Common use of FHLB PARTICIPATION IN THE MPF PROGRAM Clause in Contracts

FHLB PARTICIPATION IN THE MPF PROGRAM. Section 2.1. Participation in the MPF Program. Each Federal Home Loan Bank that executes this Agreement hereby agrees to participate in the MPF Program as an MPF Bank and to offer, at its election, Program Loan products to its PFIs under the terms and conditions of this Agreement and the FHLB Guide.