This section of the FEDERAL REGISTER

contains regulatory documents having general

applicability and legal effect, most of which

are keyed to and codified in the Code of

Federal Regulations, which is published under

50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by

the Superintendent of Documents.

Rules and Regulations Federal Register

39323 

Vol. 83, No. 154 

Thursday, August 9, 2018 

1HERA, Public Law 110–289, 122 Stat. 2654. 

2See id. at section 1101, 122 Stat. 2661–62 

(codified at 12 U.S.C. 4511, 4511 note, and 4513). 

3 12 U.S.C. 4513(a). 

4 12 U.S.C. 4511 note. 

5Repeal of Federal Housing Finance Board 

Regulations, 83 FR 14205 (Apr. 3, 2018). 

6See Relocation of Regulations, 78 FR 2319 (Jan. 

11, 2013). 

7See Federal Home Loan Bank Capital 

Requirements, 82 FR 30776 (proposed July 3, 2017). 

As noted in the proposed rule, certain of those 

defined terms, such as ‘‘capital plan,’’ ‘‘excess 

stock,’’ and ‘‘advance,’’ are used within the Finance 

Board capital regulations at parts 930 and 932, 

which likely will remain in effect during an 

extended transition period to the new FHFA Bank 

capital regulations. 83 FR 14205, 14206. Each of 

those terms is well understood by the Banks and 

has been carried over into the FHFA definitions at 

part 1201 without substantive change, and to the 

extent any interpretive questions may arise with 

respect to parts 930 and 932 after the definitions in 

part 900 are repealed, the Banks may look to the 

identical definitions in part 1201 of the FHFA 

regulations to address those questions. Id. 

FEDERAL HOUSING FINANCE BOARD 

12 CFR Parts 900, 906, and 956 

Through 999 

FEDERAL HOUSING FINANCE 

AGENCY 

12 CFR Parts 1200, 1206, 1223, and 

1261 

RIN 2590–AA91 

Repeal of Federal Housing Finance 

Board Regulations; Technical 

Amendments to FHFA Regulations 

AGENCY: Federal Housing Finance 

Agency; Federal Housing Finance 

Board. 

ACTION: Final rule. 

SUMMARY: The Federal Housing Finance 

Agency (FHFA) is repealing two parts of 

the Federal Housing Finance Board 

(Finance Board) regulations, which 

define terms used in Finance Board 

regulations, and which describe the 

process by which the Finance Board 

conducted its monthly interest rate 

survey (MIRS). The repealed definitions 

are either obsolete or duplicate 

definitions that FHFA has previously 

adopted. The regulation relating to the 

MIRS has become outdated because it 

does not accurately describe the manner 

in which FHFA currently conducts the 

survey. Although FHFA intends to 

continue to conduct the MIRS in the 

same manner as it is doing presently, 

there is no need to carry over this 

provision into its own regulations. This 

final rule also repeals a number of 

subchapters of the Finance Board 

regulations that it had previously 

reserved, but which no longer serve any 

purpose because they include no 

regulatory text, corrects inaccurate 

cross-references in regulations described 

in this rulemaking, and amends a table 

to update information relating to 

information collections under the 

Paperwork Reduction Act. 

DATES: This rule is effective on 

September 10, 2018. 

FOR FURTHER INFORMATION CONTACT: 

Vickie R. Olafson, Assistant General 

Counsel, Vickie.Olafson@FHFA.gov, 

(202) 649–3025 (this is not a toll-free 

number), Federal Housing Finance 

Agency, 400 Seventh Street SW, 

Washington, DC 20219. The telephone 

number for the Telecommunications 

Device for the Deaf is (800) 877–8339. 

SUPPLEMENTARY INFORMATION: 

