81 FR 69820 - Proposed Collection; Comment Request
FEDERAL HOUSING FINANCE AGENCY Federal Register Volume 81, Issue 195 (October 7, 2016)
Federal Register Volume 81, Issue 195 (October 7, 2016)
| Page Range | 69820-69822 | |
| FR Document | 2016-24345 |
[Federal Register Volume 81, Number 195 (Friday, October 7, 2016)] [Notices] [Pages 69820-69822] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-24345] ----------------------------------------------------------------------- FEDERAL HOUSING FINANCE AGENCY [No. 2016-N-10] 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. ----------------------------------------------------------------------- SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995, the Federal Housing Finance Agency (FHFA or the Agency) is seeking public comments concerning the currently-approved information collection known as ``Members of the Banks,'' which has been assigned control number 2590-0003 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 December 31, 2016. DATES: Interested persons may submit comments on or before December 6, 2016. ADDRESSES: Submit comments to FHFA, identified by ``Proposed Collection; Comment Request: `Members of the Banks, (No. 2016-N-10)' '' 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: ``Members of the Banks, (No. 2016-N-10)''. We will post all public comments we receive without change, including any personal information you provide, such as your name and address, email address, and telephone number, on the FHFA 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. [[Page 69821]] FOR FURTHER INFORMATION CONTACT: Jonathan F. Curtis, Financial Analyst, Division of Federal Home Loan Bank Regulation, by email at [email protected] or by telephone at (202) 649-3321; or Eric Raudenbush, Associate 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 Hearing Impaired is (800) 877-8339. SUPPLEMENTARY INFORMATION: A. Need for and Use of the Information Collection 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. The Banks carry out their public policy functions primarily by providing low cost loans, known as advances, to their members. With limited exceptions, an institution may obtain advances and access other products and services provided by a Bank only if it is member of that Bank. The Bank Act limits membership in any Bank to specific types of financial institutions located within the Bank's district that meet specific eligibility requirements. Section 4 of the Bank Act specifies the types of institutions that may be eligible for membership and establishes eligibility requirements that each type of applicant must meet in order to become a Bank member.\1\ That provision also specifies that (with limited exceptions) an eligible institution may become a member only of the Bank of the district in which the institution's ``principal place of business'' is located.\2\ With respect to the termination of Bank membership, section 6(d) of the Bank Act sets forth requirements pursuant to which an institution may voluntarily withdraw from membership or a Bank may terminate an institution's membership for cause.\3\ --------------------------------------------------------------------------- \1\ 12 U.S.C. 1424(a). \2\ 12 U.S.C. 1424(b). \3\ 12 U.S.C. 1426(d). --------------------------------------------------------------------------- FHFA's regulation entitled ``Members of the Banks,'' located at 12 CFR part 1263, implements those statutory provisions and otherwise establishes substantive and procedural requirements relating to the initiation and termination of Bank membership. Many of the provisions in the membership regulation require that an institution submit information to a Bank or to FHFA, in most cases to demonstrate compliance with statutory or regulatory requirements or to request action by the Bank or Agency. In total, there are four types of information collections that may occur under part 1263. First, the regulation provides that (with limited exceptions) no institution may become a member of a Bank unless it has submitted to that Bank an application that documents the applicant's compliance with the statutory and regulatory membership eligibility requirements and that otherwise includes all required information and materials.\4\ Second, the regulation provides applicants that have been denied membership by a Bank the option of appealing the decision to FHFA. To file such an appeal, an applicant must submit to FHFA a copy of the Bank's decision resolution denying its membership application and a statement of the basis for the appeal containing sufficient facts, information, and analysis to support the applicant's position.\5\ Third, the regulation provides that, in order to initiate a voluntary withdrawal from Bank membership, a member submit to its Bank a written notice of intent to withdraw.