---
kind: "section"
citation: "12 U.S.C. § 1111"
title: "12"
title_heading: "Banks and Banking"
number: "1111"
heading: "Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624"
status: "repealed"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/1111"
units:
  - "Chapter 7 — Farm Credit Administration"
  - "Subchapter III — Federal Intermediate Credit Banks"
---

# [§1111. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971, 85 Stat. 624 — repealed]



## Notes

Section, act July 17, 1916, ch. 245, title II, § 210, as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459, set out a tax exemption for capital and income of intermediate credit banks and provided that their debentures be deemed instrumentalities of the government. See section 2079 of this title.