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    <title>The Federal Register</title>
    <link>http://thefederalregister.com/b.p/department/FEDERAL_HOUSING_FINANCE_BOARD/2006-12-28/</link>
    <description>Daily Publications of Meetings and Rules Changes for the Federal Government</description>
    <pubDate>Fri, Dec 5 2008 11:00:00 GMT</pubDate>
    <lastBuildDate>Fri, Dec 5 2008 11:00:00 GMT</lastBuildDate>
    <webMaster>info@thefederalregister.com</webMaster>
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  <title><![CDATA[
Limitation on Issuance of Excess Stock ]]></title>
  <link>http://thefederalregister.com/d.p/2006-12-28-E6-22325</link>
  <description><![CDATA[ The Federal Housing Finance Board (Finance Board) is adopting 
a final rule limiting the ability of a Federal Home Loan Bank (Bank) to 
create member excess stock under certain circumstances. Under the rule, 
any Bank with excess stock greater than 1 percent of its total assets 
will be barred from further increasing member excess stock by paying 
dividends in the form of shares of stock (stock dividends) or otherwise 
issuing new excess stock. The final rule is based on a proposed rule 
that sought to impose a limit on excess stock and establish a minimum 
retained earnings requirement. The final rule deals only with the 
excess stock provisions of the proposal. The Finance Board intends to 
address retained earnings in a later rulemaking.
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  <guid>http://thefederalregister.com/d.p/2006-12-28-E6-22325</guid>
  <pubDate>Thu, Dec 28 2006 11:00:00 GMT</pubDate>
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