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FHFA RIN: 2590-AA42 Publication ID: Spring 2011 
Title: ●Incentive-Based Compensation Arrangements 
Abstract: The Federal Housing Finance Agency (FHFA), along with the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of Thrift Supervision, the National Credit Union Association, and the Securities Exchange Commission, is issuing a regulation that will set forth requirements and processes with respect to incentive-based compensation provided to executive officers by the Federal National Mortgage Association (Fannie Mae); the Federal Home Loan Mortgage Corporation (Freddie Mac); the Federal Home Loan Banks and the Office of Finance, pursuant to the disclosure and reporting requirements of FHFA under Section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5641) and section 1311 of the Federal Housing Enterprises Financial Safety and Soundness Act (12 U.S.C. 4511). The regulation will require each regulated entity to disclose to FHFA the structures of all its incentive-based compensation arrangements; and prescribe regulatory guidelines that prohibit incentive-based arrangements that encourage inappropriate risk-taking. 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1232   
Legal Authority: 12 USC 5641   
Legal Deadline:
Action Source Description Date
Other  Statutory  Dodd-Frank, PL 111-203, 124 Stat. 1376 mandates to issue regulations by 9 months after enactment.  04/21/2011 
Timetable:
Action Date FR Cite
NPRM  04/14/2011  76 FR 21170   
NPRM Comment Period End  05/31/2011    
Final Rule  10/00/2011    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov; www.fhfa.gov   Public Comment URL: www.regulations.gov; email at RegComments@fhfa.gov  
RIN Data Printed in the FR: No 
Related Agencies: Joint: TREAS/OCC, FRS, FDIC, TREAS/OTS, NCUA, SEC; 
Agency Contact:
Alfred Pollard
General Counsel
Federal Housing Finance Agency
400 Seventh Street, SW.,
Washington, DC 20024
Phone:202 649-3050
TDD Phone:800 877-8339
Email: alfred.pollard@fhfa.gov

Patrick Lawler
Associate Director and Chief Economist
Federal Housing Finance Agency
400 Seventh Street, SW,
Washington, DC 20024
Phone:202 649-3190
TDD Phone:800 877-8339
Email: patrick.lawler@fhfa.gov