Issuance of consolidated obligations.

CFR · 2024-01-01 · US · Title 12

(a) (2) Consolidated obligations shall be issued only through the Office of Finance, as agent of the Banks pursuant to this part and part 1273 of this chapter. (3) All consolidated obligations shall be issued in (b) (1) Cash; (2) Obligations of or fully guaranteed by the United States; (3) Secured advances; (4) Mortgages as to which one or more Banks have any guaranty or insurance, or commitment therefor, by the United States or any agency thereof; and (5) Investments described in section 16(a) of the Bank Act (12 U.S.C. 1436(a)).

official document · source cfr-2024 · id 12:§ 1270.4