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12 U.S.C. § 657 — Repealed. Sept. 21, 1944, ch. 412, § 601(d), 58
Federal law — U.S. Code and appendices · legal_authorities
Page 258
TITLE 12—BANKS AND BANKING
§§ 641, 642
Section 640l, acts Aug. 19, 1937, ch. 704, § 6, 50 Stat. 706;
July 26, 1956, ch. 741, title I, § 106(b), 70 Stat. 666; Aug.
18, 1959, Pub. L. 86–168, title II, § 201, 73 Stat. 387; Sept.
6, 1966, Pub. L. 89–554, § 8(a), 80 Stat. 649, set out status
of farm credit banks and employees. See section 2221 et
seq. of this title.
SUBCHAPTER I—FEDERAL LAND BANKS,
JOINT-STOCK LAND BANKS, AND FED-
ERAL LAND BANK ASSOCIATIONS
§§ 641, 642. Repealed. Pub. L. 92–181, title V,
§ 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 641, acts July 17, 1916, ch. 245, title I, § 1, 39
Stat. 360; Mar. 4, 1923, ch. 252, title I, §§ 1, 2, 42 Stat.
1454; Ex. Ord. No. 6084, Mar. 27, 1933, directed that act
July 17, 1916, be administered by the Farm Credit Ad-
ministration.
Section 642, act July 17, 1916, ch. 245, title I, § 2, 39
Stat. 360; Ex. Ord. No. 6084, Mar. 27, 1933, defined terms
‘‘first mortgage’’ and ‘‘farm-loan bonds’’.
ADMINISTRATIVE PROVISIONS RELATIVE TO THIS
SUBCHAPTER
§ 651. Repealed. Pub. L. 92–181, title V, § 5.26(a),
Dec. 10, 1971, 85 Stat. 624
Section, act July 17, 1916, ch. 245, title I, § 3, 39 Stat.
360; Ex. Ord. No. 6084, Mar. 27, 1933, provided for cre-
ation of Federal Farm Loan Bureau.
§§ 652 to 655. Repealed. Aug. 6, 1953, ch. 335, § 19,
67 Stat. 400
Sections, act July 17, 1916, ch. 245, title I, § 3 (part), 39
Stat. 360, related to appointment, compensation, and
oath of Land Bank Commissioner, restriction on his
right to engage in certain business and filling vacan-
cies.
Section 652 was amended by act Mar. 4, 1923, ch. 252,
title III, § 301, 42 Stat. 1473; Ex. Ord. No. 6084, Mar. 27,
1933; and act June 16, 1933, ch. 98, title VIII, § 80(a), 48
Stat. 273.
Sections 653, 654, and 655 were each amende
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Page 258
TITLE 12—BANKS AND BANKING
§§ 641, 642
Section 640l, acts Aug. 19, 1937, ch. 704, § 6, 50 Stat. 706;
July 26, 1956, ch. 741, title I, § 106(b), 70 Stat. 666; Aug.
18, 1959, Pub. L. 86–168, title II, § 201, 73 Stat. 387; Sept.
6, 1966, Pub. L. 89–554, § 8(a), 80 Stat. 649, set out status
of farm credit banks and employees. See section 2221 et
seq. of this title.
SUBCHAPTER I—FEDERAL LAND BANKS,
JOINT-STOCK LAND BANKS, AND FED-
ERAL LAND BANK ASSOCIATIONS
§§ 641, 642. Repealed. Pub. L. 92–181, title V,
§ 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 641, acts July 17, 1916, ch. 245, title I, § 1, 39
Stat. 360; Mar. 4, 1923, ch. 252, title I, §§ 1, 2, 42 Stat.
1454; Ex. Ord. No. 6084, Mar. 27, 1933, directed that act
July 17, 1916, be administered by the Farm Credit Ad-
ministration.
Section 642, act July 17, 1916, ch. 245, title I, § 2, 39
Stat. 360; Ex. Ord. No. 6084, Mar. 27, 1933, defined terms
‘‘first mortgage’’ and ‘‘farm-loan bonds’’.
ADMINISTRATIVE PROVISIONS RELATIVE TO THIS
SUBCHAPTER
§ 651. Repealed. Pub. L. 92–181, title V, § 5.26(a),
Dec. 10, 1971, 85 Stat. 624
Section, act July 17, 1916, ch. 245, title I, § 3, 39 Stat.
