Code of Federal Regulations · Section
§ 615.5030 — Borrowings From Commercial Banks
12 C.F.R. § 615.5030
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Each System bank board, by resolution, shall authorize all commercial bank borrowings by that System bank.
Authorizing Statute
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General corporate powers12 U.S.C. § 2013
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Capital adequacy of banks and institutions12 U.S.C. § 2154