§ 1439a. — Deposits in special fund; availability for all purposes of Federal Home Loan Bank Board and Federal Home Loan Bank Administration.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1439a]
TITLE 12--BANKS AND BANKING
CHAPTER 11--FEDERAL HOME LOAN BANKS
Sec. 1439a. Deposits in special fund; availability for all
purposes of Federal Home Loan Bank Board and Federal Home Loan
Bank Administration
All moneys and funds heretofore deposited in the Treasury of the
United States under the last sentence of section 1439 \1\ of this title
(including unexpended balances of moneys appropriated therefrom for
administrative expenses), and hereafter all moneys and funds which
would, except for this provision, be so depositable thereunder, shall be
deposited with the Treasurer of the United States in a special deposit
account and shall be available, retroactively as well as prospectively,
for expenditure for all purposes of the Federal Home Loan Bank Board and
the Federal Home Loan Bank Administration, subject to subsections (a)
and (b) of section 712a of title 15.
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\1\ See References in Text note below.
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(June 26, 1943, ch. 145, title I, Sec. 101, 57 Stat. 186; 1947 Reorg.
Plan No. 3, eff. July 27, 1947, 12 F.R. 4981, 61 Stat. 954; Aug. 11,
1955, ch. 783, title I, Sec. 109(a)(3), 69 Stat. 640.)
References in Text
Section 1439 of this title, referred to in text, was repealed by
Pub. L. 101-73, title VII, Sec. 708, Aug. 9, 1989, 103 Stat. 418.
Codification
Section was enacted as part of the Independent Offices Appropriation
Act, 1944, and not as part of the Federal Home Loan Bank Act which
comprises this chapter.
Change of Name
``Home Loan Bank Board'' changed to ``Federal Home Loan Bank Board''
by act Aug. 11, 1955, ch. 783, Sec. 109(a)(3), which was classified to
section 1437(b) of this title prior to the repeal of section 1437 by
Pub. L. 101-73, title VII, Sec. 703(a), Aug. 9, 1989, 103 Stat. 415.
Previously, ``Home Loan Bank Board'' had been substituted for ``Federal
Home Loan Bank Board'' by Reorg. Plan No. 3 of 1947.
Transfer of Functions
Federal Home Loan Bank Board abolished and functions transferred,
see sections 401 to 406 of Pub. L. 101-73, set out as a note under
section 1437 of this title.
For transfer of functions to Secretary of the Treasury, see note set
out under section 121 of this title.
