12 CFR 1291.11
§ 1291.11 Temporary suspension of AHP contributions.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 1291.11, § 1291.11 Temporary suspension of AHP contributions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/50978
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Full text
(a) Request to FHFA. If a Bank finds that the contributions required pursuant to § 1291.10 are contributing to the financial instability of the Bank, the Bank may apply in writing to FHFA for a temporary suspension of such contributions.
(b) Director review—(1) Financial instability. In determining the financial instability of a Bank, the Director shall consider such factors as:
(i) Severely depressed Bank earnings;
(ii) A substantial decline in Bank membership capital; and
(iii) A substantial reduction in Bank advances outstanding.
(2) Limitations on grounds for suspension. The Director shall not suspend a Bank's annual AHP contributions if it determines that the Bank's reduction in earnings is due to:
(i) A change in the terms of advances to members that is not justified by market conditions;
(ii) Inordinate operating and administrative expenses; or
(iii) Mismanagement.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.