Proposed Collection; Comment Request, 23829-23831 [2020-09107]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES Federal Register / Vol. 85, No. 83 / Wednesday, April 29, 2020 / Notices www.reginfo.gov also send a copy of your comment on the proposed information collection to Cathy Williams, FCC, via email to PRA@ fcc.gov and to Cathy.Williams@fcc.gov. Include in the comments the OMB control number as shown in the SUPPLEMENTARY INFORMATION below. FOR FURTHER INFORMATION CONTACT: For additional information or copies of the information collection, contact Cathy Williams at (202) 418–2918. To view a copy of this information collection request (ICR) submitted to OMB: (1) Go to the web page http://www.reginfo.gov/ public/do/PRAMain, (2) look for the section of the web page called ‘‘Currently Under Review,’’ (3) click on the downward-pointing arrow in the ‘‘Select Agency’’ box below the ‘‘Currently Under Review’’ heading, (4) select ‘‘Federal Communications Commission’’ from the list of agencies presented in the ‘‘Select Agency’’ box, (5) click the ‘‘Submit’’ button to the right of the ‘‘Select Agency’’ box, (6) when the list of FCC ICRs currently under review appears, look for the Title of this ICR and then click on the ICR Reference Number. A copy of the FCC submission to OMB will be displayed. SUPPLEMENTARY INFORMATION: As part of its continuing effort to reduce paperwork burdens, as required by the Paperwork Reduction Act (PRA) of 1995 (44 U.S.C. 3501–3520), the FCC invited the general public and other Federal Agencies to take this opportunity to comment on the following information collection. Comments are requested concerning: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s burden estimates; (c) ways to enhance the quality, utility, and clarity of the information collected; and (d) ways to minimize the burden of the collection of information on the respondents, including the use of automated collection techniques or other forms of information technology. Pursuant to the Small Business Paperwork Relief Act of 2002, Public Law 107–198, see 44 U.S.C. 3506(c)(4), the FCC seeks specific comment on how it might ‘‘further reduce the information collection burden for small business concerns with fewer than 25 employees.’’ OMB Control Number: 3060–XXXX. Title: Advanced Methods to Target and Eliminate Unlawful Robocalls, CG Docket No. 17–59. Form Number: N/A. Type of Review: New collection. VerDate Sep<11>2014 20:00 Apr 28, 2020 Jkt 250001 Respondents: Businesses or other forprofit entities; not-for-profit institutions; Federal Government; State, Local or Tribal Government. Number of Respondents and Responses: 3,666 respondents; 15,375,326 responses. Estimated Time per Response: .004 hours (15 seconds) to 32 hours. Frequency of Response: Monthly, one time, and on occasion reporting requirements; recordkeeping requirement. Obligation to Respond: Mandatory. Statutory authority for this information collection is contained in sections 227 and 251(e)(1) of the Telecommunications Act of 1996. Total Annual Burden: 290,233 hours. Total Annual Cost: None. Nature and Extent of Confidentiality: An assurance of confidentiality is not offered because this information collection does not require the collection of personally identifiable information from individuals. Privacy Impact Assessment: No impact(s). Needs and Uses: On December 12, 2018, the Commission adopted rules in FCC 18–177, Second Report and Order, published at 84 FR 11226, March 26, 2019, which contain new information collection requirements. Specifically, the Commission concluded that the obligation to provide permanent disconnect information will apply to all reporting carriers as defined in the Commission’s numbering rules, which include wireless, wireline, and interconnected Voice over internet Protocol providers that obtain numbers from the North American Numbering Plan Administrator. As part of the Commission reporting requirements, reporting carriers must provide, among other things, the most recent date each North American Numbering Plan telephone number allocated or ported to the reporting carrier was permanently disconnected. The telephone number and date of permanent disconnection will allow voluntary users of the database to determine whether a number has been permanently disconnected prior to calling that number, thereby protecting against unwanted calls to consumers and potential Telephone Consumer Protection Act liability for callers. Reporting carriers and voluntary users of the reassigned numbers database may also need to provide contact information, including names, address, and telephone number, to enable the database administrator to contact the reporting carrier in case there are any issues with their submission. PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 23829 The Commission has referred to the North American Numbering Council the development of a technical requirements document for the reassigned numbers database for review by the Commission. The technical requirements document will contain a single, unified set of functional and interface requirements for: Technical interoperability and operational standards; the user interface specifications and data format for service providers to report to the Administrator; the user interfaces and other means by which callers may submit queries, including providing callers the abilities for high-volume and batch processing or to submit individual queries; appropriate safeguards to protect the privacy and security of subscribers, protect the database from unauthorized access, and ensure the security and integrity of the data; and keeping records of service providers’ reporting and accounting. Federal Communications Commission. Marlene Dortch, Secretary, Office of the Secretary. [FR Doc. 2020–09018 Filed 4–28–20; 8:45 am] BILLING CODE 6712–01–P FEDERAL HOUSING FINANCE AGENCY [No. 2020–N–10] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: Federal Home Loan Bank Capital Stock–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 (PRA), the Federal Housing Finance Agency (FHFA) is seeking public comments concerning an information collection known as ‘‘Federal Home Loan Bank Capital Stock,’’ which has been assigned control number 2590–0002 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 April 30, 2020. DATES: Interested persons may submit comments on or before May 29, 2020. ADDRESSES: Submit comments to the Office of Information and Regulatory Affairs of the Office of Management and SUMMARY: E:\FR\FM\29APN1.SGM 29APN1 23830 Federal Register / Vol. 85, No. 83 / Wednesday, April 29, 2020 / Notices 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: ‘Federal Home Loan Bank Capital Stock, (No. 2020–N–10)’’’ 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, 400 Seventh Street SW, Washington, DC 20219, ATTENTION: Proposed Collection; Comment Request: ‘‘Federal Home Loan Bank Capital Stock, (No. 2020–N–10).’’ We will post all public comments we receive without change, including any personal information you provide, such as your name and address, email address, and telephone number, on the FHFA website at http://www.fhfa.gov. In addition, copies of all comments received will be available for examination by the public through the electronic comment docket for this PRA Notice also located on the FHFA website. FOR FURTHER INFORMATION CONTACT: Rebecca Williams, Financial Analyst, Division of Federal Home Loan Bank Regulation, Rebecca.Williams@fhfa.gov (202) 649–3719; 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 Deaf is (800) 877–8339. SUPPLEMENTARY INFORMATION: jbell on DSKJLSW7X2PROD with NOTICES 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 that issues and services the Banks’ debt securities). The Banks are wholesale financial institutions, organized under authority of the Federal Home Loan Bank Act (Bank Act) to serve the public interest by enhancing the availability of residential housing finance and community lending credit through their member institutions and, to a limited extent, through certain eligible VerDate Sep<11>2014 20:00 Apr 28, 2020 Jkt 250001 nonmembers. Each Bank is structured as a regional cooperative that is owned and controlled by member institutions located within its district, which are also its primary customers. An institution that is eligible for membership in a particular Bank must purchase and hold a prescribed minimum amount of the Bank’s capital stock in order to become and remain a member of that Bank. With limited exceptions, only an institution that is a member of a Bank may obtain access to low cost secured loans, known as advances, or other products provided by that Bank. Section 6 of the Bank Act establishes capital requirements for the Banks and requires FHFA to issue regulations prescribing uniform capital standards applicable to all of the Banks.1 Section 6 also establishes parameters relating to the Banks’ capital structures and requires that each Bank adopt a ‘‘capital structure plan’’ (capital plan) to establish, within those statutory parameters, its own capital structure and to establish requirements for, and govern transactions in, the Bank’s capital stock.2 FHFA’s regulations on Bank Capital Requirements, Capital Stock, and Capital Plans are located at 12 CFR part 1277. B. Need For and Use of the Information Collection Both the Bank Act and FHFA’s regulations state that a Bank’s capital plan must require its members to maintain a minimum investment in the Bank’s capital stock, but both permit each Bank to determine for itself what that minimum investment is and how each member’s required minimum investment is to be calculated.3 Although each Bank’s capital plan establishes a slightly different method for calculating the required minimum stock investment for its members, each Bank’s method is tied to some degree to both the level of assets held by the member institution (typically referred to as a ‘‘membership stock purchase requirement’’) and the amount of advances or other business engaged in between the member and the Bank (typically referred to as an ‘‘activitybased stock purchase requirement’’). A Bank must collect information from its members to determine the minimum capital stock investment each member is required to maintain at any point in time. Although the information needed to calculate a member’s required 1 See 12 U.S.C. 1426(a). 12 U.S.C. 1426(b), (c). 3 See 12 U.S.C. 1426(c)(1); 12 CFR 1277.22, 1277.28(a). 2 See PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 minimum investment and the precise method through which it is collected differ somewhat from Bank to Bank, the Banks typically collect two types of information. First, in order to calculate and monitor compliance with its membership stock purchase requirement, a Bank typically requires each member to provide and/or confirm an annual report on the amount and types of assets held by that institution. Second, each time a Bank engages in a business transaction with a member, the Bank typically confirms with the member the amount of additional Bank capital stock, if any, the member must acquire in order to satisfy the Bank’s activity-based stock purchase requirement and the method through which the member will acquire that stock. The OMB number for the information collection is 2590–0002, which is due to expire on April 30, 2020. The likely respondents include current and former Bank members and institutions applying for Bank membership. C. Burden Estimate FHFA has analyzed the time burden imposed on respondents by the two collections under this control number and estimates that the average total annual hour burden imposed on all respondents over the next three years will be 23,135 hours. The estimate for each collection was calculated as follows: 1. Membership Stock Purchase Requirement Submissions FHFA estimates that the average annual number of current and former members and applicants for membership required to report information needed to calculate a membership stock purchase requirement will be 6,950, and that each institution will submit one report per year, resulting in an estimated total of 6,950 submissions annually. The estimate for the average time required to prepare, review, and submit each report is 0.7 hours. Accordingly, the estimate for the annual hour burden associated with membership stock purchase requirement submissions is (6,950 reports × 0.7 hours per report) = 4,865 hours. 