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881

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Bonds, farm loan-Continued

U.S.C.
Collateral security--Continued

Sec. No.* Page
reamortized mortgage loans-

781

44
return to land bank upon rejection of application -- 852

55
schedules of securities to registrar with application --- 841-2 54
substituted for mortgages withdrawn
Government bonds or cash..

855

56
mortgages

853, 892

55, 63
purchase money mortgages -

857

56
trust funds

898

64
U. S. Government bonds

841, 855, 892 54, 56, 63
withdrawal and substitution of other collateral.. 853, 892 55, 63
withdrawal on surrender of farm loan bonds -

894

63
Consolidated bonds, special provisions
additional collateral for..

881(d)

61
amortization and other payments on principal of
pledged mortgages-

60
amount determined by bond committee

884

62
application for

881

60
assessment for interest and principal.

882

61
attestation and signing-

876, 884 59, 62
authority to issue...

831(c), 875

52, 59
banks bound by act of Land Bank Commissioner and
Deputy Land Bank Commissioner.

878

59
bond committee..

884-5

62
certificate of Land Bank Commissioner.

880

60
collateral security--

881 60–61
coupons and bonds, payment of.

887, 881(d)

59, 61
directors obligate bank.-

879

59
exchanges
bonds of individual banks..

881(e)

61
Federal Farm Mortgage Corporation bonds -- 781, 1020c

44, 83
interest payments, failure to make...

882

61
interest rate.

884

62
Issuance of
amount determined by bond committee.

884

62
authority--

875

59
banks bound by act of Land Bank Commissioner
and Deputy Land Bank Commissioner..

878

59
certificate of Land Bank Commissioner.

880

60
directors to obligate banks respecting bond lia-
bility

879

59
execution by Land Bank Commissioner and De-
puty Land Bank Commissioner

884

62
limitation placed on Federal land banks

791

45
participation of land banks in issues-

881, 884

60, 62
joint and several obligations of banks.

876

59
land banks' participation in issues.

881(a), 884

60, 62
limitation on issue..

791

45
loans by Land Bank Commissioner, payment in.- 1016(g) 79
payment of -

877, 881(d) 59, 61
purchase of, by Federal Farm Mortgage Corporation.- 1020d 84
rules and regulations on exchanges

881(e)

61
sale, authorization..

875

59
expenses of bond committee.

885

62
security for loans.

1020d

84
signature and attestation.

876, 884 59, 62
taxation ---

880, 931

60, 67
Counterfeiting, see main heading Offenses and penalties
Coupon bonds, exchange for registered bonds.

864

57
Coupons, payment at maturity.

896

64
Defauited loans paid by associations in...

921
Definition

642

11
Delivery to banks through registrar.

851, 863 55, 57
Denominations.-

861

57

67

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Bonds, farm loan-Continued

U. S. c.
Exchanges

Sec. No.*
for Federal Farm Mortgage Corporation bonds

781
of consolidated bonds for bonds of individual banks. 881(e)
of Federal Farm Mortgage Corporation bonds.-

781
of registered and coupon bonds.-

864
Execution and delivery-

851
Expenses in preparing

864
Falsely making or passing, see main heading Offenses and

penalties
Farm Credit Administration authority -

831(c)
Farm loan registrars, authority and duties respecting, see

main heading Farm loan registrars
Federal reserve banks and member banks..

942-3
Forging of, see main heading Offenses and penalties
Forms of

861
certificate of Land Bank Commissioner on taxibility - 874, 880
preparation

864
prescribed by Farm Credit Administration.

831(f)
use of words "Federal" and "joint stock”.

642
Government deposits secured by..

941, 991
Government funds, investment in, prohibited.

701
Government instrumentalities -

931
Guaranty as to interest by Government-

992, 992a
Interest coupons attached.

861
Interest guaranteed bonds.

992–3
Interest rate

861
Investigation to be made by appraisers.

755
Joint stock land bank, special provisions
amount of issue, limitation.-

814
application to issue
collateral security-

841
made through farm loan registrar--

841
authority to issue.--

810, 821
Federal instrumentalities

931
form of bonds.

