ContractJoint Capital Enhancement Agreement • May 5th, 2020
EX-99.1 2 a991jceaasamendedjunexx2011.htm JOINT CAPITAL ENHANCEMENT AGREEMENT, AMENDED Final JOINT CAPITAL ENHANCEMENT AGREEMENT This Joint Capital Enhancement Agreement, as amended, was entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date, and has been amended as of the Amendment Effective Date. WHEREAS, the Federal Home Loan Banks are federal instrumentalities chartered pursuant to an Act of Congress and established to perform the important federal function of providing a stable source of low cost funds for their member financial institutions; WHEREAS, the ability of the Federal Home Loan Banks to provide significant sources of liquidity to their members during the recent economic crisis was an important factor in stabilizing the financial markets of the United States; WHEREAS, the continued ability of the Federal Home Loan Banks to perform their important federal miss
JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of Indianapolis • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement (“this Agreement”) is entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date provided in this Agreement.
Joint Capital Enhancement Agreement Questions and Answers March 1, 2011Joint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of New York • Federal & federally-sponsored credit agencies
A 1: The Joint Capital Enhancement Agreement among the 12 Federal Home Loan Banks (“FHLBanks”) is intended to provide a Systemwide framework for the use of that portion of the FHLBanks’ earnings historically paid to satisfy their Resolution Funding Corporation (“REFCORP”) obligations. The FHLBanks’ REFCORP obligations are expected to be fully satisfied during the 2011 calendar year. The intent of the Agreement is to set aside that portion of each FHLBank’s earnings historically used to satisfy its REFCORP obligation to enhance the capital position of each individual FHLBank and the FHLBank System.
EX-99.1 2 dex991.htm JOINT CAPITAL ENHANCEMENT AGREEMENT JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • May 5th, 2020 • New York
This Joint Capital Enhancement Agreement (“this Agreement”) is entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date provided in this Agreement.
Joint Capital Enhancement Agreement Questions and Answers March 1, 2011Joint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of San Francisco • Federal & federally-sponsored credit agencies
A 1: The Joint Capital Enhancement Agreement among the 12 Federal Home Loan Banks ("FHLBanks") is intended to provide a Systemwide framework for the use of that portion of the FHLBanks' earnings historically paid to satisfy their Resolution Funding Corporation ("REFCORP") obligations. The FHLBanks' REFCORP obligations are expected to be fully satisfied during the 2011 calendar year. The intent of the Agreement is to set aside that portion of each FHLBank's earnings historically used to satisfy its REFCORP obligation to enhance the capital position of each individual FHLBank and the FHLBank System.
FHLBanks’ Joint Capital Enhancement AgreementJoint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of Topeka • Federal & federally-sponsored credit agencies
FHLBanks’ Joint Capital Enhancement Agreement and Amendments to the FHLBNY’s Capital Plan [Individually Addressed to Customers]Joint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of New York • Federal & federally-sponsored credit agencies
On February 28, 2011, the 12 Federal Home Loan Banks entered into a Joint Capital Enhancement Agreement (Agreement) intended to enhance the capital position of each FHLBank. The FHLBanks subsequently amended their capital plans to implement the provisions of the Agreement, and I am writing to advise you that, on August 5, 2011, the Federal Housing Finance Agency (FHFA) approved these capital plan amendments. The amended capital plans, including the Federal Home Loan Bank of New York’s (FHLBNY) amended Capital Plan, will become effective on September 5, 2011.
JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of Boston • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement (“this Agreement”) is entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date provided in this Agreement.
Joint Capital Enhancement Agreement Questions and Answers March 1, 2011Joint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of Chicago • Federal & federally-sponsored credit agencies
A 1: The Joint Capital Enhancement Agreement among the 12 Federal Home Loan Banks (“FHLBanks”) is intended to provide a Systemwide framework for the use of that portion of the FHLBanks' earnings historically paid to satisfy their Resolution Funding Corporation (“REFCORP”) obligations. The FHLBanks' REFCORP obligations are expected to be fully satisfied during the 2011 calendar year. The intent of the Agreement is to set aside that portion of each FHLBank's earnings historically used to satisfy its REFCORP obligation to enhance the capital position of each individual FHLBank and the FHLBank System.
Re: FHLBanks' Joint Capital Enhancement Agreement and Amendments to the Seattle Bank's Capital PlanJoint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Seattle • Federal & federally-sponsored credit agencies
On February 28, 2011, the 12 Federal Home Loan Banks (FHLBanks) entered into a Joint Capital Enhancement Agreement (Agreement) intended to enhance the capital position of each FHLBank. I am pleased to announce that the FHLBanks have amended their capital plans to implement the provisions of the Agreement, and that the Federal Housing Finance Agency (Finance Agency) approved the capital plan amendments on August 5, 2011. The amended capital plans, including the Seattle Bank's amended capital plan, will become effective on September 5, 2011.
JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of New York • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement, as amended, was entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date, and has been amended as of the Amendment Effective Date.
August 5, 2011 FHLBanks' Joint Capital Enhancement Agreement and Amendments to the Bank's Capital Plan Dear Shareholder:Joint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Indianapolis • Federal & federally-sponsored credit agencies
On February 28, 2011, the 12 Federal Home Loan Banks entered into a Joint Capital Enhancement Agreement (the “Agreement”) intended to enhance the capital position of each FHLBank. I am pleased to announce that the FHLBanks have amended their capital plans to implement the provisions of the Agreement, and that the Federal Housing Finance Agency ("FHFA") approved the Bank's capital plan amendments on August 5, 2011, to become effective on September 5, 2011.
August 5, 2011 FHLBanks' Joint Capital Enhancement Agreement To Our Members:Joint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Chicago • Federal & federally-sponsored credit agencies
On February 28, 2011, the 12 Federal Home Loan Banks (FHLBanks) entered into a Joint Capital Enhancement Agreement (Agreement) intended to enhance the capital position of each FHLBank. I am pleased to announce that the FHLBanks have implemented the provisions of the Agreement. In order to do so, FHLB Chicago has amended its capital plan submission to the Federal Housing Finance Agency (FHFA) and the other 11 FHLBanks have amended their capital plans.
August 5, 2011 FHLBanks’ Joint Capital Enhancement Agreement and Amendments to the Bank’s Capital Plan Dear Member:Joint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Des Moines • Federal & federally-sponsored credit agencies
On February 28, 2011, the 12 Federal Home Loan Banks entered into a Joint Capital Enhancement Agreement (Agreement) intended to enhance the capital position of each FHLBank. I am pleased to announce that the FHLBanks have amended their capital plans to implement the provisions of the Agreement, and that the Federal Housing Finance Agency (FHFA) approved the capital plan amendments on August 5, 2011. The amended capital plans, including the Bank’s amended capital plan, will become effective on September 5, 2011.
JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of New York • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement (“this Agreement”) is entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date provided in this Agreement.
JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Cincinnati • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement, as amended, was entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date, and has been amended as of the Amendment Effective Date.
March 1, 2011 Re: FHLBank System Joint Capital Enhancement Agreement Dear Seattle Bank Members,Joint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of Seattle • Federal & federally-sponsored credit agencies
This week the Federal Home Loan Bank of Seattle (Seattle Bank) filed a Form 8-K with the Securities and Exchange Commission (SEC) to disclose that its Board of Directors has unanimously agreed to a Joint Capital Enhancement Agreement with the other 11 Federal Home Loan Banks (FHLBanks). The agreement calls for a System Capital Initiative, a plan for each FHLBank to build additional retained earnings and enhance its capital.
JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of Topeka • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement (“this Agreement”) is entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date provided in this Agreement.
JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Dallas • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement, as amended, was entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date, and has been amended as of the Amendment Effective Date.
JOINT CAPITAL ENHANCEMENT AGREEMENTJoint Capital Enhancement Agreement • August 5th, 2011 • Federal Home Loan Bank of Atlanta • Federal & federally-sponsored credit agencies • New York
This Joint Capital Enhancement Agreement, as amended, was entered into by each of the undersigned Federal Home Loan Banks (each a “Federal Home Loan Bank” and collectively the “Federal Home Loan Banks”) as of the Effective Date, and has been amended as of the Amendment Effective Date.
Joint Capital Enhancement Agreement Questions and Answers March 1, 2011Joint Capital Enhancement Agreement • March 1st, 2011 • Federal Home Loan Bank of Boston • Federal & federally-sponsored credit agencies
A 1: The Joint Capital Enhancement Agreement among the 12 Federal Home Loan Banks (“FHLBanks”) is intended to provide a Systemwide framework for the use of that portion of the FHLBanks’ earnings historically paid to satisfy their Resolution Funding Corporation (“REFCORP”) obligations. The FHLBanks’ REFCORP obligations are expected to be fully satisfied during the 2011 calendar year. The intent of the Agreement is to set aside that portion of each FHLBank’s earnings historically used to satisfy its REFCORP obligation to enhance the capital position of each individual FHLBank and the FHLBank System.