2. Activity-Based Stock Purchase Requirement Submissions FHFA estimates that the average number of daily transactions between Banks and members that will require the exchange of information to confirm the member’s activity-based stock purchase requirement will be 350, and that there will be an average of 261 working days E:\FR\FM\29APN1.SGM 29APN1 Federal Register / Vol. 85, No. 83 / Wednesday, April 29, 2020 / Notices per year, resulting in an estimated 91,350 submissions annually. The estimate for the average preparation time per submission is 0.2 hours. Accordingly, the estimate for the annual hour burden associated with activitybased stock purchase requirement submissions is (91,350 submissions × 0.2 hours per submission) = 18,270 hours. D. Comment Request In accordance with the requirements of 5 CFR 1320.8(d), FHFA published an initial notice and request for public comments regarding this information collection in the Federal Register on February 19, 2020.4 The 60-day comment period closed on April 20, 2020. FHFA received no comments. 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. Robert Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2020–09107 Filed 4–28–20; 8:45 am] BILLING CODE 8070–01–P FEDERAL MARITIME COMMISSION jbell on DSKJLSW7X2PROD with NOTICES Notice of Agreements Filed The Commission hereby gives notice of the filing of the following agreements under the Shipping Act of 1984. Interested parties may submit comments, relevant information, or documents regarding the agreements to the Secretary by email at Secretary@ fmc.gov, or by mail, Federal Maritime Commission, Washington, DC 20573. Comments will be most helpful to the Commission if received within 12 days of the date this notice appears in the Federal Register. Copies of agreements are available through the Commission’s website (www.fmc.gov) or by contacting the Office of Agreements at (202)–523– 5793 or tradeanalysis@fmc.gov. Agreement No.: 011830–013. Agreement Name: Indamex Cross Space Charter, Sailing and Cooperative Working Agreement. 4 See 85 FR 9471 (Feb. 19, 2020). VerDate Sep<11>2014 20:00 Apr 28, 2020 Jkt 250001 Parties: CMA CGM S.A.; Hapag-Lloyd AG; Ocean Network Express Pte. Ltd.; and Orient Overseas Container Line Limited. Filing Party: Wayne Rohde; Cozen O’Connor. Synopsis: The amendment revises Article 5.2(a) to revise the size and maximum number of vessels to be provided and to delete obsolete language. Proposed Effective Date: 6/1/2020. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/553. Agreement No.: 201332–001. Agreement Name: Maersk/MSC/SML Cooperative Working Agreement. Parties: Maersk A/S; Mediterranean Shipping Company S.A.; SM Line Corporation. Filing Party: Wayne Rohde; Cozen O’Connor. Synopsis: The amendment adds a new Article 12 setting forth a temporary, alternative arrangement between the parties that will apply on an interim basis in light of the suspension of the USWC3 service. Proposed Effective Date: 6/1/2020. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/27468. Agreement No.: 201243–001. Agreement Name: COSCO SHIPPING/ WHL Slot Charter Agreement. Parties: COSCO SHIPPING Lines Co., Ltd.; Wan Hai Lines (Singapore) Pte. Ltd.; and Wan Hai Lines Ltd. Filing Party: Eric Jeffrey; Nixon Peabody. Synopsis: The Amendment expands the geographic scope to include Taiwan and Vietnam, and updates the address of WHL (Singapore). Proposed Effective Date: 4/20/2020. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/7135. Agreement No.: 201340. Agreement Name: Hyundai Glovis/ Kawasaki Kisen Kaisha Ltd. Europe to United States Space Charter Agreement. Parties: Hyundai Glovis Co., Ltd. and Kawasaki Kisen Kaisha, Ltd. Filing Party: Wayne Rohde; Cozen O’Connor. Synopsis: The agreement authorizes Hyundai Glovis to charter space to ‘‘K’’ Line on an ad hoc basis on Hyundai Glovis vessels in the trades between the U.S. East and West Coasts on the one hand and Spain, Italy, France, Belgium, Germany, the United Kingdom, and Sweden on the other hand. Proposed Effective Date: 4/21/2020. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/29491. PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 23831 Agreement No.: 201256–001. Agreement Name: Maersk/MSC GulfECSA Vessel Sharing Agreement. Parties: Maersk A/S and Mediterranean Shipping Company S.A. Filing Party: Wayne Rohde; Cozen O’Connor. Synopsis: The amendment deletes the expiration date of the Agreement and changes the name of the Maersk entity that is party to the Agreement. Proposed Effective Date: 6/5/2020. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/12179. Agreement No.: 201271–001. Agreement Name: MED/USEC Vessel Sharing Agreement. Parties: Hapag-Lloyd; Yang Ming Marine Transport Corp. and Yang Ming (UK) Ltd. (acting as a single party); Ocean Network Express Pte. Ltd.; COSCO SHIPPING Lines Co., Ltd.; CMA CGM S.A. and APL Co. Pte. Ltd. and American President Lines, Ltd. (acting as a single party); and Orient Overseas Container Line Limited and OOCL (Europe) Limited (acting as a single party). Filing Party: Robert Magovern; Cozen O’Connor. Synopsis: The amendment deletes COSCO SHIPPING Lines (Europe) GmbH as a party to the Agreement and corrects the address for COSCO SHIPPING Lines Co., Ltd. Proposed Effective Date: 4/23/2020. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/16275. Dated: April 24, 2020. Rachel E. Dickon, Secretary. [FR Doc. 2020–09079 Filed 4–28–20; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM [Docket No. OP–1699] FEDERAL DEPOSIT INSURANCE CORPORATION RIN 3064–ZA15 Guidance for Resolution Plan Submissions of Certain Foreign-Based Covered Companies; Extension of Comment Period Board of Governors of the Federal Reserve System (Board) and Federal Deposit Insurance Corporation (FDIC). ACTION: Proposed guidance; extension of comment period. AGENCY: On March 18, 2020, the Board and the FDIC (together, the agencies) SUMMARY: E:\FR\FM\29APN1.SGM 29APN1

