COMMUNITY FINANCIAL INSTITUTION MEMBERS.

SEC. 1211. COMMUNITY FINANCIAL INSTITUTION MEMBERS.(a) Total Asset Requirement.—Paragraph (10) of section 2 of the Federal Home Loan Bank Act (12 U.S.C. 1422(10)), as so redesignated by section 201(3) of this Act, is amended by striking “$500,000,000” each place such term appears and inserting “$1,000,000,000”.(b) Use of Advances for Community Development Activities.—Section 10(a) of the Federal Home Loan Bank Act (12 U.S.C. 1430(a)) is amended—(1) in paragraph (2)(B)—(A) by striking “and”; and(B) by inserting “, and community development activities” before the period at the end;(2) in paragraph (3)(E), by inserting “or community development activities” after “agriculture,”; and(3) in paragraph (6)—(A) by striking “and”; and(B) by inserting “, and ‘community development activities’ ” before “shall”.