Proposed Collection; Comment Request, 47510-47526 [2017-22014]
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Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices
I. General Information
FEDERAL ACCOUNTING STANDARDS
ADVISORY BOARD
A. Does this action apply to me?
You may be potentially affected by
this action if you work in an agricultural
settings or if you are concerned about
implementation of the Federal
Insecticide, Fungicide, and Rodenticide
Act (FIFRA); the Federal Food, Drug,
and Cosmetic Act (FFDCA); and the
amendments to both of these major
pesticide laws by the Food Quality
Protection Act (FQPA) of 1996; the
Pesticide Registration Improvement Act,
and the Endangered Species Act.
Potentially affected entities may
include, but are not limited to:
Agricultural workers and farmers;
pesticide industry and trade
associations; environmental, consumer,
and farm worker groups; pesticide users
and growers; animal rights groups; pest
consultants; State, local, and tribal
governments; academia; public health
organizations; and the public. If you
have questions regarding the
applicability of this action to a
particular entity, consult the person
listed under FOR FURTHER INFORMATION
CONTACT.
Notice of Renewal of Federal
Accounting Standards Advisory Board
Charter
Federal Accounting Standards
Advisory Board.
ACTION: Notice.
AGENCY:
Pursuant to 31 U.S.C. 3511(d), the
Federal Advisory Committee Act (Pub.
L. 92–463), as amended, and the FASAB
Rules Of Procedure, as amended in
October 2010, notice is hereby given
that under the authority and in
furtherance of the objectives of 31
U.S.C. 3511(d), the Secretary of the
Treasury, the Director of the Office of
Management and Budget, and the
Comptroller General of the United
States (the sponsors) have agreed to
continue an advisory committee to
consider and recommend accounting
standards and principles for the federal
government. Copies can be obtained by
contacting FASAB at (202) 512–7350.
FOR FURTHER INFORMATION CONTACT: Ms.
Wendy M. Payne, Executive Director,
441 G Street NW., Mailstop 6H19,
Washington, DC 20548, or call (202)
B. How can I get copies of this document 512–7350.
Authority: Federal Advisory Committee
and other related information?
Act, Public Law 92–463.
The docket for this action, identified
by docket identification (ID) number
EPA HQ–OPP–2017–0042, is available
at https://www.regulations.gov or at the
Office of Pesticide Programs Regulatory
Public Docket (OPP Docket) in the
Environmental Protection Agency
Docket Center (EPA/DC), West William
Jefferson Clinton Bldg., Rm. 3334, 1301
Constitution Ave. NW., Washington, DC
20460–0001. The Public Reading Room
is open from 8:30 a.m. to 4:30 p.m.,
Monday through Friday, excluding legal
holidays. The telephone number for the
Public Reading Room is (202) 566–1744,
and the telephone number for the OPP
Docket is (703) 305–5805. Please review
the visitor instructions and additional
information about the docket available
at https://www.epa.gov/dockets.
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Authority: 5 U.S.C. App.2.
Dated: September 28, 2017.
Richard P. Keigwin, Jr.,
Director, Office of Pesticide Programs.
[FR Doc. 2017–22100 Filed 10–11–17; 8:45 am]
BILLING CODE 6560–50–P
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Dated: October 5, 2017.
Wendy M. Payne,
Executive Director.
[FR Doc. 2017–22075 Filed 10–11–17; 8:45 am]
BILLING CODE 1610–02–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2017–N–08]
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 (PRA), the
Federal Housing Finance Agency (FHFA
or the Agency) is seeking public
comments concerning an information
collection known as ‘‘Federal Home
Loan Bank Directors,’’ which has been
assigned control number 2590–0006 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
SUMMARY:
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extension of the control number, which
is due to expire on December 31, 2017.
DATES: Interested persons may submit
comments on or before December 11,
2017.
ADDRESSES: Submit comments to FHFA,
identified by ‘‘Proposed Collection;
Comment Request: ‘Federal Home Loan
Bank Directors, (No. 2017–N–08)’ ’’ 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: ‘‘Federal
Home Loan Bank Directors, (No. 2017–
N–08)’’.
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.