I. Background and Analysis 

Effective July 30, 2008, the Housing 

and Economic Recovery Act of 2008 

(HERA) 1 created FHFA as a new 

independent agency of the Federal 

Government, and transferred to FHFA 

the supervisory and oversight 

responsibilities of the Finance Board 

over the Federal Home Loan Banks 

(Banks), the oversight responsibilities of 

the Office of Federal Housing Enterprise 

Oversight (OFHEO) over the Federal 

National Mortgage Association and the 

Federal Home Loan Mortgage 

Corporation (the Enterprises), and 

certain functions of the Department of 

Housing and Urban Development.2

Under section 1313(a) of the Federal 

Housing Enterprises Financial Safety 

and Soundness Act of 1992 (Safety and 

Soundness Act), FHFA is responsible 

for ensuring that the Banks and the 

Enterprises operate in a safe and sound 

manner, including that they maintain 

adequate capital and internal controls, 

that their activities foster liquid, 

efficient, competitive and resilient 

national housing finance markets, and 

that they carry out their public policy 

missions through authorized activities.3

The Banks and the Enterprises remain 

subject to, and continue to operate 

under, regulations promulgated by the 

Finance Board and by OFHEO and 

HUD, respectively, until such 

regulations are superseded by 

regulations issued by FHFA.4 The 

Finance Board regulations that are the 

subject of this rulemaking have 

remained in effect pursuant to that 

authority. 

On April 3, 2018, FHFA published a 

notice of proposed rulemaking to repeal 

certain outdated Finance Board 

regulations.5 FHFA proposed to repeal 

definitions under the Finance Board 

regulations that are obsolete or that 

duplicate FHFA definitions, and to 

repeal an outdated Finance Board 

regulation that describes the process the 

Finance Board used to conduct the 

MIRS. FHFA also proposed to repeal 

subchapters of the Finance Board 

regulations that were reserved and no 

longer serve any regulatory purpose. 

The comment period ended on May 18, 

2018. FHFA received no comments in 

response to any part of the proposed 

rulemaking, and thus is finalizing the 

amendments to the Finance Board 

regulations as proposed. 

A. Definitions—Finance Board Part 900 

FHFA proposed repealing the Finance 

Board definitions located in Subchapter 

A, which consists of part 900 of the 

Finance Board regulations, and includes 

definitions of forty-two terms that had 

been used throughout the Finance Board 

regulations. In 2013 FHFA carried over 

into its own regulations (at part 1201) 

most of the Finance Board definitions, 

but did not repeal the Finance Board 

definitions at that time because a 

number of substantive Finance Board 

regulations that used those terms 

remained in effect.6 FHFA has now 

proposed repealing all of the definitions 

within part 900 of the Finance Board 

regulations because, since 2013, FHFA 

has relocated or repealed all of the 

substantive Finance Board regulations, 

other than those relating to Bank capital 

requirements, which are the subject of a 

separate rulemaking.7 The final rule is 

identical to the proposed rule on this 

topic. 


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39324 Federal Register / Vol. 83, No. 154 / Thursday, August 9, 2018 / Rules and Regulations 

8The Housing and Community Development Act 

of 1980 tied the Fannie Mae and Freddie Mac 

conforming loan limits to MIRS. See Public Law 

96–399, Title III, section 313(a), (b), 94 Stat. 1644– 

45 (Oct. 8, 1980). 

9See Financial Institutions Reform, Recovery, 

and Enforcement Act of 1989, Public Law 101–73, 

Title IV, section 402(e), 103 Stat. 359–360 (Aug. 9, 

1989), codified at 12 U.S.C. 1437 note (regarding the 

continuation of the ARM Index). 

10 44 U.S.C. 3501 et seq. 

11 5 CFR part 1320. 

12The relocation and redesignation occurred in 

two phases. In March 2017, FHFA redesignated the 

Minority and Women Inclusion (MWI) regulations 

that apply to the regulated entities from 12 CFR part 

1207 to 12 CFR part 1223, as a result of which 

§ 1207.21(b)(5) became § 1223.21(b)(5). See 

Minority and Women Outreach Program, 82 FR 

14992, 14993 (Mar. 24, 2017). In July 2017, FHFA 

again amended the MWI regulations that apply to 

the regulated entities by, among other things, 

redesignating § 1223.21(b)(5) as § 1223.21(b)(7). See 

82 FR 34388, 34395–96 (July 25, 2017). 

13 5 U.S.C. 553(b)(B). 

B. Finance Board Part 906 

FHFA proposed repealing subchapter 

B, consisting of part 906 of the Finance 

Board Regulations that contains 

reserved subparts A and C, and subpart 

B, § 906.5. Section 906.5 describes the 

manner in which the Finance Board 

conducted the ‘‘Monthly Survey of 

Rates and Terms on Conventional OneFamily Non-farm Mortgage Loans,’’ 

commonly referred to as the ‘‘Monthly 

Interest Rate Survey’’ or ‘‘MIRS.’’ The 

MIRS is a monthly survey of mortgage 

lenders that solicits information on the 

terms and conditions on all 

conventional, single-family, fully 

amortizing, purchase-money mortgage 

loans closed during the last five working 

days of the preceding month. It was 

originally conducted by the Federal 

Home Loan Bank Board (FHLBB), and 

was continued by the Finance Board, in 

accordance with the Financial 

Institutions Reform, Recovery, and 

Enforcement Act of 1989, the legislation 

that abolished the FHLBB and 

established the Finance Board as its 

successor. FHFA also has continued to 

conduct the survey and publish the data 

tables monthly, as successor to the 

Finance Board. 

