Federal Register / Vol. 74, No. 43 / Friday, March 6, 2009 / Notices 9871 

Commitment for Use Deadline 

Section 1339(h)(4) of the Act states: 

‘‘Amounts made available for grants 

under this section shall be committed 

for use within 2 years of the date of such 

allocation.’’ The CDFJ Fund welcomes 

comments regarding how the term 

‘‘committed’’ should be defined, and 

how it can be verified, for the purposes 

of this requirement. 

Prohibited Uses 

Section 1339(h)(5)–(6) of the Act lists 

prohibited uses with respect to grants 

awarded under this program. 

Are there any additional prohibitions 

or limitations that should be applied? 

For example, there are no stated 

limitations regarding the portions of 

Capital Magnet Fund grants that may be 

retained by the awardee to cover 

operating costs. Should the CDFJ Fund 

permit a set portion of awards to cover 

operating costs? If so, what percentage 

of the funds should be allowed? Should 

awardees be restricted in the level of 

fees they charge to sub recipients/endusers? 

Accountability of Recipients and 

Grantees 

Section 1339(h)(8) of the Act provides 

for accountability standards with 

respect to tracking the use of award 

dollars, as well as remedies in the event 

that an awardee misuses funds. 

The CDFI Fund welcomes comments 

on how to administer awards and 

monitor the deployment of funds 

awarded under the Capital Magnet 

Fund, particularly with respect to the 

following questions: 

(a) What documentation should be 

required to demonstrate that funds 

awarded under the Capital Magnet Fund 

have been committed? 

(b) What types of documentation 

should be required to demonstrate 

completion of projects? 

(c) What types of documentation 

should be required to demonstrate 

satisfaction of the affordability 

requirement related to housing 

developed, preserved, rehabilitated, or 

purchased with the support of Capital 

Magnet Fund awards? 

(d) What support, if any, would 

applicants and awardees like to see from 

the CDFI Fund at the post-award stage? 

(e) What specific industry standards 

for impact measures (units produced, 

percentage of units affordable to lowincome persons; time to complete; etc.) 

should the CDFI Fund adopt for 

evaluating and monitoring projects 

funded under the Capital Magnet Fund? 

General Comments 

The Fund is interested in comments 

regarding the types of affordable 

housing projects or activities for which 

applicants anticipate applying under the 

Capital Magnet Fund. Please detail the 

specific activity (development, 

preservation, rehabilitation, purchase, 

etc.), the populations served by this 

activity, the applicant’s role in the 

activity, the sources of finance used to 

complete each activity, and the 

preferred time frame of grants received 

under the Capital Magnet Fund. 

Authority: 12 U.S.C. 4569. 

Dated: February 27, 2009. 

Donna J. Gambrell. 

Director, Community Development Financial 

Institutions Fund. 

[FR Doc. E9–4648 Filed 3–5–09; 8:45 am] 

BILLING CODE 4810–70–M 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

[Docket ID: OTS–2009–0001] 

Open Meeting of the OTS Minority 

Depository Institutions Advisory 

Committee 

AGENCY: Department of the Treasury, 

Office of Thrift Supervision. 

ACTION: Notice of meeting. 

SUMMARY: The OTS Minority Depository 

Institutions Advisory Committee 

(MDIAC) will convene its first meeting 

on Wednesday, March 25, 2009, in 

Conference Room 6A of the Office of 

Thrift Supervision, 1700 G Street, NW., 

Washington, DC, beginning at 9:30 a.m. 

Eastern Time. The meeting will be open 

to the public. 

DATES: The meeting will be held on 

Wednesday, March 25, 2009, at 9:30 

a.m. Eastern Time. 

ADDRESSES: The meeting will be held at 

the Office of Thrift Supervision, 1700 G 

Street, NW., Washington, DC in 

Conference Room A. The public is 

invited to submit written statements to 

the MDIAC by any one of the following 

methods: 

• E-mail address: 

Commaffairs@ots.treas.gov; or 

• Mail: To Cassandra McConnell, 

Designated Federal Official, Office of 

Thrift Supervision, 1700 G Street, NW., 

Washington, DC 20552 in triplicate. 

The agency must receive statements 

no later than March 18, 2009. 

FOR FURTHER INFORMATION CONTACT: 

Cassandra McConnell, Designated 

Federal Official, (202) 906–5750, Office 

of Thrift Supervision, 1700 G Street, 

NW., Washington, DC 20552. 

SUPPLEMENTARY INFORMATION: By this 

notice, the Office of Thrift Supervision 

is announcing that the OTS Minority 

Depository Institutions Advisory 

Committee will convene its first meeting 

on Wednesday, March 25, 2009, in 

Conference Room 6A at the Office of 

Thrift Supervision, 1700 G Street, NW., 

Washington, DC, beginning at 9:30 a.m. 

