Notice2026-19169
Proposed Collection; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 18, 2026
Issuing agencies
Federal Housing Finance Agency
Abstract
In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA) is seeking public comment concerning an information collection known as "Federal Home Loan Bank Capital Stock," which has been assigned control number 2590-0002 by the Office of Management and Budget (OMB). FHFA intends to submit the information collection to OMB for review and approval of a three-year extension of the control number, which is due to expire on November 30, 2026.
Full Text
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<title>Federal Register, Volume 91 Issue 180 (Friday, September 18, 2026)</title>
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[Federal Register Volume 91, Number 180 (Friday, September 18, 2026)]
[Notices]
[Pages 59130-59131]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-19169]
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FEDERAL HOUSING FINANCE AGENCY
[No. 2026-N-12]
Proposed Collection; Comment Request
AGENCY: Federal Housing Finance Agency.
ACTION: Federal Home Loan Bank Capital Stock--60-Day notice of
submission of information collection for approval from Office of
Management and Budget.
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SUMMARY: In accordance with the requirements of the Paperwork Reduction
Act of 1995 (PRA), the Federal Housing Finance Agency (FHFA) is seeking
public comment concerning an information collection known as ``Federal
Home Loan Bank Capital Stock,'' which has been assigned control number
2590-0002 by the Office of Management and Budget (OMB). FHFA intends to
submit the information collection to OMB for review and approval of a
three-year extension of the control number, which is due to expire on
November 30, 2026.
DATES: Interested persons may submit comments on or before November 17,
2026.
ADDRESSES: Submit comments to FHFA, identified by ``Proposed
Collection; Comment Request: `Federal Home Loan Bank Capital Stock,
(No. 2026-N-12)' '' by any of the following methods:
<bullet> Agency Website: <a href="https://www.fhfa.gov/regulation/federal-register?comments=open">https://www.fhfa.gov/regulation/federal-register?comments=open</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#c694a3a185a9ababa3a8b2b586a0aea0a7e8a1a9b0"><span class="__cf_email__" data-cfemail="b3e1d6d4f0dcdeded6ddc7c0f3d5dbd5d29dd4dcc5">[email protected]</span></a>. Include ``Proposed
Collection; Comment Request: ``Federal Home Loan Bank Capital Stock,
(No. 2026-N-12) in the subject line of the message.
<bullet> Mail/Hand Delivery: Federal Housing Finance Agency, Fourth
Floor, 400 Seventh Street SW, Washington, DC 20219, ATTENTION: Proposed
Collection; Comment Request: ``Federal Home Loan Bank Capital Stock,
(No. 2026-N-12).'' Please note that all mail sent to FHFA via U.S. Mail
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.
FHFA invites comments on all aspects of the proposed rule and will
take all comments into consideration before issuing a final rule.
Comments, including any personally identifiable information such as
name and contact information, will be posted to the electronic
rulemaking docket on the FHFA public website at <a href="https://www.fhfa.gov">https://www.fhfa.gov</a>,
except as described below. Commenters should submit only information
that the commenter wishes to make available publicly. FHFA will not
redact personally identifiable information once it is submitted.
Commenters who do not wish to be identified by their comments may
submit their comments anonymously. FHFA may post only a single
representative example of identical or substantially identical
comments, and in such cases will generally identify the number of
identical or substantially identical comments represented by the posted
example. FHFA may, in its discretion, redact or refrain from posting
all or any portion of any comment that contains content that is
obscene, vulgar, profane, or threatens harm. All comments, including
those that are redacted or not posted, will be retained in their
original form in FHFA's internal rulemaking file and will be considered
as required by all applicable laws. Commenters who would like FHFA to
consider any portion of their comment exempt from disclosure on the
basis that it contains trade secrets, or financial, confidential or
proprietary data or information, should follow the procedures in
section IV.D. of FHFA's Policy on Communications with Outside Parties
in Connection with FHFA Rulemakings, see <a href="https://www.fhfa.gov/document/policy-on-communications-with-outside-parties-in-connection-with-fhfa-rulemakings">https://www.fhfa.gov/document/policy-on-communications-with-outside-parties-in-connection-with-fhfa-rulemakings</a>. FHFA cannot guarantee that such data or information will
remain confidential if disclosure is sought pursuant to an applicable
statute or regulation. See 12 CFR 1202.8, 12 CFR 1214.2, and FHFA's
FOIA Reference Guide at <a href="https://www.fhfa.gov/about/foia-reference-guide">https://www.fhfa.gov/about/foia-reference-guide</a>
for additional information.
FOR FURTHER INFORMATION CONTACT: Eric Raudenbush, Associate General
Counsel, <a href="/cdn-cgi/l/email-protection#94d1e6fdf7bac6f5e1f0f1faf6e1e7fcd4f2fcf2f5baf3fbe2"><span class="__cf_email__" data-cfemail="f6b3849f95d8a497839293989483859eb6909e9097d8919980">[email protected]</span></a>, (202) 649-3084 or Angela
Supervielle, Assistant Counsel, <a href="/cdn-cgi/l/email-protection#1b5a757c7e777a35486e6b7e696d727e77777e5b7d737d7a357c746d"><span class="__cf_email__" data-cfemail="03426d64666f622d5076736671756a666f6f6643656b65622d646c75">[email protected]</span></a>, (202) 649-
3973 (these are not toll-free numbers). For TTY/TRS users with hearing
and speech disabilities, dial 711 and ask to be connected to any of the
contact numbers above.
