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