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The authority citations in 12 CFR Part 619 (e.g., Secs. 1.4, 1.5, 1.7, 2.1, etc. of the Farm Credit Act) provide broad authority to the FCA to regulate the Farm Credit System. While some sections of the Farm Credit Act address specific areas, the delegation of authority for defining key terms like “consolidation”, “agricultural land”, “differential interest rates”, and others within Part 619 is best characterized as a general authority delegation, as it facilitates the general functioning and governance of the Farm Credit System without focusing on any specific regulatory task.

12 U.S.C. § 2142 related to the board of directors of a consolidated bank within the Farm Credit System. While the statute itself does not directly mandate the definitions in 12 CFR Part 619, the authority citations in Part 619, particularly those stemming from the Farm Credit Act (e.g., Secs. 3.1 and 3.2), authorize the Farm Credit Administration (FCA) to issue regulations regarding the operations and governance of Farm Credit System institutions, including consolidated banks. These regulations reasonably include definitions of key terms. Because it is authorized but not directly mandated, the classification is (b).

While Section 2129 generally defines eligibility for borrowing from banks for cooperatives, subsection (a)(2) specifically directs the Farm Credit Administration to regulate the permissible dividend rate for eligible associations. This is a specific regulatory task identified within the broader context of eligibility, utilizing the open-ended term “approved”, which Hickman identifies as characteristic of specific authority delegations.

12 U.S.C. § 2129(a)(2) states that eligibility to borrow from a bank for cooperatives requires that the association “does not pay dividends on stock or membership capital in excess of such per centum per annum as may be approved under regulations of the Farm Credit Administration”. This authorizes the Farm Credit Administration to issue regulations on the dividend rate, but does not mandate it.

The statute specifically instructs the Farm Credit Administration (FCA) and the Banks for Cooperatives on how to handle stock ownership by borrowers. It outlines the parameters within which these entities can operate regarding stock investment requirements and mentions acceptable methods for determining adequate capital. It uses language like “as the lending bank may determine,” indicating a clear, although open-ended, delegation of authority to establish the specifics.

The statute, 12 U.S.C. § 2130, authorizes banks for cooperatives to determine the amount of stock borrowers are required to invest in, based on various criteria. While it sets some limitations (e.g., 10% of the loan amount at closing), it does not directly mandate the specifics of how the bank must implement this, allowing for agency rulemaking to flesh out the details of organization.

The regulation, 12 CFR Part 616, broadly governs leasing activities. While 12 U.S.C. § 2130 specifically mentions stock purchase requirements related to loans, the regulations extend to various aspects of leasing, including definitions, purchasing and selling interests in leases, out-of-territory leasing, policies, procedures, underwriting standards, documentation, investment in leased assets, leasing limits, disclosure requirements, and stock purchase requirements. Since the statute gives a broad authority to implement more regulations related to bank operations, this is a general authority delegation.

12 U.S.C. § 2130 gives the bank for cooperatives discretion in setting stock ownership requirements for borrowers. The statute authorizes this activity, giving broad discretion to the bank to determine what is appropriate. While it does not mandate a specific regulation, it explicitly authorizes the bank to establish such requirements. Therefore, the regulation is authorized but not mandated.

While broad in some sense, the delegation specifically tasks the Farm Credit Administration (FCA) with regulating the “terms, conditions, and security” of loans. This outlines a specific regulatory task, even if the language allows for some discretion in implementation.

Subsection (b) of the statute explicitly states that “Loans shall be made upon such terms, conditions, and security, if any, as may be determined by the bank in accordance with regulations of the Farm Credit Administration.” This directly mandates the FCA to issue regulations regarding loan terms, conditions, and security.

While the statute does not explicitly detail every aspect of the regulations the Farm Credit Administration should create, it identifies a specific regulatory task: determining the terms, conditions, and security of loans. This is a more targeted delegation than a broad grant of rulemaking authority without any particular area of focus.

Subsection (b) of the statute explicitly authorizes the Farm Credit Administration to issue regulations regarding the terms, conditions, and security of loans, but does not mandate the issuance of such regulations. The phrase “as may be determined by the bank in accordance with regulations of the Farm Credit Administration” implies authorization rather than a direct mandate.

The statute authorizes the Farm Credit Administration (FCA) to issue regulations governing the terms and conditions for loans, commitments, and technical/financial assistance made by banks for cooperatives. Although broad, the statute delineates a specific regulatory task and desired outcome of those regulations, the conditions for the loans.

12 U.S.C. § 2128 is explicitly listed in the authority section of 12 CFR Part 618. This indicates a direct mandate because the regulation is being issued to implement the statutory provision.

The statute specifies the tasks for the agency: to create regulations governing the terms and conditions of loans, commitments, and financial assistance, including those related to currency exchange, collateral custody, and participation with other banks. While the statute grants authority to determine “feasible” terms and conditions, it is still instructing the agency on a specific regulatory task related to the banks’ authorized lending activities.

