...land banks and the notes, bonds, debentures and other obligations issued by the banks or associations shall be deemed and held to be instrumentalities of the Government of the United States and, as such, they and the income therefrom shall be exempt from all Federal, State, municipal, and...

...banks, or to joint stock land banks, and farm loan bonds Issued under the provisions of this chapter, shall be deemed and held to be Instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and...

...notes, debentures, and other similar obligations issued by the Commodity Credit Corporation under the provisions of this Act shall be deemed and held to...instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and...

...bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom snail be exempt from Federal, State, municipal, and local taxation. "Nothing herein shall prevent the...

...first mortgages executed to the State associations and the home loan bonds issued by the Federal bank "shall be deemed and held to be instrumentalities of the government of the United States, and as such they, and the income derived therefrom, shall be exempt from Federal, State, municipal...

...notes, debentures, and other similar obligations issued by the Commodity Credit Corporation under the provisions of this Act shall be deemed and held to...instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and...

...notes, debentures, and other similar obligations issued by the Commodity Credit Corporation under the provisions of this Act shall be deemed and held to...instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and...

...instruments secured thereby, and bonds issued by the Corporation under the provisions of this subchapter, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and...

...(orçorat ion under time provision¿ of this Act shall be deemed arjd held to be irst.rurrentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt horn Federal, State, reurmicipal, and local taxation (except surta¿es, estate, inheritance, and gift...

...banks, or to joint-stock land banks, and farm loan bonds issued under the provisions of this chapter, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and income derived therefrom shall be exempt from Federal, State, municipal, and local...