[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] ----------------------------------------------------------------------- Part LII Federal Housing Finance Board ----------------------------------------------------------------------- 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 ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 3899 Minimum Retained Earnings Requirement and Limitations on Excess Stock................. 3069-AB30 ---------------------------------------------------------------------------------------------------------------- Federal Housing Finance Board--Final Rule Stage ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 3900 Affordable Housing Program............................................................ 3069-AB26 3901 Data Reporting Requirements for the Federal Home Loan Banks........................... 3069-AB28 ---------------------------------------------------------------------------------------------------------------- Federal Housing Finance Board--Long-Term Actions ---------------------------------------------------------------------------------------------------------------- Regulation Sequence Title Identifier Number Number ---------------------------------------------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------------------------------------------- _______________________________________________________________________ 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