83 FR 38085 - Enterprise Capital Requirements

FEDERAL HOUSING FINANCE AGENCY
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of Federal Housing Enterprise Oversight

Federal Register Volume 83, Issue 150 (August 3, 2018)

Page Range		38085-38086
FR Document		2018-16654

On July 17, 2018, the Federal Housing Finance Agency (FHFA) published in the Federal Register a notice of proposed rulemaking for public comment that proposes a new regulatory capital framework for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The comment period was set to expire on September 17, 2018. This notice extends the comment period by an additional 60 days to allow the public additional time to comment on the proposed rule.

Federal Register, Volume 83 Issue 150 (Friday, August 3, 2018)

[Federal Register Volume 83, Number 150 (Friday, August 3, 2018)]
[Proposed Rules]
[Pages 38085-38086]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16654]


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FEDERAL HOUSING FINANCE AGENCY

12 CFR Parts 1206 and 1240

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of Federal Housing Enterprise Oversight

12 CFR Part 1750

RIN 2590-AA95


Enterprise Capital Requirements

AGENCY: Federal Housing Finance Agency; Office of Federal Housing 
Enterprise Oversight; Department of Housing and Urban Development.

ACTION: Notice of proposed rulemaking; extension of comment period.

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SUMMARY: On July 17, 2018, the Federal Housing Finance Agency (FHFA) 
published in the Federal Register a notice of proposed rulemaking for 
public comment that proposes a new regulatory capital framework for the 
Federal National Mortgage Association (Fannie Mae) and the Federal Home 
Loan Mortgage Corporation (Freddie Mac). The comment period was set to 
expire on September 17, 2018. This notice extends the comment period by 
an additional 60 days to allow the public additional time to comment on 
the proposed rule.

DATES: The comment period for the proposed rule published at 83 FR 
33312 (July 17, 2018) is extended. Written comments must be received on 
or before November 16, 2018.

ADDRESSES: You may submit your comments on the proposed rule, 
identified by regulatory information

[[Page 38086]]

number (RIN) 2590-AA95, by any one of the following methods:
     Agency website: www.fhfa.gov/open-for-comment-or-input.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments. If you submit your 
comment to the Federal eRulemaking Portal, please also send it by email 
to FHFA at [email protected] to ensure timely receipt by FHFA. 
Include the following information in the subject line of your 
submission: Comments/RIN 2590-AA95.
     Hand Delivered/Courier: The hand delivery address is: 
Alfred M. Pollard, General Counsel, Attention: Comments/RIN 2590-AA95, 
Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW, 
Washington, DC 20219. Deliver the package at the Seventh Street 
entrance Guard Desk, First Floor, on business days between 9 a.m. and 5 
p.m.
     U.S. Mail, United Parcel Service, Federal Express, or 
Other Mail Service: The mailing address for comments is: Alfred M. 
Pollard, General Counsel, Attention: Comments/RIN 2590-AA95, Federal 
Housing Finance Agency, Eighth Floor, 400 Seventh Street SW, 
Washington, DC 20219. Please note that all mail sent to FHFA via U.S. 
Mail is routed through a national irradiation facility, a process that 
may delay delivery by approximately two weeks. For any time-sensitive 
correspondence, please plan accordingly.

FOR FURTHER INFORMATION CONTACT: Naa Awaa Tagoe, Senior Associate 
Director, Office of Financial Analysis, Modeling & Simulations, (202) 
649-3140, [email protected]; Andrew Varrieur, Associate Director, 
Office of Financial Analysis, Modeling & Simulations, (202) 649-3141, 
[email protected]; or Miriam Smolen, Associate General Counsel, 
Office of General Counsel, (202) 649-3182, [email protected]. 
These are not toll-free numbers. The mailing address is: 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.

SUPPLEMENTARY INFORMATION:

Comments

    FHFA invites comments on all aspects of the proposed rule and will 
take all comments into consideration before issuing a final rule. 
Copies of all comments will be posted without change, and will include 
any personal information you provide such as your name, address, email 
address, and telephone number, on the FHFA website at http://www.fhfa.gov. In addition, copies of all comments received will be 
available for examination by the public through the electronic 
rulemaking docket for this proposed rule also located on the FHFA 
website.

Background

    On July 17, 2018, FHFA published in the Federal Register a proposed 
rule proposing a new regulatory capital framework for Fannie Mae and 
Freddie Mac which includes a new framework for risk-based capital 
requirements and two alternatives for an updated minimum leverage 
capital requirement. See 83 FR 33312. The comment period for the 
proposed rule was originally set to expire on September 17, 2018. FHFA 
is extending the comment period an additional 60 days, changing the 
deadline for submitting comments to November 16, 2018.