817
prescribed by Farm Credit Administration, 821, 831(f)
use of words "joint stock":

642
interest rate..

818--9
issuance authorized...

810, 821
may grant or refuse authorization.

831(c)
restrictions against, after May 12, 1933.

810
issued against mortgages..

821
lawful investment for fiduciary and trust funds_

941
must differ in form and color from Federal land bank
bonds.-

817
payment of, from principal of pledged mortgages

897
public deposits secured by -

941
purchase with payments on pledged mortgages.

897
taxation.

931
terms.

831(f)
land banks, power of-

781
lawful investments for fiduciary and trust funds.

941
Liability of land banks for payment
bonds of individual banks.

872-3
consolidated bonds.--

876, 879
Limitation on issue.--
Matured, full face value to be paid.

896
National farm loan associations may issue certificates
bearing interest convertible into...

761
Payment of
by other banks..

872
face value to holder on maturity-

896
medium of payment---

893
out of payments on pledged mortgages

897
place.

893
rules and regulations..

862
Plates, dies, etc., custody -

864

54

54
47,50

67

49
50, 52

11

49
47, 50

52
47
50
68

49
64
68
64
67
52
40
68

58
59
45
64

791

34

831(g),

52, 58

64
63
64
63
57
57

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58, 67

Bonds, farm loan-Continued

U.S. C.
Purchase

Sec. No.

Page
by bank of issue---

781

40
by Federal reserve banks...

943

68
by Federal reserve member banks.

942

68
with payments on pledged mortgages -

897

64
Registered bonds, exchange for coupon bonds.

864

57
Rejection of issue...

852

55
Retirement

781, 861--2 40, 57
Rules and regulations
exchanges --

864

57
interest payment-

893

63
payment and retirement

862

57
Sale
power of land banks...

781

40
to Federal reserve banks.

943

68
to Federal reserve member banks..

942

68
Schedules of securities submitted with application.

841-2

54
Security, see Collateral security above
Security for public deposits

941

68
Signature and attestation..

874

58
Taxation.

874, 931
Treasury, held in.

864

57
Bonds, Federal Farm Mortgage Corporation
Amount authorized.-

1020c

83
Borrower may elect to receive proceeds of loan in.

772

39
Counterfeiting, see main heading, Offenses and penalties
Custody of plates, dies, etc..

1020e

84
Denominations-

1020c

83
Direct loans of Federal land bank in, option to make.. 723(f)

27
Exchange

781, 1020c 44, 83
Expense for preparation, reimbursement..

1020e

84
False entries by officers and employees, see main heading

Offenses and penalties
Farm loan bonds exchanged..

781

44
Federal instrumentalities.-

1020f

84
Forging of, see main heading Offenses and penalties
Forms...

1020c, 1020e 83, 84
Guaranty by United States.

1020c
Interest rates.

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

1020c

83
Issuance

10200

83
Loans by Land Bank Commissioner, payment in. 1016(8)

79
Preparation of, by Secretary of the Treasury-

1020e

84
expense, reimbursement for

1020e

84
Purchase by
Federal Farm Mortgage Corporation..

1020c

83
Federal land banks.

781

41
with amortization and other payments on pledged
mortgages

897

64
United States

1020c

83
Redemption by United States.

1020e

84
Sale by
Federal land banks.

781

41
United States.-

1020c

83
Security for Federal intermediate credit bank debentures. 1041

89
Taxation..

1020f

84
Unauthorized issue or assignment of, see main heading Of-

fenses and penalties
Bonds, surety, see Surety bonds
Bonds, United States
Eligible collateral for
consolidated farm loan bonds---

881(a)

60
farm loan bonds of individual banks_

841, 855, 892 54, 56, 63
Federal intermediate credit bank debentures.

