Notice of Annual Adjustments

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 See the Document Drafting Handbook for more details. Federal Housing Finance Board [No. 2004-N-13] AGENCY: Federal Housing Finance Board. ACTION: Notice. SUMMARY: The Federal Housing Finance Board (Finance Board) has adjusted the cap on average total assets that defines a “Community Financial Institution” (CFI) and the limits on annual compensation for Federal Home Loan Bank (Bank) directors based on the annual percentage increase in the Consumer Price Index for all urban consumers (CPI-U), as published by the U.S. Department of Labor (DOL). The Finance Board also has made similar adjustments to the maximum dollar limits on certain allocations by a Bank of its annual required Affordable Housing Program (AHP) contributions. FOR FURTHER INFORMATION CONTACT: Scott L. Smith, Associate Director, by telephone at (202) 408-2991 or by electronic mail at smiths@fhfb.gov , or Mark Edward Stover, Senior Economist, by telephone at (202) 408-2828 or by electronic mail at stoverm@fhfb.gov . Send regular mail to the Federal Housing Finance Board, Office of Supervision, Regulations and Research, 1777 F Street, NW., Washington, DC 20006. SUPPLEMENTARY INFORMATION: The Bank Act and Finance Board regulations require publication of annual adjustments to the following dollar amounts, based on any increase in the CPI-U, as published by the DOL: The cap on average total assets that defines a CFI (CFI Asset Cap). See 12 U.S.C. 1422(13) and 12 CFR 925.1 . The limits on annual compensation for Bank directors. See 12 U.S.C. 1427(i)(2) and 12 …