\6\ Fourth, under certain circumstances, the regulation permits a member of one Bank to transfer its membership to a second Bank ``automatically'' without either initiating a voluntary withdrawal from the first Bank or submitting a membership application to the second Bank. Despite the regulatory reference to such a transfer as being ``automatic,'' a member meeting the criteria for an automatic transfer must initiate the transfer process by filing a request with its current Bank, which will then arrange the details of the transfer with the second Bank.\7\ --------------------------------------------------------------------------- \4\ 12 CFR 1263.2(a), 1263.6-1263.9, 1263.11-1263.18. \5\ 12 CFR 1263.5. \6\ 12 CFR 1263.26. \7\ 12 CFR 1263.4(b), 1263.18(d), (e). --------------------------------------------------------------------------- The Banks use most of the information collected under part 1263 to determine whether an applicant satisfies the statutory and regulatory requirements for Bank membership and should be approved as a Bank member. The Banks may use some of the information collected under part 1263 as a means of learning that a member wishes to withdraw or to transfer its membership to a different Bank so that the Bank can begin to process those requests. In rare cases, FHFA may use the collected information to determine whether an institution that has been denied membership by a Bank should be permitted to become a member of that Bank. The OMB control number for this information collection is 2590- 0003, which is due to expire on December 31, 2016. The likely respondents are financial institutions that are, or are applying to become, Bank members. B. Burden Estimate FHFA has analyzed the time burden imposed on respondents by the four collections under this control number and estimates that the average annual burden imposed on all respondents by those collections over the next three years will be 2,193 hours. This estimate is derived from the following calculations: I. Membership Applications FHFA estimates that the average number of applications for Bank membership submitted annually will be 151 and that the average time to prepare and submit an application and supporting materials will be 11.7 hours. Accordingly, the estimate for the annual hour burden associated with preparation and submission of applications for Bank membership is (151 applications x 11.7 hours per application) = 1,767 hours. II. Appeals of Membership Denial FHFA estimates that the average number of applicants that have been denied membership by a Bank that will appeal such a denial to FHFA will be 1 and that the average time to prepare and submit an application for appeal will be 10 hours. Accordingly, the estimate for the annual hour burden associated with the preparation and submission of membership appeals is (1 appellants x 10 hours per application) = 10 hours. III. Notices of Intent To Withdraw From Membership FHFA estimates that the average number of Bank members submitting a notice of intent to withdraw from membership annually will be 276 and that the average time to prepare and submit a notice will be 1.5 hours. Accordingly, the estimate for the annual hour burden associated with [[Page 69822]] preparation and submission of notices of intent to withdraw is (276 withdrawing members x 1.5 hours per application) = 414 hours. IV. Requests for Automatic Transfer of Membership FHFA estimates that the average number of Bank members submitting a request for automatic transfer to another Bank will be 1 and that the average time to prepare and submit a request will be 1.5 hours. Accordingly, the estimate for the annual hour burden associated with preparation and submission of requests for automatic transfer is (1 transferring member x 1.5 hours per request) = 1.5 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: September 30, 2016. Kevin Winkler, Chief Information Officer, Federal Housing Finance Agency. [FR Doc. 2016-24345 Filed 10-6-16; 8:45 am] BILLING CODE 8070-01-P
![69820 Federal Register / Vol. 81, No. 195 / Friday, October 7, 2016 / Notices
Both the Bank Act and FHFA’s I. Membership Stock Purchase FEDERAL HOUSING FINANCE
regulations state that a Bank’s capital Requirement Submissions AGENCY
plan must require its members to
FHFA estimates that the average [No. 2016–N–10]
maintain a minimum investment in the
Bank’s capital stock, but both permit annual number of current and former
Proposed Collection; Comment
each Bank to determine for itself what members and applicants for
Request
that minimum investment is and how membership required to report
each member’s required minimum information needed to calculate a AGENCY: Federal Housing Finance
investment is to be calculated.3 membership stock purchase Agency.
