Title 12Banks and BankingRelease 119-73

§1443 Forms of bank stock and obligations

Title 12 › Chapter CHAPTER 11— - FEDERAL HOME LOAN BANKS › § 1443

Last updated Apr 6, 2026|Official source

Summary

Securities issued under this chapter can be electronic (book-entry) or paper certificates under rules the Director sets.

Full Legal Text

Title 12, §1443

Banks and Banking — Source: USLM XML via OLRC

Any stock, debentures, bonds, notes, or other obligations issued under the authority of this chapter may be issued in uncertificated form, utilizing a book entry method, or in certificated form under such rules, regulations, or guidelines as the Director 11 See 2008 Amendment note below. may provide.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Amendments

2008—Pub. L. 110–289, which directed amendment of the Federal Home Loan Bank Act (this chapter) by substituting “the Director” for “the Board” and “Director” for “Federal Housing Finance Board” wherever appearing, was executed to this section by substituting “the Director” for “the Board of Directors of the Federal Housing Finance Board”, to reflect the probable intent of Congress. 1989—Pub. L. 101–73 amended section generally. Prior to amendment, section read as follows: “In order that the Federal Home Loan Banks may be supplied with such forms of stock, debentures, and bonds as may be necessary under this chapter, the Secretary of the Treasury is authorized to prepare such forms thereof as shall be suitable and approved by the board, which shall be held in the Treasury subject to delivery, upon order of the board. The engraved plates, dies, and bed pieces executed in connection therewith shall remain in the custody of the Secretary of the Treasury. The board shall reimburse the Secretary of the Treasury for any expense incurred in the preparation, custody, and delivery of such stock, debentures, and bonds.”

Reference

Citations & Metadata

Citation

12 U.S.C. § 1443

Title 12Banks and Banking

Last Updated

Apr 6, 2026

Release point: 119-73