Proposed Collection; Comment Request, 69820-69822 [2016-24345]
Download as PDF
69820
Federal Register / Vol. 81, No. 195 / Friday, October 7, 2016 / Notices
mstockstill on DSK3G9T082PROD with NOTICES
Both the Bank Act and FHFA’s
regulations state that a Bank’s capital
plan must require its members to
maintain a minimum investment in the
Bank’s capital stock, but both permit
each Bank to determine for itself what
that minimum investment is and how
each member’s required minimum
investment is to be calculated.3
Although each Bank’s capital plan
establishes a slightly different method
for calculating the required minimum
stock investment for its members, each
Bank’s method is tied to some degree to
both the level of assets held by the
member institution (typically referred to
as a ‘‘membership stock purchase
requirement’’) and the amount of
advances or other business engaged in
between the member and the Bank
(typically referred to as an ‘‘activitybased stock purchase requirement’’).
A Bank must collect information from
its members to determine the minimum
capital stock investment each member is
required to maintain at any point in
time. Although the information needed
to calculate a member’s required
minimum investment and the precise
method through which it is collected
differ somewhat from Bank to Bank, the
Banks typically collect two types of
information. First, in order to calculate
and monitor compliance with its
membership stock purchase
requirement, a Bank typically requires
each member to provide and/or confirm
a quarterly report on the amount and
types of assets held by that institution.
Second, each time a Bank engages in a
business transaction with a member, the
Bank typically confirms with the
member the amount of additional Bank
capital stock, if any, the member must
acquire in order to satisfy the Bank’s
activity-based stock purchase
requirement and the method through
which the member will acquire that
stock.
The OMB number for the information
collection is 2590–0002, which is due to
expire on December 31, 2016. The likely
respondents include current and former
Bank members and institutions applying
for Bank membership.
B. Burden Estimate
FHFA has analyzed the time burden
imposed on respondents by the two
collections under this control number
and estimates that the average total
annual hour burden imposed on all
respondents over the next three years
will be 33,818 hours. The estimate for
each collection was calculated as
follows:
3 12 U.S.C. 1426(c)(1); 12 CFR 1277.22,
1277.28(a).
VerDate Sep<11>2014
17:36 Oct 06, 2016
Jkt 241001
I. Membership Stock Purchase
Requirement Submissions
FEDERAL HOUSING FINANCE
AGENCY
FHFA estimates that the average
annual number of current and former
members and applicants for
membership required to report
information needed to calculate a
membership stock purchase
requirement will be 7,320, and that each
institution will submit 4 quarterly
reports per year, resulting in an
estimated total of 29,280 submissions
annually. The estimate for the average
time required to prepare, review, and
submit each report is 0.71 hours.
Accordingly, the estimate for the annual
hour burden associated with
membership stock purchase
requirement submissions is (29,280
reports × 0.71 hours per report) = 20,789
hours.
[No. 2016–N–10]
II. Activity-Based Stock Purchase
Requirement Submissions
FHFA estimates that the average
number of daily transactions between
Banks and members that will require the
exchange of information to confirm the
member’s activity-based stock purchase
requirement will be 312, and that there
will be an average of 261 working days
per year, resulting in an estimated
81,432 submissions annually. The
estimate for the average preparation
time per submission is 0.16 hours.
Accordingly, the estimate for the annual
hour burden associated with activitybased stock purchase requirement
submissions is (81,432 submissions ×
0.16 hours per submission) = 13,029
hours.
C. Comment Request
FHFA requests written comments on
the following: (1) Whether the collection
of information is necessary for the
proper performance of FHFA functions,
including whether the information has
practical utility; (2) The accuracy of
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 survey
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Dated: September 30, 2016.
Kevin Winkler,
Chief Information Officer, Federal Housing
Finance Agency.
[FR Doc. 2016–24353 Filed 10–6–16; 8:45 am]
BILLING CODE 8070–01–P
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
Proposed Collection; Comment
Request
Federal Housing Finance
Agency.
ACTION: 60-Day notice of submission of
information collection for approval from
Office of Management and Budget.
AGENCY:
In accordance with the
requirements of the Paperwork
Reduction Act of 1995, the Federal
Housing Finance Agency (FHFA or the
Agency) is seeking public comments
concerning the currently-approved
information collection known as
‘‘Members of the Banks,’’ which has
been assigned control number 2590–
0003 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 December 31, 2016.
DATES: Interested persons may submit
comments on or before December 6,
2016.
