80 FR 69664 - Proposed Collection; Comment Request

FEDERAL HOUSING FINANCE AGENCY

Federal Register Volume 80, Issue 217 (November 10, 2015)

Page Range		69664-69674
FR Document		2015-28483

In accordance with the requirements of the Paperwork Reduction Act of 1995, the Federal Housing Finance Agency (FHFA) is seeking public comments concerning the information collection known as the ``National Survey of Existing Mortgage Borrowers'' (NSEMB). This is a new collection that has not yet been assigned a control number 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 control number.

Federal Register, Volume 80 Issue 217 (Tuesday, November 10, 2015)

[Federal Register Volume 80, Number 217 (Tuesday, November 10, 2015)]
[Notices]
[Pages 69664-69674]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-28483]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2015-N-11]


Proposed Collection; Comment Request

AGENCY: Federal Housing Finance Agency.

ACTION: 60-day Notice of Submission of Information Collection for 
Approval from Office of Management and Budget.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995, the Federal Housing Finance Agency (FHFA) is seeking 
public comments concerning the information collection known as the 
``National Survey of Existing Mortgage Borrowers'' (NSEMB). This is a 
new collection that has not yet been assigned a control number 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 
control number.

[[Page 69665]]


DATES: Interested persons may submit comments on or before January 11, 
2016.

ADDRESSES: Submit comments to FHFA, identified by ``Proposed 
Collection; Comment Request: `National Survey of Existing Mortgage 
Borrowers, (No. 2015-N-11)' '' by any of the following methods:
     Agency Web site: www.fhfa.gov/open-for-comment-or-input.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments. If you submit your 
comment to the Federal eRulemaking Portal, please also send it by email 
to FHFA at [email protected] to ensure timely receipt by the agency.
     Mail/Hand Delivery: Federal Housing Finance Agency, Eighth 
Floor, 400 Seventh Street SW., Washington, DC 20219, ATTENTION: 
Proposed Collection; Comment Request: ``National Survey of Existing 
Mortgage Borrowers, (No. 2015-N-11)''.
    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 Web site at 
http://www.fhfa.gov. In addition, copies of all comments received will 
be available for examination by the public on business days between the 
hours of 10 a.m. and 3 p.m., at the Federal Housing Finance Agency, 
Eighth Floor, 400 Seventh Street SW., Washington, DC 20219. To make an 
appointment to inspect comments, please call the Office of General 
Counsel at (202) 649-3804.

FOR FURTHER INFORMATION CONTACT: Forrest Pafenberg, Supervisory Policy 
Analyst, Office of the Chief Operating Officer, by email at 
[email protected] or by telephone at (202) 649-3129; or Eric 
Raudenbush, Assistant General Counsel, by email at 
[email protected] or by telephone at (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. Need for and Use of the Information Collection

    The NSEMB will be a periodic, voluntary survey of individuals who 
currently have a first mortgage loan secured by single-family 
residential property. The survey questionnaire will consist of 
approximately 80-85 questions designed to learn directly from mortgage 
borrowers about their mortgage experience, any challenges they may have 
had in maintaining their mortgage and, where applicable, terminating a 
mortgage. It will request specific information on: The mortgage; the 
mortgaged property; the borrower's experience with the loan servicer; 
and the borrower's financial resources and financial knowledge. FHFA is 
also seeking clearance to pretest the survey questionnaire and related 
materials from time to time through the use of focus groups. A 
preliminary draft of the survey questionnaire (which at this time 
includes only 66 questions) appears at the end of this notice.
    The NSEMB will be a component of the larger ``National Mortgage 
Database'' (NMDB) Project (Project), which is a multi-year joint effort 
of FHFA and the Consumer Financial Protection Bureau (CFPB) (although 
the NSEMB is being sponsored only by FHFA). The Project is designed to 
satisfy the Congressionally-mandated requirements of section 1324(c) of 
the Federal Housing Enterprises Financial Safety and Soundness Act of 
1992, as amended by the Housing and Economic Recovery Act of 2008.\1\ 
Section 1324(c) requires that FHFA conduct a monthly survey to collect 
data on the characteristics of individual prime and subprime mortgages, 
and on the borrowers and properties associated with those mortgages in 
order to enable it to prepare a detailed annual report on the mortgage 
market activities of the Federal National Mortgage Association (Fannie 
Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) for 
review by the appropriate Congressional oversight committees. Section 
1324(c) also authorizes and requires FHFA to compile a database of 
timely and otherwise unavailable residential mortgage market 
information to be made available to the public.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 4544(c).
---------------------------------------------------------------------------

