[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]


Part LIV





Federal Housing Finance Board





_______________________________________________________________________



Semiannual Regulatory Agenda

[[Page 23866]]



FEDERAL HOUSING FINANCE BOARD (FHFB)                                   


  



_______________________________________________________________________

FEDERAL HOUSING FINANCE BOARD

12 CFR Ch. IX

Agenda of Federal Regulatory and Deregulatory Actions

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 Regulatory and 
Deregulatory Actions, as required by section 4 of Executive Order 
12866. These items reflect the status of the regulatory agenda of the 
Finance Board as of April 1, 2000. The Finance Board is an independent 
agency in the executive branch of the Government that is charged by 
statute with supervising and regulating the nation's Federal Home Loan 
Bank (Bank) System and the Financing Corporation (FICO). The Bank 
System consists of: twelve regional Banks that are each owned by their 
member financial institutions and that provide wholesale credit and 
other financial products and services to members and associates to be 
used for housing finance and community lending; and the Office of 
Finance (OF), which issues Bank System consolidated obligations. FICO 
is a corporate entity separate from the Bank System that oversees 
outstanding debt issued to assist in resolving the savings and loan 
crisis of the 1980s. The Finance Board has an ongoing need to adopt 
various regulations dealing with the Agency's internal administration 
and with Bank System and FICO 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, Senior Attorney-
Advisor, Office of General Counsel, Federal Housing Finance Board, 1777 
F Street NW, Washington, DC 20006, (202) 408-2932; e-mail: 
[email protected].

By the Federal Housing Finance Board.

 Elaine L. Baker,

Executive Secretary.

                               Federal Housing Finance Board--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4206        Amendments to Advances Regulation...................................................     3069-AA97
4207        Member Mortgage Assets..............................................................     3069-AA98
4208        Amendment of Community Investment Cash Advance Regulation...........................     3069-AA99
4209        Election of Federal Home Loan Bank Directors........................................     3069-AB00
4210        Minimum Capital Requirements for the Federal Home Loan Banks........................     3069-AB01
----------------------------------------------------------------------------------------------------------------


                                 Federal Housing Finance Board--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4211        Restructuring the Office of Finance.................................................     3069-AA88
4212        Powers and Responsibilities of Federal Home Loan Bank Boards of Directors and Senior     3069-AA90
            Management..........................................................................
4213        Determination of Appropriate Present Value Factors Associated with Payments Made by      3069-AA92
            the Federal Home Loan Banks to the Resolution Trust Corporation.....................
4214        Amendment of Membership and Advances Regulations....................................     3069-AA94
4215        Devolution of Corporate Governance Responsibilities.................................     3069-AA96
----------------------------------------------------------------------------------------------------------------


                                Federal Housing Finance Board--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4216        Amendment of Advances Regulation....................................................     3069-AA83
----------------------------------------------------------------------------------------------------------------


                                Federal Housing Finance Board--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4217        Compensation of FHLBank and Office of Finance Officers and Employees................     3069-AA62
4218        Devolution of Governance Authorities to the FHLBanks................................     3069-AA64
4219        FHLBank System Mission Regulation...................................................     3069-AA65
4220        Caps on Base Salaries of FHLBank Presidents.........................................     3069-AA74

[[Page 23867]]

 
4221        Availability of Unpublished Information.............................................     3069-AA79
4222        Advance Participations/Transfer of Advances.........................................     3069-AA80
4223        Financial Statements of the Banks...................................................     3069-AA81
4224        Amendment of Affordable Housing Program Regulations.................................     3069-AA82
4225        FHLBank Financial Management and Mission Achievement Regulation.....................     3069-AA84
4226        Reorganization of Federal Housing Finance Board Regulations.........................     3069-AA87
4227        Third-Party Collateral Eligible To Secure Advances..................................     3069-AA89
4228        Technical Amendment to Advances to Nonmembers Rule..................................     3069-AA91
4229        Technical Amendment to the Affordable Housing Program Rule..........................     3069-AA93
4230        Technical Amendment to Community Support Requirements Rule..........................     3069-AA95
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


FEDERAL HOUSING FINANCE BOARD (FHFB)                Proposed Rule Stage


  