ADDRESSES: Submit comments to FHFA,
identified by ‘‘Proposed Collection;
Comment Request: ‘Members of the
Banks, (No. 2016–N–10)’ ’’ by any of the
following methods:
• Agency Web site: www.fhfa.gov/
open-for-comment-or-input.
• 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.
• Mail/Hand Delivery: Federal
Housing Finance Agency, Eighth Floor,
400 Seventh Street SW., Washington,
DC 20219, ATTENTION: Proposed
Collection; Comment Request:
‘‘Members of the Banks, (No. 2016–N–
10)’’.
We will post all public comments we
receive without change, including any
personal information you provide, such
as your name and address, email
address, and telephone number, on the
FHFA Web site at https://www.fhfa.gov.
In addition, copies of all comments
received will be available for
examination by the public on business
days between the hours of 10 a.m. and
3 p.m., at the Federal Housing Finance
Agency, Eighth Floor, 400 Seventh
Street SW., Washington, DC 20219. To
make an appointment to inspect
comments, please call the Office of
General Counsel at (202) 649–3804.
SUMMARY:
E:\FR\FM\07OCN1.SGM
07OCN1
Federal Register / Vol. 81, No. 195 / Friday, October 7, 2016 / Notices
FOR FURTHER INFORMATION CONTACT:
mstockstill on DSK3G9T082PROD with NOTICES
Jonathan F. Curtis, Financial Analyst,
Division of Federal Home Loan Bank
Regulation, by email at
Jonathan.Curtisj@fhfa.gov or by
telephone at (202) 649–3321; or Eric
Raudenbush, Associate General
Counsel, by email at Eric.Raudenbush@
fhfa.gov or by telephone at (202) 649–
3084, (these are not toll-free numbers),
Federal Housing Finance Agency, 400
Seventh Street SW., Washington, DC
20219. The Telecommunications Device
for the Hearing Impaired is (800) 877–
8339.
SUPPLEMENTARY INFORMATION:
A. Need for and Use of the Information
Collection
The Federal Home Loan Bank System
consists of eleven regional Federal
Home Loan Banks (Banks) and the
Office of Finance (a joint office that
issues and services the Banks’ debt
securities). The Banks are wholesale
financial institutions, organized under
authority of the Federal Home Loan
Bank Act (Bank Act) to serve the public
interest by enhancing the availability of
residential housing finance and
community lending credit through their
member institutions and, to a limited
extent, through certain eligible
nonmembers. Each Bank is structured as
a regional cooperative that is owned and
controlled by member institutions
located within its district, which are
also its primary customers. The Banks
carry out their public policy functions
primarily by providing low cost loans,
known as advances, to their members.
With limited exceptions, an institution
may obtain advances and access other
products and services provided by a
Bank only if it is member of that Bank.
The Bank Act limits membership in
any Bank to specific types of financial
institutions located within the Bank’s
district that meet specific eligibility
requirements. Section 4 of the Bank Act
specifies the types of institutions that
may be eligible for membership and
establishes eligibility requirements that
each type of applicant must meet in
order to become a Bank member.1 That
provision also specifies that (with
limited exceptions) an eligible
institution may become a member only
of the Bank of the district in which the
institution’s ‘‘principal place of
business’’ is located.2 With respect to
the termination of Bank membership,
section 6(d) of the Bank Act sets forth
requirements pursuant to which an
institution may voluntarily withdraw
from membership or a Bank may
1 12
2 12
U.S.C. 1424(a).
U.S.C. 1424(b).
VerDate Sep<11>2014
17:36 Oct 06, 2016
Jkt 241001
terminate an institution’s membership
for cause.3
FHFA’s regulation entitled ‘‘Members
of the Banks,’’ located at 12 CFR part
1263, implements those statutory
provisions and otherwise establishes
substantive and procedural
requirements relating to the initiation
and termination of Bank membership.
Many of the provisions in the
membership regulation require that an
institution submit information to a Bank
or to FHFA, in most cases to
demonstrate compliance with statutory
or regulatory requirements or to request
action by the Bank or Agency.
