{"data":{"id":"us/12-cfr-615.5100","jurisdiction":"us","citation":"12 CFR 615.5100","heading":"Authority to issue.","body":"The Act authorizes each bank of the System, subject to the collateral requirements of section 4.3(c) of the Act, to issue:\n(a) Notes, bonds, debentures, or other similar obligations;\n(b) Consolidated obligations, together with any or all banks organized and operating under the same title of the Act;\n(c) Systemwide obligations, together with other banks of the System; and\n(d) Investment bonds to the authorized purchasers subject to the limitations contained in the regulations set forth in subpart D.","path":["Title 12—Banks and Banking","CHAPTER VI—FARM CREDIT ADMINISTRATION","SUBCHAPTER B—FARM CREDIT SYSTEM","PART 615—FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS","Subpart C—Issuance of Bonds, Notes, Debentures and Similar Obligations"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"16e58684df5d631cb746dca48a355766f5913ed811d2f9c2e887ad6f7fdfa579","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-615.5090","next":"us/12-cfr-615.5101"},"notice":"GroundRules: Original legal text. Not legal advice."}