§ 1429. Eligibility to secure advances

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1932

   Federal Home Loan Bank Act

   Pub. L. 72–522 § 9 · 47 Stat. 725

   Enacted · 12 U.S.C. § 1429

   July 22, 1932, ch. 522, § 9, 47 Stat. 731

   Source evidence

   Code source credit
   July 22, 1932, ch. 522, § 9, 47 Stat. 731

   Enacted provision · exact public law section
   Sec. 9. eligibility to secure advances Any member or nonmember borrower of a Federal Home Form of application, etc. 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 with the approval of the board. Such Federal Discretionary action. Home Loan Bank may at its discretion deny any such application, or, subject to the approval of the board, may grant it on such conditions as the Federal Home Loan Bank may prescribe.

2. 1989

   Financial Institutions Reform, Recovery, and Enforcement Act of 1989

   Pub. L. 101–73 § 710(a) · 103 Stat. 183

   Struck · 12 U.S.C. § 1429

   Pub. L. 101–73, § 710(a), struck out “or nonmember borrower” after “Any member”

   Source evidence

   Code amendment note
   Pub. L. 101–73, § 710(a), struck out “or nonmember borrower” after “Any member”.

   Enacted provision · exact public law section
   (a) In General.— Section 9 of the Federal Home Loan Bank Act (12 U.S.C. 1429) is amended by striking “or nonmember borrower” in the first sentence.

3. 1989

   Financial Institutions Reform, Recovery, and Enforcement Act of 1989

   Pub. L. 101–73 § 701(b)(1) · 103 Stat. 183

   Substituted · 12 U.S.C. § 1429

   Pub. L. 101–73, § 701(b)(1), (3)(A), substituted “Board” for “board” wherever appearing

   Target inherited from the preceding amendment note.

   Source evidence

   Code amendment note
   Pub. L. 101–73, § 701(b)(1), (3)(A), substituted “Board” for “board” wherever appearing.

   Enacted provision · exact public law section
   (1) In general— Except as otherwise specifically provided in 12 USC 1421 et seq. this title, the Federal Home Loan Bank Act is amended by striking “board” (other than in section 7) and “Federal Home Loan Bank Board” each place such terms appear and inserting “Board”.

4. 1999

   Pub. L. 106–102 title VI § 606(f)(1) · 113 Stat. 1338

   1. Struck · 12 U.S.C. § 1429

      Pub. L. 106–102 struck out “with the approval of the Board” after “Federal Home Loan Bank” in second sentence

   2. Struck · 12 U.S.C. § 1429

      Pub. L. 106–102 struck out “, subject to the approval of the Board,” after “deny any such application, or” in third sentence

   Source evidence

   Code amendment note
   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.

   Enacted provision · exact public law section
   (1) Section 9.— Section 9 of the Federal Home Loan Bank Act (12 U.S.C. 1429) is amended— (A) in the second sentence, by striking “with the approval of the Board”; and (B) in the third sentence, by striking “, subject to the approval of the Board,”.

5 of 5 references resolved to an enrolled provision