Title 12

Volume 10 CHAPTER XII SUBCHAP D

Subchapter D - Federal Home Loan Banks

12:10.0.2.4.40	PART 1260	PART 1260 - SHARING OF INFORMATION AMONG FEDERAL HOME LOAN BANKS
12:10.0.2.4.40.0.1.1	SECTION 1260.1	1260.1 Definitions.
12:10.0.2.4.40.0.1.2	SECTION 1260.2	1260.2 Bank information to be shared.
12:10.0.2.4.40.0.1.3	SECTION 1260.3	1260.3 Requests to withhold proprietary information.
12:10.0.2.4.40.0.1.4	SECTION 1260.4	1260.4 Timing and form of information distribution.
12:10.0.2.4.40.0.1.5	SECTION 1260.5	1260.5 Control and disclosure of shared information.
12:10.0.2.4.41	PART 1261	PART 1261 - FEDERAL HOME LOAN BANK DIRECTORS
12:10.0.2.4.41.1	SUBPART A	Subpart A - Definitions
12:10.0.2.4.41.1.1.1	SECTION 1261.1	1261.1 [Reserved]
12:10.0.2.4.41.2	SUBPART B	Subpart B - Federal Home Loan Bank Boards of Directors: Eligibility and Elections
12:10.0.2.4.41.2.1.1	SECTION 1261.2	1261.2 Definitions.
12:10.0.2.4.41.2.1.2	SECTION 1261.3	1261.3 General provisions.
12:10.0.2.4.41.2.1.3	SECTION 1261.4	1261.4 Designation of member directorships.
12:10.0.2.4.41.2.1.4	SECTION 1261.5	1261.5 Director eligibility.
12:10.0.2.4.41.2.1.5	SECTION 1261.6	1261.6 Determination of member votes.
12:10.0.2.4.41.2.1.6	SECTION 1261.7	1261.7 Nominations for member and independent directorships.
12:10.0.2.4.41.2.1.7	SECTION 1261.8	1261.8 Election process.
12:10.0.2.4.41.2.1.8	SECTION 1261.9	1261.9 Actions affecting director elections.
12:10.0.2.4.41.2.1.9	SECTION 1261.10	1261.10 Independent director conflict of interests.
12:10.0.2.4.41.2.1.10	SECTION 1261.11	1261.11 Conflict-of-interests policy for Bank directors.
12:10.0.2.4.41.2.1.11	SECTION 1261.12	1261.12 Reporting requirements for Bank directors.
12:10.0.2.4.41.2.1.12	SECTION 1261.13	1261.13 Ineligible Bank directors.
12:10.0.2.4.41.2.1.13	SECTION 1261.14	1261.14 Vacant Bank directorships.
12:10.0.2.4.41.2.1.14	SECTION 1261.15	1261.15 Minimum number of member directorships.
12:10.0.2.4.41.2.1.15	SECTION 1261.16	1261.16 [Reserved]
12:10.0.2.4.41.3	SUBPART C	Subpart C - Federal Home Loan Bank Directors' Compensation and Expenses
12:10.0.2.4.41.3.1.1	SECTION 1261.20	1261.20 Definitions.
12:10.0.2.4.41.3.1.2	SECTION 1261.21	1261.21 General.
12:10.0.2.4.41.3.1.3	SECTION 1261.22	1261.22 Directors' compensation policy.
12:10.0.2.4.41.3.1.4	SECTION 1261.23	1261.23 Director disapproval.
12:10.0.2.4.41.3.1.5	SECTION 1261.24	1261.24 Board meetings.
12:10.0.2.4.41.4	SUBPART D	Subpart D [Reserved]
12:10.0.2.4.42	PART 1263	PART 1263 - MEMBERS OF THE BANKS
12:10.0.2.4.42.1	SUBPART A	Subpart A - Definitions
12:10.0.2.4.42.1.1.1	SECTION 1263.1	1263.1 Definitions.
12:10.0.2.4.42.2	SUBPART B	Subpart B - Membership Application Process
12:10.0.2.4.42.2.1.1	SECTION 1263.2	1263.2 Membership application requirements.
12:10.0.2.4.42.2.1.2	SECTION 1263.3	1263.3 Decision on application.
12:10.0.2.4.42.2.1.3	SECTION 1263.4	1263.4 Automatic membership.
12:10.0.2.4.42.2.1.4	SECTION 1263.5	1263.5 Appeals.
