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Hide details for 1971 ACT AS AMENDED1971 ACT AS AMENDED
Hide details for IntroductionIntroduction
-Preamble
Sec. 1.1Policy and Objectives
Sec. 1.2The Farm Credit System
Hide details for Title I Farm Credit BanksTitle I Farm Credit Banks
Sec. 1.3Establishment, Charters, Titles, Branches
Sec. 1.4Board of Directors
Sec. 1.5General Corporate Powers
Sec. 1.6Farm Credit Bank Capitalization
Sec. 1.7Lending Authority
Sec. 1.8Interest Rates and Other Charges
Sec. 1.9Eligibility
Sec. 1.10Security: Terms
Sec. 1.11Purposes for Extensions of Credit
Sec. 1.12Related Services
Sec. 1.13Loans Through Associations or Agents
Sec. 1.14Liens on Stock
Sec. 1.15Taxation
Hide details for Title II Farm Credit AssociationsTitle II Farm Credit Associations
Sec. 2.0Organization and Charters
Sec. 2.1Board of Directors
Sec. 2.2General Corporate Powers
Sec. 2.3Production Credit Association Capitalization
Sec. 2.4Short- and Intermediate-Term loans; Participation; Other financial Assistance; Terms; Conditions; Interest; Security
Sec. 2.5Other Services
Sec. 2.6Liens on Stock
Sec. 2.7Taxation
Sec. 2.10Organizations; Articles; Charters; Powers of the Farm Credit Administration
Sec. 2.11Board of Directors
Sec. 2.12General Corporate Powers
Sec. 2.13Federal Land Bank Association Capitalization
Sec. 2.14Agreements for Sharing Gains or Losses
Sec. 2.15Liens on Stock
Sec. 2.16Taxation
Hide details for Title III Banks for CooperativesTitle III Banks for Cooperatives
Sec. 3.0Establishment; Titles; Branches
Sec. 3.1Corporate Existence; General Corporate Powers
Sec. 3.2Board of Directors
Sec. 3.3Banks for Cooperatives Stock; Value; Classes of Stock; Voting; Exchange
Sec. 3.4Dividends
Sec. 3.5Retirement of Stock
Sec. 3.6Guaranty Fund Subscriptions in Lieu of Stock
Sec. 3.7Lending Power
Sec. 3.8Eligibility
Sec. 3.9Ownership of Stock by Borrowers
Sec. 3.10Interest Rates; Security; Lien; Cancellation; and Application on Indebtedness
Sec. 3.11Earnings and Reserves; Application of Savings
Sec. 3.12Distribution of Assets on Liquidation or Dissolution
Sec. 3.13Taxation
Sec. 3.20Charter, Powers, and Operation
Sec. 3.21Board of Directors Provisions
Sec. 3.22Credit Delivery Office
Sec. 3.23Consolidation of Functions
Sec. 3.24Exchange of Ownership Interests
Sec. 3.25Capitalization
Sec. 3.26Patronage Pools
Sec. 3.27Transactions to Accomplish the Merger
Sec. 3.28Lending Limits
Sec. 3.29Reports to Merged Banks For Cooperatives
Hide details for Title IV Provisions Applicable to Two or More Classes of Institutions of the SystemTitle IV Provisions Applicable to Two or More Classes of Institutions of the System
Sec. 4.0Revolving Fund
Sec. 4.1Repealed
Sec. 4.2Power to Borrow; Issue Notes; Bonds, Debentures, and Other Obligations
Sec. 4.3Capital Adequacy of Banks and Associations
Sec. 4.3ACapitalization of System Institutions
Sec. 4.4Liability of Banks; United States not Liable
Sec. 4.5Repealed
Sec. 4.6Bonds as Investments
Sec. 4.7Purchase and Sale by Federal Reserve System
