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Page

of

99

Capital Stock-Continued

U.S. C.
Joint stock land banks-Continued

Sec. No.*
increase, power of Farm Credit Administration to
authorize.

831(a) 51
payment before issuance of bonds_

816

49
reserves, ratio to outstanding capital.

901(b) 65
taxation by State, limitation...

932

68
voting privileges ---

813

48
National farm loan associations
applicant must subscribe to..

733

29
dividend:

913

66
conservatorships.---

967 71-73
collateral security for loan.-

733

29
impaired..

724(a), 724(d) 27, 28
increase of...

734 29
power

Farm Credit Administration to
authorized

831(8)

51
issuance upon:
completion of compartment.--

724(b)

27
formation of national farm loan association by
direct loan borrowers..

723(d)

26
loan proceeds used to pay for stock.

742, 771

30, 38
par value of shares...

731

29
participation certificates.

967(d)

72
reserves to outstanding capital..

911

66
retirement..

721, 733

25, 29
shareholder's individual liability.

744, 744a 30, 31
subscriptions by borrowers_

733, 745

29, 31
taxation.

931

67
voting privilege

732

29
Production credit associations
amount prescribed by Governor...

1131d
class A
conversion of class B into..

113le, 1131g 100, 101
dividends..

113le, 1131f 100
exchange of class B for-

113le, 1131g 100, 101

1131e 100
preferred asset upon liquidation.

1131e 100
purchased by
investors.

113le 100
production credit corporations--

1131c.

98
retirement of stock held by production credit
corporations

1131c

98
subscriptions to, by production credit corporations 1131c

98
voting rights--

113le 100
class B
cancelation.

101
conversion into class A stock.

113le, 1131g 100, 101
dividends---

113le, 1131f 100
exchange for class A stock.

113le, 1131g 100, 101
housing loans.

1131g-1 101
ownership, limitation on.

1131e 100
ownership required by borrowers, amount.

101
par value of shares.-

1131e

100
retirement upon payment of loan.

101
transfer of --

1131e, 1131g 100, 101
value.

1131e, 1131g 100, 101
voting rights.--

1131e

100
impairment, restoration of

1131f

100
retirement, conditions for.

1131d

99
tax exemption.-

1138c 110
Production credit corporations
amount, increase or decrease_

1131b

97
initial stock.

1131b, 11310

97, 98
retirement of_

11310

98
shares, value of_

1131b

97

par value...

1131g

1131g

1131g

Page

1134f et seq.

Capital Stock-Continued

U.S. C.
PA Production credit corporations-Continued

Sec. No.*
subscription to, by Governor on..

11316

97
1
tax exemption----

1138c 110
Regional agricultural credit corporations .1148, 1148a, 11480 121, 122
Central Bank for Cooperatives
Act---

105
Assessment for cost of examinations---

832, 1138a 53, 109
Assets, lien of Governor for examination charges

1138a 109
3

Borrowers
classes

1134j 107
1-7

defaulting, retirement and cancelation of stock.. 1134k 107
loans.--

1134j 107
7,2

Capital stock, see main heading Capital stock
Charter

1134f, 1134j 105, 107
Citizenship, in State or district of principal office-

1138 109
31
Compensation of directors, officers or employees

1138f 111
Contracts

1138 109
27

Cooperative Bank Commissioner, see main heading Coop-

erative Bank Commissioner
Corporate existence and powers--

1134f, 1138 105, 109
Criminal offenses, see main heading Offenses and penalties
Custodian of collateral, appointment of -

1134m 108
Debentures ---

1134m 108
Directors, see main heading Directors
29
Discounts.

1134j 107
31
Dissolution.

1138 109
31
Dividends -

11341 108
57
Earnings, application of

11341 108
ng
Establishment..

1334f 105
Examinations, assessments for cost.

1138a

109
Federal instrumentality -

1138c 110
Fees and charges.

1138 109
Fiscal agent of United States.

1138b 110
Guaranty funds...

1134k 107
subscribers entitled to dividends..

11341 108
Incidental powers-

1138

109
Lending power.

1134j

107
Location.

1134f 105
Losses, application of earnings to.

