CFR > Title 12 - Banks and Banking > CHAPTER IX—FEDERAL HOUSING FINANCE BOARD > SUBCHAPTER H—FEDERAL HOME LOAN BANK LIABILITIES (parts 965 to 969) > PART 966—CONSOLIDATED OBLIGATIONS > 966.4—Form of consolidated obligations.

966.4—Form of consolidated obligations.

(a) All consolidated obligations shall be issued in pari passu.
(b) Consolidated obligations with maturities of one year or less may be designated consolidated notes.