[Federal Register Volume 75, Number 174 (Thursday, September 9, 2010)]
[Notices]
[Pages 54882-54883]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-22475]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2010-N-14]


Submission of information collection for approval From the Office 
of Management and Budget

AGENCY: Federal Housing Finance Agency.

ACTION: Submission of Information Collection for Approval from the 
Office of Management and Budget.

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SUMMARY: The Federal Housing Finance Agency (FHFA) has submitted the 
following public information collection requirement(s) to the Office of 
Management and Budget (OMB) for emergency review, and it has been 
approved under the Paperwork Reduction Act of 1995, Public Law 104-13. 
To allow interested persons to comment on this information collection, 
FHFA is publishing this notice and plans to submit a request for a 
three-year extension of OMB's approval. Comments regarding this 
information collection should be addressed to the Office of Information 
and Regulatory Affairs of OMB, Attention: Desk Officer for the Federal 
Housing Finance Agency, Washington, DC 20503, Fax: 202-395-6974, E-
mail: <a href="/cdn-cgi/l/email-protection#1e51574c5f414d6b7c73776d6d7771705e71737c307b716e30797168"><span class="__cf_email__" data-cfemail="4b0402190a14183e29262238382224250b242629652e243b652c243d">[email protected]</span></a>. Please also submit comments to FHFA 
using any one of the following methods and include ``Comments: Survey 
of FHLBank Economic Development Programs, No. 2010-N-14'' as the 
subject:
    <bullet> E-mail: <a href="/cdn-cgi/l/email-protection#4f1d2a280c2022222a213b3c0f2927292e61282039"><span class="__cf_email__" data-cfemail="4614232105292b2b2328323506202e202768212930">[email protected]</span></a>;
    <bullet> Federal eRulemaking Portal: http://www.regulations.gov.
    <bullet> U.S. Mail/Hand Delivery: Federal Housing Finance Agency, 
Fourth Floor, 1700 G Street, NW., Washington, DC 20552.
    We will post all public comments we receive without change, 
including any personal information you provide, such as your name and 
address, on the FHFA Web site at http://www.fhfa.gov. In addition, 
copies of all comments received will be available for examination by 
the public on business days between the hours of 10 a.m. and 3 p.m., at 
the Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., 
Washington, DC 20552. To make an appointment to inspect comments, 
please call the Office of General Counsel at 202-414-6924.

DATES: Written comments should be received on or before November 8, 
2010, to be assured of consideration.

FOR FURTHER INFORMATION CONTACT: For additional information about this 
information collection, or to obtain a copy with applicable supporting 
documentation, contact Charles McLean, Associate Director, Office of 
Housing and Community Investments, 202-408-2537, 
<a href="/cdn-cgi/l/email-protection#b6f5ded7c4dad3c598fbd5fad3d7d8f6d0ded0d798d1d9c0"><span class="__cf_email__" data-cfemail="87c4efe6f5ebe2f4a9cae4cbe2e6e9c7e1efe1e6a9e0e8f1">[email protected]</span></a>.

Overview of the Information Collection

    Title of the Collection: Survey of Federal Home Loan Bank Economic 
Development Programs.
    OMB No.: 2590-0010.
    Need and Use of the Information Collection: The Office of Housing 
and Community Investment (OHCI) of FHFA is conducting research and 
outreach initiatives to determine ways to enhance the Federal Home Loan 
Banks' (FHLBanks) capacity to meet the

[[Page 54883]]

nation's unmet economic development credit needs. At the conclusion of 
these processes, OHCI expects to propose for public comment amendments 
to the Community Investment Cash Advance (CICA) Regulation (12 CFR part 
952) in late 2011. Amending the regulation will update the regulatory 
standards to reflect current community and economic development 
investment strategies and priorities, and clarify a regulation that may 
be difficult to apply.
    As part of the outreach and after discussion with FHFA, six 
FHLBanks (Pittsburgh, San Francisco, Atlanta, Boston, Dallas, and Des 
Moines) will host and conduct open-forum discussions in their districts 
that will consist of a cross section of FHLBank members and end-users 
who will provide comments on unmet credit needs and their experiences 
with current FHLBank economic development products and programs. FHFA 
will send two surveys electronically to participants prior to the open-
forum discussions. The surveys will be returned electronically to FHFA 
staff. FHFA staff and the meeting facilitators will review the survey 
results to initiate discussions at the open-forums.
    In addition to the outreach meetings at the FHLBanks, OHCI is 
proposing to host an Economic Development Conference in October 2010. 
This conference will be attended by OHCI staff, FHLBank staff and 
approximately 100 individuals representing economic development 
organizations from all segments of the community development field. 
Participants will discuss current and future national economic 
development issues, financing challenges, opportunities in the field, 
and best practices. FHFA staff will send four surveys electronically. 
At the conference, OHCI staff will conduct concurrent open-forum 
discussions and use the survey responses to initiate the discussions. 
The discussions will center on opportunities and challenges in using 
FHLBank financing to fund economic development projects and activities 
that will create jobs and spur economic growth. Information from the 
discussions at the FHLBanks and at the conference will be used to 
inform FHFA how the CICA regulation may be enhanced.
    Affected Public: Private sector.
    Costs: FHFA estimates that there will be no annualized capital/
start-up costs for the respondents to collect and submit this 
information.
    Type of Respondents: Federal Home Loan Bank Members, Economic 
Development Organizations, Economic and Community Development Trade 
Groups, State and Local Economic Development Authorities, and 
Economists.

                                                         Annual Burden Estimates for Respondents
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                                                              Number of responses     Average burden per     Total average burden   Total annual burden
            Instrument               Number of respondents      per respondent             response              per response              hours
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Survey Questions for Economic       60                      x 1                     x 15 mins               = 900 mins             15 hours
 Development Organizations (For     (10 per each location)                                                                         (900 mins/60 mins)
 Aug.--Sep. Open-Forum
 discussions).
Survey Questions for FHLBank        60                      x 1                     x 15 mins               = 900 mins             15 hours
 Member Lenders (For Aug.-Sep.      (10 per each location)                                                                         (900 mins/60 mins)
 Open-Forum discussions).
Survey Questions for Economic and   25                      x 1                     x 15 mins               = 375 mins             6.25 hours
 Community Development Trade                                                                                                       (375 mins/60 mins)
 Groups (For Oct. conference).
Survey Questions for State and      25                      x 1                     x 15 mins               = 375 mins             6.25 hours
 Local Economic Development                                                                                                        (375 mins/60 mins)
 Authorities (For Oct. conference).
Survey Questions for Economists     25                      x 1                     x 15 mins               = 375 mins             6.25 hours
 (For Oct. conference).                                                                                                            (375 mins/60 mins)
Survey Questions for FHLBank        25                      x 1                     x 15 mins               = 375 mins             6.25 hours
 Member Lenders (For Oct.                                                                                                          (375/60 mins)
 conference).
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    Dated: September 1, 2010.
Edward J. DeMarco,
Acting Director, Federal Housing Finance Agency.
[FR Doc. 2010-22475 Filed 9-8-10; 8:45 am]
BILLING CODE 8070-01-P


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