Laws: Cases and Codes : U.S. Code : Title 12


   

U.S. Code as of: 01/19/04
Chapter 24 - Notes
    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.     
-SECREF-
                   CHAPTER REFERRED TO IN OTHER SECTIONS               
      This chapter is referred to in section 1824 of this title; title
    42 sections 8814, 8835.
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