33788 Federal Register / Vol. 87, No. 107 / Friday, June 3, 2022 / Notices 

1See 12 U.S.C. 1430b; 12 CFR 1264.3. 

2See 12 CFR 1264.4. 

3See 12 CFR 1264.5. 

4See 12 CFR 1264.6. 

5See 12 CFR 1266.17. 6See 87 FR 12168 (March 3, 2022). 

Angela.Supervielle@fhfa.gov, (202) 649– 

3973 (these are not toll-free numbers); 

Federal Housing Finance Agency, 400 

Seventh Street SW, Washington, DC 

20219. For TTY/TRS users with hearing 

and speech disabilities, dial 711 and ask 

to be connected to any of the contact 

numbers above. 

SUPPLEMENTARY INFORMATION: 

A. Need For and Use of the Information 

Collection 

Section 10b of the Federal Home Loan 

Bank Act (Bank Act) establishes the 

requirements for making Federal Home 

Loan Bank (Bank) advances (secured 

loans) to nonmember mortgagees, which 

are referred to as ‘‘Housing Associates’’ 

in FHFA’s regulations.1 Section 10b also 

establishes the eligibility requirements 

an applicant must meet in order to be 

certified as a Housing Associate. 

Part 1264 of FHFA’s regulations 

implements the statutory eligibility 

requirements and establishes uniform 

review criteria the Banks must use in 

evaluating applications from entities 

that wish to be certified as a Housing 

Associate. Specifically, § 1264.4 

implements the statutory eligibility 

requirements and provides guidance to 

an applicant on how it may satisfy those 

requirements.2 Section 1264.5 

authorizes the Banks to approve or deny 

all applications for certification as a 

Housing Associate, subject to the 

statutory and regulatory requirements.3

Section 1264.6 permits an applicant that 

has been denied certification by a Bank 

to appeal that decision to FHFA.4

In part 1266 of FHFA’s regulations, 

subpart B governs Bank advances to 

Housing Associates that have been 

approved under part 1264. Section 

1266.17 establishes the terms and 

conditions under which a Bank may 

make advances to Housing Associates.5

Specifically, § 1266.17(e) imposes a 

continuing obligation on each certified 

Housing Associate to provide 

information necessary for the Bank to 

determine if it remains in compliance 

with applicable statutory and regulatory 

requirements, as set forth in part 1264. 

The OMB control number for the 

information collection, which expires 

on June 30, 2022, is 2590–0001. The 

likely respondents include entities 

applying to be certified as a Housing 

Associate and current Housing 

Associates. 

B. Burden Estimates 

FHFA estimates the total annualized 

hour burden imposed upon respondents 

by this information collection to be 314 

hours (14 hours for applicants + 300 

hours for current Housing Associates), 

based on the following calculations: 

I. Applicants 

FHFA estimates that the total annual 

average number of entities applying to 

be certified as a Housing Associate over 

the next three years will be one, with 

one response per applicant. The 

estimate for the average hours per 

application is 14 hours. Therefore, the 

estimate for the total annual hour 

burden for all applicants is 14 hours (1 

applicant × 1 response per applicant × 

14 hours = 14 hours). 

II. Current Housing Associates 

FHFA estimates that the total annual 

average number of existing Housing 

Associates over the next three years will 

be 75, with one response per Housing 

Associate required to comply with the 

regulatory reporting requirements. The 

estimate for the average hours per 

response is 4 hours. Therefore, the 

estimate for the total annual hour 

burden for current Housing Associates 

is 300 hours (75 certified Housing 

Associates × 1 response per associate × 

4 hours = 300 hours). 

C. Comments Request 

In accordance with the requirements 

of 5 CFR 1320.8(d), FHFA published an 

initial notice and request for public 

comments regarding this information 

collection in the Federal Register on 

March 3, 2022.6 The 60-day comment 

period closed on May 2, 2022. FHFA 

received no comments. 

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 

FHFA’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. 

Shawn Bucholtz, 

Chief Data Officer, Federal Housing Finance 

Agency. 

[FR Doc. 2022–11894 Filed 6–2–22; 8:45 am] 

BILLING CODE 8070–01–P 

FEDERAL MEDIATION AND 

CONCILIATION SERVICE 

Notice of Stakeholder Survey for 

Qualitative Feedback on Agency 

Service Delivery 

AGENCY: Federal Mediation and 

Conciliation Service (FMCS). 

ACTION: 30-Day notice and request for 

comments. 

SUMMARY: The Federal Mediation and 

Conciliation Service (FMCS) invites the 

general public and other Federal 

Agencies to take this opportunity to 

comment on the following information 

collection request, Stakeholder Survey 

for Qualitative Feedback on Agency 

Service Delivery. This information 

collection request was previously 

approved by the Office of Management 

Budget (OMB) and FMCS is requesting 

a revision of a currently approved 

collection. This collection was 

developed as part of a Federal 

Government-wide effort to streamline 

the process for seeking feedback from 

the public on service delivery. 

DATES: Comments must be submitted on 

or before July 5, 2022. 

ADDRESSES: You may submit comments, 

identified by Stakeholder Survey for 

Qualitative Feedback on Agency Service 

Delivery, through one of the following 

methods: 

• Email: register@fmcs.gov; 

• Mail: Office of the General Counsel, 

One Independence Square, 250 E Street 

SW, Washington, DC 20427. Please note 

that at this time, mail is sometimes 

delayed. Therefore, we encourage 

emailed comments. 

FOR FURTHER INFORMATION CONTACT: 

Joshua Flax, 202–606–5476, jflax@

fmcs.gov. 

SUPPLEMENTARY INFORMATION: Copies of 

the agency questions are available here. 

