ASMB SS #4b - Revision to NMBD System of Records Notice (81 FR 95595 (12-28-16))

Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Notices
The Banks use most of the
information collected under part 1263 to
determine whether an applicant satisfies
the statutory and regulatory
requirements for Bank membership and
should be approved as a Bank member.
The Banks may use some of the
information collected under part 1263
as a means of learning that a member
wishes to withdraw or to transfer its
membership to a different Bank so that
the Bank can begin to process those
requests. In rare cases, FHFA may use
the collected information to determine
whether an institution that has been
denied membership by a Bank should
be permitted to become a member of
that Bank.
The OMB control number for this
information collection is 2590–0003,
which is due to expire on December 31,
2016. The likely respondents are
financial institutions that are, or are
applying to become, Bank members.

the average time to prepare and submit
a notice will be 1.5 hours. Accordingly,
the estimate for the annual hour burden
associated with preparation and
submission of notices of intent to
withdraw is (4 withdrawing members ×
1.5 hours per application) = 6 hours.

Dated: December 22, 2016.
Kevin Winkler,
Chief Information Officer, Federal Housing
Finance Agency.

IV. Requests for Transfer of Membership
to Another Bank District

FEDERAL HOUSING FINANCE
AGENCY

FHFA estimates that the average
number of Bank members submitting a
request for transfer to another Bank will
be 35 and that the average time to
prepare and submit a request will be 2
hours. Accordingly, the estimate for the
annual hour burden associated with
preparation and submission of requests
for automatic transfer is (35 transferring
members × 2 hours per request) = 70
hours.

[No. 2016–N–13]

B. Burden Estimate
FHFA has analyzed the time burden
imposed on respondents by the four
collections under this control number
and estimates that the average annual
burden imposed on all respondents by
those collections over the next three
years will be 2,351 hours. This estimate
is derived from the following
calculations:

In accordance with the requirements
of 5 CFR 1320.8(d), FHFA published an
initial notice requesting comments
regarding this information collection in
the Federal Register on October 7,
2016.8 The 60-day comment period
closed on December 6, 2016. No
comments were received. However,
during the pendency of the comment
period, FHFA consulted with several of
the Banks regarding the burden
estimates for this information collection.
As a result of the Banks’ input, FHFA
has made some revisions to the burden
estimates, so that those appearing above
are somewhat different than those that
appeared in the 60-day notice.
In accordance with the requirements
of 5 CFR 1320.10(a), FHFA is publishing
this second notice to request comments
regarding the following: (1) Whether the
collection of information is necessary
for the proper performance of FHFA
functions, including whether the
information has practical utility; (2) the
accuracy of FHFA’s estimates of the
burdens of the collection of information;
(3) ways to enhance the quality, utility
and clarity of the information collected;
and (4) ways to minimize the burden of
the collection of information on
members and project sponsors,
including through the use of automated
collection techniques or other forms of
information technology. Comments
should be submitted in writing to both
OMB and FHFA as instructed above in
the COMMENTS section.

I. Membership Applications
FHFA estimates that the average
number of applications for Bank
membership submitted annually will be
151 and that the average time to prepare
and submit an application and
supporting materials will be 15 hours.
Accordingly, the estimate for the annual
hour burden associated with
preparation and submission of
applications for Bank membership is
(151 applications × 15 hours per
application) = 2,265 hours.

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II. Appeals of Membership Denials
FHFA estimates that the average
number of applicants that have been
denied membership by a Bank that will
appeal such a denial to FHFA will be 1
and that the average time to prepare and
submit an application for appeal will be
10 hours. Accordingly, the estimate for
the annual hour burden associated with
the preparation and submission of
membership appeals is (1 appellants ×
10 hours per application) = 10 hours.
III. Notices of Intent To Withdraw From
Membership
FHFA estimates that the average
number of Bank members submitting a
notice of intent to withdraw from
membership annually will be 4 and that

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C. Comment Request

8 See

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[FR Doc. 2016–31383 Filed 12–27–16; 8:45 am]
BILLING CODE 8070–01–P

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 making a revision to
an existing system of records entitled
‘‘National Mortgage Database Project’’
(FHFA–21). The system of records
covers the National Mortgage Database
Project which is comprised of the
National Mortgage Database, the
National Survey of Mortgage
Originations (formerly known as the
National Survey of Mortgage
Borrowers), and the American Survey of
Mortgage Borrowers. The National
Mortgage Database Project is for
monitoring, researching, analyzing, and
reporting information relevant to the
functioning of the mortgage markets.
DATES: To be assured of consideration,
comments must be received on or before
January 26, 2017. The revisions to the
existing system will become effective on
February 6, 2017 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 ‘‘2016–N–13,’’ 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
‘‘2016–N–13’’ in the subject line of the
message.
• Hand Delivered/Courier: The hand
delivery address is: Alfred M. Pollard,
SUMMARY:

