Proposed Collection; Comment Request, 53484-53486 [2023-16910]

Download as PDF 53484 Federal Register / Vol. 88, No. 151 / Tuesday, August 8, 2023 / Notices ddrumheller on DSK120RN23PROD with NOTICES1 or contribute to new air quality violations, worsen existing violations, or delay timely attainment of the relevant national ambient air quality standards (NAAQS or ‘‘standards’’) or interim milestones. Transportation conformity applies under EPA’s conformity regulations at 40 CFR part 93, subpart A, to areas that are designated nonattainment, and those redesignated to attainment after 1990 (‘‘maintenance areas’’ with plans developed under Clean Air Act section 175A) for the following transportationrelated criteria pollutants: ozone, particulate matter (PM2.5 and PM10), carbon monoxide (CO), and nitrogen dioxide (NO2). EPA published the original transportation conformity rule on November 24, 1993 (58 FR 62188), and subsequently published several revisions. EPA develops the conformity regulations in coordination with the Federal Highway Administration (FHWA) and Federal Transit Administration (FTA). Transportation conformity determinations are required before federal approval or funding is given to certain types of transportation planning documents as well as non-exempt highway and transit projects.1 EPA considered the following in renewing the existing ICR: • Burden estimates for transportation conformity determinations (including both regional and project-level) in current nonattainment and maintenance areas for the ozone, PM2.5, PM10, and CO NAAQS; 2 • Federal burden associated with EPA’s adequacy review process for submitted SIP motor vehicle emissions budgets that are to be used in conformity determinations; • Efficiencies in areas making conformity determinations for multiple NAAQS; • Differences in conformity resource needs in large and small metropolitan areas and isolated rural areas; • Infrequency of conformity determinations in isolated rural areas; • Reduced burden from certain areas no longer determining conformity for the 1997 annual PM2.5 NAAQS due to revocation; 3 • Reduced burden from areas completing 20 years of maintenance for 1 Some projects are exempt from all or certain conformity requirements; see 40 CFR 93.126, 93.127, and 93.128. 2 Currently there are no NO nonattainment or 2 maintenance areas that are required to make transportation conformity determinations. 3 See 81 FR 58010 (published on August 24, 2016 and effective October 24, 2016) for a description of this revocation and implications for transportation conformity. VerDate Sep<11>2014 20:00 Aug 07, 2023 Jkt 259001 PM10, NO2 and CO NAAQS, at which time transportation conformity is no longer required; and, • The limited conformity requirements that apply in the 1997 ozone NAAQS areas that were not designated nonattainment for a later ozone NAAQS. This ICR does not include burden associated with the general development of transportation planning and air quality planning documents for meeting other federal requirements. Form Numbers: None. Respondents/affected entities: Entities potentially affected by this action are metropolitan planning organizations (MPOs), state departments of transportation, local transit agencies, and state and local air quality agencies. Federal agencies potentially affected by this action include FHWA, FTA, and EPA. Respondent’s obligation to respond: Mandatory pursuant to Clean Air Act section 176(c) (42 U.S.C. 7506(c)) and 40 CFR and Part 93 Subpart A. Estimated number of respondents: EPA estimates that 102 MPOs will be subject to transportation conformity requirements during the period covered by this ICR and that EPA Regional Offices, FHWA, and FTA will be involved in interagency consultation, and review of MPO transportationrelated conformity determinations during this process. EPA also estimates that similar consultation will occur for project-level conformity determinations in isolated rural areas. In addition, there are 46 MPOs that determine conformity only for the 1997 ozone NAAQS that are also accounted for, but their conformityrelated requirements are estimated to be limited and less burdensome due to the circumstances with that NAAQS. Frequency of response: The information collections described in this ICR must be completed before a transportation plan, TIP, or project conformity determination is made. The Clean Air Act requires conformity to be determined for transportation plans and TIPs every four years. Conformity determinations on projects in metropolitan and isolated rural areas are required on an as-needed basis. Total estimated burden: 42,481 hours (per year). Burden is defined at 5 CFR 1320.3(b). Total estimated cost: $2,946,914 (per year), includes zero annualized capital or operation and maintenance costs. Changes in Estimates: There is a decrease of 8,590 hours in the total estimated respondent burden compared with the ICR currently approved by OMB. This decrease is due to PM10, NO2, and CO areas reaching the end of PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 the 20-year