Title 12, Banks and BankingRelease 119-110
§1439a Deposits in Special Fund; Availability for All Purposes of Federal Home Loan Bank Board and Federal Home Loan Bank Administration
Title 12 › CHAPTER 11 — FEDERAL HOME LOAN BANKS › § 1439a
Summary
All funds deposited under the provision’s last sentence—including unspent administrative balances—must be held in a special account with the Treasurer. Those funds may be used, past or future, for the Board and Administration, subject to certain subsections of another law.
Full Legal Text
Title 12, §1439a
Banks and Banking, Source: USLM XML via OLRC
All moneys and funds heretofore deposited in the Treasury of the United States under the last sentence of section 1439 of this title (including unexpended balances of moneys appropriated therefrom for administrative expenses), and hereafter all moneys and funds which would, except for this provision, be so depositable thereunder, shall be deposited with the Treasurer of the United States in a special deposit account and shall be available, retroactively as well as prospectively, for expenditure for all purposes of the Federal Home Loan Bank Board and the Federal Home Loan Bank Administration, subject to subsections (a) and (b) of section 712a of title 15.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 1439 of this title, referred to in text, was repealed by Pub. L. 101–73, title VII, § 708, Aug. 9, 1989, 103 Stat. 418. Codification Section was enacted as part of the Independent Offices Appropriation Act, 1944, and not as part of the Federal Home Loan Bank Act which comprises this chapter.
Statutory Notes and Related Subsidiaries
Change of Name
“Home Loan Bank Board” changed to “Federal Home Loan Bank Board” by act Aug. 11, 1955, ch. 783, § 109(a)(3), which was classified to section 1437(b) of this title prior to the repeal of section 1437 by Pub. L. 101–73, title VII, § 703(a), Aug. 9, 1989, 103 Stat. 415. Previously, “Home Loan Bank Board” had been substituted for “Federal Home Loan Bank Board” by Reorg. Plan No. 3 of 1947.
Transfer of Functions
Federal Home Loan Bank Board abolished and functions transferred, see sections 401 to 406 of Pub. L. 101–73, set out as a note under section 1437 of this title.
Executive Documents
Transfer of Functions
For
Transfer of Functions
to Secretary of the Treasury, see note set out under section 55 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 1439a
Title 12, Banks and Banking
Last Updated
Sep 23, 2026
Release point: 119-110