Page:United States Statutes at Large Volume 102 Part 1.djvu/1045

 PUBLIC LAW 100-399—AUG. 17, 1988

102 STAT. 1007

(2) by striking out the fourth comma; and (3) by striking out "title" the second place it appears and inserting in lieu thereof "Act".

TITLE IX—OTHER AMENDMENTS TO THE FARM CREDIT ACT OF 1971 SEC. 901. OTHER AMENDMENTS.

(a) Sections 1.21 and 2.8 are each amended by striking out "742(a)" 12 USC 2055, and inserting in lieu thereof "3124". 2079 (b) Sections 2.1(12) and 3.1(12) are each amended by striking out 12 USC 2072, "as defined in section 2 of the Federal Deposit Insurance Act" and ^122. inserting in lieu thereof "(within the meaning of section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813))". (c) Section 3.0 is amended by striking out "one or more" and 12 USC 2121. all that follows through "this Act" and inserting in lieu thereof "another bank". (d) Subsections (a) and Qy) of section 3.2 are amended to read as 12 USC 2123. follows: "(a) Each bank for cooperatives not merged into the United Bank for Cooperatives or the National Bank for Clooperatives shall elect a board of directors of such number, for such term, in such manner, and with such qualifications as may be required in its bylaws, except that at least one member shall be elected by the other directors, which member shall not be a director, officer, employee, or stockholder of a System institution. "(b) The board of directors of the CJentral Bank for Cooperatives shall consist of one member elected by the board of each bank for cooperatives, including the United Bank for Cooperatives if the Central Bank for (Cooperatives is not merged into such bank, and one member appointed by the Farm Credit Administration.". (e) Section 3.8(a)(4) is amended by striking out "district board" and 12 USC 2129. inserting in lieu thereof "bank board". (f) Section 4.12(a) is amended by striking out "district board" and 12 USC 2183. inserting in lieu thereof "board of the supervising bank". (g) Section 4.15 is amended by striking out "district" the first and 12 USC 2203. second places it appears and inserting in lieu thereof "bank". (h) Section 4.17 is amended by striking out "pursuant to section 12 USC 2205. 2.3 of this Act" and inserting in lieu thereof "and Farm Credit Banks". (i) Section 4.19(a) is amended by inserting "Farm Credit Bank" 12 USC 2207. after "district". (j) Section 4.19(b) is amended— (1) by striking out "The Federal land bank and the Federal intermediate credit hank" and inserting in lieu thereof "The Farm Credit Bank"; (2) by striking out "their" each place it appears and inserting in lieu thereof "its"; (3) by striking out "of this section"; (4) by striking out "banks" and inserting in lieu thereof "bank"; and (5) by striking out "a joint" and inserting in lieu thereof "an". (k) Section 4.28 is amended— 12 USC 2214. (1) by inserting "or associations" after "exempt banks"; and

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