Proposed Collection; Comment Request, 46436-46437 [2012-19011]

Download as PDF 46436 Federal Register / Vol. 77, No. 150 / Friday, August 3, 2012 / Notices Update Listing of Financial Institutions in Liquidation. ACTION: [FR Doc. 2012–18987 Filed 8–2–12; 8:45 am] BILLING CODE 6714–01–P Notice is hereby given that the Federal Deposit Insurance Corporation (Corporation) has been appointed the sole receiver for the following financial institutions effective as of the Date Closed as indicated in the listing. This list (as updated from time to time in the Federal Register) may be relied upon as ‘‘of record’’ notice that the Corporation has been appointed receiver for purposes of the statement of policy published in the July 2, 1992 SUMMARY: FEDERAL DEPOSIT INSURANCE CORPORATION Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager Federal Deposit Insurance Corporation. AGENCY: issue of the Federal Register (57 FR 29491). For further information concerning the identification of any institutions which have been placed in liquidation, please visit the Corporation Web site at www.fdic.gov/bank/ individual/failed/banklist.html or contact the Manager of Receivership Oversight in the appropriate service center. Dated: July 30, 2012. Federal Deposit Insurance Corporation. Pamela Johnson, Regulatory Editing Specialist. INSTITUTIONS IN LIQUIDATION [In alphabetical order] FDIC Ref. No. Bank name City State Date closed 10455 .................................................. Jasper Banking Company .................. Jasper ................................................. GA .... 7/27/2012 [FR Doc. 2012–18989 Filed 8–2–12; 8:45 am] BILLING CODE 6714–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2012–N–08] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: 60-day Notice of Submission of Information Collection for Approval from the Office of Management and Budget. AGENCY: 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 ‘‘Community Support Requirements,’’ which has been assigned control number 2590–0005 by the Office of Management and Budget (OMB). 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 October 31, 2012. DATES: Written comments must be received on or before October 2, 2012. Comments: You may submit your comments to FHFA using any of the following methods: • Email: regcomments@fhfa.gov. Please include Proposed Collection; Comment Request: Community Support Requirements (No. 2012–N–08) in the subject line of the message. TKELLEY on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:33 Aug 02, 2012 Jkt 226001 • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • U.S. Mail/Hand Delivery: Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024, Attention: Public Comments/ Proposed Collection; Comment Request: ‘‘Community Support Requirements,’’ (No. 2012–N–08). We will post all public comments we receive without change, including any personal information you provide, such as your name, telephone number, 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, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. To make an appointment to inspect comments, please call the Office of General Counsel at 202–649–3804. FOR FURTHER INFORMATION CONTACT: Sylvia C. Martinez, Management Advisor, Division of Bank Regulation (DBR), Federal Housing Finance Agency, by telephone at 202–649–3301 (not a toll-free number), or by electronic mail at Sylvia.Martinez@fhfa.gov. The telephone number for the Telecommunications Device for the Hearing Impaired is 800–877–8339. SUPPLEMENTARY INFORMATION: A. Need For and Use of the Information Collection Section 10(g)(1) of the Federal Home Loan Bank Act (Bank Act) requires FHFA to promulgate regulations establishing standards of community investment or service that Federal Home Loan Bank (Bank) member institutions PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 must meet in order to maintain access to long-term advances.1 Section 10(g)(2) of the Bank Act requires that, in establishing these community support requirements for Bank members, FHFA take into account factors such as the Bank member’s performance under the Community Reinvestment Act of 1977 (CRA) 2 and record of lending to firsttime homebuyers.3 Part 1290 of FHFA’s regulations implements the statutory requirements by providing uniform community support standards that all Bank members must meet, as well as review criteria that FHFA staff must apply to determine compliance with section 10(g) of the Bank Act.4 Section 1290.2 of the regulations requires that each Bank member submit to FHFA biennially a completed Community Support Statement (Form 60), which contains several short questions the answers to which are used by FHFA to assess the responding member’s compliance with the CRA and first time homebuyer performance standards. In section I of the form, a member that is subject to the CRA must record its current CRA rating and the date of its most recent CRA evaluation. Section II of the form addresses a member’s efforts to assist first time homebuyers—a member may either record the amount of loans made to first time homebuyers (in dollars and as a percentage of total mortgage loans) in the previous year, indicate the types of programs it has undertaken to assist first time home buyers (by checking selections from a 1 See 12 U.S.C. 1430(g)(1). U.S.C. 2901, et seq. 3 See 12 U.S.C. 1430(g)(2). 4 See 12 CFR part 1290. 2 12 E:\FR\FM\03AUN1.SGM 03AUN1 Federal Register / Vol. 77, No. 150 / Friday, August 3, 2012 / Notices list) or do both. If a member has received a CRA rating of ‘‘outstanding,’’ it need not complete section II of the form. A copy of Form 60 is available at https://www.fhfa.gov/webfiles/2924/ FHFAForm060.pdf. Section 1290.5 describes the circumstances under which FHFA will restrict a member’s access to long-term Bank advances for failure to meet the community support requirements. It also permits Bank members whose access to long-term advances has been restricted to apply directly to FHFA to remove the restriction under certain circumstances. The information collection contained in Form 60 and part 1290 are necessary to enable and are used by FHFA to determine whether Bank members satisfy the statutory and regulatory community support requirements. Only Bank members that meet these requirements may maintain continued access to long-term Bank advances. See 12 U.S.C. 1430(g). The OMB number for the information collection is 2590–0005. The OMB clearance for the information collection expires on October 31, 2012. The likely respondents are institutions that are Bank members. B. Burden Estimate The FHFA estimates the total annual average number of respondents that must complete Form 60 at 3,900 Bank members (half of all Bank members each year), with one response per member and an average burden per response of one hour. In addition, FHFA estimates the total annual average number of Bank members whose access to long-term advances has been restricted that will apply to FHFA to remove the restriction at 14 Bank members, with one response per member and an average burden per response of one hour. Thus, the estimate for the total annual hour burden is 3,914 hours. TKELLEY on DSK3SPTVN1PROD with NOTICES C. Comment Request Written comments are requested 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 on respondents, including through the use of automated collection techniques or other forms of information technology. VerDate Mar<15>2010 17:33 Aug 02, 2012 Jkt 226001 Dated: July 27, 2012. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2012–19011 Filed 8–2–12; 8:45 am] BILLING CODE 8070–01–P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 27, 2012. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261–4528: 1. Washington First Bankshares, Inc., Reston, Virginia, to merge with Alliance Bankshares, Inc., Chantilly, Virginia, and thereby indirectly acquire Alliance Bank Corporation, Fairfax, Virginia. B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. C–B–G, Inc., West Liberty, Iowa, to acquire up to 50.01 percent of Washington Bancorp, Washington, Iowa, and thereby increase its indirect interest in Washington Bancorp’s PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 46437 subsidiary, Federation Bank, Washington, Iowa. C. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Equity Bancshares, Inc., Wichita, Kansas, to acquire, through its subsidiary EBI Acquisition IV, Inc., Wichita, Kansas, 100 percent of the voting shares of First Community Bancshares, Inc., Overland Park, Kansas, parent of First Community Bank, Lee’s Summit, Missouri. Immediately thereafter, EBI Acquisition IV, Inc., Wichita, Kansas, will merge into First Community Bancshares, Inc., Overland Park, Kansas. 2. Main Banc, Inc., to acquire 100 percent of the voting shares of Bank 1st Financial Corporation, and thereby indirectly acquire Bank 1st, all of Albuquerque, New Mexico. Board of Governors of the Federal Reserve System, July 30, 2012. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 2012–18932 Filed 8–2–12; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR Part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than August 17, 2012. E:\FR\FM\03AUN1.SGM 03AUN1