Although each Bank’s capital plan requirement will be 7,320, and that each ACTION: 60-Day notice of submission of
establishes a slightly different method institution will submit 4 quarterly information collection for approval from
for calculating the required minimum reports per year, resulting in an Office of Management and Budget.
stock investment for its members, each estimated total of 29,280 submissions
Bank’s method is tied to some degree to SUMMARY: In accordance with the
annually. The estimate for the average requirements of the Paperwork
both the level of assets held by the time required to prepare, review, and
member institution (typically referred to Reduction Act of 1995, the Federal
submit each report is 0.71 hours. Housing Finance Agency (FHFA or the
as a ‘‘membership stock purchase Accordingly, the estimate for the annual
requirement’’) and the amount of Agency) is seeking public comments
hour burden associated with concerning the currently-approved
advances or other business engaged in
between the member and the Bank membership stock purchase information collection known as
(typically referred to as an ‘‘activity- requirement submissions is (29,280 ‘‘Members of the Banks,’’ which has
based stock purchase requirement’’). reports × 0.71 hours per report) = 20,789 been assigned control number 2590–
A Bank must collect information from hours. 0003 by the Office of Management and
its members to determine the minimum Budget (OMB). FHFA intends to submit
II. Activity-Based Stock Purchase the information collection to OMB for
capital stock investment each member is Requirement Submissions
required to maintain at any point in review and approval of a three-year
time. Although the information needed FHFA estimates that the average extension of the control number, which
to calculate a member’s required is due to expire on December 31, 2016.
number of daily transactions between
minimum investment and the precise DATES: Interested persons may submit
Banks and members that will require the
method through which it is collected exchange of information to confirm the comments on or before December 6,
differ somewhat from Bank to Bank, the 2016.
member’s activity-based stock purchase
Banks typically collect two types of requirement will be 312, and that there ADDRESSES: Submit comments to FHFA,
information. First, in order to calculate will be an average of 261 working days identified by ‘‘Proposed Collection;
and monitor compliance with its per year, resulting in an estimated Comment Request: ‘Members of the
membership stock purchase 81,432 submissions annually. The Banks, (No. 2016–N–10)’ ’’ by any of the
requirement, a Bank typically requires following methods:
estimate for the average preparation
each member to provide and/or confirm • Agency Web site: www.fhfa.gov/
time per submission is 0.16 hours.
a quarterly report on the amount and open-for-comment-or-input.
Accordingly, the estimate for the annual • Federal eRulemaking Portal: http://
types of assets held by that institution.
Second, each time a Bank engages in a hour burden associated with activity- www.regulations.gov. Follow the
business transaction with a member, the based stock purchase requirement instructions for submitting comments. If
Bank typically confirms with the submissions is (81,432 submissions × you submit your comment to the
member the amount of additional Bank 0.16 hours per submission) = 13,029 Federal eRulemaking Portal, please also
capital stock, if any, the member must hours. send it by email to FHFA at
acquire in order to satisfy the Bank’s RegComments@fhfa.gov to ensure
C. Comment Request
activity-based stock purchase timely receipt by the agency.
requirement and the method through FHFA requests written comments on • Mail/Hand Delivery: Federal
which the member will acquire that the following: (1) Whether the collection Housing Finance Agency, Eighth Floor,
stock. of information is necessary for the 400 Seventh Street SW., Washington,
The OMB number for the information DC 20219, ATTENTION: Proposed
proper performance of FHFA functions,
collection is 2590–0002, which is due to Collection; Comment Request:
including whether the information has
expire on December 31, 2016. The likely ‘‘Members of the Banks, (No. 2016–N–
practical utility; (2) The accuracy of 10)’’.
