CHAPTER 23 — Farm Credit System
201 sections.
SUBCHAPTER I — FARM CREDIT BANKS 13 sections
- § 2011. — Establishment, charters, titles, branches
- § 2012. — Board of directors
- § 2013. — General corporate powers
- § 2014. — Farm Credit Bank capitalization
- § 2015. — Lending authority
- § 2016. — Interest rates and other charges
- § 2017. — Eligibility
- § 2018. — Security; terms
- § 2019. — Purposes for extensions of credit
- § 2020. — Related services
- § 2021. — Loans through associations or agents
- § 2022. — Liens on stock
- § 2023. — Taxation
SUBCHAPTER II — FARM CREDIT ASSOCIATIONS 16 sections
Part A — Production Credit Associations 8 sections
- § 2071. — Organization and charters
- § 2072. — Board of directors
- § 2073. — General corporate powers
- § 2074. — Production credit association capitalization
- § 2075. — Short- and intermediate-term loans; participation; other financial assistance; terms; conditions; interest; security
- § 2076. — Other services
- § 2076a. — Liens on stock
- § 2077. — Taxation
Part B — Federal Land Bank Associations 8 sections
- § 2091. — Organizations; articles; charters; powers of the Farm Credit Administration
- § 2092. — Board of directors
- § 2093. — General corporate powers
- § 2094. — Federal land bank association capitalization
- § 2095. — Repealed. Pub. L. 100–399, title IV, § 401(v), Aug. 17, 1988, 102 Stat. 999
- § 2096. — Agreements for sharing gains or losses
- § 2097. — Liens on stock
- § 2098. — Taxation
SUBCHAPTER III — BANKS FOR COOPERATIVES 24 sections
Part A — Banks for Cooperatives 14 sections
- § 2121. — Establishment; titles; branches
- § 2122. — Corporate existence; general corporate powers
- § 2123. — Board of directors
- § 2124. — Stock of banks for cooperatives
- § 2125. — Dividends
- § 2126. — Retirement of stock
- § 2127. — Guaranty fund subscriptions in lieu of stock
- § 2128. — Loans, commitments, and technical and financial assistance
- § 2129. — Eligibility
- § 2130. — Ownership of stock by borrowers
- § 2131. — Loans
- § 2132. — Earnings and reserves; application of savings
- § 2133. — Distribution of assets on liquidation or dissolution
- § 2134. — Taxation
Part B — National Banks for Cooperatives 10 sections
- § 2141. — Charter, powers, and operation
- § 2142. — Repealed. Pub. L. 115–334, title V, § 5411(14), Dec. 20, 2018, 132 Stat. 4680
- § 2143. — Credit delivery office
- § 2144. — Consolidation of functions
- § 2145. — Exchange of ownership interests
- § 2146. — Capitalization
- § 2147. — Patronage pools
- § 2148. — Transactions to accomplish merger
- § 2149. — Lending limits
- § 2149a. — Repealed. Pub. L. 115–334, title V, § 5411(16), Dec. 20, 2018, 132 Stat. 4680
SUBCHAPTER IV — PROVISIONS APPLICABLE TO TWO OR MORE CLASSES OF INSTITUTIONS OF THE SYSTEM 46 sections
Part A — Funding 13 sections
- § 2151. — Repealed. Pub. L. 115–334, title V, § 5411(17), Dec. 20, 2018, 132 Stat. 4680
- § 2152. — Repealed. Pub. L. 100–233, title II, § 207(a)(1), Jan. 6, 1988, 101 Stat. 1607
- § 2153. — Power to borrow; issuance of notes, bonds, debentures, and other obligations
- § 2154. — Capital adequacy of banks and institutions
- § 2154a. — Capitalization of System institutions
- § 2155. — Liability of banks; United States not liable
- § 2156. — Repealed. Pub. L. 100–233, title II, § 204(b), Jan. 6, 1988, 101 Stat. 1607
- § 2157. — Bonds as investments
- § 2158. — Purchase and sale by Federal Reserve System
- § 2159. — Purchase and sale of obligations
- § 2160. — Federal Farm Credit Banks Funding Corporation
- § 2161. — Repealed. Pub. L. 100–399, title I, § 101(a), Aug. 17, 1988, 102 Stat. 989
- § 2162. — Protection of borrower stock
Part B — Dissolution 3 sections
