Law Dictionary Definitions

federal farm credit bank.One of a system of federally chartered institutions created to provide credit to farm-related enterprises. • The banks resulted from a merger of federal land banks and federal intermediate credit banks. They are supervised by the Farm Credit Administration. [Cases: United States 53(7). C.J.S. United States §§ 90, 92–93.][Blacks Law 8th]

Federal Energy Regulatory Commission.An independent five-member commission in the U.S. Department of Energy responsible for licensing hydroelectric-power projects and for setting interstate rates on (1) transporting and selling natural gas for resale, (2) transporting and selling electricity at wholesale, and (3) transporting oil by pipeline. • It was created by the Department of Energy Organization…

federal enclave.See ENCLAVE.[Blacks Law 8th]

Federal Employers’ Liability Act.A workers’-compensation law that provides death and disability benefits for employees of railroads engaged in interstate and foreign commerce. 45 USCA §§ 51–60. — Abbr. FELA. [Cases: Employers’ Liability 1; Workers’ Compensation 97.C.J.S. Employers’ Liability for Injuries to Employees § 2.][Blacks Law 8th]

Federal Employees’ Compensation Act.A workers’-compensation law for federal employees. 5 USCA §§ 8101–8152. — Abbr. FECA. See WORKERS’ COMPENSATION . [Cases: Workers’ Compensation 262, 374. C.J.S. Workmen’s Compensation §§ 170, 172, 230.][Blacks Law 8th]

Federal Emergency Management Agency.A unit in the Department of Homeland Security responsible for coordinating all emergency-preparedness activities of the federal government through its ten regional offices. • FEMA also operates the National Flood Insurance Program and is responsible for fire protection and arson control. It was established as an independent agency by Executive Order 12127…

Federal Election Commission.A six-member independent federal commission that certifies payments to qualifying presidential campaigns in primary and general elections and to national-nominating conventions, audits campaign expenditures, and enforces laws requiring public disclosure of financial activities of presidential campaigns and political parties. • It was established by the Federal Election Campaign Act of 1971. 2 USCA…

Federal Deposit Insurance Corporation.A federal corporation that protects bank and thrift deposits by insuring accounts up to $100,000, examining banks that are not members of the Federal Reserve System, and liquidating failed institutions. • It was established in 1933 and began insuring banks in 1934. — Abbr. FDIC. [Cases: Banks and Banking 501–508. C.J.S. Banks…

Federal Crop Insurance Corporation.A federally chartered corporation that protects farmers against financial losses from crop failure due to adverse weather conditions, insect infestation, plant disease, floods, fires, and earthquakes by encouraging the sale of insurance through licensed agents and brokers and by reinsuring private companies that issue insurance under brand names. • Created by the…

federal crime.A criminal offense under a federal statute. • Most federal crimes are codified in Title 18 of the U.S. Code.[Blacks Law 8th]