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Annual Adjustment of the Cap on Average Total Assets That Defines Community Financial Institutions

Notice Details
Type
Notice
Number
2021-N-1
Group
FHL Banks
Document Number
2021-01267
Federal Register Publish Date
01/22/2021
Federal Register Citation
86 FR 6650
PDF Format
Comment Status
Closed

Annual Adjustment of the Cap on Average Total Assets That Defines Community Financial Institutions

Contact Information

FOR FURTHER INFORMATION CONTACT: James Hedrick, Division of Federal Home Loan Bank Regulation, (202) 649-3319, James.Hedrick@fhfa.gov; or R. Winston Sale, Assistant General Counsel, (202) 649-3081, Winston.Sale@fhfa.gov, (not toll-free numbers), Federal Housing Finance Agency, Constitution Center, 400 Seventh Street SW, Washington, DC 20219.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA) has adjusted the cap on average total assets that is used in determining whether a Federal Home Loan Bank (Bank) member qualifies as a ``community financial institution'' (CFI) to $1,239,000,000, based on the annual percentage increase in the Consumer Price Index for all urban consumers (CPI-U), as published by the Department of Labor (DOL). These changes took effect on January 1, 2021.