Unified Agenda
12 CFR Ch. IX
AGENCY:
Federal Housing Finance Board.
ACTION:
Semiannual regulatory agenda.
SUMMARY:
The Federal Housing Finance Board (Finance Board) hereby publishes items for the Unified Agenda of Federal Regulatory and Deregulatory Actions, as required by section 4 of Executive Order 12866. These items reflect the status of the regulatory agenda of the Finance Board as of April 15, 2001. The Finance Board is an independent agency in the executive branch of the Government that is charged by statute with supervising and regulating the Nation's Federal Home Loan Bank (Bank) System and the Financing Corporation (FICO). The Bank System comprises 12 regional Federal Home Loan Banks that are each owned by their member financial institutions and that provide wholesale credit to members and certain nonmembers to be used for mortgage lending and related community lending activities. The Bank System also includes the Office of Finance, which issues Bank System consolidated obligations. FICO is a corporate entity separate from the Bank System that oversees outstanding debt issued to assist in resolving the savings and loan crisis of the 1980s. The Finance Board has an ongoing need to adopt various regulations dealing with the agency's internal administration and with Bank System and FICO issues.
ADDRESSES:
Secretary to the Board, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006, (202) 408-2837.
FOR FURTHER INFORMATION CONTACT:
Eric M. Raudenbush, Senior Attorney-Advisor, Office of General Counsel, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006, (202) 408-2932; e-mail: raudenbushe@fhfb.gov.
By the Federal Housing Finance Board.
James L. Bothwell, Managing Director.
| Federal Housing Finance Board—Prerule Stage | Sequence Number | Title | Regulation Identification Number |
|---|---|---|
| 4290 | Capital Requirements for Federal Home Loan Banks | 3069-AB06 |
| 4291 | Multiple Bank Membership | 3069-AB09 |
| Federal Housing Finance Board—Proposed Rule Stage | Sequence Number | Title | Regulation Identification Number |
|---|---|---|
| 4292 | Amendment of Community Investment Cash Advance Regulation | 3069-AA99 |
| 4293 | Affordable Housing Program Amendments | 3069-AB04 |
| 4294 | Federal Home Loan Bank Securities Offerings | 3069-AB08 |
| 4295 | Unsecured Credit Limits | 3069-AB11 |
| Federal Housing Finance Board—Final Rule Stage | Sequence Number | Title | Regulation Identification Number |
|---|---|---|
| 4296 | Rules of Practice and Procedures | 3069-AB03 |
| 4297 | Maintenance of Effort - Minimum Number of Annual Bank Board of Directors Meetings | 3069-AB05 |
| 4298 | Amendments to Privacy Act Regulation | 3069-AB07 |
| 4299 | Definition of "Non-Mortgage Assets" | 3069-AB10 |
| 4300 | Technical Corrections Related to Regulatory Reorganization | 3069-AB12 |
| Federal Housing Finance Board—Completed Actions | Sequence Number | Title | Regulation Identification Number |
|---|---|---|
| 4301 | Minimum Capital Requirements for the Federal Home Loan Banks | 3069-AB01 |
4290. ¤ CAPITAL REQUIREMENTS FOR FEDERAL HOME LOAN BANKS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Other Significant
Legal Authority:
12 USC 1426; 12 USC 1422b(a); 12 USC 1422a(a)(3); 12 USC 1440; 12 USC 1443; 12 USC 1446
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 915; 12 CFR 917; 12 CFR 925; 12 CFR 930; 12 CFR 931; 12 CFR 932; 12 CFR 933; 12 CFR 956; 12 CFR 966
Legal Deadline:
None
Abstract:
On December 20, 2000, the Finance Board adopted regulations implementing a new capital structure for the Banks as required by the Federal Home Loan Bank System Modernization Act of 1999. To help assure smooth implementation of the new capital structure, the Finance Board intends to issue an Advanced Notice of Proposed Rulemaking (ANPR) to seek information as to whether recent actions by other regulatory bodies, changes in the economy, or issues not previously identified by the Banks may require additions or amendments to the capital regulations. The Finance Board will only take further action if the information collected through the ANPR indicates a need for such action.
