§ 1272.1 - Definitions.

§ 1272.1 Definitions.

As used in this part:

Business Day means any calendar day other than a Saturday, Sunday, or legal public holiday listed in 5 U.S.C. 6103.

NBA Notice Date means the date on which FHFA receives a new business activity notice.

New business activity (NBA) means any business activity undertaken, transacted, conducted, or engaged in by a Bank that

has

entails material risks not

been previously undertaken, transacted, conducted, or engaged in by that Bank, or was previously undertaken, transacted, conducted, or engaged in under materially different terms and conditions, such that it:

(1) Involves the acceptance of collateral enumerated under § 1266.7(a)(4) of this chapter;

(2) Involves the acceptance of classes of collateral enumerated under § 1266.7(b) of this chapter for the first time;

(3) Entails risks not previously and regularly managed by that Bank, its members, or both, as appropriate; or

(4) Involves operations not previously undertaken by that Bank.

[65 FR 44431, July 18, 2000, as amended at 78 FR 2328, Jan. 11, 2013]

previously managed by the Bank. A Bank's acceptance of a new type of advance collateral does not constitute an NBA.