Federal Register / Vol. 70, No. 211 / Wednesday, November 2, 2005 / Notices 66413 

1The definition of: ‘‘County’’ was changed from 

the county name to the 3-digit Federal Information 

Processing Standard (FIPS) code for the county; 

‘‘PMI Percent’’ was changed from percent of private 

mortgage insurance to percent of primary mortgage 

insurance, including mortgages insured by 

government agencies; ‘‘Credit Enhancement’’ was 

changed from the numeric code indicating the type 

of credit enhancement to the dollar value of the 

calculated loan-level credit enhancement; 

‘‘Prepayment Penalty Terms’’ was changed to 

‘‘Prepayment Penalty Date’’ and defined as the date 

that the application of the prepayment penalty 

ends; ‘‘Default Status’’ was changed to 

‘‘Delinquency Status’’ and represents the 

delinquency status of the loan at the end of the 

reporting period; and ‘‘Interest Rate’’ was defined 

as the note rate on the loan at the time of loan 

origination. 2 ‘‘Pool Rating’’ for the letter credit rating of the 

loan pool was added to the loan-level data reporting 

requirement. New variables added for database 

management purposes ere: ‘‘Program Type’’ and 

‘‘Pool Number.’’

2005. See Section 1.4(b)(1) of the 

Commission’s rules (47 CFR 1.4(b)(1)). 

Replies to an opposition must be filed 

within 10 days after the time for filing 

oppositions have expired. 

Subject: In the Matter of Provision of 

Directory Listing Information under the 

Communications Act of 1934, as 

Amended (CC Docket No. 99–273). 

Number of Petitions Filed: 1. 

Marlene H. Dortch, 

Secretary. 

[FR Doc. 05–21729 Filed 11–1–05; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL HOUSING FINANCE BOARD 

[No. 2005–N–08] 

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 

proposed changes to the information 

collection entitled ‘‘Federal Home Loan 

Bank Acquired Member Assets, Core 

Mission Activities, Investments and 

Advances,’’ which has been assigned 

control 3069–0058 by the Office of 

Management and Budget (OMB). The 

Finance Board intends to submit the 

entire information collection, with the 

proposed changes described in this 

Notice, to OMB for review and approval 

of a 3 year extension of the control 

number, which is due to expire on 

March 31, 2007. 

DATES: Interested persons may submit 

comments on or before January 3, 2006. 

Comments: Submit comments by any 

of the following methods: 

E-mail: comments@fhfb.gov. 

Fax: 202–408–2580. 

Mail/Hand Delivery: Federal Housing 

Finance Board, 1625 Eye Street NW., 

Washington DC 20006, ATTENTION: 

Public Comments. 

Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. If 

you submit your comment to the 

Federal eRulemaking Portal, please also 

send it by e-mail to the Finance Board 

at comments@fhfb.gov to ensure timely 

receipt by the agency. 

Include the following information in 

the subject line of your submission: 

Federal Housing Finance Board. 

Proposed Collection; Comment Request: 

Federal Home Loan Bank Acquired 

Member Assets, Core Mission Activities, 

Investments and Advances. 2005–N–08. 

We will post all public comments we 

receive on this notice without change, 

including any personal information you 

provide, such as your name and 

address, on the Finance Board Web site 

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

pressroom_regs.htm. 

FOR FURTHER INFORMATION CONTACT: 

David Roderer, Office of Supervision, by 

telephone at 202–408–2540, by 

electronic mail at rodererd@fhfb.gov, or 

by regular mail at the Federal Housing 

Finance Board, 1625 Eye Street NW., 

Washington DC 20006. 

SUPPLEMENTARY INFORMATION: 

A. Need for and Use of the Information 

Collection 

The Finance Board 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 Finance Board certain loan-level 

data on a quarterly basis. The Finance 

Board 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). 

