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ARTICLE · 20 NOVEMBER 2023

FHFA Proposes Regulatory And Legislative Reforms For FHLB System

Mayer Brown
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On November 7, 2023, the Federal Housing Finance Agency ("FHFA") released its much-anticipated report "FHLBank System at 100: Focusing on the Future" (the "Report")...

United StatesFinance and Banking
Andrew Olmem
Andrew Olmem
Jeffrey Taft
Jeffrey Taft
Daniel Pearson
Daniel Pearson
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On November 7, 2023, the Federal Housing Finance Agency ("FHFA") released its much-anticipated report "FHLBank System at 100: Focusing on the Future" (the "Report"), containing the results of the FHFA's year-long comprehensive review of the Federal Home Loan Bank System ("FLHB System") and a series of proposed regulatory and legislative reforms. Although the FHFA's review of the FHLB System has received relatively little press attention, the FHFA's proposed reforms, if adopted, could significantly alter the structure and operation of the FHLB System, and potentially materially change the requirements of being a Federal Home Loan Bank ("FHLBank") member. This Legal Update provides an overview of the Report and its legislative and regulatory recommendations.

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