[Federal Register Volume 79, Number 59 (Thursday, March 27, 2014)]
[Notices]
[Page 17236]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-06819]


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DEPARTMENT OF THE TREASURY


Proposed Collection; Comment Request; Office of the Assistant 
Secretary for Financial Markets

AGENCY: Departmental Office, Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to comment on a revision of an 
existing information collection, as required by the Paperwork Reduction 
Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, 
the Office of the Assistant Secretary for Financial Markets, within the 
Department of the Treasury, is soliciting comments concerning the New 
Issue Bond Program and Temporary Credit and Liquidity Program.

DATES: Written comments should be received on or before May 27, 2014 to 
be assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to the Preston Atkins, Director of the HFA 
Initiative, Room 1136J, Main Treasury Building, Washington, DC 20220 or 
email at [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to Preston Atkins, Director of the HFA Initiative, 
Room 1136J, Main Treasury Building, Washington, DC 20220 or email at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    OMB Control Number: 1505-0224.
    Title: New Issue Bond Program and Temporary Credit and Liquidity 
Program.
    Abstract: Authorized under section 304(g) of the Federal National 
Mortgage Association Charter Act (12 U.S.C. 1719(g)) and Section 306(l) 
of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1455(l), 
as amended by the Housing and Economic Recovery Act (HERA) of 2008 
(Pub. L. 110-289; approved July 30, 2008) the Department of the 
Treasury (Treasury) implemented two programs under the HFA (Housing 
Finance Agency) Initiative. The statute provides the Secretary 
authority to purchase securities and obligations of Fannie Mae and 
Freddie Mac (the GSEs) as he determines necessary to stabilize the 
financial markets, prevent disruptions in the availability of mortgage 
finance, and to protect the taxpayer. On December 4, 2009, the 
Secretary made the appropriate determination to authorize the two 
programs of the HFA Initiative: The New Issue Bond Program (NIBP) and 
the Temporary Credit and Liquidity Program (TCLP). Under the NIBP, 
Treasury purchased securities from the GSEs backed by mortgage revenue 
bonds issued by participating state and local HFAs. Under the TCLP, 
Treasury purchased a participation interest from the GSEs in temporary 
credit and liquidity facilities provided to participating HFAs as a 
liquidity backstop on their variable-rate debt. In order to properly 
manage the two programs of the initiative, continue to protect the 
taxpayer, and assure compliance with the Programs' provisions, Treasury 
instituted a series of data collection requirements to be completed by 
participating HFAs and furnished to Treasury through the GSEs.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Private sector: Businesses or other for profit 
institutions; not-for-profit institutions.
    Estimated Number of Respondents: 66.
    Estimated Annual Response: 3,674.
    Estimated Annual Burden Hours: 19,359.
    Request For Comment: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
Whether the collection of information is necessary for the proper 
performance of the functions of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including the use of automated collection 
techniques or other forms of information technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Dated: March 24, 2014.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-06819 Filed 3-26-14; 8:45 am]
BILLING CODE 4810-25-P