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


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Part XXXIV





Office of Federal Housing Enterprise Oversight





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Semiannual Regulatory Agenda

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: September 15, 1995.

Aida Alvarez,

Director, Office of Federal Housing Enterprise Oversight.
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEProposed Rule Stage
  
  
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3966. RISK-BASED CAPITAL

Priority:  Substantive, Nonsignificant

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 Enterprise 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 determines the amount of capital that an 
Enterprise must hold initially to maintain positive capital throughout 
a ten-year period of economic stress (stress period).
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 ended on May 9, 1995. OFHEO will consider the comments 
in developing its proposed regulation. The proposed regulation will 
include a discussion of the basis for calculating appropriate default 
and severity rates to apply during the stress period. The proposed 
regulation will also discuss OFHEO's housing price index which will be 
proposed to be used to calculate the seasoning of mortgages. A 
subsequent second proposed regulation will include the details of all 
other aspects of the risk-based capital stress test.

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                            03/00/96

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
Phone: 202 414-3800

RIN: 2550-AA02
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO) Final Rule Stage
  
  
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3967. RELEASING INFORMATION

Priority:  Substantive, Nonsignificant

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) 
issued 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. After reviewing and considering public comments, OFHEO 
intends to issue a final rule in February 1996.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            05/11/95                    60 FR 25162
NPRM Comment Period End         07/10/95
Final Action                    02/00/96

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
Phone: 202 414-3800

RIN: 2550-AA01
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3968. MINIMUM CAPITAL

Priority:  Substantive, Nonsignificant

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) 
issued a proposed 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 defines the necessary terms and sets forth the methodology 
for computing minimum capital levels. The proposed regulation 
establishes procedures for the filing of quarterly minimum capital 
level reports by the Enterprises. In addition, the proposed regulation 
establishes procedures under which OFHEO will make capital 
classifications of the Enterprises. After considering public comments 
on the proposed regulation, OFHEO intends to issue a final regulation 
in February 1996.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            06/08/95                    60 FR 30201
NPRM Comment Period End         08/07/95
Final Action                    02/00/96

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
Phone: 202 414-3800

RIN: 2550-AA03
[FR Doc. 95-24138 Filed 11-24-95; 8:45 am]
BILLING CODE 4220-01-F