Page:United States Statutes at Large Volume 57 Part 1.djvu/437

 [57 STAT. made under the provisions of said Act and similar Acts administered by the Farm Credit Administration relating to loans for crop produc- tion, feed, seed, and harvesting; examination of corporations, banks, associations, and institutions operated, supervised, or regulated by Landbanks, exami the Farm Credit Administration: Provided, That hereafter the nationsrequirement (12 U. S . C . 952) that Federal land banks and joint stock land banks shall be examined at least twice each year is hereby modi- fied so that such examinations need be made only once each year: Assessments. Provided further, That hereafter the expenses and salaries of employees engaged in such examinations shall be assessed against the said corporations, banks, or institutions in accordance with the pro- visions of existing laws except that the amounts collected from the Federal land banks, joint stock land banks, and Federal intermediate 39 Stat. 360 . credit banks pursuant to the Act of July 17, 1916, as amended (12 U. S. C. 657), shall be covered into the Treasury and credited to a Advancecollections special fund, and the Administration shall estimate the cost to the Farm Credit Administration of the administrative supervision of the Federal land banks, the banks for cooperatives, the Federal inter- mediate credit banks, and the production credit corporations for the fiscal year 1944 and shall apportion the amount so determined among such banks and corporations on such equitable basis as said Admin- istration shtll determine, and shall assess and collect such amounts in advance from such banks and corporations and the amount so collected shall be covered into the Treasury and credited to said special fund, which fund is hereby made available to said Administration for expenditure for the purposes set forth in this appropriation: Provided further, That as soon as practicable after June 30, 1944, said seCsofexaminatio Administration shall determine, on a fair and reasonable basis, (1) the cost of the examination services rendered during the fiscal year 1944 to each Federal land bank, joint stock land bank, and Federal interme- t i suervision.a diate credit bank and (2) the amount which fairly and equitably should be allocated to each Federal land bank, bank for cooperatives, Federal intermediate credit bank, and production credit corporation as the cost during the fiscal year 1944 of their administrative super- A.ijustmenta. vision, and if the sum of these two items in any case is greater than the total amount collected from the bank or the corporation concerned, the difference shall be collected from such bank or corporation or, if less, shall be refunded from said special fund to the bank or the corporation entitled thereto; in all, $689,259, together with not to exceed $3,938,561 from the funds made available to the Farm Credit 50 Stat. 5. Administration pursuant to the Act of January 29, 1937 (12 U. S . C. 1020i-1020n, 1020o). Farmers' crop production and harvesting loans: For loans to farm- 50o tat. 5. ers under the Act of January 29, 1937 (12 U. S . C. 1 0 20i-1020n, 1020o), as amended by the Acts of February 4, 1938 (52 Stat. 26), June 30, 4 Stat. . 1939 (53 Stat. 939), June 25, 1940 (12 U. S . C . 1020n-1), and July 1, 1941 (55 Stat. 444), and July 22, 1942 (56 Stat. 700-701), $4,907,273, together with the unobligated balance (exclusive of the amount of such balance made available for "Salaries and expenses, Farm Credit Administration, 1944") 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 Acts of February 4, 1938 (52 Stat. 26), June 30, 1939 (53 Stat. 54Stat. 669. 939), June 25, 1940 (12 U. S. C . 1020n-1), July 1, 1941 (55 Stat. 444), and July 22, 1942 (56 Stat. 700-701). together with all col- lections of principal and interest on loans heretofore or hereafter sta5 made under said Act of January 29, 1937 (12 U. S . C . 1020i-1020n, 1020o). PUBLIC LAWS--CH. 215 --JULY 12, 1943 424
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