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

Notice Details
Type
Notice
Number
2024-N-1
Group
Fannie Mae
Freddie Mac
FHL Banks
Office of Finance
Document Number
2024–00491
Federal Register Publish Date
01/12/2024
Federal Register Citation
89 FR 2225
PDF Format
Comment Status
Closed
Effective Date
01/01/2024

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

Contact Information

​FOR FURTHER INFORMATION CONTACT: Janna Bruce, Division of Federal Home Loan Bank Regulation, (202) 649-3202, Janna.Bruce@fhfa.gov; or Carly Malamud, Counsel, Office of General Counsel, (202) 649-3098, Carly.Malamud@fhfa.gov, (these are not toll-free numbers), Federal Housing Finance Agency, Constitution Center, 400 Seventh Street, SW, Washington, DC 20219. For TTY/TRS users with hearing and speech disabilities, dial 711 and ask to be connected to any of the contact numbers above. ​

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 $1,461,000,000, 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 are effective as of January 1, 2024.