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FHFA | RIN: 2590-AB32 | Publication ID: Fall 2024 |
Title: Federal Home Loan Bank Core Mission Activities | |
Abstract:
FHFA’s regulation on Federal Home Loan Bank Core Mission Activities describes the public policy mission of the FHLBanks and lists the FHLBank 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 FHLBanks with minimum targets through guidance. The proposed rule would amend the regulation to update the description of the FHLBanks’ mission, update the expectations for demonstrating mission achievement and the list of activities that constitute mission activities, and require each FHLBank to develop policies under which it would provide added benefits to members with a strong and demonstrable connection to the FHLBanks’ mission. 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 will incorporate appropriate stakeholder input received as part of FHFA’s Federal Home Loan Bank System at 100 initiative. |
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Agency: Federal Housing Finance Agency(FHFA) | Priority: Other Significant |
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 1265 12 CFR 1266 12 CFR 1277 | |
Legal Authority: 12 U.S.C. 1422 12 U.S.C. 1424 12 U.S.C. 1426 12 U.S.C. 1427 12 U.S.C. 1430 12 U.S.C. 1431 12 U.S.C. 1432 12 U.S.C. 4511 12 U.S.C. 4513 12 U.S.C. 4526 |
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: 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 Email: amy.bogdon@fhfa.gov Mark Laponsky Deputy General Counsel Federal Housing Finance Agency 400 Seventh Street SW, Washington, DC 20219 Phone:202 649-3054 Email: mark.laponsky@fhfa.gov |