FHLBank Examination Manual

The Federal Housing Finance Board Examination Manual is a resource that provides standards and expectations for examinations of the Federal Home Loan Banks, the Office of Finance, and the Financing Corporation. The Examination Manual documents examination objectives and procedures, provides guidance to examination staff, and promotes an effective, consistent, and efficient examination process.


Complete Manual

Part I - General Information
    Purpose of the Manual
    Overview of the FHLBank System

Part II - Risk-Based Supervisory Program
    Supervisory Process
    Federal Home Loan Bank Rating System

Part III - Examination Process
    Examination Process
    Report of Examination

Part IV - Examination Narratives and Programs
    Corporate Governance
        Board of Directors and Senior Management Governance
        Board of Directors and Senior Management Governance Work Program
        Strategic Planning
        Strategic Planning Examination Work Program
        External/Internal Audit
        External/Internal Audit Examination Work Program    
    Market, Credit and Operational Risk
        Interest Rate Risk Measurement and Management
        Interest Rate Risk Measurement and Management Work Program
        Risk-Modeling Examination Support
        Risk-Modeling Examination Support Work Program
        Risk Management of Financial Derivative Instruments
        Risk Management of Financial Derivative Instruments Work Program
        Investment Portfolio Management
        Investment Portfolio Management Work Program
        Acquired Member Assets
        Acquired Member Assets Work Program
        Business Continuity
        Business Continuity Work Program
        Insurance Management
        Insurance Management Work Program
        Information Technology
        Information Technology Work Program
        Liquidity Management
        Liquidity Management Work Program
        Payment Systems-Wire Transfers and Automated Clearing House (ACH)
        Payment Systems-Wire Transfers and ACH Work Program
        Secured Credit
        Secured Credit Work Program
        Membership
        Membership Work Program
        Securities Safekeeping Operations
        Securities Safekeeping Operations Work Program
    Condition and Performance
        Financial Condition and Performance
        Financial Condition and Performance Work Program
        Financial Reporting Operations
        Financial Reporting Operations Work Program
    Office of Finance and Financing Corporation
        Office of Finance and Financing Corporation
        Office of Finance and Financing Corporation Work Program