Risk-Based Capital

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Office of Federal Housing Enterprise Oversight

12 CFR Part 1270

RIN 2550-AA02

Risk-Based Capital

AGENCY: Office of Federal Housing Enterprise Oversight, HUD.

ACTION: Extension of public comment period for first notice of proposed

rulemaking.

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SUMMARY: On June 11, 1996 (61 FR 29592), the Office of Federal Housing

Enterprise Oversight (OFHEO) published a notice of proposed rulemaking

(NPR) entitled ``Risk-Based Capital,'' which proposes the methodology

for identifying the benchmark loss experience. This NPR is a

significant step in the process of developing a regulation to establish

risk-based capital standards for the Federal National Mortgage

Association and the Federal Home Loan Mortgage Corporation. OFHEO has

been requested to extend the comment period. To ensure that the public

has ample opportunity to participate in the rulemaking process by

commenting on the issues involved in the NPR, today's notice extends

the public comment period from September 9, 1996, through October 24,

1996.

DATES: The comment period is extended until October 24, 1996.

ADDRESSES: Send written comments to Anne E. Dewey, General Counsel,

Office of General Counsel, Office of Federal Housing Enterprise

Oversight, 1700 G Street, N.W., Fourth Floor, Washington, D.C. 20552.

FOR FURTHER INFORMATION CONTACT: David J. Pearl, Director, Office of

Research, Analysis and Capital Standards; or Gary L. Norton, Deputy

General Counsel, Office of General Counsel, Office of Federal Housing

[[Page 42825]]

Enterprise Oversight, 1700 G Street, N.W., Fourth Floor, Washington,

D.C. 20552, telephone (202) 414-3800 (not a toll-free number).

Mark A. Kinsey,

Acting Director, Office of Federal Housing Enterprise Oversight.

[FR Doc. 96-21016 Filed 8-16-96; 8:45 am]

BILLING CODE 4220-01-P