Section 1 Short title
This Act may be cited as the “Capital Access for Small Community Financial Institutions Act of 2013”.
Capital Access for Small Community Financial Institutions Act of 2013
A BILL
To amend the Federal Home Loan Bank Act to allow non-Federally insured credit unions to become members of a Federal Home Loan Bank.
Sec. 2 Inclusion of non-Federally insured credit unions
Section 4 of the Federal Home Loan Bank Act (12 U.S.C. 1424(a)) is amended—
in subsection (a)—
in paragraph (1), by inserting after “community development financial institution,” the following: “a State credit union (as such term is defined under section 101 of the Federal Credit Union Act (12 U.S.C. 1752)),”;
in paragraph (2)—
in the matter before subparagraph (A), by inserting after “insured depository institution” the following: “or State credit union”;
in subparagraph (A), by inserting after “(other than a community financial institution)” the following: “or State credit union”; and
in subparagraph (B)—
by inserting after “insured depository institution’s” the following: “or State credit union’s”; and
by inserting before the semicolon the following: “or State credit union”; and
in paragraph (3), by inserting after “insured depository institution” the following: “or State credit union”; and
in subsection (b)—
by inserting after “institution” the following: “or State credit union”; and
by inserting after “institution’s” the following: “or State credit union’s”.