Proposed Collection; Comment Request, 18246-18248 [E7-6823]

Download as PDF 18246 Federal Register / Vol. 72, No. 69 / Wednesday, April 11, 2007 / Notices [FR Doc. 07–1798 Filed 4–10–07; 8:45 am] BILLING CODE 6690–01–M FEDERAL COMMUNICATIONS COMMISSION Notice of Public Information Collection(s) being Reviewed by the Federal Communications Commission, Comments Requested cprice-sewell on PRODPC61 with NOTICES April 3, 2007. SUMMARY: The Federal Communications Commission, as part of its continuing effort to reduce paperwork burden invites the general public and other Federal agencies to take this opportunity to comment on the following information collection(s), as required by the Paperwork Reduction Act (PRA) of 1995, Public Law 104–13. An agency may not conduct or sponsor a collection of information unless it displays a currently valid control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the Paperwork Reduction Act that does not display a valid control number. Comments are requested concerning (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s burden estimate; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on the respondents, including the use of automated collection techniques or other forms of information technology. DATES: Written Paperwork Reduction Act (PRA) comments should be submitted on or before May 11, 2007. If you anticipate that you will be submitting comments, but find it difficult to do so within the period of time allowed by this notice, you should advise the contact listed below as soon as possible. ADDRESSES: You may submit your all Paperwork Reduction Act (PRA) comments by e-mail or U.S. postal mail. To submit your comments by e-mail send them to PRA@fcc.gov. To submit your comments by U.S. mail, mark them to the attention of Cathy Williams, Federal Communications Commission, Room 1–C823, 445 12th Street, SW., Washington, DC 20554 and Jasmeet Seehra, OMB Desk Officer, Office of Management and Budget (OMB), Room 10236 NEOB, 725 17th Street, NW., Washington, DC 20503 or via Internet at VerDate Aug<31>2005 17:06 Apr 10, 2007 Jkt 211001 Jasmeet_K._Seehra@omb.eop.gov or via fax at (202) 395–5167. If you would like to obtain or view a copy of this information collection, you may do so by visiting the FCC’s PRA Web page at: http://www.fcc.gov/omd/pra. FOR FURTHER INFORMATION CONTACT: For additional information about the information collection(s) send an e-mail to PRA@fcc.gov or contact Cathy Williams at (202) 418–2918. SUPPLEMENTARY INFORMATION: OMB Control Number: 3060–XXXX. Title: Children’s Television Requests for Preemption Flexibility. Form Number: Not applicable. Type of Review: New collection. Respondents: Business or other forprofit entities. Number of Respondents: 15. Estimated Time per Response: 10 hours. Frequency of Response: Annual reporting requirement. Total Annual Burden: 150 hours. Total Annual Cost: None. Nature of Response: Required to obtain or retain benefits. Confidentiality: No need for confidentiality required. Privacy Impact Assessment: No impact(s). Needs and Uses: On September 26, 2006, the Commission adopted a Second Order on Reconsideration and Second Report and Order in MM Docket 00– 167, FCC 06–143, In the Matter of Children’s Television Obligations of Digital Television Broadcasters. The Second Order addressed several matters relating to the obligation of television licensees to provide educational programming for children and the obligation of television licensees and cable operators to protect children from excessive and inappropriate commercial messages. Among other things, the Second Order adopts a children’s programming preemption policy. This policy requires all networks requesting preemption flexibility to file a request with the Media Bureau by August 1 of each year. The request identifies the number of preemptions the network expects, when the program will be rescheduled, whether the rescheduled time is the program’s second home, and the network’s plan to notify viewers of the schedule change. Preemption flexibility requests are not mandatory filings. They are requests that may be filed by networks seeking preemption flexibility. Federal Communications Commission. Marlene H. Dortch, Secretary. [FR Doc. E7–6624 Filed 4–10–07; 8:45 am] BILLING CODE 6712–10–P PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 FEDERAL COMMUNICATIONS COMMISSION [Report No. 2810] Petitions for Reconsideration of Action in Rulemaking Proceeding April 2, 2007. Petitions for