12:10.0.2.4.42.3	SUBPART C	Subpart C - Eligibility Requirements
12:10.0.2.4.42.3.1.1	SECTION 1263.6	1263.6 General eligibility requirements.
12:10.0.2.4.42.3.1.2	SECTION 1263.7	1263.7 Duly organized requirement.
12:10.0.2.4.42.3.1.3	SECTION 1263.8	1263.8 Subject to inspection and regulation requirement.
12:10.0.2.4.42.3.1.4	SECTION 1263.9	1263.9 Makes long-term home mortgage loans requirement.
12:10.0.2.4.42.3.1.5	SECTION 1263.10	1263.10 Ten percent requirement for certain insured depository institution applicants.
12:10.0.2.4.42.3.1.6	SECTION 1263.11	1263.11 Financial condition requirement for depository institutions and CDFI credit unions.
12:10.0.2.4.42.3.1.7	SECTION 1263.12	1263.12 Character of management requirement.
12:10.0.2.4.42.3.1.8	SECTION 1263.13	1263.13 Home financing policy requirement.
12:10.0.2.4.42.3.1.9	SECTION 1263.14	1263.14 De novo insured depository institution applicants.
12:10.0.2.4.42.3.1.10	SECTION 1263.15	1263.15 Recently consolidated applicants.
12:10.0.2.4.42.3.1.11	SECTION 1263.16	1263.16 Financial condition requirement for insurance company and certain CDFI applicants.
12:10.0.2.4.42.3.1.12	SECTION 1263.17	1263.17 Rebuttable presumptions.
12:10.0.2.4.42.3.1.13	SECTION 1263.18	1263.18 Determination of appropriate Bank district for membership.
12:10.0.2.4.42.3.1.14	SECTION 1263.19	1263.19 Non-federally-insured credit unions.
12:10.0.2.4.42.4	SUBPART D	Subpart D - Stock Requirements
12:10.0.2.4.42.4.1.1	SECTION 1263.20	1263.20 Stock purchase.
12:10.0.2.4.42.4.1.2	SECTION 1263.21	1263.21 [Reserved]
12:10.0.2.4.42.4.1.3	SECTION 1263.22	1263.22 Annual calculation of stock holdings.
12:10.0.2.4.42.4.1.4	SECTION 1263.23	1263.23 Excess stock.
12:10.0.2.4.42.5	SUBPART E	Subpart E - Withdrawal, Termination and Readmission
12:10.0.2.4.42.5.1.1	SECTION 1263.24	1263.24 Consolidations involving members.
12:10.0.2.4.42.5.1.2	SECTION 1263.25	1263.25 [Reserved]
12:10.0.2.4.42.5.1.3	SECTION 1263.26	1263.26 Voluntary withdrawal from membership.
12:10.0.2.4.42.5.1.4	SECTION 1263.27	1263.27 Involuntary termination of membership.
12:10.0.2.4.42.5.1.5	SECTION 1263.28	1263.28 [Reserved]
12:10.0.2.4.42.5.1.6	SECTION 1263.29	1263.29 Disposition of claims.
12:10.0.2.4.42.5.1.7	SECTION 1263.30	1263.30 Readmission to membership.
12:10.0.2.4.42.6	SUBPART F	Subpart F - Other Membership Provisions
12:10.0.2.4.42.6.1.1	SECTION 1263.31	1263.31 Reports and examinations.
12:10.0.2.4.42.6.1.2	SECTION 1263.32	1263.32 Official membership insignia.
12:10.0.2.4.43	PART 1264	PART 1264 - FEDERAL HOME LOAN BANK HOUSING ASSOCIATES
12:10.0.2.4.43.0.1.1	SECTION 1264.1	1264.1 Definitions.
12:10.0.2.4.43.0.1.2	SECTION 1264.2	1264.2 Bank authority to make advances to housing associates.
12:10.0.2.4.43.0.1.3	SECTION 1264.3	1264.3 Housing associate eligibility requirements.
12:10.0.2.4.43.0.1.4	SECTION 1264.4	1264.4 Satisfaction of eligibility requirements.
12:10.0.2.4.43.0.1.5	SECTION 1264.5	1264.5 Housing associate application process.
12:10.0.2.4.43.0.1.6	SECTION 1264.6	1264.6 Appeals.
12:10.0.2.4.44	PART 1265	PART 1265 - CORE MISSION ACTIVITIES
12:10.0.2.4.44.0.1.1	SECTION 1265.1	1265.1 Definitions.
