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National farm loan associations-Continued.

U.S. C,
Secretary-treasurers--Continued.

Sec. No.
powers and duties..

714
subscription to affidavit accompanying articles of asso-
ciation...

717
Securities

30
deposits with Federal land banks.

781

53
documents, records, etc.
secretary-treasurer custodian of..

714

28
Shareholders
in impaired association
liability

724 (b)

36
when borrower not in good standing-

724 (c)

37
individual liability-

744

40
after June 16, 1933.

744a

40
personal liability survives voluntary liquidation, en-
forceable by Federal land banks.

966

29
voting privileges of

724 (a), 732 35, 38
Solvency and character of applicants for incorporation
investigation of, by land bank appraiser.

718

31
Statements of condition.

663, 831 (e)

18, 68
Stock, see main heading Capital stock, subheading National

farm loan associations
Stock impaired

effect of admission of ten borrowers with loans in good
standing aggregating $20,000-

724 (b)

35
admission of new members thereafter.

724 (b)

36
election of loan committee.---

724 (b)

36
exchange of Federal land bank stock for association
stock

724 (b)

36
liability of association and members.

724 (b)

36
records and accounts, separation of -

724 (b)

36
reduction of interest rate----

724 (b)

36
loans, effect when placed in good standing-

724 (c)

37
loans to applicants by Federal land bank.

724 (a)

35
authorization for, by Farm Credit Administration 724 (a)

35
direct loan procedure applicable to, exceptions -- 724 (a) 35
interest rate on..

724 (a)

35
membership in
applicants receiving new loans.

724 (a), 724 (b)

35, 36
borrowers from Federal land bank having direct
loans.

724 (a)

35
removal of impairment..

724 (d)
voting rights of borrowers admitted to membership in. 724 (a) 35
Stockholders, see Shareholders, supra
Subscription to Federal land bank stock by.

721

32
Supervisory authority of Farm Credit Administration --- 831 (i) 68
Surety bonds, form, terms and penal sums prescribed by
Farm Credit Administration..

831 (f)

68
Taxation, exemption from.-

931

87
real property not exempt.

933

87
Territorial readjustment.--

719

31
Transfer or hypothecation of shares held in land banks. 693

24
Voluntary liquidation, see Liquidation, supra
Voting at stockholders' meetings of Federal land banks---- 694

24
Voting privilege of shareholders..

724 (a), 732 35, 38
Normal value..

781, 1016 52, 53, 103
Notes

Eligibility for discount or purchase by Federal intermediate
credit banks..

1031 118
Endorsement

of notes purchased by or discounted with Federal inter-
mediate credit banks..--

1031

118
of notes sold by Federal intermediate credit banks.- 1033

120
Security for Federal intermediate credit bank debentures. 1041, 1042 120, 121

37

Page

153

O

U.S. C. 3 and penalties

Sec. No. nks for cooperatives, Central Bank for Cooperatives, Federal Farm Mortgage Corporation, production credit issociations, production credit corporations and regional igricultural credit corporations agreements, application of provisions of Criminal Code to..

1138d 153 alteration of obligations..

1138d 152 concealment, conversion, etc., of mortgaged or pledged property

1138d conspiracy

1138d 154 contracts, application of provisions of Criminal Code to...

1138d 153 counterfeiting of obligations-

1138d 152 Criminal Code, applicability of provisions of .

1138d 153 embezzlementare

1138d 152 false entries or reports--

1138d 152 false representation..

1138d 151 forgery of obligations.--.

1138d 152 interest in transactions by officers and employees. 1138d 153 misapplication of funds.-

1138d 152 overvaluation of property-

1138d 151 passing forged or altered obligations.

1138d 152 personally benefiting from transactions of, by officers and employees-

1138d 152 unauthorized making, issuing or assigning of instruments..

1138d 152 p and feed loans false representations

1020n 115 fees, acceptance of, for securing loan.

1020n 115 unlawful use of loan proceeds or disposition of security- 1020n 115 m Credit Administration acceptance of loans or gratuities by examiners..

981

96 agreements, applicability of Criminal Code provisions to-

1138d 153 alteration of obligations

1138d 152 arrest of violators of Farm Loan Act

986

99 concealment, conversion, etc., of property pledged to.. 1138d 153 conspiracy

1138d 154 contracts, applicability of Criminal Code provisions to. 1138d 153 counterfeiting of obligations.-.

