Multiple Federal Home Loan Bank Memberships

Zusammenfassung

On October 3, 2001, the Federal Housing Finance Board (Finance Board) published a solicitation of comments in the Federal Register (66 FR 50366 (October 3, 2001)) on the implications for the Federal Home Loan Bank System (FHLBank System) raised by the structural changes that have been occurring in its membership base. The solicitation was prompted by the submission of several petitions, each requesting that the Finance Board permit a single depository institution to become a member of two Federal Home Loan Banks concurrently. The petitions also raised a number of other broad issues affecting the FHLBank System. The Finance Board has received a number of requests for an extension of the January 2, 2002 deadline for written comments on the solicitation. In order to provide interested parties ample opportunity to comment, the Finance Board is extending the comment period for the solicitation from January 2, 2002 to March 4, 2002.