Regulacje i polityka gospodarcza · 27.10.1995

Membership Approval

The Federal Housing Finance Board (Finance Board) is proposing to amend its regulation on membership in the Federal Home Loan Banks (Bank). The proposed rule will allow the 12 Banks, rather than the Finance Board, to approve applications for Bank membership subject to the standards provided in the rule. The proposed rule will require the Banks to apply tests and criteria for determining compliance with the statutory eligibility requirements for Bank membership currently used by the Finance Board in approving applications. The proposed rule is part of an effort by the Finance Board and the Banks to transfer as many governance functions as possible from the Finance Board to the Banks.