2020 US Code
Title 12 - Banks and Banking
Chapter 3 - Federal Reserve System
Subchapter IX - Powers and Duties of Federal Reserve Banks
Sec. 350 - Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations
| 12 U.S.C. § 350 (2020) |
| §350. Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations |
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Any Federal reserve bank may also buy and sell debentures and other such obligations issued by a Federal intermediate credit bank or by a national agricultural credit corporation, but only to the same extent as and subject to the same limitations as those upon which it may buy and sell bonds issued under title I of the Federal Farm Loan Act. |
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(Dec. 23, 1913, ch. 6, §13A (par.), formerly §13a, as added Mar. 4, 1923, ch. 252, title IV, §404, 42 Stat. 1480; renumbered §13A, Pub. L. 102–242, title I, §142(e)(1), Dec. 19, 1991, 105 Stat. 2281.) |
| EDITORIAL NOTES
REFERENCES IN TEXT
Title I of the Federal Farm Loan Act, referred to in text, is title I of act July 17, 1916, ch. 245, 39 Stat. 360. Title I was classified to chapter 7 (§641 et seq.) of this title, and was repealed by Pub. L. 92–181, title V, §5.26(a), Dec. 10, 1971, 85 Stat. 624. CODIFICATIONSection is comprised of third par. of section 13A, formerly section 13a, as added Mar. 4, 1923. Pars. 1, 2, 4 and 5 of section 13A are set out as sections 348, 349, 351 and 352 of this title, respectively. STATUTORY NOTES AND RELATED SUBSIDIARIES NATIONAL AGRICULTURAL CREDIT CORPORATION Title II of the Agricultural Credits Act, act Mar. 4, 1923, title II, §§201–217, 42 Stat. 1461, authorized creation of national agricultural credit corporations, prior to repeal by Pub. L. 86–230, Sept. 18, 1959, §24, 73 Stat. 466. Prior to such repeal, act June 16, 1933, §77, 48 Stat. 292, had prohibited the creation, after June 16, 1933, of national agricultural credit corporations authorized to be formed under the Agricultural Credits Act. |
| United States Code, 2018 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 3 - FEDERAL RESERVE SYSTEM SUBCHAPTER IX - POWERS AND DUTIES OF FEDERAL RESERVE BANKS Sec. 350 - Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations |
| section 350 |
| 2020 |
| January 13, 2021 |
| No |
| standard |
| 39 Stat. 360 42 Stat. 1480, 1461 48 Stat. 292 73 Stat. 466 85 Stat. 624 105 Stat. 2281 |
| Public Law 86-230, Public Law 92-181, Public Law 102-242 |
