Search Results for citation:"86 FR 6650"

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Search Results: citation:"86 FR 6650"

  • Type:Notice
    Citation:86 FR 6650
    Reading Time:about 3 minutes

    The Federal Housing Finance Agency (FHFA) has updated the cap on average total assets that determines if a Federal Home Loan Bank member qualifies as a "community financial institution" (CFI) to $1,239,000,000. This adjustment is based on the 1.2% increase in the Consumer Price Index for all urban consumers (CPI-U) from November 2019 to November 2020, as published by the Department of Labor. The changes took effect on January 1, 2021. The aim of the adjustment is to reflect inflation and ensure that the cap is in line with current economic conditions.

    Simple Explanation

    The Federal Housing Finance Agency decided to change the rules about which banks are considered small enough to get special help by saying they can only have a little more than a billion dollars in total. They made this decision to keep things fair because prices for stuff have gone up a bit.

  • Type:Notice
    Citation:86 FR 6650
    Reading Time:less than a minute

    The Federal Retirement Thrift Investment Board announced a board meeting set for January 26, 2021, which will be held over the phone. Participants can join by dialing a specified number or accessing a web link provided. The meeting will cover several topics, including the approval of previous meeting minutes, participant activity and legislative reports, and updates on investment policy, budget, and internal audits. There will also be a closed session to discuss matters covered under specific legal provisions. The meeting is organized in accordance with the legal authority of 5 U.S.C. 552b.

    Simple Explanation

    The Federal Retirement Thrift Investment Board is having a meeting on January 26, 2021, where they will talk about important things like finances and rules, and people can listen in by phone or online.

  • Type:Notice
    Citation:86 FR 6650
    Reading Time:about 3 minutes

    The Department of Defense, General Services Administration, and NASA have submitted a request to the Office of Management and Budget to review and renew an information collection requirement involving the Standard Form 28, Affidavit of Individual Surety. This form is used by agencies to gather information from individuals acting as sureties on government bonds. The information collected helps assess the acceptability of these individuals as sureties. Despite receiving a public comment suggesting changes to the form, the renewal is necessary to comply with the Paperwork Reduction Act, as the current approval expires soon.

    Simple Explanation

    The government is checking with experts if a form, used by people who promise to pay money if someone else doesn't, still makes sense and follows the rules.