42 Stat. 1458.

Salaries.

67 Stat. 392. 12 USC 63 6d.

Effective date.

Increased bor

73 STAT. 387.

(g) Section 208 (c) of the Federal Farm Loan Act, as amended (12 U.S.C. 1093), is amended by changing "Land bank appraisers” in the first sentence thereof to "Farm credit appraisers".

(h) The Federal Farm Loan Act, as amended (12 U.S.C. 641 et seq.), and any other Act of Congress in which the words appear, are amended by changing "national farm loan association" and "national farm loan associations" to "Federal land bank association" and "Federal land bank associations", respectively.

(i) The Federal Farm Loan Act, as amended (12 U.S.C. 641 et seq.), and any other Act of Congress in which the words appear, are amended by changing “secretary-treasurer" and "secretary-treasurers”, when used to mean the secretary-treasurer of a national farm loan association (herein renamed "Federal land bank association"), to "manager" and "managers", respectively.

(j) The first sentence of section 5(d) of the Farm Credit Act of 1953 (12 U.S.C. 636 (d)) is amended by inserting immediately before the period at the end thereof ": Provided, That the salary of not more than three positions of deputy governor shall each be fixed by the Board at a rate not exceding $17,500 per annum".

(k) This title shall become effective December 31, 1959.

TITLE II-STATUS OF FARM CREDIT BANKS AND
EMPLOYEES

SEC. 201. Notwithstanding any other provision of law, and in order rower partici- to encourage and facilitate increased borrower participation in the

pation.

67 Stat. 390.

50 Stat. 706.

management and control of institutions operating under the supervision of the Farm Credit Administration in accordance with the policy declared in section 2 of the Farm Credit Act of 1953 (12 U.S.Č., supp. IV, 636a), section 6 of the Farm Credit Act of 1937, as amended (12 U.S.C. 6401), is amended

(a) by inserting "(a)" immediately following "SEC. 6.", by redesignating subsections "(a)" and "(b)" as paragraphs "(1)" and "(2)", respectively, and by deleting subsection "(c)";

(b) by adding the following at the end of paragraph (1) of subsection (a) thereof (as redesignated herein): "The employment, compensation, leave, retirement (except as provided in subsection (e) hereof), hours of duty, and all other conditions of employment of such joint officers and employees employed by the district farm credit board, and of separate officers and employees of the Federal land bank, Federal intermediate credit bank, and bank for cooperatives of the district employed by the board of directors of such banks, shall be determined by the respective boards without regard to the laws from which exemption is granted in this section, but all such determinations shall be consistent with the laws under which such banks are organized and operate. Appointments, promotions, and separations so made shall be based on merit and efficiency and no political test or qualification shall be permitted or given consideration. The district farm credit board shall, under rules and regulations prescribed by the Farm Credit Administration, provide for veterans' preference and limitations against political activity for such officers and employees substantially similar to the preference and limitations to which such officers and employees were subject upon enactment of this sentence.”; and

(c) by adding the following new subsections after subsection (a) thereof (as redesignated herein):

"(b) The provisions of section 1753 of the Revised Statutes (5 U.S.C. 631) and the Act of January 16, 1883, entitled 'An Act to reg

73 STAT. 388.

ulate and improve the civil service of the United States', as amended

(22 Stat. 403; 5 U.S.C. 632 et seq.), any laws supplementary thereto, 62 Stat. 354. including but not limited to the Act of August 24, 1912, as amended 54 Stat. 1211. (5 U.S.C. 652), section 1 of the Act of November 26, 1940, as amended (5 U.S.C. 631a), and section 1310 of the Supplemental Appropriation Act, 1952, as amended (5 U.S.C. 43, note), and any rules, orders, or regulations promulgated for carrying such Acts or laws into effect, shall not apply to a Federal land bank, Federal intermediate credit bank, or bank for cooperatives, or to its directors, officers, or employees.

(c) The Federal Employees' Compensation Act, as amended (5 U.S.C., ch. 15), shall not be applicable in respect to the injury, dis- 5 USC 751 ability, or death of any employee of a Federal land bank, Federal note. intermediate credit bank, or bank for cooperatives unless such injury, disability, or death (or cause thereof) occurred before January 1,

1960.

"(d) Section 9 of the Hatch Act, as amended (5 U.S.C. 118i), and 53 Stat. 1148. the Veterans' Preference Act of 1944, as amended (5 U.S.C. 851-869), 58 Stat. 387. shall not be deemed to apply to a Federal land bank, Federal intermediate credit bank, or bank for cooperatives, or to its directors,

officers, or employees.

"(e) Each officer and employee of a Federal land bank, Federal Retirement intermediate credit bank, or bank for cooperatives who, on December provisions. 31, 1959, is within the purview of the Civil Service Retirement Act, as

amended (5 U.S.C., supp. IV, ch. 30), shall continue so during his 70 Stat. 743. continuance as an officer or employee of any such banks without break 7 USC 2251 in continuity of service. Any other officer or employee of such banks note. and any other person entering upon employment with any such banks after December 31, 1959, shall not be covered under the civil service

retirement system by reason of such employment, except that (1) a Exceptions. person who, on December 31, 1959, is within the purview of the Civil Service Retirement Act, as amended, and thereafter becomes an officer or employee of any such banks without break in continuity of service shall continue under the civil service retirement system during his continuance as an officer or employee of any such banks without break in continuity of service and (2) a person who has been within the purview of said Act as an officer or employee of such banks and, after a break in such employment, again becomes an officer or employee of any such banks may elect to continue under the civil service retirement system during his continuance as such officer or employee by so notifying the Civil Service Commission in writing within thirty days after such reemployment.

fund.