I. Information Collection Request 

Agency: Federal Mediation and 

Conciliation Service. 

Form Number: OMB No. 3076–0017. 

Type of Request: Revision of a 

currently approved collection. 

Affected Entities: Federal government 

and private sector. 

Frequency: This survey is completed 

once. 

Abstract: This information collection 

provides a means to garner qualitative 

client and stakeholder feedback in an 

efficient, timely manner, in accordance 

with the Administration’s commitment 

to improving service delivery. This 

feedback will provide insights into 

client or stakeholder perceptions, 

experiences, and expectations. The 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 87, No. 107 / Friday, June 3, 2022 / Notices 33789 

1 12 U.S.C. 225a. 

2 12 U.S.C. 263. 

surveys will provide notice of issues 

with service, or focus attention on areas 

where communication, training or 

changes in operations might improve 

delivery of products or services. The 

surveys are not statistical surveys that 

yield quantitative results that can be 

generalized to the population of study. 

These collections will allow for 

ongoing, collaborative, and actionable 

communications between the Agency 

and its clients and stakeholders. It will 

also allow feedback to contribute 

directly to improve program 

management. Responses will be 

assessed to plan and inform efforts to 

improve or maintain the quality of 

service offered to the public. Collecting 

this information is critical for ensuring 

quality service offered to the public. 

Burden: FMCS receives 

approximately 7,100 responses per year 

and the time required is approximately 

one minute. 

II. Request for Comments 

FMCS solicits comments to: 

i. Evaluate whether the proposed 

collections of information are necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility. 

ii. Enhance the accuracy of the 

agency’s estimates of the burden of the 

proposed collection of information. 

iii. Enhance the quality, utility, and 

clarity of the information to be 

collected. 

iv. Minimize the burden of the 

collections of information on those who 

are to respond, including the use of 

appropriate automated, electronic 

collection technologies or other forms of 

information technology. 

III. 60-Day Comment Period 

This information was previously 

published in the Federal Register on 

March 30, 2022, allowing for a 60-day 

public comment period under 

Document 2022–06658 at 87 FR 18370. 

FMCS received no comments. 

IV. The Official Record 

The official records are electronic 

records. 

List of Subjects 

Labor-Management Relations. 

Dated: May 31, 2022. 

Anna Davis, 

Acting General Counsel. 

[FR Doc. 2022–11952 Filed 6–2–22; 8:45 am] 

BILLING CODE 6732–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, without revision, the Semiannual 

Report of Derivatives Activity (FR 2436; 

OMB No. 7100–0286). 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551, (202) 

452–3829. 

Office of Management and Budget 

(OMB) Desk Officer for the Federal 

Reserve Board, Office of Information 

and Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, Room 10235, 

725 17th Street NW, Washington, DC 

20503, or by fax to (202) 395–6974. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. The OMB 

inventory, as well as copies of the PRA 

Submission, supporting statements, and 

approved collection of information 

instrument(s) are available at https://

www.reginfo.gov/public/do/PRAMain. 

These documents are also available on 

the Federal Reserve Board’s public 

website at https://

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears above. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Collection title: Semiannual Report of 

Derivatives Activity. 

Collection identifier: FR 2436. 

OMB control number: 7100–0286. 

Frequency: Semiannually. 

Respondents: U.S. dealers of over-thecounter (OTC) derivatives. 

Estimated number of respondents: 8. 

Estimated average hours per response: 

236. 

Estimated annual burden hours: 

3,776. 

General description of report: The FR 

2436 collects derivatives market 

statistics from the eight largest U.S. 

dealers of OTC derivatives. Data are 

collected on the notional amounts and 

gross fair values of the volumes 

outstanding of broad categories of 

foreign exchange, interest rate, equity, 

commodity-linked, and credit default 

swap OTC derivatives contracts across a 

range of underlying currencies, interest 

rates, and equity markets. 

The FR 2436 is the U.S. portion of a 

global data collection conducted by 

central banks. The Bank for 

International Settlements (BIS), of 

which the Board is a member, compiles 

aggregate national data from each 

central bank to produce and publish 

global market statistics. The BIS survey 

has two parts: A Derivatives 

Outstanding survey and a Turnover 

(volume of transactions) survey. The FR 

2436 fulfills the Derivatives Outstanding 

portion and complements the triennial 

Central Bank Survey of Foreign 

Exchange and Derivatives Market 

Activity (FR 3036; OMB No. 7100– 

0285), which collects data on 

derivatives turnover for the Turnover 

portion of the survey. 

Legal authorization and 

confidentiality: The FR 2436 is 

authorized pursuant to sections 2A and 

12A of the Federal Reserve Act (FRA). 

Section 2A of the FRA requires that the 

Board and the Federal Open Market 

Committee (FOMC) maintain long-run 

growth of the monetary and credit 

aggregates commensurate with the 

economy’s long run potential to increase 

production, so as to promote effectively 

the goals of maximum employment, 

stable prices, and moderate long-term 

interest rates.1 Under section 12A of the 

FRA, the FOMC is required to 

implement regulations relating to the 

open market operations conducted by 

Federal Reserve Banks. Those 

transactions must be governed with a 

view to accommodating commerce and 

business and with regard to their 

bearing upon the general credit situation 

of the country.2 The Board and the 

FOMC use the information obtained 

from the FR 2436 to help fulfill these 

obligations. The FR 2436 is voluntary. 

Aggregated FR 2436 data is compiled 

and forwarded to the BIS, which 

publishes global market statistics that 

are aggregates of national data from the 

Federal Reserve and other central banks. 

To the extent individual firm 

information collected on the FR 2436 


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