Source: https://www.law.cornell.edu/cfr/text/12/955.6
Timestamp: 2017-02-27 19:39:49
Document Index: 415716493

Matched Legal Cases: ['art 955', 'art 955', '§ 955', '§ 1422', '§\u202f1204', '§ 1422', '§ 1430', '§ 1430', '§ 1431', 'art 955', 'art 955']

12 CFR 955.6 - Risk-based capital requirement for acquired member assets. | US Law | LII / Legal Information Institute
CFR › Title 12 › Chapter IX › Subchapter G › Part 955 › Section 955.6 12 CFR 955.6 - Risk-based capital requirement for acquired member assets.
There is 1 Update appearing in the Federal Register for 12 CFR Part 955. View below or at eCFR (GPOAccess)
§ 955.6 Risk-based capital requirement for acquired member assets.
(a)General. Each Bank shall hold retained earnings plus general allowance for losses as support for the credit risk of all AMA estimated by the Bank to represent a credit risk that is greater than that of comparable instruments that have received the second highest credit rating from an NRSRO in an amount equal to or greater than the outstanding balance of the assets or pools of assets times a factor associated with the putative credit rating of the assets or pools of assets as determined by the Finance Board on a case-by-case basis. For single-family mortgage assets, the factors are as set forth in Table 1 of this part. Table 1 Putative rating of single-family mortgage assets Percentage applicable to on-balance sheet equivalent value of AMA Third Highest Investment Grade
0.90 Fourth Highest Investment Grade
1.50 If Downgraded to Below Investment Grade After Acquisition By Bank:
Highest Below Investment Grade
2.25 Second Highest Below Investment Grade
2.60 All Other Below Investment Grade
(b)Recalculation of credit enhancement. For risk-based capital purposes, each Bank shall recalculate the estimated credit rating of a pool of AMA if there is evidence that a decline in the credit quality of that pool may have occurred. This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.United States CodeU.S. Code: Title 12 - BANKS AND BANKING§ 1422a, 1422b - Repealed. Pub. L. 110–289, div. A, title II, § 1204(1), July 30, 2008, 122 Stat. 2785§ 1422b§ 1430 - Advances to members§ 1430b - Advances to nonmember mortgagee; terms and conditions§ 1431 - Powers and duties of banks
Title 12 published on 2015-12-05The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 955 after this date.2016-12-19; vol. 81 # 243 - Monday, December 19, 201681 FR 91674 - Acquired Member Assets
2015-12-17; vol. 80 # 242 - Thursday, December 17, 201580 FR 78689 - Acquired Member Assets
typeregulations.gov FR Doc.2015-31660 RIN2590-AA69 FEDERAL HOUSING FINANCE AGENCY, FEDERAL HOUSING FINANCE BOARD Notice of proposed rulemaking; request for comment. FHFA must receive written comments on or before April 15, 2016. 12 CFR Part 955 SummaryThe Federal Housing Finance Agency (FHFA) is proposing amendments to the existing Acquired Member Assets (AMA) regulation, which applies to the Federal Home Loan Banks (Banks). In particular, FHFA proposes to remove from the regulation requirements based on ratings issued by a Nationally Recognized Statistical Ratings Organization (NRSRO), as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Additionally, FHFA proposes to transfer the AMA regulation from the former Federal Housing Finance Board (Finance Board) regulations to FHFA&apos;s regulations. FHFA also proposes to reorganize the current regulation and to modify and clarify a number of provisions in the regulation.
Title 12 published on 2015-12-05.The following are only the Rules published in the Federal Register after the published date of Title 12.For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.2016-12-19; vol. 81 # 243 - Monday, December 19, 201681 FR 91674 - Acquired Member Assets