[Federal Register Volume 79, Number 88 (Wednesday, May 7, 2014)]
[Notices]
[Pages 26199-26200]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-10479]


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DEPARTMENT OF AGRICULTURE


Submission for OMB Review; Comment Request

May 1, 2014.
    The Department of Agriculture has submitted the following 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Comments 
regarding (a) whether the collection of information is necessary for 
the proper performance of the functions of the agency, including 
whether the information will have practical utility; (b) the accuracy 
of the agency's estimate of burden including the validity of the 
methodology and assumptions used; (c) ways to enhance the quality, 
utility and clarity of the information to be collected; (d) ways to 
minimize the burden of the collection of information on those who are 
to respond, including through the use of appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology should be addressed to: Desk 
Officer for Agriculture, Office of Information and Regulatory Affairs, 
Office of Management and Budget (OMB), New Executive Office Building, 
725--17th Street NW., Washington, DC 20502. Commenters are encouraged 
to submit their comments to OMB via email to: OIRA--Submission@omb. 
eop.gov or fax (202) 395-5806 and to Departmental Clearance Office, 
USDA, OCIO, Mail Stop 7602, Washington, DC 20250-7602. Comments 
regarding these information collections are best assured of having 
their full effect if received by June 6, 2014. Copies of the

[[Page 26200]]

submission(s) may be obtained by calling (202) 720-8681.
    An agency may not conduct or sponsor a collection of information 
unless the collection of information displays a currently valid OMB 
control number and the agency informs potential persons who are to 
respond to the collection of information that such persons are not 
required to respond to the collection of information unless it displays 
a currently valid OMB control number.

Rural Housing Service

    Title: 7 CFR Part 1902-A, Supervised Bank Accounts.
    OMB Control Number: 0575-0158.
    Summary of Collection: 7 CFR Part 1902-A, Supervised Bank Accounts 
(SBA), prescribes the policies and procedures for disbursing loan and 
grant funds, establishing and closing supervised accounts, and placing 
Multi-Family housing reserve accounts in supervised accounts. The Rural 
Business Service extends financial assistance to applicants that do not 
qualify for loans under commercial rates and terms. The Rural Housing 
Service (RHS) is the credit agency for agriculture and rural 
development in USDA. RHS is the lender of last resort, providing 
financial support for housing in rural America. Supervised accounts are 
accounts with a financial institution in the names of a borrower and 
the United States Government, represented by Rural Housing Service, 
Rural Business-Cooperative Service, Rural Utilities Service (Agency). 
Section 339 of the Consolidated Farm and Rural Development Act, 7 
U.S.C. 1989 and Section 510 of the Housing Act of 1949, as amended, (42 
U.S.C. 1480) is the legislative authorities requiring the use of 
supervised accounts.
    Need and Use of the Information: The agency's state and field 
offices will collect information from borrowers and financial 
institutions. The Agency use SBA's as a mechanism to (1) ensure correct 
disbursement and expenditure of all funds designated for a project; (2) 
help a borrower properly manage its financial affairs; (3) ensure that 
the Government's security is protected adequately from fraud, waste and 
abuse. The consequence to Federal program and policy activities if the 
collection of information was not conducted would be detrimental to 
both the Government and to borrowers.
    Description of Respondents: Business or other for-profit.
    Number of Respondents: 15,192.
    Frequency of Responses: Reporting: On occasion.
    Total Burden Hours: 26,169.

Charlene Parker,
Departmental Information Collection Clearance Officer.
[FR Doc. 2014-10479 Filed 5-6-14; 8:45 am]
BILLING CODE 3410-XV-P