Proposed Collection; Comment Request, 23829-23831 [2020-09107]
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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 https://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.
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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.
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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:
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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: 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 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 https://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
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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.
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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
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]]>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: 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 [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
https://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).
---------------------------------------------------------------------------
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.
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\4\ See 85 FR 9471 (Feb. 19, 2020).
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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
