FOIA Reading Room (FHFB)

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- General Counsel Opinions
General Counsel Opinions are written statements advising the Board of Directors and other Finance Board officials and the Federal Home Loan Banks, Federal Home Loan Bank members, the Office of Finance, and other individuals or entities, as necessary, on interpretations of law, regulation, or policy. General Counsel Opinions are numbered in sequence by year with the prefix “GC”, e.g., 2001-GC-##.
 
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- 1991
October 31 1991-GC-24: The Negative Asset Pledge Requirement to Support the Consolidated Bonds
October 30 1991-GC-23: Use of Home Equity Loans to Meet the 10% Federal Home Loan Bank Membership Eligibility Requirement in Section 4(a)(2)(A) of the Federal Home Loan Bank Act
October 17 1991-GC-22: Delegation of Authority to the Federal Home Loan Banks to Approve Membership Applications
October 11 1991-GC-25: Federal Home Loan Bank Membership Requirements
August 29 1991-GC-19: Authority of State Housing Agencies to Receive Federal Home Loan Bank Advances
August 29 1991-GC-20: Effect of Federal Home Loan Bank Advance Participations on the Limit on Advances to Non-Qualified Thrift Lender Members and the Stock Subscription Requirements for Members
August 27 1991-GC-18: Treatment of Federal Home Loan Bank Advance Participation Transactions Under the Proposed Master Participation Agreement
August 2 1991-GC-17: Pricing Limitations on Federal Home Loan Bank Advances
August 1 1991-GC-21: Retroactivity of 10-Year Moratorium on Re-Entry Into the Federal Home Loan Bank System
July 22 1991-GC-16: Cash Collateral For Letters of Credit
July 11 1991-GC-13: Availability of Offset to Federal Home Loan Bank on Cancellation of Departing Member’s Capital Stock
July 11 1991-GC-14: Authority to Waive the Six-Month Waiting Period Under Section 6(e) of the Federal Home Loan Bank Act Before Withdrawal From Federal Home Loan Bank Membership
July 1 1991-GC-12: Federal Home Loan Bank Letter of Credit Enhancements of Tax-Exempt Bonds Under Section 149 of the Internal Revenue Code
June 14 1991-GC-15: Proper Treatment of Federal Home Loan Bank (Bank) Capital Stock Held by a Receiver of a Bank Member
June 3 1991-GC-10: Application of 20 Percent Maximum Subsidy Rule to Approved 1990 Affordable Housing Program (AHP) Projects
June 3 1991-GC-11: Proposed Change in REFCorp Expense Variable for Affordable Housing Program (AHP) Calculation Formula
May 17 1991-GC-09: Interpretation of “Prior Year” in the Shortfall Formula for REFCorp Interest Payments
May 7 1991-GC-08: Legal Issues Raised By Draft Community Support Regulations
May 3 1991-GC-06: Federal Home Loan Banks Standby Letters of Credit Authority
May 3 1991-GC-07: Secondary Mortgage Market Opinions
May 1 1991-GC-05: Minimum Stock Requirement for Election of Federal Home Loan Bank Directors
April 18 1991-GC-04: Use of Collateralized Mortgage Obligations (CMOs) to Meet the 10% Federal Home Loan Bank Membership Eligibility Requirement in Section 4(a)(2)(A) of the Federal Home Loan Bank Act
April 10 1991-GC-03: Authority to Set Salaries of Federal Home Loan Bank Officials
February 18 1991-GC-02: Proposed Changes to Monthly Interest Rate Survey (MIRS)
February 7 1991-GC-01: Treatment of Outstanding Affordable Housing Program (AHP) Advances Upon Termination of Membership
 
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