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1131gg

Production credit associations—Continued.
Powers-Continued.

U.S. C.
loans:

Sec. No. for general agricultural purposes.

1131g 139 for home alterations, repairs and improvements.. 1131gg 140 to oyster planters--

113lj 142
of Governor respecting, see main heading Governor of

Farm Credit Administration
property, acquiring, holding and disposing of..

1138 149
rediscount with Federal intermediate credit banks and
other institutions, limitations..

1131h 140
seal, use of

1138 149 sell, discount or assign housing loans, limitation.

140
suits by and against..

1138 149
Property
real and personal
power to acquire, hold and dispose of...

1138 149
subject to taxation...

1138c 151 tax exemption--

1138c

151
Purchase of obligations by Federal intermediate credit
banks.am

1031 118
limitation on amount.

1032

119
Receiverships, power of Governor to appoint receiver--- 1138e 154
Rediscount of paper
housing loan paper.

1131gg

140 oyster loan paper

1131j 142 paper generally, limitations

1031, 1131h 118, 140 Reserves.

1131f 139 Revolving fund.

1131c, 1131i 137, 141
Rules and regulations, see main heading Rules and regula-

tions
Seal, power to
and use

1138 149
Secretary-treasurer
compensation..

1131d, 1138f 137, 154
criminal offenses by, penalties

1138d 151 election of

1131e 138 approval of, by production credit corporations--- 1131e 138 removal by production credit corporations-

1131e

138
Shareholders, voting rights of..

113le 138
(see also Capital stock, main heading)
Stock, see main heading Capital stock
Suits by and against-

1138 149
Tax exemption.

1138c 151 Territory

1131d 137
Voluntary liquidation-

1138e 154
Production credit associations controlled by cooperatives
Capital stock

purchase of, by production credit corporations - 11310 136
Discount of paper by Federal intermediate credit banks

where stock held by production credit corporations. 1031 118
Production Credit Commissioner
Appointment.----

638

5 Loans in excess of limitations, approval by

1131g

139 Powers and duties.

638

6
Rules and regulations prescribed by

home alteration, repair and improvement loans. 1131gg 140
loans to oyster planters--

1131j 142
Salaries and expenses.-

638

6
Production credit corporations

Assessments for cost of examinations, lien on assets for --- 1138a 150
Bylaws.-

1131a

134
Capital stock, see main heading Capital stock
Charters, grant of..

1131, 1131a 134
Citizenship in State or district of principal office.--

1138 150 Compensation, see Officers and employees, infra

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U.S. C.
Production credit corporations Continued.

Sec. No.

Page
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
Earnings on stock in associations, application of...

1131c 136
Employees, see Officers and employees, infra
Examinations, assessment for cost of----

1138a

150
Expenses, administrative, payable from revolving fund. 1131i 141
Federal instrumentalities

1138c 151
Fees and charges, power to prescribe---

1138

149
Fiscal agents of United States, designation --

1138b 150
Funds

investment in class A stock of production credit asso-
ciations..

1131c 135
revolving.

1131c, 1131i 137, 141
surplus.-

11310 136
tax exemption--

1138c

151
Governor of Farm Credit Administration, powers respect-

ing, see main heading Governor of Farm Credit Adminis-

tration
Information concerning institutions receiving loans or de-
posits..

1095 129

1138e 154
Insolvency of, power of Governor to appoint receiver.
Instrumentalities of United States..

1138c

151
Liquidation, voluntary-

1138e 154
Location.

1131

134

1138d
Misapplication of funds.

152
Number.

1131

134
Offenses and penalties, see main heading Offenses and penal-

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

640r, 1131
compensation
fixing of

640r, 1131 11, 134
limitation on.-

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

640i

10
offenses by, penalties.

1138d 151
prohibited from serving as directors on farm credit
boards..

640h

9
vacations and sick leaves, not subject to provisions of
certain Federal statutes.

640r (c)

12
Organization.---

1131 134
Powers
contracts, making of -

1138 149
corporate generally -

1138 149
directors and officers of production credit associations
approval and removal of..