Reconsideration have been filed in the Commission’s Rulemaking proceeding listed in this Public Notice and published pursuant to 47 CFR 1.429(e). The full text of these documents is available for viewing and copying in Room CY–B402, 445 12th Street, SW., Washington, DC or may be purchased from the Commission’s copy contractor, Best Copy and Printing, Inc. (BCPI) (1–800–378–3160). Oppositions to these petitions must be filed by April 26, 2007. See Section 1.4(b)(1) of the Commission’s rules (47 CFR 1.4(b)(1)). Replies to an opposition must be filed within 10 days after the time for filing oppositions have expired. Subject: In the Matter of Amendment of Part 97 of the Commission’s Rules To Implement WRC–03 Regulations Applicable to Requirements for Operator Licenses in the Amateur Radio Service (WT Docket No. 05–235). Number of Petitions Filed: 2. Marlene H. Dortch, Secretary. [FR Doc. E7–6623 Filed 4–10–07; 8:45 am] BILLING CODE 6712–01–P FEDERAL HOUSING FINANCE BOARD [No. 2007–N–06] Proposed Collection; 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 seeking public comments concerning a 3-year extension by the Office of Management and Budget (OMB) of the information collection entitled ‘‘Monthly Survey of Rates and Terms on Conventional, 1-Family, Nonfarm Loans,’’ commonly known as the Monthly Interest Rate Survey or MIRS. OMB has been assigned control 3069– 0001, which is due to expire on July 31, 2007. DATES: Interested persons may submit comments on or before June 11, 2007. Comments: Submit comments only once by any of the following methods: E:\FR\FM\11APN1.SGM 11APN1 Federal Register / Vol. 72, No. 69 / Wednesday, April 11, 2007 / Notices E-mail: comments@fhfb.gov. Fax: 202–408–2580. Mail/Hand Delivery: Federal Housing Finance Board, 1625 Eye Street, NW., Washington, DC 20006, ATTENTION: Public Comments. Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. Include the following information in the subject line of your submission: Federal Housing Finance Board. Proposed Collection; Comment Request: Monthly Interest Rate Survey. 2007–N–06. We will post all public comments we receive on this notice without change, including any personal information you provide, such as your name and address, on the Finance Board Web site at http://www.fhfb.gov/ Default.aspx?Page=93&Top=93. FOR FURTHER INFORMATION CONTACT: David Roderer, Senior Financial Analyst, Risk Monitoring Division, Office of Supervision, by e-mail at rodererj@fhfb.gov, by telephone at 202– 408–2540, or by regular mail at the Federal Housing Finance Board, 1625 Eye Street, NW., Washington DC 20006. SUPPLEMENTARY INFORMATION: cprice-sewell on PRODPC61 with NOTICES A. Need For and Use of Information Collection The Finance Board’s predecessor, the former Federal Home Loan Bank Board (FHLBB), first provided data concerning a survey of mortgage interest rates in 1963. No statutory or regulatory provision explicitly required the FHLBB to conduct the MIRS although references to the MIRS did appear in several federal and state statutes. Responsibility for conducting the MIRS was transferred to the Finance Board upon dissolution of the FHLBB in 1989. See Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), Public Law 101–73, tit. IV, sec. 402(e)(3)–(4), 103 Stat. 183, codified at 12 U.S.C. 1437 note, and tit. VII, sec. 731(f)(1), (f)(2)(B), 103 Stat. 433 (Aug. 9, 1989). In 1993, the Finance Board promulgated a final rule describing the method by which it conducts the MIRS. See 58 FR 19195 (Apr. 13, 1993), codified at 12 CFR 906.3. Since its inception, the MIRS has provided the only consistent source of information on mortgage interest rates and terms and house prices for areas smaller than the entire country. Statutory references to the MIRS include the following: • Pursuant to their respective organic statutes, Fannie Mae and Freddie Mac use the MIRS results as the basis for the annual adjustments to the maximum dollar limits for their purchase of VerDate Aug<31>2005 15:09 Apr 10, 2007 Jkt 211001 conventional mortgages. See 12 U.S.C. 1454(a)(2) and 1717(b)(2). The Fannie Mae and Freddie Mac limits were first tied to the MIRS by the Housing and Community Development Act of 1980. See Public Law 96–399, tit. III, sec. 313(a)–(b), 94 Stat. 1644–1645 (Oct. 8, 1980). At that time, the nearly identical statutes required Fannie Mae and Freddie Mac to base the dollar limit adjustments on ‘‘the national average one-family house price in the monthly survey of all major lenders conducted by the [FHLBB].’’ See 12 U.S.C. 1454(a)(2) and 1717(b)(2) (1989). When Congress abolished the FHLBB in 1989, it replaced the reference to the FHLBB in the Fannie Mae and Freddie Mac statutes with a reference to the Finance Board. See FIRREA, tit. VII, sec. 731(f)(1), (f)(2)(B), 103 Stat. 433. • Also in 1989, Congress required the Chairperson of the Finance Board to take necessary actions to ensure that indices used to calculate the interest rate on adjustable rate mortgages (ARMs) remain available. See FIRREA, tit. IV, sec. 402(e)(3)–(4), 103 Stat. 183, codified at 12 U.S.C. 1437 note. At least one ARM index, known as the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, is derived from the MIRS data. The statute permits the Finance Board to substitute a substantially similar ARM index after notice and comment only if the new ARM index is based upon data substantially similar to that of the original ARM index and substitution of the new ARM index will result in an interest rate substantially similar to the rate in effect at the time the new ARM index replaces the existing ARM index. See 12 U.S.C. 1437 note. • Congress indirectly connected the high cost area limits for mortgages insured by the Federal Housing Administration (FHA) of the Department of Housing and Urban Development to the MIRS in 1994 when it statutorily linked these FHA insurance limits to the purchase price limitations for Fannie Mae. See Public Law 103–327, 108 Stat. 2314 (Sept. 28, 1994), codified at 12 U.S.C. 1709(b)(2)(A)(ii). • The Internal Revenue Service uses the MIRS data in establishing ‘‘safeharbor’’ limitations for mortgages purchased with the proceeds of mortgage revenue bond issues. See 26 CFR 6a.103A–2(f)(5). • Statutes in several states and U.S. territories, including California, Michigan, Minnesota, New Jersey, Wisconsin and the Virgin Islands, refer to, or rely upon, the MIRS. See, e.g., Cal. Civ. Code 1916.7 and 1916.8 (mortgage PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 18247 rates); Iowa Code 534.205 (1995) (real estate loan practices); Mich. Comp. Laws 445.1621(d) (mortgage index rates); Minn. Stat. 92.06 (payments for state land sales); N.J. Rev. Stat. 31:1–1 (interest rates); Wis. Stat. 138.056 (variable loan rates); V.I. Code Ann. tit. 11, sec. 951 (legal rate of interest). The Finance Board uses the information collection to produce the MIRS and for general statistical purposes and program evaluation. Economic policy makers use the MIRS data to determine trends in the mortgage markets, including interest rates, down payments, terms to maturity, terms on ARMs and initial fees and charges on mortgage loans. Other federal banking agencies use the MIRS results for research purposes. Information concerning the MIRS is regularly published on the Finance Board’s Web site (http://www.fhfb.gov/mirs) and in press releases, in the popular trade press, and in publications of other Federal agencies. The likely respondents include a sample of savings associations, mortgage companies, commercial banks, and savings banks. The information collection requires each respondent to complete FHFB Form 10–91 on a monthly basis. The OMB number for the information collection is 3069–0001. The OMB clearance for the information collection expires on July 31, 2007. B. Burden Estimate The Finance Board estimates the total annual number of respondents at 200 with 6 responses per respondent. The estimate for the average hours per response is 30 minutes. The estimate for the total annual hour burden is 600 hours (200 respondents × 6 responses × 0.5 hours). C. Comment Request 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 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. Dated: April 5, 2007. E:\FR\FM\11APN1.SGM 11APN1 18248 Federal Register / Vol. 72, No. 69 / Wednesday, April 11, 2007 / Notices By the Federal Housing Finance Board. Neil R. Crowley, Acting General Counsel. [FR Doc. E7–6823 Filed 4–10–07; 8:45 am] BILLING CODE 6725–01–P FEDERAL MARITIME COMMISSION Notice of Agreements Filed The Commission hereby gives notice of the filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments on agreements 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.: 011223–038. Title: Transpacific Stabilization Agreement. Parties: APL Co. PTE Ltd./American President Lines, Ltd.; CMA–CGM S.A.; COSCO Container Lines Co., Ltd.; Evergreen Line Joint Service Agreement; Hanjin Shipping Co., Ltd.; Hapag-Lloyd AG; Hyundai Merchant Marine