In total, there are four types of
information collections that may occur
under part 1263. First, the regulation
provides that (with limited exceptions)
no institution may become a member of
a Bank unless it has submitted to that
Bank an application that documents the
applicant’s compliance with the
statutory and regulatory membership
eligibility requirements and that
otherwise includes all required
information and materials.4 Second, the
regulation provides applicants that have
been denied membership by a Bank the
option of appealing the decision to
FHFA. To file such an appeal, an
applicant must submit to FHFA a copy
of the Bank’s decision resolution
denying its membership application and
a statement of the basis for the appeal
containing sufficient facts, information,
and analysis to support the applicant’s
position.5 Third, the regulation provides
that, in order to initiate a voluntary
withdrawal from Bank membership, a
member submit to its Bank a written
notice of intent to withdraw.6 Fourth,
under certain circumstances, the
regulation permits a member of one
Bank to transfer its membership to a
second Bank ‘‘automatically’’ without
either initiating a voluntary withdrawal
from the first Bank or submitting a
membership application to the second
Bank. Despite the regulatory reference to
such a transfer as being ‘‘automatic,’’ a
member meeting the criteria for an
automatic transfer must initiate the
transfer process by filing a request with
its current Bank, which will then
arrange the details of the transfer with
the second Bank.7
The Banks use most of the
information collected under part 1263 to
determine whether an applicant satisfies
the statutory and regulatory
3 12
U.S.C. 1426(d).
CFR 1263.2(a), 1263.6–1263.9, 1263.11–
1263.18.
5 12 CFR 1263.5.
6 12 CFR 1263.26.
7 12 CFR 1263.4(b), 1263.18(d), (e).
4 12
PO 00000
Frm 00044
Fmt 4703
Sfmt 4703
69821
requirements for Bank membership and
should be approved as a Bank member.
The Banks may use some of the
information collected under part 1263
as a means of learning that a member
wishes to withdraw or to transfer its
membership to a different Bank so that
the Bank can begin to process those
requests. In rare cases, FHFA may use
the collected information to determine
whether an institution that has been
denied membership by a Bank should
be permitted to become a member of
that Bank.
The OMB control number for this
information collection is 2590–0003,
which is due to expire on December 31,
2016. The likely respondents are
financial institutions that are, or are
applying to become, Bank members.
B. Burden Estimate
FHFA has analyzed the time burden
imposed on respondents by the four
collections under this control number
and estimates that the average annual
burden imposed on all respondents by
those collections over the next three
years will be 2,193 hours. This estimate
is derived from the following
calculations:
I. Membership Applications
FHFA estimates that the average
number of applications for Bank
membership submitted annually will be
151 and that the average time to prepare
and submit an application and
supporting materials will be 11.7 hours.
Accordingly, the estimate for the annual
hour burden associated with
preparation and submission of
applications for Bank membership is
(151 applications × 11.7 hours per
application) = 1,767 hours.
II. Appeals of Membership Denial
FHFA estimates that the average
number of applicants that have been
denied membership by a Bank that will
appeal such a denial to FHFA will be 1
and that the average time to prepare and
submit an application for appeal will be
10 hours. Accordingly, the estimate for
the annual hour burden associated with
the preparation and submission of
membership appeals is (1 appellants ×
10 hours per application) = 10 hours.
III. Notices of Intent To Withdraw From
Membership
FHFA estimates that the average
number of Bank members submitting a
notice of intent to withdraw from
membership annually will be 276 and
that the average time to prepare and
submit a notice will be 1.5 hours.
Accordingly, the estimate for the annual
hour burden associated with
E:\FR\FM\07OCN1.SGM
07OCN1
69822
Federal Register / Vol. 81, No. 195 / Friday, October 7, 2016 / Notices
preparation and submission of notices
of intent to withdraw is (276
withdrawing members × 1.5 hours per
application) = 414 hours.
IV. Requests for Automatic Transfer of
Membership
FHFA estimates that the average
number of Bank members submitting a
request for automatic transfer to another
Bank will be 1 and that the average time
to prepare and submit a request will be
1.5 hours. Accordingly, the estimate for
the annual hour burden associated with
preparation and submission of requests
for automatic transfer is (1 transferring
member × 1.5 hours per request) = 1.5
hours.
C. Comment Request
FHFA requests written comments on
the following: (1) Whether the collection
of information is necessary for the
proper performance of FHFA functions,
including whether the information has
practical utility; (2) The accuracy of
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 survey
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Dated: September 30, 2016.
Kevin Winkler,
Chief Information Officer, Federal Housing
Finance Agency.
[FR Doc. 2016–24345 Filed 10–6–16; 8:45 am]
BILLING CODE 8070–01–P
GENERAL SERVICES
ADMINISTRATION
[Notice-MA–2016–07; Docket No. 2016–
0002; Sequence No. 7]
Interagency Per Diem Working Group
Meeting Concerning Boundaries To
Set Continental United States Lodging
and Meals and Incidental Per Diem
Reimbursement Rates
Office of Government-wide
Policy (OGP), General Services
Administration (GSA).