maintenance period, beyond which transportation conformity is not required, as well as fewer transportation conformity determinations for areas previously designated nonattainment or maintenance for the 1997 annual PM2.5 NAAQS and the 1997 ozone NAAQS. Additionally, EPA updated its assumptions about the frequency of conformity determinations in isolated rural areas, which reduced the number of actions and resulting burden hours compared to previous ICRs. Michael Moltzen, Deputy Director, Transportation and Climate Division, Office of Transportation and Air Quality, Office of Air and Radiation. [FR Doc. 2023–16873 Filed 8–7–23; 8:45 am] BILLING CODE 6560–50–P ENVIRONMENTAL PROTECTION AGENCY [EPA–R05–SFUND–2023–0369; FRL–11170– 01–R5] Proposed Prospective Purchaser Agreement for the Delphi 1 Anderson Site in Anderson, Indiana In notice document 2023–15215 beginning on page 46155 in the issue of Wednesday, July 19, 2023, make the following corrections: 1. On page 46155, in the third column, in the third line, ‘‘[EPA–R05– INSERT; FRL–INSERT–Region 5]’’ should read ‘‘[EPA–R05–SFUND–2023– 0369; FRL–11170–01–R5]’’. 2. On page 46156, in the first column, in the twenty-third line, under ADDRESSES, ‘‘[EPA–R05–INSERT; FRL– INSERT–Region 5]’’ should read ‘‘[EPA– R05–SFUND–2023–0369; FRL–11170– 01–R5]’’. 3. On page 46156, in the first column, in the eleventh line from the bottom, ‘‘[EPA–R05–INSERT; FRL–INSERT– Region 5]’’ should read ‘‘[EPA–R05– SFUND–2023–0369; FRL–11170–01– R5]’’. [FR Doc. C1–2023–15215 Filed 8–7–23; 8:45 am] BILLING CODE 0099–10–P FEDERAL HOUSING FINANCE AGENCY [No. 2023–N–9] Proposed Collection; Comment Request Federal Housing Finance Agency. ACTION: Federal Home Loan Bank Capital Stock—60-day notice of submission of information collection for AGENCY: E:\FR\FM\08AUN1.SGM 08AUN1 Federal Register / Vol. 88, No. 151 / Tuesday, August 8, 2023 / Notices approval from Office of Management and Budget. In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA) is seeking public comment 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 November 30, 2023. DATES: Interested persons may submit comments on or before October 10, 2023. ADDRESSES: Submit comments to FHFA, identified by ‘‘Proposed Collection; Comment Request: ‘Federal Home Loan Bank Capital Stock, (No. 2023–N–9)’ ’’ 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, Office of General Counsel, 400 Seventh Street SW, Washington, DC 20219, ATTENTION: Proposed Collection; Comment Request: ‘‘Federal Home Loan Bank Capital Stock, (No. 2023–N–9).’’ 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. 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: Lindsay Spadoni, Assistant General Counsel, Lindsay.Spadoni@fhfa.gov, (202) 649–3634 or Angela Supervielle, Senior Counsel, Angela.Supervielle@ fhfa.gov, (202) 649–3973 (these are not toll-free numbers). For TTY/TRS users with hearing and speech disabilities, dial 711 and ask to be connected to any of the contact numbers above. SUPPLEMENTARY INFORMATION: ddrumheller on DSK120RN23PROD with NOTICES1 SUMMARY: A. Paperwork Reduction Act Under the PRA (44 U.S.C. 3501– 3520), Federal agencies must obtain VerDate Sep<11>2014 20:00 Aug 07, 2023 Jkt 259001 approval from OMB for each collection of information they conduct or sponsor. ‘‘Collection of information’’ is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that ten or more persons submit information to a third party. Section 3506(c)(2)(A) of title 44 requires Federal agencies to provide a 60-day notice 1 in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, before submitting the collection of information to OMB for approval. FHFA’s collection of information set forth in this document is titled ‘‘Federal Home Loan Bank Capital Stock’’ (assigned control number 2590–0002 by OMB). To comply with the PRA requirement, FHFA is publishing notice of a proposed threeyear extension of this collection of information and renewal of the control number, which is due to expire on November 30, 2023. B. 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.2 Section 6 also establishes parameters relating to 1 Following the close of this notice’s 60-day comment period, FHFA will publish a second notice with a 30-day comment period as required by 44 U.S.C. 3507(b) and 5 CFR 1320.10(a). 2 See 12 U.S.C. 1426(a). PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 53485 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.3 FHFA’s regulations on Bank Capital Requirements, Capital Stock, and Capital Plans are located at 12 CFR part 1277. C. 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.4 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 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 3 See 12 U.S.C. 1426(b), (c). 12 U.S.C. 1426(c)(1); 12 CFR 1277.22, 1277.28(a). 4 See E:\FR\FM\08AUN1.SGM 08AUN1 53486 Federal Register / Vol. 88, No. 151 / Tuesday, August 8, 2023 / Notices expire on November 30, 2023. The likely respondents include current and former Bank members and institutions applying for Bank membership. collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. D. 