View Rule
| View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
| FHFA | RIN: 2590-AA38 | Publication ID: Fall 2015 |
| Title: Federal Home Loan Bank Community Support Program - Administrative Amendments | |
|
Abstract:
Section 10(g) of the Federal Home Loan Bank Act requires the Director of the Federal Housing Finance Agency (FHFA) to adopt regulations establishing standards of community investment or service for Federal Home Loan Bank (Bank) members to maintain continued access to long-term Bank advances. This final rule amends FHFA's community support regulation to streamline and simplify the administrative process requirements under the regulation. The amendments do not affect the substantive requirements of the regulation, which include FHFA review and assessment of applicable members of the Banks every two years, or change the criteria for determining member compliance with the community support standards and eligibility for access to long-term Bank advances. The amendments replaced the prior process of selecting one eighth of all applicable members for eight quarterly reviews by FHFA over a two-year review cycle, with a new process of FHFA reviewing all applicable members at the same time every two years.
|
|
| Agency: Federal Housing Finance Agency(FHFA) | Priority: Other Significant |
| RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Completed Actions |
| Major: No | Unfunded Mandates: No |
| CFR Citation: 12 CFR 1290 | |
| Legal Authority: 12 U.S.C. 1430(g) 12 U.S.C. 4511 12 U.S.C. 4513 | |
|
Legal Deadline:
None |
||||||||||||
Timetable:
|
| 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: Kevin Sheehan Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3086 Email: kevin.sheehan@fhfa.gov Sharon Like Managing Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3057 Email: sharon.like@fhfa.gov |
|
An official website of the United States government