ACTION: Notice of meeting.
AGENCY:
The Interagency Per Diem
Working Group (IPDWG) is meeting to
discuss studying the process of setting
continental United States (CONUS)
Non-Standard Area (NSA) boundaries
for lodging maximum reimbursement
rates and meals and incidental expense
(M&IE) per diem reimbursement rates.
The purpose of the study would be to
mstockstill on DSK3G9T082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:36 Oct 06, 2016
Jkt 241001
recommend whether the NSA boundarysetting process should be replaced,
changed, or maintained as is. Interested
parties are invited to attend and provide
comments.
DATES: The meeting will be held on
Thursday, October 27, 2016, beginning
at 10:00 a.m. Eastern Standard Time,
ending no later than 3:00 p.m. Eastern
Standard Time.
ADDRESSES: The meeting will be held in
the GSA Auditorium, located at the GSA
Central Office, 1800 F Street NW.,
Washington, DC, 20405.
FOR FURTHER INFORMATION CONTACT: Mr.
Cy Greenidge, Office of Governmentwide Policy, Office of Asset and
Transportation Management, at 202–
219–2349, or by email at travelpolicy@
gsa.gov.
SUPPLEMENTARY INFORMATION: Pursuant
to 5 U.S.C. 5702, the Administrator of
General Services (GSA) sets the
maximum lodging allowance and M&IE
reimbursement rates for CONUS
locations. Each year, GSA sets a
standard maximum lodging allowance
and M&IE reimbursement rates to cover
the majority of CONUS. GSA also sets
individual rates for each established
NSA. The current methodology for
setting rates was established by an
independent Federal Advisory
Committee in 2006. Another Federal
Advisory Committee, chartered in 2013,
validated the existing methodology. The
latter Committee had a full briefing and
discussed the overall per diem
methodology, but did not specifically
evaluate setting NSA boundaries.
Under the current methodology, NSA
boundaries are set as a single county
unless an exception is made. As of
FY2017, 68 of the 346 CONUS NSAs, or
approximately 20 percent, have an
exception for one of three reasons: (1)
Historically the boundary was set that
way, (2) an agency requested that a onecounty boundary be adjusted to meet
official needs, or (3) the survey
methodology required inclusion of
multiple counties to have sufficient data
to establish a rate.
Authority: 5 U.S.C. 5707.
Meeting Access: The meeting is open
to the public. Those wishing to attend
must do so in person. Teleconferencing
will not be available.
Registration: Interested parties must
register by October 21, 2016 via email at
travelpolicy@gsa.gov. Please provide
your full name to expedite entrance into
the building. To gain entry into the
Federal building where the meeting is
being held, public attendees who are
Federal employees should bring their
Federal employee identification cards,
and members of the general public
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
should bring their driver’s license or a
government-issued photo identification
card. Seating will be capped at 275
people on a first-come, first-served
basis.
Procedures for Providing Comments:
Written comments will be accepted
until November 4, 2016, for
consideration. Please email comments
to travelpolicy@gsa.gov with
attachments being no more than three
pages. Any registrant who wishes to
comment orally at the meeting will be
limited to 10 minutes. All comments
from the public, including attachments
and other supporting materials received,
are subject to public disclosure.
Dated: October 3, 2016.
Troy Cribb,
Associate Administrator, Office of
Government-wide Policy.
[FR Doc. 2016–24263 Filed 10–6–16; 8:45 am]
BILLING CODE 6820–14–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
National Health and Nutrition
Examination Survey (NHANES) DNA
Specimens: Guidelines for Proposals
To Use Specimens and Cost Schedule
Centers for Disease Control and
Prevention (CDC), Department of Health
and Human Services (HHS).
ACTION: Notice.
AGENCY:
The Centers for Disease
Control and Prevention (CDC), located
within the Department of Health and
Human Services (HHS) announces
reopening of the National Center for
Health Statistics’ (NCHS) National
Health and Nutrition Examination
Survey (NHANES) DNA Specimen
Repository for research proposals. Blood
samples for DNA purification were
collected from study participants during
NHANES III, NHANES 1999–2000,
NHANES 2001–02, NHANES 2007–08,
and NHANES 2009–10 (Office of
Management and Budget Control
Numbers 0920–0237/0920–0950).
Samples from these DNA Specimens are
being made available to the research
community for genetic testing. The
information gained from research using
these samples can be combined with the
extensive amount of information
available in NHANES which describes
the prevalence/trends of disease,
nutrition, risk behaviors, and
environmental exposures in the US
population. A more complete
description of this program follows.