    In order to fulfill those and other statutory mandates, as well as 
to support policymaking and research efforts, FHFA and CFPB committed 
in July 2012 to fund, build and manage the NMDB Project. When fully 
complete, the NMDB will be a de-identified loan-level database of 
closed-end first-lien residential mortgages. It will: (1) Be 
representative of the market as a whole; (2) contain detailed, loan-
level information on the terms and performance of mortgages, as well as 
characteristics of the associated borrowers and properties; (3) be 
continually updated; (4) have an historical component dating back 
before the financial crisis of 2008; and (5) provide a sampling frame 
for surveys to collect additional information.
    The core data in the NMDB are drawn from a random 1-in-20 sample of 
all closed-end first-lien mortgage files outstanding at any time 
between January 1998 and the present in the files of Experian, one of 
the three national credit repositories. A random 1-in-20 sample of 
mortgages newly reported to Experian is added each quarter. The NMDB 
also draws information on mortgages in the NMDB datasets from other 
existing sources, including the Home Mortgage Disclosure Act (HMDA) 
database that is maintained by the Federal Financial Institutions 
Examination Council (FFIEC), property valuation models, and data files 
maintained by Fannie Mae and Freddie Mac and by federal agencies. 
Currently, FHFA obtains additional data from its quarterly National 
Survey of Mortgage Borrowers (NSMB), which provides critical and timely 
information on newly-originated mortgages and those borrowing that are 
not available from any existing source, including: The range of 
nontraditional and subprime mortgage products being offered, the 
methods by which these mortgages are being marketed, and the 
characteristics of borrowers for these types of loans.\2\
---------------------------------------------------------------------------

    \2\ OMB has cleared the NSMB under the PRA and assigned it 
control no. 2590-0012. The current OMB clearance expires on December 
31, 2016.
---------------------------------------------------------------------------

    While the quarterly NSMB provides information on newly-originated 
mortgages, it does not solicit borrowers' experience with maintaining 
their existing mortgages; nor is detailed information on that topic 
available from any other existing source. The NSEMB will solicit such 
information, including information on borrowers' experience with 
maintaining a mortgage under financial stress, their experience in 
soliciting financial assistance, their success in accessing federally-
sponsored programs designed to assist them, and, where applicable, any 
challenges they may have had in terminating a mortgage loan. The NSEMB 
questionnaire will be sent out to a stratified random sample of 10,000 
borrowers in the NMDB. The NSEMB assumes a 25 percent overall response 
rate, which would yield 2,500 survey responses.
    The information collected through the NSEMB questionnaire will be 
used, in combination with information obtained from existing sources in 
the NMDB, to assist FHFA in understanding how the performance of 
existing mortgages is influencing the residential mortgage market, what 
different borrower groups are discussing with their servicers when they 
are under financial stress, and

[[Page 69666]]

consumers' opinions of federally-sponsored programs designed to assist 
them. This important, but currently unavailable, information will 
assist the agency in the supervision of its regulated entities (Fannie 
Mae, Freddie Mac, and the Federal Home Loan Banks) and in the 
development and implementation of appropriate and effective policies 
and programs. The information may also be used for research and 
analysis by other federal agencies that have regulatory and supervisory 
responsibilities/mandates related to mortgage markets and to provide a 
resource for research and analysis by academics and other interested 
parties outside of the government.
    FHFA expects that, in the process of developing the initial and any 
subsequent NSEMB survey questionnaires and related materials, it will 
sponsor one or more focus groups to pretest those materials. Such 
pretesting will ultimately help to ensure that the survey respondents 
can and will answer the survey questions and will provide useful data 
on their experiences with maintaining their existing mortgages. FHFA 
will use information collected through the focus groups to assist in 
drafting and modifying the survey questions and instructions, as well 
as the related communications, to read in the way that will be most 
readily understood by the survey respondents and that will be most 
likely to elicit usable responses. Such information will also be used 
help the agency decide on how best to organize and format the survey 
questionnaire.

