obligations outstanding are sufficient, the current average yield on outstanding obligations of the Bank of comparable maturity.
**(c) Fees** The Bank is authorized to charge fees for its commitments and other services adequate to cover all expenses and to provide for the accumulation of reasonable contingency reserves.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Separate Operation of Systems.—**
(1) Except as provided in paragraph (2), the defense commissary system and the exchange stores system shall be operated as separate systems of the Department of Defense.
(2) Paragraph (1) does not apply to the following:
(A) Combined exchange and commissary stores operated under the authority provided by [section 2489 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title10-section2489&num=0&edition=prelim).
(B) NEXMART stores of the Navy Exchange Service Command established before October 1, 2003.
**(b) Consolidation or Other Organizational Changes of Defense Retail Systems.—**
(1) The operation and administration of the defense retail systems may not be consolidated or otherwise merged unless the consolidation or merger is specifically authorized by an Act of Congress.
(2) In this subsection, the term “defense retail systems” means the defense commissary system and exchange stores system and other revenue-generating facilities operated by nonappropriated fund instrumentalities of the Department of Defense for the morale, welfare, and recreation of members of the armed forces.
**(c) Common Business Practices.—**
(1) Notwithstanding subsections (a) and (b), the Secretary of Defense may establish common business processes, practices, and systems—
(A) to exploit synergies between the defense commissary system and the exchange system; and
(B) to optimize the operations of the defense retail systems as a whole and the benefits provided by the commissaries and exchanges.
(2) The Secretary may authorize the defense commissary system and the exchange system to enter into contracts or other agreements—
(A) for products and services that are shared by the defense commissary system and the e
Source: Supplied U.S. Code snapshot — release unconfirmed · 10 U.S.C. § 2487
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a)** Notwithstanding any other provision of this chapter, the purchase by the Bank of the obligations of any local public body or agency within the United States shall be made upon such terms and conditions as may be necessary to avoid an increase in borrowing costs to such local public body or agency as a result of the purchase by the Bank of its obligations. The head of the Federal agency guaranteeing such obligations, in consultation with the Secretary of the Treasury, shall estimate the borrowing costs that would be incurred by the local public body or agency if its obligations were not sold to the Bank.
**(b)** The Federal agency guaranteeing obligations purchased by the Bank may contract to make periodic payments to the Bank which shall be sufficient to offset the costs to the Bank of purchasing obligations of local public bodies or agencies upon terms and conditions as prescribed in this section rather than as prescribed by [section 2285 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2285&num=0&edition=prelim). Such contracts may be made in advance of appropriations therefor, and appropriations for making payments under such contracts are hereby authorized.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 2294
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
The legislative power of Guam shall extend to all rightful subjects of legislation not inconsistent with the provisions of this chapter and the laws of the United States applicable to Guam. Taxes and assessments on property, internal revenues, sales, license fees, and royalties for franchises, privileges, and concessions may be imposed for purposes of the government of Guam as may be uniformly provided by the Legislature of Guam, and when necessary to anticipate taxes and revenues, bonds and other obligations may be issued by the government of Guam: Provided, however, That no public indebtedness of Guam shall be authorized or allowed in excess of 10 per centum of the aggregate tax valuation of the property in Guam. Bonds or other obligations of the government of Guam payable solely from revenues derived from any public improvement or undertaking shall not be considered public indebtedness of Guam within the meaning of this section. All bonds issued by the government of Guam or by its authority shall be exempt, as to principal and interest, from taxation by the Government of the United States or by the government of Guam, or by any State or Territory or any political subdivision thereof, or by the District of Columbia. The Secretary of the Interior (hereafter in this section referred to as “Secretary”) is authorized to guarantee for purchase by the Federal Financing Bank bonds or other obligations of the Guam Power Authority maturing on or before December 31, 1978, which shall be issued in order to refinance short-term notes due or existing on June 1, 1976 and other indebtedness not evidenced by bonds or notes in an aggregate amount of not more than $36 million, and such bank, in addition to its other powers, is authorized to purchase, receive or otherwise acquire these
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1423a
Stored review status: release_metadata_unconfirmed. Incoming connection: Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
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
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 2285
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.