[Federal Register Volume 75, Number 206 (Tuesday, October 26, 2010)]
[Notices]
[Pages 65630-65631]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-27075]


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FEDERAL HOUSING FINANCE AGENCY

[No. 2010-N-16]


Agency Information Collection Activities; Proposals, Submissions, 
and Approvals

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 to the 
Office of Management and Budget (OMB) for emergency review, revisions 
to the information collection, ``Survey of FHLBank Economic Development 
Programs,'' OMB No. 2590-0010. Specifically, FHFA requests review of 
the use of surveys at an agency-sponsored conference being held October 
25-26, 2010. The surveys will be used for open-forum discussions at the 
conference, and will be distributed prior to the conference with the 
intent that they will help to initiate and focus the discussions. The 
surveys are part of the collection of information that was previously 
submitted for emergency review and subsequently approved on August 19, 
2010, under OMB No. 2590-0010, in connection with open-forum 
discussions that were held in August and September, 2010. Since that 
approval, one of the surveys has been substantively revised for its use 
in October, therefore FHFA is requesting emergency review of these 
revisions, in addition to the general use of the surveys in October. 
This revision did not result in a change in burden. The collection of 
information is due to expire April 30, 2011. 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#f0bfb9a2b1afa385929d998383999f9eb09f9d92de959f80de979f86"><span class="__cf_email__" data-cfemail="2b6462796a74785e49464258584244456b444649054e445b054c445d">[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-16'' as the subject:
    <bullet> E-mail: <a href="/cdn-cgi/l/email-protection#efbd8a88ac8082828a819b9caf8987898ec1888099"><span class="__cf_email__" data-cfemail="e9bb8c8eaa8684848c879d9aa98f818f88c78e869f">[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 December 27, 
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#783b10190a141d0b56351b341d1916381e101e19561f170e"><span class="__cf_email__" data-cfemail="85c6ede4f7e9e0f6abc8e6c9e0e4ebc5e3ede3e4abe2eaf3">[email protected]</span></a>.

Overview of the Information Collection

    Title of the Collection: Survey of FHLBank Economic Development 
Programs.
    OMB No.: 2590-0010,
    Expires: April 30, 2011.
    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 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 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.
    OHCI is conducting research and outreach initiatives in two phases. 
The first phase consisted of two on-line surveys and open-forum 
discussion sessions held in August and September 2010 at Federal Home 
Loan Banks in Pittsburgh, San Francisco, Atlanta, Boston, Dallas, and 
Des Moines. The open-forum discussion sessions were attended by 
approximately 120 community and economic development practitioners and 
experts from all segments of the community development field.
    This request for an emergency ICR approval is for the second phase 
of the research and outreach initiatives. OHCI will 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. OHCI 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 OHCI 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 and 
Community Development Trade Associations, State and Local Economic 
Development Authorities, and Economists.

[[Page 65631]]



                                                         Annual Burden Estimates for Respondents
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                                                                                           Total average
                                                             Number of    Average burden    burden per
           Instrument             Number of respondents    responses per   per response      response                Total annual burden hours
                                                            respondent       (minutes)       (minutes)
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Survey Questions for Economic    25.....................             x 1            x 15           = 375  6.25 hours (375/60 mins).
 and Community Development
 Trade Associations (For Oct.
 conference).
Survey Questions for State and   25.....................             x 1            x 15           = 375  6.25 hours (375 mins/60 mins).
 Local Economic Development
 Authorities (For Oct.
 conference).
Survey Questions for Economists  25.....................             x 1            x 15           = 375  6.25 hours (375 mins/60 mins).
 (For Oct. conference).
Survey Questions for FHLBank     25.....................             x 1            x 15           = 375  6.25 hours (375/60 mins).
 Member Lenders (For Oct.
 conference).
Survey Questions for Economic    60 (10 per each                     x 1            x 15           = 900  15 hours (900 mins/60 mins).
 Development Organizations (For   location).
 Aug.-Sep. Open-Forum
 discussions).
Survey Questions for FHLBank     60 (10 per each                     x 1            x 15           = 900  15 hours (900 mins/60 mins)
 Member Lenders (For Aug.-Sep.    location).
 Open-Forum discussions).
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    Dated: October 20, 2010.
Edward J. DeMarco,
Acting Director, Federal Housing Finance Agency.
[FR Doc. 2010-27075 Filed 10-25-10; 8:45 am]
BILLING CODE 8070-01-P


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