Sunshine Act Meeting; Notice of Agency Meeting, 59113 [06-8545]
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Federal Register / Vol. 71, No. 194 / Friday, October 6, 2006 / Notices
FEDERAL DEPOSIT INSURANCE
CORPORATION
Sunshine Act Meeting; Notice of
Agency Meeting
Pursuant to the provisions of the
‘‘Government in the Sunshine Act’’ (5
U.S.C. 552b), notice is hereby given that
at 10:30 a.m. on Tuesday, October 10,
2006, the Federal Deposit Insurance
Corporation’s Board of Directors will
meet in closed session, pursuant to
section 552b(c)(2), (c)(4), (c)(6), (c)(8),
(c)(9)(A)(ii), (c)(9)(B), and (c)(10) Title 5,
United States Code, to consider matters
relating to the Corporation’s supervisory
and corporate activities.
The meeting will be held in the Board
Room on the sixth floor of the FDIC
Building located at 550-17th Street,
NW., Washington, DC.
Requests for further information
concerning the meeting may be directed
to Mr. Robert E. Feldman, Assistant
Executive Secretary of the Corporation,
at (202) 898–7122.
Dated: October 3, 2006.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 06–8545 Filed 10–3–06; 4:18 pm]
BILLING CODE 6714–01–M
FEDERAL HOUSING FINANCE BOARD
[No. 2006–N–06]
Submission for OMB Review;
Comment Request
AGENCY:
Federal Housing Finance
Board.
ACTION:
Notice.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995, the Federal
Housing Finance Board (Finance Board)
is submitting the information collection
entitled ‘‘Affordable Housing Program
(AHP)’’ to the Office of Management and
Budget (OMB) for review and approval
of a 3 year extension of the OMB control
number, 3069–0006, which is due to
expire on July 31, 2007.
DATES: Interested persons may submit
comments on or before November 6,
2006.
Submit comments to the
Office of Information and Regulatory
Affairs of the Office of Management and
Budget, Attention: Desk Officer for the
Federal Housing Finance Board,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: For
further information or copies of the
cprice-sewell on PROD1PC66 with NOTICES
ADDRESSES:
VerDate Aug<31>2005
14:52 Oct 05, 2006
Jkt 211001
information collection contact: Charles
E. McLean, Associate Director,
mcleanc@fhfb.gov, 202–408–2537, or
Deattra D. Perkins, Community
Development Specialist,
perkinsd@fhfb.gov, 202–408–2527, both
of the Supervisory and Regulatory
Policy Division of the Office of
Supervision. You also can contact staff
by regular mail to the Federal Housing
Finance Board, 1625 Eye Street, NW.,
Washington, DC 20006.
SUPPLEMENTARY INFORMATION:
A. Need For and Use of the Information
Collection
Section 10(j) of the Federal Home
Loan Bank Act (Bank Act) (12 U.S.C.
1430(j)), requires the Finance Board to
promulgate regulations under which
each of the 12 Federal Home Loan
Banks (Banks) must establish an
Affordable Housing Program to make
subsidized advances to members
engaged in lending for long term, lowand moderate-income, owner-occupied
and affordable rental housing at
subsidized interest rates. See 12 U.S.C.
1430(j). Section 10(j) also establishes the
standards and requirements for making
subsidized AHP advances to Bank
members. Part 951 of the Finance Board
regulations implements the statutory
requirements and authorizes the Banks
to make AHP funding decisions. See 12
CFR part 951.
On August 9, 2006, the Board of
Directors of the Finance Board moved
the AHP data requirements from part
951 into its Data Reporting Manual
(DRM). See Resolution Number 2006–13
(available electronically in the Finance
Board’s FOIA Reading Room: https://
www.fhfb.gov/Default.aspx?Page=59&
ListCategory=9#9). The Banks use AHP
data collection contained in the DRM to
determine whether an AHP applicant
satisfies the statutory and regulatory
requirements to receive subsidized
advances or direct subsidies under the
AHP. The Finance Board uses the
information to ensure that Bank funding
decisions, and the use of the funds
awarded, are consistent with statutory
and regulatory requirements.
The OMB control number for the
information collection is 3069–0006.
The OMB clearance for the information
collection expires on July 31, 2007. The
likely respondents include Bank
members and applicants for AHP
funding.
B. Burden Estimate
In April 2005, the Finance Board
provided notice in the Federal Register
concerning the burden for the seven
different facets of the AHP information
collection—AHP applications, AHP
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59113
modification requests, AHP monitoring
agreements, AHP recapture agreements,
homeownership assistance program
applications, verifications of statutory
and regulatory compliance at the time of
subsidy disbursement, and Bank
Advisory Council Reports and
recommendations on AHP
Implementation Plans. See 70 FR 21411
(April 26, 2005). The 60-day comment
period closed on June 27, 2005. The
Finance Board received one comment,
which supported establishment of
consistent data reporting requirements
for the AHP.
Following publication of the notice,
the Finance Board moved the AHP data
requirements from part 951 into its DRM
and adopted a final rule amending the
AHP regulation by removing
prescriptive requirements, clarifying
certain operational requirements,
providing additional discretionary
authority in certain areas, removing
certain authorities, and otherwise
streamlining and reorganizing the
regulation. That final rule is published
elsewhere in this issue of the Federal
Register. These actions have affected the
burden estimates for the information
collection. The estimate for the total
hour burden for applicant and member
respondents for all 7 facets of the AHP
information collection is 72,113 hours,
reflecting an increase of 9,075 hours.
The revised burden estimates are
discussed below:
1. AHP Applications
The Finance Board estimates a total
annual average of 2,050 applicants for
AHP funding, with 1 response per
applicant, and a 24 hour average
processing time for each application.
The estimate for the total annual hour
burden for AHP applications is 49,200
hours (2,050 applicants × 1 application
× 24 hours).
2. AHP Modification Requests
The Finance Board estimates a total
annual average of 150 modification
requests, with 1 response per requestor,
and a 2.5 hour average processing time
for each request. The estimate for the
total annual hour burden for AHP
modification requests is 375 hours (150
requestors × 1 request × 2.5 hours).
3. AHP Monitoring Agreements
The Finance Board estimates a total
annual average of 825 AHP monitoring
agreements, with 1 agreement per
respondent. The estimate for the average
hours to implement each AHP
monitoring agreement and prepare and
review required reports and
certifications is 4.5 hours. The estimate
for the total annual hour burden for
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]]>Agencies
[Federal Register Volume 71, Number 194 (Friday, October 6, 2006)]
[Notices]
[Page 59113]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 06-8545]
[[Page 59113]]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Sunshine Act Meeting; Notice of Agency Meeting
Pursuant to the provisions of the ``Government in the Sunshine
Act'' (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on
Tuesday, October 10, 2006, the Federal Deposit Insurance Corporation's
Board of Directors will meet in closed session, pursuant to section
552b(c)(2), (c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and
(c)(10) Title 5, United States Code, to consider matters relating to
the Corporation's supervisory and corporate activities.
The meeting will be held in the Board Room on the sixth floor of
the FDIC Building located at 550-17th Street, NW., Washington, DC.
Requests for further information concerning the meeting may be
directed to Mr. Robert E. Feldman, Assistant Executive Secretary of the
Corporation, at (202) 898-7122.
Dated: October 3, 2006.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 06-8545 Filed 10-3-06; 4:18 pm]
BILLING CODE 6714-01-M
