22 USC 290o-5 – Jurisdiction and venue of civil actions by or against Bank
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(a) Jurisdiction
The United States district courts shall have original and exclusive jurisdiction of any civil action brought in the United States by or against the Bank.
(b) Venue
Terms Used In 22 USC 290o-5
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
For purposes of section 1391(b) of title 28, the Bank shall be deemed to be a resident of the judicial district in which the principal office of the Bank in the United States, or its agent appointed for the purpose of accepting service or notice of service, is located.