View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

S E C T I O N 16 O F T H E F E D E R A L F A R M M O R T G A G E C O R P O R A T I O N A C T , A P P R O V E D J A N U A R Y 31,1934, A M E N D I N G S E C T I O N S 13 A N D 14 O F T H E F E D E R A L R E S E R V E
ACT

SEO. 16. (a) The first sentence of tlie eighth paragraph of section
13 of the Federal Reserve Act, as amended, is further amended by
inserting before the semicolon after the words " section 13 (a) of
this A c t " a comma and the following: " or by the deposit or pledge
of Federal Farm Mortgage Corporation bonds issued under the
Federal Farm Mortgage Corporation Act."
(b) Paragraph (b) of section 14 of the Federal Reserve Act, as
amended (U.S.C., title 12, sees. 353-358), is further amended by
inserting after the words " bonds and notes of the United States "
a comma and the following: " bonds of the Federal Farm Mortgage
Corporation having maturities from date of purchase of not exceeding six months."
37916—34