Proposed Collection; Comment Request, 22684-22685 [2018-10431]

Download as PDF 22684 Federal Register / Vol. 83, No. 95 / Wednesday, May 16, 2018 / Notices response. As described above, 30 percent of the burden hours are then assigned to each of the FDIC, OCC, and Board, while 10 percent are assigned to FHFA. The frequency of response is estimated as the number of states that do not have an AMC registration program in which the average AMC operates.18 As discussed above, 5 states do not have AMC registration or oversight programs. According to the Consumer Financial Protection Bureau (CFPB), the average AMC operates in 19.56 states.19 Therefore, the average AMC operates in approximately 2 states that do not have AMC registration systems: (5 States/55 states) × 19.56 states = 1.778 states, rounded to 2 states. The burden estimate of one hour per response is unchanged from the estimate provided for the currentlyapproved ICR. Therefore, the total estimated hour burden is: 200 AMCs × 2 states × 1 hour = 400 hours. The estimated burden hours attributable to FHFA are 400 hours × 10 percent = 40 hours. sradovich on DSK3GMQ082PROD with NOTICES 4. AMC Recordkeeping Requirements (IC #4) The burden for recordkeeping by AMCs of written notices of appraiser removal from a network or panel is estimated to be equal to the number of appraisers who leave the profession per year multiplied by the estimated percentage of appraisers who work for AMCs, then multiplied by burden hours per notice. As described above, 30 percent of the burden hours are then assigned to each of the FDIC, OCC, and Board, while 10 percent are assigned to FHFA. The number of appraisers who leave an AMC annually, either by resigning, being laid off, or having their licenses revoked or surrendered, is estimated to be 9,881. The burden estimate of 0.08 hours per notice is unchanged from the estimate provided for the currentlyapproved ICR. Therefore, the estimated total hour burden is: 9,881 notices × 0.08 hours = 790 hours (rounded to the nearest whole number). The estimated burden hours attributable to FHFA are 790 hours × 10 percent = 79 hours. C. Comments Request FHFA requests written comments on the following: (1) Whether the collection 18 The number of states includes all U.S. states, territories, and districts to include: The Commonwealth of the Northern Mariana Islands; the District of Columbia; Guam; Puerto Rico; and the U.S. Virgin Islands. 19 The CFPB conducted a survey of 9 AMCs in 2013 regarding the provisions in the regulation and the related PRA burden. VerDate Sep<11>2014 17:34 May 15, 2018 Jkt 244001 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: May 10, 2018. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2018–10430 Filed 5–15–18; 8:45 am] BILLING CODE 8070–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2018–N–06] 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 ‘‘Minority and Women Inclusion,’’ which has been assigned control number 2590–0014 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 July 31, 2018. DATES: Interested persons may submit comments on or before July 16, 2018. ADDRESSES: Submit comments to FHFA, identified by ‘‘Proposed Collection; Comment Request: ‘Minority and Women Inclusion, (No. 2018–N–06)’ ’’ by any of the following methods: • Agency website: 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. • Mail/Hand Delivery: Federal Housing Finance Agency, Eighth Floor, SUMMARY: PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 400 Seventh Street SW, Washington, DC 20219, ATTENTION: Proposed Collection; Comment Request: ‘‘Minority and Women Inclusion, (No. 2018–N–06)’’. 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 website 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: Sylvia Martinez, Principal Policy Analyst, Office of Minority and Women Inclusion, by email at Sylvia.Martinez@ fhfa.gov or by telephone at (202) 649– 3301; 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: The Federal Housing Finance Agency (FHFA) is seeking comments on its collection of information regarding the minority and gender classification of individuals serving on the boards of directors of the Federal Home Loan Bank (Banks) and of the Office of Finance under FHFA’s regulations on Minority and Women Inclusion (MWI), codified at 12 CFR part 1223, which it will soon be submitting for renewal of the OMB control number under the PRA. A. Need for and Use of the Information Collection The Federal Home Loan Bank System consists of eleven regional Banks and the Office of Finance, which 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 nonmember entities. Each Bank is structured as a regional cooperative that is owned and controlled by member financial institutions located within its E:\FR\FM\16MYN1.SGM 16MYN1 sradovich on DSK3GMQ082PROD with NOTICES Federal Register / Vol. 83, No. 95 / Wednesday, May 16, 2018 / Notices district, which are also its primary customers. The Bank Act vests the management of each Bank in a board of directors that consists of two types of directors: (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.1 The Office of Finance is also governed by a board of directors, which consists of the presidents of the eleven Banks and five independent directors.2 Section 1319A of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) requires that each of the Banks establish an Office of Minority and Women Inclusion (OMWI) to be responsible for all matters relating to diversity in its management, employment, and business