[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]


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Part LV





Federal Housing Finance Board





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Semiannual Regulatory Agenda

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.

_______________________________________________________________________

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, 1995. 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 General Counsel, Room 326, Federal Housing Finance Board, 
1777 F Street NW., Washington, DC 20006, (202) 408-2589.

SUPPLEMENTARY INFORMATION: This edition of the Unified Agenda of 
Federal Regulations includes The Regulatory Plan, which appears in Part 
II of this issue of the Federal Register. The Federal Housing Finance 
Board's Statement of Regulatory Priorities is included in Part II.

By the Federal Housing Finance Board.

Elaine L. Baker,

Executive Secretary.
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FEDERAL HOUSING FINANCE BOARD (FHFB)                Proposed Rule Stage
  
  
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4596. AFFORDABLE HOUSING PROGRAM

Regulatory Plan:  This entry is Seq. No. 157 in Part II of this issue 
of the Federal Register.

RIN: 3069-AA28
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4597. PRACTICE BEFORE THE BOARD OF DIRECTORS

Priority:  Other

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                            06/00/96
NPRM Comment Period End         08/00/96

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
Phone: 202 408-2536

RIN: 3069-AA31
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4598. PRICING OF COMMUNITY INVESTMENT PROGRAM ADVANCES

Priority:  Substantive, Nonsignificant

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                            06/00/96
NPRM Comment Period End         08/00/96

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
Phone: 202 408-2589

RIN: 3069-AA32
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4599. AFFORDABLE HOUSING MAXIMUM SUBSIDY LIMITATIONS

Priority:  Substantive, Nonsignificant

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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
NPRM                            03/00/96
NPRM Comment Period End         05/00/96
Final Action                    07/00/96
Final Action Effective          08/00/96

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
Phone: 202 408-2930

RIN: 3069-AA34
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4600. MODIFICATION OF COMMUNITY SUPPORT REGULATION

Priority:  Substantive, Nonsignificant

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                            06/00/96
NPRM Comment Period End         08/00/96

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
Phone: 202 408-2589

RIN: 3069-AA35
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4601.  MEMBERS OF THE FEDERAL HOME LOAN BANKS

Regulatory Plan:  This entry is Seq. No. 158 in Part II of this issue 
of the Federal Register.

RIN: 3069-AA41
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4602.  SELECTION AND COMPENSATION OF FEDERAL HOME LOAN BANK 
EMPLOYEES

Priority:  Routine and Frequent

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1422a; 12 USC 1422b; 12 USC 1432(a)

CFR Citation:  12 CFR 932

Legal Deadline: None

Abstract: The Finance Board is proposing to amend its regulation on 
Organization of the Federal Home Loan Banks to transfer to the Banks 
specific responsibilities for selection and compensation of Bank 
employees.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            06/00/96
NPRM Comment Period End         08/00/96
Final Action                    09/00/96
Final Action Effective          10/00/96

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
Phone: 202 408-2536
Fax: 202 408-2580

RIN: 3069-AA42
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4603.  FEDERAL HOME LOAN BANK DIVIDENDS

Priority:  Routine and Frequent

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

Legal Authority:  12 USC 1422a; 12 USC 1422b; 12 USC 1436

CFR Citation:  12 CFR 932

Legal Deadline: None

Abstract: The Finance Board intends to amend its regulations to 
establish the standards and conditions under which the Federal Home 
Loan Banks may pay dividends without prior Finance Board approval.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            11/00/95
NPRM Comment Period End         12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Thomas D. Sheehan, Director, Office of Policy and 
Research, Federal Housing Finance Board, 1777 F Street NW., Washington, 
DC 20006
Phone: 202 408-2870

RIN: 3069-AA46
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage
  
  
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4604. COMMUNITY INVESTMENT PROGRAM

Regulatory Plan:  This entry is Seq. No. 159 in Part II of this issue 
of the Federal Register.

RIN: 3069-AA05
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4605. PAPERWORK REDUCTION ACT--COLLECTION OF INFORMATION CONTROL 
NUMBERS

Priority:  Other

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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Final Action                    06/00/96

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
Phone: 202 408-2536

RIN: 3069-AA25
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4606. ADVANCES TO NONMEMBER MORTGAGEES

Priority:  Substantive, Nonsignificant

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                    03/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Deborah F. Silberman, Deputy General Counsel, Federal 
Housing Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2570

RIN: 3069-AA27
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4607. CLAIMS REGULATION

Priority:  Other

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              06/00/96

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
Phone: 202 408-2536

RIN: 3069-AA30
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4608. MODIFICATION OF DEFINITION OF DEPOSITS IN BANKS OR TRUST 
COMPANIES

