[Federal Register Volume 79, Number 104 (Friday, May 30, 2014)]
[Notices]
[Pages 31180-31181]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-12564]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 27, 2014.
    The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before June 30, 2014 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion for reducing 
the burden, to (1) Office of Information and Regulatory Affairs, Office 
of Management and Budget, Attention: Desk Officer for Treasury, New 
Executive Office Building, Room 10235, Washington, DC 20503, or email 
at [email protected] and (2) Treasury PRA Clearance Officer, 
1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at [email protected], or the 
entire information collection request maybe found at www.reginfo.gov.

Office of the Assistant Secretary for Financial Markets

    OMB Number: 1505-0224.
    Type of Review: Revision of a currently approved collection.
    Title: New Issue Bond Program and Temporary Credit and Liquidity 
Program.
    Abstract: 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) implemented 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 purchased securities from the GSEs backed by mortgage revenue 
bonds issued by participating state and local HFAs. Under the TCLP, 
Treasury purchased a participation

[[Page 31181]]

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 instituted a series of data 
collection requirements to be completed by participating HFAs and 
furnished to Treasury through the GSEs.
    Affected public: State, Local, and Tribal Governments.
    Estimated Annual Burden Hours: 4,574.

Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-12564 Filed 5-29-14; 8:45 am]
BILLING CODE 4810-25-P