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Federal Register / Vol. 86, No. 38 / Monday, March 1, 2021 / Notices
The Federal Housing Finance Agency FHFA is announcing that FHFA will review all applicable Federal Home Loan Bank Bank members in 2021 under FHFAs community support requirements regulation. This Notice invites the public to comment on the community support performance of individual members.
DATES: Public comments on individual Bank members community support performance must be submitted to FHFA on or before March 31, 2021.
ADDRESSES: Comments on members community support performance should be submitted to FHFA by electronic mail at hmgcommunitysupportprogram@
fhfa.gov or by fax to 2026494308.
FOR FURTHER INFORMATION CONTACT:
Deattra Perkins, Senior Policy Analyst, at hmgcommunitysupportprogram@
fhfa.gov, Division of Housing Mission and Goals, Federal Housing Finance Agency, Ninth Floor, 400 Seventh Street SW, Washington, DC 20219.
SUPPLEMENTARY INFORMATION:
SUMMARY:

I. Community Support Review Section 10g1 of the Federal Home Loan Bank Act Bank Act requires FHFA to promulgate regulations establishing standards of community investment or service that Bank members must meet in order to maintain access to long-term Bank advances. See 12 U.S.C. 1430g1. The regulations promulgated by FHFA must take into account factors such as the Bank members performance under the Community Reinvestment Act of 1977
CRA, 12 U.S.C. 2901 et seq., and the Bank members record of lending to first-time homebuyers. See 12 U.S.C.
1430g2. Pursuant to section 10g of the Bank Act, FHFA has promulgated a community support requirements regulation that establishes standards a Bank member must meet in order to maintain access to long-term advances, and establishes review criteria FHFA
must apply in evaluating a members community support performance. See 12 CFR part 1290. The regulation includes standards and criteria for the two statutory factorsmembers CRA
performance and members record of lending to first-time homebuyers. 12
CFR 1290.3. Only members subject to the CRA must meet the CRA standard.
12 CFR 1290.3b. All members subject to community support review, including those not subject to the CRA, must meet the first-time homebuyer standard. 12
CFR 1290.3c. Members that have been certified as community development financial institutions CDFIs are deemed to be in compliance with the
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community support requirements and are not subject to periodic community support review, unless the CDFI
member is also an insured depository institution or a CDFI credit union. 12
CFR 1290.2d. In addition, FHFA will not review an institutions community support performance until it has been a Bank member for at least one year. 12
CFR 1290.2e.
Under the regulation, FHFA reviews each applicable member once every two years. Starting April 1, 2021, each member that is subject to community support review will be required to submit a completed Community Support Statement to FHFA. All Community Support Statements for this review cycle must be submitted by October 29, 2021. FHFA will review the community support performance of each member after receiving the members completed Community Support Statement.
II. Public Comments FHFA encourages the public to submit comments by March 31, 2021, on the community support performance of Bank members. Each Bank is required to post a notice on its public website and to notify its Advisory Council, nonprofit housing developers, community groups, and other interested parties in its district of the opportunity to submit comments on the community support programs and activities of Bank members, with the name and address of each member subject to community support review. 12 CFR 1290.2c1. In reviewing a member for community support compliance, FHFA will consider any public comments it has received concerning the member. 12
CFR 1290.2c3. To ensure consideration by FHFA, comments concerning the community support performance of members being reviewed in 2021 must be submitted to FHFA, either by electronic mail to hmgcommunitysupportprogram@
fhfa.gov, or by fax to 2026494308, on or before March 31, 2021. 12 CFR
1290.2c2.
The names of applicable members currently subject to Community Support review can be found on the public websites for the individual Banks at:
Federal Home Loan Bank of Boston District 1 Connecticut, Massachusetts, New Hampshire, Rhode Island, Vermont https
www.fhlbboston.com/fhlbank-boston/
hci-community-support/
Federal Home Loan Bank of New York District 2 New Jersey, New York, Puerto Rico https www.fhlbny.com/

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Federal Home Loan Bank of PittsburghDistrict 3 Delaware, Pennsylvania, West Virginia https
www.fhlb-pgh.com/Files/Resources/
CSS.pdf Federal Home Loan Bank of Atlanta District 4 Alabama, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia https corp.fhlbatl.com/
community-support-program/
Federal Home Loan Bank of CincinnatiDistrict 5 Kentucky, Ohio, Tennessee https
www.fhlbcin.com Federal Home Loan Bank of IndianapolisDistrict 6 Indiana, Michigan https www.fhlbi.com/
products-services/communityinvestment-and-housing Federal Home Loan Bank of Chicago District 7 Illinois, Wisconsin https
fhlbc.com/community-investment/
community-support-program Federal Home Loan Bank of Des MoinesDistrict 8 Alaska, Guam, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming https
www.fhlbdm.com/news/businessnews/2021-community-supportstatement/
Federal Home Loan Bank of Dallas District 9 Arkansas, Louisiana, Mississippi, New Mexico, Texas https www.fhlb.com/membership/
community-support-program Federal Home Loan Bank of Topeka District 10 Colorado, Kansas, Nebraska, Oklahoma https
www.fhlbtopeka.com/communityprograms-community-supportstatements Federal Home Loan Bank of San FranciscoDistrict 11 Arizona, California, Nevada www.fhlbsf.com/
community-programs/communitysupport-review Mark A. Calabria, Director, Federal Housing Finance Agency.
FR Doc. 202104119 Filed 22621; 8:45 am BILLING CODE 807001P

FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 12 U.S.C. 1841 et seq.
BHC Act, Regulation Y 12 CFR part 225, and all other applicable statutes and regulations to become a bank holding company and/or to acquire the
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