While the Banks provide the AMA 

data directly to the Finance Board, 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 Finance Board 

requires in order to do business with 

Fannie Mae and Freddie Mac under 

regulatory requirements issued by the 

Department of Housing and Urban 

Development (HUD) and pursuant to the 

information collection requirements 

under the Home Mortgage Disclosure 

Act (HMDA). Thus, the Finance Board’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 March 31, 2007, is 3069–0058. The 

likely respondents are institutions that 

sell AMA assets to Banks. 

B. Proposed Changes to the Information 

Collection 

As part of the reorganization of 

agency reporting requirements, the 

Finance Board plans to move the AMA 

information collection from 12 CFR part 

955 (specifically, section 955.4 and 

Appendices A and B) to the Data 

Reporting Manual (DRM). See 70 FR 

9551 (February 28, 2005). In addition to 

moving the information collection from 

the AMA rule to the DRM, the Finance 

Board is proposing to make the 

following changes to the AMA reporting 

requirements: 

1. Conforming AMA Reporting 

Requirements to Existing Practice 

In consultation with the Banks, the 

Finance Board already has made nonsubstantive changes to the AMA 

reporting requirements including 

refining the definitions of certain 

reporting elements 1 and adding new 

elements to improve database 

management and enhance monitoring.2

The Finance Board also requires the 

Banks to report certain variables for all 

outstanding AMA residential mortgage 

loans, not just for those loans acquired 

during the calendar year, to better track 

performance, including delinquencies, 

of each loan. 

2. Eliminating Data Elements 

Based on analysis of the AMA data 

collected to date, the Finance Board is 

proposing to eliminate sparsely 

populated data fields and data fields the 

utility of which are unwarranted when 

balanced against the collection and 

reporting burden. These fields include 

the geographic indicator ‘‘Place Code’’

and the mortgage identifiers 

‘‘Cooperative Unit Mortgage,’’

‘‘Mortgage Purchased under the Banks’’

Community Investment Cash Advances 

(CICA) Programs’’ (for single-family 

AMA), and ‘‘Bank Real Estate Owned.’’

The Finance Board also proposes 

deleting the data field ‘‘Acquisition 

Type’’ due to the addition of the 

‘‘Program Type’’ data element. 

66414 Federal Register / Vol. 70, No. 211 / Wednesday, November 2, 2005 / Notices 

3These elements are: ‘‘Acquiring Lender 

Institution,’’ ‘‘Acquiring Lender City,’’ ‘‘Acquiring 

Lender State,’’ ‘‘Type of Acquiring Lender 

Institution,’’ ‘‘Census Tract—Percent Minority,’’

‘‘Census Tract—Median Income,’’ ‘‘Local Area 

Median Income,’’ ‘‘Tract Income Ratio,’’ ‘‘Area 

Median Family Income,’’ ‘‘Borrower Income Ratio,’’

‘‘Unit—Affordable Category,’’ ‘‘Unit Type XX—

Affordability Level’’ (for multi-family AMA), and 

‘‘Geographically Targeted Indicator.’’

4The new data element ‘‘Pool Credit 

Enhancement’’ would replace the current data 

element ‘‘Credit Enhancement,’’ which itself has 

been redefined since the current rule was adopted. 

See n.1. The Finance Board has effectively been 

collecting pool-level credit enhancement values 

because it aggregates the loan-level credit 

enhancement values currently collected. Standing 

alone, however, the loan-level credit enhancement 

values are not as meaningful as the pool-level 

values, and the Finance Board, therefore, is 

proposing to collect the pool-level values directly. 

To avoid duplication, the Finance 

Board is proposing to require reporting 

of loan-level data on the loan, borrower, 

and property characteristics only at the 

end of the calendar quarter in which the 

loan is acquired. Currently, the Banks 

must report this data twice—in the loanlevel report for the acquisition quarter 

and the fourth quarter. 