Sec. 4.8Purchase and Sale of Obligations; Additional Powers
Sec. 4.9Federal Farm Credit Banks Funding Corporation
Sec. 4.9AProtection of Borrower Stock
Sec. 4.12Dissolution; Voluntary Liquidation; Mergers; Receiverships; and Conservators
Sec. 4.12ACommunications with Stockholders
Sec. 4.13Disclosure
Sec. 4.13AAccess to Documents and Information
Sec. 4.13BNotice of Action on Application
Sec. 4.14Reconsideration of Actions
Sec. 4.14ARestructuring Distressed Loans
Sec. 4.14BEffect of Restructuring on Borrower Stock
Sec. 4.14CReview of Restructuring Denials
Sec. 4.14DProtection of Borrowers Who Meet All Loan Obligations
Sec. 4.14EWaiver of Mediation Rights by Borrowers
Sec. 4.15Nomination of Association Directors; Representative Selection of Nominees
Sec. 4.16Repealed
Sec. 4.17Interest Rates
Sec. 4.18Participation Loans
Sec. 4.18AAuthority of Farm Credit Banks and Direct Lender Associations to Participate in Loans to Similar Entities for Risk Management Purposes
Sec. 4.19Young, Beginning, and Small Farmers and Ranchers
Sec. 4.20Prohibition Against Use of Signed Ballots
Sec. 4.21Compensation of Bank Directors
Sec. 4.25Establishment
Sec. 4.26Powers of the Farm Credit Administration
Sec. 4.27Regulation and Examination
Sec. 4.28State Laws
Sec. 4.28ADefinition of Bank
Sec. 4.29Lines of Insurance
Sec. 4.35Limitation on Separate Sale
Sec. 4.36Right of First Refusal
Sec. 4.37Application of Uninsured Accounts
Sec. 4.38Affirmative Action
Sec. 4.39Encouragement of Conservation Practices
Hide details for Title V Farm Credit Administration OrganizationTitle V Farm Credit Administration Organization
Sec. 5.7The Farm Credit Administration
Sec. 5.8The Farm Credit Administration Board; Appointment; Terms of Office; Organization and Compensation
Sec. 5.9Powers of the Board
Sec. 5.10Chairman; Responsibilities; Governing Standards
Sec. 5.11Organization of the Farm Credit Administration
Sec. 5.12Advisory Committees
Sec. 5.13Seal
Sec. 5.14Administrative Expenses
Sec. 5.15Farm Credit Administration Operating Expenses Fund
Sec. 5.16Quarters and Facilities for the Farm Credit Administration
Sec. 5.17Enumerated Powers
Sec. 5.18Prior Delegations
Sec. 5.19Examinations
Sec. 5.20Conditions of Other Banks and Lending Institutions
Sec. 5.21Consent to the Availability of Reports and to Examinations
Sec. 5.22Reports on Conditions of Institutions Receiving Loans or Deposits
Sec. 5.22AUniform Financial Reporting Instructions
Sec. 5.23Jurisdiction
Sec. 5.24State Legislation
Sec. 5.25Cease and Desist Proceedings
Sec. 5.26Temporary Cease and Desist Orders
Sec. 5.27Enforcement of Temporary Cease and Desist Orders
Sec. 5.28Suspension or Removal of Director or Officer
Sec. 5.29Suspension or Removal of Director or Officer Charged with Felony
Sec. 5.30Hearings and Judicial Review
Sec. 5.31Jurisdiction and Enforcement
Sec. 5.32Penalty
Sec. 5.33Further Penalties
Sec. 5.34Replacement of Suspended or Removed Directors
Sec. 5.35Definitions
Sec. 5.36Notice of Service
Sec. 5.37Ancillary Provisions; Subpoena Power, Etc.
