§ 1051 to 1053. — Repealed.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1051]
TITLE 12--BANKS AND BANKING
CHAPTER 7--FARM CREDIT ADMINISTRATION
SUBCHAPTER III--FEDERAL INTERMEDIATE CREDIT BANKS
Discount Rates
Secs. 1051 to 1053. Repealed. Pub. L. 92-181, title V,
Sec. 5.26(a), Dec. 10, 1971, 85 Stat. 624
Section 1051, act July 17, 1916, ch. 245, title II, Sec. 204(a), as
added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456; amended
Mar. 4, 1925, ch. 524, Sec. 2, 43 Stat. 1262; Ex. Ord. No. 6084, Mar.
27, 1933; June 3, 1935, ch. 164, Sec. 7, 49 Stat. 316; July 26, 1956,
ch. 741, title I, Sec. 104(d), 70 Stat. 664, provided for discount rates
to be charged by intermediate credit banks. See section 2075 of this
title.
Section 1052, act July 17, 1916, ch. 245, title II, Sec. 204(b), as
added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456; amended Ex.
Ord. No. 6084, Mar. 27, 1933, placed a limitation on interest rate
charged original borrower on paper discounted with bank.
Section 1053, act July 17, 1916, ch. 245, title II, Sec. 204(c), as
added Mar. 4, 1923, ch. 252, title I, Sec. 2, 42 Stat. 1456; amended Ex.
Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, Sec. 29, 50 Stat.
715, covered purchases by intermediate credit banks of debentures or
other similar obligations issued by or for benefit of such bank or other
intermediate credit banks.
