12 C.F.R. § 950.14 Advances to the Savings Association Insurance Fund.
Title 12 - Banks and Banking
(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 Finance Board. (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. [58 FR 29469, May 20, 1993, as amended at 65 FR 8262, Feb. 18, 2000. Redesignated at 65 FR 44430, July 18, 2000]
Title 12: Banks and Banking
PART 950—ADVANCES
Subpart A—Advances to Members
§ 950.14 Advances to the Savings Association Insurance Fund.
