Unified Agenda
12 CFR Ch. XVII
AGENCY:
Office of Federal Housing Enterprise Oversight.
ACTION:
Semiannual regulatory agenda.
SUMMARY:
This notice is given pursuant to the requirements of the "Regulatory Flexibility Act" (Pub. L. 96-354, September 19, 1980) and Executive Order 12866 ("Regulatory Planning and Review," September 30, 1993), which require the publication of a semiannual agenda of regulations.
FOR FURTHER INFORMATION CONTACT:
Alfred M. Pollard, General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW., Washington, DC 20552, (202) 414-3788.
Dated:
August 15, 2001.
Armando Falcon, Jr., Director, Office of Federal Housing Enterprise Oversight.
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Substantive, Nonsignificant
Legal Authority:
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1750
Legal Deadline:
None
Abstract:
OFHEO is proposing an amendment that will update the minimum capital regulation to accommodate changes in Generally Accepted Accounting Principles, clarify reporting requirements, and make supervisory monitoring of capital more transparent.
| Action | Date | FR Cite |
| NPRM | 12/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Dorothy J. Acosta, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3748
RIN:
2550-AA18
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Substantive, Nonsignificant
Legal Authority:
12 USC 4513; 12 USC 4631; 12 USC 4632
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1710
Legal Deadline:
None
Abstract:
The Office of Federal Housing Enterprise Oversight (OFHEO) is responsible for ensuring the safety and soundness of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (Enterprises). In furtherance of that responsibility, OFHEO is proposing a regulation to set forth minimum requirements with respect to corporate governance practices and procedures of the Enterprises.
| Action | Date | FR Cite |
| NPRM | 04/10/01 | 66 FR 18709 |
| NPRM Withdrawn | 04/20/01 | 66 FR 20217 |
| NPRM | 09/12/01 | 66 FR 47557 |
| NPRM Comment Period End | 11/13/01 | |
| NPRM Comment Period Extended | 12/13/01 | 66 FR 56619 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Alfred M. Pollard, General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3788
Email: apollard@ofheo.gov
RIN:
2550-AA20
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Info./Admin./Other
Legal Authority:
12 USC 4521(a)(4); 42 USC 4001 note; 28 USC 2461 note; 42 USC 4012a(f)(3), (4), (8), (10); 12 USC 4513; 12 USC 4536(a)
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1773
Legal Deadline:
None
Abstract:
OFHEO is proposing to codify the authority and responsibility of OFHEO to oversee and enforce the statutory requirements affecting the operations of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation under the National Flood Insurance Reform Act of 1994, and to effect congressionally mandated adjustments to the civil money penalties applicable to violations of that law.
| Action | Date | FR Cite |
| NPRM | 09/12/01 | 66 FR 47563 |
| NPRM Comment Period End | 10/12/01 | |
| Final Action | 12/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Alfred M. Pollard, General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3788
Email: apollard@ofheo.gov
RIN:
2550-AA21
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Substantive, Nonsignificant
Legal Authority:
12 USC 4513(a); 12 USC 4513(b)(1) to (b)(5); 12 USC 4517(a); 12 USC 4521(a)(2) to (a)(3); 12 USC 4631; 12 USC 4632; 12 USC 4636
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1720
Legal Deadline:
None
Abstract:
The Office of Federal Housing Enterprise Oversight (OFHEO) is proposing a regulation to increase transparency and public awareness of the supervisory standards that OFHEO applies in overseeing the safety and soundness of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Two policy guidances are attached to the proposed rule—one sets forth minimum safety and soundness requirements, and the other sets forth standards for financial information systems.
| Action | Date | FR Cite |
| NPRM | 12/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Alfred M. Pollard, General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3788
Email: apollard@ofheo.gov
RIN:
2550-AA22
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Other Significant
Legal Authority:
12 USC 4513; 12 USC 4514; 12 USC 4611; 12 USC 4612; 12 USC 4614
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1750
Legal Deadline:
None
Abstract:
The Office of Federal Housing Enterprise Oversight is proposing to amend appendix A to subpart B of 12 CFR part 1750 "Risk-Based Capital" to modify provisions relating to counterparty haircuts, modeling of multifamily loans, and refunding and to make several technical adjustments and enhancements. These amendments are intended to refine the stress test model to tie capital more closely to risk.
| Action | Date | FR Cite |
| NPRM | 12/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Dorothy J. Acosta, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3748
RIN:
2550-AA23
3886. PROMPT SUPERVISORY RESPONSE AND PROMPT CORRECTIVE ACTION
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Substantive, Nonsignificant
Legal Authority:
12 USC 1452(b)(2); 12 USC 1456(c); 12 USC 1718(c)(2); 12 USC 1723a(k); 12 USC 4513(a),(b); 12 USC 4514; 12 USC 4517; 12 USC 4611 to 4619; 12 USC 4622 to 4623; 12 USC 4631; 12 USC 4635; ...