Sec. 5.38Power to Remove Directors and Officers
Sec. 5.40Repeal
Sec. 5.41Amendments to Other Laws
Sec. 5.42Separability
Sec. 5.43Reserve Right to Amend or Repeal
Sec. 5.44General Accounting Office Audit; Report to Congress
Sec. 5.45Transition Rules Relating to Amendment of Certain FCA Approval Authorities
Sec. 5.51Definitions
Sec. 5.52Establishment of Farm Credit System Insurance Corporation
Sec. 5.53Board of Directors
Sec. 5.54Commencement of Insurance
Sec. 5.55Premiums
Sec. 5.56Certification of Premiums
Sec. 5.57Overpayment and Underpayment of Premiums; Remedies
Sec. 5.58General Corporate Powers
Sec. 5.59Conduct of Corporate Affairs; Examination of System Institutions
Sec. 5.60Insurance Fund
Sec. 5.61Powers of Corporation with Respect to Troubled Insured System Banks
Sec. 5.61AOversight Actions by the Corporation
Sec. 5.61BAuthority to Regulate Golden Parachute and Indemnification Payments
Sec. 5.62Investment of Funds
Sec. 5.63Exemption from Taxation
Sec. 5.64Reports
Sec. 5.65Prohibitions
Hide details for Title VI Assistance to Farm Credit SystemTitle VI Assistance to Farm Credit System
Sec. 6.0Establishment of Board
Sec. 6.1Purposes
Sec. 6.2Board of Directors
Sec. 6.3Corporate Powers
Sec. 6.4Certification of Eligibility to Issue Preferred Stock
Sec. 6.5Assistance
Sec. 6.6Special Powers
Sec. 6.7Administration
Sec. 6.8Limitation of Powers
Sec. 6.9Succession
Sec. 6.10Effect of Regulations; Audits
Sec. 6.11Exemption from Taxation
Sec. 6.12Termination
Sec. 6.13Transitional Provisions
Sec. 6.20Establishment of Corporation
Sec. 6.21Purpose
Sec. 6.22Board of Directors
Sec. 6.23Stock
Sec. 6.24Corporate Powers
Sec. 6.25Accounts
Sec. 6.26Debt Obligations
Sec. 6.27Preferred Stock
Sec. 6.28Payments
Sec. 6.29One-Time Stock Purchase
Sec. 6.30Exemption from Taxation
Sec. 6.31Termination
Hide details for Title VII Restructuring of System InstitutionsTitle VII Restructuring of System Institutions
Sec. 7.0Power to Merge
Sec. 7.1Board of Directors
Sec. 7.2Powers of Merged Banks
Sec. 7.3Capitalization
Sec. 7.6Transfer of Lending Authority
Sec. 7.7Equalization of Loan-Making Powers of Certain District Associations
Sec. 7.8Merger of Associations
Sec. 7.9Reconsiderations
Sec. 7.10Termination of System Institution Status
Sec. 7.11Approval of Disclosure Information and Issuance of Charters
Sec. 7.12Merger of Similar Banks
Sec. 7.13Merger of Similar Associations
Sec. 7.14Transactions to Accomplish Mergers Exempt From Certain State Taxes.
Hide details for Title VIII Agricultural Mortgage Secondary MarketTitle VIII Agricultural Mortgage Secondary Market
Sec. 8.0Definitions
Sec. 8.1Federal Agricultural Mortgage Corporation.
Sec. 8.2Board of Directors
Sec. 8.3Powers and Duties of Corporation and Board
Sec. 8.4Stock Issuance
Sec. 8.5Certification Of Agricultural Mortgage Marketing Facilities
Sec. 8.6Guarantee of Qualified Loans
Sec. 8.7[Repealed]
Sec. 8.8Standards for Qualified Loans
Sec. 8.9Exemption From Restructuring and Borrowers Rights Provisions for Pooled Loans
Sec. 8.10Funding for Guarantee; Reserves of Corporation
Sec. 8.11Supervision, Examination, and Report of Condition
Sec. 8.12Securities in Credit Enhanced Pools
Sec. 8.13Authority to Issue Obligations to Cover Guarantee Losses of Corporation
Sec. 8.14Federal Jurisdiction
Sec. 8.31Definitions
Sec. 8.32Risk-Based Capital Levels
Sec. 8.33Minimum Capital Level
Sec. 8.34Critical Capital Level
Sec. 8.35Enforcement Levels
Sec. 8.36Mandatory Actions Applicable to Level II
Sec. 8.37Supervisory Actions Applicable to Level III
Sec. 8.38Recapitalization of the Corporation
Sec. 8.41Conservatorship; Liquidation; Receivership
Hide details for AGRICULTURE APPROPRIATIONS ACT, 2010AGRICULTURE APPROPRIATIONS ACT, 2010
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for OMNIBUS APPROPRIATIONS ACT, 2009OMNIBUS APPROPRIATIONS ACT, 2009
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for CONSOLIDATED APPROPRIATIONS ACT, 2008CONSOLIDATED APPROPRIATIONS ACT, 2008
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for FOOD, CONSERVATION, AND ENERGY ACT, 2008FOOD, CONSERVATION, AND ENERGY ACT, 2008