3. Reducing Reporting Burden 

To reduce the reporting burden, the 

Finance Board is proposing to require 

submission of loan-level data, which the 

Banks already collect and maintain, 

instead of aggregate data reports. The 

Finance Board also proposes 

eliminating data elements the agency 

collects through the membership 

database and directly from HUD, 

specifically the elements that describe 

the acquiring lender or member selling 

the AMA to the Bank and that contain 

census level demographic information 

related to the property.3 To facilitate 

collection through the membership 

database, the Finance Board is 

proposing to add one new data 

element—the ‘‘Federal Housing Finance 

Board Identification (FHFBID) 

Number.’’

To reduce reporting redundancy, the 

Finance Board proposes a separate poollevel data report instead of reporting 

pool variables in the loan-level data 

report. In addition to streamlining poollevel data reporting, the proposed 

changes would require the Banks to 

provide a quarterly update on loan 

pools so the Finance Board can monitor 

changes in the credit quality of pools 

and estimated or actual credit 

enhancements, which are important 

safety and soundness considerations. 

The pool-level report would include: 

‘‘Bank District Flag,’’ ‘‘Pool Number,’’

12 variables representing ‘‘Participation 

Percentages’’ of each of the 12 Banks in 

the pool, and 4 variables representing 

information on the pool credit 

enhancement and credit rating—‘‘Pool 

Rating,’’ ‘‘Pool Credit Enhancement,’’ 4

‘‘Recalculated Pool Rating,’’ and 

‘‘Recalculated Credit Enhancement.’’

4. Adding New Data Elements 

The Finance Board is proposing to 

add several new fields to comply with 

revised federal data standards for 

classifying race and ethnicity. See 62 FR 

58782 (October 30, 1997). The current 

data fields, ‘‘Borrower Race or National 

Origin’’ and ‘‘Co-Borrower Race or 

National Origin,’’ would be separately 

collected and reported as ‘‘Borrower 

Ethnicity,’’ ‘‘Co-Borrower Ethnicity,’’

‘‘Borrower Race,’’ and ‘‘Co-Borrower 

Race.’’

To better track and model prepayment 

and default rates of AMA, the Finance 

Board proposes adding new loan-level 

data elements: ‘‘Type of Credit Score;’’

‘‘Adjustment Frequency;’’ ‘‘Negative 

Amortization;’’ ‘‘Current Unpaid 

Principal Balance;’’ ‘‘Current Coupon;’’

and ‘‘Loan Amount’’ (for multi-family 

AMA); and redefining ‘‘Borrower Credit 

Score’’ and ‘‘Co-Borrower Credit Score’’

to include, in addition to the Fair, 

Isaacs, Co. (FICO) score, the NextGen 

FICO credit score. 

5. List of Data Elements 

Both Appendix A, which lists the data 

elements for single-family residential 

mortgage loans, and Appendix B, which 

lists the data elements for multi-family 

residential mortgage loans, would be 

divided into three parts: Part I—loanlevel data elements for all single-family 

and multi-family AMA acquired during 

the calendar quarter; Part II—loan-level 

data elements for all single-family and 

multi-family AMA outstanding in the 

calendar quarter; and Part III—poollevel data elements for pools of singlefamily and multi-family AMA. 

The loan-level data elements in Part I 

generally reflect characteristics of the 

loan or the borrower(s) and should not 

change over the life of the loan. To 

simplify the current reporting 

requirements, a Bank would have to 

report loan-level data specified in Part 

I only during the calendar quarter in 

which it acquired the loan. 

The loan-level data elements in Part II 

include data the Bank would have to 

report for all single-family and multifamily AMA outstanding in a calendar 

quarter. These data elements are more 

meaningful when monitored on a 

continuing basis. The Finance Board 

would use this information to create and 

maintain a database for safety and 

soundness monitoring, particularly of 

the Bank’s risk management. 

Part III includes data the Bank would 

have to report for pools or assets backed 

by pools. The Finance Board would use 

this information to monitor the safety 

and soundness of the Bank’s AMA 

program. 

C. Burden Estimate 

The Finance Board estimates that the 

hour burden associated with the AMA 

collection will remain unchanged. The 

Finance Board estimates the total 

annual average number of respondents 

at 600, with 4 responses per respondent. 

