Proposed Collection; Comment Request, 72078-72080 [2023-23067]
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<![CDATA[
72078
Federal Register / Vol. 88, No. 201 / Thursday, October 19, 2023 / Notices
SUMMARY OF ESTIMATED ANNUAL BURDEN
[OMB No. 3064–0198]
Number of
responses per
respondent
Type of burden
(frequency of response)
1. Generic Information Collection for
Qualitative Research, (Voluntary).
Reporting (Once) ..............................
10,000
1
01:00
10,000
...........................................................
........................
........................
........................
10,000
Total Annual Burden (Hours) .....
Number of
respondents
Time per
response
(HH:MM)
Information collection
(obligation to respond)
Annual burden
(hours)
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Source: FDIC.
General Description of Collection: The
FDIC is requesting renewal of this
approved collection to use occasional
qualitative surveys to gather information
from the public to inform qualitative
research. While the subject and nature
of the surveys to be deployed under this
information collection are yet to be
determined, based on prior experience it
is expected that the number or
respondents will range from a few to, at
times, several thousands, but, in
general, these surveys are expected to
involve an average of 500 respondents.
Likewise, the time to respond to the
surveys can range from a few minutes to
several hours, but, it is expected that the
average time to respond to a survey is
approximately one hour. These surveys
are completely voluntary in nature.
FDIC estimates that approximately 20
such surveys will be conducted in any
given year. Currently, the FDIC has a
variety of methods to collect
quantitative information from
consumers and institutions (e.g., Call
Reports, FDIC National Survey of
Unbanked and Underbanked
Households, etc.). Qualitative data
would provide complementary
information on insights, opinions, and
perceptions that will inform how the
FDIC approaches its mission to
safeguard financial stability of the
banking system and promote consumer
protection and economic inclusion. This
clearance would allow the FDIC to
engage with consumers and other
relevant stakeholders through
qualitative research methods such as
focus groups, in-depth interviews,
cognitive testing, and/or qualitative
virtual methods. The purpose of the
surveys is, in general terms, to obtain
anecdotal information about regulatory
burden, problems or successes in the
bank supervisory process (including
both safety-and-soundness and
consumer related exams), the perceived
need for regulatory or statutory change,
and similar concerns. The information
in these surveys is anecdotal in nature,
that is, samples are not necessarily
random, the results are not necessarily
representative of a larger class of
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17:48 Oct 18, 2023
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potential respondents, and the goal is
not to produce a statistically valid and
reliable database. Rather, the surveys are
expected to yield anecdotal information
about the particular experiences and
opinions of members of the public,
primarily staff at respondent banks or
bank customers. The collection is
noncontroversial and does not raise
issues of concern to other Federal
agencies; with the exception of
information needed to provide
remuneration for participants of focus
groups and cognitive laboratory studies,
personally identifiable information (PII)
is collected only to the extent necessary
and is not retained. Participation in this
information collection will be voluntary
and conducted in-person, by phone, or
using other methods, such as virtual
technology. The types of collections that
this generic clearance covers include,
but are not limited to: Small discussion
groups; focus groups of consumers,
financial industry professionals, or
other stakeholders; cognitive laboratory
studies, such as those used to refine
questions or assess usability of a
website; qualitative customer
satisfaction surveys (e.g., posttransaction surveys; opt-out web
surveys); and in-person observation
testing (e.g., website or software
usability tests).
There is no change in the substance
or methodology of this information
collection.
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collections,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collections of information
on respondents, including through the
use of automated collection techniques
or other forms of information
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technology. All comments will become
a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on October 13,
2023.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2023–23054 Filed 10–18–23; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL HOUSING FINANCE
AGENCY
[No. 2023–N–12]
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 November 30, 2023.
DATES: Interested persons may submit
comments on or before November 20,
2023.
ADDRESSES: Submit comments to the
Office of Information and Regulatory
Affairs of the Office of Management and
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
SUMMARY:
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Federal Register / Vol. 88, No. 201 / Thursday, October 19, 2023 / Notices
Request: ‘Federal Home Loan Bank
Capital Stock, (No. 2023–N–12)’ ’’ 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–12).’’
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:
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.
A. Paperwork Reduction Act
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.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
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.
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, 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
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17:48 Oct 18, 2023
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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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72079
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
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 × 0.7 hours per report) = 4,585
hours.
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Federal Register / Vol. 88, No. 201 / Thursday, October 19, 2023 / Notices
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
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
August 8, 2023.4 The 60-day comment
period closed on October 10, 2023.
FHFA received no substantive
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.
Shawn Bucholtz,
Chief Data Officer, Federal Housing Finance
Agency.
[FR Doc. 2023–23067 Filed 10–18–23; 8:45 am]
BILLING CODE 8070–01–P
FEDERAL RESERVE SYSTEM
Sunshine Meeting Notice
Board of
Governors of the Federal Reserve
System.
TIME AND DATE: 1:00 p.m. on Wednesday,
October 25, 2023.
PLACE: Martin Federal Reserve Board
Building, C Street entrance between
20th and 21st Streets NW, Washington,
DC 20551.
STATUS: Open.
