Page:United States Statutes at Large Volume 101 Part 3.djvu/413

 PUBLIC LAW 100-233—JAN. 6, 1988 (f) LAND BANK RESERVES.—Section

1.17

(12

U.S.C. 2051)

101 STAT. 1711 is

amended— (1) in subsection (a), by inserting "regulations o f before "the Farm Credit Administration"; and (2) in subsection (b)— (A) by striking out "(1)"; and (B) by striking out "hereof, and (2) the approval of the Farm Credit Administration". (g) ASSOCIATION RESERVES.—Section 1.18(a) (12 U.S.C. 2052(a)) is amended by inserting "regulations o f before "the Farm Credit Administration''. (h) FEDERAL INTERMEDIATE CREDIT BANK, ESTABLISHMENT.—Sec-

tion 2.0 (12 U.S.C. 2017) is amended by striking out the second sentence and inserting in lieu thereof "The Farm Credit Administration shall approve amendments consistent with this Act to charters of Federal intermediate credit banks.".

12 USC 2071.

(i) FEDERAL INTERMEDIATE CREDIT BANK, CORPORATE POWERS.—

Section 2.1 (12 U.S.C. 2018) is amended— (1) in paragraph (13), by striking out "and approved by" and inserting in lieu thereof "in accordance with regulations of; and (2) in paragraph (18), by striking out "and approved by the Farm Credit Administration". (j) FEDERAL INTERMEDIATE CREDIT BANK, STOCK.—Section 2.2

12 USC 2072.

,,.,

(12

U.S.C. 2019) is amended— 12 USC 2073. (1) in subsection (a), by striking out "with the approval of the Farm Credit Administration"; (2) in subsection (d), by striking out "and approved by the Farm Credit Administration"; and (3) in subsection (g)— (A) in the first paragraph, by striking out ", with the approval of the Farm Credit Administration,"; (B) in the second paragraph, by striking out ", with approval of the Farm Credit Administration,"; and (C) in the first sentence of the fourth paragraph, by striking out "under" and inserting in lieu thereof "in accordance with". (k) NET EARNINGS.—The second sentence of section 2.6(c) (12 U.S.C. 2077(a)) is amended— (1) by striking out "approved" and inserting in lieu thereof "established"; and (2) by inserting after "Administration" the following "in regulations". (1) PRODUCTION CREDIT ASSOCIATIONS, CHARTER.—The last sentence of section 2.10 (12 U.S.C. 2019) is amended— 12 USC 2091. (1) by striking out "or by approval of bylaws of the sissociation,"; and (2) by striking out "direct" and all that follows through the period and inserting in lieu thereof "approve amendments to the charter of such association.". (m) BANKS FOR COOPERATIVES, ESTABLISHEMNT.—Section 3.0

(12

U.S.C. 2121) is amended by striking out the second sentence and inserting in lieu thereof "The Farm Credit Administration shall approve amendments consistent with this Act to charters and organizational certificates of banks for cooperatives.".

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