12 U.S.C. · Banks and Banking
12 U.S.C. § 1429

Eligibility to secure advances

Ch. 11 — FEDERAL HOME LOAN BANKS
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 11
Statutory Text

12 U.S.C. § 1429 — Eligibility to secure advances

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 11 - FEDERAL HOME LOAN BANKS Sec. 1429 - Eligibility to secure advances From the U.S. Government Publishing Office, www.gpo.gov

§1429. Eligibility to secure advances

Any member of a Federal Home Loan Bank shall be entitled to apply in writing for advances. Such application shall be in such form as shall be required by the Federal Home Loan Bank. Such Federal Home Loan Bank may at its discretion deny any such application, or may grant it on such conditions as the Federal Home Loan Bank may prescribe.

(July 22, 1932, ch. 522, §9, 47 Stat. 731; Pub. L. 101–73, title VII, §§701(b)(1), (3)(A), 710(a), Aug. 9, 1989, 103 Stat. 412, 418; Pub. L. 106–102, title VI, §606(f)(1), Nov. 12, 1999, 113 Stat. 1455.)

Editorial Notes

Amendments 1999—Pub. L. 106–102 struck out "with the approval of the Board" after "Federal Home Loan Bank" in second sentence and struck out ", subject to the approval of the Board," after "deny any such application, or" in third sentence. 1989—Pub. L. 101–73, §710(a), struck out "or nonmember borrower" after "Any member". Pub. L. 101–73, §701(b)(1), (3)(A), substituted "Board" for "board" wherever appearing.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 12 U.S.C. § 1429 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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