§ 615.5100. Authority to issue.
85 words·~1 min read·
/us/cfr/t12/s§ 615.5100·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Act authorizes each bank of the System, subject to the collateral requirements of section 4.3(c) of the Act, to issue:
(a)Notes, bonds, debentures, or other similar obligations;
(b)Consolidated obligations, together with any or all banks organized and operating under the same title of the Act;
(c)Systemwide obligations, together with other banks of the System; and
(d)Investment bonds to the authorized purchasers subject to the limitations contained in the regulations set forth in subpart D. [54 FR 1160, Jan. 12, 1989]