Historically, two housing finance 

benchmarks have been based on data 

obtained through the MIRS: (1) The 

‘‘national average one-family house 

price,’’ which, between 1980 and 2008, 

Fannie Mae and Freddie Mac were 

statutorily required to use in making 

annual adjustments to the conforming 

loan limit; 8 and (2) the Adjustable Rate 

Mortgage (ARM) Index, which at one 

time was widely used by lenders in 

determining the appropriate periodic 

interest rate adjustment on their ARM 

loans. 

Adjustments in the conforming loan 

limits for Fannie Mae and Freddie Mac 

are no longer based on data collected 

through the MIRS. Some lenders, 

however, may still use FHFA’s ARM 

Index, which is derived from MIRS data, 

as one factor in pricing mortgage loans 

that they originate. In addition, 

businesses, trade associations, and 

government agencies at both the federal 

and state level rely upon the MIRS data 

for various business and regulatory 

purposes. 

FHFA intends to continue conducting 

the MIRS and publishing the data 

results on its website monthly. Because 

the current MIRS regulation includes an 

outdated description of the manner in 

which the survey is conducted, 

however, and is not necessary in order 

to implement the statutory mandate that 

FHFA conduct the survey, FHFA has 

determined that the regulation is 

unnecessary.9 Given the absence of any 

comments on the proposed rule, the 

final rule is also identical to the 

proposed rule on this topic. 

C. Finance Board Parts 956–999 

[Reserved] and Subchapters F–M 

[Reserved] 

The proposal also would have 

repealed subchapters F–M, consisting of 

parts 956–999 of title 12 of the Code of 

Federal Regulations (CFR), which are 

Finance Board provisions that are 

designated as ‘‘[r]eserved.’’ These 

reserved parts are currently the only 

items under subchapters F–M of chapter 

IX of title 12, and because they contain 

no substantive provisions there is 

nothing to revise and relocate to the 

FHFA regulations. Consequently, FHFA 

has determined that unless it 

affirmatively removes the reference to 

those parts as being reserved and 

removes subchapters F–M, those 

references and empty subchapters F–M 

would remain in the CFR after FHFA 

has removed or relocated all of the other 

substantive Finance Board regulations. 

Accordingly, in the interest of ensuring 

that all Finance Board regulations that 

will not be carried forward into the 

FHFA regulations are removed from the 

CFR, the final rule adopts the proposed 

provision to repeal without change. 

D. Other Amendments 

FHFA is also using this final rule as 

a vehicle to address six other matters, 

each of which is technical in nature, 

that FHFA had not included in the 

proposed rule. 

The Paperwork Reduction Act of 1995 

(PRA) 10 and the implementing 

regulations of the Office of Management 

and Budget (OMB) 11 require FHFA to 

display a currently valid control number 

for each collection of information the 

Agency conducts or sponsors. To satisfy 

this requirement, § 1200.4(b) of FHFA’s 

regulations includes a table identifying 

each section of the regulations that 

contains an information collection 

requirement and showing, for each of 

those collections, the control number 

assigned by OMB and the expiration 

date of that control number. FHFA is 

using this final rule as a means to 

update the information contained in 

that table to reflect recent OMB actions 

and approvals. 

Separately, § 1261.9(c) of FHFA’s 

Federal Home Loan Bank directorship 

regulations includes an inaccurate 

cross-reference to a provision within 

FHFA’s minority and women inclusion 

regulations. The regulation currently 

refers to 12 CFR 1207.21(b)(5), which 

FHFA relocated in 2017 to 12 CFR 

1223.21(b)(7).12 The cross-referenced 

provision requires the regulated entities 

to have policies to encourage the 

consideration of diversity when 

nominating or soliciting nominations for 

positions on their boards of directors. 

FHFA is also using this final rule as a 

means to correct the cross reference 

within 12 CFR 1261.9(c). 

