Earlier this fall, the Federal Housing Finance Agency (“FHFA”) released proposed rulemaking regarding changes to Federal Home Loan Bank (“FHLB”) membership rules. These proposed changes would represent a fundamental change to the FHLBank System by imposing ongoing requirements that all FHLB members would need to meet in order to maintain their membership. If implemented, these requirements would, among other problems, greatly undermine the reliability of the FHLBs as sources of liquidity for members, particularly in times of economic stress and especially for smaller members that lack alternative liquidity sources.
The FHFA has requested comments on this proposed rule by January 12, 2015. CBAI will be commenting on the proposed rules and encourage CBAI members that are also FHLB-C members to participate in this webinar and submit their comments. This FHLB-Chicago webinar will be held on Thursday, December 11, 2014, from 9:00-9:30am CST and will explain the proposed rule, encourage members to make their voices heard, and answer questions about the rule.
After registering, you will receive a confirmation email containing information about joining the webinar.
To register for the FHLB-Chicago webinar, click here.