CFR›Title 12›Chapter XII›Part 1278 ContainsSections 1278.1–1278.7CorpusDaily eCFRDisplayed edition2026-04-15Last updated2026-04-15 PART 1278—VOLUNTARY MERGERS OF FEDERAL HOME LOAN BANKS Sections 1278.1 § 1278.1 Definitions. 1278.2 § 1278.2 Authority. 1278.3 § 1278.3 Merger agreement. 1278.4 § 1278.4 Merger application. 1278.5 § 1278.5 Approval by Director. 1278.6 § 1278.6 Ratification by Bank Members. 1278.7 § 1278.7 Consummation of the merger. Authority12 U.S.C. 1432(a), 1446, 4511.Source76 FR 72833, Nov. 28, 2011, unless otherwise noted. Previous 1277 Part 1277—Federal Home Loan Bank Capital Requirements, Capital Stock and Capital Plans Next 1281 Part 1281—Federal Home Loan Bank Housing Goals