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Advisory Bulletin

Rescission of Division of Bank Regulation Advisory Bulletins

Number: AB 2013-04
Pertains To: FHLB & Office of Finance
7/16/2013

​ADVISORY BULLETIN

AB 2013-04

Rescission of Division of Bank Regulation Advisory Bulletins

 

Background

In an effort to keep all guidance related to the examination process current, the Federal Housing Finance Agency (FHFA) undertook a review of all outstanding Advisory Bulletins (AB) that have been issued by the Federal Housing Finance Board (Finance Board) or the FHFA that related to the examination of the Federal Home Loan Banks (FHLBanks). An AB reflects FHFA’s position on a supervisory matter and the guidance is relied upon by our examination staff as part of the oversight of FHLBanks.

We reviewed all outstanding ABs issued from 1996 to the present. Criteria for rescission included guidance that related to actions that have been completed, guidance that has been codified in FHFA regulations or superseded by other guidance, and guidance that was deemed no longer relevant or applicable in the current environment. In some cases, the guidance was replaced through the issuance of amended ABs, the issuance of Regulatory Reporting Updates, or inclusion in the FHFA Data Reporting Manual. In other cases, the guidance references former Finance Board regulations that are no longer in existence.

Guidance

This Advisory Bulletin rescinds 29 ABs issued between 1996 and 2007 by the Finance Board relating to the examination of the FHLBanks. The rescinded AB, the reason for rescission, and the guidance that replaced it, if any, are listed in the attachment. The reason the AB is rescinded is because of one of the following reasons:

  • Outdated – The document is no longer needed.

  • Replaced – The document is superseded by subsequent guidance.

  • Incorporated – The document conveyed guidance that was incorporated in FHFA regulations.

The rescinded ABs are removed from active public files and placed into an FHFA internal file. 

Attachments:
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