12:10.0.2.4.44.0.1.2	SECTION 1265.2	1265.2 Mission of the Banks.
12:10.0.2.4.44.0.1.3	SECTION 1265.3	1265.3 Core mission activities.
12:10.0.2.4.45	PART 1266	PART 1266 - ADVANCES
12:10.0.2.4.45.1	SUBPART A	Subpart A - Advances to Members
12:10.0.2.4.45.1.1.1	SECTION 1266.1	1266.1 Definitions.
12:10.0.2.4.45.1.1.2	SECTION 1266.2	1266.2 Authorization and application for advances; obligation to repay advances.
12:10.0.2.4.45.1.1.3	SECTION 1266.3	1266.3 Purpose of long-term advances; Proxy test.
12:10.0.2.4.45.1.1.4	SECTION 1266.4	1266.4 Limitations on access to advances.
12:10.0.2.4.45.1.1.5	SECTION 1266.5	1266.5 Terms and conditions for advances.
12:10.0.2.4.45.1.1.6	SECTION 1266.6	1266.6 Fees.
12:10.0.2.4.45.1.1.7	SECTION 1266.7	1266.7 Collateral.
12:10.0.2.4.45.1.1.8	SECTION 1266.8	1266.8 Banks as secured creditors.
12:10.0.2.4.45.1.1.9	SECTION 1266.9	1266.9 Pledged collateral; verification.
12:10.0.2.4.45.1.1.10	SECTION 1266.10	1266.10 Collateral valuation; appraisals.
12:10.0.2.4.45.1.1.11	SECTION 1266.11	1266.11 [Reserved]
12:10.0.2.4.45.1.1.12	SECTION 1266.12	1266.12 Intradistrict transfer of advances.
12:10.0.2.4.45.1.1.13	SECTION 1266.13	1266.13 Special advances to savings associations.
12:10.0.2.4.45.1.1.14	SECTION 1266.14	1266.14 Advances to the Savings Association Insurance Fund.
12:10.0.2.4.45.1.1.15	SECTION 1266.15	1266.15 Liquidation of advances upon termination of membership.
12:10.0.2.4.45.2	SUBPART B	Subpart B - Advances to Housing Associates
12:10.0.2.4.45.2.1.1	SECTION 1266.16	1266.16 Scope.
12:10.0.2.4.45.2.1.2	SECTION 1266.17	1266.17 Advances to housing associates.
12:10.0.2.4.46	PART 1267	PART 1267 - FEDERAL HOME LOAN BANK INVESTMENTS
12:10.0.2.4.46.0.1.1	SECTION 1267.1	1267.1 Definitions.
12:10.0.2.4.46.0.1.2	SECTION 1267.2	1267.2 Authorized investments and transactions.
12:10.0.2.4.46.0.1.3	SECTION 1267.3	1267.3 Prohibited investments and prudential rules.
12:10.0.2.4.46.0.1.4	SECTION 1267.4	1267.4 Limitations and prudential requirements on use of derivative instruments.
12:10.0.2.4.47	PART 1268	PART 1268 - ACQUIRED MEMBER ASSETS
12:10.0.2.4.47.0.1.1	SECTION 1268.1	1268.1 Definitions.
12:10.0.2.4.47.0.1.2	SECTION 1268.2	1268.2 Authorization for acquired member assets.
12:10.0.2.4.47.0.1.3	SECTION 1268.3	1268.3 Asset requirement.
12:10.0.2.4.47.0.1.4	SECTION 1268.4	1268.4 Member or housing associate nexus requirement.
12:10.0.2.4.47.0.1.5	SECTION 1268.5	1268.5 Credit risk-sharing requirement.
12:10.0.2.4.47.0.1.6	SECTION 1268.6	1268.6 Servicing of AMA loans.
12:10.0.2.4.47.0.1.7	SECTION 1268.7	1268.7 Reporting requirements for acquired member assets.
12:10.0.2.4.47.0.1.8	SECTION 1268.8	1268.8 Administrative transactions and agreements between Banks.
12:10.0.2.4.48	PART 1269	PART 1269 - STANDBY LETTERS OF CREDIT
12:10.0.2.4.48.0.1.1	SECTION 1269.1	1269.1 Definitions.
12:10.0.2.4.48.0.1.2	SECTION 1269.2	1269.2 Standby letters of credit on behalf of members.
