[Unified Agenda of Federal Regulations]
[Federal Housing Finance Board Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


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Part LII




 
Federal Housing Finance Board





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Semiannual Regulatory Agenda


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FEDERAL HOUSING FINANCE BOARD (FHFB)                                   
  
  
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FEDERAL HOUSING FINANCE BOARD

12 CFR Ch. IX

Agenda of Federal Regulations

AGENCY: Federal Housing Finance Board.

ACTION: Publication of agenda items.

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SUMMARY: The Federal Housing Finance Board (Finance Board) hereby 
publishes items for the Unified Agenda of Federal Regulations. These 
items reflect the status of the regulatory agenda of the Finance Board 
as of April 1, 1994. The Finance Board is an independent agency in the 
executive branch of Government and is the regulator of the Federal Home 
Loan Bank System and the Financing Corporation. The Finance Board has 
an ongoing need to adopt various regulations dealing with its internal 
administration and the Federal Home Loan Bank System.

ADDRESSES: Executive Secretariat, Federal Housing Finance Board, 1777 F 
Street NW., Washington, DC 20006, (202) 408-2837.

FOR FURTHER INFORMATION CONTACT: Brandon B. Straus, Attorney-Advisor, 
Office of Legal and External Affairs, Room 326, Federal Housing Finance 
Board, 1777 F Street NW., Washington, DC 20006, (202) 408-2589.

By the Federal Housing Finance Board.

Elaine L. Baker,

Executive Secretary.
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FEDERAL HOUSING FINANCE BOARD (FHFB)                      Prerule Stage
  
  
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4791. COMMUNITY INVESTMENT PROGRAM

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422a; 12 USC 1422b; 12 USC 1430(i)

CFR Citation:  12 CFR 961

Legal Deadline: None

Abstract: Pursuant to section 721 of the Financial Institutions Reform, 
Recovery and Enforcement Act of 1989, Pub. L. 101-73, 103 Stat. 423, 
the Federal Home Loan Banks must establish a Community Investment 
Program (``Program'') which will provide funds, through Bank advances 
(loans) to a Bank's member institutions at interest rates equal to 
interest rates on Federal Home Loan Bank consolidated bonds or notes 
having comparable maturity dates with the advances. These advances will 
be used by the member institutions to provide funding for community-
oriented development projects or housing. These regulations will 
continue the commitment of the Federal Home Loan Banks to community 
development lending.

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sylvia Martinez, Director, Housing Finance Directorate, 
Federal Housing Finance Board, 1777 F Street NW., Washington, DC 20006, 
202 408-2825

RIN: 3069-AA05
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FEDERAL HOUSING FINANCE BOARD (FHFB)                Proposed Rule Stage
  
  
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4792. PAPERWORK REDUCTION ACT--COLLECTION OF INFORMATION CONTROL NUMBERS

Legal Authority:  44 USC 3506

CFR Citation:  12 CFR 908

Legal Deadline: None

Abstract: The Finance Board will adopt a new part 908 to its general 
regulations that will display its current information control numbers 
issued by the Office of Management and Budget for the Finance Board's 
forms that require the collection of data.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            07/00/94
NPRM Comment Period End         09/00/94

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: David A. Guy, Associate General Counsel, Federal 
Housing Finance Board, 1777 F Street NW., Washington, DC 20006, 202 
408-2536

RIN: 3069-AA25
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FEDERAL HOUSING FINANCE BOARD (FHFB)                Proposed Rule Stage
  
  
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4793. PRACTICE BEFORE THE BOARD OF DIRECTORS

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422b; 5 USC 504; 5 USC 554 to 557

CFR Citation:  12 CFR 914

Legal Deadline: None

Abstract: The Finance Board is proposing to adopt a regulation setting 
forth the rules for adjudicatory proceedings before the Finance Board.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            07/00/94
NPRM Comment Period End         09/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David A. Guy, Associate General Counsel, Federal 
Housing Finance Board, 1777 F Street NW., Washington, DC 20006, 202 
408-2536

RIN: 3069-AA31
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FEDERAL HOUSING FINANCE BOARD (FHFB)                Proposed Rule Stage
  
  
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4794. PRICING OF COMMUNITY INVESTMENT PROGRAM ADVANCES

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422b; 12 USC 1430

CFR Citation:  12 CFR 935

Legal Deadline: None

Abstract: The Finance Board is proposing to amend its regulations to 
establish guidelines for pricing Community Investment Program advances.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            07/00/94
NPRM Comment Period End         09/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James H. Gray Jr., Associate General Counsel, Federal 
Housing Finance Board, 1777 F Street NW., Washington, DC 20006, 202 
408-2552

RIN: 3069-AA32
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FEDERAL HOUSING FINANCE BOARD (FHFB)                Proposed Rule Stage
  
  
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4795. MODIFICATION OF COMMUNITY SUPPORT REGULATION

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1430(g)

CFR Citation:  12 CFR 936

Legal Deadline: None

Abstract: The Finance Board issued an advance notice of proposed 
rulemaking requesting public comment to assist the Finance Board in 
amending its Community Support regulations to provide standards for the 
community support requirements for insurance company and credit union 
members of the Federal Home Loan Bank System.

