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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:
2590-0006
ICR Reference No:
201012-2590-001
Status:
Historical Active
Previous ICR Reference No:
200902-2590-005
Agency/Subagency:
FHFA
Agency Tracking No:
Title:
Federal Home Loan Bank Directors
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Emergency
Approval Requested By:
12/30/2010
OIRA Conclusion Action:
Approved with change
Conclusion Date:
01/07/2011
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/15/2010
Terms of Clearance:
The previous terms of clearance have been satisfied.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
07/31/2011
6 Months From Approved
02/28/2011
Responses
295
0
4,715
Time Burden (Hours)
278
0
4,581
Cost Burden (Dollars)
0
0
607,423
Abstract:
The information collection concerns administration of the Federal Home Loan Bank (Bank) director election process. It is necessary to enable the Federal Housing Finance Agency and the Banks to determine whether prospective and incumbent Bank directors satisfy statutory and regulatory eligibility and reporting requirements and to run the director election process.
Emergency Justfication:
This request meets the criteria of 5 CFR § 1320.13 in that the collection of information is needed prior to the expiration of time periods established under 5 CFR part 1320, it is essential to the mission of FHFA, and FHFA cannot reasonably comply with the normal clearance procedures because the use of normal clearance procedures, which take at least 90 days, will prevent the collection of information which is expected to begin in early January 2011.
Authorizing Statute(s):
US Code:
12 USC 1427
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
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Federal Home Loan Bank Appointive Directors: Banks
Appointive Director 1, Appointive Director 2
Federal Home Loan Bank Appointive Director Application Form
,
Federal Home Loan Bank Appointive Director Annual Certification Form
Federal Home Loan Bank Director Elections and Elective Directors: Banks
Elective Director 1
FEDERAL HOME LOAN BANK ELECTIVE DIRECTOR ELIGIBILITY CERTIFICATION FORM
Federal Home Loan Bank Director Elections and Elective Directors: Members
Elective Director 1
Federal Home Loan Bank Elective Director Eligibility Certification Form
Federal Home Loan Bank Independent Directors: Prospective and Incumbent Individuals
Independent Director 2, Independent Director 1
Federal Home Loan Bank Independent Director Application Form
,
Federal Home Loan Bank Independent Director Annual Certification Form
Federal Home Loan Bank Member Director Eligibility Certification: Prospective and Incumbent Individuals
Member Director 1
Federal Home Loan Bank Member Director Eligibility Certification Form
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
295
4,715
0
-4,396
-24
0
Annual Time Burden (Hours)
278
4,581
0
-4,231
-72
0
Annual Cost Burden (Dollars)
0
607,423
0
-524,242
-83,181
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:
Miscellaneous Actions
Short Statement:
The hourly and estimated annual cost burdens shown in this submission are significantly lower than those which were reflected in the Supporting Statement prepared in connection with the request for approval of this information collection that was submitted in 2007, and approved in 2008. At that time, the former Finance Board incorrectly included time spent by the Banks in connection with this information collection and the director elections to which the collection relates. FHFA has not included this time in the burden estimates set forth above because the Banks are instrumentalities of the United States and, thus, are not subject to the information collection requirements of the Paperwork Reduction Act. See 44 U.S.C. § 3502(3)(A)(i). FHFA has also removed from the burden calculations time attributable to the administration of the Bank director elections for all entities (FHFA, the Banks, Bank member institutions and prospective/incumbent directors) because, while this information collection is related to the elections, the administration of the elections is not part of the information collection and would need to occur regardless of the existence of this information collection.
Annual Cost to Federal Government:
$6,862
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]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
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:
Patricia Sweeney 202 408-2872 Patricia.Sweeney@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:
12/15/2010
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