Back in October 2014, the FHFA extended the proposed rule comment period until Jan. 12, 2015, receiving more than 1,300 comment letters. The final rule for the Federal Home Loan Bank Act governs eligibility for membership and establishes requirements for an institution to become and remain a member of an FHLB.
Captive insurers who are current members of an FHLBank will be subject to a five-year sunset period before they are no longer eligible for membership. proposed rule, which will be open for comment.
The comment period will now close on January 12, 2015. FHFA is extending the comment period in light of the importance of the issues addressed in the proposed rule, the high level of interest in the proposal and requests from multiple stakeholders for more time to evaluate the proposed rule.
One example is a rule proposed by the Federal Housing Finance Agency. On Oct. 15, the FHFA closed the public comment period on its proposal to prohibit Fannie Mae, Freddie Mac and all the Federal Home.
Citigroup posts $3.2 billion third-quarter profit The conversion will reduce Citi’s preferred dividends. That should mean that when Citi posts a profit in future. two years ago – it had rung up $28 billion in losses since its last profit back in.
The Federal Housing Finance Agency (FHFA) proposed a rule. days to comment. David Jeffers, a spokesman for the Council of Federal Home Loan Banks, a trade group for the lenders, said that captive.
FHFA FHLB. On October 6, the FHFA announced that it would extend the comment period for its proposed rule on Federal home loan bank membership. The proposed rule is intended to revise the requirements for financial institutions to apply for and retain membership in the FHLB. Comments are now being accepted until January 12, 2015.
FHLB Des Moines, FHLB Seattle finalize merger 1 8 1 8 L I B R A R Y S T R E E T S U I T E 2 0 0 R E S T O N, VA 2 0 1 9 0 P H O N E 7 0 3 . 4 6 7 . 3 6 0 0 F A X 7 0 3 . 4 8 7 . 9 5 7 0 www. F H L B-OF. C O M December 22, 2014 FOR IMMEDIATE RELEASE: Federal Housing Finance Agency Approves FHLB Des Moines and FHLB Seattle Merger Application
· Specifically, the proposed rules would divide institutions into three asset levels as follows: 3 The SEC’s proposed rule would apply to any institution that meets the definition of “investment.
Homebuilder confidence remains at 6-month low However, we do expect that moderate improvement in the job market will help boost consumer confidence and improve conditions for new-home sales in this year’s final quarter." Housing Sector Has a Low.
"The proposed rule would revise FHFA’s existing Bank membership regulation to ensure that members maintain a commitment to housing finance and that only eligible entities can gain access to Bank advances and the benefits of membership," says the FHFA press release. REITs currently access FHLB system through captive insurance
· U.S. EPA is giving the public more time to weigh in on its proposed repeal of the Obama-era rule that defines which wetlands and small waterways are protected by the Clean Water Act.
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