Law governing rights and obligations of Banks, FHFA, Office of Finance, United States and Federal Reserve Banks; rights of any Person against Banks, FHFA, Office of Finance, United States and Federal Reserve Banks

Law governing other interests

Creation of Participant's Security Entitlement; security interests

Obligations of the Banks and the Office of Finance; no Adverse Claims

Authority of Federal Reserve Banks

Liability of Banks, FHFA, Office of Finance and Federal Reserve Banks

Additional requirements; notice of attachment for Book-entry consolidated obligations

Reference to certain Department of Treasury commentary and determinations

Consolidated obligations are not obligations of the United States or guaranteed by the United States