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



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Part LIV



Federal Housing Finance Board



_______________________________________________________________________

Semiannual Regulatory Agenda

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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: Semiannual regulatory agenda.

_______________________________________________________________________

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 April 1, 1996. The Finance Board is an independent agency in the 
executive branch of the 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 the 
Agency's internal administration and with Federal Home Loan Bank System 
issues.

ADDRESSES: Executive Secretariat, Federal Housing Finance Board, 1777 F 
Street NW., Washington, DC 20006, (202) 408-2837.

FOR FURTHER INFORMATION CONTACT: Eric M. Raudenbush, Attorney-Advisor, 
Office of General Counsel, Room 324, Federal Housing Finance Board, 
1777 F Street NW., Washington, DC 20006, (202) 408-2932.

Dated: March 15, 1996.

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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4282. AFFORDABLE HOUSING PROGRAM

Priority:  Economically Significant

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(a)(1); 12 USC 1430(j)

CFR Citation:  12 CFR 960

Legal Deadline: None

Abstract: The Federal Housing Finance Board (Finance Board) will issue 
a second proposed rule revising its regulation governing the Affordable 
Housing Program (AHP) in order to simplify and clarify the AHP's 
requirements for the Federal Home Loan Banks (FHLBanks) and their 
members.

Statement of Need: The Finance Board is revising its AHP Regulation in 
order to address operational issues that have arisen during the 6 years 
the program has been in existence. The proposed AHP amendments will 
help enhance the AHP's compatibility with various State and Federal 
housing programs that provide funds in conjunction with AHP funds. In 
addition, the amendments would make the AHP more responsive to local 
low-income housing needs in each of the 12 FHLBank districts and 
increase efficiency in administration of the program.

Summary of the Legal Basis: Section 10(j) of the Federal Home Loan Bank 
Act requires the Finance Board to promulgate regulations governing the 
AHP. See 12 U.S.C. 1430(j).

Alternatives: During the development of the proposed AHP amendments, 
the Finance Board considered various alternative approaches to dealing 
with the operational issues that have arisen over the 6 years of the 
AHP's existence. In addition, the Finance Board will consider all 
alternatives suggested by the public during the notice-and-comment 
process.

Anticipated Costs and Benefits: At this time, it is not possible to 
quantify the expected costs and benefits of the revised AHP regulation. 
In general, the Finance Board expects the revised AHP regulation to 
reduce the FHLBanks' administrative costs of operating the AHP.

Risks: The revised AHP regulation does not address issues of financial 
risk to the FHLBanks. The advances made by the FHLBanks through the 
AHP, like all FHLBank advances, are governed by the Finance Board's 
Advances regulation, which addresses the safety and soundness issues 
involved in making advances. Because advances made through the AHP are 
overcollateralized, there is a low magnitude of risk of loss to the 
FHLBanks in making such advances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/10/94                     59 FR 1323
NPRM Comment Period End         03/11/94
Second NPRM                     06/00/96
Second NPRM Comment Period End  08/00/96
Final Action                    10/00/96
Final Action Effective          12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Diane E. Dorius, Deputy Director, Office of Housing 
Finance, Federal Housing Finance Board, 1777 F Street NW., Washington, 
DC 20006
Phone: 202 408-2576

RIN: 3069-AA28
_______________________________________________________________________




4283. 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
_______________________________________________________________________

[[Page 23989]]





4284. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           09/02/93                    58 FR 46469
ANPRM Comment Period End        12/31/93                    58 FR 58305
NPRM                            12/00/96
NPRM Comment Period End         02/00/97

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
_______________________________________________________________________




4285. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

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
_______________________________________________________________________




4286. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/00/96
NPRM Comment Period End         11/00/96

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
_______________________________________________________________________




