Proposed Collection; Comment Request, 76037-76039 [2012-31009]

Download as PDF Federal Register / Vol. 77, No. 247 / Wednesday, December 26, 2012 / Notices FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership Federal Deposit Insurance Corporation (FDIC). ACTION: Notice; second correction. AGENCY: The FDIC has determined that insufficient assets exist in the receivership of Darby Bank and Trust Co., Vidalia, Georgia, to make any distribution on general unsecured claims, and therefore such claims will recover nothing and have no value. DATES: The FDIC made its determination on November 19, 2012. FOR FURTHER INFORMATION CONTACT: If you have questions regarding this notice, you may contact an FDIC Claims Agent at (904) 256–3925. Written correspondence may also be mailed to FDIC as Receiver of Darby Bank and Trust Co., Attention: Claims Agent, 8800 Baymeadows Way West, Jacksonville, FL 32256. SUPPLEMENTARY INFORMATION: On November 12, 2010, Darby Bank and Trust Co., Vidalia, Georgia, (FIN #10312) was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (‘‘FDIC’’) was appointed as its receiver (‘‘Receiver’’). In complying with its statutory duty to resolve the institution in the method that is least costly to the deposit insurance fund (see 12 U.S.C. 1823(c)(4)), the FDIC facilitated a transaction with Ameris Bank, Moultrie, Georgia, to acquire all of the deposits and most of the assets of the failed institution. SUMMARY: Section 11(d)(11)(A) of the FDI Act, 12 U.S.C. 1821(d)(11)(A), sets forth the order of priority for distribution of amounts realized from the liquidation or other resolution of an insured depository institution to pay claims. Under the statutory order of priority, administrative expenses and deposit liabilities must be paid in full before any distribution may be made to general unsecured creditors or any lower priority claims. As of September 30, 2012, the maximum value of assets that could be available for distribution by the Receiver, together with maximum possible recoveries on professional liability claims against directors, officers, and other professionals, as well as potential tax refunds, was $125,488,526. As of the same date, administrative expenses and depositor liabilities equaled $173,303,177, exceeding available assets and potential recoveries by at least $47,814,651. Accordingly, the FDIC has determined that insufficient assets exist to make any distribution on general unsecured creditor claims (and any lower priority claims) and therefore all such claims, asserted or unasserted, will recover nothing and have no value. On November 27, 2012, the FDIC published a notice in the Federal Register (77 FR 70779), incorrectly reciting that the date of determination was November 11, 2012. This correction recites the actual date of determination and the actual date of the publication of corrected notice. Dated: December 18, 2012. Valerie J. Best, Assistant Executive Secretary. 76037 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: Update Listing of Financial Institutions in Liquidation. ACTION: 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 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. SUMMARY: Dated: December 17, 2012. Federal Deposit Insurance Corporation. Pamela Johnson, Regulatory Editing Specialist. [FR Doc. 2012–30837 Filed 12–21–12; 8:45 am] BILLING CODE 6714–01–P INSTITUTIONS IN LIQUIDATION [In alphabetical order] FDIC Ref. No. Bank name City 10467 ................................... Community Bank of the Ozarks ........................................ Sunrise Beach ..................... BILLING CODE 6714–01–P 60-day Notice of Submission of Information Collection for Approval from the Office of Management and Budget. FEDERAL HOUSING FINANCE AGENCY SUMMARY: [FR Doc. 2012–30939 Filed 12–21–12; 8:45 am] tkelley on DSK3SPTVN1PROD with [No. 2012–N–19] Proposed Collection; Comment Request AGENCY: Federal Housing Finance Agency. VerDate Mar<15>2010 06:31 Dec 22, 2012 Jkt 229001 ACTION: 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 ‘‘Affordable Housing Program (AHP),’’ which has been assigned control number 2590– PO 00000 Frm 00070 Fmt 4703 Sfmt 4703 State MO Date closed 12/14/2012 0007 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 February 28, 2013. DATES: Interested persons may submit comments on or before February 25, 2013. Comments: Submit comments to FHFA using any of the following methods: • Email: regcomments@fhfa.gov. Please include Proposed Collection; E:\FR\FM\26DEN1.SGM 26DEN1 76038 Federal Register / Vol. 77, No. 247 / Wednesday, December 26, 2012 / Notices Comment Request: ‘‘Affordable Housing Program (AHP),’’ (No. 2012–N–19) in the subject line of the message. • Mail/Hand Delivery: Federal Housing Finance Agency, Eighth Floor, 400 Seventh Street SW., Washington, DC 20024, ATTENTION: Public Comments/Proposed Collection; Comment Request: ‘‘Affordable Housing Program (AHP),’’ (No. 2012–N–19). • 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 email to FHFA at regcomments@fhfa.gov to ensure timely receipt by the agency. 