Submission for OMB Review; Comment Request, 65687-65688 [2012-26617]

Download as PDF Federal Register / Vol. 77, No. 210 / Tuesday, October 30, 2012 / Notices [FR Doc. 2012–26608 Filed 10–29–12; 8:45 am] BILLING CODE 6714–01–P FEDERAL ELECTION COMMISSION Sunshine Act Meeting Notice Federal Election Commission. Thursday, November 1, 2012 AT 10:00 a.m. PLACE: 999 E Street NW., Washington, DC (Ninth Floor) STATUS: This Meeting Will Be Open to the Public. AGENCY: DATE AND TIME: ITEMS TO BE DISCUSSED: Correction and Approval of the Minutes for the Meeting of October 18, 2012 Request for Reconsideration of Advisory Opinion 2012–25: American Future Fund, American Future Fund Political Action, McIntosh Draft Advisory Opinion 2012–34: Freedom PAC and Friends of Mike H Audit Division Recommendation Memorandum on Rightmarch.com PAC, Inc. (A09–25) Audit Division Recommendation Memorandum on the Maine Republican Party (MRP) (A09–09) Management and Administrative Matters. Individuals who plan to attend and require special assistance, such as sign language interpretation or other reasonable accommodations, should contact Shawn Woodhead Werth, Secretary and Clerk, at (202) 694–1040, at least 72 hours prior to the meeting date. PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. Shawn Woodhead Werth, Secretary and Clerk of the Commission. [FR Doc. 2012–26710 Filed 10–26–12; 11:15 am] BILLING CODE 6715–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2012–N–16] Submission for OMB Review; Comment Request Federal Housing Finance Agency. ACTION: 30-Day notice of submission of information collection for approval from the Office of Management and Budget. wreier-aviles on DSK7SPTVN1PROD with NOTICES AGENCY: In accordance with the requirements of the Paperwork Reduction Act of 1995, the Federal Housing Finance Agency (FHFA) is SUMMARY: VerDate Mar<15>2010 13:17 Oct 29, 2012 Jkt 229001 submitting the information collection entitled ‘‘Community Support Requirements’’ to the Office of Management and Budget (OMB) for review and approval of a three-year extension of the OMB control number 2590–0005 which is due to expire on October 31, 2012. Interested persons may submit comments on or before November 29, 2012. DATES: 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, Email address: OIRA_Submission@omb.eop.gov, and also send a copy to FHFA using any of the following methods: • Email: RegComments@fhfa.gov. Please include Proposed Collection; Comment Request: Community Support Requirements (No. 2012–N–16) in the subject line of the message. • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • Mail/Hand Delivery: Federal Housing Finance Agency, 400 Seventh Street SW., Eighth Floor, Washington, DC 20024, ATTENTION: Public Comments/Submission for OMB Approval: Community Support Requirements (No. 2012–N–16). ADDRESSES: We will post all public comments we receive without change, including any personal information you provide, such as your name, address (mailing and email), and telephone number 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, 400 Seventh St. SW., Eighth Floor, Washington, DC 20024. To make an appointment to inspect comments, please call the Office of General Counsel at (202) 649–3804. For Further Information or Copies of the Information Collection 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: PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 65687 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. 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) and record of lending to first-time homebuyers. 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. 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 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 E:\FR\FM\30OCN1.SGM 30OCN1 65688 Federal Register / Vol. 77, No. 210 / Tuesday, October 30, 2012 / Notices 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 C. Comment Request wreier-aviles on DSK7SPTVN1PROD with NOTICES In accordance with 5 CFR 1320.8(d), FHFA published a request for public comments regarding this information collection in the Federal Register on August 3, 2012. See 77 FR 46436. The 60-day comment period closed on October 2, 2012. FHFA received no public comments. 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: October 23, 2012. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2012–26617 Filed 10–29–12; 8:45 am] BILLING CODE 8070–01–P 13:17 Oct 29, 2012 [No. 2012–N–15] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: 30-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 submitting the information collection known as ‘‘Federal Home Loan Bank Acquired Member Assets, Core Mission Activities, Investments and Advances,’’ to the Office of Management and Budget (OMB) for review and approval of a three-year extension of the control number 2590–0008 which is due to expire on October 31, 2012. DATES: Interested persons may submit comments on or before November 29, 2012. SUMMARY: 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. VerDate Mar<15>2010 FEDERAL HOUSING FINANCE AGENCY Jkt 229001 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, Email address: OIRA_Submission@omb.eop.gov, and to FHFA using any one of the following methods: • Email: RegComments@fhfa.gov. please include Proposed Collection; Comment Request: Federal Home Loan Bank Acquired Member Assets, Core Mission Activities, Investments and Advances (No. 2012–N–15) in the subject line of the message. • Federal eRulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. • Mail/Hand Delivery: Federal Housing Finance Agency, 400 Seventh Street SW., Eighth Floor, Washington, DC 20024, ATTENTION: Public Comments/Proposed Collection; Comment Request: Federal Home Loan Bank Acquired Member Assets, Core Mission Activities, Investments and Advances (No. 2012–N–15). We will post all public comments we receive without change, including any personal information you provide, such as your name, address (mailing and email), and telephone number 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 ADDRESSES: PO 00000 Frm 00027 Fmt 4703 Sfmt 4703 3 p.m. at the Federal Housing Finance Agency, 400 Seventh Street SW., Eighth Floor, 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: Rajkumar Thangavelu, Financial Database Specialist at 202–649–3943 (not a toll-free number), Rajkumar.Thangavelu@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 Federal Home Loan Banks (Banks) are authorized under 12 CFR part 955 to acquire from their member financial institutions and non-member housing associates certain home mortgage loans and related assets, which are referred to as ‘‘Acquired Member Assets’’ or ‘‘AMA.’’ In conjunction with this authority, each Bank that acquires AMA is required by regulation to report to FHFA certain data regarding each loan acquired, as specified in FHFA’s Data Reporting Manual (DRM). The DRM specifies 87 data elements that must be reported semi-annually for each new loan acquired, as well as 22 additional data elements that must be reported semiannually for existing AMA loans or loan participations held in the Bank’s portfolio. The DRM also requires that the Banks report aggregated AMA loan data on a quarterly basis. FHFA uses the collected loan-level and aggregated AMA 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.1 Since 2010, FHFA has also published the previous calendar year’s loan-level AMA data in an online public use database.2 The agency maintains this public use database in order to fulfill its duties under section 10(k) of the Federal Home Loan Bank Act (Bank Act), which requires that the Banks report to FHFA specified census tract-level data relating to purchased mortgages and that the agency make this data available to the public in a useful form.3 At the time that Congress enacted section 10(k) in 2008, the Banks were already reporting most 1 FHFA is responsible for supervising the safety and soundness of the Banks, as well as the fulfillment of the Banks’ statutory housing finance mission. See 12 U.S.C. 4513(a)(1). 2 This public use database is accessible at https:// www.fhfa.gov/Default.aspx?Page=304. 3 See 12 U.S.C. 1430(k). E:\FR\FM\30OCN1.SGM 30OCN1

