12 U.S.C. § 3017 | Bonds, debentures, notes and other evidences of indebtedness

(a)

Authorization for public or private sale; time of issuance, interest rates, and terms and conditions; outstanding amount

Provided, howeverThe Bank is authorized to obtain funds through the public or private sale of its bonds, debentures, notes, and other evidences of indebtedness. Such obligations shall be issued at such times, bear interest at such rates, and contain such terms and conditions as the Board shall determine: , That the amount of such obligations which may be outstanding at any one time pursuant to this section shall not exceed ten times the paid-in capital and surplus of the Bank.

(b)

Purchase and sale by Bank; methods of sale and delivery

The Bank may purchase its own obligations, and may provide for the sale of any such obligations through a fiscal agent or agents, by negotiation, offer, bid, syndicate sale, or otherwise, and may deliver such obligations by book entry, wire transfer, or such other means as may be appropriate.

(c)

Obligations as not guaranteed by United States and not to constitute a debt or obligation of United States

Obligations issued under this section shall not be guaranteed by the United States and shall not constitute a debt or obligation of the United States or any agency or instrumentality thereof other than the Bank.

Pub. L. 95–351, title I, § 107Aug. 20, 197892 Stat. 507 Pub. L. 97–35, title IIIAug. 13, 198195 Stat. 437 (, , ; , §§ 394(g)(1), 396(d), , , 440.)

Editorial Notes

Amendments

Pub. L. 97–35, § 394(g)(1)1981—Subsec. (a). , struck out requirement respecting consultation with the Secretary of the Treasury.

Pub. L. 97–35, § 396(d)Subsecs. (b) to (d). , redesignated subsecs. (c) and (d) as (b) and (c), respectively, and struck out former subsec. (b) relating to discretionary authority for issuance to and purchase by Secretary of Treasury.

Statutory Notes and Related Subsidiaries

Effective Date of 1981 Amendment

Pub. L. 97–35, title III, § 394(g)(2)Aug. 13, 198195 Stat. 437

Dec. 31, 1981“The amendment made by paragraph (1) [amending this section] shall take effect on the day after the Final Government Equity Redemption Date [].”

section 396(a) of Pub. L. 97–35 section 3012 of this title, , , provided that: For definition of “Final Government Equity Redemption Date”, see , set out as a note under .

section 396(d) of Pub. L. 97–35Dec. 31, 1981section 396(i) of Pub. L. 97–35 section 3011 of this titleAmendment by effective on the day after the Final Government Equity Redemption Date (), see , set out as a note under .