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12 U.S.C. § 1443 — Forms of bank stock and obligations

Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 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 11 See 2008 Amendment note below. may provide.

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Source location: Title 12, Chapter 11, § 1443; chapter-011-federal-home-loan-banks.md

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1441b — Resolution Funding Corporation established

**(a) Purpose** The purpose of the Resolution Funding Corporation is to provide funds to the Resolution Trust Corporation to enable the Resolution Trust Corporation to carry out the provisions of this chapter. **(b) Establishment** There is established a corporation to be known as the Resolution Funding Corporation. **(c) Management of Funding Corporation** (1) **Directorate** — The Funding 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 office). (B) 2 members selected by the Thrift Depositor Protection Oversight Board from among the presidents of the Federal Home Loan Banks. (2) **Terms** — Of the 2 members appointed under paragraph (1)(B), 1 shall be appointed for an initial term of 2 years and 1 shall be appointed for an initial term of 3 years. Thereafter, such members shall be appointed for a term of 3 years. (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 as the president of such bank. (5) **Chairperson** — The Thrift Depositor Protection Oversight Board shall select the chairperson of the Directorate from among the 3 members of the Directorate. (6) **Staff** (A) *No paid employees

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Federal law — U.S. Code and appendices · legal_authorities

12 U.S.C. § 1443 — Forms of bank stock and obligations

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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