{"data":{"id":"us/12-u.s.c.-1444","jurisdiction":"us","citation":"12 U.S.C. § 1444","heading":"Eligibility to membership in banks","body":"(a) Any organization organized under the laws of any State and subject to inspection and regulation under the banking or similar laws of such State shall be eligible to become a member under this chapter if—(1) it is organized solely for the purpose of supplying credit to its members; (2) its membership (A) is confined exclusively to building and loan associations, savings and loan associations, cooperative banks, and homestead associations; or (B) is confined exclusively to savings banks; and (3) of the institutions to which its membership is confined which are organized within the State, its membership includes a majority of such institutions. (b) In all respects, but subject to such additional rules and regulations as the Director may provide, any such organization shall be a member for the purposes of this chapter.","path":["Title 12—BANKS AND BANKING","CHAPTER 11—FEDERAL HOME LOAN BANKS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc12@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:24Z","sha256":"71fb70ae7227e85e9921c3c1c20db733edb7ac1d1873e1a71c03775d66fb7389","source_id":"us","stale":false,"prev":"us/12-u.s.c.-1443","next":"us/12-u.s.c.-1445"},"notice":"GroundRules: Original legal text. Not legal advice."}