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Financial Services Law Insights and Observations

FHFA raises annual CFI cap

Agency Rule-Making & Guidance FHFA Community Banks FHLB

Agency Rule-Making & Guidance

On January 22, the Federal Housing Finance Agency published its annual adjustment to the cap on average total assets used to determine whether a Federal Home Loan Bank member qualifies as a community financial institution (CFI). The new cap is $1,224,000,000. Under the Federal Home Loan Bank Act, insured depository institutions that qualify as a CFI receive certain advantages in qualifying for bank membership and the ability to receive and collateralize long-term advances. The adjustment took effect January 1.

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