FHFA extends FHLB membership proposed rule comment period

FHFA Extends Comment Period for FHLB Membership Changes. The Federal Housing Finance Agency, as requested by ABA, has extended the deadline for comments on proposed changes to membership eligibility in the Federal Home Loan Bank system. Comments are now due on January 12, 2015. The FHFA’s proposed changes would require FHLB members to hold 1.

On January 12, 2016, the Federal Housing Finance Agency ("FHFA") issued a final rule establishing new requirements for membership in the federal home loan banks ("FHLBanks").

Washington, D.C.- The Federal Housing Finance Agency (FHFA) today announced that it is extending the comment period for the agency’s proposed rule on Federal Home Loan Bank membership by 60 days. The comment period was previously set to close on November 12, 2014, 60 days after publication in the Federal Register.

The Federal Housing Finance Agency is extending the comment period for its proposed rule on Federal Home Loan Bank membership by 60 days due to the high level of interest in the proposal and.

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On October 6, the FHFA announced that it is extending the comment period for its proposed rule on Federal Home Loan Bank membership by 60 days, or to January 12, 2015. The proposed rule would revise the requirements for financial institutions to apply for and retain membership in one of the 12 Federal Home Loan Banks.

A federal agency’s plan to tighten membership rules for Federal Home Loan banks would hurt community banks and credit unions and could endanger the financial system, according to a broad array of stakeholders, including state regulators, lawmakers and institutions.

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Watt: 60 more days to comment on FHLB membership rules The Federal Housing Finance Agency approved a NAFCU-sought, 60-day extension in the comment period on its proposed rule on membership criteria for the Federal Home Loan Banks, setting a new comment deadline of Jan. 12.

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B. This Final Rule This final rule follows publication of the February 1, 2011, proposed rule and takes into consideration the public comments received in response to the proposed rule. By the close.

The Federal Housing Finance Agency (FHFA) has agreed to extend its comment period to Jan. 12, 2015 on a proposal that would change the eligibility requirements for institutions, including credit unions, to join and maintain membership in Federal Home Loan Bank (FHLBs).