Oversight of the Federal Home Loan Bank System: Hearing Before the Subcommittee on Financial Institutions of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, First Session, on the Operations of the Federal Home Loan Bank System, Focusing on the Responsibility that Congress Has Placed with the Federal Home Loan Banks to Enhance the Liquidity of Financial Institutions, Particularly as the Federal Home Loan Bank Members Meet Such Community Needs as Promoting Homeownership, September 9, 2003U.S. Government Printing Office, 2005 - 141 lappuses |
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activity advances affordable housing assets Atlanta authority BAIR Bank's billion Board of Directors capital markets capital plans capital requirements capital stock charter Chicago FHLBank collateral community banks Congress consolidated credit risk disclosures district Banks dividends ensure examination Fannie and Freddie Fannie Mae FDIC Federal Home Loan Federal Housing Finance FHFB FHFB's FHLB System FHLBank System financial institutions Freddie Mac GLBA Government Sponsored Enterprises Gramm-Leach-Bliley Gramm-Leach-Bliley Act Home Loan Bank Housing Finance Board housing GSE's interest rate risk investors issues lenders Loan Bank System Mae and Freddie member institutions mission mortgage acquisition mortgage purchase programs mortgage-backed securities multi-district membership needs operating oversight percent Pittsburgh portfolio prepayment proposed rule registration regulatory retained earnings role safety and soundness secondary mortgage market Secretary Abernathy securities securitization Senator BENNETT Senator SARBANES Shared Funding Program staff statutory Subcommittee Thank thrift Treasury whole loans
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4. lappuse - (b) An institution eligible to become a member or a nonmember borrower under this section may become a member only of, or secure advances from, the Federal Home Loan Hank of the district in which is located the institution's principal place of business, or of the bank of a district adjoining such district, if demanded by convenience and then only with the approval of the board...
53. lappuse - This summer, too, the boards of the Federal Home Loan Bank of San Francisco and the Federal Home Loan Bank of Atlanta resolved that, if SEC registration was the determined course of action, it is their request that the Finance Board adopt a regulation requiring it. In response to those requests...
50. lappuse - ... other institutions specified in section 4 of the act that make long-term home-mortgage loans are eligible to become members of the Federal Home Loan Bank.
52. lappuse - ... encourage member institutions to increase their support for affordable housing. AHP subsidies must be used to finance the purchase, construction, and/or rehabilitation of owner-occupied housing for households whose income does not exceed 80 percent of the area's median income or rental housing, in which at least 20 percent of the units are occupied by and affordable to very-low-income households — earning 50 percent or less of the area's median income — for the remaining useful life of such...
47. lappuse - ... loans as, in the judgment of the board, are long-term loans: Savings banks, trust companies, and other banks; and (3) Insurance companies. (b) An institution eligible to become a member under this section may become a member only of the Federal home loan bank of the district in which is located the institution's principal place of business, or of the bank of a district adjoining such district. SEC. 5. (a) As soon as practicable after the enactment of this act, the board, with the approval of...
51. lappuse - The Finance Board is now conducting more thorough, risk-focused examinations, and communicating the results of those examinations more effectively to the Banks. Examinations now recognize that banking - including AAA-rated, GSE banking is a business of managing risks, and the responsibility of bank supervisors is to ensure that the institutions they regulate understand those risks and monitor and control them through prudent risk management practices. To enhance analysis and oversight in the risk...
65. lappuse - Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS) and to make recommendations to promote uniformity in the supervision of financial institutions.
66. lappuse - Chairman, members of the Subcommittee, I appreciate the opportunity to speak to you today about reforms in the Commission's licensing process for power reactors.
93. lappuse - For the purposes of this subsection, the term 'aggregate unpaid loan principal" means the aggregate unpaid principal of a subscriber's or member's home mortgage loans, home-purchase contracts, and similar obligations. "(5) The Federal Home Loan Bank Board, by regulations or otherwise, may require each member to submit such reports and information as said Board, in its discretion, may determine to be necessary or appropriate for the purposes of this subsection.