Oversight of the Federal Home Loan Bank System: Hearing Before the Subcommittee on Financial Institutions of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, First Session, on the Operations of the Federal Home Loan Bank System, Focusing on the Responsibility that Congress Has Placed with the Federal Home Loan Banks to Enhance the Liquidity of Financial Institutions, Particularly as the Federal Home Loan Bank Members Meet Such Community Needs as Promoting Homeownership, September 9, 2003

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48. lappuse - (b) An institution eligible to become a member or a nonmember borrower under this section may become a member only of, or secure advances from, the Federal Home Loan Hank of the district in which is located the institution's principal place of business, or of the bank of a district adjoining such district, if demanded by convenience and then only with the approval of the board...
53. lappuse - AHP subsidies must be used to fund the purchase, construction, or rehabilitation of: • Owner-occupied housing for very low-income, or low- or moderate-income (no greater than 80 percent of area median income) households; or • Rental housing in which at least 20 percent of the units will be occupied by and affordable for very low-income (no greater than 50 percent of area median income) households. In 2002, the Finance Board adopted a regulation enabling Banks to allocate annually the greater...
54. lappuse - This summer, too, the boards of the Federal Home Loan Bank of San Francisco and the Federal Home Loan Bank of Atlanta resolved that, if SEC registration was the determined course of action, it is their request that the Finance Board adopt a regulation requiring it. In response to those requests...
51. lappuse - ... other institutions specified in section 4 of the act that make long-term home-mortgage loans are eligible to become members of the Federal Home Loan Bank.
53. lappuse - ... encourage member institutions to increase their support for affordable housing. AHP subsidies must be used to finance the purchase, construction, and/or rehabilitation of owner-occupied housing for households whose income does not exceed 80 percent of the area's median income or rental housing, in which at least 20 percent of the units are occupied by and affordable to very-low-income households — earning 50 percent or less of the area's median income — for the remaining useful life of such...
5. lappuse - ... loans as, in the judgment of the board, are long-term loans: Savings banks, trust companies, and other banks; and (3) Insurance companies. (b) An institution eligible to become a member under this section may become a member only of the Federal home loan bank of the district in which is located the institution's principal place of business, or of the bank of a district adjoining such district. SEC. 5. (a) As soon as practicable after the enactment of this act, the board, with the approval of...
60. lappuse - Thank you for the opportunity to speak with you today. I would be happy to answer any questions you may have concerning the Department's Weapons Activities program.
66. lappuse - Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS) and to make recommendations to promote uniformity in the supervision of financial institutions.
67. lappuse - Chairman, members of the Subcommittee, I appreciate the opportunity to speak to you today about reforms in the Commission's licensing process for power reactors.
1. lappuse - COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS, Washington, DC The subcommittee met at 2:05 pm in room 5302, Dirksen Senate Office Building, Senator Adlai E.

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