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Enterprise Regulatory Capital Framework

Open Date:
Open for comment 5/20/2020
Deadline:
All comments are due by
Type:
Notice of Proposed Rulemaking
Number:
RIN-2590-AA95
Group:
Capital Standards; Fannie Mae; Freddie Mac; Regulation; Mortgage
Fannie Mae; Freddie Mac
Document Number:
 
CFR:
12 CFR Part 1240
CFR Description:
Capital Adequacy of Enterprises
Federal Register Publish Date:
 
Federal Register Citation:
   
View Document:
/SupervisionRegulation/Rules/RuleDocuments/2020 Enterprise Capital NPR.pdf|1.94 MB;
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Naa Awaa Tagoe, Senior Associate Director, Office of Financial Analysis, Modeling & Simulations, (202) 649-3140, NaaAwaa.Tagoe@fhfa.gov; Andrew Varrieur, Associate Director, Office of Financial Analysis, Modeling & Simulations, (202) 649-3141, Andrew.Varrieur@fhfa.gov; or Miriam Smolen, Associate General Counsel, Office of General Counsel, (202) 649-3182, Miriam.Smolen@fhfa.gov. These are not toll-free numbers. The telephone number for the Telecommunications Device for the Deaf is (800) 877-8339.

Related Documents:
/Media/PublicAffairs/PublicAffairsDocuments/Re-proposed-Rule-on-Enterprise-Capital-5202020.pdf|9.35 MB;/Media/PublicAffairs/PublicAffairsDocuments/Link-to-Capital-Rule-Webinar.pdf|70.82 KB;

There are currently no related dockets for the selected rule.

SUMMARY:  The Federal Housing Finance Agency (FHFA or the Agency) is seeking comments on a new regulatory capital framework for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac, and with Fannie Mae, each an Enterprise). The framework would consist of risk-based capital and leverage ratio requirements, with capital buffers on certain of these requirements. The risk-based capital requirements would include requirements for credit risk, market risk, and operational risk. The leverage ratio requirements would provide a credible backstop to the risk-based capital requirements. An Enterprise’s capital distributions and employment-based discretionary bonus payments would be subject to limits if the Enterprise does not maintain regulatory capital in excess of the prescribed capital buffer amounts. The proposed rule would also make conforming amendments to definitions in FHFA’s regulations for assessments and minimum capital and would also remove the Office of Federal Housing Enterprise Oversight’s (OFHEO) regulation on capital for the Enterprises.

DATES:  FHFA invites interested parties to submit comments on the proposed rule within 60 days of publication in the Federal Register.

Submit a Comment
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