---
type: "LegalText"
title: "12 U.S.C. § 1111"
description: "Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 12
title_name: "BANKS AND BANKING"
chapter_number: "7"
chapter_name: "FARM CREDIT ADMINISTRATION"
section: "1111"
citation: "12 U.S.C. § 1111"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip"
source_identifier: "/us/usc/t12/s1111"
source_file: "data/legal/raw/us/code/title-12/usc12.xml"
source_hash: "9422d3a9c211bc1e7383bb98afe977b2b4fd7a07add044ea1a9f57e56ac2ccf7"
raw_snapshot_hash: "e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa"
text_hash: "04f710cc54fc901e494dc373ad7a70e6079dfbdc98b159f47afdd54d455e62f0"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 12 U.S.C. § 1111 - Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624

## Notes

Section, act July 17, 1916, ch. 245, title II, § 210, as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459, set out a tax exemption for capital and income of intermediate credit banks and provided that their debentures be deemed instrumentalities of the government. See section 2079 of this title.