12 USC § 2147 - Patronage pools

---
identifier: "/us/usc/t12/s2147"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 2147 - Patronage pools"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "2147"
section_name: "Patronage pools"
chapter_number: 23
chapter_name: "FARM CREDIT SYSTEM"
subchapter_number: "III"
subchapter_name: "BANKS FOR COOPERATIVES"
part_number: "B"
part_name: "National Banks for Cooperatives"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 92–181, title III, § 3.26, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)"
---


# § 2147. Patronage pools

Under such terms and conditions as may be determined by its board of directors, the consolidated bank may—

**(1)** for a period of at least 3 years following January 6, 1988, establish separate patronage pools consisting of loans to eligible borrowers located in each constituent farm credit district (as such district existed on January 6, 1988); and

**(2)** allocate revenues, expenses, and net savings among such pools on an equitable basis.

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**Source Credit**: (Pub. L. 92–181, title III, § 3.26, as added Pub. L. 100–233, title IV, § 415(2), Jan. 6, 1988, 101 Stat. 1644.)