Section
1040, act Aug. 19, 1937, ch. 704, § 39,
50 Stat. 718, defined “debenture” and “debentures” as used in purchase, sale, or use as security of debentures issued by or for benefit of intermediate credit banks.
Section
1041, act July 17, 1916, ch. 245, title II, § 203(a), as added Mar. 4, 1923, ch. 252, title I, § 2,
42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; June 3, 1935, ch. 164, § 6(a),
49 Stat. 315; Aug. 19, 1937, ch. 704, § 27,
50 Stat. 715; July 26, 1956, ch. 741, title I, § 104(f),
70 Stat. 664; Oct. 4, 1965.
Pub. L. 89–237, § 1(b),
79 Stat. 922; June 18, 1968,
Pub. L. 90–345, § 1(a),
82 Stat. 182, empowered intermediate credit banks to borrow money and issue and sell collateral trust debentures. See section
2074 of this title.
Section
1042, act July 17, 1916, ch. 245, title II, § 203(b), as added Mar. 4, 1923, ch. 252, title I, § 2,
42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933; Aug. 19, 1937, ch. 704, § 28,
50 Stat. 715; Sept. 20, 1966,
Pub. L. 89–595,
80 Stat. 821, directed Farm Credit Administration to prescribe rules and regulations governing collateral and handling thereof and to fix interest rates.
Section
1043, act July 17, 1916, ch. 245, title II, § 203(c), as added Mar. 4, 1923, ch. 252, title I, § 2,
42 Stat. 1456; amended Ex. Ord. No. 6084, Mar. 27, 1933, prohibited assumption of liability on debentures or other obligations issued pursuant to former section
1041 of this title by the United States.
Section
1044, act July 17, 1916, ch. 245, title II, § 203(d), as added June 3, 1935, ch. 164, § 6(b),
49 Stat. 315; amended July 26, 1956, ch. 741, title I, § 104(f),
70 Stat. 664, authorized intermediate credit banks to issue and sell consolidated debentures or other similar obligations.
Section
1045, act July 17, 1916, ch. 245, title II, § 203(e), as added June 3, 1935, ch. 164, § 6(b),
49 Stat. 316; amended July 26, 1956, ch. 741, title I, § 104(f),
70 Stat. 664, covered investment of fiduciary and trust funds in debentures and other similar obligations of intermediate credit banks and security for public deposits.