30-day PRA Notice

Federal Register / Vol. 74, No. 234 / Tuesday, December 8, 2009 / Notices
STATUS: This meeting will be open to the
public.
ITEMS TO BE DISCUSSED:
Correction and Approval of Minutes.
Adoption of Policy to Prepare and
Publish a Guidebook for Complainants
and Respondents in Enforcement
Matters.
Agency Procedure.
Management and Administrative
Matters.
Individuals who plan to attend and
require special assistance, such as sign
language interpretation or other
reasonable accommodations, should
contact Mary Dove, Commission
Secretary, at (202) 694–1040, at least 72
hours prior to the hearing date.
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer; Telephone:
(202) 694–1220.

Mary W. Dove,
Secretary of the Commission.
[FR Doc. E9–29118 Filed 12–7–09; 8:45 am]
BILLING CODE 6715–01–M

FEDERAL HOUSING FINANCE
AGENCY
[No. 2009–N–13]

Proposed Collection; Comment
Request

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AGENCY: Federal Housing Finance
Agency.
ACTION: 30-day Notice of submission of
information collection for approval from
the Office of Management and Budget.
SUMMARY: In accordance with the
requirements of the Paperwork
Reduction Act of 1995, the Federal
Housing Finance Agency (FHFA) is
seeking public comments concerning a
currently approved information
collection known as ‘‘Affordable
Housing Program (AHP),’’ which has
been assigned control number 2590–
0007 by the Office of Management and
Budget (OMB). FHFA will submit a
request to OMB for regular review and
approval to renew the information
collection for a three-year period. The
control number is due to expire on
December 31, 2009.
DATES: Interested persons may submit
comments on or before January 7, 2010.
Comments: 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–
6974, E-mail address:
OIRA_Submission@omb.eop.gov. Please
also submit them to FHFA using any
one of the following methods:

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• E-mail: RegComments@fhfa.gov.
Please include Proposed Collection;
Comment Request: Affordable Housing
Program (AHP) (No. 2009–N–##) in the
subject line of the message.
• Mail/Hand Delivery: Federal
Housing Finance Agency, Fourth Floor,
1700 G Street, NW., Washington, DC
20552, Attention: Public Comments/
Proposed Collection; Comment Request:
Affordable Housing Program (AHP) (No.
2009–N–##).
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
We will post all public comments we
receive without change, including any
personal information you provide, such
as your name and address, on the FHFA
Web site at http://www.fhfa.gov. Send
requests for copies of the Affordable
Housing Program information collection
and supporting documentation to the
contact referenced in the For Further
Information Contact section. There is no
charge for copies.
FOR FURTHER INFORMATION CONTACT:
Charles E. McLean, Acting Manager,
Division of Housing Mission and Goals,
Charles.Mclean@fhfa.gov, 202–408–
2537; or Deattra D. Perkins, Community
Development Specialist, Division of
Housing Mission and Goals,
Deattra.Perkins@fhfa.gov, 202–408–
2527 (not toll-free numbers). The
telephone number for the
Telecommunications Device for the Deaf
is 800–877–8339.
SUPPLEMENTARY INFORMATION:
A. Background
Section 10(j) of the Federal Home
Loan Bank Act (Bank Act) requires each
Bank to establish an affordable housing
program, the purpose of which is to
enable a Bank’s members to finance
homeownership by households with
incomes at or below 80% of the area
median income (low- or moderateincome households), and to finance the
purchase, construction, or rehabilitation
of rental projects in which at least 20%
of the units will be occupied by and
affordable for households earning 50%
or less of the area median income (very
low-income households). 12 U.S.C.
1430(j)(1) and (2). The Bank Act
requires each Bank to contribute 10% of
its previous year’s net earnings to its
AHP annually, subject to a minimum
annual combined contribution by the 12
Banks of $100 million. 12 U.S.C.
1430(j)(5)(C).
The AHP regulation authorizes a
Bank, in its discretion, to set aside a
portion of its annual required AHP
contribution to establish
homeownership set-aside programs for

