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61,

87

U.S.C.
Bonds, farm loan-Continued.

Sec, No. Page
Interest guaranteed bonds.

992, 992a 100, 101
Interest rate on..

861 72
Investigation to be made by appraisers.-

755 43
Investment of Government funds in, prohibited.

701

26
Issuance of

applications, see Applications for leave to issue, supra
banks bound by acts of officers and Farm Credit
Administration in...

871 74
bond liability, action of directors respecting-

873 75
bonds guaranteed as to interest by Government.-- 992, 992a 100, 101
aggregate amount, limitation on.

992 100
denominations..

861 72
duties of registrar on approval of -

851

70
information furnished by registrar

843 69
interest rate...

861

72
limitation placed on Federal land banks..

791

59
minimum and maximum periods.--

861 72
power of Farm Credit Administration to authorize--- 831 (c) 67
power of land banks..

781

52
rejected by Farm Credit Administration
collateral security must be returned.

852

70
Joint stock land banks, special provisions relating to
amount of issue, limitation..

814

62
application for leave to issue
collateral security tendered with.-

841

69
made to Farm Credit Administration through farm
loan registrar.

841

69
authority to issue.--

810, 811, 821 64
exemption from taxation.

931
form of bonds...

817

63
prescribed by Farm Credit Administration.- 821, 831 (f) 64, 68
use of words "joint stock”.

642

12
instrumentalities of United States Government-

931

87
interest rate
on bonds issued by.

818

63
on loans limited to 1% over rate on bonds..

819

63
issuance of, authorized...

810, 811, 821 64
Farm Credit Administration may grant or refuse
authorization....

831 (c)

67
restrictions against, after May 12, 1933.

810

61
lawful investment for fiduciary and trust funds_

941

87
may be issued against mortgages

821

64
must differ in form and color from Federal land bank
bonds

817

63
payment of
use of payments on principal of pledged mortgages. 897

83
public deposits secured by ---

941

87
purchase of, with payments on pledged mortgages. 897

83
taxation, exemption from.--

931

87
terms of..

831 (f)

68
Lawful investments for fiduciary and trust funds.

941

87
Liability of land banks for payment of
bonds of individual banks.

872, 873 74, 75
consolidated bonds---

876, 879

76
Limitation on issue.

791

59
Matured, full face value to be paid.

896

82
National farm loan associations may issue certificates bear.
ing interest convertible into.--

761

44
Passing false bonds or coupons, penalty-

982
Payment of
by other banks..

831 (g), 872
face value to holder on maturity

896

82
medium of payment...

893

81
out of payments on pledged mortgages.

897

82

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239

Bonds, farm loan-Continued.

U.S. C.

Sec. No.
Payment of—Continued.

Page
place of payment.--.

893

81
rules and regulations..

862

73
Penalty provisions..

982

97
Plates, dies, etc., custody of -

864

73
Preparation of bonds, expenses..

864

73
Purchase of
by bank of issue..

781
by Federal reserve banks.

943

88
by Federal reserve member banks..

942

88
with payments on pledged mortgages

897

83
Registered bonds, exchange for coupon bonds..

864

73
Rejection of issue...

852
Retirement of
at or before maturity, power of land banks.

781

52
provisions for, in bonds..

861

72
rules and regulations.

862

73
Rules and regulations prescribed by Farm Credit Adminis-
tration
exchanges of bonds.

864
payment and retirement of

862
place or mode of payment of interest..

893

81
Sale of
power of land banks..

781

52
to Federal reserve banks..

943

88
to Federal reserve member banks..

942
Schedules of securities to be submitted with application for
leave to issue...

841

69
transmission of, with application.

842

69
verification of, by registrar--

842

69
Security for, see Collateral security for, supra
Security for public deposits

941

87
Signature and attestation of

874

75
Substitution of collateral..

892

81
deposit of trust funds with registrar----

898

83
Government bonds or cash in lieu of mortgages with-
drawn

855

72
purchase money mortgages for mortgages withdrawn.. 857

72
reservation of right of substitution in assignments --- 853

71
Taxation

certificate of Land Bank Commissioner on face of bond
to state nontaxability--

874

75
exemption from.--

931

87
Use of payments on pledged mortgages--

897

82
Withdrawal of collateral
on surrender of bonds.

894

82
see also Substitution of collateral, supra
Bonds, Federal Farm Mortgage Corporation
Alteration of, penalty..

