Federal Housing Finance Board September 2010 – Federal Register Recent Federal Regulation Documents

Information Sharing Among Federal Home Loan Banks
Document Number: 2010-24578
Type: Proposed Rule
Date: 2010-09-30
Agency: Federal Housing Finance Board, Agencies and Commissions, Federal Housing Finance Agency
Section 1207 of the Housing and Economic Recovery Act of 2008 (HERA) amended the Federal Home Loan Bank Act (Bank Act) to require the Federal Housing Finance Agency (FHFA) to make available to each Federal Home Loan Bank (Bank) information relating to the financial condition of all other Banks. Section 1207 also requires FHFA to promulgate regulations to facilitate the sharing of such information among the Banks. This proposed rule would implement those HERA provisions, and also would transfer to new part 1260, without substantive change, existing regulations of the former Federal Housing Finance Board (Finance Board) relating to the filing of regulatory reports by the Banks.