Sunshine Act Meeting, 63996 [2015-27087]
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63996
Federal Register / Vol. 80, No. 204 / Thursday, October 22, 2015 / Notices
for public inspection at the EPA
Superfund Record Center, 1595
Wynkoop Denver, Colorado, by
appointment.
ACTION:
Steven Moores, Enforcement Attorney,
Legal Enforcement Program,
Environmental Protection AgencyRegion 8, Mail Code 8ENF–L, 1595
Wynkoop Street, Denver, Colorado
80202, (303) 312–6857. Comments and
requests for a copy of the proposed
agreement should be addressed to
Sharon Abendschan, Enforcement
Specialist, Environmental Protection
Agency—Region 8, Mail Code 8ENF–
RC, 1595 Wynkoop Street, Denver,
Colorado 80202 and should reference
the Rocky Flats Industrial Park
Superfund Site, Jefferson County,
Colorado.
Suzanne Bohan,
Assistant Regional Administrator, Office of
Enforcement, Compliance and Environmental
Justice, U.S. Environmental Protection
Agency, Region VIII.
[FR Doc. 2015–26938 Filed 10–21–15; 8:45 am]
BILLING CODE 6560–50–P
FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Federal Election Commission.
Tuesday, October 27,
2015, at 10:00 a.m. and Thursday,
October 29, 2015, at the conclusion of
the open meeting.
PLACE: 999 E Street NW., Washington,
DC.
STATUS: This meeting will be closed to
the public.
MATTERS TO BE DISCUSSED: Compliance
matters pursuant to 52 U.S.C. 30109.
Matters concerning participation in civil
actions or proceeding, or arbitration.
*
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CONTACT PERSON FOR MORE INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
TIME AND DATE:
Shelley E. Garr,
Deputy Secretary.
[FR Doc. 2015–27087 Filed 10–20–15; 4:15 pm]
tkelley on DSK3SPTVN1PROD with NOTICES
BILLING CODE 6715–01–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2015–N–10]
Notice of Establishment of Housing
Price Index
AGENCY:
Federal Housing Finance
Agency.
VerDate Sep<11>2014
18:05 Oct 21, 2015
Jkt 238001
On May 27, 2015, the Federal
Housing Finance Agency (FHFA)
published a Notice and Request for
Input (Notice) describing a method for
assessing the national average singlefamily house price for use in adjusting
the maximum conforming loan limits of
Fannie Mae and Freddie Mac (the
‘‘Enterprises’’). The Notice responded to
section 1322 of the Federal Housing
Enterprises Financial Safety and
Soundness Act of 1992 (12 U.S.C. 4501
et seq.) (‘‘Safety and Soundness Act’’)
which required FHFA to ‘‘establish and
maintain a method of assessing the
national average 1-family house price
for use in adjusting the conforming loan
limitations.’’ The Notice indicated that
FHFA intends to use its existing
‘‘expanded-data’’ house price index
(HPI) for such purpose and invited
public feedback.
In line with the proposal in the
original Notice, after reviewing the
public feedback, FHFA has decided to
use the expanded-data HPI for annual
loan-limit adjustment. Specifically,
FHFA will use the seasonally adjusted,
expanded-data HPI for the United
States.
DATES: Effective Date: October 22, 2015.
FOR FURTHER INFORMATION CONTACT:
Questions about the expanded-data HPI
and the implementation of the
conforming loan limit rules can be
addressed to Andrew Leventis,
Principal Economist, 202–649–3199,
Andrew.Leventis@fhfa.gov, or Jamie
Schwing, Associate General Counsel,
202–649–3085, Jamie.Schwing@
fhfa.gov, (not toll-free numbers), Federal
Housing Finance Agency, 400 Seventh
Street SW., Washington, DC 20024.
SUPPLEMENTARY INFORMATION:
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
AGENCY:
Final notice.
A. Background
The ‘‘Notice of the Establishment of
Housing Price Index’’ that FHFA issued
in May 1 announced that the agency
intended to use its expanded-data HPI
for the purpose of satisfying section
1322 (12 U.S.C. 4542) of the Safety and
Soundness Act.2 Section 1322 requires
FHFA to ‘‘establish and maintain’’ a
house price index that tracks the
average U.S. home price. May’s Notice
detailed FHFA’s rationale for the choice
of the expanded-data index over other
measures. The Notice discussed the
advantages and disadvantages of several
metrics and outlined the various
1 See
80 FR 30237 (May 27, 2015).
1124(d) of the Housing and Economic
Recovery Act of 2008 (HERA), 122 Stat. 2693,
amended the Safety and Soundness Act to include
this section.
2 Section
PO 00000
Frm 00040
Fmt 4703
Sfmt 4703
considerations FHFA found most
compelling in choosing the index.
Identifying the seasonally adjusted,
expanded-data HPI for the U.S. as the
selected index, the Notice invited public
input and provided for an input period
that extended through July 27, 2015.
This Final Notice summarizes the input
submissions received and responds to
questions and concerns that were raised
in the submissions.
B. Overview of Input Submissions
Received
FHFA received a total of 20
submissions in response to the Notice.
Submissions were received from private
citizens, trade associations, a think tank,
and one private company. Twelve of the
submissions did not address the issue
on which input had been requested: the
appropriateness of the chosen home
price measure. In most cases, these
submissions opined on the desirability
of having higher conforming loan limits,
rather than FHFA’s choice of index.
In general, the eight responsive
submissions were favorable to FHFA’s
proposed use of its expanded-data index
for loan limit adjustment. Most
submissions supported the basic
underlying methodology used in the
index construction and appreciated the
breadth of the data sample used in
forming the index. More generally,
submitters agreed that reliance on an
agency-produced measure (as opposed
to a privately produced index) would be
beneficial in that it would ensure
continued publication of the reference
index. They also concurred with
FHFA’s belief that its control over the
reference index would ensure that
undesirable modifications to
methodology would not be made (as
might happen if the agency relied on an
external measure of home prices).
Five of the eight responsive
submissions were generally supportive
of the use of the expanded-data index
as-is. The remaining three did not object
to the use of the expanded-data index,
but suggested modifications to the
process or augmentations. In particular,
the proposed adjustments recommended
the use of multiple price indexes and,
in one case, the consideration of other
mortgage market factors.
For the purpose of summarizing and
addressing the responsive submissions
received, this Final Notice divides them
into two groups: ‘‘Supportive’’ and
‘‘Other.’’ This classification is for
convenience; as will be clear in the
discussion, responses in both categories
were not uniform. For instance, in some
cases, the ‘‘Supportive’’ submissions
included questions or expressed modest
concerns. Meanwhile, the ‘‘Other’’
E:\FR\FM\22OCN1.SGM
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Agencies
[Federal Register Volume 80, Number 204 (Thursday, October 22, 2015)]
[Notices]
[Page 63996]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27087]
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FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
AGENCY: Federal Election Commission.
TIME AND DATE: Tuesday, October 27, 2015, at 10:00 a.m. and Thursday,
October 29, 2015, at the conclusion of the open meeting.
PLACE: 999 E Street NW., Washington, DC.
STATUS: This meeting will be closed to the public.
MATTERS TO BE DISCUSSED: Compliance matters pursuant to 52 U.S.C.
30109. Matters concerning participation in civil actions or proceeding,
or arbitration.
* * * * *
CONTACT PERSON FOR MORE INFORMATION: Judith Ingram, Press Officer,
Telephone: (202) 694-1220.
Shelley E. Garr,
Deputy Secretary.
[FR Doc. 2015-27087 Filed 10-20-15; 4:15 pm]
BILLING CODE 6715-01-P