B. Burden Estimate

    While FHFA currently has firm plans to conduct the survey only 
once--in the second quarter of 2016--it may decide to conduct further 
periodic NSEMB surveys once the first survey is completed. The agency 
therefore estimates that the survey will be conducted, on average, once 
annually over the next three years and that it will conduct pre-testing 
on each set of annual survey materials. FHFA has analyzed the hour 
burden on members of the public associated with pre-testing the survey 
materials (24 hours) and with conducting the survey (5,000 hours) and 
estimates the total annual hour burden imposed on the public by this 
information collection to be 5,024 hours. The estimate for each phase 
of the collection was calculated as follows:

Pre-Testing the Materials

    FHFA estimates that it will sponsor two focus groups prior to 
conducting each survey, with 12 participants in each focus group, for a 
total of 24 focus group participants. It estimates the participation 
time for each focus group participant to be one hour, resulting in a 
total annual burden estimate of 24 hours for the pre-testing phase of 
the collection (2 focus groups per year x 12 participants in each group 
x 1 hour per participant = 24 hours).

Conducting the Survey

    FHFA estimates that the NSEMB questionnaire will be sent to 10,000 
recipients each time it is conducted. Although the agency expects only 
2,500 of those surveys to be returned, it assumes that all of the 
surveys will be returned for purposes of this burden calculation. Based 
on the reported experience of respondents to the quarterly NSMB 
questionnaire, which contains a similar number of questions, FHFA 
estimates that it will take each respondent 30 minutes to complete each 
survey, including the gathering of necessary materials to respond to 
the questions. This results in a total annual burden estimate of 5,000 
hours for the survey phase of this collection (1 survey per year x 
10,000 respondents per survey x 30 minutes per respondent = 5,000 
hours).

C. 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 survey respondents, 
including through the use of automated collection techniques or other 
forms of information technology.

    Dated: November 3, 2015.
Kevin Winkler,
Chief Information Officer, Federal Housing Finance Agency.
BILLING CODE 8070-01-P

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[FR Doc. 2015-28483 Filed 11-9-15; 8:45 am]
BILLING CODE 8070-01-C

