[Federal Register Volume 76, Number 12 (Wednesday, January 19, 2011)]
[Notices]
[Page 3193]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-992]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 12, 2011.
    The Department of Treasury is planning to submit the following 
public information collection requirement(s) to OMB for review and 
clearance under the Paperwork Reduction Act of 1995, Public Law 104-13. 
Copies of the submission(s) may be obtained by calling the Treasury 
Bureau Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
11020, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before March 21, 2011 
to be assured of consideration.

HR Connect

    OMB Number: 1505-0224.
    Type of Review: Renewal.
    Title: New Issue Bond Program and Temporary Credit and Liquidity 
Program.
    Description: Authorized under section 304(g) of the Federal 
National Mortgage Association Charter Act (12 U.S.C. 1719(g)) and 
Section 306(l) of the Federal Home Loan Mortgage Corporation Act (12 
U.S.C. 1455(l), as amended by the Housing and Economic Recovery Act 
(HERA) of 2008 (Pub. L. 110-289; approved July 30, 2008) the Department 
of the Treasury (Treasury) is implementing two programs under the HFA 
(Housing Finance Agency) Initiative. The statute provides the Secretary 
authority to purchase securities and obligations of Fannie Mae and 
Freddie Mac (the GSEs) as he determines necessary to stabilize the 
financial markets, prevent disruptions in the availability of mortgage 
finance, and to protect the taxpayer. On December 4, 2009, the 
Secretary made the appropriate determination to authorize the two 
programs of the HFA Initiative: the New Issue Bond Program (NIBP) and 
the Temporary Credit and Liquidity Program (TCLP). Under the NIBP, 
Treasury has purchased securities from the GSEs backed by mortgage 
revenue bonds issued by participating state and local HFAs. Under the 
TCLP, Treasury has purchased a participation interest from the GSEs in 
temporary credit and liquidity facilities provided to participating 
HFAs as a liquidity backstop on their variable-rate debt. In order to 
properly manage the two programs of the initiative, continue to protect 
the taxpayer, and assure compliance with the Programs' provisions, 
Treasury is instituting a series of data collection requirements to be 
completed by participating HFAs and furnished to Treasury through the 
GSEs.
    Respondents: Businesses or other for-profit institutions, and not-
for-profit institutions.
    Estimated Total Reporting Burden: 26,170 hours.
    Agency Contact: Theo Polan, (202) 622-8085, Room 2054MT, 1500 
Pennsylvania Avenue, Washington, DC 20220.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2011-992 Filed 1-18-11; 8:45 am]
BILLING CODE 4810-25-P