[The Regulatory Plan and Unified Agenda of Federal Regulations] [Federal Housing Finance Board Semiannual Regulatory Agenda] [From the U.S. Government Printing Office, www.gpo.gov] _______________________________________________________________________ Part LV Federal Housing Finance Board _______________________________________________________________________ Semiannual Regulatory Agenda ======================================================================= FEDERAL HOUSING FINANCE BOARD (FHFB) _______________________________________________________________________ FEDERAL HOUSING FINANCE BOARD 12 CFR Ch. IX Agenda of Federal Regulations AGENCY: Federal Housing Finance Board. ACTION: Publication of agenda items. _______________________________________________________________________ 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 October 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. SUPPLEMENTARY INFORMATION: For this edition of the Finance Board's regulatory agenda, the most important significant regulatory actions are included in The Regulatory Plan, which appears in Part II of this issue of the Federal Register. By the Federal Housing Finance Board. Elaine L. Baker, Executive Secretary. _______________________________________________________________________ FEDERAL HOUSING FINANCE BOARD (FHFB) Prerule Stage _______________________________________________________________________ 5048. COMMUNITY INVESTMENT PROGRAM Regulatory Plan: This entry is Seq. No. 204 in Part II of this issue of the Federal Register. RIN: 3069-AA05 _______________________________________________________________________ FEDERAL HOUSING FINANCE BOARD (FHFB) Proposed Rule Stage _______________________________________________________________________ 5049. 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ NPRM 10/00/94 NPRM Comment Period End 12/00/94 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 _______________________________________________________________________ 5050. PRACTICE BEFORE THE BOARD OF DIRECTORS 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ NPRM 10/00/94 NPRM Comment Period End 12/00/94 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 _______________________________________________________________________ 5051. PRICING OF COMMUNITY INVESTMENT PROGRAM ADVANCES 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ NPRM 10/00/94 NPRM Comment Period End 12/00/94 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 _______________________________________________________________________ 5052. MODIFICATION OF COMMUNITY SUPPORT REGULATION 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ ANPRM 09/02/93 58 FR 46469 ANPRM Comment Period End 12/31/93 58 FR 58305 NPRM 10/00/94 NPRM Comment Period End 12/00/94 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-AA35 _______________________________________________________________________ FEDERAL HOUSING FINANCE BOARD (FHFB) Final Rule Stage _______________________________________________________________________ 5053. BANK REQUEST FOR INFORMATION 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ Interim Final Rule 12/07/90 55 FR 50545 Final Action 10/00/94 Final Action Effective 10/00/94 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 _______________________________________________________________________ 5054. ADVANCES TO NONMEMBER MORTGAGEES 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ Interim Final Rule 05/20/93 58 FR 29474 Final Action 10/00/94 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 _______________________________________________________________________ 5055. AFFORDABLE HOUSING PROGRAM Regulatory Plan: This entry is Seq. No. 205 in Part II of this issue of the Federal Register. RIN: 3069-AA28 _______________________________________________________________________ 5056. CLAIMS REGULATION 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ Interim Final Rule 10/00/94 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 _______________________________________________________________________ 5057. MODIFICATION OF DEFINITION OF DEPOSITS IN BANKS OR TRUST COMPANIES 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ NPRM 09/29/93 58 FR 50867 NPRM Comment Period End 11/29/93 58 FR 50867 Final Action 10/00/94 Final Action Effective 11/00/94 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 _______________________________________________________________________ 5058. AFFORDABLE HOUSING MAXIMUM SUBSIDY LIMITATIONS 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ Interim Final Rule 04/07/93 58 FR 17968 Final Action 11/00/94 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 _______________________________________________________________________ 5059. 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: _________________________________________________________________________ Action Date FR Cite _________________________________________________________________________ NPRM 11/05/93 58 FR 58988 NPRM Comment Period End 01/04/94 58 FR 58988 Final Action 10/00/94 Final Action Effective 11/00/94 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 [FR Doc. 94-21035 Filed 11-10-94; 8:45 am] BILLING CODE 6725-01-F