§§ 601 to 616. Repealed or Omitted

§§ 601 to 616. Repealed or Omitted

Editorial Notes

Codification

Section 601, acts Jan. 22, 1932, ch. 8, § 1, 47 Stat. 5; June 30, 1947, ch. 166, title I, § 1, 61 Stat. 202; May 25, 1948, ch. 334, § 1, 62 Stat. 261; 1951 Reorg. Plan No. 1, §§ 1, 5, 9, eff. May 1, 1951, 16 F.R. 3690, 65 Stat. 773, 774, created the Reconstruction Finance Corporation, which was abolished by section 6 of Reorg. Plan. No. 1 of 1957, eff. June 30, 1957, 22 F.R. 4633, 71 Stat. 647. Reorg. Plan No. 1 of 1957 is set out preceding section 601 of this title.

Sections 601a, 601b, acts Jan. 20, 1934, ch. 3, § 1, 48 Stat. 318; Jan. 31, 1935, ch. 2, § 1, 49 Stat. 1, which extended the life of the Corporation until Feb. 1, 1935, and Feb. 1, 1937, respectively, were repealed by act of June 30, 1947, ch. 166, title II, § 206(i), (m), 61 Stat. 208.

Section 602, acts Jan. 22, 1932, ch. 8, § 2, formerly § 3, 47 Stat. 5; July 21, 1932, ch. 520, § 205(b), 47 Stat. 714; July 22, 1932, ch. 522, § 6(f), 47 Stat. 728; June 25, 1940, ch. 427, § 2, 54 Stat. 572; renumbered and amended June 30, 1947, ch. 166, title I, § 1, title II, § 206(a), 61 Stat. 202, 208; May 25, 1948, ch. 334, § 2, 62 Stat. 262; Oct. 15, 1949, ch. 695, §§ 4, 5(a), 63 Stat. 880, related to the appointment, qualifications and tenure of directors of the Reconstruction Finance Corporation. It was repealed by Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 648, 654, 655.

Section 603, acts Jan. 22, 1932, ch. 8, § 3, formerly § 4, 47 Stat. 5; July 21, 1932, ch. 520, § 208(a), 47 Stat. 714; Feb. 24, 1938, ch. 32, § 4, 52 Stat. 80; renumbered and amended June 30, 1947, ch. 166, title I, § 1, title II, § 206(a), 61 Stat. 202, 208; May 25, 1948, ch. 334, § 3, 62 Stat. 262; July 30, 1953, ch. 282, title I, § 102(a), 67 Stat. 230; June 29, 1954, ch. 410, § 2(b), 68 Stat. 320, provided for the powers of the Reconstruction Finance Corporation, including appointment and pay of employees. It was repealed by Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 648, 654, 655.

Section 603a, act Jan. 31, 1935, ch. 2, § 1, 49 Stat. 1, related to salaries of officers and employees. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(m), 61 Stat. 208.

Section 603b, act June 30, 1949, ch. 286, title III, § 301, 63 Stat. 375, provided for distribution of administrative expenses to the accounts of the Corporation in accordance with generally recognized accounting practices, which Corporation was abolished by section 6 of Reorg. Plan. No. 1 of 1957, eff. June 30, 1957, 22 F.R. 4633, 71 Stat. 647. Reorg. Plan No. 1 of 1957 is set out preceding section 601 of this title.

Section 603c, acts June 30, 1949, ch. 286, title III, § 301, 63 Stat. 375; June 30, 1949, ch. 288, title I, § 105, 63 Stat. 381, proscribed the use of funds of the Corporation for surplus property or for benefit of other agencies, which Corporation was abolished by section 6 of Reorg. Plan No. 1 of 1957, eff. June 30, 1957, 22 F.R. 4633, 71 Stat. 647. Reorg. Plan No. 1 of 1957 is set out preceding section 601 of this title.

Section 604, acts Jan. 22, 1932, ch. 8, § 4, formerly § 5, 47 Stat. 6; June 19, 1934, ch. 653, § 6(b), 48 Stat. 1109; June 25, 1940, ch. 427, § 6(b), 54 Stat. 574; Aug. 7, 1946, ch. 811, § 1(a), 60 Stat. 901; renumbered and amended June 30, 1947, ch. 166, title I, § 1, 61 Stat. 203; May 25, 1948, ch. 334, § 4, 62 Stat. 263; June 29, 1948, ch. 723, 62 Stat. 1101; July 1, 1948, ch. 784, §§ 3, 4, 62 Stat. 1209; July 19, 1949, ch. 351, § 2, 63 Stat. 446; Oct. 25, 1949, ch. 729, § 4, 63 Stat. 906; April 20, 1950, ch. 94, title V, § 506, 64 Stat. 81; Oct. 24, 1951, ch. 555, § 101, 65 Stat. 616; Reorg. Plan No. 1 of 1951, §§ 1, 5, 9, eff. May 1, 1951, 16 F.R. 3690, 65 Stat. 773, 774; July 30, 1953, ch. 282, title I, § 102(b), 67 Stat. 230, related to loans and advances by the Corporation. It was repealed by Pub. L. 89–554, § 8(a), Sept. 6, 1966, 80 Stat. 648, 654.

