Page:United States Statutes at Large Volume 101 Part 1.djvu/625

 PUBLIC LAW 100-86—AUG. 10, 1987 i %. i

101 STAT. 595

ance or servicing of any obligation of the Financing Corporation; and "(ii) includes legal and accounting expenses, trustee and fiscal and paying agent charges, costs incurred in connection with preparing and printing offering materials, and advertising expenses, to the extent that any such cost or expense is incurred by the Financing Corporation in connection with issuing any obligation. "(B) CUSTODIAN FEES.—The term 'custodian fee' means— "(i) any fee incurred by the Financing Corporation in connection with the transfer of any security to, or the maintenance of any security in, the segregated account established under paragraph (2); and "(ii) any other expense incurred by the Financing Corporation in connection with the establishment or maintenance of such account.

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"(h) MISCELLANEOUS PROVISIONS RELATING TO FINANCING CORPORATION.— "(1) TREATMENT FOR CERTAIN PURPOSES.—Except as provided

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in subsection (e)(8)(B), the Financing Corporation shall be treated as a Federal Home Loan Bank for purposes of sections " '^ 13 and 23. 12 USC 1433, "(2) FEDERAL RESERVE BANKS AS DEPOSITARIES AND FISCAL 1443.

AGENTS.—The Federal Reserve banks are authorized to act as depositaries for or fiscal agents or custodians of the Financing Corporation. "(3)

APPLICABILITY OF CERTAIN PROVISIONS RELATING TO

GOVERNMENT CORPORATION.—Notwithstanding the fact that no Government funds may be invested in the Financing Corporation, the Financing Corporation shall be treated, for purposes of sections 9105, 9107, and 9108 of title 31, United States Code, as a mixed-ownership Government corporation which has capital of the Government, "(i) FEDERAL SAVINGS AND LOAN INSURANCE CORPORATION INDUSTRY ADVISORY COMMITTEE.—

"(1) ESTABLISHMENT.—There is hereby established the Federal Savings and Loan Insurance Corporation Industry Advisory Committee (hereinafter in this subsection referred to as the 'Committee'). "(2) MEMBERSHIP.—

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"(A) APPOINTMENT.—The Committee shall consist of 13 members selected as follows: "(i) 1 member appointed by the Chairman of the Board from among individuals who are officers of insured institutions and who are not members of the Board or employees of the Board, the Federal Savings and Loan Insurance Corporation, or the Board of Directors of any Federal Home Loan Bank. "(ii) 1 member elected from each Federal Home Loan Bank district (by the members of the Board of Directors of each such bank who were elected by the members of such bank) from among individuals who are officers of insured institutions. "(B) TERMS.—Members shall be appointed or elected for terms of 1 year.

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