View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
OFHEO | RIN: 2550-AA02 | Publication ID: Fall 1998 |
Title: Risk-Based Capital | |
Abstract: Title XIII of the Housing and Community Development Act of 1992, Pub. L. No. 102-550, known as the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, 12 U.S.C. 4501 et seq., gives the Office of Federal Housing Enterprise Oversight (OFHEO) the responsibility for developing a risk-based capital regulation for the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (collectively, the Enterprises). To discharge this responsibility, OFHEO must develop and implement a risk-based capital "stress test" that determines the amount of capital that an Enterprise must hold initially to maintain positive capital throughout a 10-year period of economic stress (stress period). A notice of proposed rulemaking was published on June 11, 1996, with a 90-day comment period. The comment period was later extended to October 24, 1996. The proposed regulation includes a discussion of the basis for identifying the benchmark loss experience which will provide the basis for calculating credit losses during the stress period. The proposed regulation also discusses OFHEO's housing price index which is proposed to be used to calculate the seasoning of mortgages. A subsequent second proposed regulation will include the details of all other aspects of the risk-based capital stress test. | |
Agency: Office of Federal Housing Enterprise Oversight(OFHEO) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Long-Term Actions |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 1750 | |
Legal Authority: 12 USC 4611 12 USC 4513(b)(1) |
Legal Deadline:
|
||||||||||||||||||
Timetable:
|
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Included in the Regulatory Plan: No | |
Related RINs: Related to 2550-AA23 | |
Agency Contact: Anne E. Dewey General Counsel Office of Federal Housing Enterprise Oversight 1700 G Street NW, Washington, DC 20552 Phone:202 414-3800 |