; and (IV) be subject to such additional reporting requirements as the Director determines appropriate, by rule. (iii) Failure to meet mission alignment standards requirement If the Director determines that a parent company no longer meets the mission alignment standards described under subparagraph (A)(i), the Director shall require the parent company to file quarterly reports with the Director for a 1-year period, showing how the parent company is seeking to comply with such mission alignment standards. (iv) Report on parent company compliance with capital standards (I) In general Each captive insurance company that is a member of a Federal Home Loan Bank shall issue a quarterly report to the Bank containing information on the compliance, by the parent company of the captive insurance company, with the capital standards described under subparagraph (A)(ii). (II) Report on non-compliance If a Federal Home Loan Bank receiving reports described under subclause (I) determines that a parent company has failed to meet the capital standards described under subparagraph (A)(ii) for 2 consecutive quarters, the Bank shall notify the Director of such failure. (v) Failure to meet capital standards requirement If the Director determines that a parent company no longer meets the capital standards described under subparagraph (A)(ii), the Director shall require the parent company to file a capital restoration plan with the Director and the Federal Home Loan Bank with respect to which the parent company’s captive insurance company is a member. (vi) Termination of membership A captive insurance company’s membership of a Federal Home Loan Bank shall be terminated, in accordance with section 6(d)(2) of the Federal Home Loan Bank Act ( 12 U.S.C. 1426(d)(2) ), if— (I) the parent company of the captive insurance company does not submit a capital restoration plan required under clause (v) that is substantially in compliance with section 1369C of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C.