Full text: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

Fi, 
APPENDIX 
agent and the Federal reserve bank: Provided Further 
That nothing in this section shall be construed to deny 
the right of the Secretary of the Treasury to use member 
banks as depositaries as heretofore authorized by law. 
The Secretary of the Treasury is hereby authorized t0 
assign any or all the rooms, vaults, equipment, and safes 
or space in the buildings used by the subtreasuries to any 
Federal reserve bank acting as fiscal agent of the United 
States. 
AGRICULTURAL CREDITS ACT OF 1923, APPROVED 
MARCH 4, 1923, AS AMENDED BY THE ACTS OF 
MARCH 4, 1925. FEBRUARY 8. 1927. AND JUNE og 1930 
Tiree I.—FEpERAL INTERMEDIATE CREDIT BANKS 
‘Amendments to Federal Farm Loan Act) 
DISCOUNTS AND LOANS 
Sec. 202.5 (a) That Federal Intermediate Credit Banks: 
when chartered and established, shall have power, subject 
solely to such restrictions, limitations, and conditions 89 
may be imposed by the Federal Farm Loan Board not 
inconsistent with the provisions of this Act,— 
(1) To discount for, or purchase from, any national 
sank, and/or any State bank, trust company, agricultural 
credit corporation, incorporated live-stock loan company, 
savings institution, cooperative bank, cooperative credit 
or marketing association of agricultural producers, 
organized under the laws of any State or of the Govern- 
ment of the United States, and/or any other Federal 
[ntermediate Credit Bank, with its indorsement, any 
note, draft, bill of exchange, debenture, or other such 
obligation the proceeds of which have been advanced or 
used in the first instance for any agricultural purpose or 
for the raising, breeding, fattening, or marketing of live 
stock; and to make loans or advances direct to any such 
organization, secured by such obligations. 
(2) To buy or sell, with or without recourse, debentures 
issued by any other Federal Intermediate Credit Bank: 
and 
¢ This section was added to the Federal Farm Loan Act by section 2 of the Agriculturs] 
Credits Act of 1092
	        
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