activities, in accordance with requirements established by FHFA.3 Section 1319A also requires that each Bank implement standards and procedures to ensure, to the maximum extent possible, the inclusion and utilization of women and minorities ‘‘at all levels’’ of its business and activities, and submit an annual report to FHFA detailing actions taken to achieve those goals.4 FHFA’s MWI regulations implement those statutory requirements and also extend the requirements to the Office of Finance. The regulations require generally that each Bank and the Office of Finance ‘‘develop, implement, and maintain policies and procedures to ensure, to the maximum extent possible in balance with financially safe and sound business practices, the inclusion and utilization of minorities, women, individuals with disabilities, and minority-, women-, and disabled-owned businesses in all business and activities and at all levels of the regulated entity, including in management, employment, procurement, insurance, and all types of contracts.’’ 5 In recognition of the fact that each Bank is required by statute to promote diversity and inclusion ‘‘at all levels’’ of its business and activities, the MWI regulations further require that the Banks’ policies and procedures (as well as those of the Office of Finance) ‘‘[e]ncourage the consideration of diversity in nominating or soliciting nominees for positions on boards of directors and engage in recruiting and outreach directed at encouraging individuals who are minorities, women and individuals with disabilities to seek or apply for employment with the regulated entity.’’ 6 In conformity with the statutory requirements, FHFA’s MWI regulations require that each Bank and the Office of Finance submit to FHFA an annual report describing, among other things, its efforts to promote diversity at all levels of management and employment, and the results of those efforts.7 In order to provide a quantitative basis upon which to assess the results of those efforts, FHFA’s regulations require that each Bank and the Office of Finance set forth in in their respective annual reports the demographic data reported on the EEO–1 form, which they are required to file annually with the Equal Employment Opportunity Commission (EEOC).8 The EEO–1 form requires that each respondent provide race, ethnicity and gender information for its employees, broken down into various job categories. Because the EEO–1 form does not require that a respondent provide information on board directors, FHFA cannot use the EEO–1 data to assess the effectiveness of the Bank System’s efforts to ‘‘encourage the consideration of diversity in nominating or soliciting nominees for positions on boards of directors.’’ Therefore, in order to enable FHFA to assess those efforts, the MWI regulations separately require that the annual reports set forth ‘‘[d]ata showing for the reporting year by minority and gender classification, the number of individuals on the board of directors of each Bank and the Office of Finance,’’ using the same racial and ethnic classifications that are used on the EEO–1 form (which comply with OMB’s ‘‘Statistical Policy Directive No. 15, Race and Ethnic Standards for Federal Statistics and Administrative Reporting’’).9 The regulation requires that each Bank and the Office of Finance collect that data ‘‘through an information collection requesting each director’s voluntary self-identification of his or her minority and gender classification without personally identifiable information.’’ FHFA uses the information collected under this control number to assess the effectiveness of the policies and procedures that each Bank and the 6 See 12 CFR 1223.21(b)(7). 12 CFR 1223.22(a). 8 See 12 CFR 1223.23(b)(1). As required by 29 CFR 1602.7, each Bank and the Office of Finance annually files an EEO–1 form with the EEOC. 9 See 12 CFR 1223.23(b)(10)(i). 1 See 12 U.S.C. 1427(a)(1), (b), (d). 2 See 12 CFR 1273.7(a). 3 See 12 U.S.C. 4520(a). 4 See 12 U.S.C. 4520(b), (d). 5 See 12 CFR 1223.21(b). VerDate Sep<11>2014 17:34 May 15, 2018 7 See Jkt 244001 PO 00000 Frm 00075 Fmt 4703 Sfmt 4703 22685 Office of Finance is required to implement to promote diversity in all of its business and activities ‘‘at all levels’’ and, specifically, to encourage diversity in the nomination and solicitation of nominees for members of its boards of directors. FHFA also uses the information to establish a baseline to analyze future trends related to the diversity of the boards of directors of the Banks and the Office of Finance and to assess the effectiveness of the strategies developed by the Banks and the Office of Finance for promoting, developing, and retaining diverse board talent. B. Burden Estimate FHFA estimates the total annual hour burden imposed upon respondents by this information collection to be 20 hours. This is based on estimates that 200 Bank and Office of Finance Directors will respond annually, with each response taking an average of 0.1 hours (6 minutes) (200 respondents × 0.1 hours = 20 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: May 10, 2018. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2018–10431 Filed 5–15–18; 8:45 am] BILLING CODE 8070–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities; Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision, the Registration Statement for Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers) (FR G– 1), the Deregistration Statement for Persons Registered Pursuant to AGENCY: E:\FR\FM\16MYN1.SGM 16MYN1

