Page:United States Statutes at Large Volume 101 Part 1.djvu/618

 101 STAT. 588

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PUBLIC LAW 100-86—AUG. 10, 1987


 * , T. the first $1,000,000,000 which the Board may require the Federal Home Loan Banks to invest in capital stock of the Financ^o,.' ing Corporation under this subsection, the amount which each

9ri Federal Home Loan Bank (or any successor to such bank) shall invest shall be determined by the Board by applying to the total - amount of such investment by all such banks the percentage appearing in the following table for each such bank: "Bank Federal Federal Federal Federal Federal Federal Federal Federal Federal Federal Federal Federal ^'

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Home Loan Home Loan Home Loan Home Loan Home Loan Home Loan Home Loan Home Loan Home Loan Home Loan Home Loan Home Loan

Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank Bank

of Boston of New York of Pittsburgh of Atlanta of Cincinnati of Indianapolis of Chicago of Des Moines of Dallas of Topeka of San Francisco of Seattle

Percentage 1.8629 9.1006 4.2702 14.4007 8.2653 5.2863 9.6886 6.9301 8.8181 5.2706 19.9644 6.1422

PRO RATA DISTRIBUTION OF AMOUNTS REQUIRED TO BE

INVESTED IN EXCESS OF $1,000,000,000.—With rcspect to any amount in excess of $1,000,000,000 which the Board may require the Federal Home Loan Banks to invest in capital stock of the Financing Corporation under this subsection, the amount which each Federal Home Loan Bank (or any successor to such bank) shall invest shall be determined by the Board by multiplying such excess amount by the percentage arrived at by dividing— "(A) the sum of the total assets (as of the most recent ' December 31) held by all insured institutions which are members of such bank; by "(B) the sum of the total assets (as of such date) held by all insured institutions which are members of any Federal Home Loan Bank.

"(6) SPECIAL PROVISIONS RELATING TO MAXIMUM AMOUNT ,-^^ LIMITATIONS.—

"(A) IN GENERAL.—If the amount any Federal Home Loan Bank is required to invest in capital stock of the Financing Corporation pursuant to a determination by the Board .,,, under paragraph (5) (or under subparagraph (B) of this paragraph) exceeds the maximum investment amount applicable with respect to such bank under paragraph (3) at ,:,..,.^^ the time of such determination (hereinafter in this para*""" graph referred to as the 'excess amount')— "(i) the Board shall require each remaining Federal ,' ^^.y": Home Loan Bank to invest (in addition to the amount ,. r, determined under paragraph (5) for such remaining bank and subject to the maximum investment amount .•;, 4 '. applicable with respect to such remaining bank under paragraph (3) at the time of such determination) in such capital stock on behalf of the bank in the amount . i, determined under subparagraph (B); "(ii) the Board shall require the bank to subsequently purchase the excess amount of capital stock from the ,'//£., K "(iii) the requirements contained in subparagraphs ),;.A,?, (D) and (E) relating to the use of net earnings available
 * , ', ^,,. remaining banks in the manner described in subparagraph (C); and

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