The Federal Housing Finance Agency issued a Request for Input on Federal Home Loan Bank membership as part of a “holisitic view” of membership, according to the FHFA press release.
FHFA said the RFI seeks feedback on a number of questions ranging from general eligibility and affiliate issues, to specific safety and soundness and mission requirements, to more technical matters relating to the application of the regulation.
FHFA’s last review of FHLBank membership was in 2010, which resulted in a 2016 final rule that made “captive” insurance companies ineligible for membership. In September 2019, the Treasury Department and HUD released a housing reform plan that revisits the FHLBank membership rule that excludes captive insurance companies from FHLBankank membership in light of the continued evolution of the housing finance system.
