However, new agreement also specifies the S&L's designation since the an earnings outlet "is for the sole purpose of promoting" currency instructions. Ergo, as the contract entitles new S&L to sell FHLB currency requests, it generally does not interrupt the fresh legal rights and you will liabilities described over.
That the S&Ls can get mark by the check on financing kept in their eyes by the latest FHLB, but not, doesn't answer comprehensively the question away from if the FHLB features authority to hold particularly finance to own purposes of celebrating currency order checks, or perhaps to engage in associated control and retail points.