Affordable Housing Program (AHP)

Number:
Date:

2006-13

August 9,2006

Data Reporting Reauirements: Affordable Housing Program
WHEREAS, under section 2A(a)(3) of the Federal Home Loan Bank Act (Bank Act) (12 U.S.C.
$ 1422a(a)(3)), the primary duty of the Federal Housing Finance Board (Finance Board) is to
ensure that the Federal Home Loan Banks (Banks) operate in a financially safe and sound
manner, and, to the extent consistent with that primary duty, to supervise the Banks, ensure that
the Banks carry out their housing finance mission, and ensure that the Banks remain adequately
capitalized and able to raise funds in the capital markets;
WHEREAS, under section 20 of the Bank Act (12 U.S.C. 5 1440), the Finance Board must
require reports of condition of all Banks in such form as the Finance Board prescribes;
WHEREAS, under section 2B(a)(l) of the Bank Act (12 U.S.C. 4 1422b(a)(l)), the Finance
Board has authority to promulgate and enforce regulations and orders that are necessary from
time to time to carry out the provisions of the Bank Act; and
WHEREAS, the Finance Board recognizes the burden that reporting requirements can impose on
the Banks and intends to minimize such burden by requiring only data that it needs to ensure that
it can carry out its statutory duties.
NOW, THEREFORE, IT IS RESOLVED that the Board of Directors orders each Bank upon
approval of the Paperwork Reduction Act control number by the Office of Management and
Budget, to provide data to the Finance Board regarding its Affordable Housing Program (AHP)
pursuant to the AHP Reporting Instructions attached to this Resolution and included as Chapter
Five in the Data Reporting Manual (DRM); and
IT IS FURTHER RESOLVED that the Board of Directors delegates to the Director of the Office
of Supervision the authority to make technical and non-substantive changes to the AHP
Reporting Instructions from time to time.
By the Board of Directors
of the Federal Housing Finance Board

Ronald A. Rosenfeld, Chairman
Attachment