Repealed. Pub. L. 87–353, §3(a), Oct. 4, 1961, 75 Stat. 773

  1. Law
  2. USC 12
  3. Banks And Banking
  4. FARM CREDIT ADMINISTRATION
  5. A-FEDERAL FARM MORTGAGE CORPORATION
  6. Repealed. Pub. L. 87–353, §3(a), Oct. 4, 1961, 75 Stat. 773

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§§1020b, 1020c. Repealed. Pub. L. 87–353, §3(a), Oct. 4, 1961, 75 Stat. 773

Section 1020b, acts Jan. 31, 1934, ch. 7, §3, 48 Stat. 345 ; June 25, 1940, ch. 427, §4, 54 Stat. 573 ; June 30, 1945, ch. 204, §14, 59 Stat. 269 ; July 12, 1946, ch. 570, §2, 60 Stat. 532 , prescribed the capital of the Federal Farm Mortgage Corporation to be in the sum of $200,000,000 and provided for subscription by the United States and repayment by the Corporation.

Section 1020c, acts Jan. 31, 1934, ch. 7, §4(a), 48 Stat. 345 ; Apr. 27, 1934, ch. 168, §14, 48 Stat. 647 , authorized the issuance of bonds not exceeding $2,000,000,000 at any one time and provided for purchase and sale by United States and exchange of such bonds for consolidated farm loan bonds.


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