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FHFA RIN: 2590-AB33 Publication ID: Fall 2024 
Title: Members of the Federal Home Loan Banks 
Abstract:

The proposed rule would amend FHFA’s regulation on Federal Hom Loan Bank (FHLBank) membership to:  improve fairness and consistency of treatment of different member types under the regulation; prevent circumvention of the membership eligibility requirements; clarify FHFA’s expectations of the FHLBanks 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 FHLBank capital regulation.

Aspects of the proposed rule will incorporate appropriate 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: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 12 CFR 1201    12 CFR 1263    12 CFR 1277   
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    12 U.S.C. 4526   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  02/00/2025 
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 
Agency Contact:
Julie Paller
Principal Financial Analyst, Div of Federal Home Loan Bank Regulation
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3201
Email: julie.paller@fhfa.gov

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