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Code · CFR · Title 12 — Banks and Banking · Part 1271 — Miscellaneous Federal Home Loan Bank Operations and Authorities · § 1271.33

§ 1271.33. Book-entry procedure for Financing Corporation obligations.

87 words·~1 min read·/us/cfr/t12/s§ 1271.33·

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(a)Authority. Any Federal Reserve Bank shall have authority to apply book-entry procedure to Financing Corporation obligations.
(b)Procedure. The book-entry procedure for Financing Corporation obligations shall be governed by the book-entry procedure established for Bank consolidated obligations, codified at part 1270 of this chapter. Wherever the terms “Bank(s),” “consolidated obligation(s)” or “Book-entry consolidated obligation(s)” appear in part 1270, the terms shall be construed also to mean “Financing Corporation,” “Financing Corporation obligation(s),” or “Book-entry Financing Corporation obligation(s),” respectively, if appropriate to accomplish the purposes of this section.
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