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 20,245 hours. The estimate for each collection was calculated as follows: Shawn Bucholtz, Chief Data Officer, Federal Housing Finance Agency. 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 6,550, and that each institution will submit one report per year, resulting in an estimated total of 6,550 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 (6,550 reports x 0.7 hours per report) = 4,585 hours. ddrumheller on DSK120RN23PROD with NOTICES1 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 300, and that there will be an average of 261 working days per year, resulting in an estimated 78,300 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 (78,300 submissions × 0.2 hours per submission) = 15,660 hours. E. Comment 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 VerDate Sep<11>2014 20:00 Aug 07, 2023 Jkt 259001 [FR Doc. 2023–16910 Filed 8–7–23; 8:45 am] BILLING CODE 8070–01–P GENERAL SERVICES ADMINISTRATION [Notice–P–2023–02; Docket No. 2023–0002; Sequence No. 25] Notice of Intent To Prepare an Environmental Impact Statement and Public Scoping Meeting for the Expansion and Modernization of the Kenneth G Ward Land Port of Entry in Lynden, Washington and the Sumas Land Port of Entry in Sumas, Washington Office of Public Buildings Service (PBS); General Services Administration, (GSA). ACTION: Notice. AGENCY: Pursuant to the requirements of the National Environmental Policy Act of 1969 (NEPA), the Council on Environmental Quality Regulations, and the GSA/PBS NEPA Desk Guide, GSA intends to prepare an Environmental Impact Statement (EIS) to analyze the potential environmental impacts from the proposed expansion and modernization of the Kenneth G. Ward Land Port of Entry (LPOE) located in Lynden, Washington and the Sumas LPOE located in Sumas, Washington. GSA has initiated the required Section 106 consultation of the National Historic Preservation Act (NHPA) involving outreach efforts with the Washington State Historic Preservation Officer (SHPO) and Tribes. DATES: A virtual public scoping meeting, in open house format, will be held on Wednesday, August 23, 2023, from 5:00 p.m. to 7:00 p.m. Pacific Daylight Time (PDT). Interested parties should submit comments by Tuesday, September 12, 2023, to be considered in the formation of the Draft EIS. The views and comments of the public are necessary to help determine the scope and content of the environmental analysis. The meeting will be held on the Zoom platform where GSA will present and distribute project information and obtain input on the scope of the project. The link for the public scoping meeting can be found on the GSA project SUMMARY: PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 websites at: https://www.gsa.gov/ lynden or https://www.gsa.gov/sumas. All mail-in comments must be postmarked by September 12, 2023. Deadlines for Requests of Special Accommodations: Persons needing special accommodations shall notify Emily Grimes at LyndenLPOE@gsa.gov or SumasLPOE@gsa.gov by 12:00 p.m. PDT, on August 16, 2023. ADDRESSES: The public is encouraged to provide written comments regarding the scope of the EIS at the meeting and throughout the comment period. Submit comments identified by Notice–P–2023– 02 by any of the following methods: • Email: LyndenLPOE@gsa.gov, or SumasLPOE@gsa.gov. Include Notice Identifier in the subject line of the message. • Virtual Meeting: Online comment forms will be available during the August 23rd open-house public meeting and at the GSA project websites listed below throughout the comment period: https://www.gsa.gov/lynden and https:// www.gsa.gov/sumas. • Mail: U.S. General Services Administration, Attention: Emily Grimes, Environmental Program Manager, 1301 A Street, Suite 610, Tacoma, WA 98402. Written comments must be postmarked by September 12, 2023. • Federal Register: Submit comments in response to Notice–P–2023–02 via https://www.regulations.gov. Submit comments via the Federal eRulemaking portal by searching for ‘‘Notice–P–2023– 02’’. Select the link ‘‘Comment’’ that corresponds with Notice–P–2023–02.’’ Follow the instructions provided at the screen. Please include your name, company name (if any), and ‘‘Notice–P– 2023–02’’ on your attached document. Comments received generally will be posted without change to https:// www.regulations.gov, including any personal and/or business confidential information provided. To confirm receipt of your comment(s), please check https://www.regulations.gov, approximately two-to-three days after submission to verify posting. FOR FURTHER INFORMATION CONTACT: Emily Grimes, Environmental Program Manager, Facilities Management Division, GSA. Phone: (253) 394–4026. Email: LyndenLPOE@gsa.gov and SumasLPOE@gsa.gov. For press inquiries only, please contact Christi Chidester Votisek, Public Affairs Officer, GSA. Phone: (253) 931– 7127. Email: christina.chidester@ gsa.gov. SUPPLEMENTARY INFORMATION: The Kenneth G. Ward LPOE is located at 9949 WA–539, Lynden, WA 98264 E:\FR\FM\08AUN1.SGM 08AUN1

