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FHFA RIN: 2590-AA24 Publication ID: Spring 2009 
Title: ●Community Financial Institution Amendments 
Abstract: This proposed rule would implement section 1211(a) of HERA, which amended the definition of “community financial institution” (CFI) in the Federal Home Loan Bank Act (Bank Act) to increase the average total asset cap for CFIs from $500 million to $1 billion, as adjusted annually for inflation. In addition, section 1211(b) of HERA amended the Bank Act to allow a CFI to access long-term Federal Home Loan Bank (Bank) advances for “community development activities,” and to use secured loans for community development activities as collateral for Bank advances. HERA also amended the Bank Act to require the FHFA to define the term “community development activities." 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1266   
Legal Authority: 12 USC 1422(10)    12 USC 1430(a)(2)(B)    12 USC 1430(a)(3)(E)    12 USC 1430(a)(6) (as amended)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  04/00/2009    
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: www.RegComments@fhfa.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Sharmeen Dosky-Bamarni
Senior Attorney Advisor
Federal Housing Finance Agency
1700 G Street NW.,
Washington, DC 20552
Phone:202 414-8949
TDD Phone:800 877-8339
Email: sharmeen.dosky@fhfa.gov