Proposed Collection; Comment Request, 25538-25539 [E9-12401]

Download as PDF 25538 Federal Register / Vol. 74, No. 101 / Thursday, May 28, 2009 / Notices subject to the statutory and regulatory requirements. Section 926.6 (12 CFR 926.6) permits an applicant to appeal a Bank decision to deny certification to the FHFA. 12 CFR part 950, specifically section 950.17 (12 CFR 950.17), establishes the terms and conditions under which a Bank may make advances to a certified housing associate. Section 950.17 also imposes a continuing obligation on a housing associate to provide information necessary to determine if it remains in compliance with applicable statutory and regulatory requirements. The information collection contained in sections 926.1 through 926.6 and section 950.17 (12 CFR 926.1–926.6 and 950.17) is necessary to enable the Banks to determine whether an applicant satisfies the statutory and regulatory requirements to be certified initially and maintain its status as a housing associate eligible to receive Bank advances. The FHFA requires and uses the information collection to determine whether to uphold or overrule a Bank decision to deny housing associate certification to an applicant. The OMB control number for the information collection, which expires on June 30, 2009, is 2590–0001. The likely respondents include applicants for housing associate certification and current housing associates. B. Burden Estimate The FHFA estimates the total annual average number of applicants at one, with one response per applicant. The estimate for the average hours per application is 15 hours. The estimate for the annual hour burden for applicants is 15 hours (1 applicant × 1 response per applicant × 15 hours). The FHFA estimates the total annual average number of maintenance respondents, that is, certified housing associates, at 65, with 1 response per housing associate. The estimate for the average hours per maintenance response is one hour. The estimate for the annual hour burden for certified housing associates is 65 hours (65 certified housing associates × 1 response per associate × 1 hour). The estimate for the total annual hour burden is 80 hours (65 housing associates × 1 response per associate × 1 hour + 1 applicant × 1 response per applicant × 15 hours). C. Comment Request In accordance with 5 CFR 1320.8(d), the FHFA published a request for public comments regarding this information collection in the Federal Register on December 29, 2008. See 73 FR 79484 (December 29, 2008). The 60-day VerDate Nov<24>2008 17:11 May 27, 2009 Jkt 217001 comment period closed on February 27, 2009. The FHFA received no public comments. Written comments are requested on: (1) Whether the collection of information is necessary for the proper performance of FHFA functions, including whether the information has practical utility; (2) the accuracy of the FHFA 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 applicants and housing associates, including through the use of automated collection techniques or other forms of information technology. Comments may be submitted to OMB in writing at the address listed above. Dated: May 21, 2009. James B. Lockhart III, Director, Federal Housing Finance Agency. [FR Doc. E9–12398 Filed 5–27–09; 8:45 am] BILLING CODE 8070–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2009–N–05] Proposed Collection; Comment Request AGENCY: Federal Housing Finance Agency. ACTION: 60-Day notice of submission of information collection for approval from the Office of Management and Budget. SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995, the Federal Housing Finance Agency (FHFA) is seeking public comments concerning a currently approved information collection known as ‘‘Federal Home Loan Bank Acquired Member Assets, Core Mission Activities, Investments and Advances,’’ which has been assigned control 2590–0008 by the Office of Management and Budget (OMB). The FHFA intends to submit the information collection to OMB for review and approval of a three year extension of the control number, which is due to expire on August 31, 2009. DATES: Interested persons may submit comments on or before July 27, 2009. Comments: Submit comments to the FHFA using any one of the following methods: E-mail: regcomments@fhfa.gov. Please include Proposed Collection; Comment Request: Federal Home Loan Bank Acquired Member Assets, Core Mission Activities, Investments and Advances PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 (No. 2009–N–05) in the subject line of the message. Mail/Hand Delivery: Federal Housing Finance Agency, Fourth Floor, 1700 G Street NW., Washington, DC 20552, ATTENTION: Public Comments/ Proposed Collection; Comment Request: Federal Home Loan Bank Acquired Member Assets, Core Mission Activities, Investments and Advances (No. 2009– N–05). Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. We will post all public comments we receive without change, including any personal information you provide, such as your name and address, on the FHFA Web site at http://www.fhfa.gov. FOR FURTHER INFORMATION CONTACT: David L. Roderer, Senior Financial Analyst at 202–408–2540 (not a toll-free number), david.l.roderer@fhfa.gov. The telephone number for the Telecommunications Device for the Deaf is 800–877–8339. SUPPLEMENTARY INFORMATION: A. Need for and Use of the Information Collection The FHFA has authorized the Federal Home Loan Banks (Banks) to acquire mortgage loans and other assets from their members or housing associates under certain 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 FHFA certain loan-level data on a quarterly basis. The reporting requirements, which previously were