12 CFR § 1266.15 - Liquidation of advances upon termination of membership.

---
identifier: "/us/cfr/t12/s1266.15"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1266.15 - Liquidation of advances upon termination of membership."
title_number: 12
title_name: "Banks and Banking"
section_number: "1266.15"
section_name: "Liquidation of advances upon termination of membership."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "D"
subchapter_name: "FEDERAL HOME LOAN BANKS"
part_number: "1266"
part_name: "ADVANCES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1426, 1429, 1430, 1430b, 1431, 4511(b), 4513, 4526(a)."
regulatory_source: "58 FR 29469, May 20, 1993, unless otherwise noted. Redesignated at 65 FR 8256, Feb. 18, 2000, and 75 FR 76622, Dec. 9, 2010."
cfr_part: "1266"
---


# 1266.15 Liquidation of advances upon termination of membership.

If an institution's membership in a Bank is terminated, the Bank shall determine an orderly schedule for liquidating any indebtedness of such member to the Bank; this section shall not require a Bank to call any such indebtedness prior to maturity of the advance. The Bank shall deem any such liquidation a prepayment of the member's indebtedness, and the member shall be subject to any fees applicable to such prepayment.

[58 FR 29469, May 20, 1993. Redesignated at 65 FR 8256, Feb. 18, 2000 and further redesignated at 65 FR 44430, July 18, 2000]