1138d 152
Amount authorized...

10200 109
Borrower may elect to receive proceeds of loan in..

772

50
Counterfeiting of, penalty-

1138d 152
Custody of plates, dies, etc..

1020e 111
Denominations.

10200 109
Direct loans of Federal land bank in, option to make ---- 723 (f)
Exchange of..

781, 1020c 57, 109
Expense for preparation, reimbursement for..

1020e 111
False entries by officers and employees, penalty

1138d 152
Farm loan bonds exchanged for.

781

57
Forging of, penalty-

1138d 152
Forms of..

1020c, 1020e 109, 110
Guaranty by United States -

1020c 109
Instrumentalities of Government-

1020f 111
Interest rates on.--

1020c 109

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U. S. C.
Bonds, Federal Farm Mortgage Corporation-Continued. Sec. No. Page

Investment of fiduciary, trust and public funds in..-- 1020c 109
Issuance of....

1020c 109
Lawful investments for fiduciary, trust and public funds... 1020c 109
Loans by Land Bank Commissioner, payment in.... 1016 (g) 105
Preparation of, by Secretary of the Treasury.

1020e 110
expense, reimbursement for..

1020e 111
Purchase of:
by Federal Farm Mortgage Corporation..

1020c 110
by land banks..

781 53
with amortization and other payments on pledged
mortgages.

897 83
by United States.

10200 109
Redemption of, by United States on failure to pay on
demand..

1020c

109
Sale of:
by land banks.--

781

53
by United States..

1020c 109
Security for Federal intermediate credit bank debentures.. 1041 120
Tax exemption..

1020f 111
Unauthorized issue or assignment of, penalty.

1138d 152
Bonds, surety, see Surety bonds
Bonds, United States
Eligible collateral for:
consolidated farm loan bonds,

881 (a)

77
farm loan bonds of individual banks...

841, 855, 892 69, 72, 81
Federal intermediate credit bank debentures..

1041 120
Purchase of, by land banks..

781

53
with amortization and other payments on pledged
mortgages..

897

83
Sale of, by land banks..

781

53
Tendered as collateral for issue of farm loan bonds, returned
upon rejection of application for issue.--

852

70
Bonuses, see Gratuities
Borrowers
Central Bank for Cooperatives
amount of loans, limitation on.

1134j 147
classes of..

1134j 147
defaulting, retirement and cancellation of stock.-- 1134k 148
Deceased, assumption of mortgage and stock interest by
heir or legal representative.

771

47
Direct from Federal land bank.

723 (a)

33
organization of national farm loan associations by 723 (d)

34
Eligible as members of association loan committee..

756

43
Ineligible as land bank appraisers--

756

43
May elect to receive proceeds of loan in current funds, farm
loan bonds or Federal Farm Mortgage Corporation bonds. 772

50
Names, disclosure of:

by Federal intermediate credit bank examiners, penalty- 1124 132
by Federal land bank examiners, penalty -

983

97
Noncompliance with terms of application or mortgage, re-
porting of..

714

29
Required to be shareholders of national farm loan associa-
tions...

733

38
Required to own class B stock in production credit associa-
tions...

1131g

139
Through impaired associations, see main heading National

farm loan associations, subheading Stock impaired
Branch banks
Establishment of, in Alaska, Hawaii and Puerto Rico

by Federal land banks and Federal intermediate credit
banks..

672

19
unaffected by provisions of $640a-j-

640k

11
Buildings

Federal, see main heading Federal buildings
Federal land bank loans may be used for...

771

46

Page

48
48

105

18
167

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183

83
109

143
176
107

22
137
134
170

120
111
152

108
108
111
108

581
120
53

83

144
144
144
144

70

U.S. C.
Buildings--Continued.

Sec. No.
Insurance money may be applied for rebuilding by mort-

771
gagor-
Insured to satisfaction of Farm Credit Administration,

771
Bulletins and circulars

Farm Credit Administration, preparation and distribution. 664
Governmental, predictions as to cotton prices prohibited.--- 1141j
Publication of information regarding cooperative associa-
tions.com

453
Bylaws
Banks for cooperatives -

1134a
Federal credit unions..

