---
kind: "section"
citation: "12 U.S.C. § 2147"
title: "12"
title_heading: "Banks and Banking"
number: "2147"
heading: "Patronage pools"
release: "119-102"
url: "https://uscodex.org/usc/12/2147"
units:
  - "Chapter 23 — Farm Credit System"
  - "Subchapter III — Banks for Cooperatives"
  - "Part B — National Banks for Cooperatives"
---

# §2147. Patronage pools


Under such terms and conditions as may be determined by its [board](/usc/12/221a.md?p=a) of [directors](/usc/12/2279bb.md?p=3), the consolidated [bank](/usc/12/1426a.md?p=g-1) 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](/usc/12/5481.md?p=7) [district](/usc/12/221a.md?p=a) (as such [district](/usc/12/221a.md?p=a) existed on January 6, 1988); and
- (2) allocate revenues, expenses, and net savings among such pools on an equitable basis.

## 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.)