[Federal Register Volume 66, Number 192 (Wednesday, October 3, 2001)]
[Notices]
[Page 50435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-24674]


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FEDERAL HOUSING FINANCE BOARD

[No. 2001-N-11]


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 
``Federal Home Loan Bank Directors'' 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 September 30, 2001.

DATES: Interested persons may submit comments on or before November 2, 
2001.

ADDRESSES: Submit comments to the Office of Information and Regulatory 
Affairs of OMB, Attention: Desk Officer for the Federal Housing Finance 
Board, Washington, DC 20503. Address requests for copies of the 
information collection and supporting documentation to Elaine L. Baker, 
Secretary to the Board, 202/408-2837, [email protected], Federal Housing 
Finance Board, 1777 F Street, NW., Washington, DC 20006.

FOR FURTHER INFORMATION CONTACT: Patricia L. Sweeney, Program Analyst, 
Program Assistance Division, Office of Policy, Research and Analysis by 
telephone at 202/408-2872, by electronic mail at [email protected], or 
by regular mail to the Federal Housing Finance Board, 1777 F Street, 
NW., Washington, DC 20006.

SUPPLEMENTARY INFORMATION:

A. Need For and Use of Information Collection

    Section 7 of the Federal Home Loan Bank Act (Bank Act) and the 
Federal Housing Finance Board (Finance Board) implementing regulation 
establish the eligibility requirements and the procedures for electing 
and appointing Federal Home Loan Bank (FHLBank) directors. See 12 
U.S.C. 1427; 12 CFR part 915. Under part 915, the FHLBanks determine 
the eligibility of elective directors and director nominees and run the 
director election process. The Finance Board determines the eligibility 
of and selects all appointive FHLBank directors. To determine 
eligibility, the FHLBanks use the Elective Director Eligibility 
Certification Form, and the Finance Board uses the Appointive Director 
Eligibility Certification Form.
    The Finance Board uses the information collection contained in the 
Appointive Director Eligibility Certification Form, and part 915 to 
determine whether prospective and incumbent appointive directors 
satisfy the statutory and regulatory eligibility and reporting 
requirements. Only individuals meeting these requirements may serve as 
appointive FHLBank directors. See 12 U.S.C. 1427(a). The FHLBanks, and 
where appropriate, the Finance Board, use the information collection in 
the Elective Director Eligibility Certification Form, and part 915 to 
determine whether elective directors and director nominees satisfy the 
statutory and regulatory eligibility and reporting requirements. Only 
individuals meeting these requirements may serve as elective FHLBank 
directors. See 12 U.S.C. 1427(a).
    The likely respondents include FHLBanks, FHLBank members, and 
prospective and incumbent FHLbank directors.
    The OMB number for the information collection is 3069-0002. The OMB 
clearance for the information collection expires on September 30, 2001.

B. Burden Estimate

    The Finance Board estimates the total number of respondents to be 
4,410. The respondents include the 12 FHLBanks and 4,398 FHLBank 
members, and prospective and incumbent appointive and elective 
directors. The estimated number of total annual responses is 4,998. The 
average number of responses per respondent is 1.13.
    The Finance Board estimates that the total annual hour burden for 
all respondents is 4,208.55 hours. This includes 2,019.05 hours 
attributed to the FHLBanks and 1,399.5 hours attributed to FHLBank 
members, and prospective and incumbent appointive and elective 
directors. The average number of burden hours per respondent is 0.95 
hours.

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 April 2, 2001. See 66 
FR 17557 (April 2, 2001). The 60-day comment period closed on June 1, 
2001. 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 Finance Board functions, 
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: September 27, 2001.
James L. Bothwell,
Managing Director.
[FR Doc. 01-24674 Filed 10-2-01; 8:45 am]
BILLING CODE 6725-01-P