Federal Register / Vol. 69, No. 192 / Tuesday, October 5, 2004 / Notices 59597

FEDERAL HOUSING FINANCE BOARD

[No. 2004–N–12] 

Submission for OMB Review; 

Comment Request

AGENCY: Federal Housing Finance 

Board.

ACTION: Notice.

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995, the Federal 

Housing Finance Board (Finance Board) 

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 October 31, 

2004.

DATES: Interested persons may submit 

comments on or before November 4, 

2004.

ADDRESSES: Submit comments to the 

Office of Information and Regulatory 

Affairs of the Office of Management and 

Budget, Attention: Desk Officer for the 

Federal Housing Finance Board, 

Washington, DC 20503.

FOR FURTHER INFORMATION OR COPIES OF

THE COLLECTION CONTACT: Patricia L. 

Sweeney, Program Analyst, Office of 

Supervision, by telephone at 202/408–

2872, by electronic mail at 

sweeneyp@fhfb.gov, 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 Finance 

Board’s 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 elected directors and director 

nominees and run the director election 

process. The Finance Board determines 

the eligibility of and selects all 

appointed FHLBank directors. To 

determine eligibility, the FHLBanks use 

the Elected Director Eligibility 

Certification Form and the Finance 

Board uses the Appointed Director 

Eligibility Certification Form. The 

Finance Board regulation also requires 

incumbent directors to certify annually 

that they continue to meet the director 

eligibility requirements. 

The Finance Board uses the 

information contained in the Appointed 

Director Eligibility Certification Form 

and part 915 to determine whether 

prospective and incumbent appointed 

FHLBank directors satisfy the statutory 

and regulatory eligibility requirements. 

The FHLBanks, and where appropriate, 

the Finance Board, use the information 

in the Elected Director Eligibility 

Certification Form and part 915 to 

determine whether elected FHLBank 

directors and director nominees satisfy 

the statutory and regulatory eligibility 

requirements. Only individuals meeting 

these requirements may serve as 

FHLBank directors. See 12 U.S.C. 1427. 

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 October 31, 2004. 

B. Burden Estimate 

The Finance Board estimates that total 

number of respondents is 5010, which 

includes 12 FHLBanks, 4600 FHLBank 

members, and 398 prospective and 

incumbent FHLBank directors. As 

explained below, the Finance Board 

estimates that the total annual hour 

burden for all respondents is 4210 

hours. 

The Finance Board estimates the total 

annual average hour burden for each 

FHLBank to run the election of directors 

and process prospective and incumbent 

Elected Director Eligibility Certification 

Forms is approximately 234 hours. The 

estimate for the average hour burden for 

all FHLBanks is 2809 hours (12 

FHLBanks × approximately 234 hours). 

The Finance Board estimates the total 

annual average hour burden for all 

FHLBank members to participate in the 

director election process is 1150 hours. 

This includes 150 hours for FHLBank 

members to process director nomination 

forms (600 FHLBank members 

processing nomination forms × 0.25 

hours) and 1000 hours for FHLBank 

members to vote in the director election 

(4000 FHLBank voting members × 0.25 

hours). 

The Finance Board estimates the total 

annual average hour burden for all 

FHLBank directors is 251 hours. This 

includes 155 hours for prospective 

FHLBank directors to complete and 

return Director Eligibility Certification 

Forms (206 prospective directors × 1 

response per individual × 0.75 hours). It 

also includes 96 hours for incumbent 

FHLBank directors to complete and 

return Director Eligibility Certification 

Forms or updates, as appropriate (192 

incumbent FHLBank directors × 1 

response per individual × 0.5 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 

July 30, 2004. See 69 FR 45715 (July 30, 

2004). The 60-day comment period 

closed on September 28, 2004. 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 should be submitted to OMB 

in writing at the address listed above.

Dated: September 29, 2004. 

By the Federal Housing Finance Board. 

Mark J. Tenhundfeld, 

General Counsel.

[FR Doc. 04–22286 Filed 10–4–04; 8:45 am] 

BILLING CODE 6725–01–P

FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Bank Holding Company 

Act of 1956 (12 U.S.C. 1841 et seq.) 

(BHC Act), Regulation Y (12 CFR Part 

225), and all other applicable statutes 

and regulations to become a bank 

holding company and/or to acquire the 

assets or the ownership of, control of, or 

the power to vote shares of a bank or 

bank holding company and all of the 

banks and nonbanking companies 

owned by the bank holding company, 

including the companies listed below.

The applications listed below, as well 

as other related filings required by the 

Board, are available for immediate 

inspection at the Federal Reserve Bank 

indicated. The application also will be 

available for inspection at the offices of 

the Board of Governors. Interested 

persons may express their views in 

writing on the standards enumerated in 

the BHC Act (12 U.S.C. 1842(c)). If the