§ 2245. Organization of Farm Credit Administration
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/usc/title-12/section-2245A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Policies of Board The Chairman of the Farm Credit Administration Board, in carrying out the powers and duties vested in the Chairman by this chapter, and Acts supplementary thereto, shall be governed by policies of the Board and by such regulatory decisions, findings, and determinations as the Board may by law be authorized to make.
(b)Appointments The Chairman of the Board shall appoint such personnel as may be necessary to carry out the functions of the Farm Credit Administration. The appointment by the Chairman of the heads of major administrative divisions under the Board shall be subject to the approval of the Board.
(c)Personnel
(1)Appointments by Board members Personnel employed regularly and full-time in the immediate offices of Board members shall be appointed by each such Board member.
(2)Officers and employees
(A)Appointment, compensation, and benefits The Chairman shall fix the compensation and number of, and appoint and direct, employees of the Administration. The Chairman may set and adjust the rates of basic pay for employees of the Administration without regard to the provisions of chapter 51, or subchapter III of chapter 53, of title 5. The Chairman may provide such additional compensation and benefits to employees of the Administration as is necessary to maintain comparability with the total amount of compensation and benefits provided by other Federal bank regulatory agencies. In setting and adjusting the total amount of compensation and benefits for employees of the Administration, the Chairman shall consult with, and seek to maintain comparability with, other Federal bank regulatory agencies.
(B)“Other Federal bank regulatory agencies” defined For purposes of this subsection, the term “other Federal bank regulatory agencies” has the same meaning given to the term “appropriate Federal banking agency” in section 1813(q) of this title.
(C)Ethics in Government The officers and employees of the agency shall be—
(i)subject to chapter 131 of title 5; and
(ii)considered officers or employees of the United States for the purposes of sections 201 through 203, and sections 205 through 209, of title 18.
(3)Delegation The powers of the Chairman as chief executive officer necessary for day to day management may be exercised and performed by the Chairman through such other officers and employees of the Administration as the Chairman shall designate, except that the Chairman may not delegate powers specifically reserved to the Chairman by this chapter without Board approval.
(d)Funding The operations of the Farm Credit Administration, and the salaries of members of the Board and employees of the Administration, shall be funded and paid for from the fund created under section 2250 of this title.
(Pub. L. 92–181, title V, § 5.11, Dec. 10, 1971, 85 Stat. 620; Pub. L. 99–205, title II, § 201(1), Dec. 23, 1985, 99 Stat. 1690; Pub. L. 100–233, title IV, § 431(c), title VIII, § 805(x), Jan. 6, 1988, 101 Stat. 1659, 1716; Pub. L. 100–399, title IV, § 415(a), title VII, § 702(b), Aug. 17, 1988, 102 Stat. 1004, 1006; Pub. L. 101–73, title XII, § 1210, Aug. 9, 1989, 103 Stat. 523; Pub. L. 117–286, § 4(c)(23), Dec. 27, 2022, 136 Stat. 4357.)
Connections14 cite this · traces to 7
Cited by 14 sections · top 13
statutes-at-large
- Public Law 99–205To amend the Farm Credit Act of 1971, to restructure and reform the Farm Credit System, and for other purposes
- Public Law 101–73To reform, recapitalize, and consolidate the Federal deposit insurance system, to enhance the regulatory and enforcement powers of Federal financial institutions regulatory agencies, and for other purposes
- Public Law 100–399To make technical corrections to the agricultural credit laws
- Public Law 117–286To make revisions in title 5, United States Code, as necessary to keep the title current, and to make technical amendments to improve the United States Code
- Public Law 100–233To provide credit assistance to farmers, to strengthen the Farm Credit System, to facilitate the establishment of secondary markets for agricultural loans, and for other purposes
statute-compilations
Traces to 7 documents
U.S. Code
26 references not yet in our index
- Pub. L. 92–181, title V, § 5
- 85 Stat. 620
- Pub. L. 99–205, title II, § 201(1)
- 99 Stat. 1690
- Pub. L. 100–233, title IV, § 431(c)
- 101 Stat. 1659
- Pub. L. 100–399, title IV, § 415(a)
- 102 Stat. 1004
- Pub. L. 101–73, title XII, § 1210
- 103 Stat. 523
- 136 Stat. 4357
- Pub. L. 101–73
- 2 U.S.C. 701
- Pub. L. 100–233, § 805(x)
- Pub. L. 100–399, § 702(b)
- Pub. L. 100–233, § 431(c)
- Pub. L. 100–399, § 415(a)
- Pub. L. 99–205
- section 415(a) of Pub. L. 100–399
- Pub. L. 100–233
- section 1001(a) of Pub. L. 100–399
- section 401 of Pub. L. 99–205
- Pub. L. 100–399, title VII, § 702(b)
- 102 Stat. 1006
- section 805(x) of Pub. L. 100–233
- section 402 of Pub. L. 99–205
Citation graph
cites case law
§ 2245
Organization of Farm Credit Administration
Stat.×6
Bills×5
Pub. L.×1
Stat. Comp.×1
U.S.C.×1
Pub. L.Pub. L. 92–181, title V, § 5
Stat.85 Stat. 620
Pub. L.Pub. L. 99–205, title II, § 201(1)
Stat.99 Stat. 1690
Pub. L.Pub. L. 100–233, title IV, § 431(c)
Cites 33 · showing 12Cited by 14 across 5 sources