This final rule also corrects inaccurate 

cross-references that had not been 

updated in four other regulations, as 

follows. First, the reference to ‘‘12 

U.S.C. 3645’’ in § 1206.3(a)(3) is 

replaced with ‘‘12 U.S.C. 4635.’’ 

Second, the reference to 

‘‘§ 1223.21(b)(6)’’ in § 1223.3(b) is 

replaced with ‘‘§ 1223.21(b)(9).’’ Third, 

the reference to ‘‘§ 1207.3(b)’’ in 

§ 1223.21(b)(9) is replaced with 

‘‘§ 1223.3(b).’’ Fourth, the reference to 

‘‘§§ 1207.20 and 1207.21’’ in 

§ 1223.23(b)(20) is replaced with 

‘‘§§ 1223.20 and 1223.21.’’ 

The Administrative Procedure Act 

(APA) provides that an agency may 

amend its regulations without going 

through a notice and comment 

rulemaking if it finds good cause that it 

would be ‘‘impracticable, unnecessary, 

or contrary to the public interest.’’ 13

Each of the six amendments described 

above is technical in nature and does 

not present any issues on which public 

comment would be necessary. 

Moreover, it is consistent with the 

public interest for FHFA to correct 

inaccurate citations within its 

regulations and to ensure that it 

periodically updates the information 

pertaining to OMB control numbers and 

the expiration dates for its collections of 

information. Accordingly, FHFA finds 

that there is good cause for amending 

these two provisions without an 


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14 12 U.S.C. 4513(f). 15See 44 U.S.C. 3507(a), (d). 16See 44 U.S.C. 3512(a); 5 CFR 1320.8(b)(3)(vi). 

opportunity for prior notice and 

comment. 

II. Considerations of Differences 

Between the Banks and the Enterprises 

Section 1313(f) of the Safety and 

Soundness Act requires the FHFA 

Director, when promulgating regulations 

‘‘of general applicability and future 

effect’’ relating to the Banks, to consider 

the differences between the Banks and 

the Enterprises as they may relate to the 

Banks’ cooperative ownership structure, 

mission of providing liquidity to 

members, affordable housing and 

community development mission, 

capital structure, and joint and several 

liability.14 As was stated in the 

proposed rule, FHFA has determined 

that no such analysis is required in this 

case because the final rule would not 

impose any new obligations on the Bank 

or have any future effect on their rights 

and responsibilities. 

III. Paperwork Reduction Act 

The PRA requires that FHFA consider 

the impact of paperwork and other 

information collection burdens imposed 

on the public.15 Under the PRA and 

OMB’s implementing regulations, an 

agency may not collect or sponsor the 

collection of information, nor may it 

impose an information collection 

requirement unless it displays a 

currently valid control number assigned 

by OMB.16 The MIRS addressed by 12 

CFR 906.5 is a collection of information 

that OMB has approved under control 

number 2590–0004, which is due to 

expire on September 30, 2020. 

Although the final rule removes the 

descriptive provision regarding the 

MIRS that now appears at 12 CFR 906.5, 

that removal does not change any aspect 

of the information collection; that is, 

FHFA will continue to conduct the 

survey in accordance with the terms of 

the existing PRA clearance. Therefore, 

FHFA has not submitted to OMB a 

request to approve a revision to control 

number 2590–0004. 

IV. Regulatory Flexibility Act 

The Regulatory Flexibility Act (5 

U.S.C. 601 et seq.) requires that a final 

regulation that has a significant 

economic impact on a substantial 

number of small entities, small 

businesses, or small organizations must 

include a regulatory flexibility analysis 

describing the regulation’s impact on 

small entities. Such an analysis need 

not be undertaken if the agency has 

certified that the regulation will not 

have a significant economic impact on 

a substantial number of small entities. 5 

U.S.C. 605(b). FHFA has considered the 

impact of this rulemaking and certifies 

that it will not have a significant 

economic impact on a substantial 

number of small entities because the 

amendments are entirely technical in 

nature. Even if the final rule were to 

have an economic impact, it would 

apply only to the regulated entities, 

which are not small entities for 

purposes of the Regulatory Flexibility 

Act. 

V. Congressional Review Act 

FHFA has determined that this 

regulatory action does not qualify as 

either a ‘‘rule’’ or a ‘‘major rule’’ under 

the Congressional Review Act. See 5 

U.S.C. 804(2), (3). 

