[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]


_______________________________________________________________________

Part XXXIII





Office of Federal Housing Enterprise Oversight





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 22800]]



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.

Dated: February 13, 1998.

Mark A. Kinsey,

Acting Director, Office of Federal Housing Enterprise Oversight.
_______________________________________________________________________


OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEProposed Rule Stage


  



_______________________________________________________________________




3737. RULES OF PRACTICE AND PROCEDURE

Priority:  Info./Admin./Other

Legal Authority:  12 USC 4513(b)(1); 12 USC 4631 to 4641

CFR Citation:  12 CFR 1780

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 U.S.C. 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 of practice, including debarment, 
suspension and other sanctions, for persons who practice before OFHEO. 
OFHEO intends to issue the proposed regulation in early 1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/98

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
_______________________________________________________________________


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


  



_______________________________________________________________________




3738. RELEASING INFORMATION

Priority:  Other Significant

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 June 1998.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/11/95                    60 FR 25162
NPRM Comment Period End         07/10/95
Final Action                    06/00/98

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
_______________________________________________________________________




3739. IMPLEMENTATION OF THE PRIVACY ACT OF 1974

Priority:  Other Significant

Legal Authority:  5 USC 552a

CFR Citation:  12 CFR 1720

Legal Deadline: None

Abstract: The interim final regulation implements the Privacy Act of 
1974 (5 U.S.C. 552a). The Privacy Act is a records management statute 
designed to balance the Government's need to maintain information about 
individuals with the rights of individuals to be protected against 
unwarranted invasions of their privacy. The interim final regulation 
applies to all records that are contained in systems of records 
maintained by the Office of Federal Housing Enterprise Oversight. The 
interim final regulation informs individuals how to obtain and amend 
non-exempt records indexed under their names. The regulation also 
places restrictions on the release of covered information.

[[Page 22801]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/23/98                     63 FR 8840
Interim Final Rule Comment 
Period End                      04/24/98

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-AA05
_______________________________________________________________________


OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO)Long-Term Actions


  



_______________________________________________________________________




3740. RISK-BASED CAPITAL

Priority:  Other Significant

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 U.S.C. 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 10-year period of economic stress (stress period).
A notice of proposed rulemaking was published on June 11, 1996, with a 
90-day comment period. The comment period was later extended to October 
24, 1996. The proposed regulation includes a discussion of the basis 
for identifying the benchmark loss experience which will provide the 
basis for calculating credit losses during the stress period. The 
proposed regulation also discusses OFHEO's housing price index which is 
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                            06/11/96                    61 FR 29592
NPRM Comment Period Extended    08/19/96                    61 FR 42824
NPRM Comment Period Extended to 10/24/96


Next Action Undetermined

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
_______________________________________________________________________


OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO)Completed Actions


  



_______________________________________________________________________




3741.  CIVIL MONEY PENALTIES

Priority:  Substantive, Nonsignificant

Legal Authority:  12 USC 4513; 28 USC 2461

CFR Citation:  12 CFR 1780

Legal Deadline:  Final, Statutory, December 31, 1997.

Abstract: OFHEO issued this final rule to adjust each civil money 
penalty within its jurisdiction to account for inflation. This action 
is necessary to implement the Federal Civil Penalties Inflation 
Adjustment Act of 1990, known as the Debt Collection Improvement Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    12/31/97                    62 FR 68152

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-AA06
[FR Doc. 98-5158 Filed 04-24-98; 8:45 am]
BILLING CODE 4220-01-F