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Title 12, Banks and BankingRelease 119-102

§2257 Reports on Conditions of Institutions Receiving Loans or Deposits

Title 12 › CHAPTER 23 — FARM CREDIT SYSTEM › SUBCHAPTER V — FARM CREDIT ADMINISTRATION ORGANIZATION › Part B — Farm Credit Administration Organization › § 2257

Last updated Aug 21, 2026|Official source

Summary

Allows federal executive departments, boards, commissions, independent agencies, the FDIC, the Comptroller of the Currency, the Federal Reserve Board, and Federal Reserve banks to, under rules they set and when the Farm Credit Administration asks, give the FCA or any Farm Credit System institution confidential reports, records, or other information about the financial condition of any organization the system has lent to, plans to lend to, discounts paper for, or uses or plans to use as a custodian or depository. Federal Reserve banks that hold or handle bonds, debentures, or other obligations for System banks must let Farm Credit examiners audit the relevant books, accounts, financial records, files, and papers when the FCA requests.

Full Legal Text

Title 12, §2257

Banks and Banking, Source: USLM XML via OLRC

The executive departments, boards, commissions, and independent establishments of the Government of the United States, the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Reserve banks are severally authorized under such conditions as they may prescribe, upon request of the Farm Credit Administration, to make available to it or to any institution of the System in confidence all reports, records, or other information relating to the condition of any organization to which such institution of the System has made or contemplates making loan or for which it has or contemplates discounting paper, or which it is using or contemplates using as a custodian of securities or other credit instruments, or a depository. The Federal Reserve banks in their capacity as depositories, agents, and custodians for bonds, debentures, and other obligations issued by the banks of the System or book entries thereof are also authorized and directed, upon request of the Farm Credit Administration, to make available for audit by farm credit examiners all appropriate books, accounts, financial records, files, and other papers.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 5.22 of Pub. L. 92–181 was renumbered section 5.21 and is classified to section 2256 of this title.

Reference

Citations & Metadata

Citation

12 U.S.C. § 2257

Title 12, Banks and Banking

Last Updated

Aug 21, 2026

Release point: 119-102