FOR FURTHER INFORMATION CONTACT:
Patricia Sweeney, Senior Management
Analyst, Division of Bank Regulation, by
email at Patricia.Sweeney@fhfa.gov or
by telephone at (202) 649–3311; or Eric
Raudenbush, Associate General
Counsel, Eric.Raudenbush@fhfa.gov,
(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
Section 7 of the Federal Home Loan
Bank Act (Bank Act) vests the
management of each Federal Home Loan
Bank (Bank) in its board of directors.1
As required by section 7, each Bank’s
board comprises two types of directors:
1 See
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12 U.S.C. 1427(a)(1).
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(1) Member directors, who are drawn
from the officers and directors of
member institutions located in the
Bank’s district and who are elected to
represent members in a particular state
in that district; and (2) independent
directors, who are unaffiliated with any
of the Bank’s member institutions, but
who reside in the Bank’s district and are
elected on an at-large basis.2 Both types
of directors serve four-year terms, which
are staggered so that approximately onequarter of a Bank’s total directorships
are up for election every year.3 Section
7 and FHFA’s implementing regulation,
codified at 12 CFR part 1261, establish
the eligibility requirements for both
types of Bank directors and the
professional qualifications for
independent directors, and set forth the
procedures for their election.
Part 1261 of the regulations requires
that each Bank administer its own
annual director election process. As part
of this process, a Bank must require
each nominee for both types of
directorship, including any incumbent
that may be a candidate for re-election,
to complete and return to the Bank a
form that solicits information about the
candidate’s statutory eligibility to serve
and, in the case of independent director
candidates, about his or her professional
qualifications for the directorship being
sought.4 Specifically, member director
candidates are required to complete the
Federal Home Loan Bank Member
Director Eligibility Certification Form
(Member Director Eligibility
Certification Form), while independent
director candidates must complete the
Federal Home Loan Bank Independent
Director Application Form (Independent
Director Application Form). Each Bank
must also require all of its incumbent
directors to certify annually that they
continue to meet all eligibility
requirements.5 Member directors do this
by completing the Member Director
Eligibility Certification Form again every
year, while independent directors
complete the abbreviated Federal Home
Loan Bank Independent Director
Annual Certification Form (Independent
Director Annual Certification Form) to
certify their ongoing eligibility.
1 See
12 U.S.C. 1427(a)(1).
12 U.S.C. 1427(b) and (d).
3 See 12 U.S.C. 1427(d).
4 See 12 CFR 1261.7(c) and (f); 12 CFR 1261.14(b).
The Banks use the information
collection contained in the Independent
Director Application Form and part
1261 to determine whether individuals
who wish to stand for election or reelection as independent directors satisfy
the statutory eligibility requirements
and possess the professional
qualifications required under the statute
and regulations. Only individuals
meeting those requirements and
qualifications may serve as an
independent director.6 On an annual
basis, the Banks use the information
collection contained in the Independent
Director Annual Certification Form and
part 1261 to determine whether its
incumbent independent directors
continue to meet the statutory eligibility
requirements. The Banks use the
information collection contained in the
Member Director Eligibility Certification
Form and part 1261 to determine
whether individuals who wish to stand
for election or re-election as member
directors satisfy the statutory eligibility
requirements. Only individuals meeting
these requirements may serve as a
member director.7 On an annual basis,
the Banks also use the information
collection contained in the Member
Director Eligibility Certification Form
and part 1261 to determine whether its
incumbent member directors continue
to meet the statutory eligibility
requirements.
The OMB control number for this
information collection is 2590–0006.
The current clearance for the
information collection expires on
December 31, 2017. The likely
respondents are individuals who are
prospective and incumbent Bank
directors. A copy of the current version
of each of the three forms appears at the
end of this notice. FHFA is considering
some minor revisions to the forms for
use going forward and will publish the
revised versions of the forms with the
second PRA notice.
B. Burden Estimate
FHFA estimates the total annual hour
burden imposed upon respondents by
the three Bank director forms
comprising this information collection
to be 145 hours (37 hours + 75 hours +
33 hours = 145 hours, as detailed
below).
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2 See
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5 See
6 See
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12 U.S.C. 1427(a)(3).