360; Ex. Ord. No. 6084, Mar. 27, 1933, provided for cre-
ation of Federal Farm Loan Bureau.
§§ 652 to 655. Repealed. Aug. 6, 1953, ch. 335, § 19,
67 Stat. 400
Sections, act July 17, 1916, ch. 245, title I, § 3 (part), 39
Stat. 360, related to appointment, compensation, and
oath of Land Bank Commissioner, restriction on his
right to engage in certain business and filling vacan-
cies.
Section 652 was amended by act Mar. 4, 1923, ch. 252,
title III, § 301, 42 Stat. 1473; Ex. Ord. No. 6084, Mar. 27,
1933; and act June 16, 1933, ch. 98, title VIII, § 80(a), 48
Stat. 273.
Sections 653, 654, and 655 were each amended by Ex.
Ord. No. 6084, Mar. 27, 1933; and act June 16, 1933, ch. 98,
title VIII, § 80(a), 48 Stat. 273.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF REPEAL
Repeal effective 120 days after Aug. 6, 1953, see act
Aug. 6, 1953, ch. 335, § 18, 67 Stat. 399.
§§ 656, 656a. Repealed. Pub. L. 92–181, title V,
§ 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 656, acts July 17, 1916, ch. 245, title I, § 3, 39
Stat. 361; Apr. 20, 1920, ch. 154, § 1, 41 Stat. 570; Ex. Ord.
No. 6084 Mar. 27, 1933; Aug. 19, 1937, ch. 704, §§ 5(a), 20, 50
Stat. 704, 710; Aug. 18, 1959, Pub. L. 86–168, title I,
§ 101(a), 73 Stat. 384, provided for appointment of reg-
istrars, appraisers, and examiners.
Section 656a, act Aug. 19, 1937, ch. 704, § 20, 50 Stat.
710, provided for designation of farm credit examiners.
§ 657. Repealed. Sept. 21, 1944, ch. 412, § 601(d), 58
Stat. 741, eff. July 1, 1944
Section, act July 17, 1916, ch. 245, title I, § 3, 39 Stat.
361, as amended by acts Mar. 4, 1923, ch. 252, title III,
§ 302, 42 Stat. 1473; Mar. 4, 1925, ch. 524, § 3, 43 Stat. 1262;
June 26, 1930, ch. 613, 46 Stat. 815, related to payment of
salaries and expenses of certain employees of Federal
Farm Loan Bureau.
§§ 658, 659. Repealed. Pub. L. 86–168, title I,
§ 101(b), (c), Aug. 18, 1959, 73 Stat. 384, eff.
Dec. 31, 1959
Section 658, acts July 17, 1916, ch. 245, title I, § 3, 39
Stat. 361; Mar. 4, 1923, ch. 252, title III, § 302, 42 Stat.
1473; Mar. 4, 1925, ch. 524, § 3, 43 Stat. 1262, related to
compensation and manner of payment of Federal
landbank appraisers and appraisers or inspectors of
Federal intermediate credit banks.
Section 659, acts July 17, 1916, ch. 245, title I, § 3, 39
Stat. 361; Mar. 4, 1925, ch. 524, § 4, 43 Stat. 1263, related
to employment of attorneys, experts, and other em-
ployees.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF REPEAL
Repeal effective Dec. 31, 1959, see Pub. L. 86–168, title
I, § 104(k), Aug. 18,1959, 73 Stat. 387.
§§ 660 to 665. Repealed. Pub. L. 92–181, title V,
§ 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 660, act July 17, 1916, ch. 245, title I, § 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
submission of statements covering salaries paid by land
banks.
Section 661, act July 17, 1916, ch. 245, title I, § 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933, required filing
of an annual report to Congress by Farm Credit Admin-
istration. See section 2221 et seq. of this title.
Section 662, acts July 17, 1916, ch. 245, title I, § 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 18, 1959,
Pub. L. 86–168, title I, § 101(d), 73 Stat. 384, provided for
examinations and reports. See section 2254 of this title.
Section 663, acts July 17, 1916, ch. 245, title I, § 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 11, 1955,
ch. 785, title III, § 301(a), 69 Stat. 664; Aug. 18, 1959, Pub.