11341 108
Notes, tax exemption.--

1138c 110
Officers and employees
compensation, limitation on.

1138f 111
disqualification of officers...

640i

9
Executive officer, chairman of board of directors. 1134h 106
Offices

1134f 105
Organization

1134f 105
Powers

1134j, 1138 107, 109
Property, real and personal.

1138, 11380 109, 110
Rediscount of paper.

11343 107
Reserves

11341 108
Rules and regulations.

1134j, 1134k, 1134m, 1138 107,

108, 109
Seal.--

1138

109
Stock, see main heading Capital stock
Suits.

1138 109
Surplus, creation and maintenance-

11341

108
Tax exemptions---

11380 110
Charters
Banks for cooperatives--

1134, 1134a 104
Central Bank for Cooperatives..

1134f, 1134) 105, 107
Federal intermediate credit banks.

1021, 1026

85, 86
Federal land banks..,

831(a)

51
Joint stock land banks.

811, 815, 831(a) 48, 49, 51
National farm loan associations

C

grant of

24, 51

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Charters-Continued

U. S. C.
National farm loan associations Continued

Sec. No.*

Page

719, 831(a)
to direct loan borrowers.

723(d)

26
Production credit associations.

1131d 99
Production credit corporations---

1131, 1131a 97
Regional agricultural credit corporations..

1148, 11480 121, 122
Circulars, see Bulletins and circulars
Civil Service

Farm Credit Administration employees, registrars,
examiners and appraisers_

659

13
Officers and employees under Agricultural Marketing Act-- 1141b 113
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 105
Central Bank for Cooperatives

1134j 107
Loans by
to banks for cooperatives..

1134c 105
to Central Banks for Cooperatives..

1134j 107
Commissioner loans, see Loans, subheading Land Bank Com-

missioner
Commissioners, see Cooperative Bank Commissioner, Farm

Loan Commissioner, Intermediate Credit Commissioner, Land

Bank Commissioner, and Production Credit Commissioner
Commissions
Agents of Federal land banks, payment to..

804

47
National farm loan associations..

743

30
Unauthorized, see main heading Offenses and penalties
Compensation, see Salaries
Comptroller General of United States

Examination of Agricultural Marketing Act revolving fund. 1141i 118
Comptroller of Currency
Furnishing reports of condition of
banks and other lending institutions rediscounting with
Federal intermediate credit banks...

1091

94
institutions receiving loans or deposits from district
banks or corporations.--

1095

90
Congress
Names of borrowers may be ordered disclosed.- 18 U. S. C. 1907

132
Report of Farm Credit Administration.

661, 1141b 14, 113
Reports and recommendations of Comptroller General on

expenditures from Agricultural Marketing Act revolving
fund..

1141i

118
Conservancy districts..

773a

39
Conservators for national farm loan associations-

967 71-73
Consolidated bonds, see Bonds, farm loan
Consolidated debendures, see Debentures, subheading Federal in-

termediate credit banks
Consolidations
Agricultural credit agencies of Government-

E, O. 6084

1
National farm loan associations.

965

70
Production credit associations..

1131d

99
Regional agricultural credit corporations.

1148b, 1148c 122
Conspiracy, see Offenses and penalties
Cooperative associations
Agricultural marketing act
cooperative marketing under.

1141c

113
loans.

1141e

114
Central bank for cooperatives
loans to.

1134j

107
stock ownership

1134k

107
District banks for cooperatives
loans touch

1134c, 1134j
stock ownership-

105, 107
11340

105

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Cooperative associations—Continued

U.S. C.
Federal intermediate credit banks

Sec, No.*
loans to and discounts for.

1031-2
Cooperative Bank Commissioner
Appointment...

638
Powers and duties

638, 1134g, 1134h, 1134j, 1134m

Page
87-88

24,51

97

1, 19

6

6,
105, 106,
107, 108

6
87-88

113

123
37, 78

120

13
113

Salary and expenses.

638
Cooperative banks..-

1031-2
Cooperative marketing

1141c
Cooperative Marketing Act.

7 U. S. C. 451 et seq.
Corporations, loans to-

771, 1016
Cotton prices, predictions prohibited.

