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FHFA RIN: 2590-AA24 Publication ID: Fall 2010 
Title: Use of Community Development Loans by CFIs To Secure Advances; Secured Lending by FHL Banks to Members and Their Affiliates; Transfer of Advances and New Business Activity Regulations 
Abstract: This regulation would implement provisions in the Housing and Economic Recovery Act of 2008 that expand the types of collateral to secure advances that the Federal Home Loan Banks (Banks) can accept from community financial institution (CFI) members to include loans for community development and that allow the Banks to make long-term advances to CFI members for purposes of financing community development. The regulation also would make other changes to the advances regulation including incorporating a long-standing position that any secured lending by a Bank to a member is deemed to be and advance subject to the requirements governing advances and extend that position to included affiliates of members. It would also make technical changes by relocating the advances and new business activity regulations to the Federal Housing Finance Agency regulations. 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 950    12 CFR 980    12 CFR 1266    12 CFR 1272   
Legal Authority: 12 USC 1426    12 USC 1429    12 USC 1430, 1430(b)    12 USC 1431, 1431(a), 1432(a)    12 USC 4511(b)    12 USC 4513    12 USC 4526(a)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/23/2010  75 FR 7990   
NPRM Comment Period End  04/26/2010    
Final Action  12/00/2010    
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:
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