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FHFA RIN: 2590-AB32 Publication ID: Fall 2023 
Title: ●Federal Home Loan Bank Core Mission Activities 

FHFA’s regulation on Federal Home Loan Bank Core Mission Activities describes the public policy mission of the Banks and lists the Bank 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 Banks with minimum targets through guidance. This proposed rule would amend the regulation to update the description of the Banks’ mission and expand the expectations for demonstrating mission achievement and the activities that constitute mission activities. The proposed rule may also make 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 may be based on 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: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1265    12 CFR 1239   
Legal Authority: 12 U.S.C. 1422    12 U.S.C. 1424    12 U.S.C. 1430    12 U.S.C. 4511    12 U.S.C. 4513    12 U.S.C. 4526   
Legal Deadline:  None
Action Date FR Cite
NPRM  04/00/2024 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:;   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

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