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the purpose of promoting
homeownership for low- or moderateincome households. See 12 CFR 1291.6.
Under the homeownership set-aside
programs, a Bank may provide AHP
direct subsidy (grants) to members to
pay for down payment assistance,
closing costs, and counseling costs in
connection with a household’s purchase
of its primary residence, and for
rehabilitation assistance in connection
with a household’s rehabilitation of an
owner-occupied residence. 12 CFR
1291.6(c)(4). Currently, a Bank may
allocate up to the greater of $4.5 million
or 35% of its annual required AHP
contribution to homeownership setaside programs in that year.
B. Need for and Use of the Information
Collection
The Banks use AHP data collection to
determine whether an AHP applicant
satisfies the statutory and regulatory
requirements to receive AHP subsidies.
FHFA’s use of the information is
necessary to enable and to ensure that
Bank funding decisions, and the use of
the funds awarded, are consistent with
statutory and regulatory requirements.
The AHP information collection is
found in the Data Reporting Manual
(DRM). See Resolution Number 2006–13
(available electronically in the FOIA
Reading Room: http://www.fhfa.gov/
Default.aspx?Page=256&ListYear=
2006&ListCategory=9#9/2006).
The OMB number for the information
collection is 2590–0007. The OMB
clearance for the information collection
expires on December 31, 2009. The
likely respondents are institutions that
are Bank members.
C. Burden Estimate
FHFA analyzed the cost and hour
burden for the seven facets of the AHP
information collection—AHP
applications, AHP modification
requests, AHP monitoring agreements,
AHP recapture agreements,
homeownership set-aside program
applications, verifications of statutory
and regulatory compliance at the time of
subsidy disbursement, and Bank
Advisory Council reports and
recommendations on AHP
implementation plans. As explained in
more detail below, the estimate for the
total annual hour burden for applicant
and member respondents for all seven
facets of the AHP information collection
is 76,214 hours.
1. AHP Applications
FHFA estimates a total annual average
of 2,050 applications for AHP funding,
with 1 response per applicant, and a 24hour average processing time for each

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Federal Register / Vol. 74, No. 234 / Tuesday, December 8, 2009 / Notices

application. The estimate for the total
annual hour burden for AHP
applications is 49,200 hours (2,050
applicants × 1 application × 24 hours).
2. AHP Modification Requests
FHFA estimates a total annual average
of 150 modification requests, with 1
response per requestor, and a 2.5-hour
average processing time for each
request. The estimate for the total
annual hour burden for AHP
modification requests is 375 hours (150
requestors × 1 request × 2.5 hours).
3. AHP Monitoring Agreements
FHFA estimates a total annual average
of 825 AHP monitoring agreements,
with 1 agreement per respondent. The
estimate for the average hours to
implement each AHP monitoring
agreement and prepare and review
required reports and certifications is
4.75 hours. The estimate for the total
annual hour burden for AHP monitoring
agreements is 3,919 hours (825
respondents × 1 agreement × 4.75
hours).
4. AHP Recapture Agreements
FHFA estimates a total annual average
of 360 AHP recapture agreements, with
1 agreement per respondent. The
estimate for the average hours to prepare
and implement an AHP recapture
agreement is 2 hours. The estimate for
the total annual hour burden for AHP
recapture agreements is 720 hours (360
respondents × 1 agreement × 2 hours).
5. Homeownership Set-Aside Program
Applications
FHFA estimates a total annual average
of 10,000 homeownership set-aside
program applications, with 1
application per respondent, and a 2
hour average processing time for each
application. The estimate for the total
annual hour burden for homeownership
set-aside program applications is 20,000
hours (10,000 respondents × 1
application × 2 hours).