SUMMARY:
E:\FR\FM\07OCN1.SGM
07OCN1
Agencies
[Federal Register Volume 81, Number 195 (Friday, October 7, 2016)]
[Notices]
[Pages 69820-69822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24345]
-----------------------------------------------------------------------
FEDERAL HOUSING FINANCE AGENCY
[No. 2016-N-10]
Proposed Collection; Comment Request
AGENCY: Federal Housing Finance Agency.
ACTION: 60-Day notice of submission of information collection for
approval from Office of Management and Budget.
-----------------------------------------------------------------------
SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995, the Federal Housing Finance Agency (FHFA or the Agency) is
seeking public comments concerning the currently-approved information
collection known as ``Members of the Banks,'' which has been assigned
control number 2590-0003 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 December 31, 2016.
DATES: Interested persons may submit comments on or before December 6,
2016.
ADDRESSES: Submit comments to FHFA, identified by ``Proposed
Collection; Comment Request: `Members of the Banks, (No. 2016-N-10)' ''
by any of the following methods:
Agency Web site: www.fhfa.gov/open-for-comment-or-input.
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.
Mail/Hand Delivery: Federal Housing Finance Agency, Eighth
Floor, 400 Seventh Street SW., Washington, DC 20219, ATTENTION:
Proposed Collection; Comment Request: ``Members of the Banks, (No.
2016-N-10)''.
We will post all public comments we receive without change,
including any personal information you provide, such as your name and
address, email address, and telephone number, on the FHFA Web site at
https://www.fhfa.gov. In addition, copies of all comments received will
be available for examination by the public on business days between the
hours of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency,
Eighth Floor, 400 Seventh Street SW., Washington, DC 20219. To make an
appointment to inspect comments, please call the Office of General
Counsel at (202) 649-3804.
[[Page 69821]]
FOR FURTHER INFORMATION CONTACT: Jonathan F. Curtis, Financial Analyst,
Division of Federal Home Loan Bank Regulation, by email at
Jonathan.Curtisj@fhfa.gov or by telephone at (202) 649-3321; or Eric
Raudenbush, Associate General Counsel, by email at
Eric.Raudenbush@fhfa.gov or by telephone at (202) 649-3084, (these are
not toll-free numbers), Federal Housing Finance Agency, 400 Seventh
Street SW., Washington, DC 20219. The Telecommunications Device for the
Hearing Impaired is (800) 877-8339.
SUPPLEMENTARY INFORMATION:
A. Need for and Use of the Information Collection
The Federal Home Loan Bank System consists of eleven regional
Federal Home Loan Banks (Banks) and the Office of Finance (a joint
office that issues and services the Banks' debt securities). The Banks
are wholesale financial institutions, organized under authority of the
Federal Home Loan Bank Act (Bank Act) to serve the public interest by
enhancing the availability of residential housing finance and community
lending credit through their member institutions and, to a limited
extent, through certain eligible nonmembers. Each Bank is structured as
a regional cooperative that is owned and controlled by member
institutions located within its district, which are also its primary
customers. The Banks carry out their public policy functions primarily
by providing low cost loans, known as advances, to their members. With
limited exceptions, an institution may obtain advances and access other
products and services provided by a Bank only if it is member of that
Bank.
The Bank Act limits membership in any Bank to specific types of
financial institutions located within the Bank's district that meet
specific eligibility requirements. Section 4 of the Bank Act specifies
the types of institutions that may be eligible for membership and
establishes eligibility requirements that each type of applicant must
meet in order to become a Bank member.\1\ That provision also specifies
that (with limited exceptions) an eligible institution may become a
member only of the Bank of the district in which the institution's
``principal place of business'' is located.\2\ With respect to the
termination of Bank membership, section 6(d) of the Bank Act sets forth
requirements pursuant to which an institution may voluntarily withdraw
from membership or a Bank may terminate an institution's membership for
cause.\3\
---------------------------------------------------------------------------
\1\ 12 U.S.C. 1424(a).
\2\ 12 U.S.C. 1424(b).
\3\ 12 U.S.C. 1426(d).
---------------------------------------------------------------------------
FHFA's regulation entitled ``Members of the Banks,'' located at 12
CFR part 1263, implements those statutory provisions and otherwise
establishes substantive and procedural requirements relating to the
initiation and termination of Bank membership. Many of the provisions
in the membership regulation require that an institution submit
information to a Bank or to FHFA, in most cases to demonstrate
compliance with statutory or regulatory requirements or to request
action by the Bank or Agency.
