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Federal Home Loan Bank Directors’ Compensation and Expenses

Publication Details
Type
Proposed Rulemaking
Document Number
E9-25577
Federal Register Publish Date
10/23/2009
Federal Register Citation
74 FR 54758
PDF Format
Comment Open Date
10/23/2009
Comment End Date
12/07/2009
Comment Status
Closed
Rulemaking Details
Rulemaking

Federal Home Loan Bank Directors’ Compensation and Expenses

Contact Information

FOR FURTHER INFORMATION CONTACT: ​Daniel E. Coates, Associate Director, Risk Analysis and Research, (202) 408-2959, Daniel.Coates@fhfa.gov; Neil R. Crowley, Deputy General Counsel, (202) 343-1316, Neil.Crowley@fhfa.gov. 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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: This proposed rule would implement section 1202 of the Housing and Economic Recovery Act of 2008 (HERA), which amended section 7(i) of the Federal Home Loan Bank Act (Bank Act) by repealing the statutory caps on the annual compensation that can be paid to Federal Home Loan Bank (Bank) directors. The proposed rule would allow each Bank to pay its directors reasonable compensation and expenses, subject to the authority of the Director (Director) of the Federal Housing Finance Agency (FHFA) to object to, and to prohibit prospectively, compensation and/or expenses that the Director determines are not reasonable.

DATES: FHFA will accept written comments on this proposed rule on or before December 7, 2009.​
 

Public Comments people-icon

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

6 items
CSV
Date First Name Last Name Organization Comment
John von Seggern Council of FHLBanks View CommentView Comment Email: N/A
Attachment: View Attachment
David L. Ledford National Association of Home Builders View CommentView Comment Email: N/A
Attachment: View Attachment
Patrick C. Doran FHLBank of Topeka View CommentView Comment Email: N/A
Attachment: View Attachment
Suzanne Titus-Johnson FHLBank of San Francisco View CommentView Comment Email: N/A
Attachment: View Attachment
Jonathan R. West FHLBank of Indianapolis View CommentView Comment Email: N/A
Attachment: View Attachment
Carol E. Wayman Corporation for Enterprise Development (CFED) View CommentView Comment Email: N/A
Attachment: View Attachment