By regulation adopted a year ago, the Federal Housing Finance Board (“Finance Board”) required, as a milestone toward full registration, that each Federal Home Loan Bank (“Bank”) file an initial registration statement with the Securities and Exchange Commission (“SEC”) by June 30, 2005. Nine Banks have filed their initial registration statements with the SEC.
The remaining Banks continue to resolve outstanding issues with the SEC and their external auditors as a precondition to their initial SEC filings. Those issues relate to accounting treatments used in connection with certain of the Banks’ debt and hedging. The Banks that have not yet filed their initial registration statements are Atlanta, Des Moines and Topeka.
Under the Finance Board’s regulation, all 12 Banks are to have effective registration statements by August 29, 2005.
The initial registration statements for the Boston, Cincinnati, Chicago, Dallas, Indianapolis, New York, Pittsburgh, San Francisco and Seattle Banks can be found on the SEC’s EDGAR system at www.sec.gov.