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such report and the percentage of such amounts paid to 
businesses described in subsection (b) of this section.’’; 
and 
(5) by adding at the end the following new sub-
section: 
‘‘(f) DIVERSITY
IN
AGENCY
WORKFORCE.—The 
Agency shall take affirmative steps to seek diversity in its 
workforce at all levels of the agency consistent with the 
demographic diversity of the United States, which shall 
include— 
‘‘(1) heavily recruiting at historically Black col-
leges and universities, Hispanic-serving institutions, 
women’s colleges, and colleges that typically serve 
majority minority populations; 
‘‘(2) sponsoring and recruiting at job fairs in 
urban communities, and placing employment adver-
tisements in newspapers and magazines oriented to-
ward women and people of color; 
‘‘(3) partnering with organizations that are fo-
cused on developing opportunities for minorities and 
women to place talented young minorities and 
women in industry internships, summer employment, 
and full-time positions; and 
‘‘(4) where feasible, partnering with inner-city 
high schools, girls’ high schools, and high schools 
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with majority minority populations to establish or 
enhance financial literacy programs and provide 
mentoring.’’. 
SEC. 111. REGULATIONS AND ORDERS. 
Section 1319G of the Housing and Community De-
velopment Act of 1992 (12 U.S.C. 4526) is amended— 
(1) by striking subsection (a) and inserting the 
following new subsection: 
‘‘(a) AUTHORITY.—The Director shall issue any reg-
ulations, guidelines, and orders necessary to carry out the 
duties of the Director under this title and each of the au-
thorizing statutes to ensure that the purposes of this title 
and such statutes are accomplished.’’; 
(2) in subsection (b), by inserting ‘‘, this title, 
or any of the authorizing statutes’’ after ‘‘under this 
section’’; and 
(3) by striking subsection (c). 
SEC. 112. NON-WAIVER OF PRIVILEGES. 
Part 1 of subtitle A of title XIII of the Housing and 
Community Development Act of 1992 (12 U.S.C. 4511) 
is amended by adding at the end the following new section: 
‘‘SEC. 1319H. PRIVILEGES NOT AFFECTED BY DISCLOSURE. 
‘‘(a) IN GENERAL.—The submission by any person 
of any information to the Agency for any purpose in the 
course of any supervisory or regulatory process of the 
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Agency shall not be construed as waiving, destroying, or 
otherwise affecting any privilege such person may claim 
with respect to such information under Federal or State 
law as to any person or entity other than the Agency. 
‘‘(b) RULE OF CONSTRUCTION.—No provision of sub-
section (a) may be construed as implying or establishing 
that— 
‘‘(1) any person waives any privilege applicable 
to information that is submitted or transferred 
under any circumstance to which subsection (a) does 
not apply; or 
‘‘(2) any person would waive any privilege ap-
plicable to any information by submitting the infor-
mation to the Agency, but for this subsection.’’. 
SEC. 113. RISK-BASED CAPITAL REQUIREMENTS. 
(a) IN GENERAL.—Section 1361 of the Housing and 
Community Development Act of 1992 (12 U.S.C. 4611) 
is amended to read as follows: 
‘‘SEC. 1361. RISK-BASED CAPITAL LEVELS FOR REGULATED 
ENTITIES. 
‘‘(a) IN GENERAL.— 
‘‘(1) ENTERPRISES.—The Director shall, by 
regulation, establish risk-based capital requirements 
for the enterprises to ensure that the enterprises op-
erate in a safe and sound manner, maintaining suffi-
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cient capital and reserves to support the risks that 
arise in the operations and management of the en-
terprises. 
‘‘(2) FEDERAL HOME LOAN BANKS.—The Di-
rector shall establish risk-based capital standards 
under section 6 of the Federal Home Loan Bank 
Act for the Federal home loan banks. 
‘‘(b) CONFIDENTIALITY OF INFORMATION.—Any per-
son that receives any book, record, or information from 
the Director or a regulated entity to enable the risk-based 
capital requirements established under this section to be 
applied shall— 
‘‘(1) maintain the confidentiality of the book, 
record, or information in a manner that is generally 
consistent with the level of confidentiality established 
for the material by the Director or the regulated en-
tity; and 
‘‘(2) be exempt from section 552 of title 5, 
United States Code, with respect to the book, 
record, or information. 
‘‘(c) NO LIMITATION.—Nothing in this section shall 
limit the authority of the Director to require other reports 
or undertakings, or take other action, in furtherance of 
the responsibilities of the Director under this Act.’’. 
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(b) FEDERAL HOME LOAN BANKS RISK-BASED CAP-
ITAL.—Section 6(a)(3) of the Federal Home Loan Bank 
Act (12 U.S.C. 1426(a)(3)) is amended— 
(1) by striking subparagraph (A) and inserting 
the following new subparagraph: 
‘‘(A) RISK-BASED CAPITAL STANDARDS.— 
The Director shall, by regulation, establish risk- 
based capital standards for the Federal home 
loan banks to ensure that the Federal home 
loan banks operate in a safe and sound manner, 
with sufficient permanent capital and reserves 
to support the risks that arise in the operations 
and management of the Federal home loans 
banks.’’; and 
(2) in subparagraph (B), by striking ‘‘(A)(ii)’’ 
and inserting ‘‘(A)’’. 
SEC. 114. MINIMUM AND CRITICAL CAPITAL LEVELS. 
(a) MINIMUM CAPITAL LEVEL.—Section 1362 of the 
Housing and Community Development Act of 1992 (12 
U.S.C. 4612) is amended— 
(1) in subsection (a), by striking ‘‘IN GEN-
ERAL’’ and inserting ‘‘ENTERPRISES’’; and 
(2) by striking subsection (b) and inserting the 
following new subsections: 
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