# 12 U.S.C. § 2242: Farm Credit Administration Board

> Federal · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/usc_t12_s2242

## Section

- **Citation:** 12 U.S.C. § 2242
- **Heading:** Farm Credit Administration Board
- **Jurisdiction:** Federal
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** July 23, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—BANKS AND BANKING > CHAPTER 23—FARM CREDIT SYSTEM > SUBCHAPTER V—FARM CREDIT ADMINISTRATION ORGANIZATION > Part B—Farm Credit Administration Organization

## Text

The management of the Farm Credit Administration shall be vested in a Farm Credit Administration Board (referred to in this part as “the Board”). The Board shall consist of three members, who shall be citizens of the United States and broadly representative of the public interest. Members of the Board shall be appointed by the President, by and with the advice and consent of the Senate. Not more than two members of the Board shall be members of the same political party. Of the persons thus appointed, one shall be designated by the President to serve as Chairman of the Board for the duration of the member’s term. The members of the Board shall be ineligible during the time they are in office and for two years thereafter to hold any office, position, or employment in any institution of the Farm Credit System.

( Pub. L. 92–181, title V, § 5 .8, Dec. 10, 1971 , 85 Stat. 617 ; Pub. L. 96–592, title V, § 503 , Dec. 24, 1980 , 94 Stat. 3449 ; Pub. L. 99–205, title II, § 201(1) , Dec. 23, 1985 , 99 Stat. 1688 ; Pub. L. 100–233, title IV, § 431(a) , Jan. 6, 1988 , 101 Stat. 1658 ; Pub. L. 102–552, title I, § 102 , Oct. 28, 1992 , 106 Stat. 4103 .)

## Nearby sections

- [12 U.S.C. § 2221 Transferred](https://www.frixlaw.com/law-library/statutes/usc_t12_s2221.md)
- [12 U.S.C. § 2222 to 2227 Repealed. Pub. L. 100–399, title IV, § 409(d) , Aug. 17, 1988 , 102 Stat. 1003](https://www.frixlaw.com/law-library/statutes/usc_t12_s2222...2227.md)
- [12 U.S.C. § 2241 Farm Credit Administration](https://www.frixlaw.com/law-library/statutes/usc_t12_s2241.md)
- [12 U.S.C. § 2242 Farm Credit Administration Board](https://www.frixlaw.com/law-library/statutes/usc_t12_s2242.md)
- [12 U.S.C. § 2243 Powers of Board](https://www.frixlaw.com/law-library/statutes/usc_t12_s2243.md)
- [12 U.S.C. § 2244 Chairman; responsibilities; governing standards](https://www.frixlaw.com/law-library/statutes/usc_t12_s2244.md)
- [12 U.S.C. § 2245 Organization of Farm Credit Administration](https://www.frixlaw.com/law-library/statutes/usc_t12_s2245.md)
- [12 U.S.C. § 2246 Advisory committees](https://www.frixlaw.com/law-library/statutes/usc_t12_s2246.md)
- [12 U.S.C. § 2247 Repealed. Pub. L. 99–205, title II, § 201(2) , Dec. 23, 1985 , 99 Stat. 1690](https://www.frixlaw.com/law-library/statutes/usc_t12_s2247.md)
- [12 U.S.C. § 2248 Seal of the Farm Credit Administration](https://www.frixlaw.com/law-library/statutes/usc_t12_s2248.md)
- [12 U.S.C. § 2249 Administrative expenses](https://www.frixlaw.com/law-library/statutes/usc_t12_s2249.md)
- [12 U.S.C. § 2250 Farm Credit Administration operating expenses fund](https://www.frixlaw.com/law-library/statutes/usc_t12_s2250.md)
- [12 U.S.C. § 2251 Quarters and facilities for the Farm Credit Administration](https://www.frixlaw.com/law-library/statutes/usc_t12_s2251.md)
- [12 U.S.C. § 2252 Powers and duties](https://www.frixlaw.com/law-library/statutes/usc_t12_s2252.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/usc_t12_s2242. Check the current official text before relying on it. Not legal advice.