Comment deadline on FHFA proposal on CU FHLB membership

The Federal Housing Finance Agency (FHFA) has published a proposal in today's Federal Register to amend its regulations governing Federal Home Loan Bank (Bank) membership to implement section 82001 of the Fixing America’s Surface Transportation (FAST) Act, which amended section 4(a) of the Federal Home Loan Bank Act to authorize certain credit unions without Federal share insurance to become Bank members. This proposed rule also would make appropriate conforming changes to FHFA’s membership regulations. Comments on the proposal will be accepted for 60 days, through November 28, 2016.