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Excess Stock Restrictions and Retained Earnings Requirements for the Federal Home Loan Banks

Publication Details
Type
Proposed Rulemaking
Document Number
E6-3689
Federal Register Publish Date
03/08/2006
Comment Open Date
03/08/2006
Comment End Date
07/13/2006
Comment Status
Closed
Rulemaking Details
Rulemaking

Excess Stock Restrictions and Retained Earnings Requirements for the Federal Home Loan Banks

Contact Information

FOR FURTHER INFORMATION CONTACT: ​Scott L. Smith, Associate Director, smiths@fhfb.gov or (202) 408-2991; Anthony Cornyn, Senior Advisor to the Director, cornyna@fhfb.gov or (202) 408-2522; Office of Supervision; or Thomas E. Joseph, Senior Attorney-Advisor, josepht@fhfb.gov or (202) 408-2512, Office of General Counsel. You can send regular mail to the Federal Housing Finance Board, 1625 Eye Street, NW., Washington, DC 20006.

Summary

SUMMARY: The Federal Housing Finance Board (Finance Board) is proposing to add to its regulations provisions that would limit the amount of excess stock that a Federal Home Loan Bank (Bank) can have outstanding and that would prescribe a minimum amount of retained earnings for each Bank. The proposed amendments also would prohibit a Bank from selling excess stock to its members or paying stock dividends, and restrict a Bank’s ability to pay dividends when its retained earnings are below the prescribed minimum.

DATES: The Finance Board will accept written comments on the proposed rule on or before July 13, 2006.

COMMENTS: Submit comments by any of the following methods:

  • E-mail: comments@fhfb.gov.

  • Fax: (202) 408-2580.

  • Mail/Hand Delivery: Federal Housing Finance Board, 1625 Eye Street, NW., Washington, DC 20006, Attention: Public Comments.

  • Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by e-mail to the Finance Board at comments@fhfb.gov to ensure timely receipt by the agency.

Include the following information in the subject line of your submission: Federal Housing Finance Board. Proposed Rule: Excess Stock Restrictions and Retained Earnings Requirements for the Federal Home Loan Banks. RIN Number 3069-AB30. Docket Number 2006-03.

We will post all public comments we receive without change, including any personal information you provide, such as your name and address, on the Finance Board Web site at http://www.fhfb.gov/Default.aspx?Page=93&Top=93.

Public Comments people-icon

Below are a compilation of public comments made on this publication.

1066 items
Date Sort ascending First Name Last Name Organization Comment
Anita Woodcock Brattleboro Savings & Loan View CommentView Comment Email: N/A
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Sarah Gerecke Neighborhood Housing Services of New York City, Inc. View CommentView Comment Email: N/A
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Dan Steward Achieva Resources Corporation, Inc. View CommentView Comment Email: N/A
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William E. Erickson Utah Housing Corporation View CommentView Comment Email: N/A
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James E. Tibbetts First Colebrook Bank View CommentView Comment Email: N/A
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Ronald von Essen Horizon Community Development Corporation View CommentView Comment Email: N/A
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Michael Stanfield Cheyenne Housing Authority View CommentView Comment Email: N/A
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Joseph F. MacDonough Westborough Bank View CommentView Comment Email: N/A
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Charles A. Williams Northpointe Bank, View CommentView Comment Email: N/A
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Donna C. Rathbun Brattleboro Savings & Loan View CommentView Comment Email: N/A
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M. Ann Helmke Vincent House, Inc. View CommentView Comment Email: N/A
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V. Lawrence Evans Horizon Bank View CommentView Comment Email: N/A
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Maurice A. Selinger III Southern Maine Affordable Rental Housing Coalition View CommentView Comment Email: N/A
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Robert G. Currie Nashville Regional Housing Facilitator, Park Center, View CommentView Comment Email: N/A
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F. Barton Harvey III Enterprise Community Partners View CommentView Comment Email: N/A
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Steve Gardner California Independent Bankers and Pacific Premier Bank Craig Hudson, California Independent Bankers; View CommentView Comment Email: N/A
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Donn Schafer Settlers Bank View CommentView Comment Email: N/A
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Pamela L. McKee National Congress for Community Economic Development (NCCED) View CommentView Comment Email: N/A
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Daniel C. Yates Brattleboro Savings & Loan View CommentView Comment Email: N/A
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Daniel G. Drane & Company, PLLC View CommentView Comment Email: N/A
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Sister Barbara Ann Zeller Providence Housing Corporation View CommentView Comment Email: N/A
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Sister Barbara Ann Zeller Guerin, Inc. View CommentView Comment Email: N/A
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George S. Haynes Brattleboro Savings & Loan View CommentView Comment Email: N/A
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Rose M. Cavanagh Brattleboro Savings & Loan View CommentsView Comment Email: N/A
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Peter , Eley Union Bank View CommentView Comment Email: N/A
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