Federal Housing Finance Agency Print
Home / Supervision & Regulation / Federal Register / Federal Home Loan Bank Membership for Community Development Financial Institutions

Federal Home Loan Bank Membership for Community Development Financial Institutions

Open Date:
Open for comment
Deadline:
All comments are due by
Type:
Final Rule
Number:
RIN-2590-AA18
Group:
Supervision and Regulation; Federal Home Loan Banks
FHLBanks
Document Number:
E9-31003
CFR:
12 CFR 1263; 12 CFR 1290; 12 CFR 925; 12 CFR 944
CFR Description:
 
Federal Register Publish Date:
1/5/2010
Federal Register Citation:
View Document:
 
Contact Information:

​Sylvia C. Martinez, Senior Policy Advisor, (202) 408–2825, sylvia.martinez@fhfa.gov; Amy Bogdon, Senior Advisor, (202) 408–2546, amy.bogdon@fhfa.gov, Division of Federal Home Loan Bank Regulation; Neil R. Crowley, Deputy General Counsel, (202) 343–1316, neil.crowley@fhfa.gov (not toll-free numbers), Office of General Counsel, Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. The telephone number for the Telecommunications Device for the Deaf is (800) 877–8339.

Related Documents:
 

There are currently no related dockets for the selected rule.

​SUMMARY: The Federal Housing Finance Agency (FHFA) is amending its membership regulations to implement provisions of the Housing and Economic Recovery Act of 2008 (HERA) that authorized community development financial institutions (CDFIs) that have been certified by the CDFI Fund of the U.S. Treasury Department (CDFI Fund) to become members of a Federal Home Loan Bank (Bank). The newly-eligible CDFIs include community development loan funds, venture capital funds, and State-chartered credit unions without Federal insurance. This final rule sets out the eligibility and procedural requirements that will enable CDFIs to become members of a Bank and relocates part 925 in its entirety to part 1263. FHFA also is amending its community support regulations to provide that certified CDFIs may be presumed to be in compliance with the statutory community support requirements by virtue of their certification by the CDFI Fund and relocates part 944 in its entirety to part 1290.

DATES: This rule is effective February 4, 2010.

FOR FURTHER INFORMATION CONTACT: Sylvia C. Martinez, Senior Policy Advisor, (202) 408–2825, sylvia.martinez@fhfa.gov; Amy Bogdon, Senior Advisor, (202) 408–2546, amy.bogdon@fhfa.gov, Division of Federal Home Loan Bank Regulation; Neil R. Crowley, Deputy General Counsel, (202) 343–1316, neil.crowley@fhfa.gov (not toll-free numbers), Office of General Counsel, Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. The telephone number for the Telecommunications Device for the Deaf is (800) 877–8339.

Submit a Comment
NOTE: To ensure file attachments are received, make certain file names do NOT include characters such as ~ # % & * { } \ : < > ? / |, that file names are short and concise, and that the file does not exceed 50MB. If you have trouble submitting input or uploading documents to attach to your input, please contact FHFAwebmaster@FHFA.gov or call (202) 649-3031 for assistance.

Privacy Act Notice

This notice is provided pursuant to the Privacy Act of 1974 (Privacy Act), as amended, 5 U.S.C. 552a. The collection of information is to process and/or respond to your complaint, appeal, inquiry, request for information, to review and post comments on proposed rules/regulations, to review feedback received on FHFA proposed or implemented initiatives, and to compile a list of potential vendors and contractors. The records are used in accordance with Systems of Records Notices (SORN), FHFA-3 Correspondence Tracking System, FHFA-20 Telecommunications System, and FHFA-22 Online Forms. You can view these SORNs by clicking here and here and here . Although providing this information is voluntary, failure to provide the requested information may result in your complaint, appeal, inquiry, request, comment, or feedback not being processed and may make it more difficult for FHFA to respond to you.

© 2019 Federal Housing Finance Agency