![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 12 - Banks and Banking |
![]() |
Chapter XII - Federal Housing Finance Agency |
![]() |
SubChapter D - Federal Home Loan Banks |
![]() |
Part 1266 - Advances |
![]() |
Subpart A - Advances to Members |
§ 1266.14 - Advances to the Savings Association Insurance Fund.
-
§ 1266.14 Advances to the Savings Association Insurance Fund.
(a) Authority. Upon receipt of a written request from the FDIC, a Bank may make advances to the FDIC for the use of the Savings Association Insurance Fund. The Bank shall provide a copy of such request to the FHFA.
(b) Requirements. Advances to the FDIC for the use of the Savings Association Insurance Fund shall:
(1) Bear a rate of interest not less than the Bank's marginal cost of funds, taking into account the maturities involved and reasonable administrative costs;
(2) Have a maturity acceptable to the Bank;
(3) Be subject to any prepayment, commitment, or other appropriate fees of the Bank; and
(4) Be adequately secured by collateral acceptable to the Bank.
[58 FR 29469, May 20, 1993, as amended at 65 FR 8262, Feb. 18, 2000. Redesignated at 65 FR 44430, July 18, 2000]