_______________________________________________________________________




4206.  AMENDMENTS TO ADVANCES REGULATION

Priority: Other Significant

Legal Authority: 12 USC 1430

CFR Citation: 12 CFR 950

Legal Deadline: None

Abstract: The Finance Board intends to publish a proposed rule to amend 
Part 950 of its regulations. The amendment would implement changes to 
the Banks' authority to make advances to members mandated by the 
Federal Home Loan Bank System Modernization Act of 1999 and expand the 
types of collateral that may be accepted to secure advances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/00
NPRM Comment Period End         06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Eric E. Berg, Senior Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2589
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA97
_______________________________________________________________________




4207.  MEMBER MORTGAGE ASSETS

Priority: Other Significant

Legal Authority: 12 USC 1422a; 12 USC 1430; 12 USC 1431

CFR Citation: 12 CFR 955; 12 CFR 980

Legal Deadline: None

Abstract: The Finance Board intends to publish a proposed rule setting 
forth guidelines for Banks' operation of Member Mortgage Asset 
programs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/00
NPRM Comment Period End         06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Eric M. Raudenbush, Senior Attorney-Adviser, Federal 
Housing Finance Board, 7th Floor, 1777 F Street NW, Washington, DC 
20006
Phone: 202 408-2932
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA98
_______________________________________________________________________




4208.  AMENDMENT OF COMMUNITY INVESTMENT CASH ADVANCE REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1422b(a)(1); 12 USC 1430

CFR Citation: 12 CFR 952

Legal Deadline: None

Abstract: The Finance Board intends to adopt a proposed rule amending 
the Community Investment Cash Advance (CICA) regulation to make certain 
technical revision clarifying CICA program requirements and improving 
the operation of CICA programs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/00
NPRM Comment Period Ends        06/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sharon B. Like, Senior Attorney-Advisor, Federal 
Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA99
_______________________________________________________________________




4209.  ELECTION OF FEDERAL HOME LOAN BANK DIRECTORS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1427

CFR Citation: 12 CFR 915

Legal Deadline: None

Abstract: The Finance Board published a proposed rule to amend its 
regulations to address the status of the 1999 and 2000 elections of 
directors at each Bank, and to provide standards

[[Page 23868]]

regarding the manner in which the Banks must stagger their boards.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            04/00/00
NPRM Comment Period End         05/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Neil R. Crowley, Deputy General Counsel, Federal 
Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2990
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB00
_______________________________________________________________________




4210.  MINIMUM CAPITAL REQUIREMENTS FOR THE FEDERAL HOME LOAN 
BANKS

Priority: Other Significant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1426; 12 USC 1422b(a)

CFR Citation: 12 CFR 930

Legal Deadline: Final, Statutory, November 12, 2000, Final Rules to be 
in place.

Abstract: The rulemaking implements provisions of the Federal Home Loan 
Bank System Modernization Act of 1999 which require the Banks to 
maintain sufficient capital to cover risks associated with the Banks' 
activities, pursuant to regulations adopted by the Finance Board, and 
to develop capital plans that will achieve the required minimum capital 
levels.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/00
NPRM Comment Period End         08/00/00
Final Action                    09/00/00
Final Action Effective          10/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas E. Joseph, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2512
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB01
_______________________________________________________________________


FEDERAL HOUSING FINANCE BOARD (FHFB)                   Final Rule Stage


  



_______________________________________________________________________




4211. RESTRUCTURING THE OFFICE OF FINANCE

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1422b; 12 USC 1431

CFR Citation: 12 CFR 966; 12 CFR 985

Legal Deadline: None

Abstract: The Finance Board issued a proposed rule to authorize the 
issuance of consolidated obligations and the conduct of joint asset 
activities by the OF on behalf of the Banks, and to restructure the OF.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/04/00                      65 FR 324
NPRM Comment Period End         03/06/00
Final Rule                      06/00/00
Final Rule Effective            07/00/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Charlotte A. Reid, Special Counsel, Federal Housing 
Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2510
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA88
_______________________________________________________________________