1138d 152 Criminal Code, applicability of provisions of

1138d 153 disclosing names of borrowers.

983

97 embezzlement..

1138d 152 false entries.--

1138d 152 'alse representation -

1138d 151 false statement to obtain loan..

981, 1019 96, 107 orgery of obligations.

1138d 152 nterest in transactions by officers and employees. 1138d 153 nisapplication of funds..

1138d 152 vervaluation of property

1138d 151 ersonally benefiting from transactions-

1138d 152 nauthorized making, issuing or assigning of instruments.

1138d 152 ilful overvaluation of land by appraiser..

987

99 al Farm Mortgage Corporation, see Banks for cooperas, etc., supra ul intermediate credit banks teration of obligations.

1138d 152 brrowers' names, unlawful disclosure of, by examiners - 1124 132 ncealment, conversion, etc., of property mortgaged or pledged to

1138d 153 nspiracy.

1138d 154 unterfeiting of obligations..

1126, 1138d 133, 152 iminal Code, applicability of provisions of

1138d 153

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Offenses and penalties—Continued.

U. S. C.
Federal intermediate credit banks—Continued.

Sec. No. Page
embezzlement.--

1121, 1138d 130, 152
examiners.

1124

132
false entries.

1121, 1138d 130, 152
false representation..

1127, 1138d 133, 151
false statements to obtain credit-

1122 131
"Federal intermediate credit banks,' prohibition

1128 133
against use of words---
fees or commissions, charged without authority of law,

1129

134
prohibited.
forgery of obligations.-

1126, 1138d 133, 152
misapplication of funds_

1121, 1138d 130, 152

1121 130
misappropriation of assets.
misuse of name.

1128 133
overvaluation of property offered as security 1123, 1138d 131, 151
personally benefiting from transactions by officers and

1138d 152
employees.
receivers.

1121

130
receiving fees, commissions, gifts, etc.

1125 132
theft..

1121

130
unauthorized making, issuing or assigning of instru-
ments..

1121, 11380 130, 152
Federal land banks, national farm loan associations and
joint stock land banks

981

96
acceptance of loan or gratuities by examiners.
alteration of farm loan bonds...

982

97
arrest of violators of Act..

986

99
assignment of notes, bonds, mortgages, etc., without
authority--

984

98
charging or receiving unauthorized fee or commission. 983

97
counterfeiting of bonds or coupons--

982

97
directors, employees and attorneys of land banks, etc.,
unauthorized fees, acceptance of..

983

.97
disclosing names of borrowers.

983

97
embezzlement.-

984

98
false entry--

984

98
false pretenses as to character of bonds or coupons. 985

99
false statements by mortgagee relating to sale of mort-
gage to Federal land bank...

987

99
false statements in application for loan.

981

96
falsely altering bonds or coupons...

982

97
falsely making farm loan bonds or coupons.

982

97
farm credit examiners

acceptance of loan or gratuity from land bank or
association..

981

96
must not disclose names of borrowers

983

97
forging of bonds or coupons.

982

97
fraud.

984

98
land bank appraisers, for wilful overvaluation of land
offered as security -

981

96
loan committee, for wilful overvaluation of land offered
as security-

981

96
misapplication of funds_

984

98
names of borrowers, penalty for disclosing of_

983

97
overvaluation of land, wilful
by applicant.

981

96
by appraiser.

981, 987 96, 99
by loan committee_

981
passing, uttering or publishing false bonds or coupons. 982
Land Bank Commissioner
false representation to obtain loan..

1019, 1138d 107, 151
Production credit associations and production credit corpo-

rations, see Banks for cooperatives, etc., supra
Regional agricultural credit corporations, see Banks for

cooperatives, etc., supra

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Officers, see appropriate main headings, subheading Officers and U.S. C.
employees

Sec, No.
Orders, Executive

Reorganizing agricultural credit agencies, Executive Order

No. 6084.
Transferring Division of Cooperative Marketing, Executive

Order No. 5200..
Organization certificates
Federal credit unions
approval of...

1754
form, preparation of_

1758
requisites of

1753
Federal land banks.

674, 675
Overvaluation of property, see main heading Offenses and penal-

ties, appropriate subheadings
Oyster planters, loans by production credit associations to.----- 1131j

173
176
173
21

141

55

30, 41
47, 104

P
Paid-in surplus
Federal intermediate credit banks
elimination of impairment of-

1072 125
subscriptions to, from revolving fund..