- §§ 2181, 2182. — Repealed. Pub. L. 100–233, title IV, § 418(a)(2), (3), formerly § 415(a)(2), (3), Jan. 6, 1988, 101 Stat. 1653; renumbered § 418(a)(2), (3), Pub. L. 100–399, title IV, § 409(a), Aug. 17, 1988, 102 Stat. 1003
- § 2183. — Dissolution; voluntary or involuntary liquidation; mergers; receiverships or conservators
- § 2184. — Communications with stockholders
Part C — Rights of Borrowers; Loan Restructuring 9 sections
- § 2199. — Disclosure
- § 2200. — Access to documents and information
- § 2201. — Notice of action on application
- § 2202. — Reconsideration of actions
- § 2202a. — Restructuring distressed loans
- § 2202b. — Effect of restructuring on borrower stock
- § 2202c. — Repealed. Pub. L. 115–334, title V, § 5411(23), Dec. 20, 2018, 132 Stat. 4682
- § 2202d. — Protection of borrowers who meet all loan obligations
- § 2202e. — Waiver of mediation rights by borrowers
Part D — Activities of Institutions of the System 8 sections
- § 2203. — Nomination of association directors; representative selection of nominees
- § 2204. — Repealed. Pub. L. 102–552, title V, § 508, Oct. 28, 1992, 106 Stat. 4132
- § 2205. — Interest rates
- § 2206. — Participation loans
- § 2206a. — Authority of Farm Credit Banks and direct lender associations to participate in loans to similar entities for risk management purposes
- § 2207. — Young, beginning, and small farmers and ranchers
- § 2208. — Prohibition against use of signed ballots
- § 2209. — Repealed. Pub. L. 115–334, title V, § 5403, Dec. 20, 2018, 132 Stat. 4675
Part E — Service Organizations 5 sections
Part D1 — Farm Credit System Capital Corporation 1 sections
Part F — Sale of Insurance 1 sections
SUBCHAPTER V — FARM CREDIT ADMINISTRATION ORGANIZATION 60 sections
Part A — District Organization 2 sections
Part B — Farm Credit Administration Organization 21 sections
- § 2241. — Farm Credit Administration
- § 2242. — Farm Credit Administration Board
- § 2243. — Powers of Board
- § 2244. — Chairman; responsibilities; governing standards
- § 2245. — Organization of Farm Credit Administration
- § 2246. — Advisory committees
- § 2247. — Repealed. Pub. L. 99–205, title II, § 201(2), Dec. 23, 1985, 99 Stat. 1690
- § 2248. — Seal of the Farm Credit Administration
- § 2249. — Administrative expenses
- § 2250. — Farm Credit Administration operating expenses fund
- § 2251. — Quarters and facilities for the Farm Credit Administration
- § 2252. — Powers and duties
- § 2253. — Repealed. Pub. L. 115–334, title V, § 5411(30), Dec. 20, 2018, 132 Stat. 4682
- § 2254. — Examinations
- § 2255. — Conditions of other banks and lending institutions
- § 2256. — Consent to the availability of reports and to examinations
- § 2257. — Reports on conditions of institutions receiving loans or deposits
- § 2257a. — Uniform financial reporting instructions
- § 2258. — Jurisdiction
- § 2259. — State legislation
- § 2260. — Transferred
Part C — Enforcement Powers of Farm Credit Administration 16 sections
- § 2261. — Cease and desist proceedings
- § 2262. — Temporary cease and desist orders
- § 2263. — Enforcement of temporary cease and desist orders
- § 2264. — Suspension or removal of director or officer
- § 2265. — Suspension or removal of director or officer charged with felony
- § 2265a. — Removal and prohibition authority; industry-wide prohibition
- § 2266. — Hearings and judicial review
- § 2267. — Jurisdiction and enforcement
- § 2267a. — Jurisdiction over institution-affiliated parties
- § 2268. — Penalty
- § 2269. — Further penalties
- § 2270. — Replacement of suspended or removed directors
- § 2271. — Definitions
- § 2272. — Notice of service
- § 2273. — Ancillary provisions; subpena power; etc.
