[Federal Register Volume 62, Number 215 (Thursday, November 6, 1997)]
[Notices]
[Page 60093]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29368]
[[Page 60093]]
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FEDERAL HOUSING FINANCE BOARD
[No. 97-N-8]
Proposed Collection; 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 is seeking public comments concerning a three-year
extension by the Office of Management and Budget (OMB) of the
previously approved information collection entitled ``Personal
Certification and Disclosure Forms.''
DATES: Interested persons may submit comments on or before January 5,
1998.
ADDRESSES: Address written comments and requests for copies of the
information collection to Elaine L. Baker, Secretary to the Board, 202/
408-2837, Federal Housing Finance Board, 1777 F Street, N.W.,
Washington, D.C. 20006.
FOR FURTHER INFORMATION CONTACT: Patricia L. Sweeney, Program Analyst,
Compliance Assistance Division, Office of Policy, 202/408-2872, or
Janice A. Kaye, Attorney-Advisor, Office of General Counsel, 202/408-
2505, Federal Housing Finance Board, 1777 F Street, N.W., Washington,
D.C. 20006.
SUPPLEMENTARY INFORMATION:
A. Need For and Use of Information Collection
Section 7 of the Federal Home Loan Bank Act (Bank Act) and parts
931 and 932 of the Finance Board's regulations establish eligibility
and reporting requirements and the procedures for electing and
appointing Federal Home Loan Bank (FHLBank) directors. See 12 U.S.C.
1427; 12 CFR parts 931 and 932. The information collection contained in
the FHLBank director personal certification and disclosure forms and
Secs. 932.18 and 932.21 of the Finance Board's regulations is necessary
to enable the Finance Board to determine whether prospective and
incumbent FHLBank directors satisfy the statutory and regulatory
eligibility and reporting requirements. See Finance Board Forms E-1, E-
2, A-1, and A-2; 12 CFR 932.18 (appointive directors) and 932.21
(elective directors). Finance Board staff uses the information
collection to determine whether such individuals meet the statutory and
regulatory eligibility and reporting requirements.
The likely respondents include only prospective and incumbent
FHLBank directors. Currently, there are 109 elective directors and 72
appointive directors serving on the boards of directors of the
FHLBanks. The information collection requires each respondent to
complete and submit to the Finance Board for review a personal
certification and disclosure form prior to election or appointment and,
once elected or appointed, annually during the term of service. See 12
CFR 932.18(f)(1), (3) and 932.21(g)(1), (3). Incumbent directors also
have a continuing obligation promptly to notify the Finance Board of
any known or suspected ineligibility. Id. Secs. 932.18(f)(2) and
932.21(g)(2).
The OMB number for the information collection is 3069-0002. The OMB
clearance for the information collection expires on January 31, 1997.
B. Burden Estimate
The Finance Board estimates the total annual average number of
respondents at 286, with one response per respondent. The estimate for
the average hours per response is 1.3 hours. The estimate for the total
annual hour burden is 376 hours (286 respondents x 1 response/
respondent x approximately 1.3 hours). The estimated annualized cost to
respondents of the information collection is $35,175.00.
C. Comment Request
The Finance Board requests written comments on the following: (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.
By the Federal Housing Finance Board.
Dated: October 31, 1997.
William W Ginsberg,
Managing Director.
[FR Doc. 97-29368 Filed 11-5-97; 8:45 am]
BILLING CODE 6725-01-U
