[The Regulatory Plan and 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 LV





Federal Housing Finance Board





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Semiannual Regulatory Agenda

[[Page 73954]]



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. 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 comprises 12 regional 
Federal Home Loan Banks that are each owned by their member financial 
institutions and that provide wholesale credit to members and certain 
nonmembers to be used for mortgage lending and related community 
lending activities. The Bank System also includes the Office of 
Finance, 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.

    This edition of the Unified Agenda of Federal Regulatory and 
Deregulatory Actions includes The Regulatory Plan, which appears in 
part II of this issue of the Federal Register. The Finance Board's 
Statement of Regulatory Priorities is included in part II.

ADDRESSES: Federal Housing Finance Board, 1777 F Street NW., 
Washington, DC 20006.

FOR FURTHER INFORMATION CONTACT: Mary H. Gottlieb, Office of General 
Counsel, Federal Housing Finance Board, 1777 F Street NW., Washington, 
DC 20006, (202) 408-2826; E-mail: [email protected].

Dated: September 30, 2003.

By the Federal Housing Finance Board.

Arnold Intrater,

General Counsel.

                               Federal Housing Finance Board--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4203        Public Disclosure...................................................................    3069--AB22
4204        Federal Home Loan Bank Anti--Money Laundering Programs..............................    3069--AB27
----------------------------------------------------------------------------------------------------------------


                                Federal Housing Finance Board--Long--Term Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4205        Modernized Federal Home Loan Bank Membership........................................    3069--AB09
4206        Acquired Member Assets..............................................................    3069--AB18
4207        Board Governance....................................................................    3069--AB19
4208        New Business Activities.............................................................    3069--AB20
4209        Community Support Requirements......................................................    3069--AB21
4210        Federal Home Loan Bank Appointed Directors..........................................    3069--AB24
4211        Affordable Housing Program..........................................................    3069--AB26
----------------------------------------------------------------------------------------------------------------


                                Federal Housing Finance Board--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4212        Amendments to Privacy Act Regulation................................................    3069--AB07
4213        Description of Organization and Functions Regulation................................    3069--AB25
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[[Page 73955]]

_______________________________________________________________________


Federal Housing Finance Board (FHFB)                Proposed Rule Stage






_______________________________________________________________________




4203. PUBLIC DISCLOSURE

Priority: Other Significant

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

CFR Citation: 12 CFR 900; 12 CFR 998

Legal Deadline: None

Abstract: The Finance Board adopted a proposed rule to improve public 
disclosure by the Federal Home Loan Banks including addressing the 
requirements of the Securities Act of 1933 and the Securities Exchange 
Act of 1934, as these Acts are interpreted and applied by the SEC.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            09/17/03                    68 FR 54396
NPRM Comment Period End         01/15/04

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John P. Foley, Senior Attorney, Federal Housing Finance 
Board, 1777 F Street NW., Washington, DC 20552
Phone: 202 408--2932
Email: [email protected]

Joseph A. McKenzie, Deputy Chief Economist, Federal Housing Finance 
Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408--2845
Email: [email protected]

RIN: 3069-AB22
_______________________________________________________________________




4204. [bull] FEDERAL HOME LOAN BANK ANTI--MONEY LAUNDERING PROGRAMS

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

Legal Authority: 12 USC 1422a; 12 USC 1422b; 31 USC 5318

CFR Citation: 12 CFR 979

Legal Deadline: None

Abstract: The Federal Housing Finance Board is considering adopting a 
proposed regulation that would require the Federal Home Loan Banks to 
adopt anti--money laundering programs pursuant to the USA Patriot Act.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/03

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Michael P. Vallely, Senior Attorney--Advisor, Federal 
Housing Finance Board, 1777 F Street, NW., Washington, DC 20006
Phone: 202 408--2589
Email: [email protected]