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The Agency estimates the total annual
hour burden on all member director
candidates and incumbent member
directors associated with review and
completion of the Member Director
Eligibility Certification Form to be 37
hours. This includes a total annual
average of 68 member director
candidates, with 1 response per
individual taking an average of 15
minutes (.25 hours) (68 respondents ×
.25 hours = 17 hours). It also includes
a total annual average of 80 incumbent
member directors, with 1 response per
individual taking an average of 15
minutes (.25 hours) (80 individuals ×
.25 hours = 20 hours).
The Agency estimates the total annual
hour burden on all independent director
candidates associated with review and
completion of the Independent Director
Application Form to be 75 hours. This
includes a total annual average of 25
independent director candidates, with 1
response per individual taking an
average of 3 hours (25 individuals × 3
hours = 75 hours).
The Agency estimates the total annual
hour burden on all incumbent
independent directors associated with
review and completion of the
Independent Director Annual
Certification Form to be 33 hours. This
includes a total annual average of 66
incumbent independent directors, with
1 response per individual taking an
average of 30 minutes (.5 hours) (66
individuals × .5 hours = 33 hours).
C. Comments 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
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Dated: October 3, 2017.
Kevin Winkler,
Chief Information Officer, Federal Housing
Finance Agency.
BILLING CODE 8070–01–P
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ofmembe1•
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State
State
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it
Bank District
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Incumbent Me1nber Bank Directon
Federal Register / Vol. 82, No. 196 / Thursday, October 12, 2017 / Notices
47515
FEDERAL HOME LOAN BANK MEMBER DIRECTOR ELIGIBILITY CERTIFICATION FORM: DIRECTIONS
Line-by-Line Instructions
LINE 1. Print or type your full name.
LINE 2. You must be a United States citizen in order to serve as a member director. Check the
appropriate answer.
LINE 3. Provide the address of your principal residence.
LINE 4. You must be an officer or a director of an institution that is a member of the Bank in
order to be a member director of that Bank. In addition, the member must be located in the state
within the Bank district that is to be represented by the directorship you wish to hold. In most
cases, a member will he deemed to he located where it maintains its home office or its principal
place of business. Provide the requested information for the member you serve as an officer or
director, as well as your title or position at that institution.
LINE 5. If you are an officer or director of any other institution that is a member of this or any
other Bank, provide the name and location of the institution(s ), as well as the position that you
hold at the institution(s).
LINE 6. In order for you to be eligible to serve as a member director, every institution that
you serve as an officer or director that is a member of the Bank in which you wish to hold a
directorship must be in compliance with all of its applicable minimum capital requirements
established by its appropriate federal or state regulator. The term "appropriate federal
regulator" has the same meaning as the tenn "appropriate Federal banking agency" in
section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. § 1813(q)) and, for federally
insured credit unions, means the National Credit Union Administration. The term
"appropriate state regulator" means any state officer, agency, supervisor, or other entity that
has regulatory authority over, or is empowered to institute enforcement action against, a
member.
Check the appropriate answer as to whether each institution you listed in LIKE 4 and
LINE 5 is in compliance ''vith all of the applicable minimum capital requirements
established by its appropriate federal or state regulator. If the answer is No, you must list
each non-compliant institution regardless of the Bank of which it is a member. However,
your status as an ofticcr or director of a non-compliant institution will render you ineligible
to serve as a Bank director only if that institution is a member of the Bank in which you
wish to hold a directorship.
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 infon:nation subject to the requirements of the Paperwork Reduction
Act, unle" that collection of information displays a currently valid OIVffi Control Number.
Page 4 of 4
Expit·es 12/3112017
OMB No. 2590-0006
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Priwry Art Statement: ln accordance with the Privacy Act (5 U.S. C. 5'i2a), the following notice iR provided. This informatioo iR Rolicited
under authority of 12 U.S.C. 1427(a) and tb); and 12 CFR 1261.5, 1261.7, and 1261.10 to 1261.13. Furnishing the infonnation on this fonn
is voluntary. but failure to do so may result in you not meeting the statutocy and regulatory eligibility requirements to serve as a member
director. The purpose of this information is to facilitate the timely determination ofyour eligibility to serve as a member director. Information
of Records Notice FHFA-8 Federal Horne Lo2014
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number
State
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Your role
Your role
Term
Name
Your role
Term
7 ofS
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Name of
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If
A:'-lD Sl'BMITTING THIS E\PPLICATJON
'fOU PROVIDED IS
YOVR
ANDTHAT
AS A DIRECTOR IF
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Full
F'cderal
IAJan Bank of:
.
