12 USC 1020b to 1020c: Repealed. Pub. L. 87-353, §3(a), Oct. 4, 1961, 75 Stat. 773

12 USC 1020b to 1020c: Repealed. Pub. L. 87-353, §3(a), Oct. 4, 1961, 75 Stat. 773 Text contains those laws in effect on June 28, 2026

From Title 12-BANKS AND BANKINGCHAPTER 7-FARM CREDIT ADMINISTRATIONSUBCHAPTER II-A-FEDERAL FARM MORTGAGE CORPORATION

Section 1020b, acts Jan. 31, 1934, ch. 7, §3, 48 Stat. 345 ; June 25, 1940, ch. 427, §4, 54 Stat. 573 ; June 30, 1945, ch. 204, §14, 59 Stat. 269 ; July 12, 1946, ch. 570, §2, 60 Stat. 532 , prescribed the capital of the Federal Farm Mortgage Corporation to be in the sum of $200,000,000 and provided for subscription by the United States and repayment by the Corporation.

Section 1020c, acts Jan. 31, 1934, ch. 7, §4(a), 48 Stat. 345 ; Apr. 27, 1934, ch. 168, §14, 48 Stat. 647 , authorized the issuance of bonds not exceeding $2,000,000,000 at any one time and provided for purchase and sale by United States and exchange of such bonds for consolidated farm loan bonds.