Federal · Title 12 — Banks and Banking

12 U.S.C. § 3011: Creation and charter; principal office; venue; purposes

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encourage the development of new and existing cooperatives eligible for its assistance by providing specialized credit and technical assistance; maintain broad-based control of the Bank by its voting stockholders; encourage broad-based ownership, control, and active participation by members in eligible cooperatives; assist in improving the quality and availability of goods and services to consumers; and encourage ownership of its equity securities by cooperatives and others as provided in section 3014 of this title , so that the date when all of the Bank’s class A stock owned by the United States has been fully redeemed (the “Final Government Equity Redemption Date”) occurs as early as practicable.

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