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2018-09-26
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Miscellaneous Federal Home Loan Bank Operations and Authorities-Financing Corporation Assessments
Proposed Rules
D09002ee1bdb86a51
D09002ee1bdb86ac5
United States
Federal Housing Finance Agency
originator
org
United States Government Agency or Subagency
The Federal Housing Finance Agency (FHFA) is proposing to amend its regulations pertaining to the operation of the Financing Corporation (FICO), a vehicle established by one of FHFA's predecessors to issue bonds, the proceeds of which were used to help fund the resolution of failed savings and loan associations during the 1980s. The last of those FICO bonds will mature in September 2019. By statute, FICO obtains the monies to pay the interest on those bonds by assessing depository institutions (FICO assessments) that are insured by the Federal Deposit Insurance Corporation (FDIC). The proposed rule addresses the manner in which FICO would conduct the 2019 FICO assessments, which are expected to be the last of those assessments. Specifically, the proposed rule would provide that all payments made by FDIC-insured depository institutions during 2019 will be final, and that no adjustments to prior FICO assessments would be permitted after March 26, 2019, the projected date as of which the FDIC will finalize the amounts of the final collection for the 2019 FICO assessments.
83 FR 48569
https://www.govinfo.gov/app/details/FR-2018-09-26/2018-20975
2018-20975
fr26se18-25
RIN 2590-AA99
8070-01-P
https://www.govinfo.gov/app/details/FR-2018-09-26/2018-20975
https://www.govinfo.gov/content/pkg/FR-2018-09-26/html/2018-20975.htm
https://www.govinfo.gov/content/pkg/FR-2018-09-26/pdf/2018-20975.pdf
Accounting
Community Development
Credit
Federal Home Loan Banks
Government Securities
Housing
Miscellaneous Federal Home Loan Bank Operations and Authorities
Reporting and Recordkeeping Requirements
6 p.
48569
48574
83 FR 48569
Code of Federal Regulations
Title 12 Part 1271
12 CFR Part 1271
Regulation Identification Number 2590-AA99
RIN 2590-AA99
Miscellaneous Federal Home Loan Bank Operations and Authorities-Financing Corporation Assessments; Federal Register Vol. 83, Issue
PRORULE
2018-20975
FEDERAL HOUSING FINANCE AGENCY
2018-10-26
8070-01-P
2018-20975
Notice of proposed rulemaking.
The Federal Housing Finance Agency (FHFA) is proposing to amend its regulations pertaining to the operation of the Financing Corporation (FICO), a vehicle established by one of FHFA's predecessors to issue bonds, the proceeds of which were used to help fund the resolution of failed savings and loan associations during the 1980s. The last of those FICO bonds will mature in September 2019. By statute, FICO obtains the monies to pay the interest on those bonds by assessing depository institutions (FICO assessments) that are insured by the Federal Deposit Insurance Corporation (FDIC). The proposed rule addresses the manner in which FICO would conduct the 2019 FICO assessments, which are expected to be the last of those assessments. Specifically, the proposed rule would provide that all payments made by FDIC-insured depository institutions during 2019 will be final, and that no adjustments to prior FICO assessments would be permitted after March 26, 2019, the projected date as of which the FDIC will finalize the amounts of the final collection for the 2019 FICO assessments.
FHFA must receive written comments on or before October 26, 2018.
Louis M. Scalza, Associate Director, Examinations, Office of Safety & Soundness Examinations, Louis.Scalza@fhfa.gov, (202) 649-3710; Winston Sale, Assistant General Counsel, Winston.Sale@fhfa.gov, (202) 649-3081; or Neil R. Crowley, Deputy General Counsel, Neil.Crowley@fhfa.gov, (202) 649-3055 (these are not toll-free numbers), Federal Housing Finance Agency, 400 Seventh Street SW, Washington, DC 20219. The telephone number for the Telecommunications Device for the Hearing Impaired is (800) 877-8339.
Accounting
Community Development
Credit
Federal Home Loan Banks
Government Securities
Housing
Miscellaneous Federal Home Loan Bank Operations and Authorities
Reporting and Recordkeeping Requirements
Miscellaneous Federal Home Loan Bank Operations and AuthoritiesFinancing Corporation Assessments
,
Louis.Scalza@fhfa.gov
Neil.Crowley@fhfa.gov
RegComments@FHFA.gov
Winston.Sale@fhfa.gov
http://www.fhfa.gov
http://www.regulations.gov
www.fhfa.gov/open-for-comment-or-input
Federal Register
Vol. 83, no. 187
Office of the Federal Register, National Archives and Records Administration
2018-09-26
continuing
daily
deposited
born digital
192 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2018-09-26
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0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr26se18
https://www.govinfo.gov/app/details/FR-2018-09-26
https://www.govinfo.gov/content/pkg/FR-2018-09-26/pdf/FR-2018-09-26.pdf
https://www.govinfo.gov/content/pkg/FR-2018-09-26/xml/FR-2018-09-26.xml
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