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FHFA RIN: 2590-AA71 Publication ID: Spring 2015 
Title: Federal Home Loan Bank Capital Stock and Capital Plans 
Abstract:

This rule re-locates and re-adopts certain existing Federal Housing Finance Board rules that address Bank capital stock and capital plans. These rules were originally adopted to implement requirements in the Gramm-Leach-Bliley Act (GLB Act) that each Bank issue new forms of capital stock, subject to the minimum requirements in the GLB Act, and that each Bank develop a capital plan that established the rights, terms and preference for the new stock and the requirements for each Bank member's minimum investment in Bank stock. In addition to relocating these regulations, the rule makes certain technical changes to remove provisions that only address the Banks' now-completed, initial conversion to the GLB Act capital structure, and to clarify provisions that address when a Bank can require former Bank members to continue to hold Bank stock. The rule also codifies in the relocated regulations existing procedures concerning a Bank's submission for FHFA approval of amendments to a capital plan.

 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 931    12 CFR 933    12 CFR 1277   
Legal Authority: 12 U.S.C. 1426    12 U.S.C. 4513    12 U.S.C. 4526   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/08/2014  79 FR 60783   
NPRM Comment Period End  12/08/2014 
Final Rule  03/11/2015  80 FR 12753   
Final Rule Effective  04/10/2015 
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.regulations.gov; www.fhfa.gov   Public Comment URL: www.regulations.gov; www.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