12 CFR § 1239.1 - Purpose.

---
identifier: "/us/cfr/t12/s1239.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1239.1 - Purpose."
title_number: 12
title_name: "Banks and Banking"
section_number: "1239.1"
section_name: "Purpose."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "B"
subchapter_name: "ENTITY REGULATIONS"
part_number: "1239"
part_name: "RESPONSIBILITIES OF BOARDS OF DIRECTORS, CORPORATE PRACTICES, AND CORPORATE GOVERNANCE"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1426, 1427, 1432(a), 1436(a), 1440, 4511(b), 4513(a), 4513(b), 4526, and 15 U.S.C. 78(b)."
regulatory_source: "80 FR 72336, Nov. 19, 2015, unless otherwise noted."
cfr_part: "1239"
---


# 1239.1 Purpose.

FHFA is responsible for supervising and ensuring the safety and soundness of the regulated entities. In furtherance of those responsibilities, this part sets forth minimum standards with respect to responsibilities of boards of directors, corporate practices, and corporate governance matters of the regulated entities.