Co., Ltd.; Kawasaki Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Ltd.; Nippon Yusen Kaisha; Orient Overseas Container Line Limited; and Yangming Marine Transport Corp. Filing Party: David F. Smith, Esq.; Sher & Blackwell LLP; 1850 M Street, NW., Suite 900, Washington, DC 20036. Synopsis: The amendment would add Mediterranean Shipping Company S.A. as a party to the agreement. Agreement No.: 011928–002. Title: Maersk Line/HLAG Slot Charter Agreement. Parties: A.P. Moller-Maersk A/S trading under the name of Maersk Line and Hapag-Lloyd AG (HLAG). Filing Party: Wayne R. Rohde, Esq., Sher & Blackwell LLP, 1850 M Street, NW., Suite 900, Washington, DC 20036. Synopsis: The amendment deletes North Europe and Jamaica from the geographic scope and would increase the amount of space being sold to HLAG from 150 TEUs to 340 TEUs. Dated: April 6, 2007. By Order of the Federal Maritime Commission. Bryant L. VanBrakle, Secretary. [FR Doc. E7–6857 Filed 4–10–07; 8:45 am] BILLING CODE 6730–01–P FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary License Reissuance Notice is hereby given that the following Ocean Transportation Intermediary license has been reissued by the Federal Maritime Commission pursuant to section 19 of the Shipping Act of 1984 (46 U.S.C. Chapter 409), and the regulations of the Commission pertaining to the licensing of Ocean Transportation Intermediaries, 46 CFR Part 515. License No. Name/address Date reissued 019355NF .......... ABAD Air, Inc., 10411 NW., 28th Street, Suite C–101, Doral, FL 33172 .................................................. December 8, 2006. Sandra L. Kusumoto, Director, Bureau of Certification and Licensing. [FR Doc. E7–6858 Filed 4–10–07; 8:45 am] BILLING CODE 6730–01–P FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary Licenses Correction In the OTI Applicant Notice published in the Federal Register on March 8, 2007 (72 FR 10532) reference to the name of the ASBCO Container Sevices Inc. is corrected to read: ‘‘ASECO Container Services Inc.’’ Dated: April 6, 2007. Bryant L. VanBrakle, Secretary. [FR Doc. E7–6859 Filed 4–10–07; 8:45 am] BILLING CODE 6730–01–P FEDERAL MARITIME COMMISSION cprice-sewell on PRODPC61 with NOTICES Ocean Transportation Intermediary License Revocations The Federal Maritime Commission hereby gives notice that the following Ocean Transportation Intermediary licenses have been revoked pursuant to section 19 of the Shipping Act of 1984 (46 U.S.C. chapter 409) and the VerDate Aug<31>2005 15:09 Apr 10, 2007 Jkt 211001 regulations of the Commission pertaining to the licensing of Ocean Transportation Intermediaries, 46 CFR Part 515, effective on the corresponding date shown below: License Number: 016704F. Name: Candice K. Blankenship. Address: 1025 Wynngate Drive, Chesapeake, VA 23320. Date Revoked: March 15, 2007. Reason: Failed to maintain a valid bond. License Number: 004664F. Name: Cornerstone Logistics Incorporated. Address: 1017 Grandview Drive, So. San Francisco, CA 94080. Date Revoked: March 12, 2007. Reason: Failed to maintain a valid bond. License Number: 018482N. Name: Dolphin Shipping, Inc. Address: 600 E. Ocean Blvd., Ste. 802, Long Beach, CA 90802. Date Revoked: March 17, 2007. Reason: Failed to maintain a valid bond. License Number: 019816F. Name: Eastern Mercantile, Inc. Address: 5232 Settlers Park Drive, Virginia Beach, VA 23464. Date Revoked: March 17, 2007. Reason: Failed to maintain a valid bond. License Number: 019662NF. PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 Name: Hemisphere Cargo Corp. dba H Cargo Lines Address: 10850 Northwest 21st Street, Ste. 100, Miami, FL 33172. Date Revoked: March 17, 2007. Reason: Failed to maintain valid bonds. License Number: 018339NF. Name: International Freight Logistics LLC. Address: 28803 Flower Park Drive, Inglewood, CA 90301. Date Revoked: April 2, 2007. Reason: Surrendered license voluntarily. License Number: 020480NF. Name: New Horizon Shipping, Inc. Address: 30251 Golden Lantern, Ste. E–#207, Laguna Niguel, CA 92677. Date Revoked: March 13, 2007. Reason: Surrendered license voluntarily. License Number: 018818N. Name: Ramses Logistics USA, Inc. Address: 18726 S. Western Ave., Ste. 317, Gardena, CA 90248. Date Revoked: March 17, 2007. Reason: Failed to maintain a valid bond. License Number: 015262N. Name: Triton Forwarding, Inc. Address: 3080 Bristol Street, Ste. 610, Costa Mesa, CA 92626. Date Revoked: March 14, 2007. Reason: Failed to maintain a valid bond. E:\FR\FM\11APN1.SGM 11APN1

