[Federal Register Volume 68, Number 115 (Monday, June 16, 2003)]
[Notices]
[Pages 35674-35675]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-15193]


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FEDERAL HOUSING FINANCE BOARD


Sunshine Act Meeting Notice; Announcing an Open Meeting of the 
Board of Directors

Time and Date: The meeting of the Board of Directors is scheduled to 
begin at 10a.m. on Wednesday, June 18, 2003.

Place: Board Room, Second Floor, Federal Housing Finance Board, 1777 F 
Street, NW, Washington, DC 20006.

Status: The entire meeting will be open to the public.

Matters to be Considered: 
    Proposed Rule Regarding Acquired Member Assets. The rule would 
revise the Acquired Member Assets (AMA) regulation (12 CFR part 955) to 
create less prescriptive AMA requirements, to provide each Federal Home 
Loan Bank (Bank) with greater responsibility for designing and managing 
its AMA program, subject to ongoing supervisory review, and to codify a 
Bank's authority to acquire as AMA certain instruments that represent 
an interest in loans that individually could qualify as AMA.

Interim Final Rule Regarding the Privacy Act and the Freedom of 
Information Act

    The revised Privacy Act regulation (12 CFR part 913) is written in 
a ``user-friendly'' format using plain language and, where appropriate, 
a question-and-answer format and reflects a reassignment of 
responsibility and authority for running the Federal Housing Finance 
Board's Privacy Act program to the Office of General Counsel. The rule 
also amends the Freedom of Information Act fee schedule (12 CFR 910.9) 
to take into account increased salary and operational costs.

Final Rule Updating the Description of the Federal Housing Finance 
Board's Organization and Functions

    The rule revises the regulation describing the agency's general 
organization and functions to reflect the current structure and 
assignment of responsibilities (12 CFR part 905).

Appointment of Director--Federal Home Loan Bank of Topeka

    Section 7 of the Federal Home Loan Bank Act (12 U.S.C. 1427) 
requires the Federal Housing Finance Board to appoint public interest 
directors to the boards of directors of the Federal Home Loan Banks.

Designation of Community Interest Director--Federal Home Loan Bank of 
Cincinnati

    Section 7(a) of the Federal Home Loan Bank Act (12 U.S.C. 1427(a)) 
requires at least two public interest directors appointed by the 
Federal Housing Finance Board to the board of directors of each Federal 
Home Loan Bank to be community interest directors, that is, from 
organizations with more than a two-year history of representing 
consumer or community interests on banking services, credit needs, 
housing or financial consumer protections.

2003 Designation of Federal Home Loan Bank Directorships

    Section 7 of the Federal Home Loan Bank Act (12 U.S.C. 1427) 
requires the Federal Housing Finance Board annually to designate 
directorships for the election of Federal Home Loan Bank directors.

FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, Paralegal 
Specialist, Office of General Counsel, by telephone at 202/408-2826 or 
by electronic mail at [email protected].

    Dated: June 10, 2003.


[[Page 35675]]


    By the Federal Housing Finance Board.
Arnold Intrater,
General Counsel.
[FR Doc. 03-15193 Filed 6-11-03; 4:49 pm]
BILLING CODE 6725-01-P