United States Code Title 12 — Banks and Banking

§ 2147. Patronage pools

§ 2147.

Patronage pools

Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—

(1)

for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and

(2)

allocate revenues, expenses, and net savings among such pools on an equitable basis.