Agencies

[Federal Register Volume 88, Number 151 (Tuesday, August 8, 2023)]
[Notices]
[Pages 53484-53486]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-16910]


=======================================================================
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FEDERAL HOUSING FINANCE AGENCY

[No. 2023-N-9]


Proposed Collection; Comment Request

AGENCY: Federal Housing Finance Agency.

ACTION: Federal Home Loan Bank Capital Stock--60-day notice of 
submission of information collection for

[[Page 53485]]

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 comment 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 
November 30, 2023.

DATES: Interested persons may submit comments on or before October 10, 
2023.

ADDRESSES: Submit comments to FHFA, identified by ``Proposed 
Collection; Comment Request: `Federal Home Loan Bank Capital Stock, 
(No. 2023-N-9)' '' 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, Office 
of General Counsel, 400 Seventh Street SW, Washington, DC 20219, 
ATTENTION: Proposed Collection; Comment Request: ``Federal Home Loan 
Bank Capital Stock, (No. 2023-N-9).''
    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.
    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: Lindsay Spadoni, Assistant General 
Counsel, [email protected], (202) 649-3634 or Angela 
Supervielle, Senior Counsel, [email protected], (202) 649-
3973 (these are not toll-free numbers). For TTY/TRS users with hearing 
and speech disabilities, dial 711 and ask to be connected to any of the 
contact numbers above.

SUPPLEMENTARY INFORMATION: 

A. Paperwork Reduction Act

    Under the PRA (44 U.S.C. 3501-3520), Federal agencies must obtain 
approval from OMB for each collection of information they conduct or 
sponsor. ``Collection of information'' is defined in 44 U.S.C. 3502(3) 
and 5 CFR 1320.3(c) to include agency requests or requirements that ten 
or more persons submit information to a third party.
    Section 3506(c)(2)(A) of title 44 requires Federal agencies to 
provide a 60-day notice \1\ in the Federal Register concerning each 
proposed collection of information, including each proposed extension 
of an existing collection of information, before submitting the 
collection of information to OMB for approval. FHFA's collection of 
information set forth in this document is titled ``Federal Home Loan 
Bank Capital Stock'' (assigned control number 2590-0002 by OMB). To 
comply with the PRA requirement, FHFA is publishing notice of a 
proposed three-year extension of this collection of information and 
renewal of the control number, which is due to expire on November 30, 
2023.
---------------------------------------------------------------------------

    \1\ Following the close of this notice's 60-day comment period, 
FHFA will publish a second notice with a 30-day comment period as 
required by 44 U.S.C. 3507(b) and 5 CFR 1320.10(a).
---------------------------------------------------------------------------

B. 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.\2\ 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.\3\ FHFA's regulations on Bank Capital 
Requirements, Capital Stock, and Capital Plans are located at 12 CFR 
part 1277.
---------------------------------------------------------------------------

    \2\ See 12 U.S.C. 1426(a).
    \3\ See 12 U.S.C. 1426(b), (c).
---------------------------------------------------------------------------

C. 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.\4\ 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'').
---------------------------------------------------------------------------

    \4\ 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

[[Page 53486]]

expire on November 30, 2023. The likely respondents include current and 
former Bank members and institutions applying for Bank membership.

D. 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 20,245 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 
6,550, and that each institution will submit one report per year, 
resulting in an estimated total of 6,550 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 (6,550 reports x 0.7 hours per report) = 4,585 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 300, and that there will be an average of 261 working days per year, 
resulting in an estimated 78,300 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 (78,300 submissions x 0.2 
hours per submission) = 15,660 hours.

E. Comment 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.

Shawn Bucholtz,
Chief Data Officer, Federal Housing Finance Agency.
[FR Doc. 2023-16910 Filed 8-7-23; 8:45 am]
BILLING CODE 8070-01-P
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