The Federal Housing Finance Board (Finance Board) today approved a request from the Federal Home Loan Bank of Atlanta to amend the Bank’s capital structure plan. The amendments include the removal of obsolete transition-related provisions, the addition of new definitions, and the clarification of certain other provisions, such as those related to the ownership and transfer of capital stock among members, former members, and non-member stockholders. The amendments are primarily technical in nature and are not expected to affect members’ activity with the Bank.
Also today, the Finance Board voted to reappoint Terry Smith, President of the Federal Home Loan Bank of Dallas, to the board of directors of the Office of Finance (OF), which issues and services all debt for the FHLBanks.