12:10.0.2.4.48.0.1.3	SECTION 1269.3	1269.3 Standby letters of credit on behalf of housing associates.
12:10.0.2.4.48.0.1.4	SECTION 1269.4	1269.4 Obligation to Bank under all standby letters of credit.
12:10.0.2.4.48.0.1.5	SECTION 1269.5	1269.5 Additional provisions applying to all standby letters of credit.
12:10.0.2.4.49	PART 1270	PART 1270 - LIABILITIES
12:10.0.2.4.49.1	SUBPART A	Subpart A - Definitions
12:10.0.2.4.49.1.1.1	SECTION 1270.1	1270.1 Definitions.
12:10.0.2.4.49.2	SUBPART B	Subpart B - Sources of Funds
12:10.0.2.4.49.2.1.1	SECTION 1270.2	1270.2 Authorized liabilities.
12:10.0.2.4.49.2.1.2	SECTION 1270.3	1270.3 Deposits from members.
12:10.0.2.4.49.3	SUBPART C	Subpart C - Consolidated Obligations
12:10.0.2.4.49.3.1.1	SECTION 1270.4	1270.4 Issuance of consolidated obligations.
12:10.0.2.4.49.3.1.2	SECTION 1270.5	1270.5 Bank operations.
12:10.0.2.4.49.3.1.3	SECTION 1270.6	1270.6 Transactions in consolidated obligations.
12:10.0.2.4.49.3.1.4	SECTION 1270.7	1270.7 Lost, stolen, destroyed, mutilated or defaced consolidated obligations.
12:10.0.2.4.49.3.1.5	SECTION 1270.8	1270.8 Administrative provision.
12:10.0.2.4.49.3.1.6	SECTION 1270.9	1270.9 Conditions for issuance of consolidated obligations.
12:10.0.2.4.49.3.1.7	SECTION 1270.10	1270.10 Joint and several liability.
12:10.0.2.4.49.3.1.8	SECTION 1270.11	1270.11 Savings clause.
12:10.0.2.4.49.4	SUBPART D	Subpart D - Book-Entry Procedure for Consolidated Obligations
12:10.0.2.4.49.4.1.1	SECTION 1270.12	1270.12 Law governing rights and obligations of Banks, FHFA, Office of Finance, United States and Federal Reserve Banks; rights of any Person against Banks, FHFA, Office of Finance, United States and Federal Reserve Banks.
12:10.0.2.4.49.4.1.2	SECTION 1270.13	1270.13 Law governing other interests.
12:10.0.2.4.49.4.1.3	SECTION 1270.14	1270.14 Creation of Participant's Security Entitlement; security interests.
12:10.0.2.4.49.4.1.4	SECTION 1270.15	1270.15 Obligations of the Banks and the Office of Finance; no Adverse Claims.
12:10.0.2.4.49.4.1.5	SECTION 1270.16	1270.16 Authority of Federal Reserve Banks.
12:10.0.2.4.49.4.1.6	SECTION 1270.17	1270.17 Liability of Banks, FHFA, Office of Finance and Federal Reserve Banks.
12:10.0.2.4.49.4.1.7	SECTION 1270.18	1270.18 Additional requirements; notice of attachment for Book-entry consolidated obligations.
12:10.0.2.4.49.4.1.8	SECTION 1270.19	1270.19 Reference to certain Department of Treasury commentary and determinations.
12:10.0.2.4.49.4.1.9	SECTION 1270.20	1270.20 Consolidated obligations are not obligations of the United States or guaranteed by the United States.
12:10.0.2.4.50	PART 1271	PART 1271 - MISCELLANEOUS FEDERAL HOME LOAN BANK OPERATIONS AND AUTHORITIES
12:10.0.2.4.50.1	SUBPART A	Subpart A - Collection, Settlement, and Processing of Payment Instruments
12:10.0.2.4.50.1.1.1	SECTION 1271.1	1271.1 Definitions.
12:10.0.2.4.50.1.1.2	SECTION 1271.2	1271.2 Authority and scope.
12:10.0.2.4.50.1.1.3	SECTION 1271.3	1271.3 General provisions.
12:10.0.2.4.50.1.1.4	SECTION 1271.4	1271.4 Incidental powers.
12:10.0.2.4.50.1.1.5	SECTION 1271.5	1271.5 Operations.
12:10.0.2.4.50.1.1.6	SECTION 1271.6	1271.6 Pricing of services.