respondents include current and former FHFA’s estimates of the burdens of the
Bank members and institutions applying We will post all public comments we
collection of information; (3) Ways to receive without change, including any
for Bank membership. enhance the quality, utility, and clarity personal information you provide, such
B. Burden Estimate of the information collected; and (4) as your name and address, email
FHFA has analyzed the time burden Ways to minimize the burden of the address, and telephone number, on the
imposed on respondents by the two collection of information on survey FHFA Web site at http://www.fhfa.gov.
collections under this control number respondents, including through the use In addition, copies of all comments
and estimates that the average total of automated collection techniques or received will be available for
other forms of information technology. examination by the public on business
mstockstill on DSK3G9T082PROD with NOTICES
annual hour burden imposed on all
respondents over the next three years Dated: September 30, 2016.
days between the hours of 10 a.m. and
will be 33,818 hours. The estimate for 3 p.m., at the Federal Housing Finance
Kevin Winkler, Agency, Eighth Floor, 400 Seventh
each collection was calculated as
Chief Information Officer, Federal Housing Street SW., Washington, DC 20219. To
follows:
Finance Agency. make an appointment to inspect
3 12 U.S.C. 1426(c)(1); 12 CFR 1277.22, [FR Doc. 2016–24353 Filed 10–6–16; 8:45 am] comments, please call the Office of
1277.28(a). BILLING CODE 8070–01–P General Counsel at (202) 649–3804.
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![69822 Federal Register / Vol. 81, No. 195 / Friday, October 7, 2016 / Notices
preparation and submission of notices recommend whether the NSA boundary- should bring their driver’s license or a
of intent to withdraw is (276 setting process should be replaced, government-issued photo identification
withdrawing members × 1.5 hours per changed, or maintained as is. Interested card. Seating will be capped at 275
application) = 414 hours. parties are invited to attend and provide people on a first-come, first-served
comments. basis.
IV. Requests for Automatic Transfer of Procedures for Providing Comments:
DATES: The meeting will be held on
Membership Written comments will be accepted
Thursday, October 27, 2016, beginning
FHFA estimates that the average at 10:00 a.m. Eastern Standard Time, until November 4, 2016, for
number of Bank members submitting a ending no later than 3:00 p.m. Eastern consideration. Please email comments
request for automatic transfer to another Standard Time. to travelpolicy@gsa.gov with
Bank will be 1 and that the average time ADDRESSES: The meeting will be held in
attachments being no more than three
to prepare and submit a request will be the GSA Auditorium, located at the GSA pages. Any registrant who wishes to
1.5 hours. Accordingly, the estimate for Central Office, 1800 F Street NW., comment orally at the meeting will be
the annual hour burden associated with Washington, DC, 20405. limited to 10 minutes. All comments
preparation and submission of requests from the public, including attachments
FOR FURTHER INFORMATION CONTACT: Mr.
for automatic transfer is (1 transferring and other supporting materials received,
Cy Greenidge, Office of Government-
member × 1.5 hours per request) = 1.5 are subject to public disclosure.
wide Policy, Office of Asset and
hours. Dated: October 3, 2016.
Transportation Management, at 202–
C. Comment Request 219–2349, or by email at travelpolicy@ Troy Cribb,
gsa.gov. Associate Administrator, Office of
FHFA requests written comments on Government-wide Policy.
the following: (1) Whether the collection SUPPLEMENTARY INFORMATION: Pursuant
to 5 U.S.C. 5702, the Administrator of [FR Doc. 2016–24263 Filed 10–6–16; 8:45 am]
of information is necessary for the
proper performance of FHFA functions, General Services (GSA) sets the BILLING CODE 6820–14–P
including whether the information has maximum lodging allowance and M&IE
practical utility; (2) The accuracy of reimbursement rates for CONUS
FHFA’s estimates of the burdens of the locations. Each year, GSA sets a DEPARTMENT OF HEALTH AND
collection of information; (3) Ways to standard maximum lodging allowance HUMAN SERVICES
enhance the quality, utility, and clarity and M&IE reimbursement rates to cover
the majority of CONUS. GSA also sets Centers for Disease Control and
of the information collected; and (4) Prevention
Ways to minimize the burden of the individual rates for each established
collection of information on survey NSA. The current methodology for
National Health and Nutrition
respondents, including through the use setting rates was established by an
Examination Survey (NHANES) DNA
of automated collection techniques or independent Federal Advisory
Specimens: Guidelines for Proposals
other forms of information technology. Committee in 2006. Another Federal
To Use Specimens and Cost Schedule
Advisory Committee, chartered in 2013,
Dated: September 30, 2016. validated the existing methodology. The AGENCY: Centers for Disease Control and
Kevin Winkler, latter Committee had a full briefing and Prevention (CDC), Department of Health
Chief Information Officer, Federal Housing discussed the overall per diem and Human Services (HHS).
