FEDERAL · 12 U.S.C. · Chapter 11
Eligibility to secure advances
12 U.S.C. § 1429
Title12 — Banks and Banking
Chapter11 — FEDERAL HOME LOAN BANKS
This text of 12 U.S.C. § 1429 (Eligibility to secure advances) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
12 U.S.C. § 1429.
Text
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.
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Related
Fidelity Financial Corporation v. Federal Home Loan Bank of San Francisco, Milton Feinerman, President of the Federal Home Loan Bank of S.F.
792 F.2d 1432 (Ninth Circuit, 1986)
Fahey v. O'Melveny & Myers Federal Home Loan Bank of San Francisco v. O'Melveny & Myers
200 F.2d 420 (Ninth Circuit, 1952)
Laurens Federal Savings & Loan Ass'n v. South Carolina Tax Commission
365 U.S. 517 (Supreme Court, 1961)
Fidelity Financial Corp. v. Federal Home Loan Bank
589 F. Supp. 885 (N.D. California, 1983)
Antonio Fernando Melara v. Elaine Duke
(C.D. California, 2021)
Source Credit
History
(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
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.
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.
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Bluebook (online)
12 U.S.C. § 1429, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/1429.