- § 2274. — Power to remove directors and officers
Part D — Miscellaneous 3 sections
- § 2275. — Repealed. Pub. L. 115–334, title V, § 5411(36), Dec. 20, 2018, 132 Stat. 4683
- § 2275a. — Transition rules relating to amendment of certain FCA approval authorities
- § 2276. — Access to and examination by Comptroller General of books, documents, etc., of farm credit system banks and institutions
Part E — Farm Credit System Insurance Corporation 18 sections
- § 2277a. — Definitions
- § 2277a–1. — Establishment of Farm Credit System Insurance Corporation
- § 2277a–2. — Board of Directors
- § 2277a–3. — Commencement of insurance
- § 2277a–4. — Premiums
- § 2277a–5. — Certification of premiums
- § 2277a–6. — Overpayment and underpayment of premiums; remedies
- § 2277a–7. — General corporate powers
- § 2277a–8. — Conduct of corporate affairs; examination of System institutions
- § 2277a–9. — Insurance Fund
- § 2277a–10. — Powers of Corporation with respect to troubled insured System banks
- § 2277a–10a. — Oversight actions by Corporation
- § 2277a–10b. — Authority to regulate golden parachute and indemnification payments
- § 2277a–10c. — Corporation as conservator or receiver; certain other powers
- § 2277a–11. — Investment of funds
- § 2277a–12. — Exemption from taxation
- § 2277a–13. — Omitted
- § 2277a–14. — Prohibitions
SUBCHAPTER VI — ASSISTANCE TO FARM CREDIT SYSTEM 1 sections
SUBCHAPTER VII — RESTRUCTURING OF SYSTEM INSTITUTIONS 15 sections
Part A — Merger of Banks Within a District 6 sections
Part B — Mergers, Transfers of Assets, and Powers of Associations Within a District 5 sections
subpart 1 — transfers by federal land banks to federal land bank associations 2 sections
subpart 2 — merger of like and unlike associations 1 sections
subpart 3 — reconsideration 1 sections
subpart 4 — termination and dissolution of institutions 1 sections
Part C — Approval of Disclosure Information and Issuance of Charters by the Farm Credit Administration Board 1 sections
Part D — Mergers of Like Entities 2 sections
Part E — Taxation of Merger Transactions 1 sections
SUBCHAPTER VIII — AGRICULTURAL MORTGAGE SECONDARY MARKET 24 sections
Part A — Establishment and Activities of Federal Agricultural Mortgage Corporation 14 sections
- § 2279aa–1. — Federal Agricultural Mortgage Corporation
- § 2279aa–2. — Board of directors
- § 2279aa–3. — Powers and duties of Corporation and Board
- § 2279aa–4. — Stock issuance
- § 2279aa–5. — Certification of agricultural mortgage marketing facilities
- § 2279aa–6. — Guarantee of qualified loans
- § 2279aa–7. — Repealed. Pub. L. 104–105, title I, § 108(b), Feb. 10, 1996, 110 Stat. 164
- § 2279aa–8. — Standards for qualified loans
- § 2279aa–9. — Exemption from restructuring and borrowers rights provisions for pooled loans
- § 2279aa–10. — Funding for guarantee; reserves of Corporation
- § 2279aa–11. — Supervision, examination, and report of condition
- § 2279aa–12. — Securities in credit enhanced pools
- § 2279aa–13. — Authority to issue obligations to cover guarantee losses of Corporation
- § 2279aa–14. — Federal jurisdiction
Part B — Regulation of Financial Safety and Soundness of Federal Agricultural Mortgage Corporation 8 sections
- § 2279bb. — Definitions
- § 2279bb–1. — Risk-based capital levels
- § 2279bb–2. — Minimum capital level
- § 2279bb–3. — Critical capital level
- § 2279bb–4. — Enforcement levels
- § 2279bb–5. — Mandatory actions applicable to level II
- § 2279bb–6. — Supervisory actions applicable to level III
- § 2279bb–7. — Repealed. Pub. L. 115–334, title V, § 5411(51), Dec. 20, 2018, 132 Stat. 4685