National Mortgage Database System of Record Notice, 80 FR 52225 {Aug. 28, 2015)

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Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices
Estimated Number of Respondents:
5135.
Estimated Average Burden per
Respondent: .5 hours.
Estimated Total Annual Burden
Hours: 2434 hours.
General Description of Collection:
This is a collection of information
involving the submission of various
forms by contractors doing business
with the FDIC.
FDIC Form 3700/59, Fair Inclusion of
Minorities and Women, is a contract
clause implementing Section 342 (c)(2)
of the Dodd-Frank Wall Street Reform
and Consumer Protection Act (12 U.S.C.
5452). The contract clause seeks a
commitment from an FDIC Contractor to
ensure, to the maximum extent possible
consistent with applicable law, the fair
inclusion of minorities and women in
its workforce and the workforces of its
applicable subcontractors. Further, the
clause asserts the FDIC’s right to request
documentation from the Contractor that
demonstrates the Contractor’s good faith
effort to include minorities and women
in its workforce and subcontractors’
workforces, and requires the Contractor
to annually certify that it has made such
good faith efforts.
FDIC Form 3700/04A, Contractor
Representations and Certification, must
be completed by any offeror that
responds to a solicitation for an award
over $100,000. The Form is being
revised to add two certifications,
‘‘Certification Regarding Fair Inclusion
of Minorities and Women’’ and
‘‘Representation by Corporations
Regarding an Unpaid Delinquent
Federal Tax Liability.’’ The
‘‘Certification Regarding Fair Inclusion
of Minorities and Women’’ implements
§ 342 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act
(12 U.S.C. 5452) and requires an offeror
to certify to its commitment to equal
opportunity in employment and
contracting and that it has made and
will continue to make a good faith effort
to ensure, to the maximum extent
possible, the fair inclusion of minorities
and women in its workforce and in the
workforce of its applicable
subcontractors. The ‘‘Representation by
Corporations Regarding an Unpaid
Delinquent Federal Tax Liability’’
implements Section 744 of Division E,
Title VII, of the Consolidated and
Further Continuing Appropriations Act,
2015 (Pub. L. 113–235)), by requiring an
offeror to represent whether it is or is
not ‘‘a corporation that has any unpaid
Federal tax liability that has been
assessed, for which all judicial and
administrative remedies have been
exhausted or have lapsed, and that is
not being paid in a timely manner

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pursuant to an agreement with the
authority responsible for collecting the
tax liability.’’
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
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 collections of information,
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 collections of information
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 25th day of
August 2015.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015–21335 Filed 8–27–15; 8:45 am]
BILLING CODE 6741–01–P

FEDERAL HOUSING FINANCE
AGENCY
[No. 2015–N–07]

Privacy Act of 1974; System of
Records
Federal Housing Finance
Agency.
ACTION: Notice of revision to an existing
system of records; request for
comments.
AGENCY:

In accordance with the
requirements of the Privacy Act of 1974,
as amended, 5 U.S.C. 552a (Privacy
Act), the Federal Housing Finance
Agency (FHFA) is reissuing the system
of records entitled ‘‘National Mortgage
Database Project’’ (FHFA–21). FHFA is
re-issuing this notice in response to
comments received on the Notice
published on April 16, 2014 at 79 FR
21458. In reissuing this notice, FHFA
requests further comments on the below
revisions to the existing system of
records.
This revised system of records covers
the National Mortgage Database Project
(‘‘Project’’), which is comprised of three
components: (1) The National Mortgage
Database (‘‘NMDB’’); (2) the information
used to create the NMDB but will not be
contained within the NMDB; and (3)
National Surveys of Mortgage Borrowers
(‘‘Surveys’’). The Project is designed to

SUMMARY:

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satisfy the Congressionally-mandated
requirements of section 1324(c) of the
Federal Housing Enterprises Financial
Safety and Soundness Act of 1992, as
amended by the Housing and Economic
Recovery Act of 2008. Under this
statutory provision, FHFA must,
through surveys of the mortgage market,
collect information on the
characteristics of individual mortgages,
including those that are eligible for
purchase by the Federal National
Mortgage Association (Fannie Mae) and
the Federal Home Loan Mortgage
Corporation (Freddie Mac) as well as
those that are not, and subprime and
nontraditional mortgages, including
information on the creditworthiness of
those borrowers sufficient to determine
whether they would have qualified for
prime lending.
DATES: To be assured of consideration,
comments must be received on or before
October 27, 2015. The revisions to the
existing system will become effective on
November 6, 2015 unless comments
necessitate otherwise. FHFA will
publish a new notice if, in order to
review comments, the effective date is
delayed or if changes are made based on
comments received.
ADDRESSES: Submit comments,
identified by ‘‘2015–N–07,’’ using only
one of the following methods:
• Agency Web site: www.fhfa.gov/
open-for-comment-or-input.
• 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 FHFA. Please include
‘‘2015–N–07’’ in the subject line of the
message.
• Hand Delivered/Courier: The hand
delivery address is: Alfred M. Pollard,
General Counsel, Attention: Comments/
2015–N–07, Federal Housing Finance
Agency, 400 Seventh Street SW.,
Washington, DC 20024. To ensure
timely receipt of hand delivered
package, please ensure that the package
is delivered to the Seventh Street
entrance Guard Desk, First Floor, on
business days between 9 a.m. to 5 p.m.
• U.S. Mail, United Parcel Service,
Federal Express, or Other Mail Service:
The mailing address for comments is:
Alfred M. Pollard, General Counsel,
Attention: Comments/2015–N–07,
Federal Housing Finance Agency, 400
Seventh Street SW., Washington, DC
20024. Please note that all mail sent to
FHFA via the U.S. Postal Service is
routed through a national irradiation
facility, a process that may delay

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Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices

delivery by approximately two weeks.
For any time-sensitive correspondence,
please plan accordingly.
See SUPPLEMENTARY INFORMATION for
additional information on submission
and posting of comments.
FOR FURTHER INFORMATION CONTACT:
Forrest Pafenberg, Program Manager,
National Mortgage Database Project,
[email protected] or (202)
649–3129; Stacy Easter, Privacy Act
Officer, [email protected] or (202) 649–
3803; or David A. Lee, Senior Agency
Official for Privacy, [email protected] or
(202) 649–3803 (not toll-free numbers),
Federal Housing Finance Agency,
Eighth Floor, 400 Seventh Street SW.,
Washington, DC 20024. The telephone
number for the Telecommunications
Device for the Deaf is 800–877–8339.
SUPPLEMENTARY INFORMATION:
I. Comments
FHFA seeks public comments on the
revised system of records for the
National Mortgage Database Project
(FHFA–21) and will take all comments
into consideration. See 5 U.S.C.
552a(e)(4) and (11). In addition to
referencing ‘‘Comments/2015–N–07,’’
please reference ‘‘National Mortgage
Database Project’’ (FHFA–21).
All comments received will be posted
without change on the FHFA Web site
at http://www.fhfa.gov, and will include
any personal information provided,
such as name, address (mailing and
email), and telephone numbers. In
addition, copies of all comments
received will be available without
change for public inspection on
business days between the hours of 10
a.m. and 3 p.m., at the Federal Housing
Finance Agency, 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.

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II. Introduction
This revised system of records covers
the National Mortgage Database Project
(‘‘Project’’), which is comprised of three
components: (1) The National Mortgage
Database (‘‘NMDB’’); (2) the information
used to create the NMDB but will not be
contained within the NMDB; and (3)
National Surveys of Mortgage Borrowers
(‘‘Surveys’’). Each of these components
is described below.
The revised system of records,
‘‘National Mortgage Database Project’’
(FHFA–21), will contain records related
to the creation of the NMDB. The core
data for the NMDB are drawn from data
maintained by one of the three national
credit repositories as well as data to be
drawn from: (1) Administrative data

