Authority. Upon receipt of a written request from the FDIC, a Bank may make advances to the FDIC for the use of the Savings Association Insurance Fund. The Bank shall provide a copy of such request to the FHFA.
Requirements. Advances to the FDIC for the use of the Savings Association Insurance Fund shall:
Bear a rate of interest not less than the Bank's marginal cost of funds, taking into account the maturities involved and reasonable administrative costs;
Have a maturity acceptable to the Bank;
Be subject to any prepayment, commitment, or other appropriate fees of the Bank; and
Be adequately secured by collateral acceptable to the Bank.
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