US Code

Public Law 119-102 (07/12/2026)

12 U.S.C. § 1040 to 1045

Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624

Section text and notes

act Aug. 19, 1937, ch. 704, § 39 50 Stat. 718 Section 1040, , , defined “debenture” and “debentures” as used in purchase, sale, or use as security of debentures issued by or for benefit of intermediate credit banks.

act July 17, 1916, ch. 245, title II, § 203(a) Mar. 4, 1923, ch. 252 42 Stat. 1456 June 3, 1935, ch. 164, § 6(a) 49 Stat. 315 Aug. 19, 1937, ch. 704, § 27 50 Stat. 715 July 26, 1956, ch. 741 70 Stat. 664 Pub. L. 89–237, § 1(b)79 Stat. 922 Pub. L. 90–345, § 1(a)82 Stat. 182 section 2074 of this titleSection 1041, , as added , title I, § 2, ; amended Ex. Ord. No. 6084, ; , ; , ; , title I, § 104(f), ; . , ; , , , empowered intermediate credit banks to borrow money and issue and sell collateral trust debentures. See .

act July 17, 1916, ch. 245, title II, § 203(b) Mar. 4, 1923, ch. 252 42 Stat. 1456 Aug. 19, 1937, ch. 704, § 28 50 Stat. 715 Pub. L. 89–59580 Stat. 821 Section 1042, , as added , title I, § 2, ; amended Ex. Ord. No. 6084, ; , ; , , , directed Farm Credit Administration to prescribe rules and regulations governing collateral and handling thereof and to fix interest rates.

act July 17, 1916, ch. 245, title II, § 203(c) Mar. 4, 1923, ch. 252 42 Stat. 1456 section 1041 of this titleSection 1043, , as added , title I, § 2, ; amended Ex. Ord. No. 6084, , prohibited assumption of liability on debentures or other obligations issued pursuant to former by the United States.

act July 17, 1916, ch. 245, title II, § 203(d) June 3, 1935, ch. 164, § 6(b) 49 Stat. 315 July 26, 1956, ch. 741 70 Stat. 664 Section 1044, , as added , ; amended , title I, § 104(f), , authorized intermediate credit banks to issue and sell consolidated debentures or other similar obligations.

act July 17, 1916, ch. 245, title II, § 203(e) June 3, 1935, ch. 164, § 6(b) 49 Stat. 316 July 26, 1956, ch. 741 70 Stat. 664 Section 1045, , as added , ; amended , title I, § 104(f), , covered investment of fiduciary and trust funds in debentures and other similar obligations of intermediate credit banks and security for public deposits.