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FEDERAL
YOLUME 2

REGISTER
1934

NUMBER 57

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Washington, Thursday, March 25, 1937
DEPARTMENT OF THE INTERIOR.

seal of the Department of Agriculture to be affixed in the City of Washington, District of Columbia, this 24th day of March, 1937.

Division o f Grazing.
M ontana G razing D istricts N os . 2

and
3

MODIFICATION

H. A. W allace , Secretary.

seal
F. R. Doc. 37-843; Filed, Marcii 24,1937; 12:52 p. m .
M arch 19, 1937.

Under and pursuant to the provisions of the act of June 28, 1934 48 Stat. 1269, as amended by the act of June 26, 1936 49 Stat. 1976, and subject to the limitations and conditions therein contained, the land listed in that part of the order of April 8, 1935, establishing Montana Grazing District No. 3 which describes:
That part of Dawson County lying south of Yellowstone River is hereby eliminated from Montana Grazing District No. 3
and added to Montana Grazing District No. 2.
C harles W est ,
Acting Secretary of the Interior.
F. R . Doc. 37-828; Filed, March 24,1937; 9 :33 a. m .

DEPARTMENT OF AGRICULTURE.
Agricultural Adjustment Administration.
SRB-101Amendment 7

1937 A gricu ltural C o n servatio n P rogram SOUTHERN REGION BULLETIN 101

Amendment 7
Part VI of Southern Region Bulletin 1011 is hereby amended by adding at the end thereof the following new section:
S e c t io n 67. The Agricultural Adjustment Administration will make available at Sheffield, Alabama, a supply o f triple superphosphate approximately 43 percent superphosphate which, within the limit o f such supply, may, upon request filed with the County Agent on Form SR-123, be obtained for application on the farm in accordance with the provisions of practice number 11. If triple superphosphate is so ob tained a deduction of 50 cents for each 16 pounds of avail able phosphoric acid contained therein shall be made from the soil-building allowance for the farm, and no payment will be made for carrying out practice number 11 with the use of such triple superphosphate.

In testimony whereof, H. A. W allace, Secretary o f Agri culture, has hereunto set his hand and caused the official 12 F. R. 17.

FEDERAL HOME LOAN BANK BOARD.
I ssuan ce
of
C onsolidated F ederal H o m e L oan B a n k D ebentures
AMENDMENT TO RULES AND REGULATIONS

Be it resolved, That .pursuant to the authority vested in the Board by the Federal Home Loan Bank Act 47 Stat.
725, 727, et seq. and 47 Stat. 725, 733, 734 as amended by Section 503 of the National Housing Act 48 Stat. 1246, 1261, and particularly by sections 17 and 26 of the Federal Home Loan Bank Act and section 11 b thereof as amended by section 503 of the National Housing Act, section 32 j of the Rules and Regulations for Federal home loan banks is hereby amended to read as follows:
Sec. 32 J C onsolidated D eben tures. 1 A ct. The board may issue consolidated Federal Home Loan Bank debentures which shall be the Joint and several obligations o f all Federal Home Loan Banks organized and existing under this Act, in order to provide fun ds for any such bank or banks, and such debentures shall be issued u pon such term s and conditions as the board may prescribe. No such debentures shall be Issued at any time if any o f the assets o f any Federal Home Loan Bank are pledged to secure any debts or subject to any lien, and neither the Board nor any Federal Home Loan Bank shall have power to pledge any o f the assets o f any Federal Home Loan Bank, or voluntarily to perm it any lien to attach to the same while any o f such debentures so issued are outstanding. The debentures issued under this section and o u t standing shall at n o tim e exceed five tim es the total pa id -in capital o f aU the Federal Home Loan Banks as o f the tim e of th e issue o f such debentures. I t shall be the duty o f th e board n o t to issue debentures under this section in excess o f the notes or obligations o f m em ber institutions held and secured under section 10 a o f this A ct by all th e Federal Home Loan Banks.
Sec. 11 b The Federal Home Loan Bank A ct as Amended, 2
R egulations Issuance o f D eben tu res. The Board shall determine th e am ount o f all consolidated debentures to be is sued, dates o f issue, maturities, rates of interest, terms and co n
ditions thereof and the manner in w hich the debentures shall be issued. W hen in the opin ion o f th e Board it is desirable to issue consolidated debentures, the Board m ay direct the Governor to subm it, after such com m unication w ith the several banks as may be practicable, recom m endations as to the particulars o f such issue, or may direct the G overnor to convene the Bank Presi dents Council or subm it such question to th e Federal Savings & Loan Advisory Council for the purpose o f m aking such recom
mendations. In any event the G overnor shall in form the several banks o f the final determ ination o f the Board w ith respect to debentures, the issue and disposition thereof. The Board will thereafter authorize th e issuance and disposition o f_ th e deben tures provided fo r and the distribution o f any proceeds thereof among the several banks. Su bject to the provisions o f the Fed eral Home Loan Bank Act, the Board, b y lim itin g the issuance
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