In total, there are four types of information collections that may
occur under part 1263. First, the regulation provides that (with
limited exceptions) no institution may become a member of a Bank unless
it has submitted to that Bank an application that documents the
applicant's compliance with the statutory and regulatory membership
eligibility requirements and that otherwise includes all required
information and materials.\4\ Second, the regulation provides
applicants that have been denied membership by a Bank the option of
appealing the decision to FHFA. To file such an appeal, an applicant
must submit to FHFA a copy of the Bank's decision resolution denying
its membership application and a statement of the basis for the appeal
containing sufficient facts, information, and analysis to support the
applicant's position.\5\ Third, the regulation provides that, in order
to initiate a voluntary withdrawal from Bank membership, a member
submit to its Bank a written notice of intent to withdraw.\6\ Fourth,
under certain circumstances, the regulation permits a member of one
Bank to transfer its membership to a second Bank ``automatically''
without either initiating a voluntary withdrawal from the first Bank or
submitting a membership application to the second Bank. Despite the
regulatory reference to such a transfer as being ``automatic,'' a
member meeting the criteria for an automatic transfer must initiate the
transfer process by filing a request with its current Bank, which will
then arrange the details of the transfer with the second Bank.\7\
---------------------------------------------------------------------------
\4\ 12 CFR 1263.2(a), 1263.6-1263.9, 1263.11-1263.18.
\5\ 12 CFR 1263.5.
\6\ 12 CFR 1263.26.
\7\ 12 CFR 1263.4(b), 1263.18(d), (e).
---------------------------------------------------------------------------
The Banks use most of the information collected under part 1263 to
determine whether an applicant satisfies the statutory and regulatory
requirements for Bank membership and should be approved as a Bank
member. The Banks may use some of the information collected under part
1263 as a means of learning that a member wishes to withdraw or to
transfer its membership to a different Bank so that the Bank can begin
to process those requests. In rare cases, FHFA may use the collected
information to determine whether an institution that has been denied
membership by a Bank should be permitted to become a member of that
Bank.
The OMB control number for this information collection is 2590-
0003, which is due to expire on December 31, 2016. The likely
respondents are financial institutions that are, or are applying to
become, Bank members.
B. Burden Estimate
FHFA has analyzed the time burden imposed on respondents by the
four collections under this control number and estimates that the
average annual burden imposed on all respondents by those collections
over the next three years will be 2,193 hours. This estimate is derived
from the following calculations:
I. Membership Applications
FHFA estimates that the average number of applications for Bank
membership submitted annually will be 151 and that the average time to
prepare and submit an application and supporting materials will be 11.7
hours. Accordingly, the estimate for the annual hour burden associated
with preparation and submission of applications for Bank membership is
(151 applications x 11.7 hours per application) = 1,767 hours.
II. Appeals of Membership Denial
FHFA estimates that the average number of applicants that have been
denied membership by a Bank that will appeal such a denial to FHFA will
be 1 and that the average time to prepare and submit an application for
appeal will be 10 hours. Accordingly, the estimate for the annual hour
burden associated with the preparation and submission of membership
appeals is (1 appellants x 10 hours per application) = 10 hours.
III. Notices of Intent To Withdraw From Membership
FHFA estimates that the average number of Bank members submitting a
notice of intent to withdraw from membership annually will be 276 and
that the average time to prepare and submit a notice will be 1.5 hours.
Accordingly, the estimate for the annual hour burden associated with
[[Page 69822]]
preparation and submission of notices of intent to withdraw is (276
withdrawing members x 1.5 hours per application) = 414 hours.
IV. Requests for Automatic Transfer of Membership
FHFA estimates that the average number of Bank members submitting a
request for automatic transfer to another Bank will be 1 and that the
average time to prepare and submit a request will be 1.5 hours.
Accordingly, the estimate for the annual hour burden associated with
preparation and submission of requests for automatic transfer is (1
transferring member x 1.5 hours per request) = 1.5 hours.
C. Comment Request
FHFA requests written comments on the following: (1) Whether the
collection of information is necessary for the proper performance of
FHFA functions, including whether the information has practical
utility; (2) The accuracy of 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 survey respondents,
including through the use of automated collection techniques or other
forms of information technology.
Dated: September 30, 2016.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2016-24345 Filed 10-6-16; 8:45 am]
BILLING CODE 8070-01-P