    Dated: July 30, 2018.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2018-16654 Filed 8-2-18; 8:45 am]
 BILLING CODE 8070-01-P

Federal Register / Vol. 83, No. 150 / Friday, August 3, 2018 / Proposed Rules 38085

document will also provide penalty corrected. The penalty shall not exceed to the amount on the quarterly certified
amounts that generally may be assessed the lesser of 1 percent of the statement invoice are available in the
for institutions with less than institution’s total assets per day or the designated account for direct debit by
$25,000,000 in assets. amount calculated and published the Corporation. Failure to take any
(iii) Lengthy or repeated violations. annually in the Federal Register under such action or to provide such funding
The amounts set forth in this paragraph paragraph (d)(2) of this section. of the account shall be deemed to
(e)(1) will be assessed on a case-by-case (4) Mitigating factors. The amounts set constitute nonpayment of the
basis where the amount of time of the forth in paragraphs (e)(1) through (3) of assessment. Penalties for failure to
institution’s delinquency is lengthy or this section may be reduced based upon timely pay assessments will be
the institution has been delinquent the factors set forth in paragraph (b) of calculated and published in accordance
repeatedly in making or publishing its this section. with 12 CFR 308.132(d).
Call Reports. ■ 4. Amend § 308.502 by revising
* * * * *
(iv) Waiver. Absent extraordinary paragraphs (a)(6) and (b)(4) to read as
circumstances outside the control of the follows: Dated at Washington, DC, on July 19, 2018.
institution, penalties assessed for late By order of the Board of Directors.
filing shall not be waived. § 308.502 Basis for civil penalties and Federal Deposit Insurance Corporation.
(2) Late-filing—Tier Two penalties. assessments.
Valerie Best,
Where an institution fails to make or (a) * * * Assistant Executive Secretary.
publish its Call Report within the (6) The amount of any penalty
[FR Doc. 2018–16548 Filed 8–2–18; 8:45 am]
appropriate time period, the Board of assessed under paragraph (a)(1) of this
section will be adjusted for inflation in BILLING CODE 6714–01–P
Directors or its designee may assess a
Tier Two civil money penalty for each accordance with section 308.132(d) of
day the failure continues. The amount this part.
FEDERAL HOUSING FINANCE
of such a penalty will not exceed the * * * * * AGENCY
maximum amount calculated and (b) * * *
published annually in the Federal (4) The amount of any penalty 12 CFR Parts 1206 and 1240
Register under paragraph (d)(2) of this assessed under paragraph (a)(1) of this
section. section will be adjusted for inflation in DEPARTMENT OF HOUSING AND
(3) False or misleading reports or accordance with section 308.132(d) of URBAN DEVELOPMENT
information—(i) Tier One penalties. In this part.
cases in which an institution submits or * * * * * Office of Federal Housing Enterprise
publishes any false or misleading Call ■ 5. Amend § 308.530 by revising Oversight
Report or information, the Board of paragraph (d) to read as follows:
Directors or its designee may assess a 12 CFR Part 1750
Tier One civil money penalty for each § 308.530 Determining the amount of
day the information is not corrected, penalties and assessments. RIN 2590–AA95
where the institution maintains * * * * *
procedures in place reasonably adapted (d) Civil money penalties that are Enterprise Capital Requirements
to avoid inadvertent error and the assessed under this subpart are subject
AGENCY: Federal Housing Finance
violation occurred unintentionally and to annual adjustments to account for
Agency; Office of Federal Housing
as a result of such error, or where the inflation as required by the Federal Civil
Enterprise Oversight; Department of
institution inadvertently transmits a Penalties Inflation Adjustment Act
Housing and Urban Development.
Call Report or information that is false Improvements Act of 2015 (Pub. L. 114–
or misleading. The amount of such a 74, sec. 701, 129 Stat. 584) (see also 12 ACTION: Notice of proposed rulemaking;
penalty will not exceed the maximum CFR 308.132(d)). extension of comment period.
amount calculated and published SUMMARY: On July 17, 2018, the Federal
annually in the Federal Register under PART 327—ASSESSMENTS
Housing Finance Agency (FHFA)
paragraph (d)(2) of this section. ■ 6. The authority citation for part 327 published in the Federal Register a
(ii) Tier Two penalties. Where an
continues to read as follows: notice of proposed rulemaking for
institution submits or publishes any
public comment that proposes a new
false or misleading Call Report or other Authority: 12 U.S.C. 1441, 1813, 1815,
1817–19, 1821. regulatory capital framework for the
information, the Board of Directors or its
Federal National Mortgage Association
designee may assess a Tier Two civil * * * * *
(Fannie Mae) and the Federal Home
money penalty for each day the ■ 7. Amend § 327.3 by revising
Loan Mortgage Corporation (Freddie
information is not corrected. The paragraph (c) to read as follows:
Mac). The comment period was set to
amount of such a penalty will not
§ 327.3 Payment of assessments. expire on September 17, 2018. This
exceed the maximum amount calculated
notice extends the comment period by
and published annually in the Federal * * * * *
(c) Necessary action, sufficient an additional 60 days to allow the
Register under paragraph (d)(2) of this
funding by institution. Each insured public additional time to comment on
section.
(iii) Tier Three penalties. Where an depository institution shall take all the proposed rule.
amozie on DSK3GDR082PROD with PROPOSALS1

