Proposed Collection; Comment Request, 40834-40835 [2010-17121]

Download as PDF 40834 Federal Register / Vol. 75, No. 134 / Wednesday, July 14, 2010 / Notices Federal Communications Commission. Marlene H. Dortch, Secretary, Office of the Secretary, Office of Managing Director. Corporation’s Board of Directors met in open session at 10:35 a.m. on Monday, July 12, 2010, to consider the following matters: Disposition of minutes of previous Board of Directors’ Meetings. SUMMARY AGENDA: [FR Doc. 2010–17227 Filed 7–12–10; 11:15 am] BILLING CODE 6712–01–S Memorandum and resolution re: Information Sharing Memorandum of Understanding. In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director Thomas J. Curry (Appointive), concurred in by Director John E. Bowman (Acting Director, Office of Thrift Supervision), Director John C. Dugan (Comptroller of the Currency), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matters on less than seven days’ notice to the public; and that no earlier notice of the meeting than that previously provided on July 6, 2010, was practicable. The meeting was held in the Board Room on the sixth floor of the FDIC Building located at 550 17th Street, NW., Washington, DC. PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. Shawn Woodhead Werth, Secretary and Clerk of the Commission. [FR Doc. 2010–17079 Filed 7–13–10; 8:45 am] BILLING CODE 6715–01–M DISCUSSION AGENDA: FEDERAL DEPOSIT INSURANCE CORPORATION Sunshine Act Meeting Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that at 11:10 a.m. on Monday, July 12, 2010, the Board of Directors of the Federal Deposit Insurance Corporation met in closed session to consider matters related to the Corporation’s supervision and resolution activities. In calling the meeting, the Board determined, on motion of Vice Chairman Martin J. Gruenberg, seconded by Director John E. Bowman (Acting Director, Office of Thrift Supervision), concurred in by Director Thomas J. Curry (Appointive), Director John C. Dugan (Comptroller of the Currency), and Chairman Sheila C. Bair, that Corporation business required its consideration of the matters which were to be the subject of this meeting on less than seven days’ notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be considered in a closed meeting by authority of subsections (c)(2), (c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10) of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b(c)(2), (c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10)). The meeting was held in the Board Room of the FDIC Building located at 550 17th Street, NW., Washington, DC. Dated: July 12, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2010–17304 Filed 7–12–10; 4:15 pm] BILLING P FEDERAL ELECTION COMMISSION Sunshine Act Notices AGENCY: Federal Election Commission. DATE AND TIME: Thursday, July 15, 2010, at 10 a.m. PLACE: 999 E Street, NW., Washington, DC (Ninth Floor). STATUS: This meeting will be open to the public. The following item has been added to the agenda for the above-captioned open meeting: Dated: July 12, 2010. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2010–17303 Filed 7–12–10; 4:15 pm] emcdonald on DSK2BSOYB1PROD with NOTICES BILLING CODE 6714–01–P Report of the Audit Division on Biden for President, Inc. FEDERAL DEPOSIT INSURANCE CORPORATION Individuals who plan to attend and require special assistance, such as sign language interpretation or other reasonable accommodations, should contact Darlene Harris, Deputy Commission Secretary, at (202) 694– 1040, at least 72 hours prior to the hearing date. Sunshine Act Meeting Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance VerDate Mar<15>2010 16:07 Jul 13, 2010 Jkt 220001 PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 FEDERAL HOUSING FINANCE AGENCY [No. 2010–N–08] Proposed Collection; Comment Request AGENCY: Federal Housing Finance Agency. ACTION: 30-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 the information collection known as ‘‘Capital Requirements for the Federal Home Loan Banks,’’ which has been assigned control number 2590–0002 by the Office of Management and Budget (OMB). FHFA will 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 July 31, 2010. DATES: Interested persons may submit comments on or before August 13, 2010. 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 Agency, Washington, DC 20503, Fax: 202–395– 6974, E-mail: OIRA_Submission@omb.eop.gov. Please also submit comments to FHFA using any one of the following methods: • E-mail: RegComments@fhfa.gov. Please include Proposed Collection; Comment Request: ‘‘Capital Requirements for the Federal Home Loan Banks, (No. 2010–N–08)’’ in the subject line of the message. • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by e-mail to FHFA at RegComments@fhfa.gov to ensure timely receipt by the agency. Please include Proposed Collection; Comment Request: ‘‘Capital Requirements for the Federal Home Loan Banks, (No. 2010– COMMENTS: E:\FR\FM\14JYN1.SGM 14JYN1 Federal Register / Vol. 75, No. 134 / Wednesday, July 14, 2010 / Notices N–08)’’ in the subject line of the message. • U.S Mail/Hand Delivery: Federal Housing Finance Agency, Fourth Floor, 1700 G Street NW., Washington, DC 20552, ATTENTION: Proposed Collection Public Comment Request: ‘‘Capital Requirements for the Federal Home Loan Banks, (No. 2010–N–08).’’ 