Hide details for Title V CreditTitle V Credit
Sec. 5407Equalization of Loan-making Powers of Certain District Associations
Hide details for REVISED CONTINUING APPROPRIATIONS RESOLUTION, 2007REVISED CONTINUING APPROPRIATIONS RESOLUTION, 2007
Hide details for Title I Full-Year Continuing AppropriationsTitle I Full-Year Continuing Appropriations
Sec.Continuing Appropriations
Hide details for AGRICULTURE APPROPRIATIONS ACT, 2006AGRICULTURE APPROPRIATIONS ACT, 2006
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for CONSOLIDATED APPROPRIATIONS ACT, 2005CONSOLIDATED APPROPRIATIONS ACT, 2005
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for CONSOLIDATED APPROPRIATIONS ACT, 2004CONSOLIDATED APPROPRIATIONS ACT, 2004
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for CONSOLIDATED APPROPRIATIONS RESOLUTION, 2003CONSOLIDATED APPROPRIATIONS RESOLUTION, 2003
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for AGRICULTURE APPROPRIATIONS ACT, 2002AGRICULTURE APPROPRIATIONS ACT, 2002
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for FARM SECURITY AND RURAL INVESTMENT ACT OF 2002FARM SECURITY AND RURAL INVESTMENT ACT OF 2002
Hide details for Title VI Rural DevelopmentTitle VI Rural Development
Sec. 384J.Financial Institution Investments.
Hide details for AGRICULTURE APPROPRIATIONS ACT, 2001AGRICULTURE APPROPRIATIONS ACT, 2001
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for AGRICULTURE APPROPRIATIONS ACT, 2000AGRICULTURE APPROPRIATIONS ACT, 2000
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1999AGRICULTURE APPROPRIATIONS ACT, 1999
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1998AGRICULTURE APPROPRIATIONS ACT, 1998
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1997AGRICULTURE APPROPRIATIONS ACT, 1997
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Adminstrative Expenses
Hide details for OMNIBUS CONSOLIDATED APPROPRIATIONS ACT, 1997OMNIBUS CONSOLIDATED APPROPRIATIONS ACT, 1997
Hide details for Title II Economic Growth and Regulatory Paperwork ReductionTitle II Economic Growth and Regulatory Paperwork Reduction
Sec. 2615Prohibitions on Certain Depository Institution Associations with Government-Sponsored Enterprises
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1996AGRICULTURE APPROPRIATIONS ACT, 1996
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec. 601Administrative Provision
Hide details for FARM CREDIT SYSTEM REFORM ACT OF 1996FARM CREDIT SYSTEM REFORM ACT OF 1996
Hide details for Title II Regulatory ReliefTitle II Regulatory Relief
Sec. 212Regulatory Review
Sec. 219Farm Credit System Insurance Corporation Board of Directors
Sec. 221Liability for Making Criminal Referrals
Hide details for Title III Implementation and Effective DateTitle III Implementation and Effective Date
Sec. 301Implementation
Sec. 302Effective Date
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1995AGRICULTURE APPROPRIATIONS ACT, 1995
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1994AGRICULTURE APPROPRIATIONS ACT, 1994
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1993AGRICULTURE APPROPRIATIONS ACT, 1993
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Administrative Expenses
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1992AGRICULTURE APPROPRIATIONS ACT, 1992
Hide details for Title VI Related Agencies and Food and Drug AdministrationTitle VI Related Agencies and Food and Drug Administration
Sec.Limitation on Revolving Fund for Administrative Expenses
Hide details for SAFETY AND SOUNDNESS ACT OF 1992SAFETY AND SOUNDNESS ACT OF 1992
Hide details for Title II Farm Credit System Insurance CorporationTitle II Farm Credit System Insurance Corporation
Sec. 204GAO Reports on Risk-Based Insurance Premiums, Access to Association Capital, Supplemental Premiums, and Consolidation
Hide details for Title IV Clarification of Certain AuthoritiesTitle IV Clarification of Certain Authorities
Sec. 401Clarification of the Status and Powers of Certain Institutions of the Farm Credit System
Hide details for Title V MiscellaneousTitle V Miscellaneous
