30-day Federal Register Notice

Federal Register / Vol. 79, No. 84 / Thursday, May 1, 2014 / Notices
Total Annual Burden: 18,000 hours.
Total Annual Cost: $600,000.
Nature and Extent of Confidentiality:
An assurance of confidentiality is not
offered because this information
collection does not involve the
collection of personally identifiable
information by the government from
individuals.
Privacy Impact Assessment: No
impacts(s).
Needs and Uses: The Commission
seeks to extend OMB approval of OMB
Control Number 3060–1182 for a period
of three years. The interim rules
containing these collections, which
were adopted in the IP CTS Interim
Order, published at 78 FR 8032,
February 5, 2013, will remain in effect
until the corresponding final rules,
adopted by the Commission in the IP
CTS Reform Order, published at 78 FR
53684, August 30, 2013, take effect. On
December 6, 2013, the United States
Court of Appeals for the District of
Columbia Circuit granted in part a
motion by Sorenson Communications,
Inc. (Sorenson) seeking a stay of certain
of the final rules. See Sorenson
Communications, Inc. and CaptionCall,
LLC v. FCC, D.C. Cir., No. 13–1246,
December 6, 2013, at 1–2 (Stay Order).
Specifically, the Court stayed ‘‘the rule
adopted by the Commission prohibiting
compensation to providers for minutes
of use generated by equipment
consumers received from providers for
free or for less than $75.’’ For the
purpose of maintaining the status quo
until the court issues a final ruling in
court proceedings No. 13–1246 and
consolidated No. 13–1122, the
Commission therefore seeks to extend
OMB approval of OMB Control Number
3060–1182 for a period of three years.
Federal Communications Commission.
Marlene H. Dortch,
Secretary, Office of the Secretary, Office of
Managing Director.
[FR Doc. 2014–09936 Filed 4–30–14; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION

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Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act (PRA) of 1995 (44 U.S.C.
chapter 35), the FDIC may not conduct

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Comments must be submitted on
or before June 2, 2014.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• http://www.FDIC.gov/regulations/
laws/federal/notices.html.
• Email: [email protected]. Include
the name of the collection in the subject
line of the message.
• Mail: Leneta G. Gregorie (202–898–
3719), Counsel, Room NYA–5050,
Federal Deposit Insurance Corporation,
550 17th Street NW., Washington, DC
20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Leneta Gregorie, at the FDIC address
above.
DATES:

This
notice requests public comment on the
FDIC’s request for extension of OMB’s
approval of the Regulatory Capital Rules
information collection more fully
described below. OMB approved the
ICR under emergency procedures for
review and clearance in accordance
with the PRA. The FDIC is not
proposing any changes to the existing
ICR at this time. A description of the
collection and the current burden
estimates follows.

SUPPLEMENTARY INFORMATION:

Agency Information Collection
Activities: Submission for OMB
Review; Comment Request Re:
Regulatory Capital Rules

SUMMARY:

or sponsor, and the respondent is not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. As part of its
continuing effort to reduce paperwork
and respondent burden, the FDIC
invites the general public and other
Federal agencies to take this
opportunity to comment on an
extension, without change, of an
existing information collection. On
February 24, 2014 (79 FR 10150), the
FDIC requested comment for 60 days on
extension for three years of its
information collection entitled
Regulatory Capital Rules (OMB No.
3064–0153). No comments were
received on the proposal to extend. The
FDIC hereby gives notice of submission
to OMB of its request to extend the
collection.

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Proposal to extend the following
currently approved collection of
information:
Title: Regulatory Capital Rules.
OMB Number: 3064–0153.
Affected Public: State nonmember
banks, state savings associations, and
certain subsidiaries of those entities.
Estimated Number of Respondents:
Advanced approaches—8; Minimum
capital ratios—4,571; Standardized
approach—4,571.
Frequency of Response: Occasional.
Estimated Time per Response: Varied.
Total Estimated Annual Burden:
737,275 hours.
General Description of Collection:
This collection comprises the disclosure
and recordkeeping requirements
associated with minimum capital
requirements and overall capital
adequacy standards for insured state
nonmember banks, state savings
associations, and certain subsidiaries of
those entities. The capital standards are
consistent with agreements reached by
the Basel Committee on Banking
Supervision (BCBS) in ‘‘Basel III: A
Global Regulatory Framework for More
Resilient Banks and Banking Systems,’’
and with section 171 of the Dodd-Frank
Act, which requires establishment of
minimum risk-based and leverage
capital requirements, and with section
939A of the Dodd-Frank Act, which
requires the use of alternatives to credit
ratings for calculating risk-weighted
assets. The data is used by the FDIC to
evaluate capital before approving
various applications by insured
depository institutions, to evaluate
capital as an essential component in
determining safety and soundness, and
to determine whether an institution is
subject to prompt corrective action
provisions.
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collection,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Dated at Washington, DC, this 28th day of
April 2014.

