12 U.S.C. § 1445
Section 1445 · Succession of Federal Home Loan Banks
Amended 3 times on record
Applied in 3 court decisions — leading case Fahey v. O'Melveny & Myers Federal Home Loan Bank of San Francisco v. O'Melveny & Myers (1952)
Most recently applied in Fairholme Funds, Inc. v. United States (March 2017)
How often courts cite this section
Court decisions citing this, by year.Markers show enactment, consequential amendments, and circuit splits over this section — watch for a citation surge after a change or a disagreement. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Each Federal Home Loan Bank shall have succession until dissolved by the Director under this chapter or by further act of Congress.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
2008—Pub. L. 110–289 substituted “the Director” for “the Board”.
1989—Pub. L. 101–73 substituted “Board” for “board”.