69664 Federal Register / Vol. 80, No. 217 / Tuesday, November 10, 2015 / Notices

CFR 1.2105(c). Statutory authority for BIA and requiring such covered parties prohibition on forward auction
the revised information collection is to file a report with the Commission applicants by making clear the
contained in sections 154(i), 309(j), and within a specified period of time if they responsibility of parties who receive
1452(a)(3) of the Communications Act, make or receive a prohibited information that potentially violates the
as amended, 47 U.S.C. 4(i), 309(j)(5), communication. Subject to certain rules to promptly report to the
1452(a)(3), and sections 1.2105(c) and exceptions, section 1.2205(b) of the Commission, thereby enhancing the
1.2205 of the Commission’s rules, 47 Commission’s rules provides that, competitiveness and fairness of its
CFR 1.2105(c), 1.2205. beginning on the deadline for spectrum auctions. The revised
Estimated Total Annual Burden: 50 submitting applications to participate in information collection under the BIA-
hours. the reverse auction and until the results specific rule in section 1.2105(c) and in
Total Annual Costs: $9,000. of the incentive auction are announced sections 1.2205(c) and 1.2205(d) will
Nature and Extent of Confidentiality: by public notice, all full power and likewise help the Commission enforce
The Commission will take all reasonable Class A broadcast television licensees the prohibition on covered parties in the
steps to protect the confidentiality of all are prohibited from communicating BIA, further assuring incentive auction
Commission-held data of a reverse directly or indirectly any incentive participants that the auction process
auction applicant consistent with the auction applicant’s bids or bidding will be fair and competitive. The
confidentiality requirements of the strategies to any other full power or prohibited communication reporting
Spectrum Act and the Commission’s Class A broadcast television licensee or requirement required of covered parties
rules. See 47 U.S.C. 1452(a)(3); 47 CFR to any forward auction applicant. will enable the Commission to ensure
1.2206. In addition, to the extent Section 1.2205(c) requires any party that that no bidder gains an unfair advantage
necessary, a full power or Class A makes or receives a prohibited over other bidders in its auctions and
television broadcast licensee may communication to report such thus enhances the competitiveness and
request confidential treatment of any communication in writing to the fairness of Commission’s auctions. The
report of a prohibited communication Commission immediately, and in no information collected will be reviewed
submitted to the Commission that is not case later than five business days after and, if warranted, referred to the
already being treated as confidential Commission’s Enforcement Bureau for
the communication occurs. Section
pursuant to section 0.459 of the
1.2205(d) provides the procedures for possible investigation and
Commission’s rules, 47 CFR 0.459.
filing any reports required under section administrative action. The Commission
Forward auction applicants are entitled
1.2205(c). Subject to certain exceptions, may also refer allegations of
to request confidentiality in accordance
forward auction applicants in the BIA anticompetitive auction conduct to the
with section 0.459 of the Commission’s
are subject to a BIA-specific provision in Department of Justice for investigation.
rules, 47 CFR 0.459.
Privacy Act Impact Assessment: No section 1.2105(c) of the Commission’s Federal Communications Commission.
impact(s). rules (in addition to the Commission’s Gloria J. Miles,
Needs and Uses: On February 22, existing prohibited communications
Federal Register Liaison Officer, Office of the
2012, the President signed the Spectrum rule applicable to applicants in Secretary.
Act, which, among other things, traditional Commission auctions),
[FR Doc. 2015–28572 Filed 11–9–15; 8:45 am]
authorized the Commission to conduct which provides that, beginning on the
BILLING CODE 6712–01–P
incentive auctions, and directed that the deadline for submitting applications to
Commission use this innovative tool for participate in the forward auction and
an incentive auction of broadcast until the results of the incentive auction
television spectrum to help meet the have been announced by public notice,
FEDERAL HOUSING FINANCE
Nation’s growing spectrum needs. See all forward auction applicants are
AGENCY
Middle Class Tax Relief and Job prohibited from communicating directly
Creation Act of 2012, Pub. L. 112–96, or indirectly any incentive auction
applicant’s bids or bidding strategies to [No. 2015–N–11]
sections 6402, 6403, 125 Stat. 156 (2012)
(Spectrum Act), codified at 47 U.S.C. any full power or Class A broadcast
Proposed Collection; Comment
309(j)(8)(G), 1452. The Commission’s television licensee. Section 1.2105(c)
Request
broadcast incentive auction (BIA) will requires forward applicants that make or
have three main components: (1) A receive a prohibited communications AGENCY: Federal Housing Finance
reverse auction in which broadcast that is prohibited under section Agency.
television licensees will submit bids to 1.2105(c) to file a report of such a ACTION: 60-day Notice of Submission of
voluntarily relinquish their spectrum communication with the Commission. Information Collection for Approval
usage rights in exchange for defined The Commission’s rules prohibiting from Office of Management and Budget.
shares of proceeds from the forward certain communications in Commission
auction; (2) a repacking of the broadcast auctions are designed to reinforce SUMMARY: In accordance with the
television bands; and (3) a forward existing antitrust laws, facilitate requirements of the Paperwork
auction of initial licenses for flexible detection of collusive conduct, and Reduction Act of 1995, the Federal
use of the newly available spectrum. deter anticompetitive behavior, without Housing Finance Agency (FHFA) is
The Commission is revising the being so strict as to discourage pro- seeking public comments concerning
currently approved information competitive arrangements between the information collection known as the
asabaliauskas on DSK5VPTVN1PROD with NOTICES

collection to implement new collection auction participants. They also help ‘‘National Survey of Existing Mortgage
requirements resulting from the assure participants that the auction Borrowers’’ (NSEMB). This is a new
Commission’s adoption of new and process will be fair and objective, and collection that has not yet been assigned
modified rules prohibiting certain not subject to collusion. The a control number by the Office of
communications for full power and information collected through the Management and Budget (OMB). FHFA
Class A television broadcast licensees Commission’s existing reporting intends to submit the information
and for applicants seeking to participate requirement under section 1.2105(c) collection to OMB for review and
in the forward auction component of the allows the Commission to enforce the approval of a three-year control number.