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Federal Register / Vol. 79, No. 84 / Thursday, May 1, 2014 / Notices

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2014–09934 Filed 4–30–14; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Federal Election Commission
& TIME: Tuesday May 6, 2014 at 10

AGENCY:
DATE

a.m.
PLACE:

999 E Street NW., Washington,

DC.
This meeting will be closed to
the public.
ITEMS TO BE DISCUSSED:
Compliance matters pursuant to 2
U.S.C. 437g.
Matters concerning participation in civil
actions or proceedings or arbitration.
Internal personnel rules and internal
rules and practices.
Information the premature disclosure of
which would be likely to have a
considerable adverse effect on the
implementation of a proposed
Commission action.
*
*
*
*
*
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
STATUS:

Shelley E. Garr,
Deputy Secretary of the Commission.
[FR Doc. 2014–10123 Filed 4–29–14; 4:15 pm]
BILLING CODE 6715–01–P

FEDERAL HOUSING FINANCE
AGENCY
[No. 2014–N–06]

Proposed Collection; Comment
Request
Federal Housing Finance
Agency.
ACTION: 30-day Notice of Submission of
Information Collection for Approval
From the Office of Management and
Budget.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act of 1995, the Federal
Housing Finance Agency (FHFA) is
seeking public comments concerning
the existing information collection
‘‘Monthly Survey of Rates and Terms on
Conventional 1-Family Nonfarm
Mortgage Loans,’’ which has been
assigned control number 2590–0004 by
the Office of Management and Budget
(OMB). FHFA intends to submit the
information collection to OMB for

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SUMMARY:

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review and approval of a three-year
extension of the control number, which
expired on March 31, 2014.
DATES: Interested persons may submit
comments on or before June 30, 2014.
Comments: Submit written comments
to the Office of Information and
Regulatory Affairs of the Office of
Management and Budget, Attention:
Desk Officer for the Federal Housing
Finance Agency, Washington, DC
20503, Fax: (202) 395–6974, Email
address: OIRA_Submission@
omb.eop.gov. Please also submit them to
FHFA using any of the following
methods:
• 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 email to FHFA at
[email protected] to ensure timely
receipt by the agency.
• Email: [email protected].
Please include Proposed Collection;
Comment Request: ‘‘Monthly Survey of
Rates and Terms on Conventional 1Family Nonfarm Mortgage Loans, (No.
2014–N–06)’’ in the subject line of the
message.
• Mail/Hand Delivery: Federal
Housing Finance Agency, Eighth Floor,
400 Seventh Street SW., Washington,
DC 20024, ATTENTION: Public
Comments/Proposed Collection;
Comment Request: ‘‘Monthly Survey of
Rates and Terms on Conventional 1Family Nonfarm Mortgage Loans, (No.
2014–N–06).’’
We will post all public comments we
receive without change, including any
personal information you provide, such
as your name, address, email address,
and telephone number, 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, Eighth Floor, 400 Seventh
Street SW., Washington, DC 20024. To
make an appointment to inspect
comments, please call the Office of
General Counsel at 202–649–3804.
FOR FURTHER INFORMATION CONTACT:
David L. Roderer, Senior Financial
Analyst, 202–408–2540 (not a toll-free
number), [email protected], or by
regular mail at the Federal Housing
Finance Agency, 400 Seventh Street
SW., Washington, DC 20024. The
telephone number for the
Telecommunications Device for the Deaf
is 800–877–8339.
SUPPLEMENTARY INFORMATION:

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A. Need for and Use of the Information
Collection
FHFA’s Monthly Survey of Rates and
Terms on Conventional 1-Family NonFarm Mortgage Loans, commonly
referred to as the ‘‘Monthly Interest Rate
Survey’’ or ‘‘MIRS,’’ is a monthly survey
of mortgage lenders that solicits
information on the terms and conditions
on all conventional, single-family, fully
amortized, purchase-money mortgage
loans closed during the last five working
days of the preceding month. The MIRS
collects monthly information on interest
rates, loan terms, and house prices by
property type (i.e., new or previously
occupied), by loan type (i.e., fixed- or
adjustable-rate), and by lender type (i.e.,
mortgage companies, savings
associations, commercial banks, and
savings banks), as well as information
on 15-year and 30-year fixed-rate loans.
In addition, the survey collects quarterly
information on conventional loans by
major metropolitan area and by Federal
Home Loan Bank district. The MIRS
does not collect information on loans
insured by the Federal Housing
Administration (FHA) or guaranteed by
the Veterans Administration (VA), loans
secured by multifamily property or
manufactured housing, or loans created
by refinancing another mortgage. The
MIRS is the most comprehensive source
of information on conventional
mortgage rates and terms in the United
States.
The MIRS originated with one of
FHFA’s predecessor agencies, the
former Federal Home Loan Bank Board
(FHLBB) in the 1960s. Among other
things, the FHLBB used data collected
through the MIRS to derive its National
Average Contract Mortgage Rate for the
Purchase of Previously Occupied Homes
by Combined Lenders (ARM Index),
which was used by lenders to set
mortgage rates on adjustable rate
mortgages (ARMs). No statutory or
regulatory provision explicitly required
the FHLBB to conduct the MIRS.
However, for a period in the early
1980s, federally chartered savings
institutions were required to use the
MIRS-derived ARM Index in setting
interest rates on ARMs. Few, if any,
loans from that period remain. After
1981, an unknown but likely very small
proportion of lenders used the ARM
Index to set interest rates on their new
ARMs.
In 1989, Congress enacted the
Financial Institutions Reform Recovery
and Enforcement Act (FIRREA), which
abolished the FHLBB and created the
Federal Housing Finance Board to
assume many of the FHLBB’s powers
and responsibilities. FIRREA required

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