12 CFR § 1271.32 - Authority to establish investment policies and procedures.

---
identifier: "/us/cfr/t12/s1271.32"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1271.32 - Authority to establish investment policies and procedures."
title_number: 12
title_name: "Banks and Banking"
section_number: "1271.32"
section_name: "Authority to establish investment policies and procedures."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "D"
subchapter_name: "FEDERAL HOME LOAN BANKS"
part_number: "1271"
part_name: "MISCELLANEOUS FEDERAL HOME LOAN BANK OPERATIONS AND AUTHORITIES"
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. 1430, 1431, 1432, 1441(b)(8), (c), (j), 1442, 4511(b), 4513(a), 4526."
regulatory_source: "78 FR 2324, Jan. 11, 2013, unless otherwise noted."
cfr_part: "1271"
---


# 1271.32 Authority to establish investment policies and procedures.

The Directorate shall have authority to establish investment policies and procedures with respect to Financing Corporation funds provided that the investment policies and procedures are consistent with the requirements of section 21(g) of the Bank Act (12 U.S.C. 1441(g)). The Directorate shall promptly notify FHFA in writing of any changes to the investment policies and procedures.