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, 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, Principal Advisor/ Manager, Office of the Deputy Director, Division of Bank Regulation (DBR), Sylvia.Martinez@fhfa.gov, (202) 649– 3301; or Deattra D. Perkins, Senior Policy Analyst, DBR, Deattra.Perkins@fhfa.gov, (202) 649– 3133 (not toll-free numbers). The telephone number for the telecommunications device for the deaf is (800) 877–8339. SUPPLEMENTARY INFORMATION: tkelley on DSK3SPTVN1PROD with A. Background Section 10(j) of the Federal Home Loan Bank Act (Bank Act) requires each Bank to establish an affordable housing program, the purpose of which is to enable a Bank’s members to finance homeownership by households with incomes at or below 80% of the area median income (low- or moderateincome households), and to finance the purchase, construction, or rehabilitation of rental projects in which at least 20% of the units will be occupied by and affordable for households earning 50% or less of the area median income (very low-income households). See 12 U.S.C. 1430(j)(1) and (2). The Bank Act requires each Bank to contribute 10% of its previous year’s net earnings to its AHP annually, subject to a minimum annual combined contribution by the 12 VerDate Mar<15>2010 06:31 Dec 22, 2012 Jkt 229001 Banks of $100 million. See 12 U.S.C. 1430(j)(5)(C). The AHP regulation requires each Bank to establish a competitive application program under which each Bank accepts applications from its members for AHP subsidized advances or direct subsidies (grants). See 12 CFR 1291.5. The Bank evaluates the applications pursuant to AHP regulatory eligibility requirements and AHP regulatory and Bank scoring guidelines, and awards funds to the highest scoring applications. In addition, the AHP regulation authorizes a Bank, in its discretion, to set aside a portion of its annual required AHP contribution to establish homeownership set-aside programs for the purpose of promoting homeownership for low- or moderateincome households. See 12 CFR 1291.6. Under the homeownership set-aside programs, a Bank may provide AHP direct subsidies to members to pay for down payment assistance, closing costs, and counseling costs in connection with a household’s purchase of its primary residence, and for rehabilitation assistance in connection with a household’s rehabilitation of an owneroccupied residence. See 12 CFR 1291.6(c)(4). Currently, a Bank may allocate up to the greater of $4.5 million or 35% of its annual required AHP contribution to homeownership setaside programs in that year. B. Need for and Use of the Information Collection The Banks use AHP data collection to determine whether an AHP applicant satisfies the statutory and regulatory requirements to receive AHP subsidies. FHFA’s use of the information is necessary to verify that Bank funding decisions, and the use of the funds awarded, are consistent with statutory and regulatory requirements. The AHP information collection is found in the Data Reporting Manual (DRM). See Resolution Number 2006–13 (available electronically in the FOIA Reading Room: https://www.fhfa.gov/Default. aspx?Page=256&ListYear=2006&List Category=9#9√2006). The OMB number for the information collection is 2590–0007. The OMB clearance for the information collection expires on February 28, 2013. The likely respondents are institutions that are Bank members. C. Burden Estimate FHFA analyzed the cost and hour burden for the six facets of the AHP information collection: AHP competitive applications; verifications of statutory and regulatory compliance of AHP competitive applications at the PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 time of subsidy disbursement; AHP modification requests; AHP monitoring agreements; AHP recapture agreements; and homeownership set-aside program applications. As explained in more detail below, the estimate for the total annual hour burden for applicant and member respondents for all seven facets of the AHP information collection is 60,140 hours. 1. AHP Competitive Applications FHFA estimates a total annual average of 1,500 competitive applications for AHP funding, with 1 response per applicant, and a 24 hour average processing time for each application. The estimate for the total annual hour burden for AHP competitive applications is 36,000 hours (1,500 applicants x 1 application x 24 hours). 