Proposed Collection; Comment Request, 3320-3324 [2017-00435]

Download as PDF 3320 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices collections contained in the Interagency Guidance are needed by institutions to manage their asset securitization activities in a safe and sound manner. Bank management uses this information as the basis for the safe and sound operation of their asset securitization activities and to ensure that they minimize operational risk in these activities. Request for Comment Comments are invited on: (a) Whether the collections of information are necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the collections of information, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collections of information on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Dated at Washington, DC, this 5th day of January 2017. Federal Deposit Insurance Corporation. Valerie J. Best, Assistant Executive Secretary. [FR Doc. 2017–00362 Filed 1–10–17; 8:45 am] BILLING CODE 6714–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2017–N–01] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: 30-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 information collection known as ‘‘Community Support Requirements,’’ which was assigned control number 2590–0005 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for review and approval of a reinstatement of the control number, which expired on February 29, 2016, for a period of three years. sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:05 Jan 10, 2017 Jkt 241001 Interested persons may submit comments on or before February 10, 2017. ADDRESSES: Submit comments to the Office of Information and Regulatory Affairs of the Office of Management and Budget, Attention: Desk Officer for the Federal Housing Finance Agency, Washington, DC 20503, Fax: (202) 395– 3047, Email: OIRA_submission@ omb.eop.gov. Please also submit comments to FHFA, identified by ‘‘Proposed Collection; Comment Request: ‘Community Support Requirements, (No. 2017–N–01)’ ’’ by any of the following methods: • Agency Web site: www.fhfa.gov/ open-for-comment-or-input. • 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. • Courier/Hand Delivery, U.S. Mail, United Parcel Service, Federal Express, or Other Mail Service: The mailing address for comments is: Alfred M. Pollard, General Counsel, Federal Housing Finance Agency, 400 Seventh Street SW., Eighth Floor, Washington, DC 20219. Courier/Hand Delivery packages must be delivered on business days between 9 a.m. and 5 p.m. 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 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 20219. To make an appointment to inspect comments, please call the Office of General Counsel at (202) 649–3804. FOR FURTHER INFORMATION CONTACT: Deattra D. Perkins, Senior Policy Analyst, Division of Housing Mission & Goals, Deattra.Perkins@fhfa.gov, (202) 649–3133; or Sylvia C. Martinez, Manager, Federal Home Loan Bank Housing and Community Investment Programs, Division of Housing Mission & Goals, Sylvia.Martinez@fhfa.gov, (202) 649–3301 (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: DATES: PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 A. Background The Federal Home Loan Bank System consists of eleven regional Federal Home Loan Banks (Banks) and the Office of Finance (a joint office of the Banks that issues and services their 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 eligible non-member ‘‘housing associates.’’ 1 Each Bank is structured as a regional cooperative that is owned and controlled by member financial institutions located within its district, which are also its primary customers. Section 10(g)(1) of the Bank Act requires the Director of FHFA to promulgate regulations establishing standards of community investment or service that Bank member institutions must meet in order to maintain access to long-term advances (i.e., loans with a maturity of five years or greater made by a Bank to a member).2 Section 10(g)(2) of the Bank Act requires that, in establishing these community support requirements for Bank members, FHFA take into account factors such as the member’s performance under the Community Reinvestment Act of 1977 (CRA)3 and record of lending to firsttime homebuyers.4 FHFA’s community support regulation, which establishes standards and review criteria for determining compliance with section 10(g) of the Bank Act, is set forth at 12 CFR part 1290. Part 1290 requires that each Bank member submit to FHFA biennially a completed Community Support Statement (Form 060), which contains several short questions the answers to which are used by FHFA to assess the responding member’s compliance with the community support standards.5 Previously, this was accomplished by requiring approximately one-eighth of all members to submit a completed Form in each calendar quarter of a twoyear review cycle. Under new streamlined procedures that FHFA is in the process of implementing, all members subject to community support review will be required to submit a 1 Certain non-member entities are permitted by statute to engage in limited business activities with a Bank. See 12 U.S.C. 1430b. FHFA’s regulations refer to these entities as ‘‘housing associates.’’ See 12 CFR part 1264. 2 See 12 U.S.C. 1430(g)(1). 3 12 U.S.C. 2901 et seq. 4 See 12 U.S.C. 1430(g)(2). 5 See 12 CFR 1290.2(b). E:\FR\FM\11JAN1.SGM 11JAN1 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices completed Form 060 at approximately the same time every two years.6 FHFA has revised Form 060 to reflect the new streamlined procedures. These revisions reduce slightly the number of questions on the Form and modify the formatting so that members will be able to complete and submit the Form online. In substance, the revised Form 060 is materially the same as the existing Form. In part I of the Form, a member that is subject to the CRA must record its most recent CRA rating and the year of that rating. Part II of the Form addresses a member’s efforts to assist first-time homebuyers. A member may either record the number and dollar amount of mortgage loans made to firsttime homebuyers in the previous or current calendar year (part II.A), or indicate the types of programs or activities it has undertaken to assist first-time homebuyers by checking selections from a list (part II.B), or do both. If a member has received a CRA rating of ‘‘Outstanding,’’ it need not complete part II of the Form. A copy of the revised Form and related instructions appear at the end of this Notice. Part 1290 also establishes the circumstances under which FHFA will restrict a member’s access to long-term Bank advances and to Affordable Housing Program (AHP), Community Investment Program (CIP) and Community Investment Cash Advance (CICA) programs for failure to meet the community support requirements.7 It permits Bank members whose access to long-term advances has been restricted to apply directly to FHFA to remove the restriction if certain criteria are met.8 5 See 12 CFR 1290.2(b). 12 CFR 1290.2(a). 7 See 12 CFR 1290.5(b), (e). sradovich on DSK3GMQ082PROD with NOTICES 19:05 Jan 10, 2017 FHFA uses the information collection contained in FHFA Form 060 and part 1290 to determine whether Bank members satisfy the statutory and regulatory community support requirements and to ensure that, as required by statute and regulation, only Bank members that meet those requirements maintain continued access to long-term Bank advances and to AHP, CIP, and CICA programs. C. Burden Estimate FHFA has analyzed the two facets of this information collection in order to estimate the hour burdens that the collection will impose upon Bank members annually over the next three years. Based on that analysis, FHFA estimates that the total annual hour burden will be 2,287 hours. The method FHFA used to determine the annual hour burden for each facet of the information collection is explained in detail below. I. Community Support Statements FHFA estimates that, on average over the next several years, 7,000 Bank members will be required to submit completed Community Support Statements biennially. This corresponds to an annual average of 3,500 respondents. FHFA estimates that the average preparation time for each Community Support Statement will be 0.65 hours. The estimate for the total annual hour burden on Bank members in connection with the preparation and submission of Community Support Statements is 2,275 hours (3,500 Statements × 0.65 hours). II. Requests To Remove a Restriction on Access to Long-Term Advances FHFA estimates that an annual average of 16 Bank members whose 6 See VerDate Sep<11>2014 B. Need for and Use of the Information Collection Jkt 241001 PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 3321 access to long-term advances and to AHP, CIP, and CICA programs has been restricted will submit requests to FHFA to remove those restrictions, and that the average preparation time for each request will be 0.75 hours. The estimate for the total annual hour burden on members in connection with the preparation and submission of requests to remove a restriction on access to long-term advances is 12 hours (16 requests × 0.75 hours). D. Comment Request In accordance with the requirements of 5 CFR 1320.8(d), FHFA published an initial notice requesting comments regarding this information collection in the Federal Register on September 23, 2016.9 The 60 day comment period closed on November 22, 2016. No comments were received. In accordance with the requirements of 5 CFR 1320.10(a), FHFA is publishing this second notice to request comments regarding 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 members and project sponsors, including through the use of automated collection techniques or other forms of information technology. Comments should be submitted in writing to both OMB and FHFA as instructed above in the Comments section. Dated: January 5, 2017. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. 8 See E:\FR\FM\11JAN1.SGM 12 CFR 1290.5(d). 11JAN1 3322 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices FHFA Form# 0611 (date) FEDERI\L HOUSING FINANCE AGENCY COMMUNITY SUPPORT STATEMENT (see imtructions page 2) City: [online form: FHFA fills in} State: [online form: FHFA fills in/Zip Code: ~~.:.:::..J~;.;.,!.:.....:..:..!.:..::..:...i..:.:~= Submitter:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Title: - - - - - - Work Email: _j_.!lQ~l.lQ!ffl.1!'5112!f!!Ll.Y2!:!C!lU;1D.!li1E.1:QQlli)_!]Jl:'.;_!.:!~2CQ1Ym~Q.£!!;1f!I!!2n..il!LIJ2Q~J2.1:ifil Part I. Community Reinvestment Act (CRA) Standard. Most recent federal CRA rating: [drop down list/ Year of most recent federal CRA rating: (drop down listl Part II. First-time Home buyer Standard: All Federal Home Loan Bank members must complete either Section A orB of this part, except that members with "Outstanding"federal CRA ratings need not complete this part. Members should use data or activities for the previous or current calendar year in completing this part. A. Complete the following two questions: If your institution did not make, or did not track, mortgage loans to first-time homebuyers, you must complete Section B of this part. 1. Number of mortgage loans made to first-time homebuyers # ~------------------2. Dollar amount of mortgage loans made to first-time home buyers B. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. Check as many as applicable: Offer in-house first-time home buyer program (e.g., underwriting, marketing plans, outreach programs) Offer other in-house lending products that serve first-time or low- and moderate-income homebuyers Offer flexible underwriting standards for first-time home buyers Participate in nationwide first-time homebuyer programs (e.g., Fannie Mae, Freddie Mac) Participate in federal government programs that serve first-time homebuyers (e.g., FHA, VA, USDA RD) Participate in state or local government programs targeted to first-time homebuyers (e.g., mortgage revenue bond financing) Provide financial support or technical assistance to community organizations that assist first-time homebuyers Participate in loan consortia that make loans to first-time home buyers Participate in or support special counseling or homeownership education targeted to first-time homebuyers Hold investments or make loans that support first-time homebuyer programs Hold mortgage-backed securities that may include a pool of loans to low- and moderate-income home buyers Use affiliated lenders, credit union service organizations, or other correspondent, brokerage or referral arrangements with specific unaffiliated lenders, that provide mortgage loans to first-time or low- and moderateincome homebuyers Participate in the Affordable Housing Program or other targeted community investment/development programs offered by the Federal Home Loan Bank Other (attach description of other activities supporting first-time homebuyers; see instructions for Part II) None of the above (attach explanation of any mitigating factors; see instructions for Part II) Page 1 of2__ VerDate Sep<11>2014 19:05 Jan 10, 2017 Jkt 241001 PO 00000 Frm 00043 Fmt 4703 Sfmt 4725 E:\FR\FM\11JAN1.SGM 11JAN1 EN11JA17.015</GPH> sradovich on DSK3GMQ082PROD with NOTICES Part Ill. Certification: By submitting this Community Support Statement, I certify that I am an official of the above institution, that I am authorized to provide this information to FHFA, and that the information in this Statement and any attachments is accurate to the best of my knowledge. 3323 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices Community Support Statement (FHFA Form 060) Instructions Purpose: Section 10(g) of the Federal Home Loan Bank Act [12 U.S.C. § 1430(g)] sets forth the community support requirements. Under the Federal Housing Finance Agency's (FHFA) implementing community support regulation [12 CFR part 1290], FHFA is required to take into account a Federal Home Loan Bank (Bank) member's performance under the Community Reinvestment Act of 1977 [12 U.S.C. § 2901 et seq.] (federal CRA) and its record of lending to first-time home buyers, in determining whether to maintain the member's access to long-term Bank advances and to a Bank's Affordable Housing Program (AHP) and targeted Community Investment Cash Advances {CICA) programs. For purposes of community support review, the term "long-term advances" means advances with a term to maturity greater than one year. Part I (CRA Standard): Members subject to the federal CRA must complete this part. Provide your institution's