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United States Code

Chapter 11

Federal Home Loan Banks

1421Short title 1422Definitions 1423Federal Home Loan Bank districts; number and boundaries; establishment of Federal Home Loan Banks; names 1424Eligibility for membership 1426Capital structure of Federal home loan banks 1426aExclusion from certain requirements 1427Directors 1428Examination of State laws, regulations, and procedures; studies of values, etc.1429Eligibility to secure advances 1430Advances to members 1430aOmitted 1430bAdvances to nonmember mortgagee; terms and conditions 1430cHousing goals 1431Powers and duties of banks 1432Incorporation of banks; corporate powers; housing project loans 1433Exemption from taxation; obligations acceptable as credit on debt of home owner 1434Depositaries of public money; financial agents 1435Obligations as lawful investments; liability of United States for debentures, etc., issued by banks 1436Reserves and dividends; emergency suspensions of requirements 1438Omitted 1438aNonadministrative expenses; expenses of studies and investigations 1439aDeposits in special fund; availability for all purposes of Federal Home Loan Bank Board and Federal Home Loan Bank Administration 1440Examinations and audits 1440aSharing of information among Federal Home Loan Banks 1441Financing Corporation 1441a–1Definitions 1441a–2Authorization for State housing finance agencies and nonprofit entities to purchase mortgage-related assets 1441a–3RTC and FDIC properties 1441bResolution Funding Corporation established 1442Member financial information 1443Forms of bank stock and obligations 1444Eligibility to membership in banks 1445Succession of Federal Home Loan Banks 1446Liquidation or reorganization; acquisition of assets by other banks; assumption of liabilities 1448Effect of partial invalidity of chapter 1449Reservation of right to amend or repeal chapter