5546 Federal Register / Vol. 69, No. 24 / Thursday, February 5, 2004 / Notices 

Estimated Time Per Response: 1–20 

hours. 

Frequency of Response: Annual and 

quarterly reporting requirements, 

recordkeeping requirement and third 

party disclosure requirement. 

Total Annual Burden: 6,677 hours. 

Total Annual Cost: N/A. 

Needs and Uses: Commission rules 

implemented the Coalition for 

Affordable Local and Long Distance 

Service (CALLS) proposal, which 

resolves major outstanding issues 

concerning access charges; the pending 

NPRM to address implicit universal 

service supporting in access charges, the 

X-factor remand, the Low-Volume LongDistance Users NOI, the pending NPRM 

on geographically deaveraging SLC’s 

and the next scheduled price cap 

performance review. The Commission is 

seeking extension (no change) to this 

information collection and is submitting 

it to the OMB for the full three year 

clearance.

Federal Communications Commission. 

Marlene H. Dortch, 

Secretary.

[FR Doc. 04–2529 Filed 2–4–04; 8:45 am] 

BILLING CODE 6712–01–M

FEDERAL HOUSING FINANCE BOARD

[No. 2004–N–01] 

Proposed Collection; 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) 

is seeking public comments concerning 

a three-year extension by the Office of 

Management and Budget (OMB) of the 

information collection entitled 

‘‘Members of the Banks.’’

DATES: Interested persons may submit 

comments on or before April 5, 2004.

ADDRESSES: Send comments by e-mail to 

comments@fhfb.gov, by facsimile to 

(202) 408–2580, or by regular mail to the 

Federal Housing Finance Board, 1777 F 

Street, NW., Washington, DC 20006, 

Attn: Public Comments. Comments will 

be available on the Finance Board Web 

site at http://www.fhfb.gov/pressroom/

pressroom_regs.htm.

FOR FURTHER INFORMATION CONTACT:

Jonathan F. Curtis, Senior Financial 

Analyst, Regulations & Research 

Division, Office of Supervision, by email at curtisj@fhfb.gov, by telephone at 

(202) 408–2866, or by regular mail at the 

Federal Housing Finance Board, 1777 F 

Street, NW., Washington, DC 20006.

SUPPLEMENTARY INFORMATION: 

A. Need for and Use of the Information 

Collection 

Section 4 of the Federal Home Loan 

Bank Act (Bank Act) establishes the 

eligibility requirements an institution 

must meet in order to become a member 

of a Federal Home Loan Bank (Bank). 

See 12 U.S.C. 1424. Part 925 of the 

Finance Board regulations—the 

membership rule—implements section 4 

of the Bank Act. See 12 CFR part 925. 

The membership rule provides uniform 

requirements an applicant for Bank 

membership must meet, and review 

criteria a Bank must apply to determine 

if an applicant satisfies the statutory and 

regulatory membership eligibility 

requirements. 

More specifically, the membership 

rule implements the statutory eligibility 

requirements and provides guidance to 

an applicant on how it may satisfy such 

requirements. The rule authorizes a 

Bank to approve or deny each 

membership application subject to the 

statutory and regulatory requirements 

and permits an applicant to appeal to 

the Finance Board a Bank’s decision to 

deny certification as a Bank member. 

The rule also imposes a continuing 

obligation on a current Bank member to 

provide information necessary to 

determine if it remains in compliance 

with applicable statutory and regulatory 

eligibility requirements. 

The information collection, which is 

contained in sections 925.2 through 

925.31 of the membership rule, 12 CFR 

925.2–925.31, is necessary to enable a 

Bank to determine if a respondent 

satisfies the statutory and regulatory 

requirements to be certified initially and 

maintain its status as a member eligible 

to obtain Bank advances. The Finance 

Board requires and uses the information 

collection to determine whether to 

uphold or overrule a Bank’s decision to 

deny member certification to an 

applicant. 

The OMB number for the information 

collection is 3069–0004. The OMB 

clearance for the information collection 

expires on May 31, 2004. 

The likely respondents are 

institutions that want to be certified as 

or are members of a Bank. 

B. Burden Estimate 

The Finance Board estimates the total 

annual average number of applicants at 

300, with one response per applicant. 

The estimate for the average hours per 

application is 21.5 hours. The estimate 

for the annual hour burden for 

applicants is 6,450 hours (300 

applicants × 1 response per applicant ×

21.5 hours per response). 

The Finance Board estimates the total 

annual average number of maintenance 

respondents, i.e., current Bank 

members, at 8,100, with one response 

per member. The estimate for the 

average hours per maintenance response 

is 0.6 hours. The estimate for the annual 

hour burden for Bank members is 4,860 

hours (8,100 members × 1 response per 

member × 0.6 hours per response). 

The estimate for the total annual hour 

burden for all respondents is 11,310 

hours. 

C. Comment Request 

The Finance Board requests written 

comments on the following: (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.

Dated: January 30, 2004.

By the Federal Housing Finance Board. 

Don Demitros, 

Chief Information Officer.

[FR Doc. 04–2353 Filed 2–4–04; 8:45 am] 

BILLING CODE 6725–01–P

FEDERAL RESERVE SYSTEM

Notice of Proposals to Engage in 

Permissible Nonbanking Activities or 

to Acquire Companies that are 

Engaged in Permissible Nonbanking 

Activities

The companies listed in this notice 

have given notice under section 4 of the 

Bank Holding Company Act (12 U.S.C. 

1843) (BHC Act) and Regulation Y (12 

CFR Part 225) to engage de novo, or to 

acquire or control voting securities or 

assets of a company, including the 

companies listed below, that engages 

either directly or through a subsidiary or 

other company, in a nonbanking activity 

that is listed in § 225.28 of Regulation Y 

(12 CFR 225.28) or that the Board has 

determined by Order to be closely 

related to banking and permissible for 

bank holding companies. Unless 

otherwise noted, these activities will be 

conducted throughout the United States.

Each notice is available for inspection 

at the Federal Reserve Bank indicated.