"(f) Each Federal land bank, Federal intermediate credit bank, Contribution and bank for cooperatives shall contribute to the civil service retire- to retirement ment and disability fund, for each fiscal year after June 30, 1960, a sum as provided by section 4(a) of the Civil Service Retirement Act, as amended (5 U.S.C. 2254(a)), except that such sum shall be 70 Stat. 747; determined by applying to the total basic salaries (as defined in that 72 Stat. 143. Act) paid to the employees of said banks who are covered by that Act, the per centum rate determined annually by the United States Civil Service Commission to be the excess of the total normal cost per centum rate of the civil service retirement system over the employee deduction rate specified in such section 4(a). Each bank shall also

73 STAT. 389.

pay into the Treasury as miscellaneous receipts such portion of the cost of administration of the fund as is determined by the United States Civil Service Commission to be attributable to its employees.

"(g) Any Federal land bank, Federal intermediate credit bank, or bank for cooperatives may, subject to the approval of the Farm Credit Administration, establish a retirement system for its officers and employees either separately or jointly with any other corporation under the supervision of the Farm Credit Administration. În determining eligibility for or the amount of any benefit under any such retirement system, there shall not be taken into account any service which 5 USC 2251 note. is creditable under the Civil Service Retirement Act, as amended, but service which constitutes employment as defined in section 210(a) of the Social Security Act, as amended (42 U.S.C., supp. IV, 410(a)), may be so taken into account notwithstanding section 115 of the Social Security Amendments of 1954 (42 U.S.C., supp. IV, 410, note) or any other provision of law.

60 Stat. 979; 72 Stat. 1035. 68 Stat. 1087.

70 Stat. 824.

59 Stat. 296.

"(n) Subsections (b), (c), (d), (e), (f), and (g) of this section shall apply to the Central Bank for Cooperatives and its personnel and the board of directors of the Central Bank for Cooperatives shall have all the authority and responsibility with respect to personnel of such central bank as is vested in the farm credit board of a district or the board of directors of a district bank for cooperatives with respect to personnel of any such district bank under subsection (a)(1) of this section."

SEC. 202. (a) Section 210(a)(6)(B)(ii) of title II of the Social Security Act, as amended (42 U.S.C., supp. IV, 410(a) (6) (B) (ii)), and section 3121(b) (6) (B) (ii) of the Internal Revenue Code of 1954, as amended (26 U.S.C., supp. IV, 3121(b) (6) (B) (ii)), are each amended by inserting "a Federal land bank, a Federal intermediate credit bank, a bank for cooperatives," immediately before the words "a national farm loan association" therein.

(b) Section 2680 of title 28, United States Code, is amended by adding at the end thereof the following new subsection: "(n) Any claim arising from the activities of a Federal land bank, a Federal intermediate credit bank, or a bank for cooperatives.".

66

(c) Section 102(b) of the Federal Employees Pay Act of 1945, as amended (5 U.S.C. 902(b)), is amended by striking out "and" immediately preceding "(6)" therein and by inserting before the period at the end thereof "; and (7) officers and employees of a Federal land bank, a Federal intermediate credit bank, or a bank for cooperatives". (d) Section 303 of the Government Employees' Incentive Awards 68 Stat. 1113. Act (5 U.S.C., supp. IV, 2122) is amended by inserting within the parentheses after the words "the Tennessee Valley Authority" the words "or the Central Bank for Cooperatives".

(e) Section 205(e) of the Annual and Sick Leave Act of 1951, as added by section 4(b) of the Act of July 2, 1953 (5 U.S.C., supp. IV, 67 Stat. 138. 2064 (e)), and section 1 of the Act of December 21, 1944, as amended 58 Stat. 845. by section 4(a) of the Act of July 2, 1953 (5 U.S.C., supp. IV, 61b), are each amended by substituting "(C), (H), or (I)" for "(C), or (H)" therein.

SEC. 203. (a) Nothing in this title shall be deemed to amend, alter, repeal, or restrict the application of (1) section 190 of the Revised Statutes (5 U.S.C. 99), relating to the prosecution of claims against the United States by former employees; (2) the Act of August 26, 64 Stat. 476. 1950 (5 U.S.C. 22–1, 22-2, 22–3), relating to the suspension and separation of employees for security reasons; (3) section 710(e) of the Defense Production Act of 1950, as amended (50 U.S.C., app., supp. 69 Stat. 583. IV, 2160(e)), relating to the authority of the President to provide

73 STAT. 390.

for an executive reserve training program; or (4) any Act of Congress the violation of which is punishable by a fine or imprisonment, or both.

(b) Any Act of Congress enacted after the effective date of this title and which states that it shall be applicable to agencies or instrumentalities of the United States or to corporations controlled or owned, in whole or in part, by the United States, or to officers and employees of the United States or such agencies or instrumentalities or corporations, shall not be applicable to a Federal land bank, Federal intermediate credit bank, or bank for cooperatives, or to its directors, officers, or employees unless such Act specifically so provides by naming such banks.

(c) This title shall become effective January 1, 1960. Approved August 18, 1959.

Effective

date.

To extend section 17 of the Bankhead-Jones Farm Tenant Act for two years, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 17 of 70 Stat. 802. the Bankhead-Jones Farm Tenant Act, as amended, is amended (1) 7 USC 1006d. by striking out "June 30, 1959" and inserting "June 30, 1961" and (2)

by striking out of the second sentence the words "livestock and farm equipment" and inserting in lieu thereof the words "other assets”. Approved September 21, 1959.

(324)