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Federal Register / Vol. 80, No. 217 / Tuesday, November 10, 2015 / Notices 69665

DATES: Interested persons may submit mortgage experience, any challenges provide a sampling frame for surveys to
comments on or before January 11, they may have had in maintaining their collect additional information.
2016. mortgage and, where applicable, The core data in the NMDB are drawn
ADDRESSES: Submit comments to FHFA, terminating a mortgage. It will request from a random 1-in-20 sample of all
identified by ‘‘Proposed Collection; specific information on: The mortgage; closed-end first-lien mortgage files
the mortgaged property; the borrower’s outstanding at any time between
Comment Request: ‘National Survey of
experience with the loan servicer; and January 1998 and the present in the files
Existing Mortgage Borrowers, (No.
the borrower’s financial resources and of Experian, one of the three national
2015–N–11)’ ’’ by any of the following
financial knowledge. FHFA is also credit repositories. A random 1-in-20
methods:
• Agency Web site: www.fhfa.gov/ seeking clearance to pretest the survey sample of mortgages newly reported to
open-for-comment-or-input. questionnaire and related materials from Experian is added each quarter. The
• Federal eRulemaking Portal: http:// time to time through the use of focus NMDB also draws information on
www.regulations.gov. Follow the groups. A preliminary draft of the mortgages in the NMDB datasets from
instructions for submitting comments. If survey questionnaire (which at this time other existing sources, including the
you submit your comment to the includes only 66 questions) appears at Home Mortgage Disclosure Act (HMDA)
Federal eRulemaking Portal, please also the end of this notice. database that is maintained by the
send it by email to FHFA at The NSEMB will be a component of Federal Financial Institutions
RegComments@fhfa.gov to ensure the larger ‘‘National Mortgage Database’’ Examination Council (FFIEC), property
timely receipt by the agency. (NMDB) Project (Project), which is a valuation models, and data files
• Mail/Hand Delivery: Federal multi-year joint effort of FHFA and the maintained by Fannie Mae and Freddie
Housing Finance Agency, Eighth Floor, Consumer Financial Protection Bureau Mac and by federal agencies. Currently,
400 Seventh Street SW., Washington, (CFPB) (although the NSEMB is being FHFA obtains additional data from its
DC 20219, ATTENTION: Proposed sponsored only by FHFA). The Project quarterly National Survey of Mortgage
Collection; Comment Request: ‘‘National is designed to satisfy the Borrowers (NSMB), which provides
Survey of Existing Mortgage Borrowers, Congressionally-mandated requirements critical and timely information on
(No. 2015–N–11)’’. of section 1324(c) of the Federal newly-originated mortgages and those
We will post all public comments we Housing Enterprises Financial Safety borrowing that are not available from
receive without change, including any and Soundness Act of 1992, as amended any existing source, including: The
personal information you provide, such by the Housing and Economic Recovery range of nontraditional and subprime
as your name and address, email Act of 2008.1 Section 1324(c) requires mortgage products being offered, the
address, and telephone number, on the that FHFA conduct a monthly survey to methods by which these mortgages are
FHFA Web site at http://www.fhfa.gov. collect data on the characteristics of being marketed, and the characteristics
In addition, copies of all comments individual prime and subprime of borrowers for these types of loans.2
received will be available for mortgages, and on the borrowers and While the quarterly NSMB provides
examination by the public on business properties associated with those information on newly-originated
days between the hours of 10 a.m. and mortgages in order to enable it to mortgages, it does not solicit borrowers’
3 p.m., at the Federal Housing Finance prepare a detailed annual report on the experience with maintaining their
Agency, Eighth Floor, 400 Seventh mortgage market activities of the Federal existing mortgages; nor is detailed
Street SW., Washington, DC 20219. To National Mortgage Association (Fannie information on that topic available from
make an appointment to inspect Mae) and the Federal Home Loan any other existing source. The NSEMB
comments, please call the Office of Mortgage Corporation (Freddie Mac) for will solicit such information, including
General Counsel at (202) 649–3804. review by the appropriate Congressional information on borrowers’ experience
oversight committees. Section 1324(c) with maintaining a mortgage under
FOR FURTHER INFORMATION CONTACT:
also authorizes and requires FHFA to financial stress, their experience in
Forrest Pafenberg, Supervisory Policy
compile a database of timely and soliciting financial assistance, their
Analyst, Office of the Chief Operating
otherwise unavailable residential success in accessing federally-sponsored
Officer, by email at
mortgage market information to be made programs designed to assist them, and,
Forrest.Pafenberg@fhfa.gov or by
available to the public. where applicable, any challenges they
telephone at (202) 649–3129; or Eric
In order to fulfill those and other may have had in terminating a mortgage
Raudenbush, Assistant General Counsel,
statutory mandates, as well as to loan. The NSEMB questionnaire will be
by email at Eric.Raudenbush@fhfa.gov
support policymaking and research sent out to a stratified random sample
or by telephone at (202) 649–3084,
efforts, FHFA and CFPB committed in of 10,000 borrowers in the NMDB. The
(these are not toll-free numbers), Federal
July 2012 to fund, build and manage the NSEMB assumes a 25 percent overall
Housing Finance Agency, 400 Seventh
NMDB Project. When fully complete, response rate, which would yield 2,500
Street SW., Washington, DC 20219. The
the NMDB will be a de-identified loan- survey responses.
Telecommunications Device for the Deaf The information collected through the
is (800) 877–8339. level database of closed-end first-lien
NSEMB questionnaire will be used, in
SUPPLEMENTARY INFORMATION: residential mortgages. It will: (1) Be
combination with information obtained
representative of the market as a whole;
A. Need for and Use of the Information from existing sources in the NMDB, to
(2) contain detailed, loan-level
Collection assist FHFA in understanding how the
information on the terms and
asabaliauskas on DSK5VPTVN1PROD with NOTICES

