Proposed Collection; Comment Request, 13671-13673 [2013-04694]

Download as PDF Federal Register / Vol. 78, No. 40 / Thursday, February 28, 2013 / Notices The information is organized by function to show how contracted resources are distributed throughout the agency. The inventory has been developed in accordance with guidance issued on November 5, 2010 and December 19, 2011 by the Office of Management and Budget’s Office of Federal Procurement Policy (OFPP). OFPP’s guidance is available at: http://www.whitehouse. gov/omb/procurement-service-contractinventories. The Federal Communications Commission has posted (1) Its FY 2012 inventory and (2) a summary of the FY 2012 inventory, as well as, (3) the planned analysis of its selected special interest function from the FY 2012 Service contract inventory, and (4) the analysis of the FY 2011 Service Contract inventory, on the Federal Communications Commission’s Web site at the following link http:// www.fcc.gov/encyclopedia/servicecontract-inventory. SUPPLEMENTARY INFORMATION: Federal Communications Commission. Marlene H. Dortch, Secretary. [FR Doc. 2013–04697 Filed 2–27–13; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Determination of Insufficient Assets to Satisfy Claims Against Financial Institution in Receivership Federal Deposit Insurance Corporation (FDIC). ACTION: Notice. AGENCY: The FDIC has determined that insufficient assets exist in the receivership of Franklin Bank, S.S.B., Houston, Texas, 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 February 22, 2013. FOR FURTHER INFORMATION CONTACT: If you have questions regarding this notice, you may contact an FDIC Claims Agent at (972) 761–8677. Written correspondence may also be mailed to FDIC as Receiver of Franklin Bank, S.S.B., Attention: Claims Agent, 1601 Bryan Street, Dallas, Texas 75201. SUPPLEMENTARY INFORMATION: On November 7, 2008, Franklin Bank, S.S.B., Houston, Texas, (FIN #10021) was closed by the Texas Department of Savings and Mortgage Lending, and the Federal Deposit Insurance Corporation (‘‘FDIC’’) was appointed as its receiver mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 19:12 Feb 27, 2013 Jkt 229001 (‘‘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 Prosperity Bank, El Campo, Texas, to assume all deposits and a portion of the assets of the failed institution. 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 December 31, 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, plus anticipated maximum recoveries from pending transactions was $714,420,467. As of the same date, administrative expenses and depositor liabilities equaled $1,031,660,492, exceeding available assets and potential recoveries by $317,240,025. 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. Dated: February 22, 2013. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2013–04553 Filed 2–27–13; 8:45 am] BILLING CODE 6714–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2013–N–02] 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 seeking public comments concerning a currently approved information SUMMARY: PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 13671 collection known as ‘‘Affordable Housing Program (AHP),’’ which has been assigned control number 2590– 0007 by the Office of Management and Budget (OMB). FHFA will submit a request to OMB for regular review and approval to renew the information collection for a three-year period. The control number is due to expire on February 28, 2013. DATES: Interested persons may submit comments on or before April 1, 2013. Comments: Submit written 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. Please also submit them to FHFA using any of the following methods: • Email: RegComments@fhfa.gov. Please include Proposed Collection; Comment Request: Affordable Housing Program (AHP) (No. 2013–N–02) 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. 2013–N–02). • Federal eRulemaking Portal: http:// 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 http://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 E:\FR\FM\28FEN1.SGM 28FEN1 13672 Federal Register / Vol. 78, No. 40 / Thursday, February 28, 2013 / Notices telecommunications device for the hearing impaired is (800) 877–8339. SUPPLEMENTARY INFORMATION: mstockstill on DSK4VPTVN1PROD with NOTICES 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).1 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.2 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).3 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.4 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.5 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 12 U.S.C. 1430(j)(1) and (2). 12 U.S.C. 1430(j)(5)(C). 3 See 12 CFR 1291.5. 4 See 12 CFR 1291.6. 5 See 12 CFR 1291.6(c)(4). 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 requirements are found in FHFA’s Data Reporting Manual (DRM).6 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 and non-member entities that receive or apply for AHP subsidies or grants through a Bank member. 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 × 1 application × 24 hours). 2. Verification of Statutory and Regulatory Compliance of AHP Competitive Applications at Time of AHP Subsidy Disbursement 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 × 1 submission per disbursement × 1 hour). 1 See 2 See VerDate Mar<15>2010 19:12 Feb 27, 2013 6 See Resolution Number 2006–13 (available electronically in the FOIA Reading Room: http:// www.fhfa.gov/Default.aspx?Page=256&List Year=2006&ListCategory=9#9√2006). Jkt 229001 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 3. AHP Modification Requests 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 × 1 request × 2.5 hours). 4. AHP Monitoring Agreements 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 × 1 agreement × 7.75 hours). 5. AHP Recapture Agreements FHFA estimates a total annual average of 360 AHP recapture agreements, with 1 agreement per respondent. The estimate for the average 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 × 1 agreement × 4 hours). 6. Homeownership Set-Aside Program Applications 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 × 1 application × 2 hours). D. Comment Request FHFA published a notice requesting comments on renewal of this information collection on December 26, 2012. See 78 FR 76037. No comments were received. This notice requests written comments 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 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 Bank members and AHP applicants and recipients, including through the use of automated collection techniques or E:\FR\FM\28FEN1.SGM 28FEN1 Federal Register / Vol. 78, No. 40 / Thursday, February 28, 2013 / Notices other forms of information technology. Comments may be submitted in writing as instructed above in the Comments section. Dated: February 25, 2013. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. maximum employment and price stability. By order of the Federal Open Market Committee, February 22, 2013. William B. English, Secretary, Federal Open Market Committee. [FR Doc. 2013–04693 Filed 2–27–13; 8:45 am] BILLING CODE 6210–01–P [FR Doc. 2013–04694 Filed 2–27–13; 8:45 am] BILLING CODE 8070–01–P FEDERAL TRADE COMMISSION [File No. 122 3049] FEDERAL RESERVE SYSTEM mstockstill on DSK4VPTVN1PROD with NOTICES Federal Open Market Committee; Domestic Policy Directive of January 29–30, 2013 In accordance with Section 271.25 of its rules regarding availability of information (12 CFR part 271), there is set forth below the domestic policy directive issued by the Federal Open Market Committee at its meeting held on January 29–30, 2013.1 Consistent with its statutory mandate, the Federal Open Market Committee seeks monetary and financial conditions that will foster maximum employment and price stability. In particular, the Committee seeks conditions in reserve markets consistent with federal funds trading in a range from 0 to 1/4 percent. The Committee directs the Desk to undertake open market operations as necessary to maintain such conditions. The Desk is directed to continue purchasing longer-term Treasury securities at a pace of about $45 billion per month and to continue purchasing agency mortgage-backed securities at a pace of about $40 billion per month. The Committee also directs the Desk to engage in dollar roll and coupon swap transactions as necessary to facilitate settlement of the Federal Reserve’s agency MBS transactions. The Committee directs the Desk to maintain its policy of rolling over maturing Treasury securities into new issues and its policy of reinvesting principal payments on all agency debt and agency mortgage-backed securities in agency mortgage-backed securities. The System Open Market Account Manager and the Secretary will keep the Committee informed of ongoing developments regarding the System’s balance sheet that could affect the attainment over time of the Committee’s objectives of 1 Copies of the Minutes of the Federal Open Market Committee at its meeting held on January 29–30, 2013, which includes the domestic policy directive issued at the meeting, are available upon request to the Board of Governors of the Federal Reserve System, Washington, DC 20551. The minutes are published in the Federal Reserve Bulletin and in the Board’s Annual Report. VerDate Mar<15>2010 19:12 Feb 27, 2013 Jkt 229001 HTC America, Inc.; Analysis of Proposed Consent Order To Aid Public Comment Federal Trade Commission. Proposed Consent Agreement. AGENCY: ACTION: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices or unfair methods of competition. The attached Analysis To Aid Public Comment describes both the allegations in the draft complaint and the terms of the consent order—embodied in the consent agreement—that would settle these allegations. SUMMARY: Comments must be received on or before March 22, 2013. ADDRESSES: Interested parties may file a comment at https:// ftcpublic.commentworks.com/ftc/ htcamericaconsent online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write ‘‘HTC America, File No. 122 3049’’ on your comment and file your comment online at https:// ftcpublic.commentworks.com/ftc/ htcamericaconsent by following the instructions on the web-based form. If you prefer to file your comment on paper, mail or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Room H–113 (Annex D), 600 Pennsylvania Avenue NW., Washington, DC 20580. FOR FURTHER INFORMATION CONTACT: Nithan Sannappa (202–326–2674) or Jonathan E. Zimmerman (202–326– 2049), FTC, Bureau of Consumer Protection, 600 Pennsylvania Avenue NW., Washington, DC 20580. SUPPLEMENTARY INFORMATION: Pursuant to Section 6(f) of the Federal Trade Commission Act, 15 U.S.C. 46(f), and FTC Rule 2.34, 16 CFR 2.34, notice is hereby given that the above-captioned consent agreement containing a consent order to cease and desist, having been filed with and accepted, subject to final DATES: PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 13673 approval, by the Commission, has been placed on the public record for a period of thirty (30) days. The following Analysis To Aid Public Comment describes the terms of the consent agreement, and the allegations in the complaint. An electronic copy of the full text of the consent agreement package can be obtained from the FTC Home Page (for February 22, 2013), on the World Wide Web, at http:// www.ftc.gov/os/actions.shtm. A paper copy can be obtained from the FTC Public Reference Room, Room 130–H, 600 Pennsylvania Avenue NW., Washington, DC 20580, either in person or by calling (202) 326–2222. You can file a comment online or on paper. For the Commission to consider your comment, we must receive it on or before March 22, 2013. Write ‘‘HTC America, File No. 122 3049’’ on your comment. Your comment ‘‘including your name and your state’’ will be placed on the public record of this proceeding, including, to the extent practicable, on the public Commission Web site, at http://www.ftc.gov/os/ publiccomments.shtm. As a matter of discretion, the Commission tries to remove individuals’ home contact information from comments before placing them on the Commission Web site. Because your comment will be made public, you are solely responsible for making sure that your comment does not include any sensitive personal information, like anyone’s Social Security number, date of birth, driver’s license number or other state identification number or foreign country equivalent, passport number, financial account number, or credit or debit card number. You are also solely responsible for making sure that your comment does not include any sensitive health information, like medical records or other individually identifiable health information. In addition, do not include any ‘‘[t]rade secret or any commercial or financial information which * * * is privileged or confidential,’’ as discussed in Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2). In particular, do not include competitively sensitive information such as costs, sales statistics, inventories, formulas, patterns, devices, manufacturing processes, or customer names. If you want the Commission to give your comment confidential treatment, you must file it in paper form, with a request for confidential treatment, and you have to follow the procedure explained in FTC Rule 4.9(c), 16 CFR E:\FR\FM\28FEN1.SGM 28FEN1

