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



[[Page 23789]]




_______________________________________________________________________


Part XXXIII



Office of Federal Housing Enterprise Oversight



_______________________________________________________________________

Semiannual Regulatory Agenda

[[Page 23790]]





OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO)                 


  



_______________________________________________________________________

OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT

12 CFR Ch. XVII

Semiannual Agenda

AGENCY: Office of Federal Housing Enterprise Oversight.

ACTION: Semiannual regulatory agenda.

_______________________________________________________________________

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: March 4, 1996.

Aida Alvarez,

Director, Office of Federal Housing Enterprise Oversight.
_______________________________________________________________________


OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEProposed Rule Stage


  



_______________________________________________________________________




3698. RISK-BASED CAPITAL

Priority:  Substantive, Nonsignificant

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

CFR Citation:  12 CFR 1750

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 credit losses 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           02/08/95                     60 FR 7468
ANPRM Comment Period End        05/09/95
NPRM                            06/00/96

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
_______________________________________________________________________




3699.  RULES OF PRACTICE AND PROCEDURE

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 4631 to 4641

CFR Citation:  12 CFR ch XVII

Legal Deadline: None

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
intends to issue a proposed regulation setting forth rules of practice 
and procedure related to OFHEO's statutory enforcement provisions found 
in subtitle C of title XIII of the Housing and Community Development 
Act of 1992, known as the Federal Housing Enterprises Financial Safety 
and Soundness Act of 1992, 12 USC 4501 et seq. The proposed regulation 
will describe procedures for answering notices of charges, filing and 
service of papers, the designation of a presiding officer, the conduct 
of formal hearings, access to agency process of parties afforded a 
hearing, and various time requirements. In addition, the proposed 
regulation will set rules and procedures for assessment and collection 
of civil money penalties. OFHEO intends to issue the proposed 
regulation in December 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/96

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-AA04
_______________________________________________________________________

[[Page 23791]]




OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO) Final Rule Stage


  



_______________________________________________________________________




3700. 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 July 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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
_______________________________________________________________________




3701. 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 July 1996.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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

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. 96-6554 Filed 05-10-96; 8:45 am]
BILLING CODE 4220-01-F