CONGRESS

2015 FHFA Report to Congress
C O N T E N T S
Conservatorships of the Enterprises...........................iv
Managing the Conservatorships................................... 1
MAINTAIN................................................................. 2
REDUCE.................................................................... 5
BUILD........................................................................ 8
Supervision and Oversight ......................................... 12
Examination Authority for Regulated Entities ............ 13
Reports of Annual Examinations of
Fannie Mae and Freddie Mac..................................... 14
Financial Condition of the Enterprises.................... 14
Fannie Mae
(Federal National Mortgage Association)............... 17
Freddie Mac
(Federal Home Loan Mortgage Corporation)......... 18
Report of Annual Examinations of Federal Home
Loan Banks ................................................................. 20
Financial Overview.................................................. 20
District 1: The Federal Home Loan Bank
of Boston................................................................. 31
District 2: The Federal Home Loan Bank
of New York............................................................ 32
District 3: The Federal Home Loan Bank
of Pittsburgh............................................................ 33
District 4: The Federal Home Loan Bank
of Atlanta................................................................. 34
District 5: The Federal Home Loan Bank
of Cincinnati............................................................ 35
District 6: The Federal Home Loan Bank
of Indianapolis......................................................... 36
District 7: The Federal Home Loan Bank
of Chicago............................................................... 37
District 8: The Federal Home Loan Bank
of Des Moines......................................................... 38
District 9: The Federal Home Loan Bank
of Dallas.................................................................. 39
District 10: The Federal Home Loan Bank
of Topeka................................................................ 40
District 11: The Federal Home Loan Bank
of San Francisco..................................................... 41
Office of Finance..................................................... 42
Results of Stress Tests Under the Dodd-Frank
Wall Street Reform and Consumer Protection Act..... 43
Enterprise Housing Goals and Duty to Serve............. 46
Federal Home Loan Bank Mission
and Affordable Housing Programs............................. 49
Regulatory Guidance................................................... 54
Regulations............................................................. 54
Policy Guidance...................................................... 59
Legislative Recommendations.................................... 61
Research and Publications.....................................62
Reports to Congress................................................... 63
House Price Index....................................................... 64
Public Use Database................................................... 64
Historical Database (MIRS)......................................... 64
National Mortgage Database Project.......................... 64
Research Publications................................................. 65
FHFA Operations and Performance.......................66
Performance and Program Assessment..................... 67
Financial Operations.................................................... 67
Federal Housing Finance Oversight Board
Assessment.............................................................71
Enterprises................................................................... 71
FHLBanks.................................................................... 74
Appendix: Historical Data Tables............................... 76
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FEDERAL HOUSING FINANCE AGENCY