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sources including existing mortgage
data from Fannie Mae, Freddie Mac, the
Federal Home Loan Banks (Banks), the
Federal Housing Administration (FHA),
the United States Department of
Veterans Affairs (VA), and other
government agencies; (2) Home
Mortgage Disclosure Act (HMDA) data;
and (3) other commercially available
mortgage, property, and appraisal
sources. Data from these various sources
will be used to create and update the
NMDB. Once the NMDB has been
created from these sources, the input
datasets will be permanently deleted
and will not be maintained by the
Project. The NMDB does not contain
and is not a credit report or set of credit
reports as defined under the Federal
Credit Report Act, 15 U.S.C. 1681 et seq.
Any information on borrower(s) in the
NMDB that is available to FHFA, the
Consumer Financial Protection Bureau
(CFPB), or other authorized users of the
NMDB is de-identified and does not
include directly-identifiable
information, such as borrower/coborrower name, address, Social Security
number or date of birth.
Construction of the NMDB begins
with a random 1-in-20 sample of all first
lien mortgages in the credit repository’s
files that were outstanding at any time
between January 1998 (the start date of
the data collection at the credit
repository) and June 2012 (the start date
of the Project). Each quarter a random 1in-20 sample of mortgages that are
newly reported to the credit repository
is added. Currently the NMDB has been
updated with this credit repository data
through June 2015 and it will continue
to be updated in the future. Mortgages
remain in the NMDB until they
terminate through prepayment
(including refinancing), foreclosure or
maturity. Information from credit
repository files on each borrower
associated with the mortgages in the
NMDB will be collected from one year
prior to origination to one year after
termination of the mortgage.
In addition to the creation of the
NMDB, the Project includes voluntary
surveys of mortgage borrowers as part of
the Surveys. The Surveys’ target
universe is first-lien closed-end
residential mortgages and the associated
borrowers. The Surveys supplement the
NMDB with information not currently
available through existing data sources.
To achieve this objective, the Surveys
draw their samples from mortgages that
are part of the NMDB.
Responses to the Surveys will be
maintained in de-identified form as part
of the Project. Individuals contacted by
the Surveys may choose to opt out of
any future communications about the

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Surveys. Participation in the Surveys
and opt-out list is voluntary and the optout list is kept separate from the NMDB
by a third party vendor. The opt-out list
contains the name and address of those
individuals who have opted out of
receiving communications about the
Surveys in order to ensure that these
individuals do not receive any future
communications about the Surveys after
opting out. FHFA and CFPB employees
will not have access to this list.
This notice satisfies the Privacy Act
requirement that an agency publishes a
system of records notice in the Federal
Register when there is an addition or
change to the agency’s systems of
records. Although Congress established
general exemptions and specific
exemptions that could be used to
exempt records from provisions of the
Privacy Act, the Director of FHFA has
determined that records and
information in this system of records are
not exempt from the requirements of the
Privacy Act.
As required by the Privacy Act, 5
U.S.C. 552a(r), and pursuant to
paragraph 4c of Appendix I to OMB
Circular No. A–130, ‘‘Federal Agency
Responsibilities for Maintaining
Records About Individuals,’’ dated
February 8, 1996 (61 FR 6427, 6435
(February 20, 1996)), FHFA has
submitted a report describing the system
of records covered by this notice to the
Committee on Oversight and
Government Reform of the House of
Representatives, the Committee on
Homeland Security and Governmental
Affairs of the Senate, and the Office of
Management and Budget.
III. Revised System of Records
The revised system of records notice
is set out in its entirety and described
in detail below. The revisions from the
previous SORN that FHFA issued in
April 2014 include: (1) Deleting certain
data fields that will not be collected and
will not be part of the Project (i.e.,
language, religion, census block,
telephone number, and latitude/
longitude); (2) clearly delineating the
individuals covered by the system; (3)
deleting various routine uses and
adding one where de-identified data
may be shared with federal financial
regulators and other U.S. Government
agencies for supervisory purposes and
for conducting research and analysis
related to the mortgage markets; (4)
clearly articulating that for purposes of
updating the database, information will
be updated through a de-identified
database-specific constructed loan
identifier or encrypted unique
identification numbers that will be used
solely to aid in the compiling and

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tracking of the data used from other
matching datasets; and (5) notifying the
public of the existence of an opt-out list
and the information contained therein.
FHFA–21
SYSTEM NAME:

National Mortgage Database Project.
SECURITY CLASSIFICATION:

Sensitive but unclassified.
SYSTEM LOCATION:

Federal Housing Finance Agency, 400
Seventh Street SW., Washington, DC
20024, and Experian Information
Solutions Inc., 475 Anton Blvd., Costa
Mesa, CA 92626.
CATEGORIES OF INDIVIDUALS COVERED BY THE
SYSTEM:

Across the three components of the
National Mortgage Database Project,
information about individuals in the
system will contain records that have
been collected from: (1) Credit
repository data; (2) administrative data
sources including existing mortgage
data from the Federal National Mortgage
Association (Fannie Mae), the Federal
Home Loan Mortgage Corporation
(Freddie Mac), the Federal Home Loan
Banks (Banks), the Federal Housing
Administration (FHA), the United States
Department of Veterans Affairs (VA),
and other government agencies; (3)
Home Mortgage Disclosure Act (HMDA)
data; (4) members of the public as part
of the National Surveys of Mortgage
Borrowers; and (5) other commercially
available mortgage, property, and
appraisal sources.

