Terms and conditions for advances.

CFR · 2024-01-01 · US · Title 12

(a) (b) (i) The marginal cost to the Bank of raising matching term and maturity funds in the marketplace, including embedded options; and (ii) The administrative and operating costs associated with making such advances to members. (2) (A) The credit and other risks to the Bank of lending to any particular member; or (B) Other reasonable criteria that may be applied equally to all members. (ii) Each Bank shall include in its member products policy required by § 917.4 of this title, standards and criteria for such differential pricing and shall apply such standards and criteria consistently and without discrimination to all members applying for advances. (3) (i) A Bank's CICA programs; and (ii) Any other advances programs that are volume limited and specifically approved by the Bank's board of directors. (c) (2) A Bank president authorized to set interest rates on advances pursuant to this paragraph (c) may delegate any part of such authority to any officer or employee of the Bank. (d) (2) (3)

official document · source cfr-2024 · id 12:§ 1266.5