[Federal Register Volume 66, Number 152 (Tuesday, August 7, 2001)]
[Notices]
[Page 41259]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-19653]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. 4696-N-01]


Delegation of Authority From the Secretary of Housing and Urban 
Development to the Assistant Secretary for Housing--Federal Housing 
Commissioner to Serve on the Federal Housing Finance Board

AGENCY: Office of the Secretary, HUD.

ACTION: Notice of Delegation of Authority from the Secretary of Housing 
and Urban Development to the Assistant Secretary for Housing--Federal 
Housing Commissioner to serve on the Federal Housing Finance Board.

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SUMMARY: The Secretary of Housing and Urban Development is delegating 
to the Assistant Secretary for Housing--Federal Housing Commissioner 
all of the Secretary's functions, powers, and duties as a director of 
the Federal Housing Finance Board.

EFFECTIVE DATE: August 1, 2001.

FOR FURTHER INFORMATION CONTACT: John P. Kennedy, Associate General 
Counsel for Finance and Regulatory Enforcement, Office of General 
Counsel, Department of Housing and Urban Development, 451 7th Street, 
SW., Washington, DC 20410, telephone (202) 708-2203. This is not a 
toll-free number. This number may be accessed via TTY by calling the 
Federal Information Relay Service at (800) 877-8339.

SUPPLEMENTARY INFORMATION: Section 2A(b)(1)(A) of the Federal Home Loan 
Bank Act (12 U.S.C. 1422a(d)(2)) as amended by Section 702(a) of Title 
VII of the Financial Institutions Reform, Recovery and Enforcement Act 
of 1989, provides that the Secretary of Housing and Urban Development 
shall serve as a director of the Federal Housing Finance Board. Under 
section 7(d) of the Department of Housing and Urban Development Act, 42 
U.S.C. 3535(d), the Secretary of Housing and Urban Development may 
delegate any of the Secretary's functions, powers and duties to such 
officers and employees of the Department as the Secretary may 
designate. In the delegation of authority issued today, the Secretary 
is delegating to the Assistant Secretary for Housing--Federal Housing 
Commissioner all of the Secretary's functions, powers and duties as a 
director of the Federal Housing Finance Board.
    Accordingly, the Secretary delegates as follows:

Section A. Authority Delegated

    The Secretary of Housing and Urban Development delegates to the 
Assistant Secretary for Housing--Federal Housing Commissioner all of 
the Secretary's functions, powers and duties as a director of the 
Federal Housing Finance Board, under section 2A(b)(1)(A) of the Federal 
Home Loan Bank Act (12 U.S.C. 1422a(d)(2)) as amended by section 702(a) 
of Title VII of the Financial Institutions Reform, Recovery and 
Enforcement Act of 1989.

Section B. No Further Redelegation of Authority

    The Assistant Secretary for Housing--Federal Housing Commissioner 
may not redelegate the authority delegated in Section A to any other 
official or employee of the Department of Housing and Urban 
Development.

Section C. Delegations of Authority Superseded

    This Delegation of Authority supersedes all delegations of 
authority concerning this function prior to August 1, 2001, including 
the delegation of authority dated May 25, 1993 (58 FR 45910).

    Authority: Sec. 2A(b)(1)(A), Federal Home Loan Bank Act (12 
U.S.C. 1422a(d)(2)); sec. 7(d), Department of Housing and Urban 
Development Act (42 U.S.C. 3535(d)).

    Dated: August 1, 2001.
Mel Martinez,
Secretary.
[FR Doc. 01-19653 Filed 8-6-01; 8:45 am]
BILLING CODE 4210-32-P