[Federal Register Volume 66, Number 192 (Wednesday, October 3, 2001)]
[Notices]
[Page 50435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-24674]
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FEDERAL HOUSING FINANCE BOARD
[No. 2001-N-11]
Submission for OMB Review; Comment Request
AGENCY: Federal Housing Finance Board.
ACTION: Notice.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995, the Federal Housing Finance Board (Finance Board) hereby
gives notice that it has submitted the information collection entitled
``Federal Home Loan Bank Directors'' to the Office of Management and
Budget (OMB) for review and approval of a three-year extension of the
OMB control number, which is due to expire on September 30, 2001.
DATES: Interested persons may submit comments on or before November 2,
2001.
ADDRESSES: Submit comments to the Office of Information and Regulatory
Affairs of OMB, Attention: Desk Officer for the Federal Housing Finance
Board, Washington, DC 20503. Address requests for copies of the
information collection and supporting documentation to Elaine L. Baker,
Secretary to the Board, 202/408-2837, [email protected], Federal Housing
Finance Board, 1777 F Street, NW., Washington, DC 20006.
FOR FURTHER INFORMATION CONTACT: Patricia L. Sweeney, Program Analyst,
Program Assistance Division, Office of Policy, Research and Analysis by
telephone at 202/408-2872, by electronic mail at [email protected], or
by regular mail to the Federal Housing Finance Board, 1777 F Street,
NW., Washington, DC 20006.
SUPPLEMENTARY INFORMATION:
A. Need For and Use of Information Collection
Section 7 of the Federal Home Loan Bank Act (Bank Act) and the
Federal Housing Finance Board (Finance Board) implementing regulation
establish the eligibility requirements and the procedures for electing
and appointing Federal Home Loan Bank (FHLBank) directors. See 12
U.S.C. 1427; 12 CFR part 915. Under part 915, the FHLBanks determine
the eligibility of elective directors and director nominees and run the
director election process. The Finance Board determines the eligibility
of and selects all appointive FHLBank directors. To determine
eligibility, the FHLBanks use the Elective Director Eligibility
Certification Form, and the Finance Board uses the Appointive Director
Eligibility Certification Form.
The Finance Board uses the information collection contained in the
Appointive Director Eligibility Certification Form, and part 915 to
determine whether prospective and incumbent appointive directors
satisfy the statutory and regulatory eligibility and reporting
requirements. Only individuals meeting these requirements may serve as
appointive FHLBank directors. See 12 U.S.C. 1427(a). The FHLBanks, and
where appropriate, the Finance Board, use the information collection in
the Elective Director Eligibility Certification Form, and part 915 to
determine whether elective directors and director nominees satisfy the
statutory and regulatory eligibility and reporting requirements. Only
individuals meeting these requirements may serve as elective FHLBank
directors. See 12 U.S.C. 1427(a).
The likely respondents include FHLBanks, FHLBank members, and
prospective and incumbent FHLbank directors.
The OMB number for the information collection is 3069-0002. The OMB
clearance for the information collection expires on September 30, 2001.
B. Burden Estimate
The Finance Board estimates the total number of respondents to be
4,410. The respondents include the 12 FHLBanks and 4,398 FHLBank
members, and prospective and incumbent appointive and elective
directors. The estimated number of total annual responses is 4,998. The
average number of responses per respondent is 1.13.
The Finance Board estimates that the total annual hour burden for
all respondents is 4,208.55 hours. This includes 2,019.05 hours
attributed to the FHLBanks and 1,399.5 hours attributed to FHLBank
members, and prospective and incumbent appointive and elective
directors. The average number of burden hours per respondent is 0.95
hours.
C. Comment Request
In accordance with the requirements of 5 CFR 1320.8(d), the Finance
Board published a request for public comments regarding this
information collection in the Federal Register on April 2, 2001. See 66
FR 17557 (April 2, 2001). The 60-day comment period closed on June 1,
2001. The Finance Board received no public comments. Written comments
are requested on: (1) Whether the collection of information is
necessary for the proper performance of Finance Board functions,
including whether the information has practical utility; (2) the
accuracy of the Finance Board'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. Comments may be submitted to OMB in writing at
the address listed above.
By the Federal Housing Finance Board.
Dated: September 27, 2001.
James L. Bothwell,
Managing Director.
[FR Doc. 01-24674 Filed 10-2-01; 8:45 am]
BILLING CODE 6725-01-P
