System bank definition

System bank means any Federal land bank, Federal intermediate credit bank, or bank for cooperatives, including the Central Bank for Cooperatives.
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Examples of System bank in a sentence

  • Upon the approval of the board of directors of the respective Farm Credit System institutions, any System bank, association, or service corporation or service association may enter into an agreement to share loan and other losses with any other institution(s) of the System.

  • For purposes of this Section, "Bank" shall include any System bank in conservatorship or receivership.

  • Until each obligation issued in accordance with this subsection reaches maturity, for all financial reporting purposes, such obliga- tion shall be considered to be the sole obli- gation of the Financial Assistance Corpora- tion and shall not be considered a liability of any System bank, nor shall the obligation to make future annuity payments to the ▇▇▇▇▇- cial Assistance Corporation under subpara- graph (D) be considered a liability of any System bank.

  • SUPPLEMENTARY INFORMATION: System banks and the Funding Corporation entered into the original Market Access Agreement (original MAA) on September 1, 1994, to help control the risk of each System bank by outlining each party's respective rights and responsibilities in the event the condition of a System bank fell below certain financial thresholds.