StacksVerified U.S. federal law reference

12 U.S.C. § 350 — Purchase and sale of debentures and like obligations of intermediate credit banks and agricultural credit corporations

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
Any Federal reserve bank may also buy and sell debentures and other such obligations issued by a Federal intermediate credit bank or by a national agricultural credit corporation, but only to the same extent as and subject to the same limitations as those upon which it may buy and sell bonds issued under title I of the Federal Farm Loan Act.