..
.
any amended certification
1 of
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Please
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one box:
ha'\'C occurred to my responses in
sections
Form:
Personal h1formation:
ronftict't
Commitment
Other
zon
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Dated:
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Dated: October 6, 2017.
Rachel E. Dickon,
Assistant Secretary.
[FR Doc. 2017–22014 Filed 10–11–17; 8:45 am]
BILLING CODE 8070–01–C
[FR Doc. 2017–22061 Filed 10–11–17; 8:45 am]
FEDERAL MARITIME COMMISSION
BILLING CODE 6731–AA–P
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Notice of Agreement Filed
The Commission hereby gives notice
of the filing of the following agreement
under the Shipping Act of 1984.
Interested parties may submit comments
on the agreement to the Secretary,
Federal Maritime Commission,
Washington, DC 20573, within twelve
days of the date this notice appears in
the Federal Register. A copy of the
agreement is available through the
Commission’s Web site (www.fmc.gov)
or by contacting the Office of
Agreements at (202)–523–5793 or
tradeanalysis@fmc.gov.
Agreement No.: 201227–005.
Title: Pacific Ports Operational
Improvements Agreement.
Parties: Ocean Carrier Equipment
Management Association, Inc., FMC
Agreement No. 011284; West Coast
MTO Agreement, FMC Agreement No.
201143; Maersk Line A/S; CMA CGM
S.A., APL Co. Pte Ltd., and American
President Lines, Ltd. (acting as a single
party); COSCO SHIPPING Lines Co.,
Ltd.; Evergreen Line Joint Service
Agreement, FMC Agreement No.
011982; Hamburg-Sud and Alianca
Navegacao e Logistica Ltda. (acting as a
single party); Hapag-Lloyd AG, HapagLloyd USA, Companhia Libra de
Navegacao, and Compania Libra de
Navegacion Uruguay S.A. (acting as a
single party); Mitsui O.S.K. Lines, Ltd.;
Nippon Yusen Kaisha Line; Kawasaki
Kisen Kaisha, Ltd.; Hyundai Merchant
Marine Co., Ltd.; Zim Integrated
Shipping Services; MSC Mediterranean
Shipping Company SA; Matson
Navigation Company, Inc.; APM
Terminals Pacific, Ltd.; Eagle Marine
Services, Ltd.; International
Transportation Service, Inc.; LBCT LLC;
Everport Terminal Services, Inc.; Total
Terminals International LLC; West
Basin Container Terminal LLC; Pacific
Maritime Services, L.L.C.; SSA Terminal
(Long Beach), LLC; Trapac Inc.; Yusen
Terminals, Inc.; SSA Terminals, LLC;
SSA Terminals (Oakland), LLC; SSA
Terminals (Seattle), LLC; Sea Star
Stevedoring Company, Inc.; Washington
United Terminals, Inc.
Filing Party: Donald J. Kassilke, Esq.;
Cozen O’Connor; 1200 19th Street NW;
Washington, DC 20036.
Synopsis: The Amendment makes
several updates to the membership of
the Agreement.
By Order of the Federal Maritime
Commission.
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications will also be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than November 7,
2017.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. CBC Financial, Inc., Westmont,
Illinois; to become a bank holding
company by acquiring 100 percent of
the voting shares of Citizens Bank of
Chatsworth, Chatsworth, Illinois.
B. Federal Reserve Bank of Dallas
(Robert L. Triplett III, Senior Vice
President) 2200 North Pearl Street,
Dallas, Texas 75201–2272:
1. AOB Ventures, Inc., Edinburg,
Texas; to become a bank holding
company by acquiring 100 percent of
the voting shares of Brush Country
Bank, Freer, Texas.