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AGENCY HOLDING THE MEETING:
4 See
88 FR 53484 (Aug. 8, 2023).
VerDate Sep<11>2014
17:48 Oct 18, 2023
Jkt 262001
On the day of the meeting, you will
be able to view the meeting via webcast
from a link available on the Board’s
website. You do not need to register to
view the webcast of the meeting. A link
to the meeting documentation will also
be available approximately 20 minutes
before the start of the meeting. Both
links may be accessed from the Board’s
website at www.federalreserve.gov.
If you plan to attend the open meeting
in person, we ask that you notify us in
advance and provide your name, date of
birth, and social security number (SSN)
or passport number. You may provide
this information by calling 202–452–
2474 or you may register online
www.federalreserve.gov. You may preregister until close of business on
October 24, 2023. You also will be asked
to provide identifying information,
including a photo ID, before being
admitted to the Board meeting. The
Public Affairs Office must approve the
use of cameras; please email media@
frb.gov for further information. If you
need an accommodation for a disability,
please contact Penelope Beattie on 202–
452–3982. For users of telephone
systems via text telephone (TTY) or any
TTY-based Telecommunications Relay
Services (TRS), please call 202–263–
4869 or dial 7–1–1 from any telephone,
anywhere in the United States.
Privacy Act Notice: The information
you provide will be used to assist us in
prescreening you to ensure the security
of the Board’s premises and personnel.
In order to do this, we may disclose
your information consistent with the
routine uses listed in the Privacy Act
Notice for BGFRS–32, including to
appropriate federal, state, local, or
foreign agencies where disclosure is
reasonably necessary to determine
whether you pose a security risk or
where the security or confidentiality of
your information has been
compromised. We are authorized to
collect your information by 12 U.S.C.
243 and 248, and Executive Order 9397.
In accordance with Executive Order
9397, we collect your SSN so that we
can keep accurate records, because other
people may have the same name and
birth date. In addition, we use your SSN
when we make requests for information
about you from law enforcement and
other regulatory agency databases.
Furnishing the information requested is
voluntary; however, your failure to
provide any of the information
requested may result in disapproval of
your request for access to the Board’s
premises. You may be subject to a fine
or imprisonment under 18 U.S.C. 1001
for any false statements you make in
your request to enter the Board’s
premises.
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MATTERS TO BE CONSIDERED:
Discussion Agenda
1. Proposed revisions to the Board’s
debit interchange fee cap.
Notes: 1. For those attending in
person, the staff memo will be available
to attendees on the day of the meeting
in paper. Meeting documentation will
be available on the Board’s website
about 20 minutes before the start of the
meeting.
2. This meeting will be recorded for
the benefit of those unable to attend.
The webcast recording and a transcript
of the meeting will be available after the
meeting on the Board’s website https://
www.federalreserve.gov/aboutthefed/
boardmeetings/.
For questions please contact: Public
Affairs Office at media@frb.gov.
SUPPLEMENTARY INFORMATION: You may
access the Board’s website at
www.federalreserve.gov for an electronic
announcement. (The website also
includes procedural and other
information about the open meeting.)
Dated: October 16, 2023.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2023–23116 Filed 10–18–23; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Food and Drug Administration
[Docket No. FDA–2023–D–4356]
Enforcement Policy for Non-Invasive
Remote Monitoring Devices Used To
Support Patient Monitoring; Guidance
for Industry and Food and Drug
Administration Staff; Availability
AGENCY:
Food and Drug Administration,
HHS.
ACTION:
Notice of availability.
The Food and Drug
Administration (FDA or Agency) is
announcing the availability of a final
guidance entitled ‘‘Enforcement Policy
for Non-Invasive Remote Monitoring
Devices Used to Support Patient
Monitoring.’’ The enforcement policy
described in this guidance applies to
modified devices where the original
device was a legally marketed, noninvasive remote monitoring device
listed in the guidance that measures or
detects common physiological
parameters and that is used to support
patient monitoring. The guidance is
intended to describe the enforcement
policy for limited modifications to the
indications, functionality, or hardware
SUMMARY:
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]]>Agencies
[Federal Register Volume 88, Number 201 (Thursday, October 19, 2023)]
[Notices]
[Pages 72078-72080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23067]
=======================================================================
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FEDERAL HOUSING FINANCE AGENCY
[No. 2023-N-12]
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
November 30, 2023.
DATES: Interested persons may submit comments on or before November 20,
2023.
ADDRESSES: Submit comments to the Office of Information and Regulatory
Affairs of the Office of Management and 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
[[Page 72079]]
Request: `Federal Home Loan Bank Capital Stock, (No. 2023-N-12)' '' 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-12).''
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. 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, 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.\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).
---------------------------------------------------------------------------
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.\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 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.
[[Page 72080]]
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
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 August 8,
2023.\4\ The 60-day comment period closed on October 10, 2023. FHFA
received no substantive comments.
---------------------------------------------------------------------------
\4\ See 88 FR 53484 (Aug. 8, 2023).
---------------------------------------------------------------------------
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. 2023-23067 Filed 10-18-23; 8:45 am]
BILLING CODE 8070-01-P