Agencies

[Federal Register Volume 85, Number 83 (Wednesday, April 29, 2020)]
[Notices]
[Pages 23829-23831]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09107]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2020-N-10]


Proposed Collection; Comment Request

AGENCY: Federal Housing Finance Agency.

ACTION: Federal Home Loan Bank Capital Stock-30-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) is seeking 
public comments concerning an information collection known as ``Federal 
Home Loan Bank Capital Stock,'' which has been assigned control number 
2590-0002 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 
April 30, 2020.

DATES: Interested persons may submit comments on or before May 29, 
2020.

ADDRESSES: Submit comments to the Office of Information and Regulatory 
Affairs of the Office of Management and

[[Page 23830]]

Budget, Attention: Desk Officer for the Federal Housing Finance Agency, 
Washington, DC 20503, Fax: (202) 395-3047, Email: 
[email protected]. Please also submit comments to FHFA, 
identified by ``Proposed Collection; Comment Request: `Federal Home 
Loan Bank Capital Stock, (No. 2020-N-10)''' 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: ``Federal Home Loan Bank Capital Stock, 
(No. 2020-N-10).''
    We will post all public comments we receive without change, 
including any personal information you provide, such as your name and 
address, email address, and telephone number, on the FHFA website at 
http://www.fhfa.gov. In addition, copies of all comments received will 
be available for examination by the public through the electronic 
comment docket for this PRA Notice also located on the FHFA website.

FOR FURTHER INFORMATION CONTACT: Rebecca Williams, Financial Analyst, 
Division of Federal Home Loan Bank Regulation, 
[email protected] (202) 649-3719; 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 
Deaf 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 that issues and services the Banks' debt securities). The Banks 
are wholesale financial institutions, organized under authority of the 
Federal Home Loan Bank Act (Bank Act) to serve the public interest by 
enhancing the availability of residential housing finance and community 
lending credit through their member institutions and, to a limited 
extent, through certain eligible nonmembers. Each Bank is structured as 
a regional cooperative that is owned and controlled by member 
institutions located within its district, which are also its primary 
customers. An institution that is eligible for membership in a 
particular Bank must purchase and hold a prescribed minimum amount of 
the Bank's capital stock in order to become and remain a member of that 
Bank. With limited exceptions, only an institution that is a member of 
a Bank may obtain access to low cost secured loans, known as advances, 
or other products provided by that Bank.
    Section 6 of the Bank Act establishes capital requirements for the 
Banks and requires FHFA to issue regulations prescribing uniform 
capital standards applicable to all of the Banks.\1\ Section 6 also 
establishes parameters relating to the Banks' capital structures and 
requires that each Bank adopt a ``capital structure plan'' (capital 
plan) to establish, within those statutory parameters, its own capital 
structure and to establish requirements for, and govern transactions 
in, the Bank's capital stock.\2\ FHFA's regulations on Bank Capital 
Requirements, Capital Stock, and Capital Plans are located at 12 CFR 
part 1277.
---------------------------------------------------------------------------

