Title 12 — Banks and Banking
Part B · Chapter 23 — Farm Credit System
§ 2257. Reports on conditions of institutions receiving loans or deposits
Statutory text
The executive departments, boards, commissions, and independent establishments of the Government of the United States, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Reserve banks are severally authorized under such conditions as they may prescribe, upon request of the Farm Credit Administration, to make available to it or to any institution of the System in confidence all reports, records, or other information relating to the condition of any organization to which such institution of the System has made or contemplates making loan or for which it has or contemplates discounting paper, or which it is using or contemplates using as a custodian of securities or other credit instruments, or a depository. The Federal Reserve banks in their capacity as depositories, agents, and custodians for bonds, debentures, and other obligations issued by the banks of the System or book entries thereof are also authorized and directed, upon request of the Farm Credit Administration, to make available for audit by farm credit examiners all appropriate books, accounts, financial records, files, and other papers.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Farm Credit Act of 1971
Pub. L. 92–181 title V § 5 · 85 Stat. 583
Enacted · 12 U.S.C. § 2257
Pub. L. 92–181, title V, § 5.22, formerly § 5.23, Dec. 10, 1971, 85 Stat. 624
Source evidence
Code source credit
Pub. L. 92–181, title V, § 5.22, formerly § 5.23, Dec. 10, 1971, 85 Stat. 624Enacted provision · exact public law section
(5) Acquire, hold, dispose, and otherwise exercise all the usual incidents of ownership of real and personal property necessary or convenient to its business.
1 of 1 references resolved to an enrolled provision
Editorial Notes
Prior Provisions
A prior section 5.22 of Pub. L. 92–181 was renumbered section 5.21 and is classified to section 2256 of this title.
Credits
1971–1985 · 2 acts
- 1971Pub. L. 92–181, title V, § 5.22, formerly § 5.23, , 85 Stat. 624
- 1985renumbered § 5.22, Pub. L. 99–205, title II, § 203(b), , 99 Stat. 1694.
Show as published
(Pub. L. 92–181, title V, § 5.22, formerly § 5.23, , 85 Stat. 624; renumbered § 5.22, Pub. L. 99–205, title II, § 203(b), , 99 Stat. 1694.)