2. Verification of Statutory and Regulatory Compliance of AHP Competitive Applications at Time of AHP Subsidy Disbursement The FHFA estimates a total annual average of 600 submissions by members/applicants that the Banks review to verify compliance with statutory and regulatory requirements at the time of AHP subsidy disbursement, with a 1 hour average preparation time for each submission. The estimate for the total annual hour burden for preparation of compliance submissions is 600 hours (600 subsidy disbursements x 1 submission per disbursement x 1 hour). 3. AHP Modification Requests The FHFA estimates a total annual average of 180 modification requests, with 1 response per requestor, and a 2.5 hour average processing time for each request. The estimate for the total annual hour burden for AHP modification requests is 450 hours (180 requestors x 1 request x 2.5 hours). 4. AHP Monitoring Agreements The FHFA estimates a total annual average of 600 AHP monitoring agreements, with 1 agreement per respondent. The estimate for the average hours to implement each AHP monitoring agreement and prepare and review required reports and certifications is 7.75 hours. The estimate for the total annual hour burden for AHP monitoring agreements is 4,650 hours (600 respondents x 1 agreement x 7.75 hours). 5. AHP Recapture Agreements The FHFA estimates a total annual average of 360 AHP recapture agreements, with 1 agreement per respondent. The estimate for the average E:\FR\FM\26DEN1.SGM 26DEN1 Federal Register / Vol. 77, No. 247 / Wednesday, December 26, 2012 / Notices hours to prepare and implement an AHP recapture agreement is 4 hours. The estimate for the total annual hour burden for AHP recapture agreements is 1,440 hours (360 respondents x 1 agreement x 4 hours). 6. Homeownership Set-aside Program Applications The FHFA estimates a total annual average of 8,500 homeownership setaside program applications, with 1 application per respondent, and a 2 hour average processing time for each application. The estimate for the total annual hour burden for homeownership set-aside program applications is 17,000 hours (8,500 respondents x 1 application x 2 hours). D. Comment Request Written comments are requested on: (1) Whether the collection of information is necessary for the proper performance of FHFA functions, including whether the information has practical utility; (2) The accuracy of the FHFA’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 members and applicants, including through the use of automated collection techniques or other forms of information technology. Comments may be submitted in writing at the address listed above in the Comments section. Dated: December 20, 2012. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2012–31009 Filed 12–21–12; 4:15 pm] BILLING CODE 8070–01–P FEDERAL RESERVE SYSTEM tkelley on DSK3SPTVN1PROD with Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank VerDate Mar<15>2010 06:31 Dec 22, 2012 Jkt 229001 indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than January 7, 2013. A. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. David L. Neisen, Watkins, Minnesota, individually and as trustee of four Neisen family trusts, to retain 25 percent or more of the shares of Neisen Bancshares, Inc., Watkins, Minnesota, and thereby indirectly retain additional voting shares of Farmers State Bank of Watkins, Watkins, Minnesota. Board of Governors of the Federal Reserve System, December 18, 2012. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2012–30826 Filed 12–21–12; 8:45 am] BILLING CODE 6210–01–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 applications will also 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 January 18, 2013. PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 76039 A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045–0001: 1. Flushing Financial Corporation, Flushing, New York; to become a bank holding company upon the merger of Flushing Savings Bank, FSB, Flushing, New York, with and into Flushing Commercial Bank, North New Hyde Park, New York, which will become a New York State-chartered commercial bank and change its name to Flushing Bank. Comments on this proposal must be received by January 14, 2013. B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. BBIG Holdings, LLC, Lincoln, Nebraska, to become a bank holding company by acquiring 50 percent of the outstanding voting shares of Hilltop Bancshares, Inc., and thereby acquire Bank of Bennington, both in Bennington, Nebraska. Board of Governors of the Federal Reserve System, December 18, 2012. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2012–30825 Filed 12–21–12; 8:45 am] BILLING CODE 6210–01–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 applications will also 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 E:\FR\FM\26DEN1.SGM 26DEN1

