FHFA Extends Comment Period for Proposed FHLB Rule

The Federal Housing Finance Agency (FHFA) has announced that it is extending the comment period for the agency’s proposed rule on Federal Home Loan Bank membership by 60 days. The comment period was previously set to close on Nov. 12, 2014, 60 days after publication in the Federal Register. The comment period will now close on Jan. 12, 2015.

FHFA is extending the comment period in light of the importance of the issues addressed in the proposed rule, the high level of interest in the proposal and requests from multiple stakeholders for more time to evaluate the proposed rule.

Comments on the proposed rule must be received by Jan. 12, 2015, and should be submitted via FHFA.gov or in accordance with the directions provided in the Federal Register notice extending the comment period.