OMB files this
comment in accordance with 5 CFR 1320.11(c). This OMB action is not
an approval to conduct or sponsor an information collection under
the Paperwork Reduction Act of 1995. This action has no effect on
any current approvals. If OMB has assigned this ICR a new OMB
Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. In
accordance with 5 CFR 1320, the information collection is not
approved at this time. Prior to publication of the final rule, the
agency should provide to OMB a summary of all comments received on
the proposed information collection and identify any changes made
in response to these comments.
Inventory as of this Action
Requested
Previously Approved
36 Months From Approved
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The Federal Housing Finance Agency is
proposing to amend its regulation on minority and women inclusion
by requiring the Federal Home Loan Banks (Banks) and the Office of
Finance to include in the contents of their annual reports certain
demographic information related to their boards of directors as
well as a description of their related activities during the
reporting year. Under proposed § 1207.23(b)(9)(i), each Bank and
the Office of Finance would be required to request annually that
each member of its board of directors provide, on a voluntary
basis, self-identification of his or her demographic
classification, without including personally identifiable
information. Proposed § 1207.23(b)(9) and proposed § 1207.22(c)
would require that each Bank and the Office of Finance submit the
baseline board demographic information collected to FHFA as part of
the annual report it is already required to submit under existing
part 1207.
US Code:
12
USC 4520 Name of Law: Federal Housing Enterprises Financial
Safety and Soundness Act of 1992, as amended
US Code: 12
USC 1833e Name of Law: null
EO: EO 11478 Name/Subject of EO: Equal employment
opportunity in the Federal Government
Each Bank and the Office of
Finance is required to implement policies and procedures to promote
diversity in all of its business and activities "at all levels"
and, specifically, to encourage diversity in the nomination and
solicitation of nominees for members of its boards of directors.
FHFA would like to establish a baseline to analyze future trends
related to the diversity of the boards of directors of the Banks
and the Office of Finance and to assess the effectiveness of the
strategies developed by the Banks and the Office of Finance for
promoting, developing and retaining board diversity talent. Because
the type of demographic information needed is not available from
any other source, FHFA is amending its regulations to require the
Banks and Office of Finance to ask their directors to submit such
information voluntarily.
$0
No
No
No
No
Yes
Uncollected
Nancy Burnett 202 649-3017
nancy.burnett@fhfa.gov
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.