Board of Directors of Federal Home Loan Bank System Office of Finance (Us Federal Housing Finance Agency Regulation) (Fhfa) (2018 Edition)

Download or read book Board of Directors of Federal Home Loan Bank System Office of Finance (Us Federal Housing Finance Agency Regulation) (Fhfa) (2018 Edition) written by The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-09-11 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Board of Directors of Federal Home Loan Bank System Office of Finance (US Federal Housing Finance Agency Regulation) (FHFA) (2018 Edition) The Law Library presents the complete text of the Board of Directors of Federal Home Loan Bank System Office of Finance (US Federal Housing Finance Agency Regulation) (FHFA) (2018 Edition). Updated as of May 29, 2018 Governed by the Federal Housing Finance Agency's (FHFA) regulations, the Federal Home Loan Bank System's (Bank System) Office of Finance issues debt ("consolidated obligations") as agent for the Federal Home Loan Banks (Banks) on which the Banks are jointly and severally liable and publishes combined financial reports on the Banks so that members of the Bank System, investors in the consolidated obligations, and other interested parties can assess the strength of the Bank System that stands behind them. The Office of Finance (OF) is governed by a board of directors, the composition and functions of which are determined by FHFA's regulations. FHFA's experience with the Bank System and with the OF's combined financial reports during the recent period of market stress suggests that the OF and the Bank System could benefit from a reconstituted board and strengthened audit committee. This regulation is intended to achieve that end. This book contains: - The complete text of the Board of Directors of Federal Home Loan Bank System Office of Finance (US Federal Housing Finance Agency Regulation) (FHFA) (2018 Edition) - A table of contents with the page number of each section