1061, 1131i 124, 142
Federal land banks
subscriptions to, by Secretary of Treasury.

781

54
repayments.

781
Payments (see also Installments and Loans)
Conditional, for subsequent credit on indebtedness...

781

57
On loans by Governor for capitalization of agricultural-
credit corporations, livestock-loan companies, etc.
paid into revolving fund.

1404 172
Penalties, see Offenses and penalties
"Person" defined..

716, 745, 771, 1016 (f)
Physical facilities, see Agricultural Marketing Act
Postponement of foreclosure, see Foreclosure
Postponement of installments, see Installments
Powers, see main headings such as Federal land banks, Joint stock

land banks, etc., subheading Powers
President of United States
Division of Cooperative Marketing of Department of Agri-

culture transferred to Federal Farm Board, Executive
Order No. 5200.-

4
Furnishing of information by Government establishments to

Farm Credit Administration, authority to direct... 1141h 164
Reorganization of agricultural credit agencies of United
States, Executive Order No. 6084.

1
Printing and binding
Crop and feed loans, expenditures for..

10200 115
Production credit associations
Accounts, reserve.-

1131f 139
Administrative expenses of, payable from revolving fund.- 1131i
Articles of association...

1131d

137
Assessments for cost of examination, lien on assets for -- 1138a 150
Borrowers
farmers only may be...

1131g

139
ownership of class B stock required.

1131g

139
oyster planters-

1131j 141
Borrowing from Federal intermediate credit banks, limita-
tion.

1131h 140
Bylaws.

1131d 137
Capital impairment, restoration of.

1131f 139
Capital stock, see main heading Capital stock
Charters...

1131d 137
Citizenship in State or district of principal office..

1138 150

141

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173
176
173

141
i

142

54
53

57

1131gg

72

Production credit associations—Continued.

U.S. C.
Compensation to directors, officers or employees

Sec. No.
limitation on.--

1138f 154
power of Governor to fix.

1131d 137
Consolidations.--

1131d 137
Contracts, power to make--

1138

149
Crimes and penalties, see main heading Offenses and penal-

ties, subheading Banks for cooperatives, etc.
Directors, see main heading Directors
Discount of paper by Federal intermediate credit banks... 1031 118
limitation on amount..

1032 119
Discounts, see Rediscount of paper, infra
Dissolution.

1138 149
Dividends.---

113le, 1131f 138, 139
Earnings, application of

1131f 139
Election of a director on farm credit board.

640b

7
Employees, see Officers and employees, infra
Examinations, assessment for cost of..

1138a 150
Expenses
administrative, payable from revolving fund..

1131i

141
operating, application of earnings to..

1131f 139
Federal instrumentalities-

1138c 151
Fees and charges, power to prescribe.

1138 149
Fiscal agents of United States, designation...

1138b 150
Governor of Farm Credit Administration, powers respecting,

see main heading Governor of Farm Credit Administra-

tion
Guaranty fund.

1131f, 1131g 139
Home alteration, repair and improvement loans.

140
Insolvency, power of Governor to appoint receiver--

1138e 154
Instrumentalities of United States.

1138c 151
Interest rate on loans.-

1131g

139
Investment of funds_

1131g

139
Liquidation
preference of class A stock upon.--

1131e 138
voluntary, power of Governor to authorize..

1138e 154
Loan committees - -

1131e 138
Loans, see main heading Loans, subheading Production

credit associations
Management.--

1131d 137
Misapplication of funds, penalty-

1138d

152
Offenses and penalties, see main heading Offenses and penal-

ties, subheading Banks for cooperatives, etc.
Officers and employees
appointment.

1131d 137
compensation.

1131d, 1138f 137, 154
disqualification of officers on conviction of felony or
court award of damages for fraud..

640i

10
offenses by.

1138d 150
removal of, by production credit corporations.

1131e 138
Organization..

1131d 137
Overvaluation of property

1138d 151
Oyster planters, loans to.

11313 142
Powers

borrow from Federal intermediate credit banks and
other institutions, limitations-

1131h 140
contracts, making of -

1138

149
corporate, general.

1138 149
fees and charges.

1138 149
fiscal agents of United States, designation.

1138b 150
incidental.--

1138 149
insurance of housing loans.

1131gg 140
investment of funds..

1131g 139

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