Regulacje i polityka gospodarcza · 8.10.1996

Advances To Nonmembers

The Board of Directors of the Federal Housing Finance Board (Finance Board) is proposing to amend its regulation on Federal Home Loan Bank (FHLBank) advances to nonmembers. The proposed rule establishes uniform eligibility requirements and review criteria for determining whether an entity may be certified as a nonmember mortgagee eligible to receive FHLBank advances and devolves responsibility for making that determination from the Finance Board to the FHLBanks. The Finance Board also is proposing to revise the definition of the term ``state housing finance agency'' (SHFA) to include all Indian housing authorities (IHAs). The proposed rule is part of the Finance Board's continuing effort to devolve management and governance responsibilities to the FHLBanks and is consistent with the goals of the National Homeownership Strategy and the Regulatory Reinvention Initiative of the National Performance Review.