On October 2, the FHFA issued a notice of proposed rulemaking (NPRM) announcing the FHFA’s intent to withdraw several regulatory requirements for FHLBanks as well as Fannie Mae and Freddie Mac.
Specifically, this NPRM proposes to withdraw three proposed rules issued between 2021 and 2024: (i) Unsecured Credit Limits for Federal Home Loan Banks (covered by InfoBytes here); (ii) Federal Home Loan Bank System Boards of Directors and Executive Management (covered here); and (iii) Enterprise Liquidity Requirements (covered here). These proposed rules addressed changes to unsecured credit limits for FHLBanks, amendments to governance and board requirements for the Federal Home Loan Bank System, and minimum liquidity requirements for Fannie Mae and Freddie Mac, respectively. FHFA stated that these changes were intended to eliminate those proposals the agency no longer intends to pursue.
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