For purposes of this part:
means the OF Independent Directors acting as the committee established in accordance with § 1273.9
of this part.
written in title case, means a Federal Home Loan Bank established under section 12 of the Bank Act (12 U.S.C. 1432
means the Federal Home Loan Bank Act, as amended (12 U.S.C. 1421
Bank System means the Federal Home Loan Bank System, consisting of the twelve Banks and the Office of Finance.
Chair means the chairperson of the board of directors of the Office of Finance.
Chief Executive Officer or CEO means the chief executive officer of the Office of Finance.
means any bond, debenture or note on which the Banks are jointly and severally liable and which was issued under section 11 of the Bank Act (12 U.S.C. 1431
) and any implementing regulations, whether or not such instrument was originally issued jointly by the Banks or by the Federal Housing Finance Board on behalf of the Banks.
FHFA means the Federal Housing Finance Agency.
means the Financing Corporation established and supervised by FHFA under section 21 of the Bank Act (12 U.S.C. 1441
Generally accepted accounting principles or GAAP means accounting principles generally accepted in the United States.
means a member of the OF board of directors who meets the qualifications set forth in § 1273.7(a)(2)
of this part.
NRSRO means a credit rating organization registered as a Nationally Recognized Statistical Rating Organization with the Securities and Exchange Commission.
Office of Finance
means the Office of Finance, a joint office of the Banks established under this part 1273
and referenced in the Bank Act and the Safety and Soundness Act.
Resolution Funding Corporation
means the Resolution Funding Corporation established by section 21B of the Bank Act (12 U.S.C. 1441b
Safety and Soundness Act
means the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4501
), as amended.