Published 30-day PRA Federal Register Notice - Members of the Bank 2590-0003

Federal Register / Vol. 78, No. 205 / Wednesday, October 23, 2013 / Notices
Bank’s stock purchase requirements.
Although the required information and
the precise method through which it is
collected differ from Bank to Bank, there
are for each Bank typically two
components to the information
collection. First, in order to calculate
and monitor compliance with its
membership stock purchase
requirement, a Bank typically requires
each member to provide and/or confirm
a quarterly or annual report on the
amount and types of assets held by that
institution. Second, at the time it
engages in a business transaction with a
member, each Bank typically confirms
with the member the amount of
additional Bank capital stock, if any, the
member must acquire in order to satisfy
the Bank’s activity-based stock purchase
requirement and the method through
which the member will acquire that
stock.
The OMB number for the information
collection is 2590–0002, which is due to
expire on October 31, 2013. The likely
respondents include Bank members.

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B. Burden Estimate
FHFA has analyzed the cost and hour
burden for the two facets of this
information collection: the membership
stock purchase requirement and the
activity-based stock purchase
requirement.
FHFA estimates the total annual
average number of ‘‘membership stock
purchase requirement’’ respondents at
30,416 (7,604 respondents x 4 quarterly
responses per respondent). The estimate
for the average hours per response is
0.71 hours. The estimate for the annual
hour burden for ‘‘membership stock
purchase requirement’’ respondents is
21,595 hours (7,604 respondents x 4
responses per respondent x 0.71 hours
per response). The estimate for the
annual cost burden is $1,390,924.
FHFA estimates the total annual
average number of ‘‘activity-based stock
purchase requirement’’ respondents at
81,120 (312 daily transactions x 260
working days), with 1 response per
respondent. The estimate for the average
hours per response is 0.16 hours. The
estimate for the annual hour burden for
‘‘activity-based stock purchase
requirement’’ respondents is 12,979
hours (81,120 average daily borrower
responses x 0.16 average hours per
response). The estimate for the annual
cost burden for member respondents is
$856,627.
The estimated total annual hour
burden on Bank members from this
information collection is 34,574 hours.
The aggregate total annual cost to Bank
members is $2,247,551. The estimated

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total annual number of submissions is
111,536.
C. Comment Request
In accordance with the requirements
of 5 CFR 1320.8(d), FHFA published a
request for public comments regarding
this information collection in the
Federal Register on July 1, 2013. See 78
FR 39293 (July 1, 2013). The 60-day
comment period closed on August 30,
2013. No public comments were
received.
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
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Dated: September 30, 2013.
Kevin Winkler,
Chief Information Officer, Federal Housing
Finance Agency.
[FR Doc. 2013–24734 Filed 10–22–13; 8:45 am]
BILLING CODE 8070–01–P

FEDERAL HOUSING FINANCE
AGENCY
[No. 2013–N–13]

Proposed Collection; Comment
Request
Federal Housing Finance
Agency.
ACTION: 30-day Notice of Submission of
Information Collection for Approval
from the Office of Management and
Budget.
AGENCY:

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
‘‘Members of the Banks,’’ which has
been assigned control number 2590–
0003 by the Office of Management and
Budget (OMB). FHFA will 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 October 31, 2013.
DATES: Interested persons may submit
comments on or before November 22,
2013.
Comments: Submit comments to the
Office of Information and Regulatory
SUMMARY:

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63205

Affairs of the Office of Management and
Budget, Attention: Desk Officer for the
Federal Housing Finance Agency,
Washington, DC 20503, Fax: 202–395–
6974, Email: OIRA_Submisson@
omb.eop.gov. Please also submit
comments to FHFA using any one of the
following methods:
• Email: RegComments@fhfa.gov.
Please include Proposed Collection;
Comment Request: ‘‘Members of the
Banks, (No. 2013–N–13)’’ in the subject
line of the message.
• 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
RegComments@fhfa.gov to ensure
timely receipt by the agency.
• Mail/Hand Delivery: Federal
Housing Finance Agency, Eighth Floor,
400 Seventh Street SW., Washington,
DC 20024, ATTENTION: Public
Comments/Proposed Collection;
Comment Request: ‘‘Members of the
Banks, (No. 2013–N–13).’’
We will post all public comments we
receive without change, including any
personal information you provide, such
as your name, 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 20024. To
make an appointment to inspect
comments, please call the Office of
General Counsel at 202–649–3804.
FOR FURTHER INFORMATION CONTACT:
Jonathan F. Curtis, Financial Analyst,
Division of Federal Home Loan Bank
Regulation, at 202–649–3321 (not a toll
free number), Jonathan.Curtis@fhfa.gov,
or by regular mail at the Federal
Housing Finance Agency, 400 Seventh
Street SW., Washington, DC 20024. The
telephone number for the
Telecommunications Device for the Deaf
is 800–877–8339.
SUPPLEMENTARY INFORMATION:
A. Need For and Use of the Information
Collection
Section 4 of the Federal Home Loan
Bank Act (Bank Act) establishes the
eligibility requirements an institution
must meet in order to become a member
of a Federal Home Loan Bank (Bank).1
FHFA’s Bank membership regulation,
located at 12 CFR part 1263, implements
1 See

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12 U.S.C. 1424.