1141j
Counterfeiting, see Offenses and penalties
Coupon bonds

864, 896
Courts
Accounts of farm loan associations or land bank, receiver
may settle under court order..

961, 963
Borrowers' names may be ordered disclosed by--- 18 U.S. C. 1907
Decisions on validity of Farm Loan Act,

1011
Criminal offenses, see Offenses and penalties

57, 64

105
107

69, 70

132

105
107

76

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108
108
108
110

--

89

89

90

D
Debentures
Central Bank for Cooperatives

alteration, counterfeiting or forgery of, see main heading

Offenses and' penalties
collateral security -

1134m
issuance, terms and conditions.

1134m
substitution of collateral..

1134m
tax exemption.

1138c
unauthorized making, issuing, or assigning, see main

heading Offenses and penalties
Federal intermediate credit banks

alteration of, see main heading Offenses and penalties
amount, limitation.---

1041
assignment without authority, see main heading Offenses

and penalties
collateral security --

1041-2
consolidated
issuance-

1044
purchase by Federal intermediate credit bank for
whose account issued..

1053
sale.

1044
counterfeiting, see main heading Offenses and penalties
defined -

1040, 1044
forgery, see main heading Offenses and penalties
Federal instrumentalities.

1111
form of.--

1043
interest rates...

1042
investments for fiduciary, trust and public funds..

1045
issuance.

1041-2, 1044
liabilities
bank of issue..

1081
Government, prohibited..

1043
one bank for issues of any other bank.

1081
maturity, limitation.

1041
payments.

1081
preparation..

1042
purchase.

1031, 1053
retirement.

1053
rules and regulations governing-

1042
sale..

1031, 1044
security-..

1041-2

91
90

89, 90

96
90
89

90
89, 90

93
90
93
89
93

89
87, 91

91

89
87, 90

89

1

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35
11
78

11, 39

36
24, 31,
37, 78

112

14

Debentures—Continued

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

Sec. No.*
trust receipt as security --

1042
unauthorized making, issuing or assigning, see main

heading Offenses and penalties.
Defaulted mortgage loans, see Mortgages and Loans
Deferments
Land Bank Commissioner loans.

1016(c)
Land bank loans

principal portion of installments for not more than ten
years,

854
eligibility of mortgages as collateral..

854
principal portion of installments for temporary period. 771
subscriptions to paid-in surplus for

781
Definitions
Agricultural commodities.

1141j
Agricultural products.-

7 U. S. C. 451
Cooperative associations-

1141j
Corporations

-771, 1016(f)
Debentures

1040, 1044
Equipment.-

771
Farm loan bonds.

642
Farmer.

1016 (f)
First mortgage.

642, 773
Improvement.

771
Person..

716, 745, 771, 1016(f)
Surplus.----

1141
Department of Agriculture

Bulletins and circulars of Farm Credit Administration dis-
tributed through...

664
Division of Cooperative Marketing transferred to Federal
Farm Board ---

E. O. 5200
Farm Credit Administration transferred to.

Footnote
Depositaries
Federal land banks

for national farm loan association funds and securities. 781
for public money--

991
Federal Reserve member banks for Federal land banks.. 781
Institutions receiving deposits from district units, reports on
condition.

1095
Depositaries of United States
Federal land banks.

701
Joint stock land banks.

701
Deposits

Federal land banks in Federal Reserve member banks..- 781
In Federal land banks
Government-

991
national farm loan associations..

781
restrictions on.

791
Public money, secured by:
farm loan bonds__

941, 991
Federal Farm Mortgage Corporation bonds_

1020c
Federal intermediate credit bank debentures

1045
Quick assets of Federal land banks in Federal Reserve mem-
ber banks.

697
Deputy Land Bank Commissioner
Consolidated farm loan bonds
attestation

876
execution

884
Federal land banks bound by act-

878, 879
Direct loans

723
Directors
Banks for cooperatives
compensation, limitations on --

1138f
farm credit board members constitute board.

1134

[graphic]

4
4-5

41
74
41

96

21
21

41

74
41
45

68, 74

83
90

20

59
62

59
25–27

111

104

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