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 March 12, 2002. 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:
Mary H. Gottlieb, Office of General Counsel, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006, (202) 408-2826; e-mail: gottliebm@fhfb.gov.
By the Federal Housing Finance Board.
James L. Bothwell, Managing Director.
| Federal Housing Finance Board—Proposed Rule Stage | Sequence Number | Title | Regulation Identification Number |
|---|---|---|
| 3867 | Definition of "Non-Mortgage Assets" | 3069-AB10 |
| Federal Housing Finance Board—Long-Term Actions | Sequence Number | Title | Regulation Identification Number |
|---|---|---|
| 3868 | Amendments to Privacy Act Regulation | 3069-AB07 |
| 3869 | Federal Home Loan Bank Securities Offerings | 3069-AB08 |
| 3870 | Multiple Bank Membership | 3069-AB09 |
| Federal Housing Finance Board—Completed Actions | Sequence Number | Title | Regulation Identification Number |
|---|---|---|
| 3871 | Rules of Practice and Procedures | 3069-AB03 |
| 3872 | Unsecured Credit Limits | 3069-AB11 |
| 3873 | Technical Corrections Related to Regulatory Reorganization | 3069-AB12 |
| 3874 | Affordable Housing Program Amendments | 3069-AB14 |
| 3875 | Office of Finance Board of Directors Meetings | 3069-AB15 |
| Federal Housing Finance Board—Discontinued Entries | Regulation Identification Number | Title | Date Withdrawn | Comments |
|---|---|---|---|
| 3069-AB13 | Amendment of Housing Associate Regulation | 02/04/2002 | Withdrawn From Consideration |
3867. 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 has published a proposed 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 |
| NPRM | 03/07/02 | 67 FR 10337 |
| NPRM Comment Period End | 04/08/02 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Neil R. Crowley, Deputy General Counsel, Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2990
Fax: 202 408-2580
Email: crowleyn@fhfb.gov
RIN:
3069-AB10
3868. AMENDMENTS TO PRIVACY ACT REGULATION
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Info./Admin./Other
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 913
Regulatory Flexibility Analysis Required:
No
Government Levels Affected:
None
Agency Contact:
Janice A. Kaye
Phone: 202 408-2505
Fax: 202 408-2580
Email: kayej@fhfb.gov
RIN:
3069-AB07
3869. FEDERAL HOME LOAN BANK SECURITIES OFFERINGS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Other Significant
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 990
Regulatory Flexibility Analysis Required:
No
Government Levels Affected:
None
Agency Contact:
Neil R. Crowley
Phone: 202 408-2990
Fax: 202 408-2580
Email: crowleyn@fhfb.gov
RIN:
3069-AB08
3870. MULTIPLE BANK MEMBERSHIP
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Other Significant
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 925
| Action | Date | FR Cite |
| Multiple Bank Membership Solicitation of Comments | 10/03/01 | 66 FR 50366 |
| Extension of Comment Period | 12/04/01 | 66 FR 63007 |
| Solicitation of Comments Period End | 03/04/02 |
Regulatory Flexibility Analysis Required:
No
Government Levels Affected:
None
Agency Contact:
Neil R. Crowley
Phone: 202 408-2990
Fax: 202 408-2580
Email: crowleyn@fhfb.gov
RIN:
3069-AB09
3871. 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 final 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 | 03/05/02 | 67 FR 9897 |
| Final Action Effective | 04/04/02 |
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
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 Finance Board amended the unsecured credit provisions of the capital rule to require FHLBanks to base unsecured credit limits on the long-term credit rating of a counterparty, change the amount of unsecured credit that a FHLBank can extend to a Government-sponsored enterprise, and adjust the limits on overnight Federal funds transactions and on the amount of unsecured credit that can be extended to groups of affiliated counterparties. The amendments also clarified how an FHLBank calculates its credit exposure from on- and off-balance sheet items and derivative contracts, and made other clarifying and technical changes to the rule.
| Action | Date | FR Cite |
| NPRM | 03/07/01 | 66 FR 13688 |
| NPRM Comment Period End | 04/23/01 | |
| NPRM | 08/08/01 | 66 FR 41474 |
| NPRM Comment Period End | 09/07/01 | |
| Final Action | 12/27/01 | 66 FR 66718 |
| Final Action Effective | 03/27/02 |
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
3873. 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 has issued a final rule making necessary technical corrections arising from the reorganization.
| Action | Date | FR Cite |
| Final Rule | 03/20/02 | 67 FR 12841 |
| Final Rule Effective Date | 03/20/02 |
Regulatory Flexibility Analysis Required:
No
Small Entities Affected:
No
Government Levels Affected:
None
Agency Contact:
Mary H. Gottlieb, Federal Housing Finance Board, Office of General Counsel, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2826
Fax: 202 408-2580
RIN:
3069-AB12
3874. ¤ AFFORDABLE HOUSING PROGRAM AMENDMENTS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Substantive, Nonsignificant
Legal Authority:
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 951
Legal Deadline:
None
Abstract:
The Finance Board has issued a final rule amending its regulations governing the operation of the Affordable Housing Program to improve its operation and effectiveness.
| Action | Date | FR Cite |
| NPRM | 12/27/01 | 66 FR 66813 |
| NPRM Comment Period End | 02/25/02 | |
| Final Rule | 04/17/02 | 67 FR 18796 |
| Final Rule Effective Date | 05/17/02 |
Regulatory Flexibility Analysis Required:
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-AB14
3875. ¤ OFFICE OF FINANCE BOARD OF DIRECTORS MEETINGS
Agency:
Federal Housing Finance Board (FHFB)
Priority:
Substantive, Nonsignificant
Legal Authority:
CFR Citation: (To search for a specific CFR, visit the Code of Federal Regulations.)
12 CFR 985
Legal Deadline:
None
Abstract:
The Finance Board has issued a final rule amending its regulation governing the minimum number of meetings that the board of directors of the Office of Finance must hold each year to require at least six in-person meetings.
| Action | Date | FR Cite |
| NPRM | 03/07/02 | 67 FR 10339 |
| NPRM Comment Period End | 04/08/02 | |
| Final Rule | 04/17/02 | 67 FR 18806 |
| Final Rule Effective | 05/17/02 |
Regulatory Flexibility Analysis Required:
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-AB15