Timetable:
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Action                            Date                      FR Cite

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ANPRM                           09/02/93                    58 FR 46469
ANPRM Comment Period End        12/31/93                    58 FR 58305
NPRM                            07/00/94
NPRM Comment Period End         09/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bruce W. McDougal, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW., Washington, DC 20006, 202 408-2505

RIN: 3069-AA35
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage
  
  
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4796. BANK REQUEST FOR INFORMATION

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422a; 12 USC 1422b; 12 USC 1442

CFR Citation:  12 CFR 934.15

Legal Deadline: None

Abstract: Section 719 of the Financial Institutions Reform, Recovery 
and Enforcement Act of 1989, Pub. L. 101-73, 103 Stat. 422, amended 
section 22 of the Federal Home Loan Bank Act (12 USC 1442) and mandates 
that the Federal Deposit Insurance Corporation, Board of Governors of 
the Federal Reserve System, Office of Thrift Supervision, Comptroller 
of the Currency, National Credit Union Administration, and the Treasury 
Department share examination reports or other records or data, in 
confidence, with the Federal Home Loan Banks at their request. The 
agency is proposing to promulgate regulations which will establish a 
procedure regarding the confidentiality of these examination reports 
and other records or data while in the possession of a Federal Home 
Loan Bank.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              12/07/90                    55 FR 50545
Final Action                    07/00/94
Final Action Effective          07/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David A. Guy, Associate General Counsel, Federal 
Housing Finance Board, 1777 F Street NW., Washington, DC 20006, 202 
408-2536

RIN: 3069-AA06
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage
  
  
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4797. ADVANCES TO NONMEMBER MORTGAGEES

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422a(a)(3); 12 USC 1422b(a)(1); 12 USC 1430b

CFR Citation:  12 CFR 935

Legal Deadline: None

Abstract: The Federal Housing Finance Board adopted an interim 
regulation amending its regulation on Federal Home Loan Bank advances 
to establish revised and new requirements governing advances to 
nonmember mortgagees and to implement provisions of the Housing and 
Community Development Act of 1992 regarding special advances to 
qualified nonmember mortgagees that are state housing finance agencies.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              05/20/93                    58 FR 29474
Final Action                    07/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James H. Gray Jr., Associate General Counsel, Federal 
Housing Finance Board, 1777 F Street NW., Washington, DC 20006, 202 
408-2552

RIN: 3069-AA27
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage
  
  
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4798. AFFORDABLE HOUSING PROGRAM

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422b(a)(1); 12 USC 1430(j)

CFR Citation:  12 CFR 960

Legal Deadline: None

Abstract: The Federal Housing Finance Board issued a proposed rule 
revising its regulation governing the Affordable Housing Program (AHP) 
in order to simplify and clarify the AHP's requirements for the Federal 
Home Loan Banks and their members.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            01/10/94                     59 FR 1323
NPRM Comment Period End         03/11/94                     59 FR 1323
Final Action                    07/00/94
Final Action Effective          08/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Diane E. Dorius, Deputy Director, Housing Finance 
Directorate, Federal Housing Finance Board, 1777 F Street NW., 
Washington, DC 20006, 202 408-2576

RIN: 3069-AA28
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage
  
  
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4799. CLAIMS REGULATION

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422b; 12 USC 1438(b); 12 USC 1833e; 31 USC 
3711(e); 31 USC 3721

CFR Citation:  12 CFR 902

Legal Deadline: None

Abstract: The Finance Board is proposing to issue a regulation 
governing the procedures and standards for the administrative 
collection, compromise, and termination of agency collection, and the 
referral of claims to the General Accounting Office of the Department 
of Justice for litigation of civil claims. The regulation also 
establishes the Finance Board's procedures and standards governing 
claims filed against the Finance Board by employees for loss or damage 
to personal property.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              07/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: David A. Guy, Associate General Counsel, Federal 
Housing Finance Board, 1777 F Street NW., Washington, DC 20006, 202 
408-2536

RIN: 3069-AA30
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage
  
  
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4800. MODIFICATION OF DEFINITION OF DEPOSITS IN BANKS OR TRUST COMPANIES

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422b; 12 USC 1431(g)

