2012 US Code
Title 12 - Banks and Banking
Chapter 11 - FEDERAL HOME LOAN BANKS (§§ 1421 - 1449)
Section 1429 - Eligibility to secure advances
| Publication Title | United States Code, 2012 Edition, 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 11 - FEDERAL HOME LOAN BANKS Sec. 1429 - Eligibility to secure advances |
| Contains | section 1429 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | 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. |
| Statutes at Large References | 47 Stat. 731 103 Stat. 412 113 Stat. 1455 |
| Public Law References | Public Law 101-73, Public Law 106-102 |
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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.)
Amendments1999—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.
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