12 U.S.C. § 2128 explicitly authorizes the Farm Credit Administration (FCA) to issue regulations concerning loans, commitments, and financial assistance by banks for cooperatives. The statute directly mentions “under regulations of the Farm Credit Administration” in multiple subsections, making the regulation directly mandated.

While the authority is open-ended (“as may be approved”), it still specifically instructs the Farm Credit Administration on a particular regulatory task: setting the percentage of dividends on stock or membership capital. The statute identifies the exact regulatory gap and instructs the agency to fill it.

The statute, 12 U.S.C. § 2129, subsection (a)(2), explicitly states that associations must conform to the requirement of not paying dividends on stock or membership capital in excess of such per centum per annum as may be approved under regulations of the Farm Credit Administration. This phrase directly mandates the FCA to create regulations regarding dividend percentages.

While the authority to set dividend limits is broad, it falls under the umbrella of Specific Authority Delegation because it instructs the agency on a specific regulatory task (setting dividend limits) within the larger framework of cooperative eligibility for loans. The statute identifies a specific area (dividend payments) that the agency should regulate through implementing regulations.

12 U.S.C. § 2129(a)(2) states that cooperative associations must not “pay dividends on stock or membership capital in excess of such per centum per annum as may be approved under regulations of the Farm Credit Administration”. This authorizes the Farm Credit Administration to issue regulations setting dividend limits for these associations, but it doesn’t mandate that they do so. Therefore, the relationship is authorized but not mandated.

Although the statute uses the phrase “as may be approved under regulations,” this falls under the Specific Authority category. The statute is specifically instructing the Farm Credit Administration on a specific regulatory task: approving the per centum per annum for dividends. The use of “approved” doesn’t negate the specific directive of the task.

12 U.S. Code § 2129(a)(2) explicitly states that cooperative associations must conform to requirements including not paying dividends on stock or membership capital in excess of such per centum per annum as may be approved under regulations of the Farm Credit Administration. This directly mandates a regulatory role for the Farm Credit Administration to establish regulations for approving dividend percentages.

The statute clearly instructs the FCA to issue regulations regarding specific aspects of the Farm Credit System, such as the terms and conditions of loans and the policies governing financial assistance. While the phrasing “under such terms and conditions as may be determined to be feasible” appears open-ended, it falls under the umbrella of a specific regulatory task, which qualifies as a specific authority delegation under Hickman’s framework.

12 U.S.C. § 2128(a), (b), and (c) explicitly authorize the Farm Credit Administration (FCA) to issue regulations concerning the terms, conditions, and policies governing loans, commitments, and financial assistance provided by banks for cooperatives. Therefore, the relationship between the statute and regulation is directly mandated.

The statute specifically outlines the types of loans, commitments, and assistance that the banks for cooperatives are authorized to make and extend, including the conditions under which they can be made. The statute directs the Farm Credit Administration to issue regulations governing these specific activities, using the “under such terms and conditions as may be determined to be feasible” language, which falls under the umbrella of “appropriate,” “reasonable,” or “necessary.”

12 U.S.C. § 2128 explicitly authorizes the banks for cooperatives to make loans and commitments under such terms and conditions as may be determined feasible by the board of directors of each bank for cooperatives under regulations of the Farm Credit Administration. This indicates a direct mandate for regulations.

The statute identifies specific regulatory tasks, such as establishing terms and conditions for loans, even using open-ended terms like “feasible,” which Hickman considers characteristic of specific authority delegations.

The statute explicitly authorizes the banks for cooperatives to make loans and commitments under such terms and conditions as may be determined to be feasible by the board of directors of each bank for cooperatives under regulations of the Farm Credit Administration. This indicates a direct mandate to regulate the lending activities.

The statute identifies specific tasks, such as making loans and extending financial assistance to cooperatives. While using open-ended terms, it directs the agency to regulate the “terms and conditions” under which these activities occur.

The statute explicitly states “under such terms and conditions as may be determined to be feasible by the board of directors of each bank for cooperatives under regulations of the Farm Credit Administration,” indicating a direct mandate for regulation.

The statute, 12 U.S.C. § 2128, specifically authorizes banks for cooperatives to make loans, commitments, and extend financial assistance, outlining specific conditions and limitations, directing the Farm Credit Administration to formulate regulations governing these activities. The statute provides enough structure to regulate.

12 U.S.C. § 2128 is explicitly listed in the authority section of 12 CFR Part 616, indicating a direct mandate for the regulations outlined in Part 616.

The statute specifically directs the agency (Farm Credit Administration) to oversee aspects of the board of directors, including qualifications, election manner, and terms. This goes beyond broad authority and identifies specific regulatory tasks related to the governance of these banks.

12 U.S. Code § 2123 explicitly discusses the board of directors for banks for cooperatives, stating requirements such as the election process and qualifications. 12 CFR Part 611, Subpart B and C, directly addresses “Bank and Association Board of Directors” and “Election of Directors and Other Voting Procedures,” respectively, indicating a direct mandate to create regulations around the composition and election of these boards.

