SUMMARY:  The Federal Housing Finance Agency (FHFA or the Agency) is proposing to revise regulations addressing boards of directors and overall corporate governance of the Federal Home Loan Banks (Banks) and the Bank System’s Office of Finance (OF) to update and clarify regulatory requirements on a variety of topics including:  FHFA’s annual designation of Bank directorships; Bank director eligibility and professional qualifications; nomination, election, and removal of Bank directors; the conduct of System board and committee meetings; conflicts of interest; and the respective responsibilities of System boards of directors and executive management.

DATES:  Written comments must be received on or before February 3, 2025.