Federal Housing Finance Agency Print
Home / Supervision & Regulation / Federal Register / Responsibilities of Boards of Directors, Corporate Practices, and Corporate Governance

Responsibilities of Boards of Directors, Corporate Practices, and Corporate Governance

Open Date:
Open for comment 4/6/2018
Deadline:
All comments are due by 6/5/2018
Type:
Notice of Proposed Rulemaking
Number:
RIN-2590-AA90
Group:
Fannie Mae; Federal Home Loan Banks; Freddie Mac; Office of Fianance
Fannie Mae; FHLBanks; Freddie Mac; Office of Finance
Document Number:
2018–07044
CFR:
12 CFR Parts 1239 and 1273
CFR Description:
Responsibilities of Boards of Directors, Corporate Practices, and Corporate Governance; Office of Finance
Federal Register Publish Date:
View Document:
 
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Daniel Callis, Principal Risk Analyst, Office of the Chief Accountant, at Daniel.Callis@fhfa.gov or (202) 649–3448, or Ming-Yuen Meyer-Fong, Office of General Counsel, at Ming-Yuen.Meyer-Fong@fhfa.gov or (202) 649–3078 (these are not toll-free numbers), 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Related Documents:
 

There are currently no related dockets for the selected rule.

​SUMMARY:  The Federal Housing Finance Agency (FHFA) is proposing to amend its regulation on the Responsibilities of Boards of Directors, Corporate Practices, and Corporate Governance for its regulated entities. The proposed rule
would amend the existing regulation pertaining to Federal Home Loan Bank strategic business plans so that it would apply as well to the Enterprises, and would make a number of adjustments and conforming changes to the existing
regulation. As amended, the regulation would require that the board of directors of each regulated entity have in effect at all times a strategic business plan that describes how the regulated entity’s business activities will achieve its
statutory purposes. The proposed rule would retain the provision that requires each regulated entity’s board of directors to review the strategic business plan at least annually, re-adopt it at least once every three years, and establish reporting requirements for and monitor implementation of the strategic business plan. The proposed rule would add a new provision regarding current and emerging business risks, repeal two outdated provisions of the existing regulation, and make a conforming change to the Office of Finance Board of Directors regulation.

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.

Enter numbers or words provided
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.

© 2024 Federal Housing Finance Agency