Federal Register / Vol. 74, No. 146 / Friday, July 31, 2009 / Notices 38191 

Information Collection Contact: David 

L. Roderer, Senior Financial Analyst at 

202–408–2540 (not a toll-free number), 

david.l.roderer@fhfa.gov. The telephone 

number for the Telecommunications 

Device for the Deaf is 800–877–8339. 

SUPPLEMENTARY INFORMATION: 

A. Need For and Use of the Information 

Collection 

The FHFA has authorized the Federal 

Home Loan Banks (Banks) to acquire 

mortgage loans and other assets from 

their members or housing associates 

under certain circumstances. 12 CFR 

part 955. The regulation refers to these 

assets as acquired member assets or 

AMA. As part of this regulatory 

authorization, each Bank that acquires 

residential mortgage loans must provide 

to the FHFA certain loan-level data on 

a quarterly basis. The reporting 

requirements, which previously were in 

12 CFR part 955 (specifically, section 

955.4 and Appendices A and B), 

currently are contained in the FHFA 

Data Reporting Manual (DRM). The 

FHFA uses this data to monitor the 

safety and soundness of the Banks and 

the extent to which the Banks are 

fulfilling their statutory housing finance 

mission through their AMA programs. 

See 12 U.S.C. 1422a(a), repealed by 

section 1204 of the Housing and 

Economic Recovery Act of 2008 (HERA) 

and replaced with section 1312 of the 

Federal Housing Enterprises Financial 

Safety and Soundness Act of 1992, as 

amended (July 30, 2008). 

While the Banks provide the AMA 

data directly to the FHFA, each Bank 

initially must collect the information 

from the private-sector member or 

housing associate from which the Bank 

acquires the mortgage loan. Bank 

members and housing associates already 

collect the vast majority of the data the 

FHFA requires in order to do business 

with the Federal National Mortgage 

Association (Fannie Mae) and the 

Federal Home Loan Mortgage 

Corporation (Freddie Mac) under 

regulatory requirements issued by the 

Department of Housing and Urban 

Development (HUD) and pursuant to the 

data collection requirements under the 

Home Mortgage Disclosure Act (HMDA). 

Thus, the FHFA’s information collection 

imposes only a minor incremental 

additional burden on Bank members 

and housing associates. 

The OMB control number for the 

information collection, which expires 

on August 31, 2009, is 2590–0008. The 

likely respondents are institutions that 

sell AMA assets to Banks. 

B. Burden Estimate 

The FHFA estimates that the hour 

burden associated with the AMA 

collection is little changed. More 

institutions are participating in the 

AMA program, but the average report 

size has gone down dramatically. The 

FHFA estimates the total annual average 

number of respondents at 750, with 4 

responses per respondent. The estimate 

for the average hours per response is 12 

hours. The estimate for the total annual 

hour burden is 36,000 hours (750 

respondents × 4 responses per 

respondent × 12 hours). 

Bank members could incur additional 

one-time costs to be able to collect and 

report additional loan-level data 

elements. The FHFA estimates this 

additional, one-time cost at $150,000 

($2,000 × 750 members). 

C. Comment Request 

In accordance with 5 CFR 1320.8(d), 

the FHFA published a request for public 

comments regarding this information 

collection in the Federal Register on 

May 28, 2009. See 74 FR 25538. The 60- 

day comment period closed on July 27, 

2009. The FHFA received no public 

comments. 

The FHFA requests written comments 

on the following: (1) Whether the 

collection of information is necessary 

for the proper performance of FHFA 

functions, including whether the 

information has practical utility; (2) the 

accuracy of the FHFA estimates of the 

burdens of the collection of information, 

including whether the agency used 

valid methods and assumptions; (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, including 

through the use of automated collection 

techniques or other forms of information 

technology and including whether the 

agency should expand the electronic 

reporting options for respondents. 

Comments may be submitted to OMB in 

writing at the e-mail address and fax 

number listed above. 

Dated: July 27, 2009. 

James B. Lockhart III, 

Director, Federal Housing Finance Agency. 

[FR Doc. E9–18381 Filed 7–30–09; 8:45 am] 

BILLING CODE 8070–01–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 applications 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 

proposal also involves the acquisition of 

a nonbanking company, the review also 

includes whether the acquisition of the 

nonbanking company complies with the 

standards in section 4 of the BHC Act 

(12 U.S.C. 1843). Unless otherwise 

noted, nonbanking activities will be 

conducted throughout the United States. 

Additional information on all bank 

holding companies may be obtained 

from the National Information Center 

website at www.ffiec.gov/nic/. 

Unless otherwise noted, comments 

regarding each of these applications 

must be received at the Reserve Bank 

indicated or the offices of the Board of 

Governors not later than August 24, 

2009. 

A. Federal Reserve Bank of 

Minneapolis (Jacqueline G. King, 

Community Affairs Officer) 90 

Hennepin Avenue, Minneapolis, 

Minnesota 55480–0291: 

1. State Bank of Hawley Employee 

Stock Ownership Plan and Trust, 

Hawley, Minnesota; to acquire 

additional voting shares, for a total of 

51.9 percent, of the voting shares of 

Bankshares of Hawley, Inc., Hawley, 

Minnesota, and thereby indirectly 

acquire additional voting shares of State 

Bank of Hawley, Hawley, Minnesota. 

Board of Governors of the Federal Reserve 

System, July 27, 2009. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. E9–18277 Filed 7–30–09; 8:45 am] 

BILLING CODE 6210–01–S 

FEDERAL MARITIME COMMISSION 

Notice of Agreements Filed 

The Commission hereby gives notice 

of the filing of the following agreements 


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