2590-AB24 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 2590 Federal Housing Finance Agency FHFA Federal Home Loan Bank Directors

The Federal Home Loan Bank Directors regulation (12 CFR part 1261) requires that each Federal Home Loan Bank: (1) hold at least six in-person” board meetings each year; and (2) establish a compensation policy for its directors which, among other things, must require that the compensation of individual directors be reduced as necessary to reflect lesser attendance or performance at board or committee meetings by those directors during the course of the year.  The regulation governing the Office of Finance (12 CFR part 1273) includes similar requirements for the Office of Finance and its board of directors. This proposed rule would amend both regulations to clarify what constitutes an in-person” board meeting and possibly revise or clarify the related requirements to reflect the greater prevalence of remote work in the wake of the COVID-19 pandemic.  The proposed rule would also make various other minor technical and clarifying changes to the regulations.

The Agency's inclusion of this rule is based partially on requests from the Federal Home Loan Banks and their boards of directors.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage Undetermined No 12 CFR 1261 12 CFR 1273 12 U.S.C. 1426 12 U.S.C. 1427 12 U.S.C. 1431 12 U.S.C. 1432 12 U.S.C. 1440 12 U.S.C. 4511 12 U.S.C. 4511(b) 12 U.S.C. 4513 12 U.S.C. 4514(a) 12 U.S.C. 4526 12 U.S.C. 4526(a) No NPRM 11/00/2023 No No None No No www.fhfa.gov; www.regulations.gov www.fhfa.gov; www.regulations.gov No No Eric Raudenbush Associate General Counsel 2590 Federal Housing Finance Agency FHFA 202 649-3084 eric.raudenbush@fhfa.gov 400 Seventh Street SW, Washington DC 20219