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: https://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 https://
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: 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
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: https://
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 https://
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 https://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]
=======================================================================
-----------------------------------------------------------------------
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: 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
[[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 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 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