SUMMARY: The Federal Housing Finance Board (Finance Board) is proposing to adopt a regulation requiring each Federal Home Loan Bank (Bank) to prepare and make public certain disclosures relating to its business and financial condition. Each Bank will satisfy these disclosure requirements by voluntarily registering a class of its securities with the Securities and Exchange Commission (SEC) under the provisions of section 12(g) of the Securities Exchange Act of 1934. By voluntarily registering a class of its securities, each Bank will subject itself to the 1934 Act’s periodic disclosure regime, as interpreted and administered by the SEC.

DATES: Written comments on the proposed regulation must be received by January 15, 2004.

ADDRESSES: Send comments by electronic mail to comments@fhfb.gov, by facsimile to (202) 408–2530, or by regular mail to the Federal Housing Finance Board, 1777 F Street, NW., Washington, DC 20006, Attention: Public Comments.