in 12 CFR part 955 (specifically, section 955.4 and Appendices A and B), currently are contained in the FHFA Data Reporting Manual. The FHFA 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 FHFA, 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 FHFA requires in order to do business with the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) under regulatory requirements issued by the Department of Housing and Urban E:\FR\FM\28MYN1.SGM 28MYN1 Federal Register / Vol. 74, No. 101 / Thursday, May 28, 2009 / Notices Development (HUD) and pursuant to the information collection requirements under the Home Mortgage Disclosure Act (HMDA). Thus, the FHFA’s information collection imposes only a minor incremental additional burden on Bank members and housing associates. The OMB control number for the information collection, which expires on August 31, 2009, is 2590–0008. The likely respondents are institutions that sell AMA assets to Banks. B. Burden Estimate The FHFA estimates that the hour burden associated with the AMA collection is little changed. More institutions are participating in the AMA program, but the average report size has gone down dramatically. The FHFA estimates the total annual average number of respondents at 750, with 4 responses per respondent. The estimate for the average hours per response is 12 hours. The estimate for the total annual hour burden is 36,000 hours (750 respondents × 4 responses per respondent × 12 hours). Bank members could incur additional one-time costs to be able to collect and report additional loan-level data elements. The FHFA estimates this additional, one-time cost at $150,000 ($2,000 × 750 members). C. Comment Request The FHFA requests written comments on the following: (1) Whether the collection of information is necessary for the proper performance of FHFA functions, including whether the information has practical utility; (2) the accuracy of the FHFA 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, including through the use of automated collection techniques or other forms of information technology. Dated: May 21, 2009. James B. Lockhart III, Director, Federal Housing Finance Agency. [FR Doc. E9–12401 Filed 5–27–09; 8:45 am] BILLING CODE 8070–01–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 VerDate Nov<24>2008 17:11 May 27, 2009 Jkt 217001 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 June 11, 2009. A. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Robb B. Kahl, Monona, Wisconsin; as trustee of the Glenn A. Solsrud Revocable Trust Concerning Caprice Corporation, to acquire voting shares of Caprice Corporation, Augusta, Wisconsin, and thereby indirectly acquire voting shares of Unity Bank North, Red Lake Falls, Minnesota. 2. Robb B. Kahl, Monona, Wisconsin; as trustee of the Glenn A. Solsrud Revocable Trust Concerning Augusta Financial Corporation, to acquire voting shares of Augusta Financial Corporation, and thereby indirectly acquire voting shares of Unity Bank, both of Augusta, Wisconsin. Board of Governors of the Federal Reserve System, May 22, 2009. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. E9–12378 Filed 5–27–09; 8:45 am] BILLING CODE 6210–01–S 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 the 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 the agreements are available through the Commission’s Web site (http:// www.fmc.gov) or by contacting the Office of Agreements at (202)–523–5793 or tradeanalysis@fmc.gov. Agreement No.: 010099–050. Title: International Council of Containership Operators. Parties: A.P. Moller-Maersk A/S; Atlantic Container Line AB; China Shipping Container Lines Co., Ltd.; PO 00000 Frm 00061 Fmt 4703 Sfmt 4703 25539 ˜´ CMA CGM, S.A.; Companıa Chilena de ´ ´ Navegacion Interoceanica S.A.; Compania SudAmericana de Vapores S.A.; COSCO Container Lines Co. Ltd; Crowley Maritime Corporation; Evergreen Marine Corporation (Taiwan), ¨ Ltd.; Hamburg-Sud KG; Hanjin Shipping Co., Ltd.; Hapag-Lloyd AG; Hyundai Merchant Marine Co., Ltd.; Kawasaki Kisen Kaisha, Ltd.; MISC Berhad; Mediterranean Shipping Co. S.A.; Mitsui O.S.K. Lines, Ltd.; Neptune Orient Lines, Ltd.; Nippon Yusen Kaisha; Orient Overseas Container Line, Ltd.; Pacific International Lines (Pte) Ltd.; United Arab Shipping Company (S.A.G.); Wan Hai Lines Ltd.; Yang Ming Transport Marine Corp.; and Zim Integrated Shipping Services Ltd. Filing Party: John Longstreth, Esq.; K & L Gates LLP; 1601 K Street NW.; Washington, DC 20006–1600. Synopsis: The amendment clarifies the Agreement’s purpose and authority without granting new substantive authority and designates that an executive committee may be established. Agreement No.: 011584–007. Title: NYK/WWL/NSCSA Cooperative Working Agreement. Parties: Nippon Yusen Kaisha; Wallenius Wilhelmsen Logistics AS; and National Shipping Company of Saudi Arabia. Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment would add Hoegh Autoliners AS as a party to the Agreement, delete countries in the European Union from the geographic scope, update the address of NSCSA, and restate the agreement. By Order of the Federal Maritime Commission. Dated: May 22, 2009. Karen V. Gregory, Secretary. [FR Doc. E9–12415 Filed 5–27–09; 8:45 am] BILLING CODE;P FEDERAL MARITIME COMMISSION Ocean Transportation Intermediary License Applicants Notice is hereby given that the following applicants have filed with the Federal Maritime Commission an application for license as a Non-VesselOperating Common Carrier and Ocean Freight Forwarder—Ocean Transportation Intermediary pursuant to section 19 of the Shipping Act of 1984 as amended (46 U.S.C. Chapter 409 and 46 CFR part 515). E:\FR\FM\28MYN1.SGM 28MYN1