Finance Agency. methodology, but did not specifically ACTION: Notice.
[FR Doc. 2016–24345 Filed 10–6–16; 8:45 am] evaluate setting NSA boundaries.
BILLING CODE 8070–01–P Under the current methodology, NSA SUMMARY: The Centers for Disease
boundaries are set as a single county Control and Prevention (CDC), located
unless an exception is made. As of within the Department of Health and
GENERAL SERVICES FY2017, 68 of the 346 CONUS NSAs, or Human Services (HHS) announces
ADMINISTRATION approximately 20 percent, have an reopening of the National Center for
exception for one of three reasons: (1) Health Statistics’ (NCHS) National
[Notice-MA–2016–07; Docket No. 2016– Health and Nutrition Examination
Historically the boundary was set that
0002; Sequence No. 7] Survey (NHANES) DNA Specimen
way, (2) an agency requested that a one-
county boundary be adjusted to meet Repository for research proposals. Blood
Interagency Per Diem Working Group
official needs, or (3) the survey samples for DNA purification were
Meeting Concerning Boundaries To
methodology required inclusion of collected from study participants during
Set Continental United States Lodging
multiple counties to have sufficient data NHANES III, NHANES 1999–2000,
and Meals and Incidental Per Diem
to establish a rate. NHANES 2001–02, NHANES 2007–08,
Reimbursement Rates
Authority: 5 U.S.C. 5707. and NHANES 2009–10 (Office of
AGENCY: Office of Government-wide Meeting Access: The meeting is open Management and Budget Control
Policy (OGP), General Services to the public. Those wishing to attend Numbers 0920–0237/0920–0950).
Administration (GSA). must do so in person. Teleconferencing Samples from these DNA Specimens are
ACTION: Notice of meeting. will not be available. being made available to the research
Registration: Interested parties must community for genetic testing. The
SUMMARY: The Interagency Per Diem register by October 21, 2016 via email at information gained from research using
Working Group (IPDWG) is meeting to travelpolicy@gsa.gov. Please provide these samples can be combined with the
mstockstill on DSK3G9T082PROD with NOTICES
discuss studying the process of setting your full name to expedite entrance into extensive amount of information
continental United States (CONUS) the building. To gain entry into the available in NHANES which describes
Non-Standard Area (NSA) boundaries Federal building where the meeting is the prevalence/trends of disease,
for lodging maximum reimbursement being held, public attendees who are nutrition, risk behaviors, and
rates and meals and incidental expense Federal employees should bring their environmental exposures in the US
(M&IE) per diem reimbursement rates. Federal employee identification cards, population. A more complete
The purpose of the study would be to and members of the general public description of this program follows.
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Document Created: 2018-02-13 16:32:10
Document Modified: 2018-02-13 16:32:10
| 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 December 6, 2016. | |
| Contact | Jonathan F. Curtis, Financial Analyst, Division of Federal Home Loan Bank Regulation, by email at [email protected] or by telephone at (202) 649-3321; or Eric Raudenbush, Associate 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 Hearing Impaired is (800) 877-8339. | |
| FR Citation | 81 FR 69820 |
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