performance of existing mortgages is
The NSEMB will be a periodic, performance of mortgages, as well as
influencing the residential mortgage
voluntary survey of individuals who characteristics of the associated
market, what different borrower groups
currently have a first mortgage loan borrowers and properties; (3) be
are discussing with their servicers when
secured by single-family residential continually updated; (4) have an
they are under financial stress, and
property. The survey questionnaire will historical component dating back before
consist of approximately 80–85 the financial crisis of 2008; and (5) 2 OMB has cleared the NSMB under the PRA and
questions designed to learn directly assigned it control no. 2590–0012. The current
from mortgage borrowers about their 1 12 U.S.C. 4544(c). OMB clearance expires on December 31, 2016.

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$69666 Federal Register / Vol. 80, No. 217 / Tuesday, November 10, 2015 / Notices consumers’ opinions of federally- organize and format the survey recipients each time it is conducted. sponsored programs designed to assist questionnaire. Although the agency expects only 2,500 them. This important, but currently of those surveys to be returned, it B. Burden Estimate unavailable, information will assist the assumes that all of the surveys will be agency in the supervision of its While FHFA currently has firm plans returned for purposes of this burden regulated entities (Fannie Mae, Freddie to conduct the survey only once—in the calculation. Based on the reported Mac, and the Federal Home Loan Banks) second quarter of 2016—it may decide experience of respondents to the and in the development and to conduct further periodic NSEMB quarterly NSMB questionnaire, which implementation of appropriate and surveys once the first survey is contains a similar number of questions, effective policies and programs. The completed. The agency therefore FHFA estimates that it will take each information may also be used for estimates that the survey will be respondent 30 minutes to complete each research and analysis by other federal conducted, on average, once annually survey, including the gathering of agencies that have regulatory and over the next three years and that it will necessary materials to respond to the supervisory responsibilities/mandates conduct pre-testing on each set of questions. This results in a total annual related to mortgage markets and to annual survey materials. FHFA has burden estimate of 5,000 hours for the provide a resource for research and analyzed the hour burden on members survey phase of this collection (1 survey analysis by academics and other of the public associated with pre-testing per year × 10,000 respondents per interested parties outside of the the survey materials (24 hours) and with survey × 30 minutes per respondent = government. conducting the survey (5,000 hours) and 5,000 hours). estimates the total annual hour burden FHFA expects that, in the process of imposed on the public by this C. Comment Request developing the initial and any information collection to be 5,024 FHFA requests written comments on subsequent NSEMB survey hours. The estimate for each phase of the following: (1) Whether the collection questionnaires and related materials, it the collection was calculated as follows: of information is necessary for the will sponsor one or more focus groups Pre-Testing the Materials proper performance of FHFA functions, to pretest those materials. Such including whether the information has pretesting will ultimately help to ensure FHFA estimates that it will sponsor practical utility; (2) The accuracy of that the survey respondents can and two focus groups prior to conducting FHFA’s estimates of the burdens of the will answer the survey questions and each survey, with 12 participants in collection of information; (3) Ways to will provide useful data on their each focus group, for a total of 24 focus enhance the quality, utility, and clarity experiences with maintaining their group participants. It estimates the of the information collected; and (4) existing mortgages. FHFA will use participation time for each focus group Ways to minimize the burden of the information collected through the focus participant to be one hour, resulting in collection of information on survey groups to assist in drafting and a total annual burden estimate of 24 respondents, including through the use modifying the survey questions and hours for the pre-testing phase of the of automated collection techniques or instructions, as well as the related collection (2 focus groups per year × 12 other forms of information technology. communications, to read in the way that participants in each group × 1 hour per will be most readily understood by the participant = 24 hours). Dated: November 3, 2015. survey respondents and that will be Kevin Winkler, most likely to elicit usable responses. Conducting the Survey Chief Information Officer, Federal Housing Such information will also be used help FHFA estimates that the NSEMB Finance Agency. the agency decide on how best to questionnaire will be sent to 10,000 BILLING CODE 8070–01–P asabaliauskas on DSK5VPTVN1PROD with NOTICES VerDate Sep<11>2014 19:41 Nov 09, 2015 Jkt 238001 PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 E:\FR\FM\10NON1.SGM 10NON1$