12:10.0.2.4.50.1.1.7	SECTION 1271.7	1271.7 Rights, powers, responsibilities, duties, and liabilities.
12:10.0.2.4.50.2	SUBPART B	Subpart B - Miscellaneous Bank Authorities
12:10.0.2.4.50.2.1.1	SECTION 1271.10	1271.10 Transfer of funds between Banks.
12:10.0.2.4.50.2.1.2	SECTION 1271.11	1271.11 Trustee powers.
12:10.0.2.4.50.3	SUBPART C	Subpart C - Bank Requests for Information
12:10.0.2.4.50.3.1.1	SECTION 1271.15	1271.15 Definitions.
12:10.0.2.4.50.3.1.2	SECTION 1271.16	1271.16 Scope.
12:10.0.2.4.50.3.1.3	SECTION 1271.17	1271.17 Request for confidential regulatory information.
12:10.0.2.4.50.3.1.4	SECTION 1271.18	1271.18 Form of request.
12:10.0.2.4.50.3.1.5	SECTION 1271.19	1271.19 Storage of confidential regulatory information.
12:10.0.2.4.50.3.1.6	SECTION 1271.20	1271.20 Access to confidential regulatory information.
12:10.0.2.4.50.3.1.7	SECTION 1271.21	1271.21 Third party requests for confidential regulatory information.
12:10.0.2.4.50.3.1.8	SECTION 1271.22	1271.22 Computer data.
12:10.0.2.4.50.4	SUBPART D	Subpart D - Financing Corporation Operations
12:10.0.2.4.50.4.1.1	SECTION 1271.30	1271.30 Definitions.
12:10.0.2.4.50.4.1.2	SECTION 1271.31	1271.31 General authority.
12:10.0.2.4.50.4.1.3	SECTION 1271.32	1271.32 Authority to establish investment policies and procedures.
12:10.0.2.4.50.4.1.4	SECTION 1271.33	1271.33 Book-entry procedure for Financing Corporation obligations.
12:10.0.2.4.50.4.1.5	SECTION 1271.34	1271.34 Bank and Office of Finance employees.
12:10.0.2.4.50.4.1.6	SECTION 1271.35	1271.35 Budget and expenses.
12:10.0.2.4.50.4.1.7	SECTION 1271.36	1271.36 Administrative expenses.
12:10.0.2.4.50.4.1.8	SECTION 1271.37	1271.37 Non-administrative expenses; assessments.
12:10.0.2.4.50.4.1.9	SECTION 1271.38	1271.38 Reports to FHFA.
12:10.0.2.4.50.4.1.10	SECTION 1271.39	1271.39 Review of books and records.
12:10.0.2.4.50.5	SUBPART E	Subpart E - Authority for Bank Assistance of the Resolution Funding Corporation
12:10.0.2.4.50.5.1.1	SECTION 1271.41	1271.41 Bank employees.
12:10.0.2.4.51	PART 1272	PART 1272 - NEW BUSINESS ACTIVITIES
12:10.0.2.4.51.0.1.1	SECTION 1272.1	1272.1 Definitions.
12:10.0.2.4.51.0.1.2	SECTION 1272.2	1272.2 Limitation on Bank authority to undertake new business activities.
12:10.0.2.4.51.0.1.3	SECTION 1272.3	1272.3 New business activity notice requirement.
12:10.0.2.4.51.0.1.4	SECTION 1272.4	1272.4 Review process.
12:10.0.2.4.51.0.1.5	SECTION 1272.5	1272.5 Additional information.
12:10.0.2.4.51.0.1.6	SECTION 1272.6	1272.6 Examinations.
12:10.0.2.4.51.0.1.7	SECTION 1272.7	1272.7 Approval of notices.
12:10.0.2.4.52	PART 1273	PART 1273 - OFFICE OF FINANCE
12:10.0.2.4.52.0.1.1	SECTION 1273.1	1273.1 Definitions.
12:10.0.2.4.52.0.1.2	SECTION 1273.2	1273.2 Authority of the OF.
12:10.0.2.4.52.0.1.3	SECTION 1273.3	1273.3 Functions of the OF.
12:10.0.2.4.52.0.1.4	SECTION 1273.4	1273.4 FHFA oversight.
12:10.0.2.4.52.0.1.5	SECTION 1273.5	1273.5 Funding of the OF.
12:10.0.2.4.52.0.1.6	SECTION 1273.6	1273.6 Debt management duties of the OF.
