---
kind: "section"
citation: "12 C.F.R. § 1266.13"
title: "12"
number: "1266.13"
heading: "Special advances to savings associations."
url: "https://uscodex.org/cfr/12/1266.13"
---

# §1266.13. Special advances to savings associations.

- (a) **Eligible institutions.**
  - (1) A Bank, upon receipt of a written request from the OCC, with respect to a federal savings association, or from the FDIC, with respect to a state chartered savings association, may make short-term advances to a savings association member pursuant to section 10(h) of the Bank Act ([12 U.S.C. 1430(h)](/usc/12/1430.md?p=h)).
  - (2) Such request must certify that the savings association member:
    - (i) Is solvent but presents a supervisory concern to the OCC or FDIC, as appropriate, because of the member's financial condition; and
    - (ii) **Has reasonable and demonstrable prospects of returning to a satisfactory financial condition.**
- (b) **Terms and conditions.** Advances made by a Bank to a member savings association under this section shall:
  - (1) Be subject to all applicable collateral requirements of the Bank, this part and section 10(a) of the Bank Act ([12 U.S.C. 1430(a)](/usc/12/1430.md?p=a)); and
  - (2) Be at the interest rate applicable to advances of similar type and maturity that are made available to other members that do not pose such a supervisory concern.

## Notes

### Amendments

[58 FR 29469, May 20, 1993. Redesignated at 65 FR 8256, Feb. 18, 2000 and further redesignated at 65 FR 44430, July 18, 2000; 81 FR 76298, Nov. 2, 2016]

### Authority

Authority: 12 U.S.C. 1426, 1429, 1430, 1430b, 1431, 4511(b), 4513, 4526(a).

### Source

Source: 58 FR 29469, May 20, 1993, unless otherwise noted. Redesignated at 65 FR 8256, Feb. 18, 2000, and 75 FR 76622, Dec. 9, 2010.

### Amendments

[58 FR 29469, May 20, 1993. Redesignated at 65 FR 8256, Feb. 18, 2000 and further redesignated at 65 FR 44430, July 18, 2000; 81 FR 76298, Nov. 2, 2016]