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FHFA RIN: 2590-AB32 Publication ID: Spring 2025 
Title: Federal Home Loan Bank Core Mission Activities 
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The proposed rule is withdrawn.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.  

 
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   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Withdrawn  04/07/2025 
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 
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