The law › Title 12, Banks and Banking › Chapter 23
12 U.S.C. 2252: Powers and duties
Created in 1971 by Public Law 92-181. Changed by 12 later laws. No bill we track in this Congress changes it.
4 other sections of the Code cite this one, including 12 U.S.C. 2002, 12 U.S.C. 2275a, 12 U.S.C. 2279c, 12 U.S.C. 2279aa-11.
32 parts of federal rules cite it as their authority, written by Farm Credit Administration (32).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2018
- Pub. L. 115–334 struck out "In issuing charters and certificates of territory for district-wide mergers of associations where stockholders of one or more associations did not approve the merger, the charter of the new or merged association shall not include the territory of the disa… (Agriculture Improvement Act of 2018) Law text · (a)
2008
- Pub. L. 110–246, §5407(c)(1), substituted "(2)" for "(2)(A)" and struck out pars. (B) and (C) which prohibited issuance or amendment of the charter of any institution of the Farm Credit System that would authorize the institution to exercise lending authority in a territory in which… (Food, Conservation, and Energy Act of 2008) Law text · (a)
- Pub. L. 110–246, §5407(b), added par. (15). (Food, Conservation, and Energy Act of 2008) Law text · (a)
1996
- Pub. L. 104–105, §210, struck out "or management agreements" after "consolidations of boards of directors" in first sentence. (Farm Credit System Reform Act of 1996) Law text · (a)
- Pub. L. 104–105, §211, inserted "the requirements of the Farm Credit Administration governing the dissemination to stockholders of quarterly reports of System institutions may not be more burdensome or costly than the requirements applicable to national banks, and" after "except tha… (Farm Credit System Reform Act of 1996) Law text · (a)
1992
- Pub. L. 102–552, §401(c), designated existing provisions as subpar. (A) and added subpars. (B) and (C). · (a)
- Pub. L. 102–552, §511, added pars. (13) and (14). · (a), (14)
1991
- Pub. L. 102–237 struck out second period at end. · (a)
1990
- Pub. L. 101–624 struck out par. (13) which read as follows: "Except for associations, approve the salary scale for employees of the institutions of the System, and approve the compensation of the chief executive officer of such institutions: Provided, That no salary scale or rate o… · (a)
1988
- Pub. L. 100–399, §901(m)(1), substituted "district banks" for "district boards". · (a)
- Pub. L. 100–399, §901(m)(2), substituted "district bank boards" for "boards of the districts". · (a)
- Pub. L. 100–399, §409(e), substituted "approve the consolidation or division of the territories of institutions when agreed to" for "the consolidation or division of the territories that they serve when agreed to". · (a)
- Pub. L. 100–233, §802(v)(1)(A), substituted "approve amendments to" for "amend or modify". · (a)
- Pub. L. 100–233, §415(d), substituted "section 2279a of this title" for "section 2181 of this title" and "approve mergers and any related activities as provided for in subchapter VII; and" for "; approve mergers of banks operating under the same subchapter of this chapter, merger of Federal land ba… · (a)
- Pub. L. 100–233, §414, substituted ". The Farm Credit Administration Board shall ensure that disapproving associations (A) shall not be charged any assessment under this chapter at a rate higher than that charged other like associations in the district, and (B) shall be provided with financial serv… · (a)
- Pub. L. 100–233, §431(e)(1), substituted "The Farm Credit Administration Board, after consultation with the respective boards of directors of the affected banks, may require two or more banks operating under the same or different titles to merge if the Board determines that one of such banks has fa… · (a)
- Pub. L. 100–399, §901(m)(3), substituted "Farm Credit Banks under section 2207(b) of this title" for "Federal land banks and Federal intermediate credit banks under section 2207(b) of this title". · (a)
- Pub. L. 100–233, §802(v)(1)(B), struck out "that meet standards and criteria established by the Farm Credit Administration, including standards and criteria with respect to (A) interest rates on obligations of Farm Credit System institutions, and (B) the payment of dividends or patr… · (a)
- Pub. L. 100–399, §205, redesignated par. (9) as (8). · (a)
- Pub. L. 100–233, §207(a)(2), struck out par. (8) which read as follows: "Make investments in stock of the Capital Corporation out of the revolving fund referred to in section 2151 of this title, and require the retirement of such stock." · (a)
- Pub. L. 100–399, §205, redesignated par. (10) as (9). Former par. (9) redesignated (8). · (a)
- Pub. L. 100–233, §424(a), inserted provisions limiting Farm Credit Administration from requiring System institutions to disclose in reports to stockholders certain information concerning condition or classification of loans to certain directors or members of immediate family of certain directors. · (a)
- Pub. L. 100–399, §205, redesignated pars. (11) to (13) as (10) to (12), respectively. Former par. (10) redesignated (9). · (a)
- Pub. L. 100–399, §205, redesignated par. (14) as (13). Former par. (13) redesignated (12). · (a)
- Pub. L. 100–233, §805(z), redesignated par. (14) as (13), and struck out former par. (13) which read as follows: "Sue and be sued, complain and defend in any court of law or equity, State or Federal. All suits of a civil nature at common law or in equity to which the Farm Credit Administration shal… · (a)
- Pub. L. 100–399, §205, redesignated par. (14) as (13). · (a)
- Pub. L. 100–233, §§431(e)(2), 805(z), redesignated par. (15) as (14) and inserted "by the Board" and "The Board may not delegate its responsibilities under this paragraph." Former subsec. (14) redesignated (13). · (a)
- Pub. L. 100–233, §805(z), redesignated par. (15) as (14). · (a)
- Pub. L. 100–233, §802(v)(2), added subsec. (b) and redesignated former subsec. (b) as (c). Former subsec. (c) redesignated (d). · (b), (c)
- Pub. L. 100–233, §802(v)(2), redesignated subsec. (c) as (d). · (d)
- Pub. L. 100–399, §901(n)(1), made technical amendment to reference to sections 2015(b) and 2128(b) of this title involving underlying provisions of original act and requiring no change in text. · (d)
- Pub. L. 100–399, §901(n), substituted "section 2015(b) of this title" for "section 2074 of this title". · (d)
1986
- Pub. L. 99–509 struck out "and on loans made or discounted by such institutions" after "Farm Credit System institutions". · (a)
1985
- Pub. L. 99–205 amended subsec. (a) generally, revising and reorganizing the enumerated powers of the Farm Credit Administration by substituting pars. (1) to (15) for former pars. (1) to (17). · (a)
1980
- Pub. L. 96–592 designated existing provisions as subsec. (a), in par. (3) inserted provisions relating to summary and analysis of reports, and added subsecs. (b) and (c).
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.