[Federal Register Volume 64, Number 108 (Monday, June 7, 1999)]
[Notices]
[Page 30328]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-14241]
[[Page 30328]]
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FEDERAL HOUSING FINANCE BOARD
[No. 99N-5]
RIN 3069-AA84
Federal Home Loan Bank Financial Management and Mission
Achievement Requirements--Staff Framework Document
AGENCY: Federal Housing Finance Board.
ACTION: Notice of availability.
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SUMMARY: Staff of the Federal Housing Finance Board (Finance Board)
currently is in the process of developing proposals regarding the
establishment of new financial management and mission achievement
requirements for the Federal Home Loan Banks (FHLBanks). These
proposals will address, among other things: The responsibilities of
FHLBank boards of directors and senior management for risk management,
mission achievement and internal controls; FHLBank authorized
investments and use of hedging instruments; risk management and capital
standards for the FHLBanks; and mission achievement requirements for
the FHLBanks. A broad outline of the current status of these staff
proposals is set forth in a Staff Framework Document, which the Finance
Board is making available through its internet website (http://
www.fhfb.gov) in the ``What's New'' section.
The Staff Framework Document is being provided to the public for
informational purposes and does not itself constitute a rulemaking or
other official agency action. During the third quarter of 1999, staff
intends to present a proposed rule on these issues to the Board of
Directors of the Finance Board to be approved for publication for
public comment. The anticipated proposed rule, if and when it is
ultimately approved for publication by the Board of Directors of the
Finance Board, may reflect an approach to these issues that is
different from that set forth in the Staff Framework Document.
FOR FURTHER INFORMATION CONTACT: James L. Bothwell, Director and Chief
Economist, (202) 408-2821, Scott L. Smith, Deputy Director, (202) 408-
2991, Ellen E. Hancock, Associate Director, (202) 408-2906, or Julie
Paller, Senior Financial Analyst, (202) 408-2842, Office of Policy,
Research and Analysis, Federal Housing Finance Board, 1777 F Street,
N.W., Washington, D.C. 20006.
Dated: May 28, 1999.
By the Board of Directors of the Federal Housing Finance Board.
Bruce A. Morrison,
Chairman.
[FR Doc. 99-14241 Filed 6-4-99; 8:45 am]
BILLING CODE 6725-01-P
