Finance & markets · 26/11/20101 min read

Federal Home Loan Banks to Allow Voluntary Mergers Under New Rule

The Federal Housing Finance Agency (FHFA) is proposing a new rule that would permit Federal Home Loan Banks to merge voluntarily with other Banks, subject to approval from their boards of directors, members, and the FHFA Director, under the Housing and Economic Recovery Act of 2008 (HERA) and the Federal Home Loan Bank Act (Bank Act).