12 USC Ch. 24: Front Matter
From Title 12-BANKS AND BANKINGCHAPTER 24-FEDERAL FINANCING BANK
CHAPTER 24-FEDERAL FINANCING BANK
Sec.
2281.
Congressional findings and declaration of purpose.
2282.
Definitions.
2283.
Creation of Federal Financing Bank.
2284.
Board of Directors.
2285.
Functions.
(a)
Purchase and sale of obligations issued, sold, or guaranteed by Federal agencies.
(b)
Yield.
(c)
Fees.
2285a.
Acquisition of obligations involving loan guarantees for New York City.
2286.
Approval of financing plans by Secretary of the Treasury.
(a)
Method, source, timing, terms, and conditions of sale of obligations issued or sold by Federal agencies.
(b)
Grant or denial of approval by Secretary.
(c)
Time and form for submission of financing plans.
2287.
Initial capital.
2288.
Bank obligations.
(a)
Maximum amount of obligations issued publicly and outstanding at any one time.
(b)
Purchase and sale of obligations of Federal Financing Bank by Secretary of the Treasury as public debt transactions.
(c)
Authority of Federal Financing Bank to require Secretary of the Treasury to purchase obligations of the Bank.
(d)
Bank obligations as lawful investments.
2289.
General powers.
2290.
Exemptions.
(a)
Federal, State, and local taxes.
(b)
Exempt securities.
(c)
Budget status of Federal agencies; restrictions.
2291.
Preparation of obligations.
2292.
Annual report to the President and Congress.
2293.
Budget and audit provisions of Government corporation control law applicable.
2294.
Payments on behalf of public bodies.
2294a.
Contracts for periodic payments to offset costs of purchase of obligations of local public housing agencies.
2295.
Authority or responsibility under other provisions of law not to be affected or impaired.
2296.
Increase not authorized in amounts of obligations issued, sold, or guaranteed by Federal agencies.
Chapter Referred to in Other Sections
This chapter is referred to in section 1824 of this title; title 42 sections 8814, 8835.