most recent federal CRA rating and the year of the rating. Credit unions and insurance companies, which are not subject to the federal CRA, should indicate "N/A" [i.e., not applicable] in the CRA rating field on this Community Support Statement. If your institution is not a credit union or insurance company and is not subject to the federal CRA, indicate the reason for the exemption. If a member's most recent federal CRA rating is "Needs to Improve," FHFA will place the member on probation. During the probationary period, the member will retain access to long-term Bank advances and Bank AHP and CICA programs. If the member does not receive an improved federal CRA rating at its next CRA evaluation, FHFA will restrict its prospective access to long-term Bank advances and Bank AHP and CICA programs. If a member's most recent federal CRA rating is "Substantial Noncompliance," FHFA will restrict the member's prospective access to long-term Bank advances and AHP and CICA programs. The restriction will remain in effect until the member's federal CRA rating improves. Part II (First-time Homebuyer Standard): All members, except those with "Outstanding" federal CRA ratings, must complete this part. A member may satisfy the first-time home buyer standard either by: demonstrating lending performance to first-time homebuyers (Section A); or demonstrating other financial support or participation in programs, products, services or investments, that directly or indirectly assists first-time homebuyers {Section B); or by a combination of both factors. If none of the information requested in this part describes your institution's activities to support first-time homebuyers, you may attach a brief description of other activities of your institution that support first-time home buyers, or a brief explanation of any mitigating factors that adversely affect your institution's ability to assist first-time home buyers, such as charter or operational limitations or market conditions. If a member does not demonstrate assistance to first-time home buyers or include an explanation of mitigating factors on this Community Support Statement, FHFA will restrict the member's prospective access to long-term Bank advances and Bank AHP and CICA programs. The restriction will remain in effect until the member submits applicable information to FHFA that demonstrates the member's compliance with the first-time homebuyer standard. Part Ill (Certification): All members must complete this section. A senior official of your institution with authorization to provide the information in this Community Support Statement must certify that the information in this Community Support Statement and any attachments are accurate to the best of his/her knowledge. If a member submits a Community Support Statement that does not include this required certification, FHFA will restrict the member's prospective access to long-term Bank advances and Bank AHP and CICA programs. Assistance: Your institution's Bank has a Community Support Program that can assist you in preparing this Community Support Statement. Submission: Complete and submit the Community Support Statement and any attachments online to the Federal Housing Finance Agency at httpsl/www.[specijicfhfa.govaddress TBD]. Federal Housing Finance Agency Division of Housing Mission and Goals 400 7th Street, 5. W. D.C. 20219 Paperwork Reduction Act Statement: Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be subject to a penalty for failure to comply with, a collection of information subject to the requirements of the Paperwork Reduction Act, unless that collection of information displays a currently valid OMB Control Number. FHFA Form 060 VerDate Sep<11>2014 19:05 Jan 10, 2017 0 MB Number 2590-0005 Jkt 241001 PO 00000 Frm 00044 Page 2 of 2 Expires[Date] Fmt 4703 Sfmt 9990 E:\FR\FM\11JAN1.SGM 11JAN1 EN11JA17.016</GPH> sradovich on DSK3GMQ082PROD with NOTICES vva.mr~1aro•n. 3324 Federal Register / Vol. 82, No. 7 / Wednesday, January 11, 2017 / Notices [FR Doc. 2017–00435 Filed 1–10–17; 8:45 am] BILLING CODE 8070–70–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Agency for Healthcare Research and Quality Agency Information Collection Activities: Proposed Collection; Comment Request Agency for Healthcare Research and Quality, HHS. ACTION: Notice. AGENCY: This notice announces the intention of the Agency for Healthcare Research and Quality (AHRQ) to request that the Office of Management and Budget (OMB) approve the proposed information collection project ‘‘AHRQ Research Reporting System (ARRS).’’ In accordance with the Paperwork Reduction Act, 44 U.S.C. 3501–3521, AHRQ invites the public to comment on this proposed information collection. DATES: Comments on this notice must be received by March 13, 2017. ADDRESSES: Written comments should be submitted to: Doris Lefkowitz, Reports Clearance Officer, AHRQ, by email at doris.lefkowitz@AHRQ.hhs.gov. Copies of the proposed collection plans, data collection instruments, and specific details on the estimated burden can be obtained from the AHRQ Reports Clearance Officer. FOR FURTHER INFORMATION CONTACT: Doris Lefkowitz, AHRQ Reports Clearance Officer, (301) 427–1477, or by email at doris.lefkowitz@AHRQ.hhs.gov. SUPPLEMENTARY INFORMATION: SUMMARY: Proposed Project AHRQ Research Reporting System (ARRS) AHRQ has developed a systematic method for its grantees and vendors to report project progress and important preliminary findings for grants and contracts funded by the Agency. This system, the AHRQ Research Reporting System (ARRS), previously known as the Grants Reporting System (GRS), was last approved by OMB on May 16, 2014. The system addressed the shortfalls in the previous reporting process and established a consistent and comprehensive grants reporting solution for AHRQ. The ARRS provides a centralized repository of grants and contract research progress and additional information that can be used to support initiatives within the Agency. This includes future research planning and support for administrative activities such as performance monitoring, budgeting, dissemination and strategic planning. This project has the following goals: (1) To promote the transfer of critical information more frequently and efficiently and enhance the Agency’s ability to support research designed to improve the outcomes and quality of health care, reduce its costs, and broaden access to effective services (2) To increase the efficiency of the Agency in responding to ad-hoc information requests (3) To support Executive Branch requirements for increased transparency and public reporting (4) To establish a consistent approach throughout the Agency for information collection regarding grant and contract progress and a systematic basis for oversight and for facilitating potential collaborations among grantees (5) To decrease the inconvenience and burden on grantees and vendors of unanticipated ad-hoc requests for information by the Agency in response to particular one-time internal and external requests for information This study is being conducted by AHRQ pursuant to AHRQ’s statutory authority to conduct and support research on health care and on systems for the delivery of such care, including activities with respect to the quality, effectiveness, efficiency, appropriateness and value of health care services and with respect to quality measurement and improvement. 42 U.S.C. 299a(a)(1) and (2). Method of Collection To achieve the goals of this project the following data collections will be implemented: AHRQ Research Reporting System (ARRS)—Grantees and vendors use the ARRS system to report project progress and important preliminary findings for grants and contracts funded by the Agency. Grantees and vendors submit progress reports on a monthly or quarterly basis which are reviewed by AHRQ personnel. All users access the ARRS system through a secure online interface which requires a user I.D. and password entered through the ARRS login screen. When status reports are due AHRQ notifies principal investigators and vendors via email. The ARRS is an automated userfriendly resource that is utilized by AHRQ staff for preparing, distributing, and reviewing reporting requests to grantees and vendors for the purpose of information sharing. AHRQ personnel are able to systematically search the information collected and stored in the ARRS database. Personnel will also use the information to address internal and/ or external requests for information regarding grant progress, preliminary findings, and other requests, such as Freedom of Information Act requests, and producing responses related to federally mandated programs and regulations. Estimated Annual Respondent Burden Exhibit 1 shows the estimated annualized burden hours for the respondents. It will take grantees and vendors an estimated 10 minutes to enter the necessary data into the ARRS System and reporting will occur four times annually. The total annualized burden hours are estimated to be 333 hours. Exhibit 2 shows the estimated annualized cost burden for the respondents. The total estimated cost burden for respondents is $12,454. EXHIBIT 1—ESTIMATED ANNUALIZED BURDEN HOURS Number of respondents sradovich on DSK3GMQ082PROD with NOTICES Form name Number of responses per respondent Hours per response Total burden hours Data entry into ARRS ...................................................................................... 500 4 10/60 333 Total .......................................................................................................... 500 N/A N/A 333 VerDate Sep<11>2014 19:05 Jan 10, 2017 Jkt 241001 PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 E:\FR\FM\11JAN1.SGM 11JAN1

