Proposed Collection; Comment Request, 40835-40837 [2010-17122]

Download as PDF 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 40836 Federal Register / Vol. 75, No. 134 / Wednesday, July 14, 2010 / Notices 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: ‘‘Members of the Banks, (No. 2010–N–09)’’ 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: ‘‘Members of the Banks, (No. 2010–N–09)’’ 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: Public Comments/ Proposed Collection; Comment Request: ‘‘Members of the Banks, (No. 2010–N– 09).’’ 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: emcdonald on DSK2BSOYB1PROD with NOTICES A. Need for and Use of the Information Collection Section 4 of the Federal Home Loan Bank Act (Bank Act) establishes the eligibility requirements an institution must meet in order to become a member of a Federal Home Loan Bank (Bank).1 The membership rule, which implements section 4 of the Bank Act, 1 12 16:07 Jul 13, 2010 B. Burden Estimate FHFA has analyzed the cost and hour burden for the four facets of the information collection: (1) Membership Application Process, (2) Minimum initial capital stock calculation for applicants, (3) Membership withdrawals, and (4) Transfer of membership to another Bank district. The estimate for the total annual hour burden for all respondents is 5,564 2 12 CFR part 1263 (former part 925). See 75 FR 678, 690 (Jan. 5, 2010). U.S.C. 1424. VerDate Mar<15>2010 provides uniform requirements an applicant for Bank membership must meet and review criteria a Bank must apply to determine if an applicant satisfies the statutory and regulatory membership eligibility requirements.2 More specifically, the membership rule implements the statutory eligibility requirements and provides guidance on how an applicant may satisfy such requirements. The Banks, and where appropriate, FHFA, use the information collection to determine: (i) If an institution satisfies the statutory and regulatory membership requirements; (ii) a member’s initial capital stock purchase in a Bank; (iii) member withdrawals; and (iv) where a member transfers to a different Bank district. The rule authorizes a Bank to approve or deny each membership application subject to the statutory and regulatory requirements, and permits an applicant to appeal to FHFA a Bank’s decision to deny certification as a Bank member. The rule also imposes a continuing obligation on a current Bank member to provide information necessary to determine if it remains in compliance with applicable statutory and regulatory eligibility requirements. The provisions governing this information collection are found in §§ 1263.2 through 1263.31 of the membership rule, 12 CFR 1263.2— 1263.31. The information collection is necessary to enable a Bank to determine whether prospective and current Bank members satisfy the statutory and regulatory requirements to be certified initially and maintain their status as members eligible to obtain Bank advances. FHFA requires and uses the information collection to determine whether to uphold or overrule a Bank’s decision to deny member certification to an applicant. The OMB control number for the information collection is 2590–0003, which is due to expire on July 31, 2010. The likely respondents are institutions that want to be certified as or are members of a Bank seeking continued certification. Jkt 220001 PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 hours. The estimate for the total annual cost burden is $535,549. These estimates are based on the following calculations: Membership Application and Appeal Process FHFA estimates the total annual average number of member applicants