Publication Details
Type
Final Rule
Document Number
E9-24063
Federal Register Publish Date
10/07/2009
Federal Register Citation
Comment Open Date
09/26/2008
Comment End Date
11/25/2008
Comment Status
Closed
Effective Date
11/06/2009
Rulemaking Details
Rulemaking
Federal Home Loan Bank Boards of Directors: Eligibility and Elections
12/01/2009
Number
RIN-2590-AA03
Group
FHL Banks
CFR
12 CFR 1261
Effective Date
Federal Home Loan Bank Boards of Directors: Eligibility and Elections
Contact Information
FOR FURTHER INFORMATION CONTACT: Thomas P. Jennings, Senior Attorney Advisor, thomas.jennings@fhfa.gov, (202) 414-8948; or Patricia L. Sweeney, Management Analyst, pat.sweeney@fhfa.gov, (202) 408-2872.
Summary
SUMMARY: The Federal Housing Finance Agency (FHFA) is adopting a final regulation on the eligibility and election of Federal Home Loan Bank (Bank) directors. The final rule implements section 1202 of the Housing and Economic Recovery Act of 2008, which amended section 7 of the Federal Home Loan Bank Act (Bank Act) as it relates to the eligibility and election of individuals to serve on the boards of directors of the Banks.
DATES: This final rule will become effective on November 6, 2009.