institution knowingly or with reckless actions necessary to allow the DATES: The comment period for the
disregard for the accuracy of any Call Corporation to debit assessments from proposed rule published at 83 FR 33312
Report or information submits or the insured depository institution’s (July 17, 2018) is extended. Written
publishes any false or misleading Call designated deposit account. Each comments must be received on or before
Report or other information, the Board insured depository institution shall, November 16, 2018.
of Directors or its designee may assess prior to each payment date indicated in ADDRESSES: You may submit your
a Tier Three civil money penalty for paragraph (b)(2) of this section, ensure comments on the proposed rule,
each day the information is not that funds in an amount at least equal identified by regulatory information

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38086 Federal Register / Vol. 83, No. 150 / Friday, August 3, 2018 / Proposed Rules

number (RIN) 2590–AA95, by any one name, address, email address, and 11.43 and 11.45, by any of the following
of the following methods: telephone number, on the FHFA website methods:
• Agency website: www.fhfa.gov/ at http://www.fhfa.gov. In addition, • Federal eRulemaking Portal: Go to
open-for-comment-or-input. copies of all comments received will be http://www.regulations.gov. Follow the
• Federal eRulemaking Portal: http:// available for examination by the public instructions for submitting comments.
www.regulations.gov. Follow the through the electronic rulemaking • Fax: 202–493–2251.
instructions for submitting comments. If docket for this proposed rule also • Mail: U.S. Department of
you submit your comment to the located on the FHFA website. Transportation, Docket Operations, M–
Federal eRulemaking Portal, please also Background 30, West Building Ground Floor, Room
send it by email to FHFA at W12–140, 1200 New Jersey Avenue SE,
RegComments@fhfa.gov to ensure On July 17, 2018, FHFA published in Washington, DC 20590.
timely receipt by FHFA. Include the the Federal Register a proposed rule • Hand Delivery: Deliver to Mail
following information in the subject line proposing a new regulatory capital address above between 9 a.m. and 5
of your submission: Comments/RIN framework for Fannie Mae and Freddie p.m., Monday through Friday, except
2590–AA95. Mac which includes a new framework Federal holidays.
• Hand Delivered/Courier: The hand for risk-based capital requirements and For service information identified in
delivery address is: Alfred M. Pollard, two alternatives for an updated this NPRM, contact General Electric
General Counsel, Attention: Comments/ minimum leverage capital requirement. Company, GE Aviation, Room 285, 1
RIN 2590–AA95, Federal Housing See 83 FR 33312. The comment period Neumann Way, Cincinnati, OH 45215;
Finance Agency, Eighth Floor, 400 for the proposed rule was originally set phone: 513–552–3272; email: geae.aoc@
Seventh Street SW, Washington, DC to expire on September 17, 2018. FHFA ge.com. You may view this service
20219. Deliver the package at the is extending the comment period an information at the FAA, Engine and
Seventh Street entrance Guard Desk, additional 60 days, changing the Propeller Standards Branch, 1200
First Floor, on business days between 9 deadline for submitting comments to District Avenue, Burlington, MA 01803.
a.m. and 5 p.m. November 16, 2018. For information on the availability of
• U.S. Mail, United Parcel Service, Dated: July 30, 2018. this material at the FAA, call 781–238–
Federal Express, or Other Mail Service: Melvin L. Watt, 7759.
The mailing address for comments is: Director, Federal Housing Finance Agency.
Alfred M. Pollard, General Counsel, Examining the AD Docket
[FR Doc. 2018–16654 Filed 8–2–18; 8:45 am]
Attention: Comments/RIN 2590–AA95, BILLING CODE 8070–01–P
You may examine the AD docket on
Federal Housing Finance Agency, the internet at http://
Eighth Floor, 400 Seventh Street SW, www.regulations.gov by searching for
Washington, DC 20219. Please note that DEPARTMENT OF TRANSPORTATION and locating Docket No. FAA–2018–
all mail sent to FHFA via U.S. Mail is 0633; or in person at Docket Operations
routed through a national irradiation Federal Aviation Administration between 9 a.m. and 5 p.m., Monday
facility, a process that may delay through Friday, except Federal holidays.
delivery by approximately two weeks. 14 CFR Part 39 The AD docket contains this NPRM, the
For any time-sensitive correspondence, regulatory evaluation, any comments
[Docket No. FAA–2018–0633; Product
please plan accordingly. received, and other information. The
Identifier 2018–NE–22–AD]
FOR FURTHER INFORMATION CONTACT: Naa street address for Docket Operations
Awaa Tagoe, Senior Associate Director, RIN 2120–AA64 (phone: 800–647–5527) is listed above.
Office of Financial Analysis, Modeling Comments will be available in the AD
Airworthiness Directives; General docket shortly after receipt.
& Simulations, (202) 649–3140,
Electric Company Turbofan Engines
NaaAwaa.Tagoe@fhfa.gov; Andrew FOR FURTHER INFORMATION CONTACT:
Varrieur, Associate Director, Office of AGENCY: Federal Aviation Herman Mak, Aerospace Engineer, ECO
Financial Analysis, Modeling & Administration (FAA), DOT. Branch, FAA, 1200 District Ave.,
Simulations, (202) 649–3141, ACTION: Notice of proposed rulemaking Burlington, MA 01803; phone: 781–
Andrew.Varrieur@fhfa.gov; or Miriam (NPRM). 238–7147; fax: 781–238–7199; email:
Smolen, Associate General Counsel, herman.mak@faa.gov.
Office of General Counsel, (202) 649– SUMMARY: We propose to adopt a new
SUPPLEMENTARY INFORMATION:
3182, Miriam.Smolen@fhfa.gov. These airworthiness directive (AD) for certain
are not toll-free numbers. The mailing General Electric Company (GE) GEnx– Comments Invited
address is: Federal Housing Finance 2B67, –2B67B, and –2B67/P turbofan We invite you to send any written
Agency, 400 Seventh Street SW, engines. This proposed AD was relevant data, views, or arguments about
Washington, DC 20219. The telephone prompted by low-cycle fatigue (LCF) this proposal. Send your comments to
number for the Telecommunications cracking of the fuel manifold leading to an address listed under the ADDRESSES
Device for the Hearing Impaired is (800) an engine fire. This proposed AD would section. Include ‘‘Docket No. FAA–
877–8339. require removal from service of certain 2018–0633; Product Identifier 2018–
fuel manifolds at the next engine shop NE–22–AD’’ at the beginning of your
SUPPLEMENTARY INFORMATION:
visit and their replacement with parts comments. We specifically invite
amozie on DSK3GDR082PROD with PROPOSALS1

