[Federal Register Volume 65, Number 2 (Tuesday, January 4, 2000)]
[Rules and Regulations]
[Pages 202-203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-38]


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FEDERAL HOUSING FINANCE BOARD

12 CFR Part 935

[No. 99-69]
RIN 3069-AA91


Information Collection Approval; Technical Amendment to Advances 
to Nonmembers Rule

AGENCY: Federal Housing Finance Board.

ACTION: Final Rule.

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SUMMARY: Under the Paperwork Reduction Act of 1995 (Act), the Office of 
Management and Budget (OMB) has approved a three-year extension of the 
information collection contained in the Federal Housing Finance Board 
(Finance Board) regulation governing Federal Home Loan Bank advances to 
nonmembers. The OMB control number approving the information collection 
now expires on November 30, 2002. In accordance with the requirements 
of the Act, the Finance Board is amending the advances to nonmembers 
rule to reflect this new expiration date.

EFFECTIVE DATE: The final rule will become effective on January 4, 
2000.

FOR FURTHER INFORMATION CONTACT: Jonathan F. Curtis, Senior Financial 
Analyst, Policy Development and Analysis Division, Office of Policy, 
Research and Analysis, by telephone at 202/408-2866, by electronic mail 
at [email protected], or by regular mail at the Federal Housing Finance 
Board, 1777 F Street, N.W., Washington, D.C. 20006.

SUPPLEMENTARY INFORMATION:

I. Background

    In order to extend the expiration date of the OMB control number 
approving the information collection contained in its advances to 
nonmembers rule, the Finance Board published requests for public 
comments regarding the information collection in the Federal Register 
on June 16 and October 5, 1999. See 64 FR 32235 (June 16, 1999) and 64 
FR 54021 (Oct. 5, 1999). The

[[Page 203]]

Finance Board also submitted an analysis of the information collection, 
entitled ``Advances to Nonmember Mortgagees,'' to the OMB for review 
and approval. The OMB has approved a three-year extension of the 
information collection under OMB control number 3069-0005. The OMB 
control number now expires on November 30, 2002.
    Under the Act and the OMB's implementing regulation, 44 U.S.C. 3507 
and 5 CFR 1320.5, an agency may not sponsor or conduct, and a person is 
not required to respond to, an information collection unless the 
regulation collecting the information displays a currently valid OMB 
control number. Accordingly, the Finance Board is amending the advances 
to nonmembers rule to reflect the new expiration date of the OMB 
control number.

II. Notice and Public Participation

    Because the effectiveness of the information collection contained 
in the advances to nonmembers rule must be maintained, the Finance 
Board for good cause finds that the notice and public procedure 
requirements of the Administrative Procedures Act are impracticable, 
unnecessary, or contrary to the public interest. See 5 U.S.C. 
553(b)(3)(B).

III. Effective Date

    For the reasons stated in part II above, the Finance Board for good 
cause finds that the final rule should become effective on January 4, 
2000. See 5 U.S.C. 553(d)(3).

IV. Regulatory Flexibility Act

    The provisions of the Regulatory Flexibility Act do not apply since 
this technical amendment to the advances to nonmember rule does not 
require publication of a notice of proposed rulemaking. See 5 U.S.C. 
601(2) and 603(a).

V. Paperwork Reduction Act

    The rule does not contain any collections of information pursuant 
to the Paperwork Reduction Act of 1995. See 44 U.S.C. 3501 et seq. 
Consequently, the Finance Board has not submitted any information to 
the Office of Management and Budget for review.

List of Subjects in 12 CFR Part 935

    Credit, Federal home loan banks, Reporting and recordkeeping 
requirements.

    For the reasons stated in the preamble, the Finance Board hereby 
amends 12 CFR part 935 as follows:

PART 935--ADVANCES

    1. The authority citation for part 935 continues to read as 
follows:

    Authority: 12 U.S.C. 1422a(a)(3), 1422b(a)(1), 1426, 1429, 1430, 
1430b, and 1431.

Subpart B--Advances to Nonmembers


Secs. 935.22, 935.23 and 935.24  [Amended]

    2. Revise the parenthetical statement that appears after 
Secs. 935.22, 935.23, and 935.24 to read as follows:

(The Office of Management and Budget has approved the information 
collection contained in this section and assigned control number 
3069-0005 with an expiration date of November 30, 2002.)

    By the Board of Directors of the Federal Housing Finance Board.

    Dated: December 22, 1999.
Bruce A. Morrison,
Chairman.
[FR Doc. 00-38 Filed 1-3-00; 8:45 am]
BILLING CODE 6725-01-P