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Section 3.1 Authority, and order of precedence, of Deputy Governors to act in the absence of the Governor. F. F. Hill, Deputy Governor, is authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Governor of the Farm Credit Administration, in the event that the Governor is unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

Arthur T. Esgate, Deputy Governor, is authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Governor of the Farm Credit Administration, in the event that the Governor and Deputy Governor Hill are both unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

Charles A. Stewart, Deputy Governor, is authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Governor of the Farm Credit Administration, in the event that the Governor, Deputy Governor Hill, and Deputy Gover

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nor Esgate are unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCĂ Order 198, Sept. 1, 1937]

3.5 Functions, powers, authority, and duties of Land Bank Commissioner. The Land Bank Commissioner shall, subject to the jurisdiction and control of the Farm Credit Administration, execute and perform all functions, powers, authority, and duties heretofore vested in or conferred upon the Federal Farm Loan Board or the Land Bank Commissioner (previously known as the Farm Loan Commissioner), except functions, powers, authority, and duties pertaining to intermediate credit and to matters incidental thereto and to the administration of the provisions of law relative to Federal intermediate credit banks, and shall, subject to such supervision and control, execute and perform all functions, powers, authority, and duties of the Farm Credit Administration relative to the administration of the provisions of law relating to Federal land banks, national farm loan associations, and joint stock land banks. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m). Sec. 80 (a), 48 Stat. 273; 12 U.S.C. 638 (a)) [FCA Order 223, Apr. 20, 1938]

3.6 Order of precedence of Deputy Land Bank Commissioners. W. J. McAnelly, Deputy Land Bank Commissioner, is authorized and empowered to perform any and all functions, powers, authority, and duties which the Land Bank Commissioner is authorized and empowered to perform in the event said Commissioner is absent or unable to serve for any reason.

P. L. Gaddis, Deputy Land Bank Commissioner, is authorized and empowered to perform any and all functions, powers, authority, and duties which the Land Bank Commissioner is authorized and empowered to perform in the event said Commissioner and Deputy Land Bank Commissioner McAnelly are absent or unable to serve for any reason.

J. R. Isleib, Deputy Land Bank Commissioner, is authorized and empowered to perform any and all functions, powers, authority, and duties which the Land Bank Commissioner is authorized and empowered to perform in the event said Commissioner and Deputy Land Bank Commissioners McAnelly and Gaddis are absent or unable to serve for any reason.

W. E. Rhea, Deputy Land Bank Commissioner, is authorized and empowered to perform any and all functions, powers, authority, and duties which the Land Bank Commissioner is authorized and empowered to perform in the event said Commissioner and Deputy Land Bank Commissioners McAnelly, Gaddis, and Isleib are absent or unable to serve for any reason. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m). Secs. 39, 40, 48 Stat. 50, 51; 12 U.S.C. 637, 636) [FCA Order 195, Aug. 5, 1937]

3.7 Approval of acts of receivers of joint stock land banks by Land Bank Commissioner and Deputy Land Bank Commissioners. Authorization is given to the Land Bank Commissioner to approve, on such terms as the Commissioner shall direct, the acts

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pursuant to section 29 of the Federal Farm Loan Act (39 Stat. 381; 12 U.S.C. 961-967, and Sup.) of any receiver of any joint stock land bank appointed under the provisions of said section 29.

Authorization is given, severally and not jointly, to P. L. Gaddis, W. J. McAnelly, and W. E. Rhea, Deputy Land Bank Commissioners, to approve (on such terms as any one of said Deputy Land Bank Commissioners shall direct) the acts pursuant to section 29 of the Federal Farm Loan Act (39 Stat. 381; 12 U.S.C. 961–967, and Sup.) of any receiver of any joint stock land bank appointed under the provisions of said section 29. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 110, Oct. 5, 1935]

3.8 Approval of acts of receivers of joint stock land banks by Chief of Joint Stock Land Bank Section. R. C. Engberg, Chief, Joint Stock Land Bank Section, is authorized to approve, on such terms as he shall direct, the acts pursuant to section 29 of the Federal Farm Loan Act (39 Stat. 381; 12 U.S.C. 961-967, and Sup.) of any receiver of any joint stock land bank appointed under the provisions of said section 29 in the event that Deputy Commissioner W. E. Rhea is absent or unable, for any reason, to exercise the authority vested in him. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCĂ Order 132, Apr. 28, 1936]

3.9 Authorization to hold title to real estate for a longer period than five years. Authorization is given, severally and not jointly, to W. J. McAnelly, Deputy Land Bank Commissioner, Carl Colvin, Assistant Deputy Land Bank Commissioner, James B. Davis, Chief, Real Estate and Collection Section, and Barney Schneckloth, Assistant Chief, Real Estate and Collection Section, to authorize (on such terms as any one of them shall direct) the Federal land banks and joint stock land banks to hold title and possession of real estate for a period longer than five years pursuant to paragraph Fourth (b) of section 13 of the Federal Farm Loan Act (39 Stat. 372; 12 U.S.C. 781 "Fourth"), as amended. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 153, July 27, 1936]

3.10 Authorization for joint stock land banks to hold title to real estate for a longer period than five years. Authorization is given, severally and not jointly, to W. E. Rhea, Deputy Land Bank Commissioner, and R. C. Engberg, Chief, Joint Stock Land Bank Section, to authorize (on such terms as either of them shall direct) the joint stock land banks to hold title and possession of real estate for a period longer than five years pursuant to paragraph Fourth (b) of section 13 of the Federal Farm Loan Act (39 Stat. 372; 12 U.S.C. 781 "Fourth"), as amended. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 160, Aug. 11, 1936]