Agencies

[Federal Register Volume 77, Number 247 (Wednesday, December 26, 2012)]
[Notices]
[Pages 76037-76039]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-31009]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2012-N-19]


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 ``Affordable Housing Program (AHP),'' which has been assigned 
control number 2590-0007 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 February 28, 2013.

DATES: Interested persons may submit comments on or before February 25, 
2013.
    Comments: Submit comments to FHFA using any of the following 
methods:
     Email: regcomments@fhfa.gov. Please include Proposed 
Collection;

[[Page 76038]]

Comment Request: ``Affordable Housing Program (AHP),'' (No. 2012-N-19) 
in the subject line of the message.
     Mail/Hand Delivery: Federal Housing Finance Agency, Eighth 
Floor, 400 Seventh Street SW., Washington, DC 20024, ATTENTION: Public 
Comments/Proposed Collection; Comment Request: ``Affordable Housing 
Program (AHP),'' (No. 2012-N-19).
     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 email 
to FHFA at regcomments@fhfa.gov to ensure timely receipt by the agency.
    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, 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, Principal Advisor/
Manager, Office of the Deputy Director, Division of Bank Regulation 
(DBR), Sylvia.Martinez@fhfa.gov, (202) 649-3301; or Deattra D. Perkins, 
Senior Policy Analyst, DBR, Deattra.Perkins@fhfa.gov, (202) 649-3133 
(not toll-free numbers). The telephone number for the 
telecommunications device for the deaf is (800) 877-8339.

SUPPLEMENTARY INFORMATION:

A. Background

    Section 10(j) of the Federal Home Loan Bank Act (Bank Act) requires 
each Bank to establish an affordable housing program, the purpose of 
which is to enable a Bank's members to finance homeownership by 
households with incomes at or below 80% of the area median income (low- 
or moderate- income households), and to finance the purchase, 
construction, or rehabilitation of rental projects in which at least 
20% of the units will be occupied by and affordable for households 
earning 50% or less of the area median income (very low-income 
households). See 12 U.S.C. 1430(j)(1) and (2). The Bank Act requires 
each Bank to contribute 10% of its previous year's net earnings to its 
AHP annually, subject to a minimum annual combined contribution by the 
12 Banks of $100 million. See 12 U.S.C. 1430(j)(5)(C).
    The AHP regulation requires each Bank to establish a competitive 
application program under which each Bank accepts applications from its 
members for AHP subsidized advances or direct subsidies (grants). See 
12 CFR 1291.5. The Bank evaluates the applications pursuant to AHP 
regulatory eligibility requirements and AHP regulatory and Bank scoring 
guidelines, and awards funds to the highest scoring applications. In 
addition, the AHP regulation authorizes a Bank, in its discretion, to 
set aside a portion of its annual required AHP contribution to 
establish homeownership set-aside programs for the purpose of promoting 
homeownership for low- or moderate- income households. See 12 CFR 
1291.6. Under the homeownership set-aside programs, a Bank may provide 
AHP direct subsidies to members to pay for down payment assistance, 
closing costs, and counseling costs in connection with a household's 
purchase of its primary residence, and for rehabilitation assistance in 
connection with a household's rehabilitation of an owner-occupied 
residence. See 12 CFR 1291.6(c)(4). Currently, a Bank may allocate up 
to the greater of $4.5 million or 35% of its annual required AHP 
contribution to homeownership set-aside programs in that year.

