§ 992 to 993. — Repealed.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: 12USC992]
TITLE 12--BANKS AND BANKING
CHAPTER 7--FARM CREDIT ADMINISTRATION
SUBCHAPTER I--FEDERAL LAND BANKS, JOINT-STOCK LAND BANKS, AND FEDERAL
LAND BANK ASSOCIATIONS
Government Deposits in Land Banks
Secs. 992 to 993. Repealed. Pub. L. 87-353, Sec. 3(a), (w), Oct.
4, 1961, 75 Stat. 773, 774
Section 992, act July 17, 1916, ch. 245, Sec. 32 (par.), as added
May 12, 1933, ch. 25, title II, Sec. 21, 48 Stat. 41; amended June 16,
1933, ch. 98, title VIII, Sec. 80(a), 48 Stat. 273, related to
Government guaranty of interest on qualified Federal land bank bonds
issued during limited period, use of proceeds of such bonds, limitation
on aggregate amount of such bonds, payment of interest by Government on
inability of issuing bank and rights of Government after such payment.
Section 992a, act Jan. 31, 1934, ch. 7, Sec. 5, 48 Stat. 346,
prohibited any Federal land bank, ninety days after January 31, 1934,
from issuing any bonds under provisions of section 992 of this title,
subject to guarantee of interest on such bonds by United States except
for purpose of refinancing any bond which was or had been issued subject
to such guarantee of interest.
Section 993, act July 17, 1916, ch. 245, Sec. 32 (par.), as added
May 12, 1933, ch. 25, title II, Sec. 21, 48 Stat. 41, related to
delivery of bonds issued under section 992 of this title in payment of
certain mortgages.