3.11 Authority to grant charters and amendments to charters of national farm loan associations. Authorization is given, severally and not jointly, to each Deputy Land Bank Commissioner, to grant, on such terms as any one of them shall direct, charters and amendments to charters of national farm loan associations. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 157, July 28, 1936]

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3.12 Approval of loans by the Federal land banks in excess of $25,000. Authorization is given, severally and not jointly, to P. L. Gaddis, Deputy Land Bank Commissioner, W. J. McAnelly, Deputy Land Bank Commissioner, and John A. Smith, Chief Reviewing Appraiser, to approve loans by the Federal land banks in excess of $25,000, pursuant to paragraph Seventh of section 12 of the Federal Farm Loan Act (39 Stat. 370; 12 U.S.C. 771 "Seventh"). (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 154, July 27, 1936]

3.13 Approval of loans by the Federal land banks to livestock corporations. Authorization is given, severally and not jointly, to P. L. Gaddis, Deputy Land Bank Commissioner, W. J. McAnelly, Deputy Land Bank Commissioner, and John A. Smith, Chief Reviewing Appraiser, to permit, pursuant to section 12 "Sixth" of the Federal Farm Loan Act, as amended by section 18 of the Farm Credit Act of 1935 (39 Stat. 370, 49 Stat. 319; 12 U.S.C. 771 "Sixth" and Sup.), loans by the Federal land banks to corporations engaged in the raising of livestock where not all the stock of the corporation is owned by individuals themselves personally actually engaged in the raising of livestock on the farm to be mortgaged as security for the loan, but at least 75 per centum in value and number of shares of the stock of the corporation is owned by the individuals personally actually so engaged. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 155, July 27, 1936]

3.14 Approval of Land Bank Commissioner loans to livestock corporations. Authorization is given, severally and not jointly, to P. L. Gaddis, Deputy Land Bank Commissioner, W. J. McAnelly, Deputy Land Bank Commissioner, and John A. Smith, Chief Reviewing Appraiser, to permit, pursuant to section 32 of the Emergency Farm Mortgage Act of 1933, as amended by section 2 (c) of the Farm Credit Act of 1935 (48 Stat. 48, 49 Stat. 313; 12 U.S.C. 1016 (f) and Sup.), loans by the Land Bank Commissioner to corporations engaged in the raising of livestock where not all the stock of the corporation is owned by individuals themselves personally actually_engaged in the raising of livestock on the land to be mortgaged as security for the loan, but at least 75 per centum in value and number of shares of the stock of the corporation is owned by the individuals personally actually so engaged. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 156, July 27, 1936]

3.15 Authority of Deputy Land Bank Commissioners to approve retirement of capital stock of Federal land banks. Authorization is given, severally and not jointly, to each Deputy Land Bank Commissioner to approve, on such terms as any one of them shall direct, the retirement of the capital stock of Federal land banks pursuant to the provisions of section 7 of the Federal Farm Loan Act (39 Stat. 365; 12 U.S.C. 721). (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 193, July 17, 1937]

3.16 Authorization of Deputy Land Bank Commissioners to sign certificates of authority. Authorization is given, severally and not jointly, to each Deputy Land Bank Commissioner to sign certificates authorizing Federal land banks to make loans to applicants

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through national farm loan associations under the provisions of section 25 (b) of the Farm Credit Act of 1937 (50 Stat. 711; 12 U.S.C., Sup., 724), and authorizing and empowering said associations to do all things provided for by, and in accordance with the provisions of, said section 25 (b). (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 207, Jan. 24, 1938]

3.30 Functions, powers, authority, and duties of Intermediate Credit Commissioner. The Intermediate Credit Commissioner shall, subject to jurisdiction and control of the Farm Credit Administration, execute and perform all functions, powers, authority, and duties relative to intermediate credit and to matters incidental thereto, and to the administration of the provisions of law relative to Federal intermediate credit banks, inclusive of the functions, powers, authority, and duties previously vested in or conferred upon the Federal Farm Loan Board and/or the Farm Loan Commissioner under the provisions of law relative thereto. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m). Sec. 80 (b), 48 Stat. 273; 12 U.S.C. 638 (b)) [FCA Order 8, June 16, 1933]

3.31 Authority, and order of precedence, of Deputy Intermediate Credit Commissioners and Assistant Intermediate Credit Commissioner to act as Intermediate Credit Commissioner. John T. Walker, Jr., Deputy Intermediate Credit Commissioner, is hereby authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Intermediate Credit Commissioner, in the event that the Intermediate Credit Commissioner is unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

Arthur C. Sullivan, Deputy Intermediate Credit Commissioner, is hereby authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Intermediate Credit Commissioner, in the event that the Intermediate Credit Commissioner and Deputy Intermediate Credit Commissioner John T. Walker, Jr., are unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

Martin H. Uelsmann, Assistant Intermediate Credit Commissioner, is hereby authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Intermediate Credit Commissioner in the event that the Intermediate Credit Commissioner, Deputy Intermediate Credit Commissioner John T. Walker, Jr., and Deputy Intermediate Credit Commissioner Arthur C. Sullivan are unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 133, Apr. 28, 1936]

3.40 Functions, powers, authority, and duties of Production Credit Commissioner. The Production Credit Commissioner shall, subject to the jurisdiction and control of the Governor of the Farm Credit Administration, execute and perform all functions, powers, authority, and duties relative to production credit and to matters incidental thereto, and to the administration of the provisions of law

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