Borrowers-Continued
Federal land bank-Continued

shareholders of national farm loan associations required..

through impaired national farm ioan associations...
Production credit associations

class B stock ownership required....
Branch banks
Establishment...

unaffected by provisions of g 640a-..
Bulletins and circulars

Cooperative credit...,

Predicting cotton prices...
Bylaws

Banks for cooperatives...
Federal Farm Mortgage Corporation.
Federal intermediate credit banks..
Federal land banks......
Production credit associations.

C

Capital

Federal Farm Mortgage Corporation...

1020b, 1020f 105, 108

Capital Stock

143

Banks for cooperatives
amount, increase or decrease.

1134b 134
classes A, B, and C....

1134d (a)

136
guaranty fund, subscription to, in lieu of.

1134d (b) 138
lien on stock held by cooperative associations as collateral for
their indebtedness..

1134d (c)

139
payments for stock from revolving fund.

1134b 134
purchases required of borrowers.

1134d (a) (3) 137
retirement of stock..

1134d (a) 136
shares, par value of..

1134b, 1134d (a) 134, 136
tax exemption..

1138c 150
Central Bank for Cooperatives
amount, increase or decrease...

1134i 143
district bank stock provisions applicable.

1134k 144
payments for stock from revolving fund.

1134i
purchases required of district banks..

1134d (a) (3)

137
shares, par value.

1134i 143
subscriptions by Governor.

11341 143
tax exemption...

1138c 150
Federal intermediate credit banks
class A, issued to Governor.....

1061 (a) (1)

118
class B, issued to production credit associations.

1061 (a) (2)

119
tax exemption.

1111

127
Federal land banks
amount of original stock....

691 29
amount of subscription giving permanent organization.

677

29
amount of subscription stated in organization certificate.

674

27
assumption of stock interest by
heirs or legal representative.

771

51
purchaser..

771

51

Page

40
90
38
91

38
36

38
36

30

27, 67

91
29

1

31

90
37
84

101

93

Capital Stock-Continued
Federal land banks Continued

U.S.C.
cancellation on

Sec. No.*
completion of compartment..

724 (b)
insolvency of associations...

964
organization of associations by direct borrowers.

723 (d)

966
voluntary liquidation of associations .....
collateral security for
direct loans...

723 (c)
loans through associations.

721
dividends
direct borrowers.....

723 (c)
national farm loan associations.

721
United States..

694
increase in.....

674, 831 (a)
issued on voluntary liquidation of associations.

966
par value of shares..

692
proportion held in quick assets.

697
reduction of
certification to Farm Credit Administration,..

964
limitation,..

722
reserves, ratio to outstanding capital..

901
retired stock proceeds
paid to associations after conservatorship..

967 (d)
retirement
on action of directors.

721
original stock.....

696
stock held by borrowers through branch banks.

672
stock subscribed by direct borrowers..

723 (c)
stock subscribed by United States.

696
upon payment in full of mortgage loan.

721, 723 (c)
subscriptions by
borrowers through agents....

802
borrowers through branch banks..

672
borrowers through impaired associations.
direct borrowers....
national farm loan associations.

721
subscriptions to original stock.

691, 692, 695
taxation...

931
transfer or hypothecation of shares held by:

direct loan borrowers, to Federal Farm Mortgage Corpora-

tion.....
national farm loan associations.

693
value of shares..

692
voting stock.

694
Joint stock land banks
amount, minimum requirements..

815
Government not to purchase or subscribe..

813
increase, power of Farm Credit Administration to authorize.. 831 (a)
payment before issuance of bonds.

816
taxation by State, limitation.

932

36
31
25

38

31
36, 38

724 (a)
723 (c)

62
25
39
38

36
29, 30

87

87

Page

731

Capital Stock-Continued

U.S.C.
National farm loan associations

Sec. No.*
applicant must subscribe to.

733 42
dividends.

913 86
conservatorships..

967 92
collateral secuity for loan..

733 42
impaired..

724 (a), 724 (d) 39, 41
increase of.....

734 42
power

of Farm Credit Administration to authorize. 831 (a) 67
issuance upon:
completion of compartment.

724 (b) 40
formation of national farm loan association by direct loan
borrowers...

723 (d) 38
loan proceeds used to pay for stock.

742, 771 43, 52
par value of shares..

41
participation certificates...

967 (d) 93
reserves to outstanding capital..

911 85
retirement....

721, 733 36, 42
shareholder's individual liability.

744, 744a 43, 44
subscriptions by borrowers..

733, 745 42, 44
taxation....

931 87
voting privilege.

732 42
Production credit associations
amount prescribed by Governor.

1131d 128
class A
conversion of class B into....

1131e, 1131g 129, 131
dividends.

1131e, 1131f 129, 130
exchange of class B for.

1131e, 1131g 129, 131
par
value..

1131e 129
preferred asset upon liquidation..

11310 129
purchased by
investors..

1131e 129
Governor.

1131c 127
retirement of stock held by Governor.

1131c 127
voting rights..

1131e 129
class B
cancellation

1131g

131
conversion into class A stock..

