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FHFA RIN: 2590-AB41 Publication ID: Fall 2024 
Title: Federal Home Loan Bank Unsecured Credit Limits 
Abstract:

The proposed rule would amend the provision of FHFA’s regulation on Federal Home Loan Bank Capital Requirements establishing limits on unsecured extensions of credit to modify limits on Federal Home Loan Bank extensions of unsecured credit in their on- and off-balance sheet and derivative transactions. Currently, overnight federal funds are excluded from the more restrictive general limit” on unsecured credit to a single counterparty and are limited only by the higher overall limit.” The proposed rule would add interest bearing deposit accounts and other authorized overnight investments to that exclusion, which may provide greater flexibility and improved cost to yield than overnight federal funds.

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 1277   
Legal Authority: 12 U.S.C. 1426    12 U.S.C. 1431    12 U.S.C. 1436    12 U.S.C. 4511    12 U.S.C. 4513    12 U.S.C. 4526   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  10/03/2024  89 FR 80422   
NPRM Comment Period End  12/02/2024 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.fhfa.gov; www.regulations.gov   Public Comment URL: www.fhfa.gov; www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Jack Phelps
Assoc. Dir., Ofc of Capital Markets and Financial Analysis, Div of Federal Home Loan Bank Regulation
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 975-9704
Email: jack.phelps@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