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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

Date
01/20/2016
Number
RIN-2590-AA39
Group
Federal Home Loan 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
Jack Muench First Independent Bank
See attached letter
Email: jmuench@fibaurora.com
Attachment: View Attachment
Debra Houghtaling Grow Iowa Foundation
Alfred M. Pollard, General Counsel Attention: Comments/RIN 2590-AA39 F…
Email: N/A
Attachment: N/A
Julian Sulivan Bank of Cleveland
See attached letter
Email: sjs@bankofcleveland.com
Attachment: View Attachment
Logan Hickman Peoples Bank of the South
• The proposed rule is unnecessary because the FHLBank’s existing lend…
Email: loganh@pbsouth.com
Attachment: N/A
Sanjay Bhasin Federal Home Loan Bank of Dallas
Please see the attached letter regarding the proposed ongoing balance…
Email: N/A
Attachment: View Attachment
Amanda Morris-Feldman First Federal Savings Bank
Comment letter attached.
Email: amandam@firstfederalbanking.com
Attachment: View Attachment
Serena Watson Trinity Universal Insurance Company
See attached comment letter from Trinity Universal Insurance Company
Email: N/A
Attachment: View Attachment
Ray Yarber 1st Source Bank
Greetings: On behalf of 1st Source Bank, I am submitting our comment l…
Email: yarber@1stsource.com
Attachment: View Attachment
Tom Bledsoe Housing Partnership Network
Here are Housing Partnership Network's comments on RIN 2590-AA39. Tha…
Email: siglin@housingpartnership.net
Attachment: View Attachment
Wellington Denahan Annaly Capital Management, Inc.
Please see attached comment letter.
Email: wdenahan@annaly.com
Attachment: View Attachment
Cutler Dawson Navy Federal Credit Union
Please see attached PDF.
Email: N/A
Attachment: View Attachment
Serena Watson United Insurance Company of America
United Insurance Company of America Comment Letter - RIN 2509-AA39
Email: N/A
Attachment: View Attachment
Christopher Kenney American Fidelity Assurance Company
Please see the attached.
Email: Chris.Kenney@americanfidelity.com
Attachment: View Attachment
Chip Halbach Minnesota Housing Partnership
Our agencies oppose a rule change that requires members of the FHLB to…
Email: chalbach@mhponline.org
Attachment: View Attachment
Melissa Myers Union Savings and Loan Association
Please see attached letter
Email: N/A
Attachment: View Attachment
Kathleen Murphy Maryland Bankers Association
On behalf of our members, the Maryland Bankers Association (MBA) is pl…
Email: mlehman@mdbankers.com
Attachment: View Attachment
Cornelius Hurley Boston University Center for Finance, Law & Policy
Boston University Center for Finance, Law & Policy 53 Bay State Ro…
Email: ckhurley@bu.edu
Attachment: View Attachment
Andrew Hasley Allegheny Valley Bank of Pittsburgh
Please see attached letter.
Email: ahasley@avbpgh.com
Attachment: View Attachment
Charlie Kirby Congaree State Bank
Proposed Rule Comment
Email: N/A
Attachment: View Attachment
Alicia Nealon National Association of Federal Credit Unions
Attached please find the official comments of the National Association…
Email: N/A
Attachment: View Attachment
Jose Gonzalez Federal Home Loan Bank of New York
Comment letter uploaded
Email: jose.gonzalez@fhlbny.com
Attachment: View Attachment
Andrew Levine SL Green Realty Corporation
Attached please find comments from SL Green Realty Corp.
Email: N/A
Attachment: View Attachment
James D Holt Mid American Credit Union
8404 West Kellogg Drive Wichita, Kansas 67209 www.midamerican.or…
Email: jimh@midamerican.coop
Attachment: View Attachment
Wade Berry Farmers Bank & Trust Company
Please see attached comment letter.
Email: N/A
Attachment: View Attachment
Andrew Silsby Kennebec Savings Bank
January 11, 2015 Alfred M. Pollard, General Counsel Attention: Comment…
Email: asilsby@kennebecavings.com
Attachment: N/A