← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Federal Home Loan Bank Community Support Program-Administrative Amendments

FHFA · final-rule · Published 2015-05-28 · Effective 2015-06-29 · 80 FR 30336

Document

Document number
2015-12807
Federal Register citation
80 FR 30336
CFR reference
12 CFR 1290
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Housing Finance Agency
Publication date
2015-05-28
Effective date
2015-06-29

Abstract

The Federal Housing Finance Agency (FHFA) is issuing a final rule amending its community support regulation to streamline and simplify the administrative process requirements under the regulation. The amendments will not affect the substantive requirements of the regulation, which include FHFA review and assessment of applicable members of the Federal Home Loan Banks (Banks) every two years, or change the criteria for determining member compliance with the community support standards and eligibility for access to long-term Bank advances. The amendments will replace the current process of selecting one-eighth of all applicable members for eight quarterly reviews by FHFA over a two-year review cycle, with a new process of FHFA reviewing all applicable members at the same time every two years.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown