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FHFA | RIN: 2590-AB19 | Publication ID: Spring 2022 |
Title: ●Members of Federal Home Loan Banks | |
Abstract:
This proposed rule would amend FHFA’s regulation on Bank membership to: improve fairness and consistency of treatment of different member types (i.e., insured depository institutions, insurance companies, and CDFIs) under the regulation; prevent circumvention of the membership eligibility requirements; clarify FHFA’s expectations of the Banks regarding their applicant review and due diligence duties to improve safety and soundness; and reorganize and update the regulation to improve conceptual coherence among topics, include new sections, delete obsolete language, and move sections more appropriate to the Bank capital regulation. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Other Significant |
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 1263 | |
Legal Authority: 12 U.S.C. 1422, 12 U.S.C. 1423 12 U.S.C. 1424, 12 U.S.C. 1426 12 U.S.C. 1430, 12 U.S.C. 1442 12 U.S.C. 4511, 12 U.S.C. 4513 |
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 | |
Agency Contact: Winston Sale Assistant General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3081 Email: winston.sale@fhfa.gov Eric Raudenbush Managing Associate General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3084 Email: eric.raudenbush@fhfa.gov |