12 U.S.C. § 1072 — Repealed. Pub. L. 92–181, title V, § 5.26(a),

Page 268 TITLE 12—BANKS AND BANKING §§ 1040 to 1045 related to interest and discount charges and rediscount of paper of other intermediate credit banks. ISSUE OF DEBENTURES §§ 1040 to 1045. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624 Section 1040, act Aug. 19, 1937, ch. 704, § 39, 50 Stat. 718, defined ‘‘debenture’’ and ‘‘debentures’’ as used in purchase, sale, or use as security of debentures issued by or for benefit of intermediate credit banks. Section 1041, act July 17, 1916, ch. 245, title II, § 203(a), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164, § 6(a), 49 Stat. 315; Aug. 19, 1937, ch. 704, § 27, 50 Stat. 715; July 26, 1956, ch. 741, title I, § 104(f), 70 Stat. 664; Oct. 4, 1965. Pub. L. 89–237, § 1(b), 79 Stat. 922; June 18, 1968, Pub. L. 90–345, § 1(a), 82 Stat. 182, empowered in- termediate credit banks to borrow money and issue and sell collateral trust debentures. See section 2074 of this title. Section 1042, act July 17, 1916, ch. 245, title II, § 203(b), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 28, 50 Stat. 715; Sept. 20, 1966, Pub. L. 89–595, 80 Stat. 821, directed Farm Credit Administration to pre- scribe rules and regulations governing collateral and handling thereof and to fix interest rates. Section 1043, act July 17, 1916, ch. 245, title II, § 203(c), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933, prohibited as- sumption of liability on debentures or other obligations issued pursuant to former section 1041 of this title by the United States. Section 1044, act July 17, 1916, ch. 245, title II, § 203(d), as added June 3, 1935, ch. 164, § 6(b), 49 Stat. 315; amend- ed July 26, 1956, ch. 741, title I, § 104(f), 70 Stat. 664, au- thorized intermediate credit banks to issue and sell consolidated debentures or other similar obligations. Section 1045, act July 17, 1916, ch. 245, title II, § 203(e), as added June 3, 1935, ch. 164, § 6(b), 49 Stat. 316; amend- ed July 26, 1956, ch. 741, title I, § 104(f), 70 Stat. 664, cov- ered investment of fiduciary and trust funds in deben- tures and other similar obligations of intermediate credit banks and security for public deposits. DISCOUNT RATES §§ 1051 to 1053. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624 Section 1051, act July 17, 1916, ch. 245, title II, § 204(a), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Mar. 4, 1925, ch. 524, § 2, 43 Stat. 1262; Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164, § 7, 49 Stat. 316; July 26, 1956, ch. 741, title I, § 104(d), 70 Stat. 664, provided for discount rates to be charged by inter- mediate credit banks. See section 2075 of this title. Section 1052, act July 17, 1916, ch. 245, title II, § 204(b), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933, placed a limi- tation on interest rate charged original borrower on paper discounted with bank. Section 1053, act July 17, 1916, ch. 245, title II, § 204(c), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 29, 50 Stat. 715, covered purchases by inter- mediate credit banks of debentures or other similar ob- ligations issued by or for benefit of such bank or other intermediate credit banks. CAPITAL STOCK AND PARTICIPATION CERTIFICATES §§ 1061, 1062. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624 Section 1061, act July 17, 1916, ch. 245, title II, § 205, as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1457; amended May 19, 1932, ch. 191, § 2, 47 Stat. 159; Ex. Ord. No. 6084, Mar. 27, 1933; Jan. 31, 1934, ch. 7, § 15(b), (c), 48 Stat. 348; July 26, 1956, ch. 741, title I, § 102, 70 Stat. 660; Oct. 4, 1965, Pub. L. 89–237, § 1(c), 79 Stat. 922; June 18, 1968, Pub. L. 90–345, § 1(b), 82 Stat. 183; Oct. 17, 1968, Pub. L. 90–582, § 1, 82 Stat. 1145, provided for classes of stock, ownership, dividends, retirement of stock, liens, and participation certificates of intermediate credit banks. See section 2073 of this title. Section 1062, act July 17, 1916, ch. 245, title II, § 206(a), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1457; amended Mar. 4, 1925, ch. 524, § 1, 43 Stat. 1262, provided for salaries and expenses of Federal Farm Loan Bureau and for assessments against banks for proportionate share of expense. APPLICATION OF EARNINGS § 1072. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624 Section, act July 17, 1916, ch. 245, title II, § 206(b), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1457; amended Mar. 4, 1925, ch. 524, § 1, 43 Stat. 1262; May 19, 1932, ch. 191, § 3, 47 Stat. 1459; Aug. 19, 1937, ch. 704, § 30, 50 Stat. 715; July 26, 1956, ch. 741, title I, § 103, 70 Stat. 662; Oct. 4, 1965, Pub. L. 89–237, § 1(d), 79 Stat. 923; June 18, 1968, Pub. L. 90–345, § 1(c), 82 Stat. 183, provided for application of net earnings of intermediate credit banks. See section 2077 of this title. LIABILITY ON DEBENTURES OR OTHER SUCH OBLIGATIONS § 1081. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624 Section, act July 17, 1916, ch. 245, title II, § 207, as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1458; amended May 19, 1932, ch. 191, § 4, 47 Stat. 159; Ex. Ord. No. 6084, Mar. 27, 1933, covered liability of intermediate credit banks on debentures or other such obligations. See section 2074 of this title. EXAMINATIONS AND REPORTS §§ 1091 to 1095. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624 Section 1091, act July 17, 1916, ch. 245, title II, § 208(a), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1458; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 20, 50 Stat. 710, authorized Comptroller of the Currency to furnish reports of condition of banks and other lending institutions rediscounting with inter- mediate credit banks and covered examinations and audit of credit banks. Section 1092, act July 17, 1916, ch. 245, title II, § 208(b), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1458; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 2, 1966, Pub. L. 89–525, § 3(b), 80 Stat. 334, authorized Farm Cred- it Administration to require reports from intermediate credit banks. Section 1093, act July 17, 1916, ch. 245, title II, § 208(c), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1458; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 20, 50 Stat. 710; Aug. 18, 1959, Pub. L. 86–168, title I, § 104(g), 73 Stat. 387, covered investigations and reports by farm credit appraisers and examiners. Section 1094, act July 17, 1916, ch. 245, title II, § 208(d), as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1458; amended Ex. Ord. No. 6084, Mar. 27, 1933, authorized as- sessment of cost of investigations and examination against organization investigated. Section 1095, act July 17, 1916, ch. 245, title II, § 208(e), as added June 3, 1935, ch. 164, § 8, 49 Stat. 316; amended Aug. 23, 1935, ch. 614, § 203(a), 49 Stat. 704; Aug. 19, 1937, ch. 704, § 31, 50 Stat. 716, provided for reports on condi- tion of institutions receiving loans or deposits.