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Regulatory Interpretations, which were first issued in 1998, are written guidance issued by Federal Housing Finance Board staff with respect to application of the Federal Home Loan Bank Act or a Federal Housing Finance Board rule, regulation, policy, or order to a proposed transaction or activity. The authority to issue, and the procedure for applying for, a Regulatory Interpretation are found in sections 907.5, 907.6, and 907.7 of the Finance Board's Procedures regulation (12 C.F.R. §§ 907.5, 907.6, and 907.7). Regulatory Interpretations are numbered in sequence by year with the prefix “RI”, e.g., 1999-RI-##. |