    \1\ See 12 U.S.C. 1426(a).
    \2\ See 12 U.S.C. 1426(b), (c).
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B. Need For and Use of the Information Collection

    Both the Bank Act and FHFA's regulations state that a Bank's 
capital plan must require its members to maintain a minimum investment 
in the Bank's capital stock, but both permit each Bank to determine for 
itself what that minimum investment is and how each member's required 
minimum investment is to be calculated.\3\ Although each Bank's capital 
plan establishes a slightly different method for calculating the 
required minimum stock investment for its members, each Bank's method 
is tied to some degree to both the level of assets held by the member 
institution (typically referred to as a ``membership stock purchase 
requirement'') and the amount of advances or other business engaged in 
between the member and the Bank (typically referred to as an 
``activity-based stock purchase requirement'').
---------------------------------------------------------------------------

    \3\ See 12 U.S.C. 1426(c)(1); 12 CFR 1277.22, 1277.28(a).
---------------------------------------------------------------------------

    A Bank must collect information from its members to determine the 
minimum capital stock investment each member is required to maintain at 
any point in time. Although the information needed to calculate a 
member's required minimum investment and the precise method through 
which it is collected differ somewhat from Bank to Bank, the Banks 
typically collect two types of information. First, in order to 
calculate and monitor compliance with its membership stock purchase 
requirement, a Bank typically requires each member to provide and/or 
confirm an annual report on the amount and types of assets held by that 
institution. Second, each time a Bank engages in a business transaction 
with a member, the Bank typically confirms with the member the amount 
of additional Bank capital stock, if any, the member must acquire in 
order to satisfy the Bank's activity-based stock purchase requirement 
and the method through which the member will acquire that stock.
    The OMB number for the information collection is 2590-0002, which 
is due to expire on April 30, 2020. The likely respondents include 
current and former Bank members and institutions applying for Bank 
membership.

C. Burden Estimate

    FHFA has analyzed the time burden imposed on respondents by the two 
collections under this control number and estimates that the average 
total annual hour burden imposed on all respondents over the next three 
years will be 23,135 hours. The estimate for each collection was 
calculated as follows:

1. Membership Stock Purchase Requirement Submissions

    FHFA estimates that the average annual number of current and former 
members and applicants for membership required to report information 
needed to calculate a membership stock purchase requirement will be 
6,950, and that each institution will submit one report per year, 
resulting in an estimated total of 6,950 submissions annually. The 
estimate for the average time required to prepare, review, and submit 
each report is 0.7 hours. Accordingly, the estimate for the annual hour 
burden associated with membership stock purchase requirement 
submissions is (6,950 reports x 0.7 hours per report) = 4,865 hours.

2. Activity-Based Stock Purchase Requirement Submissions

    FHFA estimates that the average number of daily transactions 
between Banks and members that will require the exchange of information 
to confirm the member's activity-based stock purchase requirement will 
be 350, and that there will be an average of 261 working days

[[Page 23831]]

per year, resulting in an estimated 91,350 submissions annually. The 
estimate for the average preparation time per submission is 0.2 hours. 
Accordingly, the estimate for the annual hour burden associated with 
activity-based stock purchase requirement submissions is (91,350 
submissions x 0.2 hours per submission) = 18,270 hours.

D. Comment Request

    In accordance with the requirements of 5 CFR 1320.8(d), FHFA 
published an initial notice and request for public comments regarding 
this information collection in the Federal Register on February 19, 
2020.\4\ The 60-day comment period closed on April 20, 2020. FHFA 
received no comments.
---------------------------------------------------------------------------

    \4\ See 85 FR 9471 (Feb. 19, 2020).
---------------------------------------------------------------------------

    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.

Robert Winkler,
Chief Information Officer, Federal Housing Finance Agency.
[FR Doc. 2020-09107 Filed 4-28-20; 8:45 am]
BILLING CODE 8070-01-P