4212.  POWERS AND RESPONSIBILITIES OF FEDERAL HOME LOAN BANK 
BOARDS OF DIRECTORS AND SENIOR MANAGEMENT

Priority: Other Significant

Legal Authority: 12 USC 1422a; 12 USC 1422b; 12 USC 1427; 12 USC 1432; 
12 USC 1436; 12 USC 1440

CFR Citation: 12 CFR 917

Legal Deadline: None

Abstract: The Finance Board published a proposed rule to set forth the 
responsibilities of the boards of directors and senior management of 
the Banks, as a means of ensuring that they fulfill their duties to 
operate the Banks in a safe and sound manner and in furtherance of the 
Banks' housing finance and community lending mission.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM Comment Period End         01/03/00                       65 FR 81
Interim Final Rule              02/02/00
Final Action                    04/00/00
Final Action Effective          05/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Eric M. Raudenbush, Senior Attorney-Adviser, Federal 
Housing Finance Board, 7th Floor, 1777 F Street NW, Washington, DC 
20006
Phone: 202 408-2932
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA90
_______________________________________________________________________




4213.  DETERMINATION OF APPROPRIATE PRESENT VALUE FACTORS 
ASSOCIATED WITH PAYMENTS MADE BY THE FEDERAL HOME LOAN BANKS TO THE 
RESOLUTION TRUST CORPORATION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1422b(a); 12 USC 1441b(f); 12 USC 1430(j)

CFR Citation: 12 CFR 997; 12 CFR 951.1

Legal Deadline: None

Abstract: The rule will implement amendments to the Bank Act required 
by the Federal Home Loan Bank System Modernization Act of 1999. These 
amendments changed the statutory obligation of the Bank System to pay 
funds annually to the Resolution Funding Corporation (REFCORP) from a 
fixed $300 million to 20 percent of the net earnings of each Bank. In 
addition, the Finance Board is to alter the term of the Bank System's

[[Page 23869]]

obligation depending on whether the payments made under the new 
assessment method exceed or fall short of $300 million per year. This 
rulemaking sets forth the calculations that will be used to determine 
the new term of the Banks' obligation and make other conforming changes 
to the regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/04/00                     65 FR 5447
NPRM Comment Period End         03/06/00
Final Action                    04/00/00
Final Action Effective          05/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas E. Joseph, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2512
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA92
_______________________________________________________________________




4214.  AMENDMENT OF MEMBERSHIP AND ADVANCES REGULATIONS

Priority: Other Significant

Legal Authority: 12 USC 1422; 12 USC 1422a; 12 USC 1422b; 12 USC 1423; 
12 USC 1424; 12 USC 1426; 12 USC 1429; 12 USC 1430; 12 USC 1430b; 12 
USC 1431; 12 USC 1442

CFR Citation: 12 CFR 925; 12 CFR 950

Legal Deadline: None

Abstract: The Finance Board adopted an interim final rule amending its 
membership regulation and advances regulation to conform certain 
provisions to the requirements of the Federal Home Loan Bank System 
Modernization Act of 1999 and to make certain technical revisions to 
the membership regulation that are not related to the Modernization 
Act, in order to clarify the treatment of de novo members that fail to 
meet the 10 percent residential mortgage loans requirement within the 
required one-year time frame.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/00/00
Interim Final Rule Comment 
Period End                      05/00/00
Final Action                    07/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sharon B. Like, Senior Attorney-Advisor, Federal 
Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA94
_______________________________________________________________________




4215.  DEVOLUTION OF CORPORATE GOVERNANCE RESPONSIBILITIES

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 1422a; 12 USC 1422b; 12 USC 1426; 12 USC 1427; 
12 USC 1429; 12 USC 1430; 12 USC 1430b; 12 USC 1431; 12 USC 1432; 12 
USC 1442

CFR Citation: 12 CFR 917; 12 CFR 918; 12 CFR 950

Legal Deadline: None

Abstract: The Finance Board adopted a final rule amending its 
regulations to devolve certain corporate governance responsibilities 
from the Finance Board to the Banks, pursuant to the requirements of 
the Federal Home Loan Bank System Modernization Act of 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/21/99                    64 FR 71275
Interim Final Rule Comment 
Period End                      01/20/00
Final Action                    04/00/00
Final Action Effective          04/00/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: When the interim final rule was published in 
the December 21, 1999 issue of the Federal Register (64 FR 71275), the 
RIN number was mistakenly listed as ``3069-AA89.''

