# 12 CFR § 1269.3: Standby letters of credit on behalf of housing associates

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-1269.3

## Section

- **Citation:** 12 CFR § 1269.3
- **Heading:** Standby letters of credit on behalf of housing associates
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY > SUBCHAPTER D—FEDERAL HOME LOAN BANKS > PART 1269—STANDBY LETTERS OF CREDIT

## Text

(a) Housing associates. Each Bank is authorized to issue or confirm on behalf of housing associates standby letters of credit that are fully secured by collateral described in § 1266.17(b)(1)(i) or (ii) of this chapter, and that otherwise comply with the requirements of this part, for any of the following purposes:
(1) To assist housing associates in facilitating residential housing finance;
(2) To assist housing associates in facilitating community lending;
(3) To assist housing associates with asset/liability management; or
(4) To provide housing associates with liquidity or other funding.
(b) SHFA associates. Each Bank is authorized to issue or confirm on behalf of SHFA associates standby letters of credit that are fully secured by collateral described in § 1266.17(b)(2)(i)(A),(B) or (C) of this chapter, and that otherwise comply with the requirements of this part, for the purpose of facilitating residential or commercial mortgage lending that benefits individuals or families meeting the income requirements in section 142(d) or 143(f) of the Internal Revenue Code (26 U.S.C. 142(d) or 143(f)).
[63 FR 65699, Nov. 30, 1998, as amended at 65 FR 8265, Feb. 18, 2000; 65 FR 44431, July 18, 2000; 75 FR 8240, Feb. 24, 2010; 75 FR 76623, Dec. 9, 2010]

## Nearby sections

- [12 CFR § 1260.1 § 1260.1 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1260.1.md)
- [12 CFR § 1260.2 § 1260.2 Bank information to be shared.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1260.2.md)
- [12 CFR § 1260.3 § 1260.3 Requests to withhold proprietary information.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1260.3.md)
- [12 CFR § 1260.4 § 1260.4 Timing and form of information distribution.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1260.4.md)
- [12 CFR § 1260.5 § 1260.5 Control and disclosure of shared information.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1260.5.md)
- [12 CFR § 1264.1 § 1264.1 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1264.1.md)
- [12 CFR § 1264.2 § 1264.2 Bank authority to make advances to housing associates.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1264.2.md)
- [12 CFR § 1264.3 § 1264.3 Housing associate eligibility requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1264.3.md)
- [12 CFR § 1264.4 § 1264.4 Satisfaction of eligibility requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1264.4.md)
- [12 CFR § 1264.5 § 1264.5 Housing associate application process.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1264.5.md)
- [12 CFR § 1264.6 § 1264.6 Appeals.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1264.6.md)
- [12 CFR § 1265.1 § 1265.1 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1265.1.md)
- [12 CFR § 1265.2 § 1265.2 Mission of the Banks.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1265.2.md)
- [12 CFR § 1265.3 § 1265.3 Core mission activities.](https://www.frixlaw.com/law-library/statutes/ecfr-12-1265.3.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-1269.3. Check the current official text before relying on it. Not legal advice.