Comments eligible for installation. We are comments on the overall regulatory,
FHFA invites comments on all aspects proposing this AD to address the unsafe economic, environmental, and energy
of the proposed rule and will take all condition on these products. aspects of this NPRM. We will consider
comments into consideration before DATES: We must receive comments on all comments received by the closing
issuing a final rule. Copies of all this proposed AD by September 17, date and may amend this NPRM
comments will be posted without 2018. because of those comments.
change, and will include any personal ADDRESSES: You may send comments, We will post all comments we
information you provide such as your using the procedures found in 14 CFR receive, without change, to http://

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Document Created: 2018-11-06 10:34:33
Document Modified: 2018-11-06 10:34:33

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Proposed Rules
Action		Notice of proposed rulemaking; extension of comment period.
Dates		The comment period for the proposed rule published at 83 FR 33312 (July 17, 2018) is extended. Written comments must be received on or before November 16, 2018.
Contact		Naa Awaa Tagoe, Senior Associate Director, Office of Financial Analysis, Modeling & Simulations, (202) 649-3140, [email protected]; Andrew Varrieur, Associate Director, Office of Financial Analysis, Modeling & Simulations, (202) 649-3141, [email protected]; or Miriam Smolen, Associate General Counsel, Office of General Counsel, (202) 649-3182, [email protected]
FR Citation		83 FR 38085
RIN Number		2590-AA95
CFR Citation		12 CFR 1206 12 CFR 1240 12 CFR 1750

83 FR 38085 - Enterprise Capital Requirements

FEDERAL HOUSING FINANCE AGENCYDEPARTMENT OF HOUSING AND URBAN DEVELOPMENTOffice of Federal Housing Enterprise Oversight

Federal Register Volume 83, Issue 150 (August 3, 2018)

FEDERAL HOUSING FINANCE AGENCY
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
Office of Federal Housing Enterprise Oversight