CFR > Title 12 - Banks and Banking > CHAPTER IX—FEDERAL HOUSING FINANCE BOARD > SUBCHAPTER B—FEDERAL HOUSING FINANCE BOARD ORGANIZATION AND OPERATIONS (parts 905 to 912) > PART 905—DESCRIPTION OF ORGANIZATION AND FUNCTIONS > SUBPART B—General Organization (§905.10 to §905.14) > 905.13—Office of Supervision.

905.13—Office of Supervision.

(a) General. The Office of Supervision is responsible for conducting on-site examinations of the twelve Federal Home Loan Banks and the Office of Finance and conducting off-site monitoring and analysis. The Office of Supervision also is responsible for providing expert policy advice and analyzing and reporting on economic, housing finance, community investment and competitive environments in which the Bank System and its members operate.
(b) Responsibilities. The responsibilities of the Office of Supervision include:
(1) Conducting examinations, at least annually, of the Banks, the Office of Finance and the Financing Corporation and resolving outstanding examination issues;
(2) Monitoring Bank and Bank System market, credit and operational risks;
(3) Analyzing the financial performance of the Banks;
(4) Preparing the Monthly Survey of Rates and Terms of Conventional One-Family Nonfarm Mortgage Loans (MIRS) and determining the conforming loan limit for Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) purchases and guarantees;
(5) Analyzing the Banks' performance and policy issues arising under the Affordable Housing Program and the Community Investment Program; and
(6) Collecting and analyzing data on the housing and community and economic development activities of the Banks.