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FHFA RIN: 2590-AB24 Publication ID: Fall 2024 
Title: Federal Home Loan Bank System Boards of Directors and Executive Management 
Abstract:

The proposed rule would amend FHFA’s regulations on Responsibilities of Boards of Directors, Corporate Practices, and Corporate Governance, Federal Home Loan Bank Directors, and the Office of Finance to address a number of corporate governance-related issues. Primarily, the proposed rule would update and clarify regulatory requirements on: (1) FHFA’s annual designation of Federal Home Loan Bank directorships; (2) Federal Home Loan Bank director eligibility and professional qualifications; (3) nomination, election, and removal of Federal Home Loan Bank directors; (4) the conduct of Federal Home Loan Bank System board and committee meetings; (5) Federal Home Loan Bank director compensation; (6) Federal Home Loan Bank employee conflicts of interest; and (7) the respective responsibilities of Federal Home Loan Bank System boards of directors and executive management.

Development of this proposed rule is based partially on stakeholder input received as part of FHFA's Federal Home Loan Bank System at 100 initiative, as well as 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 1239    12 CFR 1261    12 CFR 1273   
Legal Authority: 12 U.S.C. 1426    12 U.S.C. 1427    12 U.S.C. 1432    12 U.S.C. 4511    12 U.S.C. 4513    12 U.S.C. 4514    12 U.S.C. 4526   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/04/2024  89 FR 87730   
NPRM Comment Period End  02/03/2025 
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 
Related RINs: Related to 2590-AB28 
Agency Contact:
Janna Bruce
Financial Analyst, Division of Federal Home Loan Bank Regulation
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3202
Email: janna.bruce@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