Public Law 119-73 (01/23/2026)

12 U.S.C. § 2278a to 2278b–11

Repealed. Pub. L. 115–334, title V, § 5411(39), Dec. 20, 2018, 132 Stat. 4683

Sections 2278a to 2278a–13 comprised part A of this subchapter “Assistance Board”.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1585Section 2278a, .0, as added , , , established the Farm Credit System Assistance Board.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1585Section 2278a–1, .1, as added , , , set out purposes of the Board.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1586Pub. L. 102–237, title V, § 502l105 Stat. 1869Section 2278a–2, .2, as added , , ; amended (), , , provided for Board of Directors of the Assistance Board.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1587Pub. L. 100–399, title II, § 201(a)102 Stat. 990Section 2278a–3, .3, as added , , ; amended , (b), , , established the Assistance Board as a body corporate and set out its powers.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1588Pub. L. 100–399, title II, § 201(c)102 Stat. 991Section 2278a–4, .4, as added , , ; amended , , , related to certification of eligibility to issue preferred stock.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1588Pub. L. 100–399, title II, § 201(d)102 Stat. 991Section 2278a–5, .5, as added , , ; amended , (e), , , provided for ways the Board could render assistance to certified institutions.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1589Pub. L. 100–399, title II, § 201(f)102 Stat. 991Pub. L. 101–624, title XVIII, § 1843(a)(2)104 Stat. 3836Section 2278a–6, .6, as added , , ; amended –(i), , ; , , , related to special powers of the Board.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1591Pub. L. 100–399, title II, § 201(j)102 Stat. 991Section 2278a–7, .7, as added , , ; amended , , , related to administrative and financial support for the Board.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1591Section 2278a–8, .8, as added , , , provided that the Board’s powers were limited to the purposes specified in this subchapter.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1591Pub. L. 100–399, title II, § 201(k)l102 Stat. 991Pub. L. 102–552, title III, § 301106 Stat. 4107Section 2278a–9, .9, as added , , ; amended , (), , ; , , , provided that the Board would succeed to the assets of and assume all debts, obligations, contracts, and other liabilities of the Capital Corporation.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1594Section 2278a–10, .10, as added , , , related to regulations and audits by and for the Board.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1594Section 2278a–11, .11, as added , , , exempted the Board from various taxes.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1594Pub. L. 100–399, title II, § 201(m)102 Stat. 991Section 2278a–12, .12, as added , , ; amended , , , stated that the Assistance Board and its authority would terminate on .

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1594Pub. L. 100–399, title II, § 201(n)102 Stat. 991Section 2278a–13, .13, as added , , ; amended , , , set out transitional provisions from the Farm Credit Administration Board to the Assistance Board.

Sections 2278b to 2278b–11 comprised part B of this subchapter “Financial Assistance Corporation”.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1595Section 2278b, .20, as added , , , established the Farm Credit System Financial Assistance Corporation.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1595Pub. L. 102–552, title III, § 307(a)106 Stat. 4116Section 2278b–1, .21, as added , , ; amended , , , provided for the purpose of the Financial Assistance Corporation.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1595Pub. L. 100–399, title II, § 201o102 Stat. 991Section 2278b–2, .22, as added , , ; amended (), , , provided for a Board of Directors, including its composition and duties.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1595Pub. L. 102–237, title V, § 502(m)105 Stat. 1869Section 2278b–3, .23, as added , , ; amended , , , required the Corporation to issue generally nontransferable stock with a par value of $5 to System institutions.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1596Pub. L. 100–399, title II, § 201(a)102 Stat. 990Section 2278b–4, .24, as added , , ; amended , (b), , , granted the Financial Assistance Corporation certain corporate powers.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1597Section 2278b–5, .25, as added , , , established the Farm Credit Assistance Fund and the Financial Assistance Corporation Trust Fund.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1597Pub. L. 100–399, title II, § 201(p)102 Stat. 991Pub. L. 102–552, title III106 Stat. 4109–4111Section 2278b–6, .26, as added , , ; amended –(x), , , 992; , §§ 302–304(a), 305, 306, , , 4114, related to debt obligations issued by the Financial Assistance Corporation.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1602Pub. L. 100–399, title II, § 201(y)102 Stat. 992Section 2278b–7, .27, as added , , ; amended –(aa), , , provided for System institution issuance of preferred stock subject to such terms and conditions as authorized by the Assistance Board.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1603Pub. L. 100–399, title II, § 201(bb)102 Stat. 992Pub. L. 102–552, title III, § 304(b)106 Stat. 4114Section 2278b–8, .28, as added , , ; amended , , ; , , , provided for reimbursement to the Financial Assistance Corporation of certain interest charges.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1603Pub. L. 100–460, title VI, § 646102 Stat. 2266Section 2278b–9, .29, as added , , ; amended , , , related to one-time stock purchases by System institutions from the Financial Assistance Corporation.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1604Section 2278b–10, .30, as added , , , exempted the Financial Assistance Corporation from various taxes.

Pub. L. 92–181, title VI, § 6Pub. L. 100–233, title II, § 201101 Stat. 1605Pub. L. 102–552, title III, § 307(b)106 Stat. 4116Section 2278b–11, .31, as added , , ; amended , , , provided for termination of the Financial Assistance Corporation and transfer of remaining funds into the Insurance Fund.