StacksVerified U.S. regulatory reference

12 U.S.C. § 2147

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—
  1. (1)for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and
  2. (2)allocate revenues, expenses, and net savings among such pools on an equitable basis.