Notice of Agreement Filed, 35678 [E6-9743]
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35678
Federal Register / Vol. 71, No. 119 / Wednesday, June 21, 2006 / Notices
circumstances. 12 CFR part 955. The
regulation refers to these assets as
acquired member assets or AMA. As
part of this regulatory authorization,
each Bank that acquires residential
mortgage loans must provide to the
Finance Board certain loan-level data on
a quarterly basis. The Finance Board
uses this data to monitor the safety and
soundness of the Banks and the extent
to which the Banks are fulfilling their
statutory housing finance mission
through their AMA programs. See 12
U.S.C. 1422a(a).
While the Banks provide the AMA
data directly to the Finance Board, each
Bank initially must collect the
information from the private-sector
member or housing associate from
which the Bank acquires the mortgage
loan. Bank members and housing
associates already collect the vast
majority of the data the Finance Board
requires in order to do business with
Fannie Mae and Freddie Mac under
regulatory requirements issued by the
Department of Housing and Urban
Development and pursuant to the
information collection requirements
under the Home Mortgage Disclosure
Act. Thus, the Finance Board’s
information collection imposes only a
minor incremental additional burden on
Bank members and housing associates.
Elsewhere in this issue of the Federal
Register, the Finance Board is
publishing a final rule that reorganizes
the way it imposes certain reporting
requirements on the Banks, including
the reporting requirements in this
information collection. More
specifically, the final rule removes the
reporting requirements from 12 CFR
part 955 (specifically, § 955.4 and
Appendices A and B). At the same time
it adopted the final rule, the Board of
Directors added the AMA reporting
requirements to the Data Reporting
Manual (DRM), where they will appear
as Chapter Three.1 The DRM is available
electronically on the Finance Board
Web site at: https://www.fhfb.gov/
Default.aspx?Page=101.
The OMB control number for the
information collection, which expires
on March 31, 2007, is 3069–0058. The
likely respondents are institutions that
sell AMA assets to Banks.
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B. Burden Estimate
The Finance Board estimates the total
annual average number of respondents
at 600, with 4 responses per respondent.
The estimate for the average hours per
1 See Resolution Number 2006–11 (June 14, 2006)
(available electronically in the FOIA Reading Room
of the Finance Board Web site at: https://
www.fhfb.gov/Default.aspx?Page=59&Top=4).
VerDate Aug<31>2005
18:26 Jun 20, 2006
Jkt 208001
response is 24 hours. The estimate for
the total annual hour burden is 57,600
hours (600 respondents × 4 responses
per respondent × 24 hours).
Bank members and housing associates
could incur additional one-time costs to
be able to collect and report the loanlevel data elements needed to allow for
better tracking and modeling of
prepayment and default rates of
mortgage portfolios. The Finance Board
estimates this additional, one-time cost
at $120,000 ($2,000 × 600 members/
housing associates).
C. Comment Request
In accordance with the requirements
of 5 CFR 1320.8(d), the Finance Board
published a request for public
comments regarding proposed changes
to the AMA database and the burden
estimates for this information collection
in the Federal Register on November 2,
2005. See 70 FR 66413 (Nov. 2, 2005).
The 60-day comment period closed on
January 3, 2006. The Finance Board did
not receive any comments.
The Finance Board requests written
comments on the following: (1) Whether
the collection of information is
necessary for the proper performance of
Finance Board functions, including
whether the information has practical
utility; (2) the accuracy of the Finance
Board’s estimates of the burdens and
costs of the collection of information; (3)
ways to enhance the quality, utility, and
clarity of the information collected; and
(4) ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Submit comments to OMB in writing at
the address listed above.
Dated: June 14, 2006.
By the Federal Housing Finance Board.
John P. Kennedy,
General Counsel.
[FR Doc. E6–9755 Filed 6–20–06; 8:45 am]
BILLING CODE 6725–01–P
FEDERAL MARITIME COMMISSION
Notice of Agreement Filed
The Commission hereby gives notice
of the filing of the following agreement
under the Shipping Act of 1984.
Interested parties may submit comments
on an agreement to the Secretary,
Federal Maritime Commission,
Washington, DC 20573, within ten days
of the date this notice appears in the
Federal Register. Copies of agreements
are available through the Commission’s
PO 00000
Frm 00072
Fmt 4703
Sfmt 4703
Office of Agreements (202–523–5793) or
(tradeanalysis@fmc.gov).
Agreement No.: 011947–001.
Title: Grimaldi/Sallaum Space Charter
Agreement.
Parties: Grimaldi Compagnia di
Navigazione and Sallaum Lines SAL.
Filing Party: Wayne R. Rohde, Esq.;
Sher & Blackwell LLP; 1850 M Street,
NW.; Suite 900; Washington, DC 20036.
Synopsis: The amendment extends
the duration of the agreement to
November 7, 2006.
Dated: June 16, 2006.
By Order of the Federal Maritime
Commission.
Karen V. Gregory,
Assistant Secretary.
[FR Doc. E6–9743 Filed 6–20–06; 8:45 am]
BILLING CODE 6730–01–P
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisition of Shares of Bank or Bank
Holding Companies
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire a bank or bank
holding company. The factors that are
considered in acting on the notices are
set forth in paragraph 7 of the Act (12
U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the office of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than July 6,
2006.
A. Federal Reserve Bank of St. Louis
(Glenda Wilson, Community Affairs
Officer) 411 Locust Street, St. Louis,
Missouri 63166-2034:
1. Leon Brasher, Fredonia, Kentucky;
to gain control of Fredonia Valley
Bancorporation, Inc., Fredonia,
Kentucky, and thereby indirectly gain
control of Fredonia Valley Bank,
Fredonia, Kentucky.
B. Federal Reserve Bank of Kansas
City (Donna J. Ward, Assistant Vice
President) 925 Grand Avenue, Kansas
City, Missouri 64198-0001:
1. The Watts Revocable Declaration of
Trust dtd 11/6/96 (Richard J. Watts,
Trustee), RJW Enterprises, and Richard
J. Watts, all of Ramona, California, and
Janice and Jack A. Reccoforte, El Cajon,
California; acting as a group to retain
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]]>Agencies
[Federal Register Volume 71, Number 119 (Wednesday, June 21, 2006)]
[Notices]
[Page 35678]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-9743]
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FEDERAL MARITIME COMMISSION
Notice of Agreement Filed
The Commission hereby gives notice of the filing of the following
agreement under the Shipping Act of 1984. Interested parties may submit
comments on an agreement to the Secretary, Federal Maritime Commission,
Washington, DC 20573, within ten days of the date this notice appears
in the Federal Register. Copies of agreements are available through the
Commission's Office of Agreements (202-523-5793) or
(tradeanalysis@fmc.gov).
Agreement No.: 011947-001.
Title: Grimaldi/Sallaum Space Charter Agreement.
Parties: Grimaldi Compagnia di Navigazione and Sallaum Lines SAL.
Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M
Street, NW.; Suite 900; Washington, DC 20036.
Synopsis: The amendment extends the duration of the agreement to
November 7, 2006.
Dated: June 16, 2006.
By Order of the Federal Maritime Commission.
Karen V. Gregory,
Assistant Secretary.
[FR Doc. E6-9743 Filed 6-20-06; 8:45 am]
BILLING CODE 6730-01-P
