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Approval Letters, which were first issued in 1998, are written statements issued to a Federal Home Loan Bank or the Office of Finance approving a transaction, activity, or item that requires Federal Housing Finance Board approval under the Federal Home Loan Bank Act or a Finance Board rule, regulation, policy, or order. The authority to issue, and the procedure for applying for, an Approval Letter are found in sections 907.3, 907.6, and 907.7 of the Finance Board's Procedures regulation (12 C.F.R. §§ 907.3, 907.6, and 907.7). Approval Letters are numbered in sequence by year with the prefix “APP”, e.g., 1998-APP-##. |