1758
Federal Farm Mortgage Corporation.--

1020
Federal land banks..

676
Production credit associations.

1131d
Production credit corporations

1131a
Regional agricultural credit corporations.-

1148c

С
Capital
Federal Farm Mortgage Corporation
amount of..

1020b
subscription by United States.

1020b
tax exemption..

1020f
use of funds and proceeds thereof under $1016.- 1020b
Capital stock
Banks for cooperatives
amount.

1134b
call for payments of, by board of directors..

1134b
increase or decrease of, by Governor.

1134b
ownership by associations borrowing from banks.-- 1134d
payments for stock subscribed by Governor from re-
volving fund.-

1134b
retirement of stock held by Government.

1134e
retirement of stock owned by associations borrowing
from..

1134k
shares, par value of -

1134b
subscription to guaranty fund in lieu of stock sub-
scription.--

1134k
subscriptions by Governor on behalf of United States. 1134b
tax exemption.---

1138c
Central Bank for Cooperatives
amount..

1134i
call for payments of, by chairman of board of directors - 1134i
dividends on shares.

11341
impairment of stock in guaranty fund, application of
earnings to..

11341
increase or decrease_

11341
ownership by associations borrowing from banks... 1134k
retirement of, upon default..

1134k
retirement of, upon payment of loana.

1134k
payments for stock subscribed by Governor from
revolving fund..

11341
retirement of stock owned by associations borrowing
from.cn

1134k
shares, par value of..

11341
subscription to guaranty fund in lieu of stock sub-
scription.--

1134k
subscriptions by Governor on behalf of United States.- 1134i
tax exemption.--

11380
Federal credit unions
shares:
dividends on shares -

1763
issuance of, to minors.

1765
loans on security of

1761(d)
maximum number of shares to any individual

1761(c)

144
145

147
144

247
47
48

147
144
151

47

3
13

146
146
148

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Capital stock-Continued.
Federal credit unions-Continued.

U.S.C.
shares—Continued.

Sec. No. Page
payments on shares, receiving of

1757 175
power to impress and enforce lien upon..

1757 176
taxation...

1768 181
value of

1753 173
voting privilege of shareholders..

1760 177
Federal intermediate credit banks
amount of, increase or decrease..

1061 123
impairment of
assessment on other banks.

1061 123
elimination of..

1072 125
shares, par value..

1061 123
subscriptions by Governor of Farm Credit Administra-
tion out of revolving fund...

1061, 1131i 124, 142
subscriptions to, on behalf of United States.

1061 123
tax exemption.-

1111 130
Federal land banks
amount of original stock required..-

691

23
amount of subscription giving permanent organization. 677

23
amount of subscription required to be stated in organi-
zation certificate.--

674

21
assumption of stock interests:
by heirs or legal representative of deceased bor-
rower

771

47
by purchaser of mortgaged land.

771

47
cancelation of:
on completion of compartment-

724 (b)

36
on insolvency of associations..

964

91
on organization of associations by direct borrow-
ers.

723 (d)

34
on voluntary liquidation associations

966

92
collateral security for:
direct loans

723 (c)

33
loans through associations.

721

32
dividends on shares of stock held by:
direct borrowers.-

723 (c)

33
national farm loan associations.

721

32
United States..

694

24
increase in

674

21
power of Farm Credit Administration to author-
izen

831 (a)

67
issuance of to borrowers on voluntary liquidation of
national farm loan associations

966

92
par value of shares..

692

23
proportion of, held in quick assets.

697

25
reduction of
certification of, to Farm Credit Administration.- 964

91
limitation ---

722

32
repayments, on stock subscribed by United States, to
be held in revolving fund..

698

26
reserves, ratio of, to outstanding capital.

901 (a)

84
retired stock proceeds

payment of, to national farm loan associations
after conservatorship---

967 (d)
retirement of:

on action of directors and with approval of Farm
Credit Administration..

721

32
original stock -

696
stock held by borrowers through branch banks. 672

2
stock subscribed by direct borrowers-

723 (c)

3
stock subscribed by United States.

696

25
required by Farm Credit Administration.. 698

25
upon payment in full of mortgage loan.---- 721, 723 (c)

32, 33

94

2u

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