List of Subjects 

12 CFR Part 900 

Federal home loan banks, Office of 

finance, Regulated entity. 

12 CFR Part 906 

Conventional one-family non-farm 

mortgage loans, Government contracts, 

Minority businesses, Monthly interest 

rate survey, Mortgages, Reporting and 

recordkeeping requirements. 

12 CFR Part 1200 

Organization and functions 

(Government agencies), Reporting and 

recordkeeping requirements, Seals and 

insignia. 

12 CFR Part 1206 

Federal home loan banks, Reporting 

and recordkeeping requirements. 

12 CFR Part 1223 

Civil rights, Equal employment 

opportunity, Government contracts, 

Minority businesses. 

12 CFR Part 1261 

Banking, Banks, Conflicts of interest, 

Elections, Ethical conduct, Federal 

home loan banks, Financial disclosure, 

Reporting and recordkeeping 

requirements. 

Authority and Issuance 

Accordingly, for reasons stated in the 

preamble and under the authority of 12 

U.S.C. 4511, 4512, 4513, and 4526, 

FHFA amends subchapters A, B, and F– 

M of chapter IX and subchapters A and 

D of chapter XII of the Code of Federal 

Regulations as follows: 

CHAPTER IX—FEDERAL HOUSING 

FINANCE BOARD 

SUBCHAPTER A—[REMOVED AND 

RESERVED] 

■ 1. Remove and reserve subchapter A, 

consisting of part 900. 

SUBCHAPTER B—[REMOVED AND 

RESERVED] 

■ 2. Remove and reserve subchapter B, 

consisting of part 906. 

SUBCHAPTERS F–M—[REMOVED] 

■ 3. Remove reserved subchapters F–M, 

consisting of reserved parts 956 through 

999. 

CHAPTER XII—FEDERAL HOUSING 

FINANCE AGENCY 

SUBCHAPTER A—ORGANIZATION AND 

FUNCTIONS 

PART 1200—ORGANIZATION AND 

FUNCTIONS 

■ 4. The authority citation for part 1200 

continues to read as follows: 

Authority: 5 U.S.C. 552, 12 U.S.C. 4512, 12 

U.S.C. 4526, 44 U.S.C. 3506. 

■ 5. In § 1200.4, revise the table in 

paragraph (b) to read as follows: 

§ 1200.4 OMB control numbers assigned 

under the Paperwork Reduction Act. 

* * * * * 

(b) * * * 

12 CFR part or section where identified and described OMB 

control No. 

Expiration 

date 

1222.22 .................................................................................................................................................................... 2590–0013 07/31/2018 

1222.23 .................................................................................................................................................................... 2590–0013 07/31/2018 

1222.24 .................................................................................................................................................................... 2590–0013 07/31/2018 

1222.25 .................................................................................................................................................................... 2590–0013 07/31/2018 

1222.26 .................................................................................................................................................................... 2590–0013 07/31/2018 

1223.23 .................................................................................................................................................................... 2590–0014 07/31/2018 

1261.7 ...................................................................................................................................................................... 2590–0006 02/28/2021 


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39326 Federal Register / Vol. 83, No. 154 / Thursday, August 9, 2018 / Rules and Regulations 

12 CFR part or section where identified and described OMB 

control No. 

Expiration 

date 

1261.12 .................................................................................................................................................................... 2590–0006 02/28/2021 

1261.14 .................................................................................................................................................................... 2590–0006 02/28/2021 

1263.2 ...................................................................................................................................................................... 2590–0003 03/31/2020 

1263.4 ...................................................................................................................................................................... 2590–0003 03/31/2020 

1263.5 ...................................................................................................................................................................... 2590–0003 03/31/2020 

1263.6 ...................................................................................................................................................................... 2590–0003 03/31/2020 

1263.7 ...................................................................................................................................................................... 2590–0003 03/31/2020 

1263.8 ...................................................................................................................................................................... 2590–0003 03/31/2020 

1263.9 ...................................................................................................................................................................... 2590–0003 03/31/2020 

1263.11 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.12 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.13 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.14 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.15 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.16 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.17 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.18 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.19 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.24 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.26 .................................................................................................................................................................... 2590–0003 03/31/2020 

1263.31 .................................................................................................................................................................... 2590–0003 03/31/2020 

1264.4 ...................................................................................................................................................................... 2590–0001 12/31/2018 

1264.5 ...................................................................................................................................................................... 2590–0001 12/31/2018 