4287.  FEDERAL HOME LOAN BANK DIRECTORS FEES AND EXPENSES

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 1427

CFR Citation:  12 CFR 932.27

Legal Deadline: None

Abstract: The Finance Board is considering the promulgation of a new 
regulation governing fees and expenses for Federal Home Loan Bank 
directors. The new regulation would replace the existing Finance Board 
policy on directors fees and expenses and would allow the Banks more 
freedom in developing policies on payment of fees and expenses to their 
board directors.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/96
NPRM Comment Period End         07/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Eric M. Raudenbush, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2932
Fax: 202 408-2580

RIN: 3069-AA49
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FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage


  



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4288. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/20/93                    58 FR 29474
Final Action                    09/00/96

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
_______________________________________________________________________




4289. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/29/93                    58 FR 50867
NPRM Comment Period End         11/29/93
Final Action                    04/00/96
Final Action Effective          04/00/96

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

RIN: 3069-AA33
_______________________________________________________________________




4290. MEMBERS OF THE FEDERAL HOME LOAN BANKS

Priority:  Other Significant

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 1424; 12 USC 1426; 
12 USC 1442

CFR Citation:  12 CFR 933

Legal Deadline: None

Abstract: The Finance Board is amending its regulation on members of 
the Banks to allow the 12 Federal Home Loan Banks, rather than the 
Finance Board, to approve applications for Bank membership.

Statement of Need: The proposed rule permits the FHLBanks, rather than 
the Finance Board, to approve applications for FHLBank membership. It 
requires the FHLBanks to apply most of the tests and criteria for 
membership currently used by the Finance Board in approving 
applications. The regulation, as amended, would further the Finance 
Board's policy to devolve to the FHLBanks as many functions of 
corporate governance as are practicable under the current statutory 
scheme.

Summary of the Legal Basis: Section 4 of the Bank Act sets forth 
eligibility criteria for membership in FHLBanks, but does not require 
expressly that the Finance Board approve individual applications for 
membership. (See 12 USC 1424.) Section 2B(a)(1) of the Bank Act 
authorizes the Finance Board to promulgate regulations necessary to 
carry out the provisions of the Bank Act (see 1422b(a)(1)), including 
those necessary to fulfill the Finance Board's duties to ensure the 
safety and soundness of the FHLBank system (see 1424a(3)(A)), and to 
ensure that the FHLBanks carry out their housing finance mission (see 
1422a(3)(B)(i)). Therefore, the Finance Board has the statutory power 
both to devolve to the FHLBanks approval authority regarding membership 
applications and to establish regulatory guidelines to govern the 
FHLBanks' exercise of such authority.

Alternatives: In deciding whether to amend its regulation on members of 
the FHLBanks, the Finance Board considered the possibility of retaining 
final approval authority over FHLBank membership applications. However, 
the Finance Board determined that such a course would continue to cause 
unnecessary delay in the processing of membership applications and 
would maintain a layer of bureaucracy in the application process that 
is not necessary to ensure the safety and soundness of the FHLBank 
System or to ensure that the FHLBanks are carrying out their housing 
finance mission.

Anticipated Costs and Benefits: The regulation on members of the 
FHLBanks, as amended, will not impose any additional costs on either 
the Finance Board, the FHLBanks, or potential FHLBank members and will 
render benefits to each. Applicants for membership will continue to 
submit application materials, but will do so pursuant to streamlined 
procedures. FHLBanks will continue to review membership applications, 
as they do currently, but will not need to prepare the materials for 
Finance Board review. With the elimination of the membership 
application review function, Finance Board staffing levels may be 
reduced, or staff time may be devoted to other priorities. Ultimately, 
this will benefit the FHLBanks, which fund Finance Board operations 
through the payment of annual assessments.

