Document Headings

                    Document headings vary by document type but may contain                    the following:                  
                -                       the agency or agencies that issued and signed a document                    
                -                       the number of the CFR title and the number of each part                      the document amends, proposes to amend, or is directly                      related to                    
                -                       the agency docket number / agency internal file number                    
                -                       the RIN which identifies each regulatory action listed in                      the Unified Agenda of Federal Regulatory and Deregulatory                      Actions                    

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###### Federal Housing Finance Board

          - 12 CFR Part 997 
          - [No. 2000-15] 
          - RIN 3069-AA92 

# AGENCY:

Federal Housing Finance Board. 

# ACTION:

Final rule; correction. 

# SUMMARY:

                        The Federal Housing Finance Board (Finance Board) published in the                         **Federal Register**                         of April 3, 2000, a final rule implementing provisions of the Gramm-Leach-Bliley Act (Gramm-Leach-Bliley) that changed the methodology for determining the amount of the payments to be made by the Federal Home Loan Banks (Banks) to the Resolution Funding Corporation (REFCORP). The final rule omitted a reference to the value of an annuity, as referenced in Gramm-Leach-Bliley, in one section of the rule. This document corrects that omission.                     

# EFFECTIVE DATES:

Effective on June 30, 2000. 

# FOR FURTHER INFORMATION CONTACT:

                        Thomas E. Joseph, Attorney-Advisor, (202) 408-2512,                         *josepht@fhfb.gov,*                         or by regular mail at the Federal Housing Finance Board, 1777 F Street, N.W., Washington, D.C. 20006. A telecommunication device for deaf persons (TDD) is available at (202) 408-2579.                     

# SUPPLEMENTARY INFORMATION:

## Need for Correction 

                    In FR Doc. 00-8116, published in the                     **Federal Register**                     on April 3, 2000 (65 FR 17435), the Finance Board added new                           ( print page 40492)                        part 997 to its regulations to implement provisions of Gramm-Leach-Bliley, Pub. L. No. 106-102, 113 Stat. 1338, 1455-56 (Nov. 12, 1999) related to adjustments in the end-date for the statutorily required annual payments made by the Banks to REFCORP. In § 997.5 of this new part, the annual value of the annuity referenced in section 607 of Gramm-Leach-Bliley was inadvertently omitted. To avoid any confusion as to the meaning of the rule, this correction adds the relevant value to the final rule.                 

## Correction of Publication 

                        For the reasons set forth above, the Finance Board hereby corrects FR Doc. 00-8116, published in the                         **Federal Register**                         on April 3, 2000 (65 FR 17435) as follows.                     

§ 997.5 

1. On page 17438, in the third column, add to § 997.5, paragraph (a), line 8, the phrase “of $300 million per year” after the word “annuity.” 

Dated: June 22, 2000. 

By the Board of Directors of the Federal Housing Finance Board.

Bruce A. Morrison, 

Chairman. 

[FR Doc. 00-16543 Filed 6-29-00; 8:45 am] 

BILLING CODE 6725-01-P