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LegalText 12 U.S.C. § 2278a to 2278b11 Repealed. Pub. L. 115334, title V, § 5411(39), Dec. 20, 2018, 132 Stat. 4683 us united_states_code code_section 12 BANKS AND BANKING 23 FARM CREDIT SYSTEM 2278a to 2278b11 12 U.S.C. § 2278a to 2278b11 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s2278a...2278b11 data/legal/raw/us/code/title-12/usc12.xml 958ccde3ea75a6799a00ed47903f235d9c6cd6577ef1170b42ade3fa869f1570 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 7622ba6f4aab6ea1d1ec20c6e4d923d21eb963e25e50b46a100d9e2444920431 2026-07-04 official
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12 U.S.C. § 2278a to 2278b11 - Repealed. Pub. L. 115334, title V, § 5411(39), Dec. 20, 2018, 132 Stat. 4683

Notes

Sections 2278a to 2278a13 comprised part A of this subchapter “Assistance Board”.

Section 2278a, Pub. L. 92181, title VI, § 6.0, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1585, established the Farm Credit System Assistance Board.

Section 2278a1, Pub. L. 92181, title VI, § 6.1, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1585, set out purposes of the Board.

Section 2278a2, Pub. L. 92181, title VI, § 6.2, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1586; amended Pub. L. 102237, title V, § 502(l), Dec. 13, 1991, 105 Stat. 1869, provided for Board of Directors of the Assistance Board.

Section 2278a3, Pub. L. 92181, title VI, § 6.3, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1587; amended Pub. L. 100399, title II, § 201(a), (b), Aug. 17, 1988, 102 Stat. 990, established the Assistance Board as a body corporate and set out its powers.

Section 2278a4, Pub. L. 92181, title VI, § 6.4, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1588; amended Pub. L. 100399, title II, § 201(c), Aug. 17, 1988, 102 Stat. 991, related to certification of eligibility to issue preferred stock.

Section 2278a5, Pub. L. 92181, title VI, § 6.5, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1588; amended Pub. L. 100399, title II, § 201(d), (e), Aug. 17, 1988, 102 Stat. 991, provided for ways the Board could render assistance to certified institutions.

Section 2278a6, Pub. L. 92181, title VI, § 6.6, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1589; amended Pub. L. 100399, title II, § 201(f)(i), Aug. 17, 1988, 102 Stat. 991; Pub. L. 101624, title XVIII, § 1843(a)(2), Nov. 28, 1990, 104 Stat. 3836, related to special powers of the Board.

Section 2278a7, Pub. L. 92181, title VI, § 6.7, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1591; amended Pub. L. 100399, title II, § 201(j), Aug. 17, 1988, 102 Stat. 991, related to administrative and financial support for the Board.

Section 2278a8, Pub. L. 92181, title VI, § 6.8, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1591, provided that the Boards powers were limited to the purposes specified in this subchapter.

Section 2278a9, Pub. L. 92181, title VI, § 6.9, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1591; amended Pub. L. 100399, title II, § 201(k), (l), Aug. 17, 1988, 102 Stat. 991; Pub. L. 102552, title III, § 301, Oct. 28, 1992, 106 Stat. 4107, provided that the Board would succeed to the assets of and assume all debts, obligations, contracts, and other liabilities of the Capital Corporation.

Section 2278a10, Pub. L. 92181, title VI, § 6.10, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1594, related to regulations and audits by and for the Board.

Section 2278a11, Pub. L. 92181, title VI, § 6.11, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1594, exempted the Board from various taxes.

Section 2278a12, Pub. L. 92181, title VI, § 6.12, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1594; amended Pub. L. 100399, title II, § 201(m), Aug. 17, 1988, 102 Stat. 991, stated that the Assistance Board and its authority would terminate on Dec. 31, 1992.

Section 2278a13, Pub. L. 92181, title VI, § 6.13, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1594; amended Pub. L. 100399, title II, § 201(n), Aug. 17, 1988, 102 Stat. 991, set out transitional provisions from the Farm Credit Administration Board to the Assistance Board.

Sections 2278b to 2278b11 comprised part B of this subchapter “Financial Assistance Corporation”.

Section 2278b, Pub. L. 92181, title VI, § 6.20, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1595, established the Farm Credit System Financial Assistance Corporation.

Section 2278b1, Pub. L. 92181, title VI, § 6.21, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1595; amended Pub. L. 102552, title III, § 307(a), Oct. 28, 1992, 106 Stat. 4116, provided for the purpose of the Financial Assistance Corporation.

Section 2278b2, Pub. L. 92181, title VI, § 6.22, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1595; amended Pub. L. 100399, title II, § 201(o), Aug. 17, 1988, 102 Stat. 991, provided for a Board of Directors, including its composition and duties.

Section 2278b3, Pub. L. 92181, title VI, § 6.23, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1595; amended Pub. L. 102237, title V, § 502(m), Dec. 13, 1991, 105 Stat. 1869, required the Corporation to issue generally nontransferable stock with a par value of $5 to System institutions.

Section 2278b4, Pub. L. 92181, title VI, § 6.24, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1596; amended Pub. L. 100399, title II, § 201(a), (b), Aug. 17, 1988, 102 Stat. 990, granted the Financial Assistance Corporation certain corporate powers.

Section 2278b5, Pub. L. 92181, title VI, § 6.25, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1597, established the Farm Credit Assistance Fund and the Financial Assistance Corporation Trust Fund.

Section 2278b6, Pub. L. 92181, title VI, § 6.26, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1597; amended Pub. L. 100399, title II, § 201(p)(x), Aug. 17, 1988, 102 Stat. 991, 992; Pub. L. 102552, title III, §§ 302304(a), 305, 306, Oct. 28, 1992, 106 Stat. 41094111, 4114, related to debt obligations issued by the Financial Assistance Corporation.

Section 2278b7, Pub. L. 92181, title VI, § 6.27, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1602; amended Pub. L. 100399, title II, § 201(y)(aa), Aug. 17, 1988, 102 Stat. 992, provided for System institution issuance of preferred stock subject to such terms and conditions as authorized by the Assistance Board.

Section 2278b8, Pub. L. 92181, title VI, § 6.28, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1603; amended Pub. L. 100399, title II, § 201(bb), Aug. 17, 1988, 102 Stat. 992; Pub. L. 102552, title III, § 304(b), Oct. 28, 1992, 106 Stat. 4114, provided for reimbursement to the Financial Assistance Corporation of certain interest charges.

Section 2278b9, Pub. L. 92181, title VI, § 6.29, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1603; amended Pub. L. 100460, title VI, § 646, Oct. 1, 1988, 102 Stat. 2266, related to one-time stock purchases by System institutions from the Financial Assistance Corporation.

Section 2278b10, Pub. L. 92181, title VI, § 6.30, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1604, exempted the Financial Assistance Corporation from various taxes.

Section 2278b11, Pub. L. 92181, title VI, § 6.31, as added Pub. L. 100233, title II, § 201, Jan. 6, 1988, 101 Stat. 1605; amended Pub. L. 102552, title III, § 307(b), Oct. 28, 1992, 106 Stat. 4116, provided for termination of the Financial Assistance Corporation and transfer of remaining funds into the Insurance Fund.