Special advances to savings associations.

CFR · 2024-01-01 · US · Title 12

(a) (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) (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)); 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.

official document · source cfr-2024 · id 12:§ 1266.13