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Capital Classifications and Critical Capital Levels for the Federal Home Loan Banks; Extension of Comment Period

Publication Details
Type
Interim Final Rule
Document Number
E9-6780
Federal Register Publish Date
03/26/2009
Federal Register Citation
74 FR 13083
PDF Format
Comment Open Date
03/26/2009
Comment End Date
05/15/2009
Comment Status
Closed
Rulemaking Details
Rulemaking

Capital Classifications and Critical Capital Levels for the Federal Home Loan Banks; Extension of Comment Period

Contact Information

FOR FURTHER INFORMATION CONTACT: Julie Paller, Senior Financial Analyst, (202) 408-2842, and Anthony Cornyn, Senior Associate Director, (202) 408-2522, Division of Federal Home Loan Bank Regulation, Federal Housing Finance Agency, 1625 Eye Street, NW., Washington, DC 20006; or Thomas E. Joseph, Senior Attorney-Advisor, (202) 408-2512, Office of General Counsel, Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. ​If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​

Summary

​SUMMARY: The Federal Housing Finance Agency (FHFA) published in the Federal Register of January 30, 2009, an interim final rule with request for comments that implemented the statutory requirement of the Housing and Economic Recovery Act of 2008 that FHFA specify critical capital levels for the Federal Home Loan Banks (Bank(s)). Specifically, the interim final rule defined the critical capital level for each Bank; established criteria based on the amount and type of capital held by a Bank for each of the following capital classifications: adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized; and delineated FHFA’s prompt corrective action authority over the Banks.

The e-mail address to submit comments that was listed in the interim final rule of January 30, 2009, was incorrect. The correct e-mail address is listed below. To compensate for this error, FHFA is extending the comment period 15 days until May 15, 2009, to allow all interested parties additional time to submit comments on the interim final rule.

DATES: Comments on the interim final rule must be received on or before May 15, 2009. For additional information, see SUPPLEMENTARY INFORMATION.