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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
2590-0005
ICR Reference No:
200908-2590-001
Status:
Historical Active
Previous ICR Reference No:
200902-2590-004
Agency/Subagency:
FHFA
Agency Tracking No:
2009-N-11
Title:
Community Support Requirements
Type of Information Collection:
Reinstatement without change of a previously approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
10/20/2009
Retrieve Notice of Action (NOA)
Date Received in OIRA:
08/19/2009
Terms of Clearance:
This collection should have been submitted as an ICR Extension.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/2012
36 Months From Approved
Responses
4,100
0
0
Time Burden (Hours)
7,190
0
0
Cost Burden (Dollars)
0
0
0
Abstract:
The Federal Housing Finance Agency uses the information to determine if Federal Home Loan Bank members satisfy the statutory and regulatory community support requirements. Only members meeting the requirements may access long-term advances.
Authorizing Statute(s):
US Code:
12 USC 1430(g)(1)
Name of Law: Federal Home Loan Bank Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
74 FR 25744
05/29/2009
30-day Notice:
Federal Register Citation:
Citation Date:
74 FR 41700
08/18/2009
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Community Support Requirements
FHFA Form 060
Community Support Statement
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
4,100
0
0
-5,170
4,100
5,170
Annual Time Burden (Hours)
7,190
0
0
-8,496
7,190
8,496
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Cutting Redundancy
Short Statement:
The information collection avoids duplication because it requires the submission of information that already is available to, or compiled by, Bank members for other purposes. For instance, a member that is subject to the Community Reinvestment Act of 1977 (CRA) must submit to the FHFA its federal CRA performance rating and CRA evaluation date. The member already is required to maintain this information pursuant to the regulations implementing the CRA.
Annual Cost to Federal Government:
$60,858
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Reginald Ellison 2024082968 reggie.ellison@fhfa.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
08/19/2009
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