FEDERAL · 12 U.S.C. · Chapter 11
Eligibility to secure advances
Current through Pub. L. 119-102
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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12 U.S.C. § 1429 (Eligibility to secure advances) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.