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Members of Federal Home Loan Banks

Publication Details
Type
Proposed Rulemaking
Document Number
2014-21114
Federal Register Publish Date
09/12/2014
Comment Open Date
09/02/2014
Comment End Date
01/23/2015
Comment Status
Closed
Rulemaking Details
Rulemaking

Members of Federal Home Loan Banks

01/20/2016
Number
RIN-2590-AA39
Group
FHL Banks
CFR
12 CFR Part 1263
CFR Description
Members of the Banks
Effective Date

Members of Federal Home Loan Banks

Contact Information

FOR FURTHER INFORMATION CONTACT: Eric M. Raudenbush, Assistant General Counsel, Office of General Counsel, Eric.Raudenbush@fhfa.gov, (202) 649-3084; or Julie Paller, Senior Financial Analyst, Office of Program Support, Division of Bank Regulation, Julie.Paller@fhfa.gov, (202) 649-3201 (not toll-free numbers), Federal Housing Finance Agency, 400 Seventh Street, SW., Washington, DC 20024. 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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) is proposing to revise its regulations governing Federal Home Loan Bank (Bank) membership primarily to: (1) require each applicant and member institution to hold one percent of its assets in “home mortgage loans” in order to satisfy the statutory requirement that an institution make long-term home mortgage loans; (2) require each member to comply on an ongoing basis, rather than on a one-time basis as at present, with the foregoing requirement and, where applicable, with the requirement that it have at least 10 percent of its assets in “residential mortgage loans”; (3) define the term “insurance company” to exclude from Bank membership captive insurers, but permit existing captive members to remain members for five years with certain restrictions on their ability to obtain advances; (4) require a Bank to obtain and review an insurance company’s audited financial statements when considering it for membership; and (5) clarify the standards by which an insurance company’s “principal place of business” is to be identified in determining the appropriate Bank district for membership.

Public Comments people-icon

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

1335 items
Date Sort ascending First Name Last Name Organization Comment
Ed Toy National Association of Insurance Commissioners See attached Meeting Summary.View Comment Email: N/A
Attachment: View Attachment
Alston and Bird LLP See attached MemorandumView Comment Email: N/A
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Cindy L. Konich Federal Home Loan Bank of Indianapolis See attached.View Comment Email: N/A
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Jose R. Gonzalez Federal Home Loan Bank of New York See attached.View Comment Email: N/A
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Winthrop Watson Federal Home Loan Bank of Pittsburgh See attached.View Comment Email: N/A
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Dean Schultz Federal Home Loan Bank of San Francisco See attached.View Comment Email: N/A
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W. Wesley McMullan Federal Home Loan Bank of Atlanta See attached.View Comment Email: N/A
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Andrew J. Jetter Federal Home Loan Bank of Topeka See attached.View Comment Email: N/A
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Edward A. Hjerpe III Federal Home Loan Bank of Boston See attached.View Comment Email: N/A
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Andrew S. Howell Federal Home Loan Bank of Cincinnati See attached.View Comment Email: N/A
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Matt Feldman Federal Home Loan Bank of Chicago See attached.View Comment Email: N/A
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Richard S. Swanson Federal Home Loan Bank of Des Moines See attached.View Comment Email: N/A
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Sanjay Bhasin Federal Home Loan Bank of Dallas See attached.View Comment Email: N/A
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Teresa Brennan American Institute of Certified Public Accountants (AICPA) See attached Meeting Summary.View Comment Email: N/A
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Michael P. McLaughlin MacQuarie Group Limited See attached Meeting Summary.View Comment Email: N/A
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Paul V. Erwin NUVO Bank & Trust Company See attached.View Comment Email: N/A
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Taylor D. Briggs First State Bank & Trust Company See attached.View Comment Email: N/A
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Sharon S. Lessard First State Bank & Trust Company See attached.View Comment Email: N/A
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John A. Klebba Legends Bank See attached.View Comment Email: N/A
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John C. Helmken II South State Bank See attached.View Comment Email: N/A
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David L. Tuyo II Power Financial Credit Union See attached.View Comment Email: N/A
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Steve Bumann BankWest, Inc. See attached.View Comment Email: N/A
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Sydney K. Garmong American Institute of CPAs See attached.View Comment Email: N/A
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David V. Devault Rhode Island Bankers Association See attached.View Comment Email: N/A
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A.R. Murray II Citizense State Bank of Milford See attached.View Comment Email: N/A
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