[Federal Register Volume 76, Number 61 (Wednesday, March 30, 2011)]
[Notices]
[Pages 17751-17752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-7374]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 24, 2011.
    The Department of Treasury will submit the following public 
information collection requirement to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13 on or 
after the date of publication of this notice. A copy of the submission 
may be obtained by calling the agency contact listed below. Comments 
regarding this information

[[Page 17752]]

collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, 1750 
Pennsylvania Avenue, NW., Suite 11010, Washington, DC 20220.

DATES: Written comments should be received on or before April 29, 2011 
to be assured of consideration.

Departmental Offices

    OMB Number: 1505-0224.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: New Issue Bond Program and Temporary Credit and Liquidity 
Program.
    Description: 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) is implementing 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 has purchased securities from the GSEs backed by mortgage 
revenue bonds issued by participating state and local HFAs. Under the 
TCLP, Treasury has 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 is instituting a series of data collection requirements to be 
completed by participating HFAs and furnished to Treasury through the 
GSEs.
    Respondents: Businesses or other for-profit institutions, and not-
for-profit institutions.
    Estimated Total Reporting Burden: 26,170 hours.
    Agency Contact: Theo Polan, Department of the Treasury, 1500 
Pennsylvania Ave., NW., Room 2054MT, Washington, DC 20220; (202) 622-
8085.
    OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New 
Executive Office Building, Room 10235, Washington, DC 20503; (202) 395-
7873.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2011-7374 Filed 3-29-11; 8:45 am]
BILLING CODE 4810-25-P