View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
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:
|
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 |