Section 604a, act Jan. 20, 1934, ch. 3, § 2, 48 Stat. 319, related to time limitation in disbursement of funds committed by the Corporation. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(i), 61 Stat. 208.

Section 604b, act Jan. 31, 1935, ch. 2, § 2, 49 Stat. 2, related to limitation on disbursement of funds under commitment. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(m), 61 Stat. 208, as amended May 27, 1948, ch. 334, § 6, 62 Stat. 265.

Section 605, acts Jan. 22, 1932, ch. 8, § 5, formerly § 6, 47 Stat. 8; May 20, 1933, ch. 35, § 2, 48 Stat. 73; June 19, 1934, ch. 653, § 2, 48 Stat. 1107; June 25, 1940, ch. 427, § 3(a), 54 Stat. 573; Sept. 18, 1940, ch. 722, title III, § 331(a), (b), 54 Stat. 955; renumbered and amended June 30, 1947, ch. 166, title I, § 1, title II, § 206(a), (e), 61 Stat. 202, 208, authorized and directed the Federal Reserve banks to act as custodians and fiscal agents for the Corporation, which Corporation was abolished by section 6 of Reorg. Plan No. 1 of 1957, eff. June 30, 1957, 22 F.R. 4633, 71 Stat. 647. Reorg. Plan No. 1 of 1957 is set out preceding section 601 of this title.

Section 605a, act July 21, 1932, ch. 520, § 1, 47 Stat. 709, related to loans to States and municipalities for unemployment relief purposes. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(a), 61 Stat. 208.

Section 605b, acts July 21, 1932, ch. 520, § 201, 47 Stat. 711; Mar. 23, 1933, ch. 5, 48 Stat. 20; Ex. Ord. No. 6084, May 27, 1933; May 29, 1933, ch. 42, title I, 48 Stat. 99; June 10, 1933, ch. 55, §§ 5–9, 48 Stat. 120, 121; June 16, 1933, ch. 98, § 80, 48 Stat. 273; June 16, 1933, ch. 100, § 5, 48 Stat. 283, authorized loans to States, municipalities, etc., for self-liquidating projects. Subsecs. (a) to (d) and (f) to (j) were repealed by act June 30, 1947, ch. 166, title II, § 206(a), (e), 61 Stat. 208.

Subsec. (e) related to the creation of regional agricultural credit corporations by the Reconstruction Finance Corporation, which was abolished by section 6 of Reorg. Plan No. 1 of 1957, eff. June 30, 1957, 22 F.R. 4633, 71 Stat. 647. Reorg. Plan No. 1 of 1957 is set out preceding section 601 of this title.

Section 605c, act July 21, 1932, ch. 520, § 206, 47 Stat. 714, authorized loans to borrowers organized under laws of Alaska, District of Columbia, Hawaii and Puerto Rico. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(a), 61 Stat. 208.

Section 605d, act July 21, 1932, ch. 520, § 207, 47 Stat. 715, prohibited loans to financial institutions whose officers or directors are also directors of Reconstruction Finance Corporation. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(a), 61 Stat. 208.

Section 605e, acts June 10, 1933, ch. 55, § 1, 48 Stat. 119; Jan. 31, 1935, ch. 2, § 8, 49 Stat. 4, related to purchase of preferred stock of insurance companies. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(e), 61 Stat. 208.

Sections 605f, 605g, acts June 10, 1933, ch. 55, §§ 2, 3, 48 Stat. 120; June 19, 1934, ch. 653, § 12(a), 48 Stat. 1111, which related to loans or purchases of capital notes of insurance companies, and the financial showing necessary for the purchase of stock or making of loans, were repealed by act of June 30, 1947, ch. 166, title II, § 206(e), 61 Stat. 208.

Section 605h, act June 10, 1933, ch. 55, § 4, 48 Stat. 120, prohibited the making of loans to applicants whose officers or employees were receiving unreasonable compensation. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(e), 61 Stat. 208.

Sections 605i, acts June 10, 1933, ch. 55, § 11, 48 Stat. 121; June 19, 1934, ch. 653, § 12(b), 48 Stat. 1112, defined insurance company and State.

Section 605j, act June 10, 1933, ch. 55, § 14, 48 Stat. 122, reserved right to amend or repeal former sections 605e to 605i of this title and provided for separability of their provisions. It was repealed by act of June 30, 1947, ch. 166, title II, § 206(e), 61 Stat. 208.

Section 605k, acts Apr. 13, 1934, ch. 121, 48 Stat. 589; July 26, 1935, ch. 421, 49 Stat. 505; Apr. 17, 1936, ch. 234, § 1, 49 Stat. 1232, authorized the Reconstruction Finance Corporation to make loans for repair of damage caused by floods and other catastrophes, which Corporation was abolished by section 6 of Reorg. Plan No. 1 of 1957, eff. June 30, 1957, 22 F.R. 4633, 71 Stat. 646. Reorg. Plan No. 1 of 1957 is set out preceding section 601 of this title.