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CATEGORIES OF RECORDS IN THE SYSTEM:

This revised system of records covers
the National Mortgage Database Project
(‘‘Project’’), which is comprised of three
components: (1) The National Mortgage
Database (‘‘NMDB’’); (2) the information
used to create the NMDB but will not be
contained within the NMDB; and (3)
National Surveys of Mortgage Borrowers
(‘‘Surveys’’). Across these three
components of the NMDB Project,
records include five forms of loan-level
data: mortgage record, real estate
transaction, household demographic
data on the borrower(s), physical
characteristics of the house and
neighborhood, and performance data on
the mortgage and credit lines (i.e., credit
cards, student loans, auto loans, and
other loans reported to credit bureaus)
of the mortgage borrower(s). The three
components are described below.
Under the first component and when
the development phase of the NMDB is
completed, the NMDB will contain deidentified records of borrowers and

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properties associated with a 1-in-20
nationally representative random
sample of mortgages. These deidentified records may include: (1)
Borrower(s) information (age, ZIP Code,
race/ethnicity, gender, presence of
children by various age categories,
household income, credit score(s) of
borrower(s) at origination, deceased
indicator, and marital status); (2)
Mortgage Information (current balance,
actual monthly payment, delinquency
grid, scheduled monthly payment,
refinanced amount, and bankruptcy
information); (3) Credit card/other loan
information (account type, credit
amount, account balance amount,
account past due amount, account
minimum payment amount, account
actual payment amount, account high
balance amount, account charge off
amount, and second mortgage); (4)
Property Attributes (property type,
number of bedrooms and bathrooms,
square footage, lot size, year built/age of
structure, units in structure, most recent
assessed value (per tax roll), year of
most recent assessed value, effective age
of structure, project name, and
neighborhood name); (5) Real Estate
Transaction Attributes (sales price,
down payment, occupancy status (own,
rent), new versus existing home, county,
census tract, and date purchased); and
(6) Mortgage Characteristics Attributes
(mortgage product and purpose,
origination date, acquisition date,
amount of mortgage, refinanced amount,
amount of down payment, term of
mortgage, interest rate of mortgage,
source of mortgage/mortgage channel,
mortgage insurance type, loan to value
at origination, origination amount/credit
limit, originator, servicer(s), debt to
income ratio at origination, number of
borrower(s), number of units covered by
the mortgage and the total number of
units in the associated property,
presence of prepayment penalty,
origination points paid by borrower(s),
discount points paid by borrower(s),
balloon payment date/amount, percent
of down payment, and secondary
market indicator).
Under the second component, and
solely for the purposes of matching
records in the NMDB with other
datasets as part of the construction of
the NMDB, records may include:
borrower(s) information such as name,
address, Social Security number, date of
birth, and mortgage account number.
Records with direct identifying
information, including name, address,
Social Security numbers, date of birth,
and mortgage account numbers, will be
used solely by a credit repository
behind a firewall for purposes of

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matching the records with other
datasets, which will better enable FHFA
to perform the statutory functions
identified below. FHFA and Consumer
Financial Protection Bureau (CFPB)
employees will not have access to this
direct identifying information.
The matching will be conducted by a
credit repository. The matching will be
conducted behind a firewall using a
blind matching process on a 1-in-20
nationally representative random
sample. FHFA and CFPB employees
will not have access to this blind
matching process.
After the matching is complete, the
records with direct identifying
information (name, Social Security
number, date of birth, and mortgage
account number) will be permanently
destroyed by the credit repository and
will not be maintained. A de-identified
dataset, as described above, will be used
for conducting research on and analysis
of the mortgage markets.
FHFA may obtain updates or
supplements to this de-identified
dataset and, in those circumstances,
may use record locaters unique to the
source providing the update in order to
update or supplement records. In these
instances, FHFA’s credit repository
vendor may retain property address
solely for the purpose of updating
matches or conducting future matches
with new data sets. FHFA and CFBP
employees will not have access to this
information.
Under the third component, the
Surveys will collect and maintain
records on demographic information
from a subset of individuals who
voluntarily respond to the Surveys to
include: education status, military
status, financial events and life events
in the last couple of years, and assets
and wealth. An opt-out list will be
maintained by a third party vendor
containing the name and address for
those individuals who have opted-out in
order to ensure that they do not receive
future communications from the
Surveys. FHFA and CFPB employees
will not have access to this list.
AUTHORITY FOR MAINTENANCE OF THE SYSTEM:

12 U.S.C. 4511, 4513, 4543, and
section 1324 of the Federal Housing
Enterprises Financial Safety and
Soundness Act of 1992 (Safety and
Soundness Act) as amended by section
1125 of the Housing and Economic
Recovery Act of 2008 (12 U.S.C. 4544
and 4544(c)).
PURPOSE(S):

The records in this system of records
are collected and maintained in order to
facilitate mandatory reporting under the

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Safety and Soundness Act as well as to
conduct research, performance
modeling, and examination monitoring.
The statutory mandate for a monthly
mortgage market survey requires FHFA
to survey the full breadth of the
mortgage market, including mortgages
that are eligible for purchase by Fannie
Mae and Freddie Mac and those that are
not. Under this statutory mandate,
FHFA is required to collect data on the
characteristics of individual mortgages
including, among other items, the price
of the property, the terms of mortgages,
and the creditworthiness of borrowers.
The records in the opt-out list are
maintained by a third party vendor in
order to ensure that those individuals
who have opted out of receiving
communications about the Surveys do
not receive any further communications.

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ROUTINE USES OF RECORDS MAINTAINED IN THE
SYSTEM, INCLUDING CATEGORIES OF USERS AND
THE PURPOSES OF SUCH USES:

In addition to those disclosures
generally permitted under 5 U.S.C.
552a(b) of the Privacy Act, these records
or information contained therein may
specifically be disclosed outside FHFA
as a routine use pursuant to 5 U.S.C.
552a(b)(3) as follows:
(1) When (a) it is suspected or
confirmed that the security or
confidentiality of information in the
system of records has been
compromised; (b) FHFA has determined
that as a result of the suspected or
confirmed compromise there is a risk of
harm to economic or property interests,
identity theft or fraud, or harm to the
security or integrity of this system or
other systems or programs (whether
maintained by FHFA or another agency
or entity) that rely upon the
compromised information; and (c) the
disclosure is made to such agencies,
entities, and persons who are reasonably
necessary to assist in connection with
FHFA’s efforts to respond to the
suspected or confirmed compromise
and prevent, minimize, or remedy such
harm.
(2) To members of advisory
committees that are created by FHFA or
by Congress to render advice and
recommendations to FHFA or to
Congress, to be used solely in
connection with their official,
designated functions.
(3) To contractor personnel and other
authorized individuals working on a
contract, cooperative agreement, or
project for FHFA or CFPB related to the
NMDB.
(4) To the Office of Management and
Budget, Department of Justice,
Department of Homeland Security, or
other federal financial regulatory

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agencies to obtain advice regarding
statutory, regulatory, policy, and other
requirements related to the purpose for
which FHFA collected the records.
(5) To the National Archives and
Records Administration or other federal
agencies pursuant to records
management inspections being
conducted under the authority of 44
U.S.C. 2904 and 2906.
(6) To a federal agency, organization,
or individual for the purpose of
performing audit or oversight operations
as authorized by law, but only such
information as is necessary and relevant
to such audit or oversight function.
(7) To an FHFA regulated entity.
(8) De-identified, anonymized data
with the CFPB in order to facilitate
reporting under the Dodd-Frank Wall
Street Reform and Consumer Protection
Act (Pub. L. 111–203), as well as to
conduct research, performance
modeling, and market monitoring.
(9) De-identified, anonymized data to
federal financial regulators and other
U.S. Government agencies for
conducting research and analysis
related to the mortgage markets and for
supervisory purposes; servicers are not
identified and information cannot be
used for enforcement actions against
servicers.
DISCLOSURE TO CONSUMER REPORTING
AGENCIES:

None.
POLICIES AND PRACTICE FOR STORING,
RETRIEVING, ACCESSING, RETAINING AND
DISPOSING OF RECORDS IN THE SYSTEM:
STORAGE:

Records are maintained in electronic
format, paper form, and magnetic disk
or tape. Electronic records are stored in
computerized databases. Paper and
magnetic disk or tape records are stored
in locked file rooms, locked file
cabinets, or locked safes.

component of the Project for the
Surveys opt-out list, information will be
held by a third party vendor and may
be retrieved by that vendor by name or
address.
SAFEGUARDS:

Records are safeguarded in a secured
environment. Buildings where records
are stored have security cameras and 24hour security guard service.
Computerized records are safeguarded
through use of access codes and other
information technology security
measures. Paper records are safeguarded
by locked file rooms, locked file
cabinets, or locked safes. Access to the
records is restricted to those individuals
who require access to the records in the
performance of official duties related to
the purposes for which the system is
maintained and who have agreed, in
writing, to maintain the confidentiality
and integrity of the data.
RETENTION AND DISPOSAL:

Records are maintained in accordance
with National Archives and Records
Administration and FHFA retention
schedules. Records are disposed of
according to accepted techniques.
SYSTEM MANAGER(S) AND ADDRESS:

Project Manager, National Mortgage
Database Project, Federal Housing
Finance Agency, 400 Seventh Street
SW., Washington, DC 20024.
NOTIFICATION PROCEDURES:

Direct inquiries as to whether this
system contains a record pertaining to
an individual to the Privacy Act Officer.
Inquiries may be mailed to the Privacy
Act Officer, Federal Housing Finance
Agency, 400 Seventh Street SW.,
Washington, DC 20024, or electronically
at http://www.fhfa.gov/AboutUs/
FOIAPrivacy/Pages/Privacy.aspx in
accordance with the procedures set
forth in 12 CFR part 1204.

RETRIEVABILITY:

RECORD ACCESS PROCEDURES:

For the purposes of compiling data
from the data sources under the second
component of the Project, the records
may contain anonymized personal
identifiers (i.e., a database-specific
constructed loan identifier or encrypted
unique identification numbers) for
purposes of matching the records with
other datasets. After the matching is
complete, a de-identified copy of the
matched dataset will be used under the
first component of the Project for
conducting research and analysis as
described above. FHFA may retain these
anonymized personal identifiers after
the matching, but only for the purpose
of performing similar matches on future
data acquisitions. Under the third

Direct requests for access to the
Privacy Act Officer. Requests may be
mailed to the Privacy Act Officer,
Federal Housing Finance Agency, 400
Seventh Street SW., Washington, DC
20024, or can be submitted
electronically at http://www.fhfa.gov/
AboutUs/FOIAPrivacy/Pages/
Privacy.aspx in accordance with the
procedures set forth in 12 CFR part
1204.

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CONTESTING RECORD PROCEDURES:

Direct requests to contest or appeal an
adverse decision for a record to the
Privacy Act Appeals Officer. Requests
may be mailed to the Privacy Act
Appeals Officer, Federal Housing

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Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices
Finance Agency, 400 Seventh Street
SW., Washington, DC 20024, or can be
submitted electronically at http://
www.fhfa.gov/AboutUs/FOIAPrivacy/
Pages/Privacy.aspx in accordance with
the procedures set forth in 12 CFR part
1204.
RECORD SOURCE CATEGORIES:

The information in this system will be
obtained from: (1) Credit repository
data; (2) administrative data sources,
including mortgage data from Fannie
Mae, Freddie Mac, the Banks, FHA, VA,
and other government agencies; (3)
HMDA data; (4) other commerciallyavailable mortgage, property, and
appraisal sources; and (5) individuals
who voluntarily respond to the Surveys.
EXEMPTIONS CLAIMED FOR THE SYSTEM:

None.
Dated: August 20, 2015.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2015–21288 Filed 8–27–15; 8:45 am]
BILLING CODE 8070–01–P

Board of Governors of the Federal Reserve
System, August 25, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.