Agencies

[Federal Register Volume 72, Number 69 (Wednesday, April 11, 2007)]
[Notices]
[Pages 18246-18248]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-6823]


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FEDERAL HOUSING FINANCE BOARD

[No. 2007-N-06]


Proposed Collection; 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 
seeking public comments concerning a 3-year extension by the Office of 
Management and Budget (OMB) of the information collection entitled 
``Monthly Survey of Rates and Terms on Conventional, 1-Family, Nonfarm 
Loans,'' commonly known as the Monthly Interest Rate Survey or MIRS. 
OMB has been assigned control 3069-0001, which is due to expire on July 
31, 2007.

DATES: Interested persons may submit comments on or before June 11, 
2007.
    Comments: Submit comments only once by any of the following 
methods:

[[Page 18247]]

    E-mail: comments@fhfb.gov.
    Fax: 202-408-2580.
    Mail/Hand Delivery: Federal Housing Finance Board, 1625 Eye Street, 
NW., Washington, DC 20006, ATTENTION: Public Comments.
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
instructions for submitting comments. Include the following information 
in the subject line of your submission: Federal Housing Finance Board. 
Proposed Collection; Comment Request: Monthly Interest Rate Survey. 
2007-N-06.
    We will post all public comments we receive on this notice without 
change, including any personal information you provide, such as your 
name and address, on the Finance Board Web site at http://www.fhfb.gov/
Default.aspx?Page=93&Top=93.

FOR FURTHER INFORMATION CONTACT: David Roderer, Senior Financial 
Analyst, Risk Monitoring Division, Office of Supervision, by e-mail at 
rodererj@fhfb.gov, by telephone at 202-408-2540, or by regular mail at 
the Federal Housing Finance Board, 1625 Eye Street, NW., Washington DC 
20006.

SUPPLEMENTARY INFORMATION:

A. Need For and Use of Information Collection

    The Finance Board's predecessor, the former Federal Home Loan Bank 
Board (FHLBB), first provided data concerning a survey of mortgage 
interest rates in 1963. No statutory or regulatory provision explicitly 
required the FHLBB to conduct the MIRS although references to the MIRS 
did appear in several federal and state statutes. Responsibility for 
conducting the MIRS was transferred to the Finance Board upon 
dissolution of the FHLBB in 1989. See Financial Institutions Reform, 
Recovery and Enforcement Act of 1989 (FIRREA), Public Law 101-73, tit. 
IV, sec. 402(e)(3)-(4), 103 Stat. 183, codified at 12 U.S.C. 1437 note, 
and tit. VII, sec. 731(f)(1), (f)(2)(B), 103 Stat. 433 (Aug. 9, 1989). 
In 1993, the Finance Board promulgated a final rule describing the 
method by which it conducts the MIRS. See 58 FR 19195 (Apr. 13, 1993), 
codified at 12 CFR 906.3. Since its inception, the MIRS has provided 
the only consistent source of information on mortgage interest rates 
and terms and house prices for areas smaller than the entire country.
    Statutory references to the MIRS include the following:
     Pursuant to their respective organic statutes, Fannie Mae 
and Freddie Mac use the MIRS results as the basis for the annual 
adjustments to the maximum dollar limits for their purchase of 
conventional mortgages. See 12 U.S.C. 1454(a)(2) and 1717(b)(2). The 
Fannie Mae and Freddie Mac limits were first tied to the MIRS by the 
Housing and Community Development Act of 1980. See Public Law 96-399, 
tit. III, sec. 313(a)-(b), 94 Stat. 1644-1645 (Oct. 8, 1980). At that 
time, the nearly identical statutes required Fannie Mae and Freddie Mac 
to base the dollar limit adjustments on ``the national average one-
family house price in the monthly survey of all major lenders conducted 
by the [FHLBB].'' See 12 U.S.C. 1454(a)(2) and 1717(b)(2) (1989). When 
Congress abolished the FHLBB in 1989, it replaced the reference to the 
FHLBB in the Fannie Mae and Freddie Mac statutes with a reference to 
the Finance Board. See FIRREA, tit. VII, sec. 731(f)(1), (f)(2)(B), 103 
Stat. 433.
     Also in 1989, Congress required the Chairperson of the 
Finance Board to take necessary actions to ensure that indices used to 
calculate the interest rate on adjustable rate mortgages (ARMs) remain 
available. See FIRREA, tit. IV, sec. 402(e)(3)-(4), 103 Stat. 183, 
codified at 12 U.S.C. 1437 note. At least one ARM index, known as the 
National Average Contract Mortgage Rate for the Purchase of Previously 
Occupied Homes by Combined Lenders, is derived from the MIRS data. The 
statute permits the Finance Board to substitute a substantially similar 
ARM index after notice and comment only if the new ARM index is based 
upon data substantially similar to that of the original ARM index and 
substitution of the new ARM index will result in an interest rate 
substantially similar to the rate in effect at the time the new ARM 
index replaces the existing ARM index. See 12 U.S.C. 1437 note.
     Congress indirectly connected the high cost area limits 
for mortgages insured by the Federal Housing Administration (FHA) of 
the Department of Housing and Urban Development to the MIRS in 1994 
when it statutorily linked these FHA insurance limits to the purchase 
price limitations for Fannie Mae. See Public Law 103-327, 108 Stat. 
2314 (Sept. 28, 1994), codified at 12 U.S.C. 1709(b)(2)(A)(ii).
     The Internal Revenue Service uses the MIRS data in 
establishing ``safe-harbor'' limitations for mortgages purchased with 
the proceeds of mortgage revenue bond issues. See 26 CFR 6a.103A-
2(f)(5).
     Statutes in several states and U.S. territories, including 
California, Michigan, Minnesota, New Jersey, Wisconsin and the Virgin 
Islands, refer to, or rely upon, the MIRS. See, e.g., Cal. Civ. Code 
1916.7 and 1916.8 (mortgage rates); Iowa Code 534.205 (1995) (real 
estate loan practices); Mich. Comp. Laws 445.1621(d) (mortgage index 
rates); Minn. Stat. 92.06 (payments for state land sales); N.J. Rev. 
Stat. 31:1-1 (interest rates); Wis. Stat. 138.056 (variable loan 
rates); V.I. Code Ann. tit. 11, sec. 951 (legal rate of interest).
    The Finance Board uses the information collection to produce the 
MIRS and for general statistical purposes and program evaluation. 
Economic policy makers use the MIRS data to determine trends in the 
mortgage markets, including interest rates, down payments, terms to 
maturity, terms on ARMs and initial fees and charges on mortgage loans. 
Other federal banking agencies use the MIRS results for research 
purposes. Information concerning the MIRS is regularly published on the 
Finance Board's Web site (http://www.fhfb.gov/mirs) and in press 
releases, in the popular trade press, and in publications of other 
Federal agencies.
    The likely respondents include a sample of savings associations, 
mortgage companies, commercial banks, and savings banks. The 
information collection requires each respondent to complete FHFB Form 
10-91 on a monthly basis.
    The OMB number for the information collection is 3069-0001. The OMB 
clearance for the information collection expires on July 31, 2007.

B. Burden Estimate

    The Finance Board estimates the total annual number of respondents 
at 200 with 6 responses per respondent. The estimate for the average 
hours per response is 30 minutes. The estimate for the total annual 
hour burden is 600 hours (200 respondents x 6 responses x 0.5 hours).

C. Comment Request

    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 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.

    Dated: April 5, 2007.


[[Page 18248]]


    By the Federal Housing Finance Board.
Neil R. Crowley,
Acting General Counsel.
[FR Doc. E7-6823 Filed 4-10-07; 8:45 am]
BILLING CODE 6725-01-P