Agencies

[Federal Register Volume 83, Number 95 (Wednesday, May 16, 2018)]
[Notices]
[Pages 22684-22685]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10431]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2018-N-06]


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 (PRA), the Federal Housing Finance Agency (FHFA or the 
Agency) is seeking public comments concerning an information collection 
known as ``Minority and Women Inclusion,'' which has been assigned 
control number 2590-0014 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 July 31, 2018.

DATES: Interested persons may submit comments on or before July 16, 
2018.

ADDRESSES: Submit comments to FHFA, identified by ``Proposed 
Collection; Comment Request: `Minority and Women Inclusion, (No. 2018-
N-06)' '' by any of the following methods:
     Agency website: 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 [email protected] 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: ``Minority and Women Inclusion, (No. 2018-
N-06)''.
    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 website 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: Sylvia Martinez, Principal Policy 
Analyst, Office of Minority and Women Inclusion, by email at 
[email protected] or by telephone at (202) 649-3301; or Eric 
Raudenbush, Associate General Counsel, [email protected], (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: The Federal Housing Finance Agency (FHFA) is 
seeking comments on its collection of information regarding the 
minority and gender classification of individuals serving on the boards 
of directors of the Federal Home Loan Bank (Banks) and of the Office of 
Finance under FHFA's regulations on Minority and Women Inclusion (MWI), 
codified at 12 CFR part 1223, which it will soon be submitting for 
renewal of the OMB control number under the PRA.

A. Need for and Use of the Information Collection

    The Federal Home Loan Bank System consists of eleven regional Banks 
and the Office of Finance, which 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 non-
member entities. Each Bank is structured as a regional cooperative that 
is owned and controlled by member financial institutions located within 
its

[[Page 22685]]

district, which are also its primary customers. The Bank Act vests the 
management of each Bank in a board of directors that consists of two 
types of directors: (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.\1\ The Office of 
Finance is also governed by a board of directors, which consists of the 
presidents of the eleven Banks and five independent directors.\2\
---------------------------------------------------------------------------

    \1\ See 12 U.S.C. 1427(a)(1), (b), (d).
    \2\ See 12 CFR 1273.7(a).
---------------------------------------------------------------------------

    Section 1319A of the Federal Housing Enterprises Financial Safety 
and Soundness Act of 1992 (Safety and Soundness Act) requires that each 
of the Banks establish an Office of Minority and Women Inclusion (OMWI) 
to be responsible for all matters relating to diversity in its 
management, employment, and business activities, in accordance with 
requirements established by FHFA.\3\ Section 1319A also requires that 
each Bank implement standards and procedures to ensure, to the maximum 
extent possible, the inclusion and utilization of women and minorities 
``at all levels'' of its business and activities, and submit an annual 
report to FHFA detailing actions taken to achieve those goals.\4\
---------------------------------------------------------------------------

    \3\ See 12 U.S.C. 4520(a).
    \4\ See 12 U.S.C. 4520(b), (d).
---------------------------------------------------------------------------

