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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 11— FEDERAL HOME LOAN BANKS · § 1440

§ 1440. Examinations and audits

410 words·~2 min read·/usc/title-12/section-1440

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The Director shall from time to time, at least annually, require examinations and reports of condition of all Federal Home Loan Banks in such form as the Director shall prescribe and shall furnish periodically statements based upon the reports of the banks to the Director. For the purposes of this chapter, examiners appointed by the Director shall be subject to the same requirements, responsibilities, and penalties as are applicable to examiners under the National Bank Act [12 U.S.C. 21 et seq.] and the Federal Reserve Act [12 U.S.C. 221 et seq.], and shall have, in the exercise of functions under this chapter, the same powers and privileges as are vested in such examiners by law.
In addition to such examinations, the Comptroller General may audit or examine the Director and the Banks, to determine the extent to which the Director and the Banks are fairly and effectively fulfilling the purposes of this chapter.
(July 22, 1932, ch. 522, § 20, 47 Stat. 738; June 27, 1950, ch. 369, § 10, 64 Stat. 259; Aug. 2, 1954, ch. 649, title VIII, § 802(f), 68 Stat. 643; Pub. L. 101–73, title VII, §§ 701(b)(1), (3)(A), 702(b), Aug. 9, 1989, 103 Stat. 412, 415; Pub. L. 110–289, div. A, title II, § 1204(8), (9), July 30, 2008, 122 Stat. 2786.)
Connections31 cite this · traces to 5
Cited by 31 sections · top 26
17 references not yet in our index
  • July 22, 1932, ch. 522, § 20
  • 47 Stat. 738
  • June 27, 1950, ch. 369, § 10
  • 64 Stat. 259
  • Aug. 2, 1954, ch. 649
  • 68 Stat. 643
  • Pub. L. 101–73, title VII
  • 103 Stat. 412
  • Pub. L. 110–289, div. A, title II, § 1204(8)
  • 122 Stat. 2786
  • act June 3, 1864, ch. 106
  • 13 Stat. 99
  • act Dec. 23, 1913, ch. 6
  • 38 Stat. 251
  • Pub. L. 110–289
  • Pub. L. 101–73, § 702(b)
  • Pub. L. 101–73, § 701(b)(1)
Citation graph
cites case law
§ 1440
Examinations and audits
Fed. Reg.×16
Stat.×6
U.S.C.×4
C.F.R.×3
Stat. Comp.×2
ActJuly 22, 1932, ch. 522, § 20
Stat.47 Stat. 738
ActJune 27, 1950, ch. 369, § 10
Stat.64 Stat. 259
ActAug. 2, 1954, ch. 649
Cites 22 · showing 10Cited by 31 across 5 sources
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