69674 Federal Register / Vol. 80, No. 217 / Tuesday, November 10, 2015 / Notices

[FR Doc. 2015–28483 Filed 11–9–15; 8:45 am] banks and nonbanking companies The notices are available for
BILLING CODE 8070–01–C owned by the bank holding company, immediate inspection at the Federal
including the companies listed below. Reserve Bank indicated. The notices
The applications listed below, as well also will be available for inspection at
FEDERAL RESERVE SYSTEM as other related filings required by the the offices of the Board of Governors.
Board, are available for immediate Interested persons may express their
Change in Bank Control Notices; inspection at the Federal Reserve Bank views in writing to the Reserve Bank
Acquisitions of Shares of a Bank or indicated. The applications will also be indicated for that notice or to the offices
Bank Holding Company available for inspection at the offices of of the Board of Governors. Comments
the Board of Governors. Interested must be received not later than
The notificants listed below have November 24, 2015.
persons may express their views in
applied under the Change in Bank A. Federal Reserve Bank of
writing on the standards enumerated in
Control Act (12 U.S.C. 1817(j)) and Minneapolis (Jacquelyn K. Brunmeier,
the BHC Act (12 U.S.C. 1842(c)). If the
§ 225.41 of the Board’s Regulation Y (12 Assistant Vice President) 90 Hennepin
proposal also involves the acquisition of
CFR 225.41) to acquire shares of a bank Avenue, Minneapolis, Minnesota
a nonbanking company, the review also
or bank holding company. The factors 55480–0291:
includes whether the acquisition of the
that are considered in acting on the 1. Colter Cumin, Deer Lodge,
nonbanking company complies with the
notices are set forth in paragraph 7 of Montana; to acquire voting shares of
standards in section 4 of the BHC Act
the Act (12 U.S.C. 1817(j)(7)). First Security Group, and thereby
The notices are available for (12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be indirectly acquire voting shares of First
immediate inspection at the Federal Security Bank of Deer Lodge, both in
Reserve Bank indicated. The notices conducted throughout the United States.
Unless otherwise noted, comments Deer Lodge, Montana.
also will be available for inspection at B. Federal Reserve Bank of San
the offices of the Board of Governors. regarding each of these applications
must be received at the Reserve Bank Francisco (Gerald C. Tsai, Director,
Interested persons may express their Applications and Enforcement) 101
views in writing to the Reserve Bank indicated or the offices of the Board of
Governors not later than December 4, Market Street, San Francisco, California
indicated for that notice or to the offices 94105–1579:
of the Board of Governors. Comments 2015.
1. Castle Creek Capital Partners V, LP,
must be received not later than A. Federal Reserve Bank of Kansas
and persons or entities that are acting
November 27, 2015. City (Dennis Denney, Assistant Vice
with or control Castle Creek Capital
A. Federal Reserve Bank of President) 1 Memorial Drive, Kansas
Partners V, LP, including Castle Creek
Minneapolis (Jacquelyn K. Brunmeier, City, Missouri 64198–0001:
Capital V LLC, Castle Creek Advisors IV
Assistant Vice President) 90 Hennepin 1. Haviland Bancshares, Inc. LLC, JME Advisory Corp., Legions IV
Avenue, Minneapolis, Minnesota Employee Stock Ownership Plan, Corp., Mikesell Advisory Corp., Pietrzak
55480–0291: Greensburg, Kansas; to become a bank Advisory Corp., Scavuzzo Advisory
1. Robert J. Foley, Roseau, Minnesota; holding company by acquiring an Corp., Volk Advisory Corp., Rana
