PRIMACY OF FINANCIAL SAFETY AND SOUNDNESS FOR FEDERAL HOUSING FINANCE BOARD.

SEC. 1391. PRIMACY OF FINANCIAL SAFETY AND SOUNDNESS FOR FEDERAL HOUSING FINANCE BOARD.Section 2A(a)(3) of the Federal Home Loan Bank Act (12 U.S.C. 1422a(a)(3)) is amended to read as follows: “(3) Duties.— “(A) Safety and soundness.—The primary duty of the Board shall be to ensure that the Federal Home Loan Banks operate in a financially safe and sound manner. “(B) Other duties.— To the extent consistent with subparagraph (A), the duties of the Board shall also be— “(i) to supervise the Federal Home Loan Banks; “(ii) to ensure that the Federal Home Loan Banks carry out their housing finance mission; and “(iii) to ensure that the Federal Home Loan Banks remain adequately capitalized and able to raise funds in the capital markets.”.