1131e 138
fiscal agents of United States, designation.

1138b 150
incidental.-

1138 149
interest rate on production credit association loans
prescribed by

1131g

139
investment of funds in production credit association
stock.

11310 135
investment of production credit association funds
prescribed by

1131g 139
loans by production credit associations.-

1131g 139
of Governor respecting, see main heading Governor of

Farm Credit Administration
property, acquiring, holding and disposing of.... 1138 149
purchase of stock of production credit associations.. 11310 135
reserve account of production credit associations
amount prescribed by ---

1131f 139

11, 134

Page

Ba
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FE

مے

Production credit corporations-Continued.

U.S. C.
Powers--Continued.

Sec. No.
retirement of stock in production credit associations..- 11310 136
rules and regulations for production credit associations
investments

1131f, 1131g 139
loans

1131g

149
seal, use of

1138 149
subscription for stock in production credit associations. 1131c 135
suits by and against--

1138

149
Property
real and personal
power to acquire, hold and dispose of.

1138 149
subject to taxation...

1138c 151
tax exemption.-

11380 151
see also Farm Credit Boards, powers of, under main

heading Directors
Purchase of stock of production credit associations--- 11310 135
Receiverships, power of Governor to appoint receiver. 1138e 154
Reports on condition of institut ons receiving loans and
deposits

1095 129
Revolving fund.

1131c, 1131i 137, 141
Rules and regulations, see main heading Rules and regula-

tions
Seal, power to adopt and use.

1138 149
Stock, see main heading Capital stock
Suits by and against--

1138 149
Surplus----

11310 136
Tax exemption.

1138c 151
Voluntary liquidation..

1138e 154
Property, see under appropriate main headings
Public money

Depositaries for, see main heading Depositaries of United

States
Deposits of, in Federal land banks by Secr.tary of Treasury 991

100
Deposits of, secured by:
farm loan bonds_

941, 991 87, 100
Federal Farm Mortgage Corporation bonds.

10200
Federal intermediate credit bank debentures.

1045 122
Investment in mortgage loans or farm loan bonds, pro-
hibited.---

701

26
Lawful investment in:
Federal Farm Mortgage Corporation bonds.

1020c 109
Federal intermediate credit bank debentures.

1045 122
Puerto Rico
Crop and feed loans in..

1020i 112
Extension of farm loan and intermediate credit bank law to. 672

19
unaffected by provisions of $640a-j --

640k

11
Loans to farmers by Governor of Farm Credit Administra-
tion.---

1020i 112
Regional agricultural credit corporations
power to transact business in...

1148b 169
Purchase money mortgages, eligible as substituted collateral
security for farm loan bonds..

857

72

109

Q
Quick assets

Proportion of Federal land bank capital held in.-

[blocks in formation]

R
Real estate, see subheading Property under appropriate main

headings such as Federal land banks, etc.
Reamortization

Federal land bank mortgages---
Reappraisals, see Appraisals

[blocks in formation]

U, S. C.
Receivers

Sec. No,

Page
Banks for cooperatives, appointment of .-

1138e

154
Federal intermediate credit banks, appointment of

1025 117
embezzlement or misappropriation of assets by, pen-
alty-

1121, 1138d 130, 152
Federal land banks, appointment of..

963

90
provisions for national farm loan association receivers

applicable to, see National farm loan associations,

infra
Joint stock land banks, appointment of...

963

90
provisions for national farm loan association receivers

applicable to, see National farm loan associations,

infra
National farm loan associations
appointment of -

961

89
conservator in lieu of..

967 (a)

92
upon increased indebtedness of association after
conservatorship----

967 (f)

95
upon termination of conservatorship-

967 (c)

94
bond required

961

89
borrowing from Reconstruction Finance Corporation
for payment of taxes on real estate owned

963a

90
issuance of receivers' certificates against assets as
security for-

963a

90
collections deposited with Treasurer of United States,
authority of Secretary of Treasury respecting--

962

90
contingent liability determined by-

964

91
duties.-

961

89
powers of

borrow money from Reconstruction Finance Cor-

poration for payment of taxes on real estate
owned.no

963a

90
collect debts, dues and claims.

