[Federal Register Volume 75, Number 247 (Monday, December 27, 2010)]
[Notices]
[Pages 81276-81277]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-32348]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2010-N-17]


Office of Inspector General; Delegation of Authorities

AGENCY: Office of Inspector General, Federal Housing Finance Agency.

ACTION: Notice of delegation of authorities.

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SUMMARY: This notice delegates two authorities of the Inspector 
General, Office of Inspector General for the Federal Housing Finance 
Agency (FHFA-OIG), to the FHFA-OIG Principal Deputy Inspector General, 
the FHFA-OIG Deputy Inspector General for Audit, the FHFA-OIG Deputy 
Inspector General for Investigations & Evaluations, and the FHFA-OIG 
Chief Counsel. These authorities are: (1) The authority to issue 
subpoenas; and (2) the authority to request information under 5 U.S.C. 
552a(b)(7).

DATES: Effective Date: December 27, 2010.

[[Page 81277]]


FOR FURTHER INFORMATION CONTACT: Bryan Saddler, Chief Counsel, FHFA-
OIG, at (202) 408-2577, or [email protected].

SUPPLEMENTARY INFORMATION: The Federal Housing Finance Regulatory 
Reform Act of 2008 (Reform Act), which was passed as Division A of the 
Housing and Economic Recovery Act of 2008 (HERA), Public Law 110-289, 
122 Stat. 2654, 2913, abolished both the Federal Housing Finance Board 
(FHFB), an independent agency that oversaw the Federal Home Loan Banks 
(Banks), and the Office of Federal Housing Enterprise Oversight 
(OFHEO), an office within the Department of Housing and Urban 
Development (HUD) that oversaw the ``safety and soundness'' of Fannie 
Mae and Freddie Mac. See 12 U.S.C. 1422a, 4502(6), 4511, 4512, 4513, 
4541, 4563 (2006); H.R. Rep. No. 110-142, at 95. The Reform Act 
established in place of the FHFB and OFHEO a new entity, the Federal 
Housing Finance Agency (FHFA), which now regulates and supervises 
Fannie Mae, Freddie Mac, and the 12 Banks. See Reform Act sections 
1002, 1101, 1102, 1301, 1311; 12 U.S.C.A. 4511, 4512, 4513 (2009).
    Section 1105 of HERA also amended the Federal Housing Enterprises 
Financial Safety and Soundness Act of 1992 and the Inspector General 
Act of 1978 (the IG Act), by specifying that there shall be established 
an Inspector General within FHFA. See 12 U.S.C. 4517(d). FHFA-OIG is 
responsible for, among other things, conducting audits, investigations, 
and inspections of FHFA's programs and operations, and recommending 
polices that promote economy and efficiency in the administration of, 
and prevent and detect fraud and abuse in, those programs and 
operations. Section 6(a)(4) of the IG Act authorizes the Inspector 
General to require by subpoena the production of all information, 
documents, reports, answers, records, accounts, papers, and other data 
and documentary evidence deemed necessary in the performance of the 
Inspector General's function. This notice delegates the Inspector 
General's subpoena issuance authority to the FHFA-OIG Principal Deputy 
Inspector General, the FHFA-OIG Deputy Inspector General for Audit, the 
FHFA-OIG Deputy Inspector General for Investigations & Evaluations, and 
the FHFA-OIG Chief Counsel.
    Section 552a(b)(7) of Title 5, United States Code, authorizes the 
Inspector General to request information protected by the Privacy Act 
for a civil or criminal law enforcement activity. This notice delegates 
this authority to request records protected by the Privacy Act for a 
civil or criminal law enforcement activity from the Inspector General 
to the FHFA-OIG Principal Deputy Inspector General, the FHFA-OIG Deputy 
Inspector General for Audit, the FHFA-OIG Deputy Inspector General for 
Investigations & Evaluations, and the FHFA-OIG Chief Counsel.
    The Inspector General has not limited his authority to issue 
subpoenas or to request information under 5 U.S.C. 552a by this 
delegation. Also, this delegation expressly prohibits further 
delegation or redelegation.
    Accordingly, the Inspector General delegates the following 
authorities:
    Section A. Authority Delegated: The Inspector General delegates to 
the FHFA-OIG Principal Deputy Inspector General, the FHFA-OIG Deputy 
Inspector General for Audit, the FHFA-OIG Deputy Inspector General for 
Investigations & Evaluations, and the FHFA-OIG Chief Counsel, the 
authority to require by subpoena the production of all information, 
documents, reports, answers, records, accounts, papers, and other data 
and documentary evidence necessary in the performance of the functions 
assigned by HERA and the Inspector General Act.
    Additionally, the Inspector General delegates to the FHFA-OIG 
Principal Deputy Inspector General, the FHFA-OIG Deputy Inspector 
General for Audit, the FHFA-OIG Deputy Inspector General for 
Investigations & Evaluations, and the FHFA-OIG Chief Counsel, the 
authority to request information under 5 U.S.C. 552a(b)(7).
    Section B. No Further Delegation or Redelegation: The authority 
delegated in Section A above may not be further delegated or 
redelegated.

    Authority: Pub. L. 110-289, section 1105; 5 U.S.C. App. 3 Sec.  
6(a)(4); 5 U.S.C. 301.

    Dated: December 14, 2010.
Steve A. Linick,
Inspector General.
[FR Doc. 2010-32348 Filed 12-23-10; 8:45 am]
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