Catherine Ann Swenson, San Luis additional 4.4 percent, for a total of up Advisory Corp., Szumski Advisory
Obispo, California; Elizabeth Foley, to 28 percent, of the voting shares of Corp., John M. Eggemeyer, III, Mark G.
Burlingame, California; Colleen Foley- Haviland Bancshares, Inc., and thereby Merlo, J. Mikesell Thomas, John T.
Sacks, Portland, Oregon; and Scott M. acquire The Haviland State Bank, both Pietrzak, Anthony R. Scavuzzo, David J.
Foley, West St. Paul, Minnesota; each to in Haviland, Kansas. Volk, Sundeep Rana, and Martin
retain voting shares of Roseau Realty In connection with this application, Szumski, all of Rancho Santa Fe,
Co., Inc., and thereby indirectly retain applicant also has applied to engage California, and Mayo Clinic and Mayo
voting shares of Citizens State Bank of indirectly in general insurance Clinic Master Retirement Trust, of
Roseau, both in Roseau, Minnesota. activities, pursuant to section Rochester, Minnesota; to acquire voting
Board of Governors of the Federal Reserve
225.28(b)(11)(iii)(A). shares of Guaranty Federal Bancshares,
System, November 5, 2015. Board of Governors of the Federal Reserve Inc., and thereby indirectly acquire
Michael J. Lewandowski, System, November 4, 2015. voting shares of Guaranty Bank, both in
Associate Secretary of the Board. Michael J. Lewandowski, Springfield, Missouri.
[FR Doc. 2015–28545 Filed 11–9–15; 8:45 am] Associate Secretary of the Board. Board of Governors of the Federal Reserve
BILLING CODE 6210–01–P [FR Doc. 2015–28469 Filed 11–9–15; 8:45 am] System, November 4, 2015.
BILLING CODE 6210–01–P Michael J. Lewandowski,
Associate Secretary of the Board.
FEDERAL RESERVE SYSTEM [FR Doc. 2015–28468 Filed 11–9–15; 8:45 am]
FEDERAL RESERVE SYSTEM BILLING CODE 6210–01–P
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies Change in Bank Control Notices;
Acquisitions of Shares of a Bank or FEDERAL RESERVE SYSTEM
The companies listed in this notice Bank Holding Company
have applied to the Board for approval,
pursuant to the Bank Holding Company The notificants listed below have Formations of, Acquisitions by, and
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Act of 1956 (12 U.S.C. 1841 et seq.) applied under the Change in Bank Mergers of Bank Holding Companies;
(BHC Act), Regulation Y (12 CFR part Control Act (12 U.S.C. 1817(j)) and Correction
225), and all other applicable statutes § 225.41 of the Board’s Regulation Y (12 This notice corrects a notice (FR Doc.
and regulations to become a bank CFR 225.41) to acquire shares of a bank 2015–27768) published on page 67405
holding company and/or to acquire the or bank holding company. The factors of the issue for Monday, November 2,
assets or the ownership of, control of, or that are considered in acting on the 2015.
the power to vote shares of a bank or notices are set forth in paragraph 7 of Under the Federal Reserve Bank of
bank holding company and all of the the Act (12 U.S.C. 1817(j)(7)). Boston heading, the entry for ESB

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Document Created: 2018-03-01 11:24:45
Document Modified: 2018-03-01 11:24:45

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		60-day Notice of Submission of Information Collection for Approval from Office of Management and Budget.
Dates		Interested persons may submit comments on or before January 11, 2016.
Contact		Forrest Pafenberg, Supervisory Policy Analyst, Office of the Chief Operating Officer, by email at [email protected] or by telephone at (202) 649-3129; or Eric Raudenbush, Assistant General Counsel, by email at [email protected] or by telephone at (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.
FR Citation		80 FR 69664