961

89
issuance of receivers' certificates against assets as

security for loan from Reconstruction Finance
Corporation --

963a

90
sell or compound bad or doubtful debts-

961

89
sell real or personal property---

961

89
take possession of books, records and assets_

961

89
receivers' certificates
constitute prior lien against assets.

963a
issuance of, to secure loan from Reconstruction
Finance Corporation, authority-

963a

90
report to Farm Credit Administration of acts and pro-
ceedings

962

90
taxes on real estate owned

loans from Reconstruction Finance Corporation
for payment of -

963a

90
Production credit associations, appointment of -

1138e 154
Production credit corporations, appointment of-

1138e 154
Reclamation projects of United States
Eligibility of mortgages on farm lands under.

773

51
Reconstruction Finance Corporation

Allocation of funds to Land Bank Commissioner. 1016 (a) 103
Discount of eligible paper for regional agricultural credit
corporations...

1148 168
Functions respecting regional agricultural credit corpora-

tions transferred to Farm Credit Administration, Execu-
tive Order No. 6084..

2
Loans
to receivers of land banks and associations..

963a

90
to regional agricultural credit corporations--

1148b 169
Regional agricultural credit -corporations, authority and
powers respecting:
capital stock, increase or decrease by-

1148a 169
creation of..

1148 168

90

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1148 et seq.

Reconstruction Finance Corporation-Continued.

U.S. C.
Regional agricultural credit corporations—Continued. Sec. No.

Page
expenses, payment of

1148 168
loans to..

1148b 169
rediscount of eligible paper with.

1148 168
subscriptions to capital by-.

1148

168
supervision of expenses.

1148 168
Reports on condition of institutions receiving loans or

deposits from district banks or corporations, authorized
to furnish...

1095 129
Revolving fund from regional agricultural credit corporation
stock proceeds --

1148a

169
Redemption

Assignment of mortgages and bonds to farm loan registrar,
to provide for right of --

853

71
Of Federal Farm Mortgage Corporation bonds by United
States

1020c 109
Rediscounts, see under appropriate main headings such as Banks

for cooperatives, Production credit associations, etc.
Regional agricultural credit corporations
Actu

168
Advances to farmers and stockmen

1148 168
Agents, appointment of, by Farm Credit Administra-
tion.

1148, 11480 168, 170
Borrowing money, power in respect to.-

1148b 169
Business, places of transacting -

1148b 169
Bylaws, authority of Farm Credit Administration to pre-
scribe in case of consolidations.-

11480 170
Capital
amount and source of..

1148 168
authority of Farm Credit Administration to fix in case
of consolidations.---

1148c 170
increases and decreases..

1148a 169
Charters.

1148, 11480 168, 170
Consolidation of...

1148b, 11480 170
Crimes and penalties, see main heading Offenses and penal-

ties, subheading Banks for cooperatives, etc.
Discount rate on loans or advances..

1148 168
District of Columbia, power to transact business in..

1148b 169
Employees, see Officers and employees, infra
Expenses of operation.-

1148, 11480 168, 170
Functions transferred from Reconstruction Finance Cor-
poration to Farm Credit Administration, Executive
Order No. 6084..

2
Intercorporation loans_

1148b 169
Interest rates
on intercorporation loans.

1148b 169
on loans and advances..

1148 168
Loans, see main heading Loans
Location..

1148, 11480 168, 170
Management-

1148, 11480 168, 170
Merger of, see Consolidations, supra
Offenses, see main heading Offenses and penalties, subheading

Banks for cooperatives, etc.
Officers and employees
appointment-

1148, 11480 168, 170
compensation.

1148, 11480 168, 170
offenses by, penalty-

1138d 151
Organization of -

1148, 11480 168, 170
Places of transacting business.-

1148, 11485 168, 169
Powers:
advances to farmers and stockmen.

1148 168
borrowing--

1148b 169
consolidate corporations...

1148b, 1148c, 1148d 170
loans to farmers and stockmen.

1148 168
loans to other regional agricultural credit corporations.. 1148b

169

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