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" That every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation... "
The Federal Farm-loan System in Operation - Page 249
by Arne Clarence Wiprud - 1921 - 280 pages
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Service Monographs of the United States Government, Issue 34

1924 - 180 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes...First mortgages executed to Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed...
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Official Opinions of the Attorneys General of the United States ..., Volume 34

United States. Department of Justice - 1926 - 696 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes...First mortgages executed to Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed...
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Federal Reserve Banking Practice: By H. Parker Willis ... and William H ...

Henry Parker Willis, William Howard Steiner - 1926 - 1202 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, state, municipal, and local taxation, except taxes...bank or association under the provisions of section 11 and section 13 of this act. First mortgages executed to Federal land banks, or to joint-stock land...
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The Central Law Journal, Volume 83

1916 - 510 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from federal, state, municipal, and local taxation, except taxes...First mortgages executed to federal land banks, or to joint stock land banks, and farm loan bonds issued under the provision of this act, shall 330 331 be...
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United States Code Annotated, Volume 12

United States - 1927 - 612 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes...bank or association under the provisions of section 761 and section 781 of this chapter. First mortgages executed to Federal land banks, or to joint-stock...
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Federal Farm Loan Act as Amended to July 16, 1932 Exclusive of Provisions ...

United States - 1932 - 80 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes...by said bank or association under the provisions of 12 USC 761 and 781 [FFL Act ยงยง 11 and 13]. First mortgages executed to Federal land banks, or to...
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Creation of a System of Federal Home Loan Banks: Hearings Before a ...

United States. Congress. Senate. Committee on Banking and Currency - 1932 - 762 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes...real estate held, purchased, or taken by said bank. The bonds and debentures issued by each Federal home loan bank shall be deemed and held to be instrumentalities...
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Creation of a System of Federal Home Loan Banks: Hearings Before a ...

United States. Congress. House. Committee on Banking and Currency - 1932 - 440 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes...real estate held, purchased, or taken by said bank. The bonds and debentures issued by each Federal Home Loan Bank shall be deemed and held to be instrumentalities...
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Creation of a System of Federal Home Loan Banks: Hearings Before a ...

United States. Congress. Senate. Committee on Banking and Currency - 1932 - 212 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes...real estate held, purchased, or taken by said bank. The bonds and debentures issued by each Federal home loan bank shall be deemed and held to be instrumentalities...
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Circular

United States. Farm Credit Administration - 1934 - 1028 pages
...capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes...by said bank or association under the provisions of sections 761 and 781 of this chapter. First mortgages executed to Federal land banks, or to joint stock...
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