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 https://www.fhfa.gov. In addition, copies of all comments received will be available for examination by the public on business days between the hours of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., Washington, DC 20552. To make an appointment to inspect comments, please call the Office of General Counsel at 202–414–6924. accordance with the Bank’s capital plan under part 933. The Banks use the information collection to determine the amount of capital stock a member must purchase to maintain membership in and to obtain services from a Bank. More specifically, the provisions of §§ 931.3 and 933.2(a) authorize a Bank to offer its members several options to satisfy a membership investment in capital stock and an activity-based stock purchase requirement. The information collection is necessary to provide the Banks with the flexibility to meet the statutory and regulatory capital structure requirements while allowing Bank members to choose the option best suited to their business requirements. The OMB control number for the information collection is 2590–0002. The OMB clearance for the information collection expires on July 31, 2010. The likely respondents include Banks and Bank members. FOR FURTHER INFORMATION CONTACT: Jonathan F. Curtis, Financial Analyst, Division of Federal Home Loan Bank Regulation, by telephone at 202–408– 2866 (not a toll free number), by e-mail at jonathan.curtisj@fhfa.gov, or by regular mail at the Federal Housing Finance Agency, 1625 Eye Street NW., Washington, DC 20006. The telephone number for the Telecommunications Device for the Deaf is 800–877–8339. B. Burden Estimate While the number of member respondents has remained essentially the same, the overall burden on members of the Banks has decreased because of more accurate calculations. The estimate for the total annual hour burden for all member respondents is 3,023 hours. The estimate for the total annual cost burden for member respondents is $123,943. These estimates are based on the following calculations: FHFA estimates the total annual average number of activity-based stock purchase requirement for member respondents at 28,080 (108 daily borrowers x 260 working days, x 1 response per respondent). The estimate for the average hours per response is 0.05 hours. The estimate for the annual hour burden for activity-based stock purchase requirement member respondents is 1,404 hours (108 daily borrowers x 260 working days, x 1 response x 0.05 hours). The estimate for the annual cost burden for member respondents is $57,564 (1,404 hours x $41 hourly rate). FHFA estimates the total annual average number of investment in capital stock membership maintenance respondents at 32,372 (8,093 with 4 responses per respondent). The estimate for the average hours per response is 0.05 hours. The estimate for the annual hour burden for membership maintenance investment in capital stock respondents is 1,619 hours (8,093 membership respondents x 4 responses per year x 0.05 hours per response). The estimate for the annual cost burden $66,379 (1,619 hours x $41 hourly rate). SUPPLEMENTARY INFORMATION: emcdonald on DSK2BSOYB1PROD with NOTICES A. Need For and Use of the Information Collection Section 6 of the Federal Home Loan Bank Act (Bank Act) establishes the capital structure for the Federal Home Loan Banks (Banks) and requires FHFA to issue regulations prescribing uniform capital standards applicable to each Bank.1 Parts 930, 931, 932, and 933 of title 12, Code of Federal Regulations implement the statutory capital structure for the Banks. Part 930 establishes definitions applicable to risk management and the capital regulations; part 931 concerns Bank capital stock; part 932 establishes Bank capital requirements; and part 933 sets forth the requirements for Bank capital structure plans. The provisions of part 931 provide that a Bank must require its members to maintain a minimum investment in the capital stock of the Bank as a condition to becoming and remaining a member of the Bank and as a condition to transacting business with the Bank or obtaining advances from the Bank. The amount of the required minimum investment is determined in 1 12 U.S.C. 1426. VerDate Mar<15>2010 16:07 Jul 13, 2010 Jkt 220001 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 40835 C. Comment Request In accordance with the requirements of 5 CFR 1320.8(d), FHFA published a request for public comments regarding this information collection in the Federal Register on March 29, 2010. See 75 FR 15431 (Mar. 29, 2010). The 60-day comment period closed on May 28, 2010. No public comments were received. 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 FHFA’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: July 6, 2010. Edward J. DeMarco, Acting Director, Federal Housing Finance Agency. [FR Doc. 2010–17121 Filed 7–13–10; 8:45 am] BILLING CODE 8070–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2010–N–09] Proposed Collection; Comment Request AGENCY: Federal Housing Finance Agency. ACTION: 30-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 the information collection known as ‘‘Members of the Banks,’’ which has been assigned control number 2590– 0003 by the Office of Management and Budget (OMB). FHFA will 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 July 31, 2010. DATES: Interested persons may submit comments on or before August 13, 2010. Comments: 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 Agency, E:\FR\FM\14JYN1.SGM 14JYN1

