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FHFA RIN: 2590-AB42 Publication ID: Spring 2024 
Title: ●Federal Home Loan Bank Member Creditworthiness Evaluation 
Abstract:

The proposed rule would amend FHFA’s regulation on Federal Home Loan Bank Advances to state clearly that each FHLBank’s primary method of credit risk mitigation must be robust credit underwriting, as opposed to over-reliance on collateral.  It is expected that, in conjunction with this rulemaking, FHFA will issue updated guidance related to ongoing evaluations of member credit with the goal of the FHLBanks working with their members and their members’ primary regulators to identify concerns before they precipitate impairment of a member’s ability to receive advances.

 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1264    12 CFR 1266   
Legal Authority: 12 U.S.C. 1429    12 U.S.C. 1430    12 U.S.C. 1430b    12 U.S.C. 4511    12 U.S.C. 4513    12 U.S.C. 4526   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/00/2024 
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:
Amy Bogdon
Associate Director, Ofc of Regulatory Policy and Programs, Div of Federal Home Loan Bank Regulation
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3320
Email: amy.bogdon@fhfa.gov

Eric Raudenbush
Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3084
Email: eric.raudenbush@fhfa.gov