Agency Contact: Sharon B. Like, Senior Attorney-Advisor, Federal 
Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA96
_______________________________________________________________________


FEDERAL HOUSING FINANCE BOARD (FHFB)                  Long-Term Actions


  



_______________________________________________________________________




4216. AMENDMENT OF ADVANCES REGULATION

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

CFR Citation: 12 CFR 950.15(b)

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              04/06/99                    64 FR 16788


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Sharon B. Like
Phone: 202 408-2930
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA83

[[Page 23870]]

_______________________________________________________________________


FEDERAL HOUSING FINANCE BOARD (FHFB)                  Completed Actions


  



_______________________________________________________________________




4217. COMPENSATION OF FHLBANK AND OFFICE OF FINANCE OFFICERS AND 
EMPLOYEES

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 1422a; 12 USC 1422b; 12 USC 1432(a)

CFR Citation: 12 CFR 916; 12 CFR 985

Legal Deadline: None

Abstract: The Finance Board was considering a proposed rule to amend 
its regulations to establish guidelines for compensation of OF 
employees and for provision of benefits to Bank employees. In response 
to the enactment of the Federal Home Loan Bank System Modernization Act 
of 1999, this rule has been withdrawn.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       11/12/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Neil R. Crowley, Deputy General Counsel, Federal 
Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2990
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA62
_______________________________________________________________________




4218. DEVOLUTION OF GOVERNANCE AUTHORITIES TO THE FHLBANKS

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 1432(a)

CFR Citation: None

Legal Deadline: None

Abstract: The Finance Board intended to publish one or more proposed 
rules to amend its regulations to devolve corporate governance 
authority with respect to certain matters from the Finance Board to the 
Banks and to set forth guidelines regarding the exercise of these 
authorities. These iniatives have been merged with a similar rulemaking 
published in response to enactment of the Federal Home Loan Bank System 
Modernization Act of 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Merged With 3069-AA89           12/14/99

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Deborah F. Silberman, General Counsel, Federal Housing 
Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2570
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA64
_______________________________________________________________________




4219. FHLBANK SYSTEM MISSION REGULATION

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1422a

CFR Citation: 12 CFR 937

Legal Deadline: None

Abstract: The Finance Board published an advance notice of proposed 
rulemaking asking whether the agency should add to its regulations a 
requirement that each Bank's board of directors prepare annually a 
report on that Bank's fulfillment of its housing finance mission. This 
rulemaking has been withdrawn.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           04/09/97                    62 FR 17108
ANPRM Comment Period End        06/09/97                    62 FR 25563
Withdrawn                       02/29/00

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Mitchell Berns, Director, Office of Supervision, 
Federal Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2562
Fax: 202 408-2854
Email: [email protected]

Deborah F. Silberman, General Counsel, Federal Housing Finance Board, 
1777 F Street NW, Washington, DC 20006
Phone: 202 408-2570
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA65
_______________________________________________________________________




4220. CAPS ON BASE SALARIES OF FHLBANK PRESIDENTS

Priority: Substantive, Nonsignificant

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

CFR Citation: 12 CFR 916

Legal Deadline: None

Abstract: The Finance Board considered a proposed rule to amend 
technically its regulation governing the calculation of Bank 
Presidents' base salary caps. In response to the enactment of the 
Federal Home Loan Bank System Modernization Act of 1999, this rule has 
been withdrawn.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       11/12/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Neil R. Crowley, Deputy General Counsel, Federal 
Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2990
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA74
_______________________________________________________________________




4221. AVAILABILITY OF UNPUBLISHED INFORMATION

Priority: Substantive, Nonsignificant

Legal Authority: 5 USC 301; 12 USC 1422b(a)(1)

CFR Citation: 12 CFR 911

Legal Deadline: None

Abstract: The Finance Board published a final rule adding a new part to 
its regulations governing the availability of unpublished Finance Board 
information. The rule describes the procedures that must be followed 
when requesting unpublished Finance Board information either by 
document or by testimony of current or former Finance Board employees 
or agents and the

[[Page 23871]]

practices and procedures the Finance Board will use in responding to 
such requests.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              08/13/99                    64 FR 44103
Interim Final Rule Comment 
Period End                      10/12/99
Final Action                    11/09/99                    64 FR 61016
Final Action Effective          12/09/99

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: When this interim final rule was published in 
the August 13, 1999 issue of the Federal Register (64 FR 44103), the 
RIN number was mistakenly listed as ``3069-AA81.''