at 283, with 1 response per applicant. Of those 283 applicants, FHFA estimates that 1 applicant will appeal a Bank’s membership determination to FHFA. The estimate for the average hours per application is 19.25 hours. The estimate for the average hours per appeal is 10 hours. The estimate for the total annual hour burden to applicants for the membership application and appeal process is 5,458 hours (283 applicants x 1 response per applicant x 19.25 hours per response + 1 appellant x 1 appeal x 10 hours). The estimate for the total annual cost burden to applicants for the membership application and appeal process is $521,136. Initial Capital Stock Calculation for Applicants FHFA estimates the total annual average number of applicant initial capital stock subscription calculations at 283, with 1 response per applicant. The estimate for the average hours per application is 0.25 hours. The estimate for the annual hour burden for applicants’ initial capital stock subscription calculations is 71 hours (283 applicants x 1 response per applicant x 0.25 hours per response). The estimate for the total annual cost burden to applicants of initial capital stock calculation is $9,727. Membership Withdrawals FHFA estimates the total annual average number of membership withdrawals at 8, with 1 response per withdrawing member. The estimate for the average hours per member withdrawal is 3.5 hours. The estimate for the annual hour burden for membership withdrawals is 28 hours (8 membership withdrawals x 1 response per member x 3.5 hours per response). The estimate for the total annual cost burden to members for withdrawals from membership is $3,836. Transfers of Membership to Another Bank District FHFA estimates the total annual average number of transfers of membership at 2, with 1 response per transferring member. The estimate for the average hours per member transfer is 3.5 hours. The estimate for the annual hour burden for membership transfers is 7 hours (2 membership transfers x 1 E:\FR\FM\14JYN1.SGM 14JYN1 Federal Register / Vol. 75, No. 134 / Wednesday, July 14, 2010 / Notices response per member x 3.5 hours per response). The estimate for the total annual cost burden to member respondents of the transfer of membership process is $850. 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. FHFA received one public comment from a consumer that referred to another proposed collection of information that was not related to this collection. 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. 2010–17122 Filed 7–13–10; 8:45 am] BILLING CODE 8070–01–P FEDERAL MARITIME COMMISSION emcdonald on DSK2BSOYB1PROD with NOTICES 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 (https:// www.fmc.gov) or by contacting the Office of Agreements at (202)–523–5793 or tradeanalysis@fmc.gov. Agreement No.: 011279–027. Title: Latin America Agreement. Parties: ABC Discussion Agreement; Caribbean Shipowners Association; Central America Discussion Agreement; Compania Libra de Navegacion Uruguay S.A.; Inland Shipping Services Association; Venezuelan Discussion Agreement; West Coast of South VerDate Mar<15>2010 16:07 Jul 13, 2010 Jkt 220001 America Discussion Agreement; and Zim Integrated Shipping Services, Ltd. Filing Party: Wayne R. Rohde, Esq.; Sher & Blackwell LLP; 1850 M Street, NW.; Suite 900; Washington, DC 20036. Synopsis: The amendment deletes the Hispaniola Discussion Agreement as a party to the Agreement and updates the membership of various constituent agreements. Agreement No.: 011794–012. Title: COSCON/KL/YMUK/Hanjin Worldwide Slot Allocation & Sailing Agreement. Parties: COSCO Container Lines Company, Limited; Kawasaki Kisen