PUBLIC LAW 102-552—OCT. 28, 1992 106 STAT. 4117

Intermediate Credit Bank of Jackson (as chartered
on the date of enactment of this subsection) shall merge
with a Farm Credit Bank pursuant to the procedures
prescribed by section 7.12 of the Farm Credit Act of
1971 (12 U.S.C. 2279£).

"(ii) MERGER OF ENTIRE BANK.—Notwithstanding
subparagraph (B), or any other provision of law, the
Farm Credit Administration shall approve a merger
of the Federal Intermediate Credit Bank of Jackson
only if the Bank (as chartered on the date of enactment
of this subsection, except as provided in subparagraph
(BXiiXIIXbb)) merges in its entirety with a Farm Credit
Bank.

"(iii) LIMITED LENDING AUTHORITY.—Notwithstand-
ing any provision of the Farm Credit Act of 1971
(12 U.S.C. 2001 et seq.), the Farm Credit Bank result-
ing from a merger under this subsection shall have
only the lending authorities in the States of Alabama,
Louisiana, and Mississippi that the constituent banks
exercised in such States immediately prior to the
merger, except as may be provided in section 5.17(aX2)
of such Act (12 U.S.C. 2252(aX2)).
a(B) OPERATING AND MERGER AUTHORITY.—

"(i) IN GENERAL.—Except as provided in clause
(ii), the Federal Intermediate Credit Bank of Jackson
may operate subject to such provisions of part A of
title II of the Farm Credit Act of 1971 (as in effect
immediately before the amendment made by section
401 took effect) and such provisions of the Farm Credit
Act of 1971 (12 U.S.C. 2001 et seq.) (as in effect after
the amendment), as the Farm Credit Administration
deems appropriate to carry out the purposes of this
subsection and such Act. This subparagraph shall take Effective date,
effect as if it had become law at the same time as
the amendment made by section 401 and shall remain
in effect until the Bank's merger with a Farm Credit
Bank under this subsection, or July 1, 1994, whichever
is sooner.

"(ii) LIMITATION ON OPERATING AUTHORITY.—

"(I) IN GENERAL.—Notwithstanding clause (i)
and subparagraph (AXii), the authority of the Fed-
eral Intermediate Credit Bank of Jackson to oper-
ate as provided under clause (i) shall expire, and
the Farm Credit Administration shall revoke the
Bank's charter, immediately on the Bank's merger
with a Farm Credit Bank under this subsection,
or July 1,1994, whichever is sooner.

"(II) DISTRICT BOUNDARY MODIFICATION.—Not-
withstanding clause (i), the authority of the Fed-
eral Intermediate Credit Bank of Jackson shall
not include the authority for the Bank to modify,
nor shall the Farm Credit Administration approve
such a modification to, the boundaries of the Fifth
Farm Credit District to reaffiliate any portion of
the District with another Farm Credit Bank,
except—