Eastern Time. The meeting will be open 

to the public. Because the meeting will 

be held in a secured facility with 

limited space, members of the public 

who plan to attend the meeting, and 

members of the public who require 

auxiliary aid, must contact the Office of 

Community Affairs at 202–906–7891 by 

5 p.m. Eastern Time on Wednesday, 

March 18, 2009, to inform OTS of their 

desire to attend the meeting and to 

provide the information that will be 

required to facilitate entry into the OTS 

building. To enter the building, 

attendees should provide their full 

name, e-mail address, date of birth, 

social security number, organization, 

and country of citizenship. The purpose 

of the meeting is to advise OTS on ways 

to meet the goals established by section 

308 of the Financial Institutions Reform, 

Recovery, and Enforcement Act of 1989 

(FIRREA), Public Law 101–73, Title III, 

103 Stat. 353, 12 U.S.C.A. 1463 note. 

The goals of section 308 are to preserve 

the present number of minority 

institutions, preserve the minority 

character of minority-owned institutions 

in cases involving mergers or 

acquisitions, provide technical 

assistance, and encourage the creation 

of new minority institutions. The 

MDIAC will help OTS meet those goals 

by providing informed advice and 

recommendations regarding a range of 

issues involving minority depository 

institutions. 

Dated: March 3, 2009. 

By the Office of Thrift Supervision. 

Montrice Godard Yakimov, 

Managing Director, Compliance and 

Consumer Protection. 

[FR Doc. E9–4814 Filed 3–3–09; 4:15 pm] 

BILLING CODE 6720–01–P 

U.S.-CHINA ECONOMIC AND 

SECURITY REVIEW COMMISSION 

Notice of Open Public Hearing 

AGENCY: U.S.-China Economic and 

Security Review Commission. 

ACTION: Notice of open public hearing— 

March 24, 2009, Washington, DC. 

SUMMARY: Notice is hereby given of the 

following hearing of the U.S.-China 

Economic and Security Review 

Commission. 

mstockstill on PROD1PC66 with NOTICES

9872 Federal Register / Vol. 74, No. 43 / Friday, March 6, 2009 / Notices 

Name: Carolyn Bartholomew, 

Chairman of the U.S.-China Economic 

and Security Review Commission. 

The Commission is mandated by 

Congress to investigate, assess, and 

report to Congress annually on ‘‘the 

national security implications of the 

economic relationship between the 

United States and the People’s Republic 

of China.’’ 

Pursuant to this mandate, the 

Commission will hold a public hearing 

in Washington, DC on March 24, 2009 

to address ‘‘China’s Industrial Policy 

and its Impact on U.S. Companies, 

Workers, and the American Economy.’’ 

Background 

This event is the third in a series of 

public hearings the Commission will 

hold during its 2009 report cycle to 

collect input from leading academic, 

industry, and government experts on 

national security implications of the 

U.S. bilateral trade and economic 

relationship with China. The March 24 

hearing will examine the China’s pillar 

and strategic industries, China’s use of 

incentives to attract investment into its 

pillar and strategic industries, China’s 

telecommunications and information 

technology (IT) industries, and China’s 

nanotechnology and optoelectronics 

industries. 

The March 24 hearing will be Cochaired by Commissioners Patrick A. 

Mulloy and Daniel M. Slane. 

Information on hearings, as well as 

transcripts of past Commission hearings, 

can be obtained from the USCC Web 

Site http://www.uscc.gov. 

Copies of the hearing agenda will be 

made available on the Commission’s 

Web Site http://www.uscc.gov as soon as 

available. Any interested party may file 

a written statement by March 24, 2009, 

by mailing to the contact below. On 

March 24, the hearing will be held in 

two sessions, one in the morning and 

one in the afternoon. A portion of each 

panel will include a question and 

answer period between the 

Commissioners and the witnesses. 

DATE AND TIME: Tuesday, March 24, 

2009, 8:15 a.m. to 5:15 p.m. Eastern 

Standard Time. A detailed agenda for 

the hearing will be posted to the 

Commission’s Web site at http:// 

www.uscc.gov in the near future. 

ADDRESSES: The address will be posted 

to the USCC Web Site http:// 

www.uscc.gov as soon as a hearing room 

is assigned. 

FOR FURTHER INFORMATION CONTACT: Any 

member of the public wishing further 

information concerning the hearing 

should contact Kathy Michels, Associate 

Director for the U.S.-China Economic 

and Security Review Commission, 444 

North Capitol Street, NW., Suite 602, 

Washington DC 20001; phone: 202–624– 

1409, or via e-mail at 

kmichels@uscc.gov. 

Authority: Congress created the U.S.-China 

Economic and Security Review Commission 

in 2000 in the National Defense 

Authorization Act (Pub. L. 106–398), as 

amended by Division P of the Consolidated 

Appropriations Resolution, 2003 (Pub. L. 

108–7), as amended by Public Law 109–108 

(November 22, 2005). 

Dated: March 3, 2009. 

Kathleen J. Michels, 

Associate Director, U.S.-China Economic and 

Security Review Commission. 

[FR Doc. E9–4774 Filed 3–5–09; 8:45 am] 

BILLING CODE 1137–00–P 

mstockstill on PROD1PC66 with NOTICES