
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: 12USC2287]

 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER 24--FEDERAL FINANCING BANK
 
Sec. 2287. Initial capital

    The Secretary of the Treasury is authorized to advance the funds 
necessary to provide initial capital to the Bank. Each such advance 
shall be upon such terms and conditions as to yield a return at a rate 
not less than a rate determined by the Secretary of the Treasury, taking 
into consideration the current average yield on outstanding marketable 
obligations of the United States of comparable maturity. Interest 
payments on such advances may be deferred, at the discretion of the 
Secretary, but any such deferred payments shall themselves bear interest 
at the rate specified in this section. There is authorized to be 
appropriated not to exceed $100,000,000, which shall be available for 
the purposes of this section without fiscal year limitation.

(Pub. L. 93-224, Sec. 8, Dec. 29, 1973, 87 Stat. 939.)