Agencies

[Federal Register Volume 75, Number 134 (Wednesday, July 14, 2010)]
[Notices]
[Pages 40834-40835]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-17121]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2010-N-08]


Proposed Collection; Comment Request

AGENCY: Federal Housing Finance Agency.

ACTION: 30-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 the information collection known as 
``Capital Requirements for the Federal Home Loan Banks,'' which has 
been assigned control number 2590-0002 by the Office of Management and 
Budget (OMB). FHFA will 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 July 31, 2010.

DATES: Interested persons may submit comments on or before August 13, 
2010.

COMMENTS: 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 Agency, Washington, DC 20503, Fax: 202-
395-6974, E-mail: OIRA_Submission@omb.eop.gov. Please also submit 
comments to FHFA using any one of the following methods:
     E-mail: RegComments@fhfa.gov. Please include Proposed 
Collection; Comment Request: ``Capital Requirements for the Federal 
Home Loan Banks, (No. 2010-N-08)'' in the subject line of the message.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments. If you submit your 
comment to the Federal eRulemaking Portal, please also send it by e-
mail to FHFA at RegComments@fhfa.gov to ensure timely receipt by the 
agency. Please include Proposed Collection; Comment Request: ``Capital 
Requirements for the Federal Home Loan Banks, (No. 2010-

[[Page 40835]]

N-08)'' in the subject line of the message.
     U.S Mail/Hand Delivery: Federal Housing Finance Agency, 
Fourth Floor, 1700 G Street NW., Washington, DC 20552, ATTENTION: 
Proposed Collection Public Comment Request: ``Capital Requirements for 
the Federal Home Loan Banks, (No. 2010-N-08).''
    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 https://www.fhfa.gov. In addition, 
copies of all comments received will be available for examination by 
the public on business days between the hours of 10 a.m. and 3 p.m., at 
the Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., 
Washington, DC 20552. To make an appointment to inspect comments, 
please call the Office of General Counsel at 202-414-6924.

FOR FURTHER INFORMATION CONTACT: Jonathan F. Curtis, Financial Analyst, 
Division of Federal Home Loan Bank Regulation, by telephone at 202-408-
2866 (not a toll free number), by e-mail at jonathan.curtisj@fhfa.gov, 
or by regular mail at the Federal Housing Finance Agency, 1625 Eye 
Street NW., Washington, DC 20006. 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

    Section 6 of the Federal Home Loan Bank Act (Bank Act) establishes 
the capital structure for the Federal Home Loan Banks (Banks) and 
requires FHFA to issue regulations prescribing uniform capital 
standards applicable to each Bank.\1\ Parts 930, 931, 932, and 933 of 
title 12, Code of Federal Regulations implement the statutory capital 
structure for the Banks. Part 930 establishes definitions applicable to 
risk management and the capital regulations; part 931 concerns Bank 
capital stock; part 932 establishes Bank capital requirements; and part 
933 sets forth the requirements for Bank capital structure plans. The 
provisions of part 931 provide that a Bank must require its members to 
maintain a minimum investment in the capital stock of the Bank as a 
condition to becoming and remaining a member of the Bank and as a 
condition to transacting business with the Bank or obtaining advances 
from the Bank. The amount of the required minimum investment is 
determined in accordance with the Bank's capital plan under part 933.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 1426.
---------------------------------------------------------------------------

    The Banks use the information collection to determine the amount of 
capital stock a member must purchase to maintain membership in and to 
obtain services from a Bank. More specifically, the provisions of 
Sec. Sec.  931.3 and 933.2(a) authorize a Bank to offer its members 
several options to satisfy a membership investment in capital stock and 
an activity-based stock purchase requirement. The information 
collection is necessary to provide the Banks with the flexibility to 
meet the statutory and regulatory capital structure requirements while 
allowing Bank members to choose the option best suited to their 
business requirements.
    The OMB control number for the information collection is 2590-0002. 
The OMB clearance for the information collection expires on July 31, 
2010. The likely respondents include Banks and Bank members.

B. Burden Estimate

    While the number of member respondents has remained essentially the 
same, the overall burden on members of the Banks has decreased because 
of more accurate calculations. The estimate for the total annual hour 
burden for all member respondents is 3,023 hours. The estimate for the 
total annual cost burden for member respondents is $123,943. These 
estimates are based on the following calculations:
    FHFA estimates the total annual average number of activity-based 
stock purchase requirement for member respondents at 28,080 (108 daily 
borrowers x 260 working days, x 1 response per respondent). The 
estimate for the average hours per response is 0.05 hours. The estimate 
for the annual hour burden for activity-based stock purchase 
requirement member respondents is 1,404 hours (108 daily borrowers x 
260 working days, x 1 response x 0.05 hours). The estimate for the 
annual cost burden for member respondents is $57,564 (1,404 hours x $41 
hourly rate).
    FHFA estimates the total annual average number of investment in 
capital stock membership maintenance respondents at 32,372 (8,093 with 
4 responses per respondent). The estimate for the average hours per 
response is 0.05 hours. The estimate for the annual hour burden for 
membership maintenance investment in capital stock respondents is 1,619 
hours (8,093 membership respondents x 4 responses per year x 0.05 hours 
per response). The estimate for the annual cost burden $66,379 (1,619 
hours x $41 hourly rate).

C. Comment Request

    In accordance with the requirements of 5 CFR 1320.8(d), FHFA 
published a request for public comments regarding this information 
collection in the Federal Register on March 29, 2010. See 75 FR 15431 
(Mar. 29, 2010). The 60-day comment period closed on May 28, 2010. No 
public comments were received.
    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 FHFA'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: July 6, 2010.
Edward J. DeMarco,
Acting Director, Federal Housing Finance Agency.
[FR Doc. 2010-17121 Filed 7-13-10; 8:45 am]
BILLING CODE 8070-01-P
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