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C. Federal Reserve Bank of
Philadelphia (William paniel, Senior
Vice President) 100 North 6th Street,
Philadelphia, Pennsylvania 19105–
1521. Comments can also be sent
electronically to
Comments.applications@phil.frb.org:
1. Lawrence Keister & Company,
Scottsdale, Pennsylvania; to acquire up
to 21.7 percent of the voting shares of
Mid Penn Bancorp, Inc., and thereby
indirectly acquire voting shares of Mid
Penn Bank, both of Millersburg,
Pennsylvania.
Board of Governors of the Federal Reserve
System, October 5, 2017.
Ann Misback,
Secretary of the Board.
[FR Doc. 2017–21950 Filed 10–11–17; 8:45 am]
BILLING CODE P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
Breast and Cervical Cancer Early
Detection and Control Advisory
Committee
Centers for Disease Control and
Prevention (CDC), Department of Health
and Human Services (HHS).
ACTION: Notice of meeting.
AGENCY:
In accordance with section
10(a)(2) of the Federal Advisory
Committee Act (Pub. L. 92–463), the
Centers for Disease Control and
Prevention (CDC), announces the
following meeting for the Breast and
Cervical Cancer Early Detection and
Control Advisory Committee
(BCCEDCAC). This meeting is open to
the public, limited only by room seating
(36 seats), audio phone lines (50 audio
lines) and net conference access (50 net
conference lines) available. The public
is welcome to listen to the meeting by
accessing the call-in number, 1–888–
596–9856, the passcode, 38181337; 50
audio lines will be available.
Online Registration Required: In order
to expedite the security clearance
process required for entry into a Federal
building, all BCCEDCAC Meeting
attendees must register for the meeting
online at least 8 business days in
advance at https://www.cdc.gov/cancer/
nbccedp/advisory-committee/
registration.htm . Please complete all
the required fields and submit your
registration no later than November 20,
2017. Each meeting day, in-person
attendees must check-in and present
identification (driver’s license/state
issued ID, or passport) to CDC security.
SUMMARY:
E:\FR\FM\12OCN1.SGM
12OCN1
Agencies
[Federal Register Volume 82, Number 196 (Thursday, October 12, 2017)]
[Notices]
[Pages 47510-47526]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-22014]
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FEDERAL HOUSING FINANCE AGENCY
[No. 2017-N-08]
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.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA or the
Agency) is seeking public comments concerning an information collection
known as ``Federal Home Loan Bank Directors,'' which has been assigned
control number 2590-0006 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, 2017.
DATES: Interested persons may submit comments on or before December 11,
2017.
ADDRESSES: Submit comments to FHFA, identified by ``Proposed
Collection; Comment Request: `Federal Home Loan Bank Directors, (No.
2017-N-08)' '' 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: ``Federal Home Loan Bank
Directors, (No. 2017-N-08)''.
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.
FOR FURTHER INFORMATION CONTACT: Patricia Sweeney, Senior Management
Analyst, Division of Bank Regulation, by email at
Patricia.Sweeney@fhfa.gov or by telephone at (202) 649-3311; or Eric
Raudenbush, Associate General Counsel, Eric.Raudenbush@fhfa.gov, (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
Section 7 of the Federal Home Loan Bank Act (Bank Act) vests the
management of each Federal Home Loan Bank (Bank) in its board of
directors.\1\ As required by section 7, each Bank's board comprises two
types of directors:
[[Page 47511]]
(1) Member directors, who are drawn from the officers and directors of
member institutions located in the Bank's district and who are elected
to represent members in a particular state in that district; and (2)
independent directors, who are unaffiliated with any of the Bank's
member institutions, but who reside in the Bank's district and are
elected on an at-large basis.\2\ Both types of directors serve four-
year terms, which are staggered so that approximately one-quarter of a
Bank's total directorships are up for election every year.\3\ Section 7
and FHFA's implementing regulation, codified at 12 CFR part 1261,
establish the eligibility requirements for both types of Bank directors
and the professional qualifications for independent directors, and set
forth the procedures for their election.
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\1\ See 12 U.S.C. 1427(a)(1).
\2\ See 12 U.S.C. 1427(b) and (d).
\3\ See 12 U.S.C. 1427(d).
