12 C.F.R. § 1266.14

Current through November 30, 2024
Section 1266.14 - Advances to the Savings Association Insurance Fund
(a)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.
(b)Requirements. Advances to the FDIC for the use of the Savings Association Insurance Fund shall:
(1) 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;
(2) Have a maturity acceptable to the Bank;
(3) Be subject to any prepayment, commitment, or other appropriate fees of the Bank; and
(4) Be adequately secured by collateral acceptable to the Bank.

12 C.F.R. §1266.14

58 FR 29469, May 20, 1993, as amended at 65 FR 8262 , Feb. 18, 2000. Redesignated at 65 FR 44430 , July 18, 2000