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Federal Home Loan Bank New Business Activities

Open Date:
Open for comment 8/23/2016
Deadline:
All comments are due by 10/24/2016
Type:
Notice of Proposed Rulemaking
Number:
RIN-2590-AA84
Group:
 
FHLBanks; Office of Finance
Document Number:
2016-19858
CFR:
12 CFR Part 1272
CFR Description:
NEW BUSINESS ACTIVITIES
Federal Register Publish Date:
View Document:
 
Contact Information:

​FOR FURTHER INFORMATION CONTACT: Lara Worley, Principal Financial Analyst, Lara.Worley@FHFA.gov, 202-649-3324, Division of Federal Home Loan Bank Regulation; or Winston Sale, Assistant General Counsel, Winston.Sale@FHFA.gov, 202-649-3081 (these are not toll-free numbers), Office of General Counsel (OGC), Federal Housing Finance Agency, Constitution Center, 400 Seventh Street SW., Washington, DC 20219.  If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

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​SUMMARY: The proposed rule would modify a part of the Federal Housing Finance Agency (FHFA) regulations, which addresses requirements for the Federal Home Loan Banks' (Banks) new business activities (NBAs). The proposed rule would reduce the scope of NBAs for which the Banks must seek approval from FHFA and would establish new timelines for agency review and approval of NBA notices. The proposed rule also would reorganize a part of our regulations to clarify the protocol for FHFA review of NBAs.

DATES: FHFA must receive written comments on or before October 24, 2016.

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