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63206

Federal Register / Vol. 78, No. 205 / Wednesday, October 23, 2013 / Notices

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section 4 of the Bank Act by providing
uniform requirements an applicant must
meet to be approved for Bank
membership and review criteria a Bank
must apply to determine if an applicant
satisfies the statutory and regulatory
membership eligibility requirements,
and by specifying the information and
materials an institution must submit as
part of its application.2 Although the
membership regulation authorizes the
Banks to approve or deny applications
for membership, it also provides
institutions that have been denied
membership in a Bank the option of
appealing the decision to FHFA.3 The
membership regulation also addresses
the requirements for withdrawal from
Bank membership and for the transfer of
an institution’s membership from one
Bank to another.4
This information collection may
require four different types of
submissions by Bank members or by
institutions wishing to become a Bank
member: (I) Applications for
membership and supporting materials;
(II) notices of appeal to FHFA by
institutions that have been denied
membership by a Bank; (III) requests to
withdraw from Bank membership; and
(IV) applications for transfer of
membership to a different Bank and
supporting materials. The information
collection is necessary to enable a Bank
to determine whether prospective and
current Bank members, or transferring
members of other Banks, satisfy the
statutory and regulatory requirements to
be certified initially and maintain their
status as members eligible to obtain
Bank advances. The collection is also
necessary to inform a Bank of when to
initiate the withdrawal process where a
member so desires. On appeals, FHFA
uses the information collection to
determine whether to uphold or
overrule a Bank’s decision to deny Bank
membership to an applicant.
The OMB control number for the
information collection is 2590–0003,
which is due to expire on October 31,
2013. The likely respondents are
institutions that want to be certified as
or are members of a Bank seeking
continued certification.
B. Burden Estimate
FHFA has analyzed the cost and hour
burden for the four facets of the
information collection: (I) membership
application process; (II) appeal of
membership denial; (III) membership
withdrawals, and (IV) transfer of
membership to another Bank district.
2 See

12 CFR part 1263.
12 CFR 1263.5.
4 See 12 CFR 1263.26; 1263.18(d), (e).
3 See

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The estimate for the total annual hour
burden for all respondents is 2,261
hours. The estimate for the total annual
cost burden is $175,613. These
estimates are based on the following:
I. Membership Application
FHFA estimates the total annual
average number of applicants at 157,
with 1 response per applicant. The
estimate for the average hours per
application is 11.7 hours. The estimate
for the annual hour burden for
applicants is 1,837 hours (157
applicants × 1 response per applicant ×
11.7 hours per response). The estimate
for the total annual cost burden to
applicants for the membership
application process is $135,365.
II. Appeal of Membership Denial
FHFA estimates the total annual
average number of appellants at 1, with
1 response per appellant. The estimate
for the average hours per application for
appeal is 10 hours. The estimate for the
annual hour burden for appellants is 10
hours (10 appellants × 1 response per
appellant × 10 hours per response). The
estimate for the total annual cost burden
to applicants for the appeal of
membership denial process is $950.
III. Withdrawals From Membership
FHFA estimates the total annual
average number of membership
withdrawals at 275, with 1 response per
applicant. The estimate for the average
hours per application is 1.5 hours. The
estimate for the annual hour burden for
applicants is 413 hours (275
withdrawals × 1 response per applicant
× 1.5 hours per response). The estimate
for the total annual cost burden to
members for withdrawals from
membership is $39,188.
IV. Transfer of Membership
FHFA estimates the total annual
average number of membership transfer
requests at 1, with 1 response per
applicant. The estimate for the average
hours per application is 1.5 hours. The
estimate for the annual hour burden for
applicants is 1.5 hours (1 transfer × 1
response per applicant × 1.5 hours per
response). The estimate for the total
annual cost burden to member
respondents of the transfer of
membership process is $110.
C. Comment Request
In accordance with the requirements
of 5 CFR 1320.8(d), FHFA published a
request for public comments regarding
this information collection in the
Federal Register on July 1, 2013. See 78
FR 39293 (July 1, 2013). The 60-day
comment period closed on August 30,

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2013. No public comments were
received.
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 the
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
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Dated: September 30, 2013.
Kevin Winkler,
Chief Information Officer, Federal Housing
Finance Agency.
[FR Doc. 2013–24735 Filed 10–22–13; 8:45 am]
BILLING CODE 8070–01–P

GOVERNMENT ACCOUNTABILITY
OFFICE
Vacancy on Board of Governors of the
Patient-Centered Outcomes Research
Institute (PCORI)
Government Accountability
Office (GAO).
ACTION: Notice on letters of nomination.
AGENCY:

The Patient Protection and
Affordable Care Act gave the
Comptroller General of the United
States responsibility for appointing 19
members to the Board of Governors of
the Patient-Centered Outcomes Research
Institute and for filling vacancies that
may occur. Board members must meet
the qualifications listed in Section 6301
of the Act. Due to the resignation of a
physician representative on the board, I
am announcing the following: letters of
nomination and resumes should be
submitted by November 15, 2013 to
ensure adequate opportunity for review
and consideration of nominees prior to
appointment. Letters of nomination and
resumes can be sent to either the email
or mailing address listed below.
ADDRESSES: Nominations can be
submitted by either of the following:
Email: PCORI@gao.gov, Mail: GAO
Health Care, Attention: Patient Centered
Outcomes Research Institute, 441 G
Street NW., Washington, DC 20548.
FOR FURTHER INFORMATION CONTACT:
GAO: Office of Public Affairs, (202)
512–4800. [Sec. 6301, Pub. L. 111–148]
SUMMARY:

Gene L. Dodaro,
Comptroller General of the United States.
[FR Doc. 2013–24699 Filed 10–22–13; 8:45 am]
BILLING CODE 1610–02–M

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