FEDERAL · 12 U.S.C. · Chapter 24

Definitions

Current through Pub. L. 119-102
Title 12Banks and Banking·Ch. 24 — FEDERAL FINANCING BANK

For the purposes of this chapter—

(1)The term "Federal agency" means an executive department, an independent Federal establishment, or a corporation or other entity established by the Congress which is owned in whole or in part by the United States.
(2)The term "obligation" means any note, bond, debenture, or other evidence of indebtedness, but does not include Federal Reserve notes or stock evidencing an ownership interest in the issuing Federal agency.
(3)The term "guarantee" means any guarantee, insurance, or other pledge with respect to the payment of all or part of the principal or interest on any obligation, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions, or any guarantee or pledge arising out of a statutory obligat

Free access — add to your briefcase to read the full text and ask questions with AI

12 U.S.C. § 2282 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Source Credit

History

(Pub. L. 93–224, §3, Dec. 29, 1973, 87 Stat. 937.)