Regulacje i polityka gospodarcza · 30.10.1996

Amendment of Budgets Regulation

The Federal Housing Finance Board (Finance Board) is amending its regulation governing approval of Federal Home Loan Bank (FHLBank) budgets by removing the requirement that the FHLBanks' budgets be approved by the Finance Board. In order to ensure sufficient data to carry out its supervisory responsibility to ensure the safety and soundness of FHLBank operations, the final rule establishes specific requirements for the FHLBanks' preparation and reporting of both budget and other financial information to the Finance Board. Certain of these reporting requirements are derived and streamlined from the Finance Board's current practice for budget and financial information reporting by the FHLBanks. The final rule is consistent with the Finance Board's continuing effort to devolve management and governance authority to the FHLBanks. It also is consistent with the goals of the Regulatory Reinvention Initiative of the National Performance Review.