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FHFB RIN: 3069-AB11 Publication ID: Spring 2002 
Title: Unsecured Credit Limits 
Abstract: The Finance Board amended the unsecured credit provisions of the capital rule to require FHLBanks to base unsecured credit limits on the long-term credit rating of a counterparty, change the amount of unsecured credit that a FHLBank can extend to a Government-sponsored enterprise, and adjust the limits on overnight Federal funds transactions and on the amount of unsecured credit that can be extended to groups of affiliated counterparties. The amendments also clarified how an FHLBank calculates its credit exposure from on- and off-balance sheet items and derivative contracts, and made other clarifying and technical changes to the rule. 
Agency: Federal Housing Finance Board(FHFB)  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 932.9   
Legal Authority: 12 USC 1422b(a), 12 USC 1422(a)(3)    12 USC 1426    12 USC 1440   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  03/07/2001  66 FR 13688   
NPRM Comment Period End  04/23/2001    
NPRM  08/08/2001  66 FR 41474   
NPRM Comment Period End  09/07/2001    
Final Action  12/27/2001  66 FR 66718   
Final Action Effective  03/27/2002    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
Agency Contact:
Thomas E. Joseph
Senior Attorney Advisor
Federal Housing Finance Board
1625 I Street NW.,
Washington, DC 20006
Phone:202 408-2512
Fax:202 408-2580
Email: josepht@fhfb.gov