    FHFA's MWI regulations implement those statutory requirements and 
also extend the requirements to the Office of Finance. The regulations 
require generally that each Bank and the Office of Finance ``develop, 
implement, and maintain policies and procedures to ensure, to the 
maximum extent possible in balance with financially safe and sound 
business practices, the inclusion and utilization of minorities, women, 
individuals with disabilities, and minority-, women-, and disabled-
owned businesses in all business and activities and at all levels of 
the regulated entity, including in management, employment, procurement, 
insurance, and all types of contracts.'' \5\ In recognition of the fact 
that each Bank is required by statute to promote diversity and 
inclusion ``at all levels'' of its business and activities, the MWI 
regulations further require that the Banks' policies and procedures (as 
well as those of the Office of Finance) ``[e]ncourage the consideration 
of diversity in nominating or soliciting nominees for positions on 
boards of directors and engage in recruiting and outreach directed at 
encouraging individuals who are minorities, women and individuals with 
disabilities to seek or apply for employment with the regulated 
entity.'' \6\
---------------------------------------------------------------------------

    \5\ See 12 CFR 1223.21(b).
    \6\ See 12 CFR 1223.21(b)(7).
---------------------------------------------------------------------------

    In conformity with the statutory requirements, FHFA's MWI 
regulations require that each Bank and the Office of Finance submit to 
FHFA an annual report describing, among other things, its efforts to 
promote diversity at all levels of management and employment, and the 
results of those efforts.\7\ In order to provide a quantitative basis 
upon which to assess the results of those efforts, FHFA's regulations 
require that each Bank and the Office of Finance set forth in in their 
respective annual reports the demographic data reported on the EEO-1 
form, which they are required to file annually with the Equal 
Employment Opportunity Commission (EEOC).\8\ The EEO-1 form requires 
that each respondent provide race, ethnicity and gender information for 
its employees, broken down into various job categories. Because the 
EEO-1 form does not require that a respondent provide information on 
board directors, FHFA cannot use the EEO-1 data to assess the 
effectiveness of the Bank System's efforts to ``encourage the 
consideration of diversity in nominating or soliciting nominees for 
positions on boards of directors.''
---------------------------------------------------------------------------

    \7\ See 12 CFR 1223.22(a).
    \8\ See 12 CFR 1223.23(b)(1). As required by 29 CFR 1602.7, each 
Bank and the Office of Finance annually files an EEO-1 form with the 
EEOC.
---------------------------------------------------------------------------

    Therefore, in order to enable FHFA to assess those efforts, the MWI 
regulations separately require that the annual reports set forth 
``[d]ata showing for the reporting year by minority and gender 
classification, the number of individuals on the board of directors of 
each Bank and the Office of Finance,'' using the same racial and ethnic 
classifications that are used on the EEO-1 form (which comply with 
OMB's ``Statistical Policy Directive No. 15, Race and Ethnic Standards 
for Federal Statistics and Administrative Reporting'').\9\ The 
regulation requires that each Bank and the Office of Finance collect 
that data ``through an information collection requesting each 
director's voluntary self-identification of his or her minority and 
gender classification without personally identifiable information.''
---------------------------------------------------------------------------

    \9\ See 12 CFR 1223.23(b)(10)(i).
---------------------------------------------------------------------------

    FHFA uses the information collected under this control number to 
assess the effectiveness of the policies and procedures that each Bank 
and the Office of Finance is required to implement to promote diversity 
in all of its business and activities ``at all levels'' and, 
specifically, to encourage diversity in the nomination and solicitation 
of nominees for members of its boards of directors. FHFA also uses the 
information to establish a baseline to analyze future trends related to 
the diversity of the boards of directors of the Banks and the Office of 
Finance and to assess the effectiveness of the strategies developed by 
the Banks and the Office of Finance for promoting, developing, and 
retaining diverse board talent.

B. Burden Estimate

    FHFA estimates the total annual hour burden imposed upon 
respondents by this information collection to be 20 hours. This is 
based on estimates that 200 Bank and Office of Finance Directors will 
respond annually, with each response taking an average of 0.1 hours (6 
minutes) (200 respondents x 0.1 hours = 20 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: May 10, 2018.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2018-10431 Filed 5-15-18; 8:45 am]
BILLING CODE 8070-01-P