12 U.S.C. § 222
NOTICE OF INTENT.
“An owner of eligible low income housing seeking to initiate prepayment or other changes in the status or terms of the mortgage or regulatory agreement (including a request to terminate the insurance contract pursuant to section 229 of the National Housing Act [12 U.S.C. 1715t]) shall file with the Secretary a notice of the intent of the owner in such form and manner as the Secretary shall prescribe. The owner shall simultaneously file the notice of intent with any appropriate State or local government agency for the jurisdiction within which the housing is located.
Notes of Decisions
Cited in 23
cases (2 in the last 5 years), 1933–2025 · leading case: McKinley v. Board of Governors of the Federal Reserve System
McKinley v. Board of Governors of the Federal Reserve System (2011)
“12 U.S.C. § 222 . The Reserve Banks, then, “are private corporations whose stock is owned by the member commercial banks within their districts.”
United States v. Philadelphia National Bank (1963)
“§ 321 , as well as virtually all the national banks, 12 U. S. C. § 222 , are members of the Federal Reserve System (FRS), and more than 95% of all banks, see 12 U.”
Lee Construction Co. v. Federal Reserve Bank of Richmond (1982)
“2, 1976); 12 U.S.C. § 222 . See 12 U.S.C. §§ 248 (j) & 341.”
First Agricultural National Bank of Berkshire County v. State Tax Commission (1968)
“But, in my view, that does not make them sufficiently quasi-public to enjoy the tax-immune status of federal instrumentalities.”
Bloomberg L.P. v. Board of Governors of the Federal Reserve System (2009)
“See 12 U.S.C. §§ 222 , 282, 321, 341. Each FRB has a nine member board of directors, six of whom are elected by shareholder banks within the FRB’s district and three appointed by the Board.”
Vullo v. Office of the Comptroller of the Currency (2019)
“See 12 U.S.C. § 222 . But a national bank must be "engaged in the business of receiving deposits" to obtain insurance under the FDIA.”
Starr International Co., Inc. v. Federal Reserve Bank of New York (2014)
“12 U.S.C. §§ 222 , 321. But federal reserve banks “are not operated for the profit of shareholders”; rather, they “were created and are operated in furtherance of the national fiscal policy.”
First Agricultural National Bank of Berkshire County v. State Tax Commission (1967)
“12 U.S.C. § 222 (1964). The sole modern distinction of importance between the two lies in the fact that one is subject to Federal supervision, 12 U.”
Kennedy C. Scott v. Federal Reserve Bank of Kansas City (2005)
“12 U.S.C. §§ 222 , 321. Fourth, persons other than the government have a proprietary interest in the Federal Reserve Banks.”
Berini v. Federal Reserve Bank of St. Louis (2005)
“" 12 U.S.C. § 222 . By statute, members receive only a six percent dividend annually on their stock.”
Commonwealth v. Saville (1968)
“161 ), which may be issued to each of the twelve Federal Reserve banks (see 12 U. S. C. § 222 , App. A (1964), and 26 Fed.”
Total Aviation Services, Inc. v. United Jersey Bank (1986)
“As one of the nation’s twelve Federal Reserve Banks, the FRB-KC was created pursuant to the Federal Reserve Act, as amended, 12 U.S.C. § 222 , and has a number of func *1089 tions related to the nation’s banking system.”
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