3 FHLBanks Miss SEC Filing Deadline

Three of the 12 Federal Home Loan Banks have missed a June 30 deadline for filing initial registration statements with the Securities and Exchange Commission.But it appears that their regulator, the Federal Housing Finance Board, is pleased with the banks' efforts to register their stock and will not take any action regarding the missed regulatory deadline. The three banks "continue to resolve outstanding issues with the SEC and their external auditors as a precondition to their initial SEC filings," the Finance Board said. The three FHLBanks are the Atlanta, Des Moines (Iowa), and Topeka (Kan.) banks. The Topeka FHLBank previously announced that it would miss the June 30 deadline because it is in the midst of restating its 2001, 2002, and 2003 financial reports. The next regulatory deadline is Aug. 29, when the FHLBanks are supposed to file their first quarterly financial reports with the SEC.