Agencies

[Federal Register Volume 82, Number 7 (Wednesday, January 11, 2017)]
[Notices]
[Pages 3320-3324]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00435]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2017-N-01]


Proposed Collection; Comment Request

AGENCY: Federal Housing Finance Agency.

ACTION: 30-day notice of submission of information collection for 
approval from Office of Management and Budget.

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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 information collection known as 
``Community Support Requirements,'' which was assigned control number 
2590-0005 by the Office of Management and Budget (OMB). FHFA intends to 
submit the information collection to OMB for review and approval of a 
reinstatement of the control number, which expired on February 29, 
2016, for a period of three years.

DATES: Interested persons may submit comments on or before February 10, 
2017.

ADDRESSES: Submit comments to the Office of Information and Regulatory 
Affairs of the Office of Management and Budget, Attention: Desk Officer 
for the Federal Housing Finance Agency, Washington, DC 20503, Fax: 
(202) 395-3047, Email: OIRA_submission@omb.eop.gov. Please also submit 
comments to FHFA, identified by ``Proposed Collection; Comment Request: 
`Community Support Requirements, (No. 2017-N-01)' '' by any of the 
following methods:
     Agency Web site: www.fhfa.gov/open-for-comment-or-input.
     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.
     Courier/Hand Delivery, U.S. Mail, United Parcel Service, 
Federal Express, or Other Mail Service: The mailing address for 
comments is: Alfred M. Pollard, General Counsel, Federal Housing 
Finance Agency, 400 Seventh Street SW., Eighth Floor, Washington, DC 
20219. Courier/Hand Delivery packages must be delivered on business 
days between 9 a.m. and 5 p.m.
    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 
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 20219. To make an 
appointment to inspect comments, please call the Office of General 
Counsel at (202) 649-3804.

FOR FURTHER INFORMATION CONTACT: Deattra D. Perkins, Senior Policy 
Analyst, Division of Housing Mission & Goals, Deattra.Perkins@fhfa.gov, 
(202) 649-3133; or Sylvia C. Martinez, Manager, Federal Home Loan Bank 
Housing and Community Investment Programs, Division of Housing Mission 
& Goals, Sylvia.Martinez@fhfa.gov, (202) 649-3301 (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. Background

    The Federal Home Loan Bank System consists of eleven regional 
Federal Home Loan Banks (Banks) and the Office of Finance (a joint 
office of the Banks that issues and services their 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 eligible non-member ``housing 
associates.'' \1\ Each Bank is structured as a regional cooperative 
that is owned and controlled by member financial institutions located 
within its district, which are also its primary customers.
---------------------------------------------------------------------------

    \1\ Certain non-member entities are permitted by statute to 
engage in limited business activities with a Bank. See 12 U.S.C. 
1430b. FHFA's regulations refer to these entities as ``housing 
associates.'' See 12 CFR part 1264.
---------------------------------------------------------------------------

    Section 10(g)(1) of the Bank Act requires the Director of FHFA to 
promulgate regulations establishing standards of community investment 
or service that Bank member institutions must meet in order to maintain 
access to long-term advances (i.e., loans with a maturity of five years 
or greater made by a Bank to a member).\2\ Section 10(g)(2) of the Bank 
Act requires that, in establishing these community support requirements 
for Bank members, FHFA take into account factors such as the member's 
performance under the Community Reinvestment Act of 1977 (CRA)\3\ and 
record of lending to first-time homebuyers.\4\ FHFA's community support 
regulation, which establishes standards and review criteria for 
determining compliance with section 10(g) of the Bank Act, is set forth 
at 12 CFR part 1290.
---------------------------------------------------------------------------

    \2\ See 12 U.S.C. 1430(g)(1).
    \3\ 12 U.S.C. 2901 et seq.
    \4\ See 12 U.S.C. 1430(g)(2).
---------------------------------------------------------------------------

    Part 1290 requires that each Bank member submit to FHFA biennially 
a completed Community Support Statement (Form 060), which contains 
several short questions the answers to which are used by FHFA to assess 
the responding member's compliance with the community support 
standards.\5\ Previously, this was accomplished by requiring 
approximately one-eighth of all members to submit a completed Form in 
each calendar quarter of a two-year review cycle. Under new streamlined 
procedures that FHFA is in the process of implementing, all members 
subject to community support review will be required to submit a