Priority:  Substantive, Nonsignificant

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                    06/00/96
Final Action Effective          07/00/96

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
Phone: 202 408-2589

RIN: 3069-AA33
_______________________________________________________________________

4609. AMENDMENT OF AFFORDABLE HOUSING PROGRAM AND COMMUNITY SUPPORT 
REQUIREMENTS REGULATIONS

Priority:  Routine and Frequent

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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                    11/00/95
Final Action Effective          12/00/95

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
Phone: 202 408-2589

RIN: 3069-AA38
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4610.  AMENDMENT OF AFFORDABLE HOUSING PROGRAM REGULATION

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 960

Legal Deadline: None

Abstract: The Finance Board adopted a final rule amending its 
Affordable Housing Program (AHP) regulation to permit the Federal Home 
Loan Banks to set aside a limited amount of AHP funds for assistance to 
first-time homebuyers and, with the Board's prior approval, other 
homeownership goals of the Presidents National Homeownership strategy.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            07/28/95                    60 FR 38768
NPRM Comment Period End         08/28/95                    60 FR 38768
Final Action                    07/00/96
Final Action Effective          08/00/96

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
Phone: 202 408-2589
Fax: 202 408-2580

RIN: 3069-AA43
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4611.  COMMUNITY SUPPORT REQUIREMENTS; RESTRICTIONS ON 
ACCESS TO NEW LONG-TERM ADVANCES

Priority:  Routine and Frequent

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will revise text in the CFR to reduce burden or 
duplication, or streamline requirements.

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

CFR Citation:  12 CFR 936

Legal Deadline: None

Abstract: The Finance Board is amending its regulation on Community 
Support Requirements to clarify and streamline the procedures governing 
restriction of access to new long-term advances for Federal Home Loan 
Bank members that fail to meet community support requirements.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Janice A. Kaye, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2505
Fax: 202 408-2580

RIN: 3069-AA44
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4612.  AFFORDABLE HOUSING PROGRAM APPLICATION SUBSIDY 
LIMITS

Priority:  Routine and Frequent

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

CFR Citation:  12 CFR 960

Legal Deadline: None

Abstract: The Finance Board is amending its Affordable Housing Program 
(AHP) Regulation to permit the Federal Home Loan Banks to establish 
uniform limits on the amount of AHP subsidy available to Bank members 
under a Bank's AHP.

Timetable:
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Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              10/00/95

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
Phone: 202 408-2930
Fax: 202 408-2580

RIN: 3069-AA45
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FEDERAL HOUSING FINANCE BOARD (FHFB)                  Completed Actions
  
  
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4613. BANK REQUEST FOR INFORMATION

Priority:  Other

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 has finalized a regulation establishing 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

_________________________________________________________________________

Interim Final Rule              12/07/90                    55 FR 50545
Final Action                    08/17/95                    60 FR 42779
Final Action Effective          08/17/95

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
Phone: 202 408-2536

RIN: 3069-AA06
_______________________________________________________________________

4614.  REPEAL OF THE NONDISCRIMINATION IN FEDERALLY 
ASSISTED PROGRAMS AND HOUSING OPPORTUNITY ALLOWANCE PROGRAM REGULATIONS

Priority:  Other

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will eliminate existing text in the CFR.

Legal Authority:  12 USC 1422b

CFR Citation:  12 CFR 937; 12 CFR 939

Legal Deadline: None

Abstract: The Finance Board repealed two regulations that it determined 
are no longer necessary, relating to its former Housing Opportunity 
Allowance Program and its administration of federally assisted 
programs.

Timetable:
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Action                            Date                      FR Cite

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Final Action                    07/19/95                    60 FR 36966
Final Action Effective          07/19/95

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
Phone: 202 408-2589
Fax: 202 408-2580

RIN: 3069-AA39
_______________________________________________________________________

4615.  REVISION OF BOARD OF DIRECTORS REPORTING 
REQUIREMENTS

Priority:  Other

Reinventing Government: This rulemaking is part of the Reinventing 
Government effort. It will eliminate existing text in the CFR.

Legal Authority:  5 USC 552; 12 USC 1422a; 12 USC 1422b

CFR Citation:  12 CFR 900; 12 CFR 922

Legal Deadline: None

Abstract: The Finance Board is amending its regulation on Board of 
Directors Responsibility and Conduct to eliminate certain certification 
and disclosure requirements applicable to the Finance Board Directors 
appointed by the President, in order to avoid duplicative and 
burdensome reporting requirements.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    09/22/95                    60 FR 49198

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
Phone: 202 408-2536
Fax: 202 408-2580

RIN: 3069-AA40
[FR Doc. 95-26078 Filed 11-24-95; 8:45 am]
BILLING CODE 6725-01-F