You are on page 1of 1

Federal Register / Vol. 72, No.

70 / Thursday, April 12, 2007 / Notices 18479

Synopsis Management and Administrative 931, 932, and 933. Part 930 establishes
On July 14, 2006, Snap filed a request Matters. definitions applicable to risk
for a temporary waiver of the FOR FURTHER INFORMATION CONTACT: Mr. management and the capital regulations;
interoperability requirements Robert Biersack, Press Officer, part 931 concerns Bank capital stock;
concerning the provision of VRS. See Telephone: (202) 694–1220. part 932 establishes Bank capital
Snap Request for Limited Waiver, CG requirements; and part 933 sets forth the
Docket No. 03–123, filed July 14, 2006 Mary W. Dove, requirements for Bank capital structure
(requesting a waiver until March 31, Secretary of the Commission. plans. The implementing regulations
2007). On March 6, 2007, Snap filed a [FR Doc. 07–1839 Filed 4–10–07; 3:10 pm] also include conforming changes to
letter with the Commission stating that BILLING CODE 6715–01–M parts 917, 925, and 956, which concern,
Snap has started providing VRS and is respectively, the powers and
in compliance with the VRS responsibilities of Bank boards of
interoperability requirements. See Letter directors and senior management, Bank
FEDERAL HOUSING FINANCE BOARD
members, and Bank investments. 12
from Francis Buono, Counsel for Snap,
[No. 2007–N–07] CFR parts 917, 925, and 956.
to Marlene Dortch, Office of the
The Banks use the information
Secretary, Federal Communications Submission for OMB Review; collection contained in the rules
Commission (March 6, 2007). Snap Comment Request implementing section 6 to determine the
requested that the Commission dismiss amount of capital stock a member must
its waiver request as moot. In response AGENCY: Federal Housing Finance purchase to maintain membership in
to Snap’s request, the Consumer & Board. and to obtain services from a Bank.
Governmental Affairs Bureau hereby ACTION: Notice. More specifically, sections 931.3 and
dismisses Snap’s request for temporary 933.2(a) of the Finance Board rules
waiver as moot. SUMMARY: In accordance with the
authorize a Bank to offer its members
Federal Communications Commission. requirements of the Paperwork several options to satisfy required
Jay Keithley,
Reduction Act of 1995, the Federal investments in capital stock as activity-
Housing Finance Board (Finance Board) based and/or membership stock
Deputy Bureau Chief, Consumer &
Governmental Affairs Bureau.
has submitted the information purchase requirements. 12 CFR 931.3
collection entitled ‘‘Capital and 933.2(a). The information collection
[FR Doc. E7–6933 Filed 4–11–07; 8:45 am]
Requirements for the Federal Home is necessary to provide the Banks with
BILLING CODE 6712–01–P
Loan Banks’’ to the Office of the flexibility to meet the statutory and
Management and Budget (OMB) for regulatory capital structure
review and approval of a 3-year requirements while allowing Bank
FEDERAL ELECTION COMMISSION extension of the OMB control number, members to choose the option best
3069–0059, which is due to expire on suited to their business requirements.
Notice of Sunshine Act Meeting
May 31, 2007. The OMB control number for the
DATE AND TIME: Tuesday, April 17, 2007 DATES: Interested persons may submit information collection is 3069–0059,
at 10 a.m. comments on or before May 14, 2007. and it is due to expire on May 31, 2007.
PLACE: 999 E Street, NW., Washington, ADDRESSES: Submit comments to the The likely respondents include Bank
DC. Office of Information and Regulatory members.
STATUS: This meeting will be closed to Affairs of the Office of Management and B. Burden Estimate
the public. Budget, Attention: Desk Officer for the
Federal Housing Finance Board, While the number of member
ITEMS TO BE DISCUSSED: respondents and the volume of
Compliance matters pursuant to 2 Washington, DC 20503.
information have increased, the overall
U.S.C. 437g. FOR FURTHER INFORMATION CONTACT:
burden has decreased significantly
Audits conducted pursuant to 2 Jonathan F. Curtis, Senior Financial because the Banks can access almost all
U.S.C. 437g, 438(b), and Title 26, U.S.C. Analyst, Regulations & Research of the data required by the information
Matters concerning participation in Division, Office of Supervision, by collection electronically from call
civil actions or proceedings or e-mail at curtisj@fhfb.gov, by telephone reports the members already must file
arbitration. at 202–408–2866, or by regular mail at
Internal personnel rules and with their primary regulator. The
the Federal Housing Finance Board, estimate for the total annual hour
procedures or matters affecting a 1625 Eye Street, NW., Washington DC
particular employee. burden for all member respondents is
20006. 8,953 hours. The estimate for the total
DATE AND TIME: Thursday, April 19, 2007 SUPPLEMENTARY INFORMATION: annual cost burden is $367,073. These
at 10 a.m. estimates are based on the following
PLACE: 999 E Street, NW., Washington, A. Need For and Use of the Information
calculations:
DC (ninth floor). Collection The Banks determine members’
STATUS: This meeting will be open to the Section 6 of the Federal Home Loan activity-based stock purchase
public. Bank Act establishes the capital requirements on a daily basis. Based on
ITEMS TO BE DISCUSSED: structure for the Federal Home Loan input from the Banks, we estimated the
Correction and Approval of Minutes. Banks (Banks) and requires the Finance cost and hour burden of the activity-
Advisory Opinion 2007–04: Atlatl, Board to issue regulations prescribing based stock purchase requirement
Inc. by Duke Williams, Chief Executive uniform capital standards applicable to information collection using a daily
rmajette on PROD1PC67 with NOTICES

Officer. each Bank. 12 U.S.C. 1426. To average of 564 member respondents


Notice of Proposed Rulemaking on implement the statutory capital submitting 1 report for each of the 260
Hybrid Ads. structure for the Banks, the Finance business days during the year. The
Final Report for Gephardt for Board added parts 930, 931, 932, and estimate for the average hours per
President, Inc. 933 to its regulations. 12 CFR parts 930, response is .05 hours. The estimate for

VerDate Aug<31>2005 15:49 Apr 11, 2007 Jkt 211001 PO 00000 Frm 00023 Fmt 4703 Sfmt 4703 E:\FR\FM\12APN1.SGM 12APN1

You might also like