
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC1429]

 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER 11--FEDERAL HOME LOAN BANKS
 
Sec. 1429. Eligibility to secure advances

    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.

(July 22, 1932, ch. 522, Sec. 9, 47 Stat. 731; Pub. L. 101-73, title 
VII, Secs. 701(b)(1), (3)(A), 710(a), Aug. 9, 1989, 103 Stat. 412, 418; 
Pub. L. 106-102, title VI, Sec. 606(f)(1), Nov. 12, 1999, 113 Stat. 
1455.)


                               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, Sec. 710(a), struck out ``or nonmember 
borrower'' after ``Any member''.
    Pub. L. 101-73, Sec. 701(b)(1), (3)(A), substituted ``Board'' for 
``board'' wherever appearing.
