Code of Federal Regulations · Section
§ 615.5550 — Bankers' Acceptances
12 C.F.R. § 615.5550
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Banks for cooperatives may rediscount with other purchasers the acceptances they have created. The bank for cooperatives' board of directors, under established policies, may delegate this authority to management.
Authorizing Statute
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General corporate powers12 U.S.C. § 2013
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Capital adequacy of banks and institutions12 U.S.C. § 2154