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


[[Page 24103]]


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Part XXXIV





Office of Federal Housing Enterprise Oversight





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Semiannual Regulatory Agenda

Federal Register / Vol. 60, No. 88 / Monday, May 8, 1995 / 
Unified Agenda


Federal Register / Vol. 60, No. 88 / Monday, May 8, 1995 / 
Unified Agenda
[[Page 24104]]

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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO)                
  
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT

12 CFR Ch. XVII

Semiannual Agenda

AGENCY: Office of Federal Housing Enterprise Oversight.

ACTION: Semiannual agenda of regulations expected to be issued.

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SUMMARY: This notice is given pursuant to the requirements of the 
``Regulatory Flexibility Act'' (Pub. L. 96-354, September 19, 1980) and 
Executive Order 12866 (``Regulatory Planning and Review,'' September 
30, 1993), which require the publication of a semiannual agenda of 
regulations.

FOR FURTHER INFORMATION CONTACT: Gary L. Norton, Deputy General 
Counsel, Office of Federal Housing Enterprise Oversight, 1700 G Street 
NW., Washington, DC 20552, (202) 414-3800.

Dated: February 17, 1995.

Aida Alvarez,

Director, Office of Federal Housing Enterprise Oversight.



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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO)   Prerule Stage
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4168.  RISK-BASED CAPITAL

Priority:  Agency Priority

Legal Authority:  12 USC 4611; 12 USC 4513(b)(1)

CFR Citation:  12 CFR ch 17

Legal Deadline:  Final, Statutory, December 1, 1994.

Abstract: Title XIII of the Housing and Community Development Act of 
1992, Pub. L. No. 102-550 known as the Federal Housing Enterprises 
Financial Safety and Soundness Act of 1992, 12 USC 4501 et seq, gives 
the Office of Federal Housing Enterprises Oversight (OFHEO) the 
responsibility for developing a risk-based capital regulation for the 
Federal National Mortgage Association and the Federal Home Loan 
Mortgage Corporation (collectively, the Enterprises). To discharge this 
responsibility, OFHEO must develop and implement a risk-based capital 
``stress test'' that, when applied to the Enterprises, determines the 
amount of capital that an Enterprise must hold initially to maintain 
positive capital throughout a ten-year period of economic stress.
An Advance Notice of Proposed Rulemaking solicited public comment on a 
variety of issues prior to the publication of a proposed rule. The 
comment period ends on May 9, 1995. OFHEO will consider the comments in 
developing its proposed regulation.

Timetable:
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Action                            Date                      FR Cite

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ANPRM                           02/08/95                     60 FR 7468
ANPRM Comment Period End        05/09/95                     60 FR 7468
NPRM                            10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Anne E. Dewey, General Counsel, Office of Federal 
Housing Enterprise Oversight, 1700 G Street NW., Washington, DC 20552, 
202 414-3800

RIN: 2550-AA02



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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHProposed Rule Stage
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4169.  RELEASING INFORMATION

Priority:  Agency Priority

Legal Authority:  5 USC 552; 12 USC 4513; 12 USC 4526; 12 USC 4639; EO 
12600

CFR Citation:  12 CFR 1710

Legal Deadline: None

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
intends to issue a proposed rule to set forth the basic policies of 
OFHEO regarding information it maintains and the procedures for 
obtaining access to such information. The rule contains regulations of 
OFHEO implementing the Freedom of Information Act (FOIA) and 
establishes a schedule of fees that will be charged for the processing 
of document requests under the FOIA. In addition, the proposed rule 
sets forth procedures to be followed with respect to testimony and the 
production of documents in legal proceedings in which OFHEO is not a 
named party as well as procedures for service of process upon OFHEO in 
any legal proceeding.

Timetable:
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Action                            Date                      FR Cite

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NPRM Comment Period End         07/00/95

Small Entities Affected: Undetermined

Government Levels Affected: Undetermined

Agency Contact: Anne E. Dewey, General Counsel, Office of Federal 
Housing Enterprise Oversight, 1700 G Street NW., Washington, DC 20552, 
202 414-3800

RIN: 2550-AA01
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHProposed Rule Stage
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4170.  MINIMUM CAPITAL

Priority:  Agency Priority

Legal Authority:  12 USC 4513(b)(1); 12 USC 4514; 12 USC 4612; 12 USC 
4614

CFR Citation:  12 CFR 1750

Legal Deadline:  Final, Statutory, December 1, 1994.

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
intends to propose to issue a regulation setting forth minimum capital 
levels for the Federal National Mortgage Association and the Federal 
Home Loan Mortgage Corporation (collectively, the Enterprises). The 
proposed regulation will define the necessary terms and set forth the 
methodology for computing minimum capital levels. The proposed 
regulation will also establish procedures for the filing of quarterly 
minimum capital level reports by the [[Page 24105]] Enterprises. In 
addition, the proposed regulation will establish procedures under which 
OFHEO will make capital classifications of the Enterprises.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            07/00/95

Small Entities Affected: None

Government Levels Affected: None

Sectors Affected:  None

Agency Contact: Anne E. Dewey, General Counsel, Office of Federal 
Housing Enterprise Oversight, 1700 G Street NW., Washington, DC 20552, 
202 414-3800

RIN: 2550-AA03



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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGCompleted/Longterm Actions
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4171. OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT REGULATIONS

Legal Authority:  12 USC 4513(b)(1); 12 USC 1451; 12 USC 1716 et seq; 5 
USC ch 5, subchapter II

CFR Citation:  12 CFR 1700 et seq

Legal Deadline: None

Abstract: Various regulations are needed to implement the authorities 
vested in the Office of Federal Housing Enterprise Oversight (OFHEO), 
which began operations in June 1993. In addition to establishing the 
operations of OFHEO as an independent office within the Department of 
Housing and Urban Development, the Director of OFHEO has specific 
statutory duties and authorities to ensure adequate capitalization and 
financial safety and soundness of the Federal National Mortgage 
Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation 
(Freddie Mac). Regulations to be issued will address the following 
areas: organization of OFHEO; access to information under the Freedom 
of Information Act; required capital levels; and amendments made to the 
charter acts of Fannie Mae and Freddie Mac.

Timetable:
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Action                            Date                      FR Cite

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Withdrawn - Replaced by RIN 
2550-AA01, -AA02, and -AA03     02/01/95

Small Entities Affected: None

Government Levels Affected: None

Additional Information: ADDITIONAL CONTACT PERSON: Gary L. Norton, 
Deputy General Counsel, Office of Federal Housing Enterprise Oversight; 
700 G Street NW.; Fourth Floor; Washington, DC 20552; 202 414-3800.
Formerly reported under HUD RIN 2501-AB59.

Agency Contact: Anne E. Dewey, General Counsel, Office of Federal 
Housing Enterprise Oversight, 1700 G Street NW., Washington, DC 20552, 
202 414-3800

RIN: 2550-AA00
[FR Doc. 95-5209 Filed 05-05-95; 8:45 am]
BILLING CODE 4220-01-F