Basic terms relating to the Finance Board, the Bank System and related entities.
As used throughout this chapter, the following basic terms relating to the Finance Board, the Bank System and related entities have the meanings set forth below, unless otherwise indicated in a particular subchapter, part, section, or paragraph:
Act means the Federal Home Loan Bank Act, as amended (12 U.S.C. 1421 through 1449).
Bank, written in title case, means a Federal Home Loan Bank established under section 12 of the Act (12 U.S.C. 1432 ).
Bank System means the Federal Home Loan Bank System, consisting of the 12 Banks and the Office of Finance.
Board of Directors, written in title case, means the Board of Directors of the Federal Housing Finance Board; the term board of directors, written in lower case, has the meaning indicated in context.
Chairperson means the Chairperson of the Board of Directors of the Finance Board.
Executive Secretary means an employee within the Office of Management of the Finance Board who is responsible for records management.
Finance Board means the Federal Housing Finance Board established by section 2A of the Act (12 U.S.C. 1422a ).
Financing Corporation or FICO means the Financing Corporation established and supervised by the Finance Board under section 21 of the Act (12 U.S.C. 1441) and part 995 of this chapter.
Housing associate means an entity that has been approved as a housing associate pursuant to part 926 of this chapter.
Member means an institution that has been approved for membership in a Bank and has purchased capital stock in the Bank in accordance with §§ 925.20 or 925.24(b) of this chapter.
Office of Finance or OF means the Office of Finance, a joint office of the Banks referred to in section 2B of the Act (12 U.S.C. 1422b) and established under part 985 of this chapter.
Secretary to the Board means employees within the Office of General Counsel of the Finance Board who are responsible for issues concerning meetings of the Board of Directors.
[67 FR 12842, Mar. 20, 2002, as amended at 68 FR 38169, June 27, 2003]