![]() Selection for review is not, nor should it be construed as, any indication of either the financial condition or the community support performance of the member.Įach Bank member selected for review must complete a Community Support Statement and submit it to the FHFA by the Novemdeadline prescribed in this notice. The FHFA will not review an institution's community support performance until it has been a Bank member for at least one year. Under the rule, the FHFA selects approximately one-eighth of the members in each Bank district for community support review each calendar quarter. All members, including those not subject to CRA, must meet the first-time homebuyer standard. Only members subject to the CRA must meet the CRA standard. The regulation includes standards and criteria for the two statutory factors-CRA performance and record of lending to first-time homebuyers. Pursuant to section 10(g) of the Bank Act, the FHFA's predecessor agency, the Federal Housing Finance Board (Finance Board) promulgated a community support requirements regulation that establishes standards a Bank member must meet in order to maintain access to long-term advances, and review criteria the FHFA must apply in evaluating a member's community support performance. 2901 et seq., and record of lending to first-time homebuyers. The regulations must take into account factors such as the Bank member's performance under the Community Reinvestment Act of 1977 (CRA), 12 U.S.C. Section 10(g)(1) of the Federal Home Loan Bank Act (Bank Act) requires the FHFA to promulgate regulations establishing standards of community investment or service Bank members must meet in order to maintain access to long-term advances. End Further Info End Preamble Start Supplemental Information SUPPLEMENTARY INFORMATION: I. Fitzgerald, Program Analyst, Federal Housing Finance Board Office of Supervision, Community Investment and Affordable Housing, by telephone at 20, by electronic mail at or by regular mail at the Federal Housing Finance Board, 1625 Eye Street, NW., Washington, DC 20006. ADDRESSES:īank members selected for the 2008-09 third quarter review cycle under the community support requirements regulation must submit completed Community Support Statements to the FHFA either by regular mail at the Federal Housing Finance Board, Office of Supervision, Community Investment and Affordable Housing, 1625 Eye Street, NW., Washington, DC 20006, or by electronic mail at Start Further Info FOR FURTHER INFORMATION CONTACT:Įmma J. DATES:īank members selected for the review cycle under the community support requirements regulation must submit completed Community Support Statements to the FHFA on or before November 21, 2008. This notice also prescribes the deadline by which Bank members selected for review must submit Community Support Statements to the FHFA. The Federal Housing Finance Agency (FHFA) is announcing the Federal Home Loan Bank (Bank) members it has selected for the 2008-09 third quarter review cycle under the community support requirements regulation. Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML ![]() ![]() Legal research should verify their results against an official edition of The official SGML-based PDF version on, those relying on it for The material on is accurately displayed, consistent with While every effort has been made to ensure that Regulatory information on with the objective ofĮstablishing the XML-based Federal Register as an ACFR-sanctioned ![]() The OFR/GPO partnership is committed to presenting accurate and reliable Register (ACFR) issues a regulation granting it official legal status.įor complete information about, and access to, our official publications Informational resource until the Administrative Committee of the Federal This prototype edition of theĭaily Federal Register on will remain an unofficial Each document posted on the site includes a link to theĬorresponding official PDF file on. The documents posted on this site are XML renditions of published Federal Register, and does not replace the official print version or the official It is not an official legal edition of the Federal This site displays a prototype of a “Web 2.0” version of the dailyįederal Register. ![]()
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