| Action | Date | FR Cite |
| ANPRM | 03/09/01 | 66 FR 14093 |
| ANPRM Comment Period End | 04/09/01 | |
| NPRM | 06/00/01 | |
| NPRM Comment Period End | 07/00/01 | |
| Final Action | 08/00/01 | |
| Final Action Effective | 09/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Thomas E. Joseph, Attorney-Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2512
Fax: 202 408-2580
Email: josepht@fhfb.gov
RIN:
3069-AB06
4291. ¤ MULTIPLE BANK MEMBERSHIP
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Other Significant
Legal Authority:
12 USC 1422b(a); 12 USC 1424
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 925
Legal Deadline:
None
Abstract:
The Finance Board intends to publish an Advanced Notice of Proposed Rulemaking (ANPR) to solicit comments on whether a financial institution doing business in more than one Bank district may hold simultaneous memberships in two or more Banks.
| Action | Date | FR Cite |
| ANPRM | 05/00/01 | |
| ANPRM Comment Period End | 08/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Sharon B. Like, Senior Attorney-Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: likes@fhfb.gov
RIN:
3069-AB09
4292. AMENDMENT OF COMMUNITY INVESTMENT CASH ADVANCE REGULATION
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Substantive, Nonsignificant
Legal Authority:
12 USC 1422b(a)(1); 12 USC 1430
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 952
Legal Deadline:
None
Abstract:
The Finance Board intends to adopt a proposed rule amending the Community Investment Cash Advance (CICA) regulation to make certain technical revisions clarifying CICA program requirements and improving the operation of CICA programs.
| Action | Date | FR Cite |
| NPRM | 06/00/01 | |
| NPRM Comment Period End | 08/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Sharon B. Like, Senior Attorney-Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: likes@fhfb.gov
RIN:
3069-AA99
4293. ¤ AFFORDABLE HOUSING PROGRAM AMENDMENTS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Substantive, Nonsignificant
Legal Authority:
12 USC 1430(j)
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 951
Legal Deadline:
None
Abstract:
The Finance Board intends to adopt a proposed rule amending the Affordable Housing Program (AHP) regulation to make certain changes to improve the operation and effectiveness of the AHP.
| Action | Date | FR Cite |
| NPRM | 06/00/01 | |
| NPRM Comment Period End | 08/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Sharon B. Like, Senior Attorney-Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: likes@fhfb.gov
RIN:
3069-AB04
4294. ¤ FEDERAL HOME LOAN BANK SECURITIES OFFERINGS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Other Significant
Legal Authority:
12 USC 1422a(a)(3)(A); 12 USC 1422b(a)(1)
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 990
Legal Deadline:
None
Abstract:
The Finance Board intends to issue a proposed rule to amend its regulations to set forth the process and manner by which a Bank may offer capital stock in a general solicitation to its members. The rule will establish filing, content and distribution requirements for such general solicitations, and will require disclosure to be consistent with corresponding requirements contained in the Securities and Exchange Commission's' Regulations S-K (specific narrative requirements) and S-X (accounting and financial statement requirements).
| Action | Date | FR Cite |
| NPRM | 06/00/01 | |
| NPRM Comment Period End | 08/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Eric E. Berg, Senior Attorney-Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2589
Fax: 202 408-2580
Email: berge@fhfb.gov
RIN:
3069-AB08
4295. ¤ UNSECURED CREDIT LIMITS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Other Significant
Legal Authority:
12 USC 1422b(a), 12 USC 1422(a)(3); 12 USC 1426; 12 USC 1440
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 932.9
Legal Deadline:
None
Abstract:
The proposed rule would allow the Banks to extend greater amounts of unsecured credit to government sponsored entities than allowed under the current rule. The proposal also requests comments on whether limits on extension of overnight Federal funds should be removed.
| Action | Date | FR Cite |
| NPRM | 03/07/01 | 66 FR 13688 |
| NPRM Comment Period End | 04/23/01 | |
| Final Action | 06/00/01 | |
| Final Action Effective | 07/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Thomas E. Joseph, Attorney-Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2512
Fax: 202 408-2580
Email: josepht@fhfb.gov
RIN:
3069-AB11
4296. ¤ RULES OF PRACTICE AND PROCEDURES
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Other Significant
Legal Authority:
12 USC 1422b(a)(1); 12 USC 1422b(a)(5); 12 USC 4631(c); 12 USC 4631(f); 12 USC 1818(b)6 to 7; 12 USC 1422b(a)(2)
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 907; 12 CFR 908
Legal Deadline:
None
Abstract:
The Finance Board published proposed Rules of Practice and Procedure to implement enforcement powers conferred on the agency by the Federal Home Loan Bank System Modernization Act of 1999.
