[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]



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Part XXXIII



Office of Federal Housing Enterprise Oversight



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Semiannual Regulatory Agenda

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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 regulatory agenda.

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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: February 25, 1999.

Mark A. Kinsey,

Acting Director, Office of Federal Housing Enterprise Oversight.
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEProposed Rule Stage




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3729. 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., 
requires the Office of Federal Housing Enterprise Oversight (OFHEO) to 
develop 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 in 
order to maintain positive capital throughout a hypothetical 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:
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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
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
Second NPRM                     04/13/99                    64 FR 18083
Second NPRM Comment Period End  08/11/99

Regulatory Flexibility Analysis Required: No

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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3730.  DEBT COLLECTION

Priority:  Info./Admin./Other

Legal Authority:  5 USC 5514; 26 USC 6402(d); 31 USC 3701 to 3720A; 4 
CFR ch II; 5 CFR 550, subpart K

CFR Citation:  12 CFR 1785

Legal Deadline: None

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
will issue an interim regulation that sets forth procedures for use by 
OFHEO in collecting debts owed to the Federal Government. The interim 
regulation includes procedures for collection of debts through salary 
offset, administrative offset, and tax refund offset. OFHEO will 
request comments on the interim regulation.

Timetable:
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Action                            Date                      FR Cite

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Interim Final Rule              05/00/99

Regulatory Flexibility Analysis Required: No
Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Isabella W. Sammons, Associate General Counsel, Office 
of Federal Housing Enterprise Oversight, 1700 G Street NW., Washington, 
DC 20552
Phone: 202 414-3790

RIN: 2550-AA07

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




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3731. RULES OF PRACTICE AND PROCEDURE

Priority:  Info./Admin./Other

Legal Authority:  12 USC 4513(b)(1); 12 USC 4631 to 4641; 28 USC 2641 
note

CFR Citation:  12 CFR 1780

Legal Deadline: None

Abstract: The Office of Federal Housing Enterprise Oversight (OFHEO) 
issued a final 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 final regulation describes 
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 final regulation sets rules 
of practice, including debarment, suspension and other sanctions, for 
persons who practice before OFHEO.

Timetable:
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Action                            Date                      FR Cite

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NPRM                            09/24/98                    63 FR 51031
NPRM Comment Period End         12/23/98
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

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
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OFFICE OF FEDERAL HOUSING ENTERPRISE OVERSIGHT (OFHEO)Completed Actions




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3732. RELEASING INFORMATION

Priority:  Other Significant

Legal Authority:  5 USC 552; 12 USC 4513; 12 USC 4522; 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 final 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 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.

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                    12/23/98                    63 FR 70999
Final Action Effective          01/22/99

Regulatory Flexibility Analysis Required: No

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
[FR Doc. 99-5645 Filed 04-23-99; 8:45 am]
BILLING CODE 4220-$$-F
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