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Federal Register / Vol. 81, No. 249 / Wednesday, December 28, 2016 / Notices

General Counsel, Attention: Comments/
2016–N–13, Federal Housing Finance
Agency, 400 Seventh Street SW., Eighth
Floor, Washington, DC 20219. 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/2016–N–13,
Federal Housing Finance Agency, 400
Seventh Street SW., Eighth Floor,
Washington, DC 20219. 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 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, 400
Seventh Street SW., Washington, DC
20219. The telephone number for the
Telecommunications Device for the Deaf
is 800–877–8339.
SUPPLEMENTARY INFORMATION:

II. Introduction

I. Comments

III. Revised System of Records

FHFA seeks public comments on the
revision to the system of records and
will take all comments into
consideration. See 5 U.S.C. 552a(e)(4)
and (11). In addition to referencing
‘‘Comments/2016–N–13,’’ please
reference the ‘‘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 20219. To make
an appointment to inspect comments,
please call the Office of General Counsel
at (202) 649–3804.

The ‘‘National Mortgage Database
Project’’ (FHFA–21) system of records is
being revised to add data fields related
to language, specifically information
related to Limited English Proficiency or
a Preferred Language. The information
is being collected to identify obstacles
for borrowers with Limited English
Proficiency (LEP) or a Preferred
Language (PL) in accessing mortgage
credit, analyze potential solutions, and
develop measures to improve access to
credit. This information will assist
FHFA in ensuring that its regulated
entities appropriately support
meaningful access to the mortgage
market for mortgage ready LEP/PL
borrowers, as well as support the overall
goal of assuring that borrowers are able
to understand and participate fully in
the mortgage life cycle, including
origination, servicing, and loss
mitigation, regardless of the language
spoken.

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This notice satisfies the Privacy Act
requirement that an agency publish a
system of records notice in the Federal
Register when there is an addition or
change to an agency’s system of records.
Congress has recognized that
application of all requirements of the
Privacy Act to certain categories of
records may have an undesirable and
often unacceptable effect upon agencies
in the conduct of necessary public
business. Consequently, Congress
established general exemptions and
specific exemptions that could be used
to exempt records from provisions of the
Privacy Act. Congress also required that
exempting records from provisions of
the Privacy Act would require the head
of an agency to publish a determination
to exempt a record from the Privacy Act
as a rule in accordance with the
Administrative Procedure 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
November 28, 2000, 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.

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Information about LEP or PL will be
collected as part of the National Survey
of Mortgage Originations and the
American Survey of Mortgage
Borrowers. Responses to the survey will
be maintained in anonymized form as
part of the National Mortgage Database
Project. A separate opt-out list from the
Surveys will be maintained which will
contain name, address, and Zip Code of
those individuals who have opted out of
receiving communications about the
Surveys. FHFA employees will not have
access to this list. This list is maintained
in order to ensure that these individuals
do not receive any future
communications about the Surveys after
opting out.
The revision to the system of records
notice is described in detail below. All
other aspects of the system of records
notice, other than the changes described
below, remain unchanged.
FHFA–21
SYSTEM NAME:

National Mortgage Database Project.
CATEGORIES OF RECORDS IN THE SYSTEM:

Records include information related
to an individual’s language preference,
including, but not limited to,
information about the borrower’s or coborrower’s Limited English Proficiency
and/or Preferred Language.
Dated: December 21, 2016.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2016–31381 Filed 12–27–16; 8:45 am]
BILLING CODE 8070–01–P

FEDERAL HOUSING FINANCE
AGENCY
[No. 2016–N–16]

Proposed Collection; Comment
Request
Federal Housing Finance
Agency.
ACTION: 30-Day Notice of submission of
information collection for approval from
Office of Management and Budget.
AGENCY:

In accordance with the
requirements of the Paperwork
Reduction Act of 1995, the Federal
Housing Finance Agency (FHFA or the
Agency) is seeking public comments
concerning the information collection
known as the ‘‘National Survey of
Mortgage Originations’’ (NSMO), which
has been assigned control number 2590–
0012 by the Office of Management and
Budget (OMB) (the collection was
previously known as the ‘‘National
Survey of Mortgage Borrowers’’). FHFA

SUMMARY:

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