12:10.0.2.4.52.0.1.7	SECTION 1273.7	1273.7 Structure of the OF board of directors.
12:10.0.2.4.52.0.1.8	SECTION 1273.8	1273.8 General duties of the OF board of directors.
12:10.0.2.4.52.0.1.9	SECTION 1273.9	1273.9 Audit Committee.
12:10.0.2.4.52.0.1.10.7	APPENDIX Appendix A	Appendix A to Part 1273 - Exceptions to the General Disclosure Standards
12:10.0.2.4.53	PART 1274	PART 1274 - FINANCIAL STATEMENTS OF THE BANKS
12:10.0.2.4.53.0.1.1	SECTION 1274.1	1274.1 Definitions.
12:10.0.2.4.53.0.1.2	SECTION 1274.2	1274.2 Audit requirements.
12:10.0.2.4.53.0.1.3	SECTION 1274.3	1274.3 Requirements to provide financial and other information to FHFA and the OF.
12:10.0.2.4.54	PART 1277	PART 1277 - FEDERAL HOME LOAN BANK CAPITAL REQUIREMENTS, CAPITAL STOCK AND CAPITAL PLANS
12:10.0.2.4.54.1	SUBPART A	Subpart A - Definitions
12:10.0.2.4.54.1.1.1	SECTION 1277.1	1277.1 Definitions.
12:10.0.2.4.54.2	SUBPART B	Subpart B - Bank Capital Requirements
12:10.0.2.4.54.2.1.1	SECTION 1277.2	1277.2 Total capital requirement.
12:10.0.2.4.54.2.1.2	SECTION 1277.3	1277.3 Risk-based capital requirement.
12:10.0.2.4.54.2.1.3	SECTION 1277.4	1277.4 Credit risk capital requirement.
12:10.0.2.4.54.2.1.4	SECTION 1277.5	1277.5 Market risk capital requirement.
12:10.0.2.4.54.2.1.5	SECTION 1277.6	1277.6 Operational risk capital requirement.
12:10.0.2.4.54.2.1.6	SECTION 1277.7	1277.7 Limits on unsecured extensions of credit; reporting requirements.
12:10.0.2.4.54.2.1.7	SECTION 1277.8	1277.8 Reporting requirements.
12:10.0.2.4.54.3	SUBPART C	Subpart C - Bank Capital Stock
12:10.0.2.4.54.3.1.1	SECTION 1277.20	1277.20 Classes of capital stock.
12:10.0.2.4.54.3.1.2	SECTION 1277.21	1277.21 Issuance of capital stock.
12:10.0.2.4.54.3.1.3	SECTION 1277.22	1277.22 Minimum investment in capital stock.
12:10.0.2.4.54.3.1.4	SECTION 1277.23	1277.23 Dividends.
12:10.0.2.4.54.3.1.5	SECTION 1277.24	1277.24 Liquidation, merger, or consolidation.
12:10.0.2.4.54.3.1.6	SECTION 1277.25	1277.25 Transfer of capital stock.
12:10.0.2.4.54.3.1.7	SECTION 1277.26	1277.26 Redemption and repurchase of capital stock.
12:10.0.2.4.54.3.1.8	SECTION 1277.27	1277.27 Other restrictions on the repurchase or redemption of Bank stock.
12:10.0.2.4.54.4	SUBPART D	Subpart D - Bank Capital Plans
12:10.0.2.4.54.4.1.1	SECTION 1277.28	1277.28 Bank capital plans.
12:10.0.2.4.54.4.1.2	SECTION 1277.29	1277.29 Amendments to a Bank's capital plan.
12:10.0.2.4.55	PART 1278	PART 1278 - VOLUNTARY MERGERS OF FEDERAL HOME LOAN BANKS
12:10.0.2.4.55.0.1.1	SECTION 1278.1	1278.1 Definitions.
12:10.0.2.4.55.0.1.2	SECTION 1278.2	1278.2 Authority.
12:10.0.2.4.55.0.1.3	SECTION 1278.3	1278.3 Merger agreement.
12:10.0.2.4.55.0.1.4	SECTION 1278.4	1278.4 Merger application.
12:10.0.2.4.55.0.1.5	SECTION 1278.5	1278.5 Approval by Director.
12:10.0.2.4.55.0.1.6	SECTION 1278.6	1278.6 Ratification by Bank Members.
12:10.0.2.4.55.0.1.7	SECTION 1278.7	1278.7 Consummation of the merger.

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