Federal Register / Vol. 71, No. 194 / Friday, October 6, 2006 / Notices 59113 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Sunshine Act Meeting; Notice of 

Agency Meeting 

Pursuant to the provisions of the 

‘‘Government in the Sunshine Act’’ (5 

U.S.C. 552b), notice is hereby given that 

at 10:30 a.m. on Tuesday, October 10, 

2006, the Federal Deposit Insurance 

Corporation’s Board of Directors will 

meet in closed session, pursuant to 

section 552b(c)(2), (c)(4), (c)(6), (c)(8), 

(c)(9)(A)(ii), (c)(9)(B), and (c)(10) Title 5, 

United States Code, to consider matters 

relating to the Corporation’s supervisory 

and corporate activities. 

The meeting will be held in the Board 

Room on the sixth floor of the FDIC 

Building located at 550-17th Street, 

NW., Washington, DC. 

Requests for further information 

concerning the meeting may be directed 

to Mr. Robert E. Feldman, Assistant 

Executive Secretary of the Corporation, 

at (202) 898–7122. 

Dated: October 3, 2006. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 06–8545 Filed 10–3–06; 4:18 pm] 

BILLING CODE 6714–01–M 

FEDERAL HOUSING FINANCE BOARD 

[No. 2006–N–06] 

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) 

is submitting the information collection 

entitled ‘‘Affordable Housing Program 

(AHP)’’ to the Office of Management and 

Budget (OMB) for review and approval 

of a 3 year extension of the OMB control 

number, 3069–0006, which is due to 

expire on July 31, 2007. 

DATES: Interested persons may submit 

comments on or before November 6, 

2006. 

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 CONTACT: For 

further information or copies of the 

information collection contact: Charles 

E. McLean, Associate Director, 

mcleanc@fhfb.gov, 202–408–2537, or 

Deattra D. Perkins, Community 

Development Specialist, 

perkinsd@fhfb.gov, 202–408–2527, both 

of the Supervisory and Regulatory 

Policy Division of the Office of 

Supervision. You also can contact staff 

by regular mail to the Federal Housing 

Finance Board, 1625 Eye Street, NW., 

Washington, DC 20006. 

SUPPLEMENTARY INFORMATION: 

A. Need For and Use of the Information 

Collection 

Section 10(j) of the Federal Home 

Loan Bank Act (Bank Act) (12 U.S.C. 

1430(j)), requires the Finance Board to 

promulgate regulations under which 

each of the 12 Federal Home Loan 

Banks (Banks) must establish an 

Affordable Housing Program to make 

subsidized advances to members 

engaged in lending for long term, lowand moderate-income, owner-occupied 

and affordable rental housing at 

subsidized interest rates. See 12 U.S.C. 

1430(j). Section 10(j) also establishes the 

standards and requirements for making 

subsidized AHP advances to Bank 

members. Part 951 of the Finance Board 

regulations implements the statutory 

requirements and authorizes the Banks 

to make AHP funding decisions. See 12 

CFR part 951. 

On August 9, 2006, the Board of 

Directors of the Finance Board moved 

the AHP data requirements from part 

951 into its Data Reporting Manual 

(DRM). See Resolution Number 2006–13 

(available electronically in the Finance 

Board’s FOIA Reading Room: http:// 

www.fhfb.gov/Default.aspx?Page=59&

ListCategory=9#9). The Banks use AHP 

data collection contained in the DRM to 

determine whether an AHP applicant 

satisfies the statutory and regulatory 

requirements to receive subsidized 

advances or direct subsidies under the 

AHP. The Finance Board uses the 

information to ensure that Bank funding 

decisions, and the use of the funds 

awarded, are consistent with statutory 

and regulatory requirements. 

The OMB control number for the 

information collection is 3069–0006. 

The OMB clearance for the information 

collection expires on July 31, 2007. The 

likely respondents include Bank 

members and applicants for AHP 

funding. 

B. Burden Estimate 

In April 2005, the Finance Board 

provided notice in the Federal Register 

concerning the burden for the seven 

different facets of the AHP information 

collection—AHP applications, AHP 

modification requests, AHP monitoring 

agreements, AHP recapture agreements, 

homeownership assistance program 

applications, verifications of statutory 

and regulatory compliance at the time of 

subsidy disbursement, and Bank 

Advisory Council Reports and 

recommendations on AHP 

Implementation Plans. See 70 FR 21411 

(April 26, 2005). The 60-day comment 

period closed on June 27, 2005. The 

Finance Board received one comment, 

which supported establishment of 

consistent data reporting requirements 

for the AHP. 

Following publication of the notice, 

the Finance Board moved the AHP data 

requirements from part 951 into its DRM 

and adopted a final rule amending the 

AHP regulation by removing 

prescriptive requirements, clarifying 

certain operational requirements, 

providing additional discretionary 

authority in certain areas, removing 

certain authorities, and otherwise 

streamlining and reorganizing the 

regulation. That final rule is published 

elsewhere in this issue of the Federal 

Register. These actions have affected the 

burden estimates for the information 

collection. The estimate for the total 

hour burden for applicant and member 

respondents for all 7 facets of the AHP 

information collection is 72,113 hours, 

reflecting an increase of 9,075 hours. 

The revised burden estimates are 

discussed below: 

1. AHP Applications 

The Finance Board estimates a total 

annual average of 2,050 applicants for 

AHP funding, with 1 response per 

applicant, and a 24 hour average 

processing time for each application. 

The estimate for the total annual hour 

burden for AHP applications is 49,200 

hours (2,050 applicants × 1 application 

× 24 hours). 

2. AHP Modification Requests 

The Finance Board estimates a total 

annual average of 150 modification 

requests, with 1 response per requestor, 

and a 2.5 hour average processing time 

for each request. The estimate for the 

total annual hour burden for AHP 

modification requests is 375 hours (150 

requestors × 1 request × 2.5 hours). 

