The law › Title 12, Banks and Banking › Chapter 11
12 U.S.C. 1441: Financing Corporation
Created in 1987 by Public Law 100-86. Changed by 6 later laws. No bill we track in this Congress changes it.
3 other sections of the Code cite this one, including 12 U.S.C. 1436, 12 U.S.C. 1441b, 12 U.S.C. 1821a.
1 part of federal rules cite it as their authority, written by Federal Housing Finance Agency (1).
- past change
- enacted this Congress
- proposed
This Congress
No bill we track in the 119th Congress changes this section.
How it got here
2008
- Pub. L. 110–289, §1204(12), substituted "Director" for "Federal Housing Finance Board" wherever appearing in subsecs. (a), (b)(1)(B), (6)(B), (7)(B), (8), (c), (d), (e)(1), (4), (9), (g), (i), and (j). (Housing and Economic Recovery Act of 2008) Law text
- Pub. L. 110–289, §1204(6), substituted "Director" for "Chairperson of the Federal Housing Finance Board". (Housing and Economic Recovery Act of 2008) Law text · (b)
- Pub. L. 110–289, §1204(8), which directed amendment of the Federal Home Loan Bank Act (this chapter) by substituting "the Director" for "the Board" wherever appearing, was not executed to subsec. (f)(2) to reflect the probable intent of Congress. (Housing and Economic Recovery Act of 2008) Law text · (f)
2006
- Pub. L. 109–173, §9(d)(2)(A), struck out before period at end ", except that— (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (f)
- Pub. L. 109–173, §9(d)(2)(B), struck out heading and text of par. (4). Text read as follows: (Federal Deposit Insurance Reform Conforming Amendments Act of 2005) Law text · (k)
1996
- Pub. L. 104–208, §2703(a)(1)(A), in introductory provisions, substituted "In addition to the amounts obtained pursuant to paragraph (1)," for "To the extent the amounts available pursuant to paragraph (1) are insufficient to cover the amount of interest payments, issuance costs, and… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (f)
- Pub. L. 104–208, §2703(a)(1)(B), added subpars. (A) and (B) and struck out former subpars. (A) to (C) which read as follows: (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (f)
- Pub. L. 104–208, §2703(a)(2)(A), substituted "section, the following definitions shall apply:" for "section—" in introductory provisions. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (k)
- Pub. L. 104–208, §2703(a)(2)(B), (C), redesignated par. (2) as (1) and struck out heading and text of former par. (1). Text read as follows: "The term 'Savings Association Insurance Fund member' means a savings association which is a Savings Association Insurance Fund member as defi… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (k)
- Pub. L. 104–208, §2703(a)(2)(C), (D), added pars. (3) and (4) and redesignated former pars. (2) and (3) as (1) and (2), respectively. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (k)
1992
- Pub. L. 102–550 made technical amendment to reference to December 12, 1991, to correct reference to corresponding provisions of original act. · (e)
1991
- Pub. L. 102–233, §302(b), substituted "Thrift Depositor Protection Oversight Board" for "Oversight Board" in two places. · (d)
- Pub. L. 102–233, §104, amended par. (2) generally, substituting provisions setting forth termination date of Financing Corporation borrowing authority for provisions relating to investment of proceeds of obligations of such Corporation. · (e)
- Pub. L. 102–233, §302(b), substituted "Thrift Depositor Protection Oversight Board" for "Oversight Board". · (k)
1989
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board". · (a)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Federal Home Loan Bank Board". · (b)
- Pub. L. 101–73, §701(b)(2), substituted "Chairperson" for "Chairman". · (b)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Federal Home Loan Bank Board". · (b)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board" wherever appearing. · (b), (7), (8), (c)
- Pub. L. 101–73, §512(3), inserted "prior to August 9, 1989, and thereafter to transfer the proceeds of any obligation issued by the Financing Corporation to the FSLIC Resolution Fund". · (c)
- Pub. L. 101–73, §512(4), struck out "or section 1725(b) of this title" after "with the provisions of this section". · (c)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board" wherever appearing. · (d)
- Pub. L. 101–73, §512(5), amended generally the portion of par. (4) appearing before the table. Prior to amendment, such portion read as follows: "With respect to the first $1,000,000,000 which the Board may require the Federal Home Loan Banks to invest in capital stock of the Financ… · (d)
- Pub. L. 101–73, §512(6), substituted "the $1,000,000,000 amount referred to in paragraph (4) which the Federal Housing Finance Board" for "$1,000,000,000 which the Board". · (d)