Agencies

[Federal Register Volume 77, Number 210 (Tuesday, October 30, 2012)]
[Notices]
[Pages 65687-65688]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-26617]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2012-N-16]


Submission for OMB Review; 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 submitting 
the information collection entitled ``Community Support Requirements'' 
to the Office of Management and Budget (OMB) for review and approval of 
a three-year extension of the OMB control number 2590-0005 which is due 
to expire on October 31, 2012.

DATES: Interested persons may submit comments on or before November 29, 
2012.

ADDRESSES: 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, Email address: OIRA_Submission@omb.eop.gov, and also 
send a copy to FHFA using any of the following methods:
     Email: RegComments@fhfa.gov. Please include Proposed 
Collection; Comment Request: Community Support Requirements (No. 2012-
N-16) in the subject line of the message.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     Mail/Hand Delivery: Federal Housing Finance Agency, 400 
Seventh Street SW., Eighth Floor, Washington, DC 20024, ATTENTION: 
Public Comments/Submission for OMB Approval: Community Support 
Requirements (No. 2012-N-16).

We will post all public comments we receive without change, including 
any personal information you provide, such as your name, address 
(mailing and email), and telephone number 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, 400 
Seventh St. SW., Eighth Floor, Washington, DC 20024. To make an 
appointment to inspect comments, please call the Office of General 
Counsel at (202) 649-3804.
    For Further Information or Copies of the Information Collection 
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. 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) and record of 
lending to first-time homebuyers.
    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. 
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 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

[[Page 65688]]

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

    In accordance with 5 CFR 1320.8(d), FHFA published a request for 
public comments regarding this information collection in the Federal 
Register on August 3, 2012. See 77 FR 46436. The 60-day comment period 
closed on October 2, 2012. FHFA received no public comments.
    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: October 23, 2012.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2012-26617 Filed 10-29-12; 8:45 am]
BILLING CODE 8070-01-P
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