[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR612.2270]



[Page 93]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 612_STANDARDS OF CONDUCT AND REFERRAL OF KNOWN OR SUSPECTED CRIMINAL 

VIOLATIONS--Table of Contents

 

                     Subpart A_Standards of Conduct

 

Sec. 612.2270  Purchase of System obligations.



    (a) Employees and directors of System institutions, other than the 

Federal Farm Credit Banks Funding Corporation, may only purchase joint, 

consolidated, or Systemwide obligations that are:

    (1) Part of an offering available to the general public; and

    (2) Purchased through a dealer or dealer bank affiliated with a 

member of the selling group designated by the Federal Farm Credit Banks 

Funding Corporation or purchased in the secondary market.

    (b) No director or employee of the Federal Farm Credit Banks Funding 

Corporation may purchase or otherwise acquire, directly or indirectly, 

except by inheritance, any joint, consolidated, or Systemwide 

obligation.