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| FHFA | RIN: 2590-AB32 | Publication ID: Spring 2025 |
| Title: Federal Home Loan Bank Core Mission Activities | |
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Abstract:
The proposed rule is withdrawn. FHFA’s regulation on Federal Home Loan Bank Core Mission Activities describes the public policy mission of the FHLBanks and lists the FHLBank activities that qualify as "core mission activities” consistent with that mission. The regulation does not itself establish any minimum measures or thresholds for mission activities or achievement, although FHFA has provided the FHLBanks with minimum targets through guidance. The proposed rule would have amended the regulation to update the description of the FHLBanks’ mission, update the expectations for demonstrating mission achievement and the list of activities that constitute mission activities, and require each FHLBank to develop policies under which it would provide added benefits to members with a strong and demonstrable connection to the FHLBanks’ mission. The proposed rule may have also made conforming amendments to related FHFA regulations such as the regulation on Responsibilities of Boards of Directors, Corporate Practices, and Corporate Governance. Aspects of the proposed rule would have incorporated appropriate stakeholder input received as part of FHFA’s Federal Home Loan Bank System at 100 initiative. |
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| 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 |
| EO 14192 Designation: Independent agency | |
| CFR Citation: 12 CFR 1239 12 CFR 1265 12 CFR 1266 12 CFR 1277 | |
| Legal Authority: 12 U.S.C. 1422 12 U.S.C. 1424 12 U.S.C. 1426 12 U.S.C. 1427 12 U.S.C. 1430 12 U.S.C. 1431 12 U.S.C. 1432 12 U.S.C. 4511 12 U.S.C. 4513 12 U.S.C. 4526 | |
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Legal Deadline:
None |
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Timetable:
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| 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.fhfa.gov; www.regulations.gov |
| RIN Data Printed in the FR: No | |
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Agency Contact: Winston Sale Acting Managing Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3081 Email: winston.sale@fhfa.gov |
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