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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:
201108-2590-001
Status:
Historical Active
Previous ICR Reference No:
201012-2590-001
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:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
10/25/2011
Retrieve Notice of Action (NOA)
Date Received in OIRA:
08/26/2011
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/2014
36 Months From Approved
10/31/2011
Responses
295
0
295
Time Burden (Hours)
278
0
278
Cost Burden (Dollars)
0
0
0
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. FHFA received one public comment during the 60-day comment period. The comment questioned whether the instructions to questions 4-6 on the Member Director Eligibility Certification Form were phrased so as to accurately reflect one of the statutory requirements pertaining to the eligibility of an individual to serve as a member director of a Bank. In response to this comment, FHFA has revised question 6 of that form and its related instruction so that they more accurately state the statutory standard. These revisions have not resulted in any changes to the cost and burden estimates. The agency determined that the instructions to questions 4-5 do not need to be revised. FHFA received no comments addressing the cost and hour burden estimates.
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
60-day Notice:
Federal Register Citation:
Citation Date:
76 FR 30344
05/25/2011
30-day Notice:
Federal Register Citation:
Citation Date:
76 FR 53458
08/26/2011
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 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
295
0
0
0
0
Annual Time Burden (Hours)
278
278
0
0
0
0
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:
No
Burden Reduction Due to:
Short Statement:
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:
Eric Raudenbush 202 414-6421 eric.raudenbush@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:
08/26/2011
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