12 CFR 1290.4 - Decision on community support statements.

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§ 1290.4 FHFA review and decision on Community Support Statements.

(a) Review by FHFA. FHFA will review each member approximately once every two years for compliance with the community support requirements of this part.

(b) Complete Community Support Statements. A Community Support Statement is complete when a member has provided to FHFA all of the information required by this part.

(c) Decision on Community Support Statements. FHFA will provide written notice to the member's Bank of FHFA's determination regarding the Community Support Statement submitted by the member. A notice placing a member on probation or restricting the member's access to long-term Bank advances will identify the reasons for FHFA's determination. The Bank must promptly notify the member of FHFA's determination regarding the member's Community Support Statement.

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United States Code

Title 12 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 1290 after this date.

  • 2015-05-28; vol. 80 # 102 - Thursday, May 28, 2015
    1. 80 FR 30336 - Federal Home Loan Bank Community Support Program—Administrative Amendments
      GPO FDSys XML | Text
      Final rule.
      This final rule will become effective on June 29, 2015.
      12 CFR Part 1290