Sec. 2. Compensation for executive officers of Federal Home Loan Banks
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/bill/119/s/1990/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 7 of the Federal Home Loan Bank Act ( 12 U.S.C. 1427 ) is amended— in the first subsection
(l)(relating to withholding of compensation)— in the subsection heading, by striking and inserting Withholding of compensation ; Compensation of executive officers by striking Notwithstanding and inserting the following: Notwithstanding ; and by adding at the end the following: Notwithstanding section 1318(d) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4518(d) ), the Director may establish compensation for any executive officer of a Federal Home Loan Bank that is reasonable and comparable in accordance with regulations promulgated by the Director. ; and by striking the second subsection
(l)(relating to the transition rule).
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