Sec. 514Financial Disclosure and Conflict of Interest Reporting by Directors, Officers, and Employees of Farm Credit System Institutions
Hide details for AGRICULTURE APPROPRIATIONS ACT, 1991AGRICULTURE APPROPRIATIONS ACT, 1991
Hide details for Title V Related AgenciesTitle V Related Agencies
Sec.Limitation on Revolving Fund for Administrative Expenses
Hide details for TRADE ACT OF 1990TRADE ACT OF 1990
Hide details for Title XVIII CreditTitle XVIII Credit
Sec. 1838Termination of System Institution Status of California Livestock Production Credit Association
Sec. 1842GAO Study of Rural Credit Cost and Availability
Sec. 1861Effective Dates
Hide details for OMNIBUS BUDGET RECONCILIATION ACT OF 1990OMNIBUS BUDGET RECONCILIATION ACT OF 1990
Hide details for Title XIII Budget EnforcementTitle XIII Budget Enforcement
Sec. 13501Financial Safety and Soundness of Goverrnment-Sponsored Enterprises
Hide details for PUBLIC LAW 101-220PUBLIC LAW 101-220
Hide details for no titleno title
Sec. 7Purchase of Financial Assistance Corporation Stock by Farm Credit System Institutions
Sec. 8Exemption of Certain Interest Payments by the United States Treasury from Sequestration
Hide details for FIRREA, 1989FIRREA, 1989
Hide details for Title X Studies of Federal Deposit Insurance, Banking Services, and the Safety and Soundness of Government-SpoTitle X Studies of Federal Deposit Insurance, Banking Services, and the Safety and Soundness of Government-Sponsored Enterprises
Sec. 1004Study Regarding Capital Requirements for Government-Sponsored Enterprises
Hide details for Title XIV Tax ProvisionsTitle XIV Tax Provisions
Sec. 1404Studies of Relationship Between Public Debt and Activities of Government-Sponsored Enterprises
Hide details for AGRICULTURAL CREDIT ACT OF 1987AGRICULTURAL CREDIT ACT OF 1987
Hide details for No TitleNo Title
Sec. 102Restructuring Distressed Loans
Sec. 206Financial Report
Hide details for Title III Capitalization of System InstitutionsTitle III Capitalization of System Institutions
Sec. 301Capitalization of System Institutions
Hide details for Title IV Restructuring the Farm Credit SystemTitle IV Restructuring the Farm Credit System
Sec. 410Mandatory Merger
Sec. 411Merger of Production Credit Associations and Federal Land Bank Associations
Sec. 412Consolidation of District Farm Credit Banks
Sec. 413Voluntary Merger of the Banks for Cooperatives
Sec. 414Bank For Cooperatives Board of Directors
Sec. 422Sales of Insurance by System Institutions
Sec. 424Limitation on FCA Authority to Require Disclosure of Information
Sec. 433Reassignment of Associations to Adjoining Districts
Hide details for Title V State Mediation ProgramsTitle V State Mediation Programs
Sec. 503Participation of Federal Agencies
Sec. 504Regulations
Hide details for Title VII Agricultural Mortgage Secondary MarketsTitle VII Agricultural Mortgage Secondary Markets
Sec. 701Statement of Purpose
Sec. 703GAO Audit of Federal Agricultural Mortgage Corporation
Sec. 704GAO Studies
Hide details for Title IX RegulationsTitle IX Regulations
Sec. 901Effective Dates
Hide details for TITLE 12 UNITED STATES CODETITLE 12 UNITED STATES CODE
Hide details for Title 12 United States CodeTitle 12 United States Code
Sec. 1786Termination of Insured Credit Union Status; Cease and Desist Orders; Removal or Suspension from Office; Procedure
Sec. 1818Termination of Status as Insured Bank
Sec. 1821Insurance Funds
Sec. 2276Access to and Examination by Comptroller General of Books, Documents, Etc. of Farm Credit System Banks and Institutions
Sec. 3025Examination and Audit
Hide details for FARM CREDIT AMENDMENTS ACT OF 1985FARM CREDIT AMENDMENTS ACT OF 1985
Hide details for Title V National Commission on Agricultural FinanceTitle V National Commission on Agricultural Finance
Sec. 501Commission
Hide details for ADDITIONAL PROVISIONS OF PUBLIC LAW 99-509ADDITIONAL PROVISIONS OF PUBLIC LAW 99-509
Hide details for Title I Agricultural ProgramsTitle I Agricultural Programs
Sec. 1001Sales of Rural Development Notes
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