6650 Federal Register / Vol. 86, No. 13 / Friday, January 22, 2021 / Notices 

1See 12 U.S.C. 1424(a), 1430(a). 

2See 12 U.S.C. 1422(10)(A); 12 CFR 1263.1. 

3See 12 U.S.C. 1422(10)(B); 12 CFR 1263.1 

(defining the term CFI asset cap). 

4See 85 FR 3680 (Jan. 22, 2020). 

Dated: January 15, 2021. 

On behalf of the Commission. 

Ellen L. Weintraub, 

Commissioner, Federal Election Commission. 

[FR Doc. 2021–01405 Filed 1–21–21; 8:45 am] 

BILLING CODE 6715–01–P 

FEDERAL HOUSING FINANCE 

AGENCY 

[No. 2021–N–1] 

Notice of Annual Adjustment of the 

Cap on Average Total Assets That 

Defines Community Financial 

Institutions 

AGENCY: Federal Housing Finance 

Agency. 

ACTION: Notice. 

SUMMARY: The Federal Housing Finance 

Agency (FHFA) has adjusted the cap on 

average total assets that is used in 

determining whether a Federal Home 

Loan Bank (Bank) member qualifies as 

a ‘‘community financial institution’’ 

(CFI) to $1,239,000,000, based on the 

annual percentage increase in the 

Consumer Price Index for all urban 

consumers (CPI–U), as published by the 

Department of Labor (DOL). These 

changes took effect on January 1, 2021. 

FOR FURTHER INFORMATION CONTACT: 

James Hedrick, Division of Federal 

Home Loan Bank Regulation, (202) 649– 

3319, James.Hedrick@fhfa.gov; or R. 

Winston Sale, Assistant General 

Counsel, (202) 649–3081, 

Winston.Sale@fhfa.gov, (not toll-free 

numbers), Federal Housing Finance 

Agency, Constitution Center, 400 

Seventh Street SW, Washington, DC 

20219. 

SUPPLEMENTARY INFORMATION: 

I. Statutory and Regulatory Background 

The Federal Home Loan Bank Act 

(Bank Act) confers upon insured 

depository institutions that meet the 

statutory definition of a CFI certain 

advantages over non-CFI insured 

depository institutions in qualifying for 

Bank membership, and in the purposes 

for which they may receive long-term 

advances and the collateral they may 

pledge to secure advances.1 Section 

2(10)(A) of the Bank Act and § 1263.1 of 

FHFA’s regulations define a CFI as any 

Bank member the deposits of which are 

insured by the Federal Deposit 

Insurance Corporation and that has 

average total assets below the statutory 

cap.2 The Bank Act was amended in 

2008 to set the statutory cap at $1 

billion and to require FHFA to adjust 

the cap annually to reflect the 

percentage increase in the CPI–U, as 

published by the DOL.3 For 2020, FHFA 

set the CFI asset cap at $1,224,000,000, 

which reflected a 2.1 percent increase 

over 2019, based upon the increase in 

the CPI–U between 2019 and 2020.4

II. The CFI Asset Cap for 2021 

As of January 1, 2021, FHFA has 

increased the CFI asset cap to 

$1,239,000,000, which reflects a 1.2 

percent increase in the unadjusted CPI– 

U from November 2019 to November 

2020. Consistent with the practice of 

other Federal agencies, FHFA bases the 

annual adjustment to the CFI asset cap 

on the percentage increase in the CPI– 

U from November of the year prior to 

the preceding calendar year to 

November of the preceding calendar 

year, because the November figures 

represent the most recent available data 

as of January 1st of the current calendar 

year. The new CFI asset cap was 

obtained by applying the percentage 

increase in the CPI–U to the unrounded 

amount for the preceding year and 

rounding to the nearest million, as has 

been FHFA’s practice for all previous 

adjustments. 

In calculating the CFI asset cap, FHFA 

uses CPI–U data that have not been 

seasonally adjusted (i.e., the data have 

not been adjusted to remove the 

estimated effect of price changes that 

normally occur at the same time and in 

about the same magnitude every year). 

The DOL encourages use of unadjusted 

CPI–U data in applying ‘‘escalation’’ 

provisions such as that governing the 

CFI asset cap, because the factors that 

are used to seasonally adjust the data 

are amended annually, and seasonally 

adjusted data that are published earlier 

are subject to revision for up to five 

years following their original release. 

Unadjusted data are not routinely 

subject to revision, and previously 

published unadjusted data are only 

corrected when significant calculation 

errors are discovered. 

Andre D. Galeano, 

Deputy Director, Division of Federal Home 

Loan Bank Regulation, Federal Housing 

Finance Agency. 

[FR Doc. 2021–01267 Filed 1–21–21; 8:45 am] 

BILLING CODE 8070–01–P 

FEDERAL RETIREMENT THRIFT 

INVESTMENT BOARD 

Notice of Board Meeting 

DATES: January 26, 2021 at 10:00 a.m. 

ADDRESSES: Telephonic. Dial-in (listen 

only) information: Number: 1–415–527– 

5035, Code: 199 601 5134; or via web: 

https://tspmeet.webex.com/tspmeet/

onstage/g.php?MTID=e84524dda563a

8355830b6e7b51e26b53. 

FOR FURTHER INFORMATION CONTACT: 

Kimberly Weaver, Director, Office of 

External Affairs, (202) 942–1640. 

SUPPLEMENTARY INFORMATION: 

Board Meeting Agenda 

Open Session 

1. Approval of the December 21, 2020 

Board Meeting Minutes 

2. Monthly Reports 

(a) Participant Activity Report 

(b) Legislative Report 

3. Quarterly Reports 

(c) Investment Policy 

(d) Budget Review 

(e) Audit Status 

4. Internal Audit Update 

5. Annual Expense Ratio Review 

6. Multi-asset Manager Update 

7. Recordkeeping Services 

Acquisition (RKSA) Update 

Closed Session 

8. Information covered under 5 U.S.C. 

552b (c)(9)(B). 

Authority: 5 U.S.C. 552b (e)(1). 

Dated: January 14, 2021. 

Dharmesh Vashee, 

Acting General Counsel, Federal Retirement 

Thrift Investment Board. 

[FR Doc. 2021–01321 Filed 1–21–21; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF DEFENSE 

GENERAL SERVICES 

ADMINISTRATION 

NATIONAL AERONAUTICS AND 

SPACE ADMINISTRATION 

[OMB Control No. 9000–0001; Docket No. 

2020–0053; Sequence No. 14] 

Submission for OMB Review; Standard 

Form 28, Affidavit of Individual Surety 

AGENCY: Department of Defense (DOD), 

General Services Administration (GSA), 

and National Aeronautics and Space 

Administration (NASA). 

ACTION: Notice. 

SUMMARY: Under the provisions of the 

Paperwork Reduction Act, the 


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