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12 U.S.C. § 1442a — Repealed. Pub. L. 106–102, title VI, § 606(c), Nov. 12, 1999, 113 Stat. 1454
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, act July 22, 1932, ch. 522, § 22A, as added Aug. 10, 1987, Pub. L. 100–86, title IV, § 407(d), 101 Stat. 617, related to informal review of certain supervisory decisions.
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Source file: Laws/federal/codes/united-states-code/title-12/section-1442a-repealed-pub-l-106102-title-vi-606-c-nov-12-1999-113-stat-1454--5677ba6536.md
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Source location: Title 12, Chapter 11, § 1442a; chapter-011-federal-home-loan-banks.md
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### Statutory Notes
Section, act July 22, 1932, ch. 522, § 22A, as added Aug. 10, 1987, Pub. L. 100–86, title IV, § 407(d), 101 Stat. 617, related to informal review of certain supervisory decisions.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, acts July 22, 1932, ch. 522, § 17, 47 Stat. 736; 1947 Reorg. Plan No. 3, eff. July 27, 1947, 12 F.R. 4981, 61 Stat. 954; Aug. 11, 1955, ch. 783, title I, § 109(a)(3), 69 Stat. 640; June 29, 1977, Pub. L. 95–56, 91 Stat. 252; Aug. 4, 1977, Pub. L. 95–90, §§ 1, 2, 91 Stat. 564; Oct. 15, 1982, Pub. L. 97–320, title I, § 127, 96 Stat. 1486; Jan. 12, 1983, Pub. L. 97–457, § 8, 96 Stat. 2507; Nov. 30, 1983, Pub. L. 98–181, title I [title VII, § 702(b)], 97 Stat. 1267, set forth powers and duties, etc., of Federal Home Loan Bank Board.
#### Transfer of Functions, Personnel, and Property of Federal Savings and Loan Insurance Corporation and Federal Home Loan Bank Board
Pub. L. 101–73, title IV, §§ 401–406, Aug. 9, 1989, 103 Stat. 354–363, as amended by Pub. L. 102–233, title III, § 313, Dec. 12, 1991, 105 Stat. 1770; Pub. L. 111–203, title III, § 367(5), July 21, 2010, 124 Stat. 1556, provided that: “SEC. 401. FSLIC AND FEDERAL HOME LOAN BANK BOARD ABOLISHED.“(a) In general.—“(1) FSLIC.—Effective on the date of the enactment of this Act [Aug. 9, 1989], the Federal Savings and Loan Insurance Corporation established under section 402 of the National Housing Act [former [12 U.S.C. 1725](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1725&num=0&edition=prelim)] is abolished. “(2) FHLBB.—Effective at the end of the 60-day period beginning on the date of the enactment of this Act, the Federal Home Loan Bank Board and the position of Chairman of the Federal Home Loan Bank Board are abolished. “(b) Disposition of Affairs.—“(1) In general.—During the 60-day period beginning on the date of the enactment of this Act [Aug. 9, 1989], the Chairman of the Federal Home Loan Bank Board—“(A) shall, solely for the purpose of winding up t
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Establishment** Notwithstanding any other provision of law, the Director shall charter a corporation to be known as the Financing Corporation.
**(b) Management of Financing Corporation**
(1) **Directorate** — The Financing Corporation shall be under the management of a directorate composed of 3 members as follows:
(A) The Director of the Office of Finance of the Federal Home Loan Banks (or the head of any successor to such office).
(B) 2 members selected by the Director from among the presidents of the Federal Home Loan Banks.
(2) **Terms** — Each member appointed under paragraph (1)(B) shall be appointed for a term of 1 year.
(3) **Vacancy** — If any member leaves the office in which such member was serving when appointed to the Directorate—
(A) such member’s service on the Directorate shall terminate on the date such member leaves such office; and
(B) the successor to the office of such member shall serve the remainder of such member’s term.
(4) **Equal representation of banks** — No president of a Federal Home Loan Bank may be appointed to serve an additional term on the Directorate until such time as the presidents of each of the other Federal Home Loan Banks have served as many terms on the Directorate as the president of such bank (before the appointment of such president to such additional term).
(5) **Chairperson** — The Director shall select the chairperson of the Directorate from among the 3 members of the Directorate.
(6) **Staff**
(A) *No paid employees* — The Financing Corporation shall have no paid employees.
(B) *Powers* — The Directorate may, with the approval of the Director, authorize the officers, employees, or agents of the Federal Home Loan Banks to act for and on behalf of the Financing Corporation in such manner as m
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Federal law — U.S. Code and appendices · legal_authorities
Page 336
TITLE 12—BANKS AND BANKING
§ 1442a
1 See 2008 Amendment note below.
may prescribe, to make available to the board in con-
fidence for its use and the use of any Federal Home
Loan Bank such reports, records, or other information
as may be available, relating to the condition of insti-
tutions with respect to which any such Federal Home
Loan Bank has had or contemplates having trans-
actions under this chapter or relating to persons whose
obligations are offered to or held by any Federal Home
Loan Bank, and to make through their examiners or
other employees, for the confidential use of the board
or any Federal Home Loan Bank, examinations of such
institutions.
‘‘(b) Every institution which shall apply for advances
under this chapter shall, as a condition precedent
thereto, consent to such examination as the bank or
the board may require for the purposes of this chapter
and/or that reports of examinations by constituted au-
thorities may be furnished by such authorities to the
bank or the board upon request therefor.’’
§ 1442a. Repealed. Pub. L. 106–102, title VI,
§ 606(c), Nov. 12, 1999, 113 Stat. 1454
Section, act July 22, 1932, ch. 522, § 22A, as added Aug.
10, 1987, Pub. L. 100–86, title IV, § 407(d), 101 Stat. 617, re-
lated to informal review of certain supervisory deci-
sions.
§ 1443. Forms of bank stock and obligations
Any stock, debentures, bonds, notes, or other
obligations issued under the authority of this
chapter may be issued in uncertificated form,
utilizing a book entry method, or in certificated
form under such rules, regulations, or guidelines
as the Director 1 may provide.
(July 22, 1932, ch. 522, § 23, 47 Stat. 739; Pub. L.
101–73, title VII, § 717, Aug. 9, 1989, 103 Stat. 422;
Pub. L. 110–289, div. A, title II, § 12
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