L. 86–168, title I, § 104(h), 73 Stat. 387, provided for state-
ments of condition of land bank associations and land
banks. See section 2254 of this title.
Section 664, act July 17, 1916, ch. 245, title I, § 3, 39
Stat. 361; Ex. Ord. No. 6084, Mar. 27, 1933, authorized
preparation of bulletins and circulars by Farm Credit
Administration. See section 2252 of this title.
Section 665, acts Jan. 23, 1932, ch. 9, § 6, 47 Stat. 14; Ex.
Ord. No. 6084, Mar. 27, 1933; Aug. 11, 1955, ch. 785, title
I, § 110(d), 69 Stat. 662, authorized Farm Credit Adminis-
tration to make rules and regulations. See section 2252
of this title.
ORGANIZATION OF FEDERAL LAND BANKS
§ 671. Repealed. Aug. 19, 1937, ch. 704, § 7(a), 50
Stat. 707
Section, act July 17, 1916, ch. 245, title I, § 4, 39 Stat.
362, related to designation of Federal land bank dis-
tricts by Farm Credit Administration.
§§ 672 to 677a. Repealed. Pub. L. 92–181, title V,
§ 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 672, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 362; Feb. 27, 1921, ch. 78, 41 Stat. 1148; Mar. 4, 1923,
ch. 252, title III, § 303, 42 Stat. 1474; Mar. 4, 1929, ch. 700,
45 Stat. 1558; May 17, 1932, ch. 190, 47 Stat. 158; Ex. Ord.
No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 5(a), 50
Stat. 704; June 30, 1945, ch. 204, § 3, 59 Stat. 267; Oct. 29,
1949, ch. 786, § 1(a), 63 Stat. 985; Aug. 18, 1959, Pub. L.
86–168, title I, § 104(h), 73 Stat. 387, provided for estab-
lishment of Federal land banks. See section 2011 of this
title.
Section 672a, acts Mar. 10, 1924, ch. 46, § 2, 43 Stat. 17;
Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704,
§ 5(a), 50 Stat. 704, provided for extension of farm credit
system under Farm Credit Administration to Hawaii.
Section 673, act July 17, 1916, ch. 245, title I, § 4, 39
Stat. 362; Ex. Ord. No. 6084, Mar. 27, 1933, provided for
temporary management of Federal land banks.
Section 674, acts July 17, 1916, ch. 245, title I, § 4, 39
Stat. 362; June 16, 1933, ch. 98, title VIII, § 80(a), 48 Stat.
273; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat.
387, set out requisite contents of organization certifi-
cates for land banks.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section 640a, acts Aug. 19, 1937, ch. 704, § 5(a), 50 Stat. 704; Oct. 29, 1949, ch. 786, § 5, 63 Stat. 986, created farm credit districts. See [section 2221 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2221&num=0&edition=prelim).
Section 640b, acts Aug. 19, 1937, ch. 704, § 5(b), 50 Stat. 704; Aug. 6, 1953, ch. 335, § 14, 67 Stat. 396; Aug. 11, 1955, ch. 785, title IV, § 401(a), 69 Stat. 666; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, provided for creation of district farm credit boards. See [section 2222 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2222&num=0&edition=prelim).
Section 640c, act Aug. 19, 1937, ch. 704, § 5(c), 50 Stat. 704, provided for initial board of directors of each district.
Section 640d, acts Aug. 19, 1937, ch. 704, § 5(d), 50 Stat. 704; Aug. 6, 1953, ch. 335, § 15, 67 Stat. 397; Aug. 11, 1955, ch. 785, title IV, § 401(b), 69 Stat. 666; July 26, 1956, ch. 741, title I, § 106(a)(1), 70 Stat. 666; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387, provided for replacement of district directors. See section 2221 et seq. of this title.
Section 640e, acts Aug. 19, 1937, ch. 704, § 5(e), 50 Stat. 705; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387; Aug. 2, 1966, Pub. L. 89–525, § 5, 80 Stat. 334, provided for nomination of elected directors. See [section 2223 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section2223&num=0&edition=prelim).
Section 640f, acts Aug. 19, 1937, ch. 704, § 5(f), 50 Stat. 705; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(h), 73 Stat. 387; Aug. 2, 1966, Pub. L. 89–525, § 5, 80 Stat. 334, provided for election of elected direc
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