- Pub. L. 101–73, §512(2), substituted "by the Federal Housing Finance Board" for "by the Board". · (d)
- Pub. L. 101–73, §512(1), which directed the amendment of this section by substituting "Savings Association Insurance Fund member" for "insured institution" wherever appearing, was executed by substituting "Savings Association Insurance Fund members" for "insured institutions… · (d), (B)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board" in introductory provisions and in cls. (i) and (ii). · (d)
- Pub. L. 101–73, §512(7), struck out "available for dividends" after "use of net earnings". · (d)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board". · (d), (C)
- Pub. L. 101–73, §512(8), struck out "available for dividends" after "net earnings". · (d)
- Pub. L. 101–73, §512(9), struck out "available for dividends" after "Of the net earnings". · (d)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board". · (d)
- Pub. L. 101–73, §512(10), struck out subpar. (F) which defined "net earnings available for dividends". · (d)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board". · (e)
- Pub. L. 101–73, §512(12)(A), redesignated par. (3) as (2) and struck out former par. (2) which set an annual limit on net new borrowing by the Financing Corporation. · (e)
- Pub. L. 101–73, §512(11), which directed amendment of par. (2)(A), was executed, as the probable intent of Congress, to the introductory text of par. (2), to par. (2)(A), and to par. (2)(B), as follows: striking out "used to" after "issued by the Financing Corporation" in the introductory text, ins… · (e)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board". · (e)
- Pub. L. 101–73, §512(12)(A), redesignated par. (4) as (3). Former par. (3) redesignated (2). · (e)
- Pub. L. 101–73, §512(2), (12)(A), redesignated par. (5) as (4) and substituted "Federal Housing Finance Board" for "Board". Former par. (4) redesignated (3). · (e)
- Pub. L. 101–73, §512(12)(A), redesignated par. (6) as (5). Former par. (5) redesignated (4). · (e)
- Pub. L. 101–73, §512(12), redesignated par. (7) as (6) and substituted "FSLIC Resolution Fund" for "Federal Savings and Loan Insurance Corporation". Former par. (6) redesignated (5). · (e)
- Pub. L. 101–73, §512(12)(A), redesignated pars. (8) and (9) as (7) and (8), respectively. Former par. (7) redesignated (6). · (e), (8)
- Pub. L. 101–73, §§512(2), (12)(A), 701(b)(2), redesignated par. (10) as (9) and substituted "Chairperson" for "Chairman" and "Federal Housing Finance Board" for "Board". Former par. (9) redesignated (8). · (e), (10)
- Pub. L. 101–73, §512(13), amended subsec. (f) generally, substituting provisions enumerating various sources from which Financing Corporation shall obtain funds for anticipated interest payments, issuance costs, and custodial fees on obligations issued from preenactment assessments, ne… · (f)
- Pub. L. 101–73, §512(14), inserted reference to before August 9, 1989, and after August 9, 1989, in capital certificates issued by the FSLIC Resolution Fund. · (g)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board". · (g)
- Pub. L. 101–73, §512(15), inserted at end "For purposes of the foregoing, the Financing Corporation shall be deemed to hold noninterest bearing instruments that it lends temporarily to primary United States Treasury dealers in order to enhance market liquidity and facilitate deliver… · (g)
- Pub. L. 101–73, §713, redesignated subsec. (j) as (i) and struck out former subsec. (i) which related to Federal Savings and Loan Insurance Corporation Industry Advisory Committee. · (i)
- Pub. L. 101–73, §512(16), added subpar. (A) and struck out former subpar. (A) which read as follows: "the date by which all stock purchased by the Financing Corporation in the Federal Savings and Loan Insurance Corporation has been retired; or". · (i)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board" wherever appearing. · (i)
- Pub. L. 101–73, §713, redesignated subsec. (k) as (j). Former subsec. (j) redesignated (i). · (j)
- Pub. L. 101–73, §512(2), substituted "Federal Housing Finance Board" for "Board". · (j)
- Pub. L. 101–73, §713, redesignated subsec. (l) as (k). Former subsec. (k) redesignated (j). · (k)
- Pub. L. 101–73, §512(17)(A), substituted definition of "Savings Association Insurance Fund member" for definition of "insured institution". · (k)
- Pub. L. 101–73, §512(17)(B), redesignated par. (3) as (2) and struck out former par. (2) which defined "insured member". · (k)
- Pub. L. 101–73, §512(10), (17)(B), added par. (4) and redesignated pars. (3) and (4) as (2) and (3), respectively. · (k), (4)
- Pub. L. 101–73, §713, redesignated subsec. (l) as (k). · (l)
Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.