Agencies

[Federal Register Volume 74, Number 101 (Thursday, May 28, 2009)]
[Notices]
[Pages 25538-25539]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-12401]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2009-N-05]


Proposed Collection; Comment Request

AGENCY: Federal Housing Finance Agency.

ACTION: 60-Day notice of submission of information collection for 
approval from the Office of Management and Budget.

-----------------------------------------------------------------------

SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995, the Federal Housing Finance Agency (FHFA) is seeking 
public comments concerning a currently approved information collection 
known as ``Federal Home Loan Bank Acquired Member Assets, Core Mission 
Activities, Investments and Advances,'' which has been assigned control 
2590-0008 by the Office of Management and Budget (OMB). The FHFA 
intends to submit the information collection to OMB for review and 
approval of a three year extension of the control number, which is due 
to expire on August 31, 2009.

DATES: Interested persons may submit comments on or before July 27, 
2009.
    Comments: Submit comments to the FHFA using any one of the 
following methods:
    E-mail: regcomments@fhfa.gov. Please include Proposed Collection; 
Comment Request: Federal Home Loan Bank Acquired Member Assets, Core 
Mission Activities, Investments and Advances (No. 2009-N-05) in the 
subject line of the message.
    Mail/Hand Delivery: Federal Housing Finance Agency, Fourth Floor, 
1700 G Street NW., Washington, DC 20552, ATTENTION: Public Comments/
Proposed Collection; Comment Request: Federal Home Loan Bank Acquired 
Member Assets, Core Mission Activities, Investments and Advances (No. 
2009-N-05).
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
instructions for submitting comments.
    We will post all public comments we receive without change, 
including any personal information you provide, such as your name and 
address, on the FHFA Web site at http://www.fhfa.gov.

FOR FURTHER INFORMATION CONTACT: David L. Roderer, Senior Financial 
Analyst at 202-408-2540 (not a toll-free number), 
david.l.roderer@fhfa.gov. The telephone number for the 
Telecommunications Device for the Deaf is 800-877-8339.

SUPPLEMENTARY INFORMATION: 

A. Need for and Use of the Information Collection

    The FHFA has authorized the Federal Home Loan Banks (Banks) to 
acquire mortgage loans and other assets from their members or housing 
associates under certain 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 FHFA certain loan-level data on a 
quarterly basis. The reporting requirements, which previously were in 
12 CFR part 955 (specifically, section 955.4 and Appendices A and B), 
currently are contained in the FHFA Data Reporting Manual. The FHFA 
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 FHFA, 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 FHFA requires in order to do business with the 
Federal National Mortgage Association (Fannie Mae) and the Federal Home 
Loan Mortgage Corporation (Freddie Mac) under regulatory requirements 
issued by the Department of Housing and Urban

[[Page 25539]]

Development (HUD) and pursuant to the information collection 
requirements under the Home Mortgage Disclosure Act (HMDA). Thus, the 
FHFA's information collection imposes only a minor incremental 
additional burden on Bank members and housing associates.
    The OMB control number for the information collection, which 
expires on August 31, 2009, is 2590-0008. The likely respondents are 
institutions that sell AMA assets to Banks.

B. Burden Estimate

    The FHFA estimates that the hour burden associated with the AMA 
collection is little changed. More institutions are participating in 
the AMA program, but the average report size has gone down 
dramatically. The FHFA estimates the total annual average number of 
respondents at 750, with 4 responses per respondent. The estimate for 
the average hours per response is 12 hours. The estimate for the total 
annual hour burden is 36,000 hours (750 respondents x 4 responses per 
respondent x 12 hours).
    Bank members could incur additional one-time costs to be able to 
collect and report additional loan-level data elements. The FHFA 
estimates this additional, one-time cost at $150,000 ($2,000 x 750 
members).

C. Comment Request

    The FHFA requests written comments on the following: (1) Whether 
the collection of information is necessary for the proper performance 
of FHFA functions, including whether the information has practical 
utility; (2) the accuracy of the FHFA 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, including through the use of 
automated collection techniques or other forms of information 
technology.

    Dated: May 21, 2009.
James B. Lockhart III,
Director, Federal Housing Finance Agency.
[FR Doc. E9-12401 Filed 5-27-09; 8:45 am]
BILLING CODE 8070-01-P