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Repeal of Federal Housing Finance Board Regulations

Open Date:
Open for comment 4/3/2018
Deadline:
All comments are due by 5/18/2018
Type:
Notice of Proposed Rulemaking
Number:
RIN-2590-AA91
Group:
Federal Home Loan Banks; Regulation
FHLBanks
Document Number:
2018-06564
CFR:
12 CFR Parts900, 906, and 956-999
CFR Description:
 
Federal Register Publish Date:
View Document:
 
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Vickie R. Olafson, Assistant General Counsel, Vickie.Olafson@FHFA.gov, (202) 649-3025 (this is not a toll-free number), Federal Housing Finance Agency, 400 Seventh Street SW, Washington, DC 20219.  If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

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​SUMMARY:  The Federal Housing Finance Agency (FHFA) is proposing to repeal two parts of the Federal Housing Finance Board (Finance Board) regulations, one of which defines terms used in Finance Board regulations and one of which describes the process by which the Finance Board conducted its monthly interest rate survey (MIRS). The definitions to be repealed are either obsolete or duplicate definitions that FHFA has previously adopted. The regulation relating to the MIRS has become outdated because it does not accurately describe the manner in which FHFA currently conducts the survey. Although FHFA intends to continue to conduct the MIRS in the same manner as it is doing presently, there is no need to carry over this provision into its own regulations. FHFA also is proposing to repeal a number of subchapters of the Finance Board regulations that it had previously reserved, but which no longer serve any purpose because they include no regulatory text.

Written comments must be received on or before May 18, 2018.

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