Risks: The only risk to which the amendment of the regulation on 
members of the FHLBank System applies is the financial risk assumed by 
FHLBanks in accepting financial institutions as members. The amended 
regulation will minimize this risk by requiring that the FHLBanks apply 
the same safety and soundness guidelines in assessing membership 
applications that are applied now by the Finance Board.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/27/95                    60 FR 54958
NPRM Comment Period End         12/26/95

[[Page 23991]]

Final Action                    06/00/96
Final Action Effective          08/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Amy R. Maxwell, Associate Director, District Banks 
Secretariat, Federal Housing Finance Board, 1777 F Street NW., 
Washington, DC 20006
Phone: 202 408-2882

RIN: 3069-AA41
_______________________________________________________________________




4291. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/01/95                    60 FR 55487
NPRM Comment Period End         12/18/95
Final Action                    04/00/96
Final Action Effective          05/00/96

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
Fax: 202 408-2580

RIN: 3069-AA45
_______________________________________________________________________


FEDERAL HOUSING FINANCE BOARD (FHFB)                  Long-Term Actions


  



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4292. COMMUNITY INVESTMENT PROGRAM

Priority:  Economically Significant

CFR Citation:  12 CFR 961

Timetable: Next Action Undetermined

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Sylvia Martinez
Phone: 202 408-2825

RIN: 3069-AA05
_______________________________________________________________________


FEDERAL HOUSING FINANCE BOARD (FHFB)                  Completed Actions


  



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4293. 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 has considered adopting a new part 908 to 
its general regulations to 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

________________________________________________________________________

Withdrawn                       02/09/96

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
_______________________________________________________________________




4294. 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 had considered issuing 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 would 
have established 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

________________________________________________________________________

Withdrawn                       02/09/96

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
_______________________________________________________________________




4295. 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 had considered amending its regulations to 
establish guidelines for pricing Community Investment Program advances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/09/96

Small Entities Affected: None

Government Levels Affected: None

[[Page 23992]]

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
_______________________________________________________________________




4296. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/07/93                    58 FR 17968
Merged into RIN 3069-AA28       02/09/96

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
_______________________________________________________________________




4297. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/05/93                    58 FR 58988
NPRM Comment Period End         01/04/94
Merged into RIN 3069-AA28       02/09/96

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-AA38
_______________________________________________________________________




4298. 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 President's National Homeownership strategy.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/28/95                    60 FR 38768
NPRM Comment Period End         08/28/95
Final Action                    09/25/95                    60 FR 49327
Final Action Effective          10/25/95

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-AA43
_______________________________________________________________________




4299. 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:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       02/09/96

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
_______________________________________________________________________




4300.  CHARITABLE CONTRIBUTIONS

Priority:  Substantive, Nonsignificant

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

Legal Authority:  12 USC 1422b; 12 USC 1442

CFR Citation:  12 CFR 934

Legal Deadline: None

[[Page 23993]]

Abstract: The Finance Board rescinded its regulation limiting the 
dollar amount that a Federal Home Loan Bank may contribute to 
charitable organizations during a calendar year.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/20/95                    60 FR 65515
Final Action Effective          12/20/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: E. Ellen Hancock, Assistant Director, Office of Policy 
and Financial Reporting, Federal Housing Finance Board, 1777 F Street 
NW., Washington, DC 20006
Phone: 202 408-2906

RIN: 3069-AA47
_______________________________________________________________________




4301.  PRICING SERVICES

Priority:  Other

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 1431(e)

CFR Citation:  12 CFR 943.6

Legal Deadline: None

Abstract: The Finance Board amended its regulation regarding item 
processing services by the Federal Home Loan Banks by eliminating the 
requirement of prior Finance Board approval of prices for such services

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    11/17/95                    60 FR 57681
Final Action Effective          11/17/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Edward J. Reedy, Associate Director, Regulatory 
Oversight Division, Federal Housing Finance Board, 1777 F Street NW., 
Washington, DC 20006
Phone: 202 408-2959

RIN: 3069-AA48
[FR Doc. 96-6955 Filed 05-10-96; 8:45 am]
BILLING CODE 6725-01-F