SUPPLEMENTARY INFORMATION:
A. Paperwork Reduction Act
Under the PRA (44 U.S.C. 3501-3520), Federal agencies must obtain
approval from OMB for each collection of information they conduct or
sponsor. ``Collection of information'' is defined in 44 U.S.C. 3502(3)
and 5 CFR 1320.3(c) to include agency requests or requirements that ten
or more persons submit information to a third party.
Section 3506(c)(2)(A) of title 44 and 5 CFR 1320.8(d) requires
Federal agencies to provide a 60-day notice \1\ in the Federal Register
concerning each proposed collection of information, including each
proposed extension of an existing collection of information, before
submitting the collection of information to OMB for approval. FHFA's
collection of information set forth in this document is titled
``Federal Home Loan Bank Capital Stock'' (assigned control number 2590-
0002 by OMB). To comply with the PRA requirement, FHFA is publishing
notice of a proposed three-year extension of this collection of
information and renewal of the control number, which is due to expire
on November 30, 2026.
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\1\ Following the close of this notice's 60-day comment period,
FHFA will publish a second notice with a 30-day comment period as
required by 44 U.S.C. 3507(b) and 5 CFR 1320.10(a).
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B. Background
The Federal Home Loan Bank System consists of eleven regional
Federal Home Loan Banks (Banks) and the Office of Finance (a joint
office of the Banks that issues and services the Banks' debt
securities). The Banks are wholesale financial institutions, organized
under the authority of the Federal Home Loan Bank Act (Bank Act) to
serve the public interest by enhancing the availability of residential
housing finance and community lending credit through their member
institutions and, to a limited extent, through certain eligible
nonmembers. Each Bank is structured as a regional cooperative that is
owned and controlled by member
[[Page 59131]]
institutions located within its district, which are also its primary
customers. An institution that is eligible for membership in a
particular Bank must purchase and hold a prescribed minimum amount of
the Bank's capital stock in order to become and remain a member of that
Bank. With limited exceptions, only an institution that is a member of
a Bank may obtain access to low cost secured loans, known as advances,
or other products provided by that Bank.
Section 6 of the Bank Act establishes capital requirements for the
Banks and requires FHFA to issue regulations prescribing uniform
capital standards applicable to all of the Banks.\2\ Section 6 also
establishes parameters relating to the Banks' capital structures and
requires that each Bank adopt a ``capital structure plan'' (capital
plan) to establish, within those statutory parameters, its own capital
structure and to establish requirements for, and govern transactions
in, the Bank's capital stock.\3\ FHFA's regulations on Bank Capital
Requirements, Capital Stock, and Capital Plans are located at 12 CFR
part 1277.
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\2\ See 12 U.S.C. 1426(a).
\3\ See 12 U.S.C. 1426(b), (c).
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C. Need For and Use of the Information Collection
Both the Bank Act and FHFA's regulations state that a Bank's
capital plan must require its members to maintain a minimum investment
in the Bank's capital stock, but both permit each Bank to determine for
itself what that minimum investment is and how each member's required
minimum investment is to be calculated.\4\ Although each Bank's capital
plan establishes a slightly different method for calculating the
required minimum stock investment for its members, each Bank's method
is tied to some degree to both the level of assets held by the member
institution (typically referred to as a ``membership stock purchase
requirement'') and the amount of advances or other business engaged in
between the member and the Bank (typically referred to as an
``activity-based stock purchase requirement'').
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\4\ See 12 U.S.C. 1426(c)(1); 12 CFR 1277.22, 1277.28(a).
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A Bank must collect information from its members to determine the
minimum capital stock investment each member is required to maintain at
any point in time. Although the information needed to calculate a
member's required minimum investment and the precise method through
which it is collected differ somewhat from Bank to Bank, the Banks
typically collect two types of information. First, in order to
calculate and monitor compliance with its membership stock purchase
requirement, a Bank typically requires each member to provide and/or
confirm an annual report on the amount and types of assets held by that
institution. Second, each time a Bank engages in a business transaction
with a member, the Bank typically confirms with the member the amount
of additional Bank capital stock, if any, the member must acquire in
order to satisfy the Bank's activity-based stock purchase requirement
and the method through which the member will acquire that stock.
D. Burden Estimate
FHFA has analyzed the time burden imposed on respondents by the two
collections under this control number and estimates that the average
total annual hour burden imposed on all respondents over the next three
years will be 19,898 hours. This estimate is derived from the following
calculations:
1. Membership Stock Purchase Requirement Submissions
FHFA estimates that the average annual number of current and former
members and applicants for membership required to report information
needed to calculate a membership stock purchase requirement will be
6,425, and that each institution will submit one report per year,
resulting in an estimated total of 6,425 submissions annually. The
estimate for the average time required to prepare, review, and submit
each report is 0.7 hours. Accordingly, the estimate for the annual hour
burden associated with membership stock purchase requirement
submissions is (6,425 reports x 0.7 hours per report) = 4,498 hours.
2. Activity-Based Stock Purchase Requirement Submissions
FHFA estimates that the average number of daily transactions
between Banks and members that will require the exchange of information
to confirm the member's activity-based stock purchase requirement will
be 295, and that there will be an average of 261 working days per year,
resulting in an estimated 76,995 submissions annually. The estimate for
the average preparation time per submission is 0.1 hours. Accordingly,
the estimate for the annual hour burden associated with activity-based
stock purchase requirement submissions is (76,995 submissions x 0.2
hours per submission) = 15,400 hours.
E. Comment Request
FHFA requests written comments on 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 respondents, including
through the use of automated collection techniques or other forms of
information technology.
Shawn Bucholtz,
Chief Data Officer, Federal Housing Finance Agency.
[FR Doc. 2026-19169 Filed 9-17-26; 8:45 am]
BILLING CODE 8070-01-P
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