[[Page 3321]]

completed Form 060 at approximately the same time every two years.\6\
---------------------------------------------------------------------------

    \5\ See 12 CFR 1290.2(b).
    \6\ See 12 CFR 1290.2(a).
---------------------------------------------------------------------------

    FHFA has revised Form 060 to reflect the new streamlined 
procedures. These revisions reduce slightly the number of questions on 
the Form and modify the formatting so that members will be able to 
complete and submit the Form online. In substance, the revised Form 060 
is materially the same as the existing Form. In part I of the Form, a 
member that is subject to the CRA must record its most recent CRA 
rating and the year of that rating. Part II of the Form addresses a 
member's efforts to assist first-time homebuyers. A member may either 
record the number and dollar amount of mortgage loans made to first-
time homebuyers in the previous or current calendar year (part II.A), 
or indicate the types of programs or activities it has undertaken to 
assist first-time homebuyers by checking selections from a list (part 
II.B), or do both. If a member has received a CRA rating of 
``Outstanding,'' it need not complete part II of the Form. A copy of 
the revised Form and related instructions appear at the end of this 
Notice.
    Part 1290 also establishes the circumstances under which FHFA will 
restrict a member's access to long-term Bank advances and to Affordable 
Housing Program (AHP), Community Investment Program (CIP) and Community 
Investment Cash Advance (CICA) programs for failure to meet the 
community support requirements.\7\ It permits Bank members whose access 
to long-term advances has been restricted to apply directly to FHFA to 
remove the restriction if certain criteria are met.\8\
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    \7\ See 12 CFR 1290.5(b), (e).
    \8\ See 12 CFR 1290.5(d).
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B. Need for and Use of the Information Collection

    FHFA uses the information collection contained in FHFA Form 060 and 
part 1290 to determine whether Bank members satisfy the statutory and 
regulatory community support requirements and to ensure that, as 
required by statute and regulation, only Bank members that meet those 
requirements maintain continued access to long-term Bank advances and 
to AHP, CIP, and CICA programs.

C. Burden Estimate

    FHFA has analyzed the two facets of this information collection in 
order to estimate the hour burdens that the collection will impose upon 
Bank members annually over the next three years. Based on that 
analysis, FHFA estimates that the total annual hour burden will be 
2,287 hours. The method FHFA used to determine the annual hour burden 
for each facet of the information collection is explained in detail 
below.

I. Community Support Statements

    FHFA estimates that, on average over the next several years, 7,000 
Bank members will be required to submit completed Community Support 
Statements biennially. This corresponds to an annual average of 3,500 
respondents. FHFA estimates that the average preparation time for each 
Community Support Statement will be 0.65 hours. The estimate for the 
total annual hour burden on Bank members in connection with the 
preparation and submission of Community Support Statements is 2,275 
hours (3,500 Statements x 0.65 hours).

II. Requests To Remove a Restriction on Access to Long-Term Advances

    FHFA estimates that an annual average of 16 Bank members whose 
access to long-term advances and to AHP, CIP, and CICA programs has 
been restricted will submit requests to FHFA to remove those 
restrictions, and that the average preparation time for each request 
will be 0.75 hours. The estimate for the total annual hour burden on 
members in connection with the preparation and submission of requests 
to remove a restriction on access to long-term advances is 12 hours (16 
requests x 0.75 hours).

D. Comment Request

    In accordance with the requirements of 5 CFR 1320.8(d), FHFA 
published an initial notice requesting comments regarding this 
information collection in the Federal Register on September 23, 
2016.\9\ The 60 day comment period closed on November 22, 2016. No 
comments were received.
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    \9\ See 81 FR 65645 (Sept. 23, 2016).
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    In accordance with the requirements of 5 CFR 1320.10(a), FHFA is 
publishing this second notice to request comments regarding 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 members 
and project sponsors, including through the use of automated collection 
techniques or other forms of information technology. Comments should be 
submitted in writing to both OMB and FHFA as instructed above in the 
Comments section.

    Dated: January 5, 2017.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.

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[FR Doc. 2017-00435 Filed 1-10-17; 8:45 am]
 BILLING CODE 8070-70-P