Agencies

[Federal Register Volume 77, Number 150 (Friday, August 3, 2012)]
[Notices]
[Pages 46436-46437]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-19011]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2012-N-08]


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 ``Community Support Requirements,'' which has been assigned 
control number 2590-0005 by the Office of Management and Budget (OMB). 
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 October 31, 2012.

DATES: Written comments must be received on or before October 2, 2012.
    Comments: You may submit your comments to FHFA using any of the 
following methods:
     Email: regcomments@fhfa.gov. Please include Proposed 
Collection; Comment Request: Community Support Requirements (No. 2012-
N-08) in the subject line of the message.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     U.S. Mail/Hand Delivery: Federal Housing Finance Agency, 
Eighth Floor, 400 Seventh Street SW., Washington, DC 20024, Attention: 
Public Comments/Proposed Collection; Comment Request: ``Community 
Support Requirements,'' (No. 2012-N-08).
    We will post all public comments we receive without change, 
including any personal information you provide, such as your name, 
telephone number, 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, 
Eighth Floor, 400 Seventh Street SW., Washington, DC 20024. To make an 
appointment to inspect comments, please call the Office of General 
Counsel at 202-649-3804.

FOR FURTHER INFORMATION CONTACT: Sylvia C. Martinez, Management 
Advisor, Division of Bank Regulation (DBR), Federal Housing Finance 
Agency, by telephone at 202-649-3301 (not a toll-free number), or by 
electronic mail at Sylvia.Martinez@fhfa.gov. The telephone number for 
the Telecommunications Device for the Hearing Impaired is 800-877-8339.

SUPPLEMENTARY INFORMATION: 

A. Need For and Use of the Information Collection

    Section 10(g)(1) of the Federal Home Loan Bank Act (Bank Act) 
requires FHFA to promulgate regulations establishing standards of 
community investment or service that Federal Home Loan Bank (Bank) 
member institutions must meet in order to maintain access to long-term 
advances.\1\ Section 10(g)(2) of the Bank Act requires that, in 
establishing these community support requirements for Bank members, 
FHFA take into account factors such as the Bank member's performance 
under the Community Reinvestment Act of 1977 (CRA) \2\ and record of 
lending to first-time homebuyers.\3\
---------------------------------------------------------------------------

    \1\ See 12 U.S.C. 1430(g)(1).
    \2\ 12 U.S.C. 2901, et seq.
    \3\ See 12 U.S.C. 1430(g)(2).
---------------------------------------------------------------------------

    Part 1290 of FHFA's regulations implements the statutory 
requirements by providing uniform community support standards that all 
Bank members must meet, as well as review criteria that FHFA staff must 
apply to determine compliance with section 10(g) of the Bank Act.\4\ 
Section 1290.2 of the regulations requires that each Bank member submit 
to FHFA biennially a completed Community Support Statement (Form 60), 
which contains several short questions the answers to which are used by 
FHFA to assess the responding member's compliance with the CRA and 
first time homebuyer performance standards. In section I of the form, a 
member that is subject to the CRA must record its current CRA rating 
and the date of its most recent CRA evaluation. Section II of the form 
addresses a member's efforts to assist first time homebuyers--a member 
may either record the amount of loans made to first time homebuyers (in 
dollars and as a percentage of total mortgage loans) in the previous 
year, indicate the types of programs it has undertaken to assist first 
time home buyers (by checking selections from a

[[Page 46437]]

list) or do both. If a member has received a CRA rating of 
``outstanding,'' it need not complete section II of the form. A copy of 
Form 60 is available at https://www.fhfa.gov/webfiles/2924/FHFAForm060.pdf.
---------------------------------------------------------------------------

    \4\ See 12 CFR part 1290.
---------------------------------------------------------------------------

    Section 1290.5 describes the circumstances under which FHFA will 
restrict a member's access to long-term Bank advances for failure to 
meet the community support requirements. It also permits Bank members 
whose access to long-term advances has been restricted to apply 
directly to FHFA to remove the restriction under certain circumstances.
    The information collection contained in Form 60 and part 1290 are 
necessary to enable and are used by FHFA to determine whether Bank 
members satisfy the statutory and regulatory community support 
requirements. Only Bank members that meet these requirements may 
maintain continued access to long-term Bank advances. See 12 U.S.C. 
1430(g).
    The OMB number for the information collection is 2590-0005. The OMB 
clearance for the information collection expires on October 31, 2012. 
The likely respondents are institutions that are Bank members.

B. Burden Estimate

    The FHFA estimates the total annual average number of respondents 
that must complete Form 60 at 3,900 Bank members (half of all Bank 
members each year), with one response per member and an average burden 
per response of one hour. In addition, FHFA estimates the total annual 
average number of Bank members whose access to long-term advances has 
been restricted that will apply to FHFA to remove the restriction at 14 
Bank members, with one response per member and an average burden per 
response of one hour. Thus, the estimate for the total annual hour 
burden is 3,914 hours.

C. Comment Request

    Written comments are requested 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 on respondents, including 
through the use of automated collection techniques or other forms of 
information technology.

    Dated: July 27, 2012.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2012-19011 Filed 8-2-12; 8:45 am]
BILLING CODE 8070-01-P
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