View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

FHFA RIN: 2590-AB24 Publication ID: Fall 2023 
Title: Federal Home Loan Bank Directors 

The Federal Home Loan Bank Directors regulation (12 CFR part 1261) requires that each Federal Home Loan Bank: (1) hold at least six in-person” board meetings each year; and (2) establish a compensation policy for its directors which, among other things, must require that the compensation of individual directors be reduced as necessary to reflect lesser attendance or performance at board or committee meetings by those directors during the course of the year.  The regulation governing the Office of Finance (12 CFR part 1273) includes similar requirements for the Office of Finance and its board of directors. This proposed rule would amend both regulations to clarify what constitutes an in-person” board meeting and possibly revise or clarify the related requirements to reflect the greater prevalence of remote work in the wake of the COVID-19 pandemic.  The proposed rule would also make various other minor technical and clarifying changes to the regulations.

The Agency's inclusion of this rule is based partially on requests from the Federal Home Loan Banks and their boards of directors.

Agency: Federal Housing Finance Agency(FHFA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1261    12 CFR 1273   
Legal Authority: 12 U.S.C. 1426    12 U.S.C. 1427    12 U.S.C. 1431    12 U.S.C. 1432    12 U.S.C. 1440    12 U.S.C. 4511    12 U.S.C. 4511(b)    12 U.S.C. 4513    12 U.S.C. 4514(a)    12 U.S.C. 4526    12 U.S.C. 4526(a)   
Legal Deadline:  None
Action Date FR Cite
NPRM  11/00/2023 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:;   Public Comment URL:;  
RIN Data Printed in the FR: No 
Agency Contact:
Eric Raudenbush
Managing Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3084