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1777
Legal Deadline:
None
Abstract:
The proposed regulation will implement 12 U.S.C. 4611-4619 and 4622-4623, requiring classification of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (the Enterprises) according to their capital ratios, with mandatory action to be taken if classified as less than 'adequately capitalized.' Certain other actions may also be required under the proposed regulation whenever specified developments occur that warrant special supervisory review by OFHEO.
| Action | Date | FR Cite |
| NPRM | 04/10/01 | 66 FR 18702 |
| NPRM Comment Period End | 07/09/01 | |
| Final Action | 12/00/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Alfred M. Pollard, General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3788
Email: apollard@ofheo.gov
RIN:
2550-AA12
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Economically Significant. Major under 5 USC 801.
Legal Authority:
12 USC 4513; 12 USC 4514; 12 USC 4611 to 4612; 12 USC 4614; 12 USC 4618
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1750
Legal Deadline:
Final, Statutory, December 1, 1994.
Abstract:
The final regulation specifies the risk-based capital stress test that is used to determine the amount of capital the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (the Enterprises) must each hold to maintain positive capital throughout a 10-year period of economic stress. The results of the risk-based capital stress test will be used to determine each Enterprise's risk-based capital requirements and, along with the minimum capital requirement, to determine each Enterprise's capital classification for purposes of possible supervisory action.
| Action | Date | FR Cite |
| ANPRM | 02/08/95 | 60 FR 7468 |
| ANPRM Comment Period End | 05/09/95 | |
| NPRM | 06/11/96 | 61 FR 29592 |
| NPRM Comment Period Extended | 08/19/96 | 61 FR 42824 |
| Second NPRM | 04/13/99 | 64 FR 18083 |
| Second NPRM Comment Period Extended | 06/14/99 | 64 FR 31756 |
| Availability of Supplemental Information | 06/18/99 | 64 FR 32828 |
| Second NPRM Comment Period Extended | 10/19/99 | 64 FR 56274 |
| Solicitation of Reply Comments | 03/13/00 | 65 FR 13251 |
| Final Rule | 09/13/01 | 66 FR 47730 |
| Final Rule Effective | 09/13/01 | |
| Final Action | To Be Determined |
Regulatory Flexibility Analysis Required:
No
Government Levels Affected:
None
Agency Contact:
Dorothy J. Acosta, Deputy General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3748
RIN:
2550-AA02
3888. ENFORCEMENT OF NONDISCRIMINATION ON THE BASIS OF DISABILITY IN PROGRAMS OR ACTIVITIES CONDUCTED BY THE OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Info./Admin./Other
Legal Authority:
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1706
Legal Deadline:
None
Abstract:
The proposed regulation will implement section 504 of the Rehabilitation Act of 1973 to prohibit discrimination on the basis of disability in programs or activities conducted by OFHEO.
| Action | Date | FR Cite |
| NPRM | To Be Determined |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Isabella W. Sammons, Associate General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3790
RIN:
2550-AA11
Agency:
Office of Federal Housing Enterprise Oversight (OFHEO)
Priority:
Substantive, Nonsignificant
Legal Authority:
12 USC 1452(h)(2); 12 USC 1723a(d)(3)(B); 12 USC 4501(6); 12 USC 4502(3),(7); 12 USC 4513 to 4514; 12 USC 4517 to 4518(a); 12 USC 4631 to 4632; 12 USC 4636; 12 USC 4641; ...
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 1770
Legal Deadline:
None
Abstract:
This regulation clarifies the procedures OFHEO uses in overseeing compensation provided by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (the Enterprises) to their executive officers. It largely formalizes processes currently used by OFHEO in performing its executive compensation oversight responsibilities by requiring the timely submission of relevant information by the Enterprises.
| Action | Date | FR Cite |
| NPRM | 12/27/00 | 65 FR 81771 |
| NPRM Comment Period End | 03/27/01 | |
| Final Action | 09/12/01 | 66 FR 47550 |
| Final Action Effective | 10/29/01 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Christine C. Dion, Associate General Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street NW, Washington, DC 20552
Phone: 202 414-3838
RIN:
2550-AA13