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  • Comment Detail

  • Date: 09/10/14
    First Name: Sharon
    Last Name: Sakamoto
    Organization: University of Hawaii Federal Credit Union
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA39

  • Comment

    The Honorable Melvin L. Watt
    Director
    Federal Housing Finance Agency
    400 7th Street, SW
    Washington, D.C. 20024

    Dear Director Watt:

    On behalf of the University of Hawaii Federal Credit Union with over $550 million in assets and 29,000 members, I am writing you to request additional time to comment on the Federal Housing Finance Agency (FHFA) proposed rule RIN 2590-AA39 Members of Federal Home Loan Banks.

    The proposed rule is complex that would result in profound changes to longstanding regulations and policies concerning FHLBanks. The proposal is likely to have a significant impact not only on FHLBanks, but also on credit unions and additional stakeholders as well as the communities across the nation served by them.

    In December 2010, when the FHFA published its advance notice of proposed rulemaking (ANPR) on this matter, the agency provided a 90-day comment period. Because of the length of time that has passed, and because of the need for stakeholders to fully assess the impact of the proposed rule, I respectfully request a 60-day extension of the comment period.

    Thank you very much for your time regarding this matter.

    Sincerely,

    Sharon Sakamoto
    Vice President, Finance & Compliance