Kaisha, Ltd.; Yangming (UK) Ltd.; and Hanjin Shipping Co., Ltd. Filing Party: Robert B. Yoshitomi, Esq.; Nixon Peabody LLP; 555 West Fifth Street, 46th Floor; Los Angeles, CA 90013. Synopsis: The amendment authorizes communications within the Agreement regarding operational matters where parties to the Agreement share space with outside parties. Agreement No.: 012104. Title: Tropical Shipping & Construction Co., Ltd. and Discovery Sun Partnership Space Agreement. Parties: Discovery Sun Partnership and Tropical Shipping & Construction Co., Ltd. Filing Parties: Neal M. Mayer, Esq.; Hoppel, Mayer & Coleman; 1050 Connecticut Avenue, NW., 10th Floor; Washington, DC 20036. Synopsis: The agreement authorizes Discovery Sun Partnership to provide space to Tropical Shipping & Construction Co., Ltd. in the trade between the U.S. East Coast and ports in the Bahamas. Dated: July 9, 2010. By Order of the Federal Maritime Commission. Karen V. Gregory, Secretary. [FR Doc. 2010–17177 Filed 7–13–10; 8:45 am] BILLING CODE 6730–01–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 a license as a NonVessel-Operating Common Carrier (NVO) and/or Ocean Freight Forwarder (OFF)—Ocean Transportation Intermediary (OTI) pursuant to section 19 of the Shipping Act of 1984 as amended (46 U.S.C. Chapter 409 and 46 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 40837 CFR 515). Notice is also hereby given of the filing of applications to amend an existing OTI license or the Qualifying Individual (QI) for a license. Interested persons may contact the Office of Transportation Intermediaries, Federal Maritime Commission, Washington, D.C. 20573. A–1 Fargo Van and Storage, Inc. (OFF), 7700 S.W. 100th Street, Miami, FL 33156. Officers: Treva H. Ward, Vice President, (Qualifying Individual), Virgil Hale, President, Application Type: New OFF License. AFL International Logistics Group LLC (NVO), 671 N.W. 4th Avenue, Fort Lauderdale, FL 33311. Officer: Gabriele U. Heinrichs, Managing Member, (Qualifying Individual), Application Type: New NVO License. Air Tiger Express (USA), Inc. (NVO & OFF), 149–09 183rd Street, 2nd Floor, Springfield Gardens, NY 11413. Officers: Russell Lee, Vice President, (Qualifying Individual), Richard Chu, Director/Chief Executive Officer, Application Type: QI Change. Allstate Int’l Freight USA, Inc. dba A.I.F. Company (NVO & OFF), 200 E. Stanley Street, Compton, CA 90220. Officer: Byung H. Kim, CEO/ President/Secretary/CFO/Director, (Qualifying Individual), Application Type: QI Change. Amarine USA, Inc. (NVO), 21 Langerfeld Road, Hillsdale, NJ 07642. Officers: Moon H. You, President/ Secretary, (Qualifying Individual), Han J. Song, Treasurer, Application Type: Name Change. Cargo Infinity USA, Inc. (OFF), 23322 Madero Road, Suite K, Mission Viejo, CA 92691. Officers: Jean L. Niu, President/CEO, (Qualifying Individual), Annie Lam, Director/ Secretary/Treasurer/CFO, Ada Lai Y. Lee, Director, Application Type: New OFF License. Direct Service Inc. dba Tiger Freight International, Corporation (NVO), 1209 John Reed Court, City of Industry, CA 91745. Officer: Chi (Steve) H. Hung, President, (Qualifying Individual), Application Type: Trade Name Change. Eagle Maritime Private Limited dba Eagle Maritime USA Inc. (NVO), 17, Contractor Building, 1st Floor, 15, Vajukotak Marg, Fort, Mumbai 400001 India. Officer: Dasharath Y. Patade, Chairman/Director/Shareholder, (Qualifying Individual), Application Type: New NVO License. Global Freight Services, Inc. (NVO & OFF), 32 Raymond Avenue, Chestnut Ridge, NY 10977. Officer: Rosario Vizzari, President/Secretary/ Treasurer, (Qualifying Individual), Application Type: License Transfer. E:\FR\FM\14JYN1.SGM 14JYN1