RIN: 3069-AB27
_______________________________________________________________________


Federal Housing Finance Board (FHFB)                  Long-Term Actions






_______________________________________________________________________




4205. MODERNIZED FEDERAL HOME LOAN BANK MEMBERSHIP

Priority: Other Significant

CFR Citation: 12 CFR 925

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Multiple Bank Membership 
Solicitation of Comments        10/03/01                    66 FR 50366
Extension of Comment Period     12/04/01                    66 FR 63007
Solicitation of Comments Period 
End                             03/04/02


Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Neil R. Crowley
Phone: 202 408--2990
Email: [email protected]

Daniel Coates
Phone: 202 408--2959
Email: [email protected]

RIN: 3069-AB09
_______________________________________________________________________




4206. ACQUIRED MEMBER ASSETS

Priority: Other Significant

CFR Citation: 12 CFR 900; 12 CFR 932; 12 CFR 955

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            07/01/03                    68 FR 39027
NPRM Comment Period End         09/02/03
NPRM Withdrawal                 09/17/03                    68 FR 54396
Second NPRM                      To Be                       Determined

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]

Scott Smith
Phone: 202 408--2991
Email: [email protected]

RIN: 3069-AB18
_______________________________________________________________________




4207. BOARD GOVERNANCE

Priority: Other Significant

CFR Citation: 12 CFR 915; 12 CFR 917; 12 CFR 918

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Arnold Intrater
Phone: 202 408--2536
Email: [email protected]

RIN: 3069-AB19
_______________________________________________________________________




4208. NEW BUSINESS ACTIVITIES

Priority: Other Significant

CFR Citation: 12 CFR 980

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Neil R. Crowley
Phone: 202 408--2990
Email: [email protected]

RIN: 3069-AB20
_______________________________________________________________________




4209. COMMUNITY SUPPORT REQUIREMENTS

Priority: Other Significant

CFR Citation: 12 CFR 944

[[Page 73956]]

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Janice A. Kaye
Phone: 202 408--2505
Email: [email protected]

RIN: 3069-AB21
_______________________________________________________________________




4210. FEDERAL HOME LOAN BANK APPOINTED DIRECTORS

Priority: Other Significant

CFR Citation: 12 CFR 915

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/19/03                    68 FR 13238
NPRM Comment Period End         06/17/03
Final Action                     To Be                       Determined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Patricia L. Sweeney
Phone: 202 408--2872
Email: [email protected]

RIN: 3069-AB24
_______________________________________________________________________




4211. [bull] AFFORDABLE HOUSING PROGRAM

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

Legal Authority: 12 USC 1430(j)

CFR Citation: 12 CFR 951

Legal Deadline: None

Abstract: The Finance Board is planning to adopt comprehensive 
amendments to its Affordable Housing Program regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

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-AB26
_______________________________________________________________________


Federal Housing Finance Board (FHFB)                  Completed Actions






_______________________________________________________________________




4212. AMENDMENTS TO PRIVACY ACT REGULATION

Priority: Info./Admin./Other

Legal Authority: 5 USC 552; 5 USC 552a

CFR Citation: 12 CFR 910; 12 CFR 913

Legal Deadline: None

Abstract: The Finance Board issued a final rule to revise its Privacy 
Act regulation to reflect an agency reorganization.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              07/03/03                    68 FR 39810
Interim Final Rule Comment 
Period End                      09/02/03
Final Action                    10/15/03                    68 FR 59308
Final Action Effective          11/14/03

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
Email: [email protected]

RIN: 3069-AB07
_______________________________________________________________________




4213. [bull] DESCRIPTION OF ORGANIZATION AND FUNCTIONS REGULATION

Priority: Info./Admin./Other. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 5 USC 552; 12 USC 1422b(a); 12 USC 1423

CFR Citation: 12 CFR 900; 12 CFR 905

Legal Deadline: None

Abstract: The Finance Board revised its Description of Organization and 
Functions regulation to reflect agency reorganizations that have 
already taken effect.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Action                    06/27/03                    68 FR 38169
Final Action Effective          06/27/03

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
Email: [email protected]

RIN: 3069-AB25
[FR Doc. 03-27063 Filed 12-19-03; 8:45 am]
BILLING CODE 6725-01-S
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