Regulacje i polityka gospodarcza · 27/11/1996

Community Support Requirements

The Federal Housing Finance Board (Finance Board) is proposing to amend its regulation on community support requirements. The proposed rule replaces the existing review process with uniform community support standards all Federal Home Loan Bank (FHLBank) members must meet in order to maintain access to long-term FHLBank advances, and review criteria the Finance Board must apply when determining a member's compliance with the statutory and regulatory standards. Consistent with the goals of the Regulatory Reinvention Initiative of the National Performance Review, the proposed rule streamlines the regulatory requirements to reduce the time spent by FHLBank members to prepare and submit, and the Finance Board to review and process, community support submissions.