[Federal Register Volume 64, Number 201 (Tuesday, October 19, 1999)]
[Proposed Rules]
[Pages 56274-56275]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27179]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of Federal Housing Enterprise Oversight

12 CFR Part 1750

RIN 2550-AA02


Risk-Based Capital

AGENCY: Office of Federal Housing Enterprise Oversight, HUD.

ACTION: Proposed rule; extension of public comment period for the 
second notice of proposed rulemaking.

-----------------------------------------------------------------------

SUMMARY: On April 13, 1999, the Office of Federal Housing Enterprise 
Oversight (OFHEO) published a notice of proposed rulemaking (NPR) 
entitled ''Risk-Based Capital'' in the Federal Register (64 FR 18083). 
This notice, known as NPR 2, is the second such proposal related to the 
development of a regulation to establish risk-based capital standards 
for the Federal Home Loan Mortgage Corporation (Freddie Mac) and the 
Federal National Mortgage Association (Fannie Mae). NPR 2 sets forth 
the specifications for the risk-based capital stress test, completing 
OFHEO's risk-based capital proposal.
    On June 14, 1999, OFHEO issued a notice granting earlier requests 
to extend the comment period on NPR 2 from August 11, 1999 to November 
10, 1999. OFHEO has recently received additional requests to extend the 
comment period beyond November 10, 1999. Those requesting another 
extension to the comment period state that they need additional time to 
replicate and analyze the stress test and to understand the test as 
applied to a variety of possible starting points.
    OFHEO is extending the comment period for NPR 2 from November 10, 
1999 to March 10, 2000. This decision is based on OFHEO's recognition 
that the commenters need additional time to replicate the stress test 
and analyze the proposal. This extension will insure that all 
interested parties have ample opportunity to participate in the 
rulemaking process by providing meaningful comment on the various 
technical and policy issues involved in the development of the risk-
based capital regulation.

DATES: The comment period is extended until March 10, 2000.

ADDRESSES: Send written comments to Anne E. Dewey, General Counsel, 
Office of General Counsel, Office of Federal Housing Enterprise 
Oversight, 1700 G Street, NW., Fourth Floor, Washington, DC 20552. 
Written comments may also be sent by electronic mail to 
[email protected].

FOR FURTHER INFORMATION CONTACT: Patrick J. Lawler, Director of Policy 
Analysis and Chief Economist; David J. Pearl, Director, Research, 
Analysis and Capital Standards; or Gary L. Norton, Special Counsel to 
the Director, Office of Federal Housing Enterprise Oversight, 1700 G 
Street, NW., Fourth Floor, Washington, DC 20552, telephone (202) 414-
3800 (not a toll-free number). The telephone number for the 
Telecommunications Device for the Deaf is (800) 877-8339.


[[Page 56275]]


    Dated: October 13, 1999.
Armando Falcon,
Director, Office of Federal Housing Enterprise Oversight.
[FR Doc. 99-27179 Filed 10-18-99; 8:45 am]
BILLING CODE 4220-01-P