CFR Citation:  12 CFR 931.5

Legal Deadline: None

Abstract: The Finance Board issued a proposed rule amending the 
definition of ``deposits in banks or trust companies'' in section 931.5 
of its regulations in order to include sales of Federal funds to banks 
in the category of investments that are eligible to fulfill the Federal 
Home Loan Banks' liquidity requirement contained in section 11(g) of 
the Federal Home Loan Bank Act.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            09/29/93                    58 FR 50867
NPRM Comment Period End         11/29/93                    58 FR 50867
Final Action                    07/00/94
Final Action Effective          08/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Brandon B. Straus, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW., Washington, DC 20006, 202 408-2589

RIN: 3069-AA33
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage
  
  
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4801. AFFORDABLE HOUSING MAXIMUM SUBSIDY LIMITATIONS

Significance:
Economically significant: Undetermined
Regulatory Plan entry: Undetermined

Legal Authority:  12 USC 1422b; 12 USC 1430(j)

CFR Citation:  12 CFR 960.9

Legal Deadline: None

Abstract: The Finance Board has adopted an interim rule which amends 
its Affordable Housing Program (AHP) regulation by revising the maximum 
subsidy requirements applicable to projects receiving subsidized 
advances or other assistance from the Federal Home Loan Banks under the 
AHP.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              04/07/93                    58 FR 17968
Final Action                    07/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sharon B. Like, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW., Washington, DC 20006, 202 408-2930

RIN: 3069-AA34
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage
  
  
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4802.  AMENDMENT OF AFFORDABLE HOUSING PROGRAM AND COMMUNITY 
SUPPORT REQUIREMENTS REGULATIONS

Legal Authority:  12 USC 1422a; 12 USC 1422b; 12 USC 1429; 12 USC 
1430(a); 12 USC 1430(g); 12 USC 1430(j)

CFR Citation:  12 CFR 936; 12 CFR 960

Legal Deadline: None

Abstract: The Federal Housing Finance Board issued a proposed rule 
amending the definitions of ``very low-income household'' and ``low- or 
moderate-income household'' in its Affordable Housing Program (AHP) and 
Community Support Requirements (CSR) regulations. The proposed rule 
also adds a definition of ``adjustment for family size'' to the AHP and 
CSR regulations as well as removes the definition of ``median income'' 
from the AHP and CSR regulations.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            11/05/93                    58 FR 58988
NPRM Comment Period End         01/04/94                    58 FR 58988
Final Action                    07/00/94
Final Action Effective          08/00/94

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Brandon B. Straus, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW., Washington, DC 20006, 202 408-2589

RIN: 3069-AA38
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FEDERAL HOUSING FINANCE BOARD (FHFB)                  Completed Actions
  
  
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4803. ADVANCES TO CAPITAL DEFICIENT MEMBERS AND OTHER MATTERS

Legal Authority:  12 USC 1422b; 12 USC 1429; 12 USC 1430

CFR Citation:  12 CFR 935

Legal Deadline: None

Abstract: The Finance Board issued a final rule amending its 
regulations to incorporate requirements governing secured loans (called 
advances) made by the Federal Home Loan Banks (Banks) to certain 
capital deficient members. In addition, it would modify the provisions 
governing the transfer of Bank advances to permit the transfer of 
advances from a nonmember to a member.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            09/23/93                    58 FR 49446
NPRM Comment Period End         10/25/93                    58 FR 49446
Final Action                    01/20/94                     59 FR 2945
Final Action Effective          02/22/94                     59 FR 2945

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: James H. Gray Jr., Associate General Counsel, Federal 
Housing Finance Board, 1777 F Street NW., Washington, DC 20006, 202 
408-2552

RIN: 3069-AA36
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FEDERAL HOUSING FINANCE BOARD (FHFB)                  Completed Actions
  
  
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4804.  PRICING OF SERVICES

Legal Authority:  12 USC 1430; 12 USC 1431

CFR Citation:  12 CFR 943

Legal Deadline: None

Abstract: The Federal Housing Finance Board issued a final rule 
amending a regulation transferred to it by the former Federal Home Loan 
Bank Board regarding the pricing of item processing services by the 
Federal Home Loan Banks by deleting an unnecessary provision and by 
changing the name of an office to more accurately reflect the structure 
of the Finance Board.

Timetable:
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Action                            Date                      FR Cite

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Final Action                    11/12/93                    58 FR 59935
Final Action Effective          11/12/93                    58 FR 59935

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Bruce W. McDougal, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW., Washington, DC 20006, 202 408-2505

RIN: 3069-AA37
[FR Doc. 94-5359 Filed 04-22-94; 8:45 am]
BILLING CODE 6725-01-F
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