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
Email: [email protected]

RIN: 3069-AA79
_______________________________________________________________________




4222. ADVANCE PARTICIPATIONS/TRANSFER OF ADVANCES

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 1430(d)

CFR Citation: 12 CFR 935.16

Legal Deadline: None

Abstract: The Finance Board published a proposed rule to amend its 
Advances regulation to approve the sale and purchase of whole advances 
between Banks in the event the member to which the advance was made 
originally has ceased to exist as a result of a merger or other 
business combination with and into a member of the purchasing Bank, or 
has become a member of the purchasing Bank. In response to the 
enactment of the Federal Home Loan Bank System Modernization Act of 
1999, this rule has been withdrawn.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/16/99                    64 FR 44444
NPRM Comment Period End         09/15/99
Withdrawn                       12/22/99                    64 FR 71689

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Neil R. Crowley, Deputy General Counsel, Federal 
Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2990
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA80
_______________________________________________________________________




4223. FINANCIAL STATEMENTS OF THE BANKS

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(a)(1)

CFR Citation: 12 CFR 989.2; 12 CFR 985.5

Legal Deadline: None

Abstract: The Finance Board intended to publish a proposed rule to 
amend part 989 of its regulations to devolve to the OF the function of 
preparing the Bank System's annual and quarterly reports. This 
rulemaking has been merged with the rule to reorganize the OF.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Merged With 3069-AA88           01/04/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: When the Finance Board's interim final rule on 
the Availability of Unpublished Information was published in the August 
13, 1999 issue of the Federal Register (64 FR 44103), the RIN number 
was mistakenly listed as ``3069-AA81.'' The correct RIN number for that 
rule is 3069-AA79.

Agency Contact: Eric E. Berg, Senior Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2589
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA81
_______________________________________________________________________




4224. AMENDMENT OF AFFORDABLE HOUSING PROGRAM REGULATIONS

Priority: Other Significant

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

CFR Citation: 12 CFR 951

Legal Deadline: None

Abstract: The Finance Board adopted as final, with no changes, an 
interim final rule that made certain technical changes to its 
Affordable Housing Program regulation to resolve operational issues 
that have arisen since its promulgation in 1997.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              05/05/99                    64 FR 24025
Interim Final Rule Effective    06/04/99
Interim Final Rule Comment 
Period End                      07/06/99
Final Action                    01/04/00                      65 FR 203
Final Action Effective          01/04/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Sharon B. Like, Senior Attorney-Advisor, Federal 
Housing Finance Board, 1777 F Street NW, Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA82
_______________________________________________________________________




4225. FHLBANK FINANCIAL MANAGEMENT AND MISSION ACHIEVEMENT REGULATION

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 1422b(a); 12 USC 1431; 12 USC 1436(a)

[[Page 23872]]

CFR Citation: 12 CFR 917; 12 CFR 925; 12 CFR 930; 12 CFR 940; 12 CFR 
950; 12 CFR 954 to 955; 12 CFR 958; 12 CFR 965 to 966; 12 CFR 980

Legal Deadline: None

Abstract: The Finance Board proposed to adopt new financial management 
and mission achievement regulations and amend certain existing 
regulations for the Banks. The Finance Board has withdrawn this 
rulemaking in response to the enactment of the Federal Home Loan Bank 
System Modernization Act of 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/27/99                    64 FR 52163
Withdrawn                       11/24/99                    64 FR 66115

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: James L. Bothwell, Chief Economist, Director, Policy, 
Research & Analysis, Federal Housing Finance Board, 1777 F Street NW, 
Washington, DC 20006
Phone: 202 408-2821
Fax: 202 408-2850
Email: [email protected]

