[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 31376]]



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, 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; Email: gottliebm@fhfb.gov.

Dated: March 31, 2003.

By the Federal Housing Finance Board.

 Arnold Intrater,

General Counsel.

                               Federal Housing Finance Board--Proposed Rule Stage
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                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4028        Acquired Member Assets..............................................................     3069-AB18
4029        Federal Home Loan Bank Appointed Directors..........................................     3069-AB24
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                                Federal Housing Finance Board--Long-Term Actions
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                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
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4030        Amendments to Privacy Act Regulation................................................     3069-AB07
4031        Modernized Federal Home Loan Bank Membership........................................     3069-AB09
4032        Board Governance....................................................................     3069-AB19
4033        New Business Activities.............................................................     3069-AB20
4034        Community Support Requirements......................................................     3069-AB21
4035        Public Disclosure...................................................................     3069-AB22
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                                Federal Housing Finance Board--Completed Actions
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                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4036        Procedure for Conducting Monthly Survey of Rates and Terms on Conventional One-          3069-AB23
            Family Non-Farm Mortgage Loans......................................................
----------------------------------------------------------------------------------------------------------------

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Federal Housing Finance Board (FHFB)                Proposed Rule Stage






_______________________________________________________________________




4028. ACQUIRED MEMBER ASSETS

Priority: Other Significant

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

CFR Citation: 12 CFR 955

Legal Deadline: None

Abstract: The Finance Board is considering a rulemaking to review the 
structure of authorized acquired member asset products to determine if 
Banks have sufficient flexibility in creating new products that will be 
responsive to member needs.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            05/00/03

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

[[Page 31377]]

Agency Contact: Thomas E. Joseph, Attorney-Advisor, Federal Housing 
Finance Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2512
Email: josepht@fhfb.gov

Christina Muradian, Financial Analyst, Federal Housing Finance Board
Phone: 202 408-2584
Email: muradianc@fhfb.gov

RIN: 3069-AB18
_______________________________________________________________________




4029. [bull] 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

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Additional Information: Inadvertently published in the Federal Register 
on March 19, 2003, as RIN 3069-AB25.

Agency Contact: Patrick L. Sweeney, Program Analyst, Federal Housing 
Finance Board
Phone: 202 408-2872
Email: sweeneyp@fhfb.gov

RIN: 3069-AB24
_______________________________________________________________________


Federal Housing Finance Board (FHFB)                  Long-Term Actions






_______________________________________________________________________




4030. AMENDMENTS TO PRIVACY ACT REGULATION

Priority: Info./Admin./Other

CFR Citation: 12 CFR 913

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: Janice A. Kaye
Phone: 202 408-2505
Email: kayej@fhfb.gov

RIN: 3069-AB07
_______________________________________________________________________




4031. 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: crowleyn@fhfb.gov

Daniel Coates
Phone: 202 408-2959
Email: coatesd@fhfb.gov

RIN: 3069-AB09
_______________________________________________________________________




4032. 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: intratera@fhfb.gov

RIN: 3069-AB19
_______________________________________________________________________




4033. 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: crowleyn@fhfb.gov

RIN: 3069-AB20
_______________________________________________________________________




4034. 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
Email: kayej@fhfb.gov

RIN: 3069-AB21
_______________________________________________________________________




4035. PUBLIC DISCLOSURE

Priority: Other Significant

CFR Citation: Not Yet Determined

Timetable: Next Action Undetermined

Regulatory Flexibility Analysis Required: No

Government Levels Affected: None

Agency Contact: John P. Foley
Phone: 202 408-2932
Email: foleyj@fhfb.gov

Joseph A. McKenzie
Phone: 202 408-2845
Email: mckenziej@fhfb.gov

RIN: 3069-AB22

[[Page 31378]]

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Federal Housing Finance Board (FHFB)                  Completed Actions






_______________________________________________________________________




4036. [bull] PROCEDURE FOR CONDUCTING MONTHLY SURVEY OF RATES AND TERMS 
ON CONVENTIONAL ONE-FAMILY NON-FARM MORTGAGE LOANS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1422a; 12 USC 1422b; 12 USC 1437

CFR Citation: 12 CFR 906

Legal Deadline: None

Abstract: The Finance Board issued a final rule making technical 
amendments to its regulation setting forth the practices and procedures 
for conducting the Monthly Survey of Rates and Terms on Conventional 
One-Family, Non-Farm Mortgage Loans (MIRS). The amendments conform the 
text of the rule to the revised practices and procedures for MIRS 
sampling and weighting methodology.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Final Rule                      12/27/02                    67 FR 78959

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
Email: reidc@fhfb.gov

Joseph A. McKenzie, Deputy Chief Economist, Federal Housing Finance 
Board, 1777 F Street NW., Washington, DC 20006
Phone: 202 408-2845
Email: mckenziej@fhfb.gov

RIN: 3069-AB23
[FR Doc. 03-9003 Filed 05-23-03; 8:45 am]
BILLING CODE 6725-01-S