1264.6 ...................................................................................................................................................................... 2590–0001 12/31/2018 

1266.17 .................................................................................................................................................................... 2590–0001 12/31/2018 

1268.7 ...................................................................................................................................................................... 2590–0008 02/29/2016 

1277.22 .................................................................................................................................................................... 2590–0002 04/30/2020 

1277.28 .................................................................................................................................................................... 2590–0002 04/30/2020 

1290.2 ...................................................................................................................................................................... 2590–0005 03/31/2020 

1290.3 ...................................................................................................................................................................... 2590–0005 03/31/2020 

1290.4 ...................................................................................................................................................................... 2590–0005 03/31/2020 

1290.5 ...................................................................................................................................................................... 2590–0005 03/31/2020 

1291.5 ...................................................................................................................................................................... 2590–0007 03/31/2020 

1291.6 ...................................................................................................................................................................... 2590–0007 03/31/2020 

1291.7 ...................................................................................................................................................................... 2590–0007 03/31/2020 

1291.8 ...................................................................................................................................................................... 2590–0007 03/31/2020 

1291.9 ...................................................................................................................................................................... 2590–0007 03/31/2020 

PART 1206—ASSESSMENTS 

■ 6. The authority citation for part 1206 

continues to read as follows: 

Authority: 12 U.S.C. 4516. 

§ 1206.3 [Amended] 

■ 7. Amend § 1206.3(a)(3) by removing 

the reference ‘‘12 U.S.C. 3645’’ and 

adding in its place the reference ‘‘12 

U.S.C. 4635’’. 

SUBCHAPTER B—ENTITY REGULATIONS 

PART 1223—MINORITY AND WOMEN 

INCLUSION 

■ 8. The authority citation for part 1223 

continues to read as follows: 

Authority: 12 U.S.C. 4520 and 4526; 12 

U.S.C. 1833e; E.O. 11478. 

§ 1223.3 [Amended] 

■ 9. Amend § 1223.3(b) by removing the 

reference ‘‘§ 1223.21(b)(6)’’ and adding 

in its place the reference 

‘‘§ 1223.21(b)(9)’’. 

§ 1223.21 [Amended] 

■ 10. Amend § 1223.21(b)(9) by 

removing the reference ‘‘§ 1207.3(b)’’ 

and adding in its place the reference 

‘‘§ 1223.3(b)’’. 

§ 1223.23 [Amended] 

■ 11. Amend § 1223.23(b)(20) by 

removing the reference ‘‘§§ 1207.20 and 

1207.21’’ and adding in its place the 

reference ‘‘§§ 1223.20 and 1223.21’’. 

SUBCHAPTER D—FEDERAL HOME LOAN 

BANKS 

PART 1261—FEDERAL HOME LOAN 

BANK DIRECTORS 

■ 12. The authority citation for part 

1261 continues to read as follows: 

Authority: 12 U.S.C. 1426, 1427, 1432, 

4511 and 4526. 

§ 1261.9 [Amended] 

■ 13. Amend § 1261.9(c) introductory 

text by removing the reference 

‘‘§ 1207.21(b)(5)’’ and adding in its place 

the reference ‘‘§ 1223.21(b)(7)’’. 

Dated: August 2, 2018. 

Melvin L. Watt, 

Director, Federal Housing Finance Agency. 

[FR Doc. 2018–16972 Filed 8–8–18; 8:45 am] 

BILLING CODE 8070–01–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

14 CFR Part 39 

[Docket No. FAA–2018–0165; Product 

Identifier 2017–NM–122–AD; Amendment 

39–19342; AD 2018–16–02] 

RIN 2120–AA64 

Airworthiness Directives; Airbus SAS 

Airplanes 

AGENCY: Federal Aviation 

Administration (FAA), Department of 

Transportation (DOT). 

ACTION: Final rule. 

SUMMARY: We are adopting a new 

airworthiness directive (AD) for all 

Airbus SAS Model A318–111 and –112 

airplanes, Model A319–111, –112, –113, 

–114, and –115 airplanes, Model A320– 

211, –212, –214, and –216 airplanes, 

and Model A321–111, –112, –211, –212, 

and –213 airplanes. This AD was 

prompted by a report of a production 

quality deficiency on the inner retainer 

installed on link assemblies of the aft 

engine mount, which could result in 


sradovich on DSK3GMQ082PROD with RULES