12 U.S.C. § 1429
Eligibility to secure advances
Any member of a Federal Home Loan Bank shall be entitled to apply in writing for advances. Such application shall be in such form as shall be required by the Federal Home Loan Bank. Such Federal Home Loan Bank may at its discretion deny any such application, or may grant it on such conditions as the Federal Home Loan Bank may prescribe.
Notes of Decisions
Cited in 6
cases, 1952–2009 · leading case: Fid. Fin. Corp. v. Fed. Home Loan Bank of San Francisco, Milton Feinerman, President of the Fed. Home Loan Bank of S.F., 792 F.2d 1432 (9th Cir. 1986).
Fid. Fin. Corp. v. Fed. Home Loan Bank of San Francisco, Milton Feinerman, President of the Fed. Home Loan Bank of S.F., 792 F.2d 1432 (9th Cir. 1986). “” 12 U.S.C. § 1429 (emphasis added). Similarly, section 7(j) simply requires that the Bank’s board of directors exercise its discretion prudently in making advances: Such board of directors shall administer the affairs of the bank fairly and impartially and without…”
Fahey v. O'Melveny & Myers Fed. Home Loan Bank of San Francisco v. O'Melveny & Myers, 200 F.2d 420 (9th Cir. 1952). “Among the privileges which make statutory membership in a Federal Home Loan Bank a valuable asset to Federal Savings and Loan Associations is the right to secure “advances” from its district bank, Titie 12 U.S.C.A. §§ 1429 , 1430, and these associations also share in dividend…”
Laurens Fed. Sav. & Loan Ass'n v. South Carolina Tax Comm'n, 365 U.S. 517 (1961). “13 12 U. S. C. §§ 1429 -1430b. 14 See 48 Stat.”
Fid. Fin. Corp. v. Fed. Home Loan Bank, 589 F. Supp. 885 (N.D. Cal. 1983). “12 U.S.C. § 1429 (or referred to as “§ 9” of the Bank Act).”
Auth. of the Former Inspector Gen. of the Fed. Hous. Fin. Bd. to Act as Inspector Gen. for the Fed. Hous. Fin. Agency (OLC 2009). “See 12 U.S.C.A. §§ 1429 , 1430, 1431 (West 2001 & Supp.”
Auth. of the Former Inspector Gen. for the Fed. Hous. Fin. Bd. to Act as Inspector Gen. for the Fed. Hous. Fin. Agency (OLC 2009). “See 12 U.S.C.A. §§ 1429 , 1430, 1431 (West 2001 & Supp.”
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