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Comment Period: Unsecured Credit Limits for Federal Home Loan Banks

SUMMARY: The Federal Housing Finance Agency (FHFA or the Agency) proposes to amend its regulation on Federal Home Loan Bank (Bank) capital requirements to modify limits on Bank extensions of unsecured credit in their on- and off-balance sheet and derivative transactions. Currently, overnight federal funds are excluded from the more restrictive ā€œgeneral limitā€ on unsecured credit to a single counterparty and are limited only by the higher ā€œoverall limit.ā€ The proposed rule would add interest bearing deposit accounts (IBDAs) and other authorized overnight investments to that exclusion, which may provide greater flexibility and improved cost to yield than overnight federal funds.

DATES: Written comments must be received on or before [INSERT DATE 60 DAYS AFTER DATE OF PUBLICATION IN THE FEDERAL REGISTER].

  • December 2, 2024
  • Time: 12:00 am – 12:00 am CST