Agencies

[Federal Register Volume 75, Number 134 (Wednesday, July 14, 2010)]
[Notices]
[Pages 40835-40837]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-17122]


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

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,

[[Page 40836]]

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: ``Members of the Banks, (No. 2010-N-09)'' 
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: ``Members 
of the Banks, (No. 2010-N-09)'' 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: 
Public Comments/Proposed Collection; Comment Request: ``Members of the 
Banks, (No. 2010-N-09).''
    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 4 of the Federal Home Loan Bank Act (Bank Act) establishes 
the eligibility requirements an institution must meet in order to 
become a member of a Federal Home Loan Bank (Bank).\1\ The membership 
rule, which implements section 4 of the Bank Act, provides uniform 
requirements an applicant for Bank membership must meet and review 
criteria a Bank must apply to determine if an applicant satisfies the 
statutory and regulatory membership eligibility requirements.\2\
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 1424.
    \2\ 12 CFR part 1263 (former part 925). See 75 FR 678, 690 (Jan. 
5, 2010).
---------------------------------------------------------------------------

    More specifically, the membership rule implements the statutory 
eligibility requirements and provides guidance on how an applicant may 
satisfy such requirements. The Banks, and where appropriate, FHFA, use 
the information collection to determine: (i) If an institution 
satisfies the statutory and regulatory membership requirements; (ii) a 
member's initial capital stock purchase in a Bank; (iii) member 
withdrawals; and (iv) where a member transfers to a different Bank 
district. The rule authorizes a Bank to approve or deny each membership 
application subject to the statutory and regulatory requirements, and 
permits an applicant to appeal to FHFA a Bank's decision to deny 
certification as a Bank member. The rule also imposes a continuing 
obligation on a current Bank member to provide information necessary to 
determine if it remains in compliance with applicable statutory and 
regulatory eligibility requirements.
    The provisions governing this information collection are found in 
Sec. Sec.  1263.2 through 1263.31 of the membership rule, 12 CFR 
1263.2--1263.31. The information collection is necessary to enable a 
Bank to determine whether prospective and current Bank members satisfy 
the statutory and regulatory requirements to be certified initially and 
maintain their status as members eligible to obtain Bank advances. FHFA 
requires and uses the information collection to determine whether to 
uphold or overrule a Bank's decision to deny member certification to an 
applicant.
    The OMB control number for the information collection is 2590-0003, 
which is due to expire on July 31, 2010. The likely respondents are 
institutions that want to be certified as or are members of a Bank 
seeking continued certification.

B. Burden Estimate

    FHFA has analyzed the cost and hour burden for the four facets of 
the information collection: (1) Membership Application Process, (2) 
Minimum initial capital stock calculation for applicants, (3) 
Membership withdrawals, and (4) Transfer of membership to another Bank 
district. The estimate for the total annual hour burden for all 
respondents is 5,564 hours. The estimate for the total annual cost 
burden is $535,549. These estimates are based on the following 
calculations:

Membership Application and Appeal Process

    FHFA estimates the total annual average number of member applicants 
at 283, with 1 response per applicant. Of those 283 applicants, FHFA 
estimates that 1 applicant will appeal a Bank's membership 
determination to FHFA. The estimate for the average hours per 
application is 19.25 hours. The estimate for the average hours per 
appeal is 10 hours. The estimate for the total annual hour burden to 
applicants for the membership application and appeal process is 5,458 
hours (283 applicants x 1 response per applicant x 19.25 hours per 
response + 1 appellant x 1 appeal x 10 hours). The estimate for the 
total annual cost burden to applicants for the membership application 
and appeal process is $521,136.

Initial Capital Stock Calculation for Applicants

    FHFA estimates the total annual average number of applicant initial 
capital stock subscription calculations at 283, with 1 response per 
applicant. The estimate for the average hours per application is 0.25 
hours. The estimate for the annual hour burden for applicants' initial 
capital stock subscription calculations is 71 hours (283 applicants x 1 
response per applicant x 0.25 hours per response). The estimate for the 
total annual cost burden to applicants of initial capital stock 
calculation is $9,727.

Membership Withdrawals

    FHFA estimates the total annual average number of membership 
withdrawals at 8, with 1 response per withdrawing member. The estimate 
for the average hours per member withdrawal is 3.5 hours. The estimate 
for the annual hour burden for membership withdrawals is 28 hours (8 
membership withdrawals x 1 response per member x 3.5 hours per 
response). The estimate for the total annual cost burden to members for 
withdrawals from membership is $3,836.

Transfers of Membership to Another Bank District

    FHFA estimates the total annual average number of transfers of 
membership at 2, with 1 response per transferring member. The estimate 
for the average hours per member transfer is 3.5 hours. The estimate 
for the annual hour burden for membership transfers is 7 hours (2 
membership transfers x 1

[[Page 40837]]

response per member x 3.5 hours per response). The estimate for the 
total annual cost burden to member respondents of the transfer of 
membership process is $850.

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. FHFA 
received one public comment from a consumer that referred to another 
proposed collection of information that was not related to this 
collection.
    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. 2010-17122 Filed 7-13-10; 8:45 am]
BILLING CODE 8070-01-P
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