| Action | Date | FR Cite |
| NPRM | 12/18/00 | 65 FR 78994 |
| NPRM Comment Period End | 01/17/01 | |
| Final Action | 06/00/01 | |
| Final Action Effective | 08/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Charlotte A. Reid, Special Counsel, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2510
Fax: 202 408-2580
Email: reidc@fhfb.gov
RIN:
3069-AB03
4297. ¤ MAINTENANCE OF EFFORT - MINIMUM NUMBER OF ANNUAL BANK BOARD OF DIRECTORS MEETINGS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Substantive, Nonsignificant
Legal Authority:
12 USC 1422b(a); 12 USC 1427
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 918
Legal Deadline:
None
Abstract:
The Finance Board intends to adopt an interim final rule that would amend its regulation on meetings of Bank boards of directors to reduce the required minimum number of in-person board of directors meetings that a Bank must hold annually to six meetings.
| Action | Date | FR Cite |
| Interim Final Rule | 05/00/01 | |
| Interim Final Rule Effective | 06/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Sharon B. Like, Senior Attorney-Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: likes@fhfb.gov
RIN:
3069-AB05
4298. ¤ AMENDMENTS TO PRIVACY ACT REGULATION
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Info./Admin./Other
Legal Authority:
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 913
Legal Deadline:
None
Abstract:
The Finance Board intends to issue an interim final rule to revise its Privacy Act regulation to reflect an agency reorganization. Responsibility for administering the Finance Board's Privacy Act program has been transferred from the Executive Secretariat to the Office of General Counsel (OGC) and an OGC staff member has replaced the Secretary to the Board of Directors as the Finance Board's Privacy Act Official.
| Action | Date | FR Cite |
| Interim Final Rule | 07/00/01 | |
| Interim Final Rule Effective | 07/00/01 | |
| Interim Final Rule Comment Period End | 08/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Janice A. Kaye, Attorney Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2505
Fax: 202 408-2580
Email: kayej@fhfb.gov
RIN:
3069-AB07
4299. ¤ DEFINITION OF "NON-MORTGAGE ASSETS"
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Substantive, Nonsignificant
Legal Authority:
12 USC 1422b(a); 12 USC 1426(a)
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 966.3
Legal Deadline:
None
Abstract:
The Finance Board intends to publish an interim final rule to redefine "non-mortgage assets" for purposes of calculating the appropriate assets-to-capital leverage limit that applies to each Bank, pending the Bank's compliance with the new capital regulations.
| Action | Date | FR Cite |
| Interim Final Rule | 04/00/01 | |
| Interim Final Rule Comment Period End | 05/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Eric M. Raudenbush, Senior Attorney-Adviser, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2932
Fax: 202 408-2580
Email: raudenbushe@fhfb.gov
RIN:
3069-AB10
4300. ¤ TECHNICAL CORRECTIONS RELATED TO REGULATORY REORGANIZATION
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Info./Admin./Other
Legal Authority:
12 USC 1422b(a)
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR ch IX
Legal Deadline:
None
Abstract:
In 2000, the Finance Board issued a final rule to reorganize and renumber its regulations. Because of the complexity of this rulemaking, several technical mistakes were made and several needed changes were overlooked. The Finance Board intends to issue an interim final rule to make any necessary technical corrections arising from the reorganization.
| Action | Date | FR Cite |
| Interim Final Rule | 05/00/01 | |
| Interim Final Rule Comment Period End | 06/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Eric M. Raudenbush, Senior Attorney-Adviser, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2932
Fax: 202 408-2580
Email: raudenbushe@fhfb.gov
RIN:
3069-AB12
4301. MINIMUM CAPITAL REQUIREMENTS FOR THE FEDERAL HOME LOAN BANKS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Other Significant
Legal Authority:
12 USC 1426; 12 USC 1422b(a)
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 917; 12 CFR 925; 12 CFR 930; 12 CFR 931; 12 CFR 932; 12 CFR 933; 12 CFR 956; 12 CFR 960
Legal Deadline:
Final, Statutory, May 12, 2001.
Abstract:
The Finance Board amended its regulations to implement a new capital structure for the Banks, as required by the Federal Home Loan Bank System Modernization Act of 1999. The final rule establishes risk-based and leverage capital requirements for the Banks. It also addresses the different classes of stock that a Bank may issue, the rights and preferences that may be associated with each class of stock, and the capital plans that each Bank must submit for Finance Board approval.
| Action | Date | FR Cite |
| NPRM | 07/13/00 | 65 FR 43408 |
| NPRM Comment Period End | 11/20/00 | 65 FR 57748 |
| Final Action | 01/30/01 | 66 FR 8262 |
| Final Action Effective | 03/01/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Thomas E. Joseph, Attorney-Advisor, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2512
Fax: 202 408-2580
Email: josepht@fhfb.gov
RIN:
3069-AB01