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News Release

FHFA Adopts Final Rule Amending Minority and Women Inclusion Regulations for the Federal Home Loan Banks and Office of Finance

FOR IMMEDIATE RELEASE
4/30/2015

Washington, D.C. – The Federal Housing Finance Agency (FHFA) has adopted a final rule requiring the Federal Home Loan Banks (Banks) and the Office of Finance to include demographic data related to their boards of directors in their annual minority and women inclusion reports to FHFA.  The final rule also requires that the Banks and the Office of Finance include a description of their outreach activities and strategies to promote diversity in nominating or soliciting nominees for positions on boards of directors.

The Final Rule furthers FHFA’s statutory responsibilities under the Housing and Economic Recovery Act of 2008 and reflects FHFA’s focus on ensuring diversity in the governance, management, employment and business activities of the entities it regulates.   The final rule goes into effect 60 days after publication in the Federal Register.

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The Federal Housing Finance Agency regulates Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks. These government-sponsored enterprises provide more than $5.6 trillion in funding for the U.S. mortgage markets and financial institutions. Additional information is available at www.FHFA.gov, on Twitter @FHFA, YouTube and LinkedIn.
Contacts:

Media:  Corinne Russell (202) 649-3032 / Stefanie Johnson (202) 649-3030 
Consumers: Consumer Communications or (202) 649-3811

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