Federal Housing Finance Board March 2006 – Federal Register Recent Federal Regulation Documents

Excess Stock Restrictions and Retained Earnings Requirements for the Federal Home Loan Banks
Document Number: E6-3689
Type: Proposed Rule
Date: 2006-03-15
Agency: Federal Housing Finance Board, Agencies and Commissions
The Federal Housing Finance Board (Finance Board) is proposing to add to its regulations provisions that would limit the amount of excess stock that a Federal Home Loan Bank (Bank) can have outstanding and that would prescribe a minimum amount of retained earnings for each Bank. The proposed amendments also would prohibit a Bank from selling excess stock to its members or paying stock dividends, and restrict a Bank's ability to pay dividends when its retained earnings are below the prescribed minimum.
Sunshine Act Meeting Notice; Announcing a Partially Open Meeting of the Board of Directors
Document Number: 06-2119
Type: Notice
Date: 2006-03-06
Agency: Federal Housing Finance Board, Agencies and Commissions