The estimate for the average hours per 

response is 24 hours. The estimate for 

the total annual hour burden is 57,600 

hours (600 respondents × 4 responses 

per respondent × 24 hours). 

Bank members could incur additional 

one-time costs to be able to collect and 

report the loan-level data elements 

needed to allow for better tracking and 

modeling of prepayment and default 

rates of mortgage portfolios. The 

Finance Board estimates this additional, 

one-time cost at $120,000 ($2,000 × 600 

members). 

D. Comment Request 

1. Proposed Changes to the AMA 

Database 

The Finance Board requests 

comments on the utility and practicality 

of the proposed data elements, 

including whether additional elements 

should be included, deleted, or 

modified. The Finance Board also seeks 

comments on whether the data 

descriptions in Appendices A and B are 

clear. 

2. Paperwork Reduction Act Burden 

Estimate 

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 and 

costs 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: October 27, 2005. 

By the Federal Housing Finance Board. 

John P. Kennedy, 

General Counsel. 

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66422 Federal Register / Vol. 70, No. 211 / Wednesday, November 2, 2005 / Notices 

[FR Doc. 05–21794 Filed 11–1–05; 8:45 am] 

BILLING CODE 6725–01–C 

FEDERAL MARITIME COMMISSION 

Notice of Agreements Filed 

The Commission hereby gives notice 

of the filing of the following agreements 

under the Shipping Act of 1984. 

Interested parties may submit comments 

on an agreement to the Secretary, 

Federal Maritime Commission, 

Washington, DC 20573, within ten days 

of the date this notice appears in the 

Federal Register. Copies of agreements 

are available through the Commission’s 

Office of Agreements (202–523–5793 or 

tradeanalysis@fmc.gov). 

Agreement No.: 009831–023. 

Title: New Zealand/United States 

Container Lines Association. 

Parties: Australia-New Zealand Direct 

Line; CP Ships USA, LLC; and 

Hamburg-Sud. 

Filing Party: Wayne R. Rohde, Esq.; 

Sher & Blackwell LLP; 1850 M Street 

NW.; Suite 900; Washington, DC 20036. 

Synopsis: The amendment removes 

P&O Nedlloyd Limited as a party to the 

agreement. 

Agreement No.: 011834–002. 

Title: Maersk Sealand/Hapag-Lloyd 

Mediterranean U.S. East Coast Slot 

Charter Agreement. 

Parties: A.P. Moller Maersk A/S and 

Hapag-Lloyd Container Linie GmbH. 

Filing Party: Wayne R. Rohde, Esq.; 

Sher & Blackwell LLP; 1850 M Street 

NW.; Suite 900; Washington, DC 20036. 

Synopsis: The amendment expands 

the range of Spanish ports covered by 

the agreement and adds ports in France 

to the geographic scope of the 

agreement. 

Dated: October 28, 2005. 

By order of the Federal Maritime 

Commission. 

Bryant L. VanBrakle, 

Secretary. 

[FR Doc. 05–21852 Filed 11–1–05; 8:45 am] 

BILLING CODE 6730–01–P 

FEDERAL MARITIME COMMISSION 

Ocean Transportation Intermediary 

License Rescission of Order of 

Revocation 

Notice is hereby given that the Order 

revoking the following license is being 

rescinded by the Federal Maritime 

Commission pursuant to sections 14 and 

19 of the Shipping Act of 1984 (46 

U.S.C. app. 1718) and the regulations of 

the Commission pertaining to the 

licensing of Ocean Transportation 

Intermediaries, 46 CFR part 515. 

License Number : 018946NF. 

Name: AMF Global Transportation, 

Inc. 

Address: 16530 Jarvis Avenue, Elk 

Grove Village, IL 60007. 

Order Published: FR: 10/5/05 (Volume 

70, No. 192, Pg. 58223). 

Sandra L. Kusumoto, 

Director, Bureau of Certification and 

Licensing. 

[FR Doc. 05–21848 Filed 11–1–05; 8:45 am] 

BILLING CODE 6730–01–P 


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