[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 LIII





Federal Housing Finance Board





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Semiannual Regulatory Agenda

[[Page 65622]]



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, 1625 I Street NW., 
Washington, DC 20006;

FOR FURTHER INFORMATION CONTACT: Shelia S. Willis, Office of General 
Counsel, Federal Housing Finance Board, 1625 I Street NW., Washington, 
DC 20006, (202) 408-2876; e-mail: [email protected].

By the Federal Housing Finance Board.

 John P. Kennedy,

General Counsel.

                               Federal Housing Finance Board--Proposed Rule Stage
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4023        Affordable Housing Program............................................................    3069-AB26
4024        Minimum Retained Earnings Requirement and Limitations on Excess Stock.................    3069-AB30
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                                 Federal Housing Finance Board--Final Rule Stage
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4025        Data Reporting Requirements for the Federal Home Loan Banks...........................    3069-AB28
----------------------------------------------------------------------------------------------------------------


                                Federal Housing Finance Board--Long-Term Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4026        Board Governance......................................................................    3069-AB19
4027        New Business Activities...............................................................    3069-AB20
4028        Community Support Requirements........................................................    3069-AB21
4029        Federal Home Loan Bank Anti-Money Laundering Programs.................................    3069-AB27
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                                Federal Housing Finance Board--Completed Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
----------------------------------------------------------------------------------------------------------------
4030        Federal Home Loan Bank Appointed Directors............................................    3069-AB24
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[[Page 65623]]

_______________________________________________________________________


Federal Housing Finance Board (FHFB)                Proposed Rule Stage


  



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4023. 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 considering adopting comprehensive 
amendments to its Affordable Housing Program regulations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            12/00/05

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, 1625 I Street, NW., Washington, DC 20006
Phone: 202 408-2930
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB26
_______________________________________________________________________




4024. [bull] MINIMUM RETAINED EARNINGS REQUIREMENT AND LIMITATIONS ON 
EXCESS STOCK

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1422a(a)(3); 12 USC 1422b(a)(1); 12 USC 
1426(a)(4); 12 USC 1436(a)

CFR Citation: 12 CFR 925; 12 CFR 930; . . .

Legal Deadline: None

Abstract: The Finance Board is intending to propose a rule that would 
address safety and soundness and public concerns with the levels of 
retained earnings currently held by the Federal Home Loan Banks and the 
use by the Federal Home Loan Banks of stock that is in excess of their 
members' required stock purchases to capitalize their balance sheets. 
As now envisioned, the proposal would establish a minimum retained 
earnings target for each Federal Home Loan Bank and a limit on each 
Federal Home Loan Bank's total holding of excess stock.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            11/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas E. Joseph, Senior Attorney Advisor, Federal 
Housing Finance Board, 1625 I Street NW., Washington, DC 20006
Phone: 202 408-2512
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB30
_______________________________________________________________________


Federal Housing Finance Board (FHFB)                   Final Rule Stage


  



_______________________________________________________________________




4025. DATA REPORTING REQUIREMENTS FOR THE FEDERAL HOME LOAN BANKS

Priority: Substantive, Nonsignificant

Legal Authority: None

CFR Citation: 12 CFR 900; 12 CFR 914; 12 CFR 915; 12 CFR 917; 12 CFR 
925; 12 CFR 950 to 952; 12 CFR 955

Legal Deadline: None

Abstract: The Finance Board has proposed a rule as part of its 
reorganization of data reporting requirements for the Federal Home Loan 
Banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/28/05                     70 FR 9551
NPRM Comment Period End         04/29/05
Final Action                    12/00/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas Hearn, Attorney Advisor, Federal Housing Finance 
Board, 1625 I Street NW., Washington, DC 20006
Phone: 202 408-2976
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB28
_______________________________________________________________________


Federal Housing Finance Board (FHFB)                  Long-Term Actions


  



_______________________________________________________________________




4026. 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: Neil R. Crowley
Phone: 202 408-2990
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB19
_______________________________________________________________________




4027. 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
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB20
_______________________________________________________________________




4028. COMMUNITY SUPPORT REQUIREMENTS

Priority: Other Significant

CFR Citation: 12 CFR 944

[[Page 65624]]

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Janice A. Kaye
Phone: 202 408-2505
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB21
_______________________________________________________________________




4029. FEDERAL HOME LOAN BANK ANTI-MONEY LAUNDERING PROGRAMS

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

CFR Citation: 12 CFR 979

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                             To Be                       Determined

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Thomas Jennings
Phone: 202 408-2553
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB27
_______________________________________________________________________


Federal Housing Finance Board (FHFB)                  Completed Actions


  



_______________________________________________________________________




4030. FEDERAL HOME LOAN BANK APPOINTED DIRECTORS

Priority: Other Significant

Legal Authority: 12 USC 1422a; 12 USC 422b; 12 USC 1426; 12 USC 1427; 
12 USC 1432

CFR Citation: 12 CFR 915

Legal Deadline: None

Abstract: The Finance Board issued a proposed rule to provide that at 
least one of the appointed directors serving on the board of directors 
of each Bank has a background or experience that reasonably 
demonstrates that the director would have a strong understanding of the 
risks arising from the activities of a particular Bank. It is intended 
to enhance the corporate governance practices of the Banks.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            03/19/03                    68 FR 13238
NPRM Comment Period End         06/17/03
Withdrawn                       09/02/05

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Patricia L. Sweeney, Program Analyst, Federal Housing 
Finance Board, 1625 I Street NW., Washington, DC 20006
Phone: 202 408-2872
Fax: 202 408-2930
Email: [email protected]

Thomas E. Joseph, Senior Attorney Advisor, Federal Housing Finance 
Board, 1625 I Street NW., Washington, DC 20006
Phone: 202 408-2512
Fax: 202 408-2580
Email: [email protected]

RIN: 3069-AB24
[FR Doc. 05-18116 Filed 10-28-05; 8:45 am]
BILLING CODE 6725-01-S