Title 12 — Banks and BankingRelease 119-73

§2256 Consent to the availability of reports and to examinations

Title 12 › Chapter CHAPTER 23— - FARM CREDIT SYSTEM › Subchapter SUBCHAPTER V— - FARM CREDIT ADMINISTRATION ORGANIZATION › Part Part B— - Farm Credit Administration Organization › § 2256

Last updated Apr 6, 2026|Official source

Summary

To get discount privileges at a Farm Credit System bank, any organization that is not a State bank, trust company, or savings association must give the bank a written agreement allowing Farm Credit examiners to inspect them when the Farm Credit Administration directs. State banks, trust companies, and savings associations may be required to give a written agreement allowing their state examination reports to be shared with the Farm Credit Administration if it asks.

Full Legal Text

Title 12, §2256

Banks and Banking — Source: USLM XML via OLRC

Any organization other than State banks, trust companies, and savings associations shall, as a condition precedent to securing discount privileges with a bank of the Farm Credit System, file with such bank its written consent to examination by farm credit examiners as may be directed by the Farm Credit Administration; and State banks, trust companies, and savings associations may be required in like manner to file a written consent that reports of their examination by constituted State authorities may be furnished by such authorities upon the request of the Farm Credit Administration.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 5.21 of Pub. L. 92–181 was renumbered section 5.20 and is classified to section 2255 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 2256

Title 12 — Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73