2017 US Code
Title 12 - Banks and Banking
Chapter 23 - Farm Credit System
Subchapter VI - Assistance to Farm Credit System
Part B - Financial Assistance Corporation
Sec. 2278b-5 - Accounts
| 12 U.S.C. § 2278b-5 (2017) |
| §2278b–5. Accounts |
|
(a) Farm Credit Assistance Fund
(1) Establishment
The Financial Assistance Corporation shall establish an account called the Farm Credit Assistance Fund (referred to in this chapter as the "Assistance Fund") which shall be available to the Financial Assistance Corporation as a revolving fund to carry out this part. The moneys of such Assistance Fund shall be invested in direct obligations of the United States or obligations guaranteed by the United States or an agency thereof. The Assistance Fund shall be funded through the issuance of debt obligations and payments, as provided in section 2278b–6 of this title, and payments, as provided in section 2278b–8 of this title. The Financial Assistance Corporation shall establish an account called the Financial Assistance Corporation Trust Fund (hereinafter referred to in this chapter as the "Trust Fund") that shall consist of securities of the United States Treasury purchased by the Financial Assistance Corporation with the funds received from the purchase of stock by System institutions from the Financial Assistance Corporation under section 2278b–9 of this title. |
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(Pub. L. 92–181, title VI, §6.25, as added Pub. L. 100–233, title II, §201, Jan. 6, 1988, 101 Stat. 1597.) |
| United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 23 - FARM CREDIT SYSTEM SUBCHAPTER VI - ASSISTANCE TO FARM CREDIT SYSTEM Part B - Financial Assistance Corporation Sec. 2278b-5 - Accounts |
| section 2278b-5 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 101 Stat. 1597 |
| Public Law 92-181, Public Law 100-233 |