3. AHP Monitoring Agreements 

The Finance Board estimates a total 

annual average of 825 AHP monitoring 

agreements, with 1 agreement per 

respondent. The estimate for the average 

hours to implement each AHP 

monitoring agreement and prepare and 

review required reports and 

certifications is 4.5 hours. The estimate 

for the total annual hour burden for 


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59114 Federal Register / Vol. 71, No. 194 / Friday, October 6, 2006 / Notices 

AHP monitoring agreements is 3,713 

hours (825 respondents × 1 agreement × 

4.5 hours). 

4. AHP Recapture Agreements 

The Finance Board estimates a total 

annual average of 825 AHP recapture 

agreements, with 1 agreement per 

respondent. The estimate for the average 

hours to prepare and implement an AHP 

recapture agreement is 1 hour. The 

estimate for the total annual hour 

burden for AHP recapture agreements is 

825 hours (825 respondents × 1 

agreement × 1 hour). 

5. Homeownership Assistance Program 

Applications 

The Finance Board estimates a total 

annual average of 8,000 homeownership 

assistance program applications, with 1 

application per respondent, and a 2 

hour average processing time for each 

application. The number of 

homeownership applications has 

increased from 2,400 to 8,000 due to 

demand for downpayment/closing cost 

assistance by households residing in the 

United States. The estimate for the total 

annual hour burden for homeownership 

assistance program applications is 

16,000 hours (8,000 respondents × 1 

application × 2 hours). 

6. Verification of Statutory and 

Regulatory Compliance Submissions 

The Finance Board estimates a total 

annual average of 2,000 submissions to 

verify compliance with statutory and 

regulatory requirements with 1 

submission per respondent. The 

estimate for the average hours to review 

database records for completeness and 

accuracy prior to submission and 

validation is 1 hour. The estimate for 

the total annual hour burden for 

verification of compliance submissions 

is 2,000 hours (2,000 respondents × 1 

submission × 1 hour). 

7. Bank Advisory Council Reports and 

Recommendations on AHP 

Implementation Plan 

Member and applicant respondents 

incur no costs because the Bank 

Advisory Councils prepare and the 

Banks and Finance Board review 

Advisory Council reports and 

recommendations. 

C. Comment Request 

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 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 applicants and housing 

associates, including through the use of 

automated collection techniques or 

other forms of information technology. 

Comments may be submitted to OMB in 

writing at the address listed above. 

Dated: September 29, 2006. 

By the Federal Housing Finance Board. 

Neil R. Crowley, 

Deputy General Counsel. 

[FR Doc. 06–8493 Filed 10–5–06; 8:45 am] 

BILLING CODE 6725–01–P 

FEDERAL HOUSING FINANCE BOARD 

Sunshine Act Meeting Notice; 

Announcing a Partially Open Meeting 

of the Board of Directors 

TIME AND DATE: The open meeting of the 

Board of Directors is scheduled to begin 

at 10 a.m. on Wednesday, October 11, 

2006. The closed portion of the meeting 

will follow immediately the open 

portion of the meeting. 

PLACE: Board Room, First Floor, Federal 

Housing Finance Board, 1625 Eye 

Street, NW., Washington, DC 2006. 

STATUS: The first portion of the meeting 

will be open to the public. The final 

portion of the meeting will be closed to 

the public. 

MATTERS TO BE CONSIDERED AT THE OPEN

PORTION: 

Appointments to the Financing 

Corporation (FICO) Directorate. 

Enhancing Protections for Personally 

Identifiable Information. 

Modification of Data Reporting 

Requirements for the Call Report 

System. 

Amendment to the Capital Structure 

Plan of the Federal Home Loan Bank of 

Seattle. 

MATTER TO BE CONSIDERED AT THE CLOSED

PORTION: 

Periodic Update of Examination 

Program Development and Supervisory 

Findings. 

CONTACT PERSON FOR MORE INFORMATION: 

Sheila Willis, Paralegal Specialist, 

Office of General Counsel, at 202–408–

2876 or williss@fhfb.gov. 

Dated: October 4, 2006. 

By the Federal Housing Finance Board. 

John P. Kennedy, 

General Council. 

[FR Doc. 06–8582 Filed 10–4–06; 3:55 pm] 

BILLING CODE 6725–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisition of Shares of Bank or Bank 

Holding Companies 

The notificants listed below have 

applied under the Change in Bank 

Control Act (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire a bank or bank 

holding company. The factors that are 

considered in acting on the notices are 

set forth in paragraph 7 of the Act (12 

U.S.C. 1817(j)(7)). 

The notices are available for 

immediate inspection at the Federal 

Reserve Bank indicated. The notices 

also will be available for inspection at 

the office of the Board of Governors. 

Interested persons may express their 

views in writing to the Reserve Bank 

indicated for that notice or to the offices 

of the Board of Governors. Comments 

must be received not later than October 

24, 2006. 

A. Federal Reserve Bank of Atlanta 

(Andre Anderson, Vice President) 1000 

Peachtree Street, N.E., Atlanta, Georgia 

30309: 

1.Gloria Bienvenu Callais, Charles 

Michael Callais, Corey Joseph Calais, 

Paul Abdon Callais, and Peter Wade 

Callais, to acquire additional shares of 

United Community Bancshares, Inc. and 

thereby indirectly acquire voting shares 

of United Community Bank, both of 

Gonzales, Louisina. 

Board of Governors of the Federal Reserve 

System, October 3, 2006. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. E6–16562 Filed 10–5–06; 8:45 am] 

BILLING CODE 6210–01–S 

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 


cprice-sewell on PROD1PC66 with NOTICES