Federal Register #2590AB52

FHFA Proposed Rule to Repeal Regulation on Federal Home Loan Bank New Business Activities

The Federal Housing Finance Agency (FHFA) is seeking public comment on a proposed rule to repeal the regulation governing Federal Home Loan Bank (FHLBank) new business activities. - Government buyer/regulator: Federal Housing Finance Agency (FHFA) - No OEMs or commercial vendors are involved, as this is a regulatory action - No products, part numbers, or service quantities are requested - Notable requirement: - FHFA is soliciting public input on the impact of repealing the regulation at 12 CFR part 1272 - The goal is to reduce regulatory burdens and improve efficiency for FHLBanks - FHFA believes ongoing supervision is sufficient to manage risks of new business activities, making the regulation redundant - No procurement, contract, or purchase is associated with this action

Description

The Federal Housing Finance Agency (FHFA) is proposing to repeal the regulation outlined in 12 CFR part 1272 concerning new business activities of the Federal Home Loan Banks. The regulation requires submission and approval of notices for a Bank to commence a new business activity. FHFA believes the regulation has become unnecessary and burdensome, as the Banks have developed significant experience managing associated risks and FHFA provides ongoing supervision. The agency is seeking public comments on this proposed repeal by August 12, 2026.

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