Agencies

[Federal Register Volume 78, Number 40 (Thursday, February 28, 2013)]
[Notices]
[Pages 13671-13673]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-04694]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2013-N-02]


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 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 will submit a request to OMB for regular review and approval to 
renew the information collection for a three-year period. The control 
number is due to expire on February 28, 2013.

DATES: Interested persons may submit comments on or before April 1, 
2013.
    Comments: Submit written 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. Please also submit them to FHFA using any of 
the following methods:
     Email: RegComments@fhfa.gov. Please include Proposed 
Collection; Comment Request: Affordable Housing Program (AHP) (No. 
2013-N-02) 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. 2013-N-02).
     Federal eRulemaking Portal: http://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 http://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

[[Page 13672]]

telecommunications device for the hearing impaired 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).\1\ 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.\2\
---------------------------------------------------------------------------

    \1\ See 12 U.S.C. 1430(j)(1) and (2).
    \2\ 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).\3\ 
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.\4\ 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.\5\ 
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.
---------------------------------------------------------------------------

    \3\ See 12 CFR 1291.5.
    \4\ See 12 CFR 1291.6.
    \5\ See 12 CFR 1291.6(c)(4).
---------------------------------------------------------------------------

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 requirements are found in FHFA's Data Reporting 
Manual (DRM).\6\
---------------------------------------------------------------------------

    \6\ See Resolution Numberhttp://www.fhfa.gov/Default.aspx?Page=256&ListYear=2006&ListCategory=9#9|2006 2006-13 (available electronically in 
the FOIA Reading Room: http://www.fhfa.gov/Default.aspx?Page=256&ListYear=2006&ListCategory=9#9|2006http://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 and non-
member entities that receive or apply for AHP subsidies or grants 
through a Bank member.

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

    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

    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

    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

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

    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

    FHFA published a notice requesting comments on renewal of this 
information collection on December 26, 2012. See 78 FR 76037. No 
comments were received. This notice requests written comments 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 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 Bank members 
and AHP applicants and recipients, including through the use of 
automated collection techniques or

[[Page 13673]]

other forms of information technology. Comments may be submitted in 
writing as instructed above in the Comments section.

    Dated: February 25, 2013.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2013-04694 Filed 2-27-13; 8:45 am]
BILLING CODE 8070-01-P