The statute clearly instructs the agency (Farm Credit Administration) on the regulatory task of overseeing the election and composition of the boards of directors for banks for cooperatives.

12 U.S.C. § 2123 is listed as authority for 12 CFR Part 619.

The statute directly instructs the Farm Credit Administration to create regulations concerning the permissible transfer, pledging, or hypothecation of voting stock in banks for cooperatives. This fits the “Clearly instructs an agency on a specific regulatory task” definition of a Specific Authority Delegation.

12 U.S.C. § 2124(c) explicitly states that voting stock shall not be transferred, pledged, or hypothecated except as consented to by the issuing bank under regulations of the Farm Credit Administration. This is a direct mandate for the FCA to regulate this specific aspect of stock transfer. Furthermore, 12 CFR Part 611’s authority note includes 12 U.S.C. § 2124.

While the statute addresses a broad topic, the specific regulatory task assigned to the Farm Credit Administration is defined: setting regulations regarding the consent needed for the transfer, pledge, or hypothecation of voting stock, and regulations pertaining to voting rights. This fits Hickman’s Specific Authority Delegation.

Subsection (c) of the statute, 12 U.S. Code § 2124 explicitly states: “…except as consented to by the issuing bank under regulations of the Farm Credit Administration.” Additionally, subsection (d) indicates regulations issued by the Farm Credit Administration. These are direct mandates, compelling the agency to create regulations to address the specific issues outlined in the statute.

While 12 U.S.C. § 2124 sets the overall framework for stock of banks for cooperatives, subsections (c) and (d) grant the Farm Credit Administration the authority to create regulations pertaining to the transfer/pledging/hypothecation of stock and voting eligibility, respectively. This identifies specific areas where regulations are expected, and gives some direction for the agencies actions. This is more specific than a broad grant of authority.

12 U.S.C. § 2124 concerns the stock of banks for cooperatives. Subsection (c) references regulations of the Farm Credit Administration concerning the transfer, pledging, or hypothecation of voting stock. Subsection (d) mentions regulations concerning voting eligibility. While the statute establishes the framework for stock ownership and voting rights, it authorizes the Farm Credit Administration to issue regulations to further define and implement these aspects, but does not mandate specific regulatory actions. The regulation (12 CFR Part 616) pertains to leasing, and 12 U.S.C. 2124 is explicitly mentioned in its Authority section. While 12 USC 2124 doesn’t directly address leasing, Part 616 generally falls under the Farm Credit Administration’s responsibilities related to banks for cooperatives. Therefore, the link is authorized but not mandated.

While the statute provides a list of specific powers for the banks for cooperatives, the grant of authority to the Farm Credit Administration to regulate these banks is general. The statute doesn’t specifically instruct the FCA to create nondiscrimination regulations. The FCA uses its general authority to ensure banks for cooperatives operate in a non-discriminatory manner. The inclusion of specific authority in the authority section does not change that.

The statute, 12 U.S.C. § 2122, grants powers to banks for cooperatives “subject to regulation by the Farm Credit Administration.” This authorizes the FCA to issue regulations governing the activities of these banks but does not explicitly mandate specific regulations. The regulation in question, 12 CFR Part 626, falls under the broad authorization to regulate.

While 12 U.S.C. § 2122 grants specific powers to the banks for cooperatives, the overarching delegation to the Farm Credit Administration is phrased as “subject to regulation,” which provides a broad grant of authority to oversee the activities of these banks. While specific rules and regulations may stem from certain powers granted in the statute, the broad regulatory mandate qualifies it as a general authority delegation, aligning with Hickman’s framework.

The statute explicitly states that each bank for cooperatives shall be subject to regulation by the Farm Credit Administration, directly mandating a statute-regulation relationship.

The statute grants the Farm Credit Administration general authority to regulate the banks for cooperatives, establishing their corporate powers and structure. While specific powers are enumerated, the broad mandate to “regulate” the banks’ corporate existence and general powers falls under a general delegation of authority, especially considering the open-ended nature of the powers outlined.

12 U.S.C. § 2122 is explicitly cited in the authority section of 31 CFR Part 202, directly mandating some form of regulation related to depositaries and financial agents of the Federal Government by the Department of Treasury.

12 U.S.C. § 2122 provides broad rulemaking authority through the phrase “subject to regulation by the Farm Credit Administration” without identifying specific regulatory tasks. Even though the statute lists several specific powers the Farm Credit Administration can employ, it does not clearly instruct or limit the agency on a specific regulatory task.

The statute authorizes the Farm Credit Administration to regulate banks for cooperatives, but does not directly mandate any specific regulation related to tax payments or the Treasury Tax and Loan (TT&L) program. 31 CFR Part 203 is thus an authorized implementation of the general regulatory authority.