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6. Verification of Statutory and
Regulatory Compliance Submissions
FHFA estimates a total annual average
of 2,000 submissions to verify
compliance with statutory and
regulatory requirements with 1
submission per respondent. The
estimate for the average hours to review
database records for completeness and
accuracy prior to submission and
validation is 1 hour. The estimate for
the total annual hour burden for
verification of compliance submissions
is 2,000 hours (2,000 respondents × 1
submission × 1 hour).

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7. Bank Advisory Council Reports and
Recommendations on AHP
Implementation Plans
Member and applicant respondents
incur no costs because the Bank
Advisory Councils prepare and the
Banks and FHFA review Advisory
Council reports and recommendations.
D. Comment Request
Written comments are requested on:
(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 applicants
and housing associates, including
through the use of automated collection
techniques or other forms of information
technology. Comments may be
submitted in writing as instructed above
in the Comments section.
Dated: December 2, 2009.
Edward J. De Marco,
Acting Director, Federal Housing Finance
Agency.
[FR Doc. E9–29219 Filed 12–7–09; 8:45 am]
BILLING CODE P

FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
SUMMARY: Background. Notice is hereby
given of the final approval of proposed
information collections by the Board of
Governors of the Federal Reserve
System (Board) under OMB delegated
authority, as per 5 CFR 1320.16 (OMB
Regulations on Controlling Paperwork
Burdens on the Public). Board-approved
collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
Paperwork Reduction Act Submission,
supporting statements and approved
collection of information instrument(s)
are placed into OMB’s public docket
files. The Federal Reserve may not
conduct or sponsor, and the respondent
is not required to respond to, an
information collection that has been
extended, revised, or implemented on or
after October 1, 1995, unless it displays
a currently valid OMB control number.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance Officer

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—Michelle Shore—Division of Research
and Statistics, Board of Governors of the
Federal Reserve System, Washington,
DC 20551 (202–452–3829).
OMB Desk Officer—Shagufta Ahmed
—Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Room 10235, Washington, DC 20503.
Final approval under OMB delegated
authority of the extension for three
years, without revision, of the following
information collections:
(1) Report title: Disclosure and
Reporting Requirements of CRA-Related
Agreements.
Agency form number: Reg G.
OMB control number: 7100–0299.
Frequency: On occasion and annual.
Reporters: Insured depository
institutions (IDIs) and nongovernmental
entities or persons (NGEPs).
Annual reporting hours: 78 hours.
Number of respondents: 3 IDI and 6
NGEPs.
Estimated average hours per response:
1 hour (6 disclosure requirements and 1
annual report) and 4 hours (2 annual
reports).
General description of report: This
information collection is required
pursuant the Federal Deposit Insurance
Act (FDI Act), 12 U.S.C. 1831y(b) and
(c). The FDI Act authorizes the Federal
Reserve to require the disclosure and
reporting requirements of Regulation G
(12 CFR part 207). In general, the
Federal Reserve does not consider
individual respondent commercial and
financial information collected by the
Federal Reserve pursuant to Regulation
G as confidential. However, a
respondent may request confidential
treatment pursuant to section (b)(4) of
Freedom of Information Act, 5 U.S.C
552(b)(4).
Abstract: Section 48 of the FDI Act
imposes disclosure and reporting
requirements on IDIs, their affiliates and
NGEPs that enter into written
agreements that meet certain criteria.
The written agreements must (1) be
made in fulfillment of the Community
Reinvestment Act of 1977 (CRA) and (2)
involve funds or other resources of an
IDI or affiliate with an aggregate value
of more than $10,000 in a year, or loans
with an aggregate principal value of
more than $50,000 in a year. Section 48
excludes from the disclosure and
reporting requirements any agreement
between an IDI or its affiliate and an
NGEP if the NGEP has not contacted the
IDI or its affiliate, or a banking agency,
concerning the CRA performance of the
IDI.
Regulation G contains four disclosure
requirements and two reporting
requirements for IDIs and affiliates and

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