§1266.14. Advances to the Savings Association Insurance Fund.
12 C.F.R. § 1266.14
Authority. Upon receipt of a written request from the FDIC, a Bank may make advances to the FDIC for the use of the Savings Association Insurance Fund. The Bank shall provide a copy of such request to the FHFA.
Requirements. Advances to the FDIC for the use of the Savings Association Insurance Fund shall:
Bear a rate of interest not less than the Bank's marginal cost of funds, taking into account the maturities involved and reasonable administrative costs;
Have a maturity acceptable to the Bank;
Be subject to any prepayment, commitment, or other appropriate fees of the Bank; and
Be adequately secured by collateral acceptable to the Bank.
Notes, amendments, and revision history
Amendments
[58 FR 29469, May 20, 1993, as amended at 65 FR 8262, Feb. 18, 2000. Redesignated at 65 FR 44430, July 18, 2000]
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, as amended at 65 FR 8262, Feb. 18, 2000. Redesignated at 65 FR 44430, July 18, 2000]