[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 LII





Federal Housing Finance Board





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Semiannual Regulatory Agenda

[[Page 23652]]



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.

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].

Dated: March 1, 2006

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
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3899        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
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3900        Affordable Housing Program............................................................    3069-AB26
3901        Data Reporting Requirements for the Federal Home Loan Banks...........................    3069-AB28
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                                Federal Housing Finance Board--Long-Term Actions
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                                                                                                     Regulation
 Sequence                                           Title                                            Identifier
  Number                                                                                               Number
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3902        Board Governance......................................................................    3069-AB19
3903        New Business Activities...............................................................    3069-AB20
3904        Community Support Requirements........................................................    3069-AB21
3905        Federal Home Loan Bank Anti-Money Laundering Programs.................................    3069-AB27
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_______________________________________________________________________


Federal Housing Finance Board (FHFB)                Proposed Rule Stage






_______________________________________________________________________




3899. 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 917; 12 CFR 925; 12 CFR 930; 12 CFR 931; 12 CFR 
934

Legal Deadline: None

Abstract: The Finance Board is intending to propose a rule that would 
address safety and soundness and public policy 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                            03/15/06                    71 FR 13306
NPRM Comment Period End         07/13/06

[[Page 23653]]

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






_______________________________________________________________________




3900. 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                            12/28/05                    70 FR 76938
Final Action Effective          01/00/07

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
_______________________________________________________________________




3901. 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                    04/00/06

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






_______________________________________________________________________




3902. 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
_______________________________________________________________________




3903. 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
_______________________________________________________________________




3904. COMMUNITY SUPPORT REQUIREMENTS

Priority: Other Significant

CFR Citation: 12 CFR 944

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
_______________________________________________________________________




3905. 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

[[Page 23654]]

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

RIN: 3069-AB27
[FR Doc. 06-2466 Filed 04-21-06; 8:45 am]
BILLING CODE 6725-01-S