Fees.

CFR · 2024-01-01 · US · Title 12

(a) (b) (2) Prepayment fees are not required for: (i) Advances with original terms to maturity or repricing periods of six months or less; (ii) Advances funded by callable debt; or (iii) Advances which are otherwise appropriately hedged so that the Bank is financially indifferent to their prepayment. (3) The board of directors of each Bank, a designated committee thereof, or officers specifically authorized by the board of directors, may waive a prepayment fee only if such prepayment will not result in an economic loss to the Bank. Any such waiver must subsequently be ratified by the board of directors. (4) A Bank, in determining whether or not to waive a prepayment fee, shall apply consistent standards to all of its members. (c) (d)

official document · source cfr-2024 · id 12:§ 1266.6