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Part 1261 of the regulations requires that each Bank administer its
own annual director election process. As part of this process, a Bank
must require each nominee for both types of directorship, including any
incumbent that may be a candidate for re-election, to complete and
return to the Bank a form that solicits information about the
candidate's statutory eligibility to serve and, in the case of
independent director candidates, about his or her professional
qualifications for the directorship being sought.\4\ Specifically,
member director candidates are required to complete the Federal Home
Loan Bank Member Director Eligibility Certification Form (Member
Director Eligibility Certification Form), while independent director
candidates must complete the Federal Home Loan Bank Independent
Director Application Form (Independent Director Application Form). Each
Bank must also require all of its incumbent directors to certify
annually that they continue to meet all eligibility requirements.\5\
Member directors do this by completing the Member Director Eligibility
Certification Form again every year, while independent directors
complete the abbreviated Federal Home Loan Bank Independent Director
Annual Certification Form (Independent Director Annual Certification
Form) to certify their ongoing eligibility.
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\4\ See 12 CFR 1261.7(c) and (f); 12 CFR 1261.14(b).
\5\ See 12 CFR 1261.12.
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The Banks use the information collection contained in the
Independent Director Application Form and part 1261 to determine
whether individuals who wish to stand for election or re-election as
independent directors satisfy the statutory eligibility requirements
and possess the professional qualifications required under the statute
and regulations. Only individuals meeting those requirements and
qualifications may serve as an independent director.\6\ On an annual
basis, the Banks use the information collection contained in the
Independent Director Annual Certification Form and part 1261 to
determine whether its incumbent independent directors continue to meet
the statutory eligibility requirements. The Banks use the information
collection contained in the Member Director Eligibility Certification
Form and part 1261 to determine whether individuals who wish to stand
for election or re-election as member directors satisfy the statutory
eligibility requirements. Only individuals meeting these requirements
may serve as a member director.\7\ On an annual basis, the Banks also
use the information collection contained in the Member Director
Eligibility Certification Form and part 1261 to determine whether its
incumbent member directors continue to meet the statutory eligibility
requirements.
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\6\ See 12 U.S.C. 1427(a)(3).
\7\ See 12 U.S.C. 1427(a)(3) and (b)(1).
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The OMB control number for this information collection is 2590-
0006. The current clearance for the information collection expires on
December 31, 2017. The likely respondents are individuals who are
prospective and incumbent Bank directors. A copy of the current version
of each of the three forms appears at the end of this notice. FHFA is
considering some minor revisions to the forms for use going forward and
will publish the revised versions of the forms with the second PRA
notice.
B. Burden Estimate
FHFA estimates the total annual hour burden imposed upon
respondents by the three Bank director forms comprising this
information collection to be 145 hours (37 hours + 75 hours + 33 hours
= 145 hours, as detailed below).
The Agency estimates the total annual hour burden on all member
director candidates and incumbent member directors associated with
review and completion of the Member Director Eligibility Certification
Form to be 37 hours. This includes a total annual average of 68 member
director candidates, with 1 response per individual taking an average
of 15 minutes (.25 hours) (68 respondents x .25 hours = 17 hours). It
also includes a total annual average of 80 incumbent member directors,
with 1 response per individual taking an average of 15 minutes (.25
hours) (80 individuals x .25 hours = 20 hours).
The Agency estimates the total annual hour burden on all
independent director candidates associated with review and completion
of the Independent Director Application Form to be 75 hours. This
includes a total annual average of 25 independent director candidates,
with 1 response per individual taking an average of 3 hours (25
individuals x 3 hours = 75 hours).
The Agency estimates the total annual hour burden on all incumbent
independent directors associated with review and completion of the
Independent Director Annual Certification Form to be 33 hours. This
includes a total annual average of 66 incumbent independent directors,
with 1 response per individual taking an average of 30 minutes (.5
hours) (66 individuals x .5 hours = 33 hours).
C. Comments 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 respondents, including
through the use of automated collection techniques or other forms of
information technology.
Dated: October 3, 2017.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
BILLING CODE 8070-01-P
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[FR Doc. 2017-22014 Filed 10-11-17; 8:45 am]
BILLING CODE 8070-01-C