1131e, 1131g 129, 131
dividends.....

1131e, 1131f 129, 130
exchange for class A stock..

1131e, 1131g 129, 131
ownership, limitation on.....

1131e 129
ownership required by borrowers, amount.

1131g

131
par value of shares..

1131e 129
retirement upon payment of loan.

1131g 131
transfer of..

1131e, 1131g 129, 131
value...

1131e, 1131g 129, 131
voting rights.

1131e 129
class C....

1131e-1 129
impairment, restoration of.

1131f 130
retirement, conditions for..

1131d 128
tax exemption...

1138c 150
Production credit corporations-canceled or exchanged for class A
stock of intermediate credit banks.

1027 (a), 1061 (a) (1) 111, 118

Federi
Fees a
Fiscal
Frane
Incic
len-
Loc
LE

0

1134f et seq.

U.S.C.

Sec. No.*
Central Bank for Cooperatives

Page
Act.....

133
Assessment for cost of examinations..

832, 1138a 69, 149

1138a 149
Assets, lien of Governor for examination charges..
Borrowers
classes..

1134j 143
defaulting, retirement and cancellation of stock. ... 1134d (c), 1134k 139, 144
loans...

1134j

143
Capital stock, see main heading Capital stock
Charter..

1134, 1134j 140, 143

1138 149
Citizenship, in State or district of principal office...
Contracts....

1138 149
Corporate existence and powers.

1134f, 1138 140, 149
Criminal offenses, see main heading Offenses and penalties

1134m
Custodian of collateral, appointment of..

147

1134m
Debentures...

147
Directors, see main heading Directors
Discounts.

1134j 143

1138
Dissolution.

149

11341 (c) 147
Distribution of assets on liquidation or dissolution..

11341 145
Earnings, application of..

1134f
Establishment.

140
Examinations, assessments for cost.

832, 1138a 69, 149

1138c
Federal instrumentality.

150
29, 2
Fees and charges.

1138

149

1138b 150
Fiscal agent of United States.

11341 (a)
29,6
Franchise tax...

145

1138
12
Incidental powers.

149
12
Lending power.

11341

143
Location ...

1134f

140

11341 145
Losses, application of earnings to.

1138c
Notes, tax exemption...

150
Officers and employees

640i

19
disqualification of officers...

1134h 142
Executive officer, chairman of board, etc.
Offices...

1134f

140

1134f
Organization..

140

11341 (b) 146
Patronage refunds..
Powers ...

1134j, 1138 143, 149
Property, real and personal.

1138, 1138c 149, 150
Rediscount of paper....

1134j 143
Reserves.

11341 (a) 145
Rules and regulations.

1134j, 1134m, 1138 143,

147, 149
Savings, application of..

11341 (a) 145
1138

149
Stock, see main heading Capital stock
Suits...

1138 149
Surplus account.

11341 (a)

145
Tax exemptions.

1138c

150
Charters
Banks for cooperatives....

1134, 1134a 133, 134

Seal....

Page

grant of ...

U.S.C.
Charters--Continued

Sec. No.*
Federal intermediate credit banks.

1021, 1026 109, 111
Federal land banks..

831 (a)

67
Joint stock land banks..

811, 815, 831 (a) 63, 64,

67
National farm loan associations
amendments, territorial readjustments..

719 36
719,831 (a)

36,67
to direct loan borrowers.

723 (d)

38
Production credit associations..

1131d 128
Circulars, see Bulletins and circulars
Civil Service

Farm Credit Administration employees, registrars, examiners and
appraisers...

659 23
Officers and employees under Agricultural Marketing Act.

1141b 152
Collateral

Debentures, see main heading Debentures

Farm loan bonds, see main heading Bonds, farm loan
Commercial banks
Discount or rediscount of paper for
banks for cooperatives....

1134c 135
Central Bank for Cooperatives..

1134j 143
Loans by
to banks for cooperatives.

1134c 135
to Central Bank for Cooperatives...

1134j 143
Commissioner loans, see Loans, subheading Land Bank Commissioner
Commissioners, offices abolished...

636f 10
Commissions
Agents of Federal land banks, payment to.

804 62
National farm loan associations....

743 43
Unauthorized, see main heading Offenses and penalties
Compensation, see Salaries
Comptroller General of United States

Examination of Agricultural Marketing Act revolving fund....... 1141i 156
Comptroller of Currency
Furnishing reports of condition of

banks and other lending institutions rediscounting with Federal
intermediate credit banks.....

1091 124
institutions receiving loans or deposits from district banks or
corporations..

1095 126
Congress
Names of borrowers may be ordered disclosed..

18 U. S. C. 1907 168
Report of Farm Credit Administration....

636e, 661, 1141b 9, 24,

152
Conservancy districts....

773a 54
Conservators for national farm loan associations..

967

92
Consolidated bonds, see Bonds, farm loan
Consolidated debentures, see Debentures, subheading Federal interme-

diate credit banks, banks for cooperatives
Consolidations
Agricultural credit agencies of Government.

E. O. 6084
National farm loan associations..

965 91
Production credit associations..

1131d 128

1