12 U.S.C. 1426: Capital structure of Federal home loan banks

2008

• Pub. L. 110–289, §1204(10), substituted "the Director" for "the Finance Board" wherever appearing in subsecs. (a)(1), (3)(B), (4) to (6), (b)(1)(C), (2), (c)(1), (4)(A), (C), (6), (d)(1), (f), and (g). (Housing and Economic Recovery Act of 2008) Law text
• Pub. L. 110–289, §1110(b)(1), added subpar. (A) and struck out former subpar. (A). Prior to amendment, text read as follows: "Each Federal home loan bank shall maintain permanent capital in an amount that is sufficient, as determined in accordance with the regulations of the Fina… (Housing and Economic Recovery Act of 2008) Law text · (a)
• Pub. L. 110–289, §1110(b)(2), substituted "(A)" for "(A)(ii)". (Housing and Economic Recovery Act of 2008) Law text · (a)
• Pub. L. 110–289, §1204(4)(A), (10), substituted "the Director" for "the Finance Board" and "approval by the Director" for "Finance Board approval" in introductory provisions. (Housing and Economic Recovery Act of 2008) Law text · (b)
• Pub. L. 110–289, §1204(4)(B), substituted "regulations of the Director" for "Finance Board regulations". (Housing and Economic Recovery Act of 2008) Law text · (c), (d)

2000

• Pub. L. 106–569 substituted "18 months" for "1 year" in introductory provisions. (American Homeownership and Economic Opportunity Act of 2000) Law text · (a)

1999

• Pub. L. 106–102 amended section generally, substituting present provisions for provisions authorizing banks to issue capital stock and providing for minimum subscriptions, retirement of oversubscriptions, cancellation of oversubscriptions, aggregate unpaid loan principal, reports and information, p… (Gramm-Leach-Bliley Act) Law text

1989

• Pub. L. 101–73, §§701(b)(1), (3)(A), 706(1), redesignated subsec. (b) as (a), substituted "Board" for "board", and struck out former subsec. (a) which related to minimum amount of capital stock and subscription books. · (a)
• Pub. L. 101–73, §§701(b)(1), (3)(A), 706(1), redesignated subsec. (c) as (b) and substituted "Board may" for "Federal Home Loan Bank Board may" in par. (1), and "The Board" for "The Federal Home Loan Bank Board" in par. (5). Former subsec. (b) redesignated (a). · (b)
• Pub. L. 101–73, §706(1), redesignated subsecs. (d) and (h) as (c) and (d), respectively. Former subsec. (c) redesignated (b). · (c), (d)
• Pub. L. 101–73, §710(b)(3), which directed amendment of subsec. (e) by striking out "or deprive any nonmember borrower of the privilege of further advances," after "remove any member from membership," was executed by striking "or deprive any nonmember borrower of the privilege of obtai… · (e)
• Pub. L. 101–73, §710(b)(2), struck out "or nonmember borrower" after "such member" wherever appearing. · (e)
• Pub. L. 101–73, §706(2), substituted "If any member's membership in a Federal Home Loan Bank is terminated, the indebtedness of such member to the Federal Home Loan Bank shall be liquidated in an orderly manner (as determined by the Federal Home Loan Bank), and upon completion of such liquidation, … · (e)
• Pub. L. 101–73, §§701(b)(1), (3)(A), 706(1), redesignated subsec. (i) as (e), substituted "Board" for "board" wherever appearing, and struck out former subsec. (e) which related to loans to institutions not authorized to subscribe to stock. · (e)
• Pub. L. 101–73, §§701(b)(1), (3)(A), 706(1), redesignated subsec. (j) as (f), substituted "Board" for "board", and struck out former subsec. (f) which related to subscription by United States, maximum amounts, and payments. · (f)
• Pub. L. 101–73, §706(1), redesignated subsec. (k) as (g) and struck out former subsec. (g) which related to retirement of stock of United States. · (g)
• Pub. L. 101–73, §715, substituted "10" for "five". · (h)
• Pub. L. 101–73, §706(3), substituted "charter as a Federal savings association (as defined in section 1813 of this title)" for "charter from the Federal Home Loan Bank Board". · (h)
• Pub. L. 101–73, §706(1), redesignated subsec. (m) as (h). Former subsec. (h) redesignated (d). · (h)
• Pub. L. 101–73, §706(1), redesignated former subsecs. (i) to (k) as (e) to (g), respectively. · (i), (j), (k)
• Pub. L. 101–73, §706(1), redesignated former subsec. (m) as (h). · (m)

1983

• Pub. L. 97–457 substituted "banks or in connection with obtaining a charter from the Federal Home Loan Bank Board" for "Banks" after "between". · (m)

1982

• Pub. L. 97–320, §353, struck out cl. (i) limitations which had prohibited members from reducing stock to less than the amount held on Sept. 8, 1961, except for a reduction at any time to not less than 2 percent of its aggregate unpaid loan principal as of the beginning of the calend… · (c)
• Pub. L. 97–320, §355(a), provided for treatment of a liquidation of indebtedness, in the case of a voluntary withdrawal of an institution from membership, as a prepayment of the indebtedness, subject to applicable prepayment penalties. · (i)
• Pub. L. 97–320, §355(b), added subsec. (m). · (m)

1979

• Pub. L. 96–153 substituted "twenty" for "twelve". · (c)

1961

• Pub. L. 87–210, §1, amended subsection generally, and among other changes, authorized the bank to adjust at the end of each calendar year, under Board regulations, the stock held by each member, to retire stock of members in excess of required amounts, prohibited members to reduce stoc… · (c)
• Pub. L. 87–210, §2, repealed subsec. (l) which required members to acquire, hold and maintain their stock holding in an amount equal to at least 2 per centum of the aggregate of the unpaid principal of such member's home mortgage loans, home-purchase contracts, and similar obligations,… · (l)