Title 12 — Banks and Banking
Chapter 24 — Federal Financing Bank
§ 2282. Definitions
Statutory text
For the purposes of this chapter—
The term “Federal agency” means an executive department, an independent Federal establishment, or a corporation or other entity established by the Congress which is owned in whole or in part by the United States.
The term “obligation” means any note, bond, debenture, or other evidence of indebtedness, but does not include Federal Reserve notes or stock evidencing an ownership interest in the issuing Federal agency.
The term “guarantee” means any guarantee, insurance, or other pledge with respect to the payment of all or part of the principal or interest on any obligation, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions, or any guarantee or pledge arising out of a statutory obligation to insure such deposits, shares, or other withdrawable accounts.
The term “Bank” means the Federal Financing Bank established by section 2283 of this title.
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.
federal Financing Bank Act of 1973
Pub. L. 93–224 § 3 · 87 Stat. 937
Enacted · 12 U.S.C. § 2282
(Pub. L. 93–224, § 3, Dec. 29, 1973, 87 Stat. 937.)
Source evidence
Code source credit
(Pub. L. 93–224, § 3, Dec. 29, 1973, 87 Stat. 937.)Enacted provision · exact public law section
Sec. 3. definitions For the purposes of this Act— (1) The term “Federal agency” means an executive department, an independent Federal establishment, or a corporation or other entity established by the Congress which is owned in whole or in part by the United States. (2) The term “obligation” means any note, bond, debenture, or other evidence of indebtedness, but does not include Federal Reserve notes or stock evidencing an ownership interest in the issuing Federal agency. (3) The term “guarantee” means any guarantee, insurance, or other pledge with respect to the payment of all or part of the principal or interest on any obligation, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions. or any guarantee or pledge arising out of a statutory obligation to insure such deposits, shares, or other withdrawable accounts, (4) The term “Bank” means the Federal Financing Bank established by section 4 of this Act.
1 of 1 references resolved to an enrolled provision