[Federal Register Volume 63, Number 13 (Wednesday, January 21, 1998)]
[Notices]
[Page 3115]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1315]


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FEDERAL HOUSING FINANCE BOARD

[No. 98-N-2]


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 
``Personal Certification and Disclosure Forms'' 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 January 
31, 1998.

DATES: Interested persons may submit comments on or before February 20, 
1998.

ADDRESSES: Submit comments to the Office of Information and Regulatory 
Affairs of OMB, Attention: Desk Officer for the Federal Housing Finance 
Board, Washington, D.C. 20503. Address requests for copies of the 
information collection and supporting documentation 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 part 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 part 
932. The information collection contained in the elective and 
appointive 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 elective and appointive 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), 932.21 (elective directors). Accordingly, Finance Board 
staff uses the information collection to determine whether respondents 
meet the statutory and regulatory eligibility requirements. 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. Incumbent directors also have a 
continuing obligation promptly to notify the Finance Board of any known 
or suspected ineligibility. See 12 CFR 932.18(f)(2); 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, 1998.

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

    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 November 6, 1997. See 
62 FR 60093 (Nov. 6, 1997). The 60-day comment period closed on January 
5, 1998. 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 the functions of the Finance 
Board, 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: January 12, 1998.
William W. Ginsberg,
Managing Director.
[FR Doc. 98-1315 Filed 1-20-98; 8:45 am]
BILLING CODE 6725-01-U