2001 US Code
Title 12 - BANKS AND BANKING
CHAPTER 28 - EMERGENCY MORTGAGE RELIEF
Sec. 2712 - Federal Deposit Insurance Corporation advances to insured banks
View Metadata| Publication Title | United States Code, 2000 Edition, Supplement 1, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 28 - EMERGENCY MORTGAGE RELIEF Sec. 2712 - Federal Deposit Insurance Corporation advances to insured banks |
| Contains | section 2712 |
| Date | 2001 |
| Laws in Effect as of Date | January 22, 2002 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 94-50, title I, §113, July 2, 1975, 89 Stat. 254. |
| Statutes at Large Reference | 89 Stat. 254 |
| Public Law Reference | Public Law 94-50 |
§2712. Federal Deposit Insurance Corporation advances to insured banks
Notwithstanding any other provision of law, the Federal Deposit Insurance Corporation is authorized, upon such terms and conditions as the Corporation may prescribe, to make such advances to any insured bank as the Corporation determines may be necessary or appropriate to facilitate participation by such bank in the program authorized by this chapter. For the purpose of obtaining such funds as it determines are necessary for such advances, the Corporation may borrow from the Treasury as authorized in section 1824 of this title, and the Secretary of the Treasury is authorized and directed to make loans to the Corporation for such purpose in the same manner as loans may be made for insurance purposes under such section, subject to the maximum limitation on outstanding aggregate loans there provided.
(Pub. L. 94–50, title I, §113, July 2, 1975, 89 Stat. 254.)
Section Referred to in Other SectionsThis section is referred to in section 2705 of this title.
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