WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 23

12 U.S.C. 2153: Power to borrow; issuance of notes, bonds, debentures, and other obligations

Created in 1971 by Public Law 92-181. Changed by 3 later laws. 1 bill in this Congress would change it.

5 other sections of the Code cite this one, including 12 U.S.C. 2244, 12 U.S.C. 2252, 12 U.S.C. 2277a, 12 U.S.C. 2277a-1, 12 U.S.C. 2277a-10c.

1 part of federal rules cite it as their authority, written by Farm Credit Administration (1).

This Congress

  • S. 5526 Agricultural Act of 2026 · reported by committee · would change H

How it got here

1988

  • Pub. L. 100–233 substituted "the boards of directors of each bank" for "the boards of directors of each of the 12 districts and the Central Bank for Cooperatives". · (d)
  • Pub. L. 100–399, §203(e), substituted "System other than through the" for "System other than through their", and substituted "Federal Farm Credit Banks Funding Corporation" for "fiscal agent" in two places. · (e)

1985

  • Pub. L. 99–205 substituted "regulation by" for "supervision of" in provision preceding subsec. (a).
  • Pub. L. 99–205 substituted references to section "2154(c)" for "2154(b)" and "Farm Credit Administration" for "Governor". · (b)
  • Pub. L. 99–205 substituted "Farm Credit Administration" for "Governor" wherever appearing. · (c), (d)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.