B. Need for and Use of the Information Collection

    The Banks use AHP data collection to determine whether an AHP 
applicant satisfies the statutory and regulatory requirements to 
receive AHP subsidies. FHFA's use of the information is necessary to 
verify that Bank funding decisions, and the use of the funds awarded, 
are consistent with statutory and regulatory requirements. The AHP 
information collection is found in the Data Reporting Manual (DRM). See 
Resolution Numberhttps://www.fhfa.gov/Default.aspx?Page=256&ListYear=2006&ListCategory=9#9|2006 2006-13 (available electronically in the FOIA Reading 
Room: https://www.fhfa.gov/Default.aspx?Page=256&ListYear=2006&ListCategory=9#9|2006https://www.fhfa.gov/Default.aspx?Page=256&ListYear=2006&ListCategory=9#9|2006).
    The OMB number for the information collection is 2590-0007. The OMB 
clearance for the information collection expires on February 28, 2013. 
The likely respondents are institutions that are Bank members.

C. Burden Estimate

    FHFA analyzed the cost and hour burden for the six facets of the 
AHP information collection: AHP competitive applications; verifications 
of statutory and regulatory compliance of AHP competitive applications 
at the time of subsidy disbursement; AHP modification requests; AHP 
monitoring agreements; AHP recapture agreements; and homeownership set-
aside program applications. As explained in more detail below, the 
estimate for the total annual hour burden for applicant and member 
respondents for all seven facets of the AHP information collection is 
60,140 hours.

1. AHP Competitive Applications

    FHFA estimates a total annual average of 1,500 competitive 
applications for AHP funding, with 1 response per applicant, and a 24 
hour average processing time for each application. The estimate for the 
total annual hour burden for AHP competitive applications is 36,000 
hours (1,500 applicants x 1 application x 24 hours).

2. Verification of Statutory and Regulatory Compliance of AHP 
Competitive Applications at Time of AHP Subsidy Disbursement

    The FHFA estimates a total annual average of 600 submissions by 
members/applicants that the Banks review to verify compliance with 
statutory and regulatory requirements at the time of AHP subsidy 
disbursement, with a 1 hour average preparation time for each 
submission. The estimate for the total annual hour burden for 
preparation of compliance submissions is 600 hours (600 subsidy 
disbursements x 1 submission per disbursement x 1 hour).

3. AHP Modification Requests

    The FHFA estimates a total annual average of 180 modification 
requests, with 1 response per requestor, and a 2.5 hour average 
processing time for each request. The estimate for the total annual 
hour burden for AHP modification requests is 450 hours (180 requestors 
x 1 request x 2.5 hours).

4. AHP Monitoring Agreements

    The FHFA estimates a total annual average of 600 AHP monitoring 
agreements, with 1 agreement per respondent. The estimate for the 
average hours to implement each AHP monitoring agreement and prepare 
and review required reports and certifications is 7.75 hours. The 
estimate for the total annual hour burden for AHP monitoring agreements 
is 4,650 hours (600 respondents x 1 agreement x 7.75 hours).

5. AHP Recapture Agreements

    The FHFA estimates a total annual average of 360 AHP recapture 
agreements, with 1 agreement per respondent. The estimate for the 
average

[[Page 76039]]

hours to prepare and implement an AHP recapture agreement is 4 hours. 
The estimate for the total annual hour burden for AHP recapture 
agreements is 1,440 hours (360 respondents x 1 agreement x 4 hours).

6. Homeownership Set-aside Program Applications

    The FHFA estimates a total annual average of 8,500 homeownership 
set-aside program applications, with 1 application per respondent, and 
a 2 hour average processing time for each application. The estimate for 
the total annual hour burden for homeownership set-aside program 
applications is 17,000 hours (8,500 respondents x 1 application x 2 
hours).

D. Comment Request

    Written comments are requested on: (1) Whether the collection of 
information is necessary for the proper performance of FHFA functions, 
including whether the information has practical utility; (2) The 
accuracy of the FHFA'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 members and applicants, including through 
the use of automated collection techniques or other forms of 
information technology. Comments may be submitted in writing at the 
address listed above in the Comments section.

    Dated: December 20, 2012.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2012-31009 Filed 12-21-12; 4:15 pm]
BILLING CODE 8070-01-P
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