Page:United States Statutes at Large Volume 54 Part 1.djvu/603

 54 STAT.] 76TH CONG. , 3D SESS.-CH. 421 -JUNE 25, 1940 ing legal services, and other miscellaneous expenses; necessary administrative expenses in connection with the making of loans under the provisions of the Act of January 29, 1937 (50 Stat. 5), and the collection of moneys due the United States on account of loans made under the provisions of the Acts of March 3, 1921 (41 Stat. 1347), March 20, 1922 (42 Stat. 467), April 26, .1924 (43 Stat. 110) February 28, 1927 (44 Stat. 1251), February 25, 1929 (45 Stat. 1306), as amended May 17, 1929 (46 Stat. 3), March 3, 1930 (46 Stat. 78, 79), December 20, 1930 (46 Stat. 1032), February 14, 1931 (46 Stat. 1160), and February 23, 1931 (46 Stat. 1276); January 22, 1932 (47 Stat. 5), February 4, 1933 (47 Stat. 795), March 4, 1933 (47 Stat. 1547), February 23, 1934 (48 Stat. 354), March 10, 1934 (48 Stat. 402), June 19, 1934 (48 Stat. 1021), February 20, 1935 (49 Stat. 28), March 21, 1935 (49 Stat. 49), April 8, 1935 (49 Stat. 115), January 29, 1937 (50 Stat. 5), February 9, 1937 (50 Stat. 8, 11), February 4, 1938 (52 Stat. 26), and Executive Order Numbered 7305, dated February 28, 1936; examination of corporations, banks, associations, credit unions, and institutions operated, supervised, or regulated by the Farm Credit Administration: Provided, That the expenses and salaries of employees engaged in such examinations shall be assessed against the said corporations, banks, or institutions in accordance with the provisions of existing laws; in all, $3,770,000, together with not to exceed $3,900,000 from the funds made available to the Farm Credit Administration under the Acts of January 29, 1937 (50 Stat. 5), February 9, 1937 (50 Stat. 8, 11), February 4, 1938 (52 Stat. 26), and June 30, 1939 (Public, No. 159). Farmers' crop production and harvesting loans: For loans to farm- ers under the Act of January 29, 1937 (50 Stat. 5), as amended by the Act of February 4, 1938 (52 Stat. 26), and June 30, 1939 (Public, No. 159), the unobligated balance (exclusive of the amount of such balance made available for "Salaries and expenses, Farm Credit Administration, 1941") of the appropriation "Crop production and harvesting loans" as made in the First Deficiency Appropriation Act, fiscal year 1937 (50 Stat. 8, 11), and as continued available by the Act of February 4, 1938 (52 Stat. 26), and June 30, 1939 (Public, No. 159), together with all collections of principal and interest on loans heretofore or hereafter made under said Act of January 29, 1937 (50 Stat. 5): Provided, That no employee of the United States on whose certificate or approval loans under said Act of January 29, 1937, as amended, or other acts of the same general character, are or have been made, shall be held personally liable for any loss or deficiency occasioned by the fraud or misrepresentation of applicants or borrowers, if the Governor of the Farm Credit Administration shall determine that such employee has exercised reasonable care in the circumstances, and has complied with the regulations of the Farm Credit Administration in executing such certificate or giving such approval. Notwithstanding any such determination by the Governor of the Farm Credit Administration, this provision shall not be construed to prevent any criminal process against any person who was a party to or had guilty knowledge of such fraud or misrepresentation. FED)RAL FARM MORTLAGE CORPORATION Not to exceed $7,000,000 of the funds of the Federal Farm Mort- gage Corporation, established by the Act of January 31, 1934 (48 Stat. 344), shall be available during the fiscal year 1941 for adminis- trative expenses of the Corporation, including personal services in the District of Columbia and elsewhere; travel expenses of officers and employees of the Corporation, in accordance with the Stand- 569 Collection of loans underdesignatedActs. Examination of banks, etc. Proviso. Assessments. Total; additional 12U.8.0. Snpp V, Sf 1020i-1020 . 53 Stat. 979. Farmers' crop pro- duction, etc.. loans. &3 Stat. 979. 53 Stat. 979. Proviso. Liability of U. 8 . employees for fraud of borrowers, etc. Administrative ex- penses. 12U.S.C., § 1020- 1020h;Supp.V, §§120- 1020d. Post, p. 640 . Travel expens.

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