1041

89
Purchase by land banks.-

781

41
with amortization and other payments on pledged mort-

897
gages---

64

83

83

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771

U.S. C.
Bonds, United States—Continued

Sec. No.*
Sale by land banks..

781
Tendered as collateral for issue of farm loan bonds, returned
upon rejection of application for issue.-

852
Bonuses, see Gratuities
Borrowers
Central Bank for Cooperatives
amount of loans..

1134j
classes of

1134j
defaulting, retirement and cancellation of stock... 1134k
Federal land bank

deceased
direct

723(a)
organization of national farm loan associations by- 723(d)
land bank appraisers, ineligible as.

756
loan committee, eligible as members of .

756
loan proceeds in bonds ----

772
names, disclosure of, penalty-

18 U. S. C. 1907
noncompliance with terms.

714
shareholders of national farm loan associations required. 733

through impaired national farm loan associations.. 724
Production credit associations
class B stock ownership required..

1131g
Branch banks
Establishment

672, 672a
unaffected by provisions of g 640a-j-.

640k
Buildings
Federal land bank loans used for.

771
Insurance

771
Bulletins and circulars
Cooperative credit...

664
Predicting cotton prices.--
Publications on cooperative associations.

7 U. S. C. 453
Bylaws
Banks for cooperatives.-

1134a
Federal Farm Mortgage Corporation.-

1020
Federal land banks..

676
Production credit associations.

1131d
Production credit corporations.

1131a
Regional agricultural credit corporations..

1148c

36
25
26
33
33
39
132
22
29
27

101

15, 16

10

36
37

1141j

14
120
124

104
81
17
99
97
122

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C
Capital

Federal Farm Mortgage Corporation...
Capital Stock
Banks for cooperatives

amount.
guaranty fund, subscription to, in lieu of
increase or decrease -
owned by associations.
payments for stock from revolving fund.
retirement of stock

held by Government.

owned by associations.
shares, par value of -

tax exemption---
Central Bank for Cooperatives

amount.
dividends on.
guaranty fund
increase or decrease.
ownership by cooperatives.
payments for stock from revolving fund.
retirement of stock owned by associations.
shares, par value
subscriptions by Governor
tax exemption.

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Page

91

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92

93
92, 103

91
96

7
7
7

691

18
18

16

5
6
3

771
771

36
36

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Capital Stock-Continued

U.S. C.
Federal intermediate credit banks

Sec. No.*
amount of, increase or decrease...

1061
impairment
assessment on other banks..

1061
elimination..

1072
revolving fund, subscriptions from.-

1061, 11311
shares, par value-

1061
tax exemption.

1111
Federal land banks

amount of original stock..
amount of subscription giving permanent organization. 677
amount of subscription stated in organization certifi-
cate...

674
assumption of stock interest by

heirs or legal representative...

purchaser
cancelation on
completion of compartment-

724(b)
insolvency of associations...

964
organization of associations by direct borrowers - 723(d)
voluntary liquidation of associations..

966
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
repayments held in revolving fund..

698
reserves, ratio to outstanding capital.-
retired stock proceeds
paid to associations after conse

nservatorship--- --967(d)
retirement
on action of directors

721
original stock.
stock held by borrowers through branch banks.
stock subscribed by direct borrowers.
stock subscribed by United States -
required by Farm Credit Administration..

698
upon payment in full of mortgage loan------ 721, 723(c)
subscriptions by
borrowers through agents..

802
borrowers through branch bankò..

672
borrowers through impaired associations.
direct borrowers-

723(c)
national farm loan associations..
Secretary of Treasury for extensions and defer-
ments_.

781
United States.

698
subscriptions to original stock..

691, 692, 695
taxation.-

931
transfer or hypothecation of shares held by:

direct loan borrowers, to Federal Farm Mortgage

Corporation---
national farm loan associations

693
value of shares-

692
voting stock

694
Joint stock land banks
amount, minimum requirements---

815

70

25
20
65

901(a)

72

696

672
723(c)

696

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724(a)

46
15
27
26
25

721

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