; and (5) select and effect the appointment of qualified persons to fill the office of the Chief Executive Officer of the Bank and such other offices as may be provided for in the bylaws of the Holding Company and the Federal Infrastructure Bank. (c) Earnings And reserves not Government funds The earnings and reserves of the Holding Company shall be the sole property of the Holding Company and are not Government funds or public funds. (d) Treatment of shareholders of the Formation Agent The Formation Agent shall issue equity securities of the Holding Company to each shareholder of the Formation Agent, in an amount that the Formation Agent determines has a value equal to the value of equity securities of the Formation Agent held by such shareholder upon the establishment of the Holding Company. 4. Establishment of the Federal Infrastructure Bank (a) In general The Formation Agent shall establish the Federal Infrastructure Bank as a Delaware corporation and the Bank shall be a wholly owned subsidiary of the Holding Company. (b) Federal banking charter The Comptroller of the Currency shall grant a national bank charter to the Bank. (c) Regional offices Within 5 years of the date of enactment of this Act, the Bank shall establish regional offices for the purpose of focusing on infrastructure projects in different areas of the United States. (d) Board of Directors The Board of Directors of the Holding Company established under section 3 shall be the initial Board of Directors of the Bank. (e) Earnings and reserves not government funds The earnings and reserves of the Bank are not Government funds or public funds. 5. Functions of the Bank (a) In general The Bank shall provide equity investments, direct loans, indirect loans, and loan guarantees to eligible entities for the planning, pre-development, design, construction, operations or maintenance of revenue-producing infrastructure projects in the United States with sufficient revenue sources and guarantees to support the interest and principal payments to the Bank.