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FHFA RIN: 2590-AA21 Publication ID: Spring 2009 
Title: ●Capital Classifications and Critical Capital Levels for the Federal Home Loan Banks  
Abstract: FHFA issued an interim final rule that implemented specific requirements of the Federal Housing Regulatory Reform Act, Division A of the Housing and Economic Recovery Act of 2008 (HERA) by establishing criteria based on the amount and type of capital held by a Federal Home Loan Bank (Bank) for each of the following capital classifications: Adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, and by defining the critical capital level for each Bank. The rule also implemented the prompt corrective action authority that HERA provides the Director of the FHFA for the Banks. 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1229   
Legal Authority: 12 USC 1426    12 USC 4513    12 USC 4526    12 USC 4613 to 4618    12 USC 4622 to 4623   
Legal Deadline:
Action Source Description Date
Final  Statutory  HERA, PL 110-289, 122 Stat 2654 mandate to issue rule by 180 days of enactment  07/30/2008 
Timetable:
Action Date FR Cite
Interim Final Rule  01/30/2009  74 FR 5595   
Interim Final Rule Effective  01/30/2009  74 FR 5595   
Interim Final Rule Comment Period End  04/30/2009    
Interim Final Rule Comment Period Extended  03/26/2009  74 FR 13083   
Final Action  To Be Determined    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.fhfa.gov; www.regulations.gov   Public Comment URL: www.regulations.gov or by email: RegComments@fhfa.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Thomas E. Joseph
Senior Attorney Advisor
Federal Housing Finance Agency
400 Seventh Street SW.,
Washington, DC 20219
Phone:202 649-3076
TDD Phone:800 877-8339
Email: thomas.joseph@fhfa.gov