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Federal regulations · Through 2026-08-25 · Newer source version available

12 CFR 1266.14: Advances to the Savings Association Insurance Fund.

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Where this section sits in the code
  1. Title 12—Banks and Banking
  2. CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY
  3. SUBCHAPTER D—FEDERAL HOME LOAN BANKS
  4. PART 1266—ADVANCES
  5. Subpart A—Advances to Members

(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.

Collected 2026-08-27T02:24:16Z. Source file · JSON

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