[Federal Register Volume 68, Number 148 (Friday, August 1, 2003)]
[Notices]
[Page 45240]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-19731]


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

FEDERAL HOUSING FINANCE BOARD


Sunshine Act Meeting Notice; Announcing a Partially Open Meeting 
of the Board of Directors

Time and date: The open portion of the meeting of the Board of 
Directors is scheduled to begin at 10 a.m. on Wednesday, August 6, 
2003. The closed portion of the meeting will follow immediately the 
open portion of the meeting.

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

Status: The first portion of the meeting will be open to the public. 
The final portion of the meeting will be closed to the public.

Matters to be considered at the open portion of meeting:
    Capital Plan Amendments for the Federal Home Loan Bank of Boston. 
Consideration of amendments to the Boston Bank capital plan that would 
reduce the required notice or ``opt out'' period for members that 
choose to withdraw from membership before the plan's effective date; 
change the approach to the repurchase of excess stock at conversion and 
provide more flexibility for members; and allow the Bank to hold 
general stock offerings.
    Capital Plan Amendments for the Federal Home Loan Bank of San 
Francisco. Consideration of amendments to the San Francisco Bank 
capital plan that would reduce the required notice period for members 
that choose to withdraw from membership before the plan's effective 
date; reduce the mortgage asset component of the initial activity-based 
stock purchase requirement; establish an initial cap of $25 million per 
member on the membership stock purchase requirement; give the Bank's 
board of directors discretion to change the cap within a range of $10 
million to $50 million; and make other changes to clarify various plan 
provisions.
    Approval of Restated Organization Certificate of the Federal Home 
Loan Bank of New York. The New York Bank seeks approval of a restated 
Organization Certificate that reflects the Bank's new capital structure 
implemented in response to the Gramm-Leach-Bliley Act amendments to the 
capital requirements for the Federal Home Loan Banks.

Matter to be considered at the closed portion of meeting:
    Periodic Update of Examination Program Development and Supervisory 
Findings from the First and Second Quarters of 2003.

FOR FURTHER INFORMATION CONTACT: Janice A. Kaye, Senior Attorney-
Advisor, Office of General Counsel, by telephone at 202/408-2505 or by 
electronic mail at [email protected].

    Dated: July 29, 2003.

    By the Federal Housing Finance Board.
Arnold Intrater,
General Counsel.
[FR Doc. 03-19731 Filed 7-30-03; 12:45 Pm]
BILLING CODE 6725-01-P