![]() |
Code of Federal Regulations (Last Updated: July 5, 2024) |
![]() |
Title 12 - Banks and Banking |
![]() |
Chapter IX - Federal Housing Finance Board |
![]() |
SubChapter E - Federal Home Loan Bank Risk Management and Capital Standards |
![]() |
Part 933 - BANK CAPITAL STRUCTURE PLANS |
§ 933.3 - Independent review of capital plan.
Latest version.
-
Prior to submitting its capital plan, each Bank shall conduct a review of the plan by an independent certified public accountant to ensure, to the extent possible, that the implementation of the plan would not result in any write-down of the redeemable stock owned by its members, and shall conduct a separate review by at least one NRSRO to determine, to the extent possible, whether the implementation of the plan would have a material effect on the credit rating of the Bank. The Bank shall submit a copy of each report to the Finance Board as part of its proposed capital plan.