Washington, DC – April 27, 2010 – (RealEstateRama) — The Federal Housing Finance Agency has sent to the Federal Register a final rule that restructures the board of directors of the Federal Home Loan Bank System’s (System) Office of Finance (OF) and enhances the responsibility of the OF board of directors audit committee for the System’s combined financial reports. The OF is responsible for issuing consolidated obligations on behalf of the 12 Federal Home Loan Banks, serves as their fiscal agent, and prepares disclosure materials associated with the marketing and sale of that debt, including the System’s quarterly and annual combined financial reports
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