Deborah F. Silberman, General Counsel, Federal Housing Finance Board, 
1777 F Street NW, Washington, DC 20006
Phone: 202 408-2570
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA84
_______________________________________________________________________




4226. REORGANIZATION OF FEDERAL HOUSING FINANCE BOARD REGULATIONS

Priority: Info./Admin./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 900 to 996

Legal Deadline: None

Abstract: The Finance Board issued a final rule reorganizing and 
renumbering its regulations and deleting obsolete regulations in order 
to achieve greater consistency with current stylistic conventions of 
the CFR and to prepare for the anticipated incorporation of new rules 
to implement the Federal Home Loan Bank System Modernization Act of 
1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/27/99                    64 FR 52148
NPRM Comment Period End         12/26/99
Final Rule                      02/18/00                     65 FR 8253
Final Rule Effective            02/18/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Eric M. Raudenbush, Senior Attorney-Adviser, Federal 
Housing Finance Board, 7th Floor, 1777 F Street NW, Washington, DC 
20006
Phone: 202 408-2932
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA87
_______________________________________________________________________




4227. THIRD-PARTY COLLATERAL ELIGIBLE TO SECURE ADVANCES

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1430

CFR Citation: 12 CFR 935

Legal Deadline: None

Abstract: The Finance Board intended to publish a proposed rule to 
amend its Advances regulation to clarify the circumstances under which 
a Bank may accept as collateral for advances assets held by a member's 
affiliate. This rulemaking has been merged with the proposed rule to 
implement the collateral provisions of the Federal Home Loan Bank 
System Modernization Act of 1999.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Merged With 3069-AA97           02/01/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: When the Finance Board's interim final rule on 
the devolution of corporate governance authorities was published in the 
December 21, 1999 issue of the Federal Register (64 FR 71275), the RIN 
number was mistakenly listed as ``3069-AA89.'' The correct RIN number 
for that rule is 3069-AA96.

Agency Contact: Eric M. Raudenbush, Senior Attorney-Adviser, Federal 
Housing Finance Board, 7th Floor, 1777 F Street NW, Washington, DC 
20006
Phone: 202 408-2932
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AA89
_______________________________________________________________________




4228.  TECHNICAL AMENDMENT TO ADVANCES TO NONMEMBERS RULE

Priority: Info./Admin./Other

Legal Authority: 44 USC 3507

CFR Citation: 12 CFR 950

Legal Deadline: None

Abstract: The Finance Board published a final rule amending its 
advances regulation to set forth a new OMB control number approving an 
information collection, pursuant to the Paperwork Reduction Act of 
1995.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    01/04/00                      65 FR 203
Final Action Effective          01/04/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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
Email: [email protected]

RIN: 3069-AA91
_______________________________________________________________________




4229.  TECHNICAL AMENDMENT TO THE AFFORDABLE HOUSING PROGRAM 
RULE

Priority: Info./Admin./Other

Legal Authority: 44 USC 3507

CFR Citation: 12 CFR 951

Legal Deadline: None

Abstract: The Finance Board published a final rule amending its 
Affordable Housing Program regulation to show a new OMB control number 
approving an information collection, pursuant to the Paperwork 
Reduction Act of 1995.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/04/00                     65 FR 5418
Final Action Effective          02/04/00

[[Page 23873]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

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
Email: [email protected]

RIN: 3069-AA93
_______________________________________________________________________




4230.  TECHNICAL AMENDMENT TO COMMUNITY SUPPORT REQUIREMENTS 
RULE

Priority: Info./Admin./Other

Legal Authority: 44 USC 3507

CFR Citation: 12 CFR 944

Legal Deadline: None

Abstract: The Finance Board published a final rule amending its 
Community Support Requirements regulation to set forth a new OMB 
control number approving an information collection, pursuant to the 
Paperwork Reduction Act of 1995.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    02/07/00                     65 FR 5738
Final Action Effective          02/07/00

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: When the interim final rule was published in 
the December 21, 1999 issue of the Federal Register (64 FR 71275), the 
RIN number was mistaken listed as ``3069-AA89.''

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
Email: [email protected]

RIN: 3069-AA95
[FR Doc. 00-6928 Filed 04-21-00; 8:45 am]
BILLING CODE 6725-01-F