FEDERAL RESERVE SYSTEM

Lhorne on DSK5TPTVN1PROD with NOTICES

Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company

[FR Doc. 2015–21313 Filed 8–27–15; 8:45 am]

The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
notices are set forth in paragraph 7 of
the Act (12 U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the offices of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than
September 14, 2015.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. William M. Pfeffer, New Berlin,
Illinois, individually and acting in
concert with Mary Bobett Gerlach,
Springfield, Illinois; Betsy Pech, Lincoln,
Illinois; and Barbara Pfeffer, Herrin,
Illinois, as beneficiaries of the Robert
Pfeffer Trust, as amended June 14, 1999;
to acquire voting shares of WB Bancorp,
Inc., and thereby indirectly acquire

VerDate Sep<11>2014

14:19 Aug 27, 2015

Jkt 235001

voting shares of Warren-Boynton State
Bank, both in New Berlin, Illinois.
B. Federal Reserve Bank of St. Louis
(Yvonne Sparks, Community
Development Officer) P.O. Box 442, St.
Louis, Missouri 63166–2034:
1. Smith Stock Ownership Trust, Guy
Richard Smith and Courtney B. Smith
Miller as trustees; all of Hot Springs,
Arkansas; to acquire voting shares of
Smith Associated Banking Corporation,
Hot Springs, Arkansas, and thereby
indirectly acquire voting shares of Bank
of Salem, Salem, Arkansas, and Security
Bank, Stephens, Arkansas.
C. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Cheryl A. Carr, Brett S. Carr, both
of Wichita, Kansas; Nancy B. Carr, Terry
L. Carr, both of Leawood, Kansas; and
Erin B. Hamell, Andover, Kansas; to
become part of the Carr family group
acting in concert, and to acquire voting
shares of Community State Bancshares,
Inc., and thereby indirectly acquire
voting shares of Community Bank of
Wichita, Inc., both in Wichita, Kansas.

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
Board of Governors of the
Federal Reserve System.
SUMMARY: Notice is hereby given of the
final approval of proposed information
collections by the Board of Governors of
the Federal Reserve System (Board)
under OMB delegated authority. Boardapproved collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
Paperwork Reduction Act Submission,
supporting statements and approved
collection of information instrument(s)
are placed into OMB’s public docket
files. The Federal Reserve may not
conduct or sponsor, and the respondent
is not required to respond to, an
information collection that has been
extended, revised, or implemented on or
after October 1, 1995, unless it displays
a currently valid OMB control number.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
AGENCY:

PO 00000

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52279

Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, Washington, DC 20551 (202)
452–3829. Telecommunications Device
for the Deaf (TDD) users may contact
(202) 263–4869, Board of Governors of
the Federal Reserve System,
Washington, DC 20551.
OMB Desk Officer—Shagufta
Ahmed—Office of Information and
Regulatory Affairs, Office of
Management and Budget, New
Executive Office Building, Room 10235,
725 17th Street NW., Washington, DC
20503.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Report
Report title: Recordkeeping and
Disclosure Requirements Associated
with the Consumer Financial Protection
Bureau’s (CFPB) Regulation E
(Electronic Fund Transfer Act).
Agency form number: Reg E.
OMB control number: 7100–0200.
Frequency: Event-generated.
Reporters: State member banks, their
subsidiaries, subsidiaries of bank
holding companies, U.S. branches and
agencies of foreign banks (other than
federal branches, federal agencies, and
insured state branches of foreign banks),
commercial lending companies owned
or controlled by foreign banks, and
organizations operating under section
25 or 25A of the Federal Reserve Act (12
U.S.C. 601–604a; 611–631).
Estimated annual reporting hours:
Initial disclosures, 6,363 hours; Changein-terms, 5,769 hours; Periodic
statements, 15,960 hours; Error
resolution, 15,270 hours; Gift card
exclusion policies and procedures,
8,144 hours; Gift card policy and
procedures, 8,144 hours; Remittance
transfer disclosures (one-time), 122,160
hours; Remittance transfer disclosures
(ongoing), 97,728 hours; Error notice
from sender (consumers)(ongoing),
61,083 hours; Time limits and extent of
investigation (ongoing), 54,972 hours;
Transmitter error resolution standards
and recordkeeping requirements (onetime), 40,720 hours; Transmitter error
resolution standards and recordkeeping
requirements (ongoing), 8,144 hours;
Acts of agents (one-time), 40,720 hours;
Acts of agents (ongoing), 8,144 hours.
Estimated average hours per response:
Initial disclosures, 1.5 minutes; Changein-terms, 1 minute; Periodic statements,
7 hours; Error resolution, 30 minutes;
Gift card exclusion policies and
procedures, 8 hours; Gift card policy
and procedures, 8 hours; Remittance
transfer disclosures (one-time), 120

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