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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:
2590-0001
ICR Reference No:
201207-2590-001
Status:
Historical Active
Previous ICR Reference No:
200905-2590-001
Agency/Subagency:
FHFA
Agency Tracking No:
Title:
Advances to Housing Associates
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
09/27/2012
Retrieve Notice of Action (NOA)
Date Received in OIRA:
07/10/2012
Terms of Clearance:
As shown by the changes made to this collection, FHFA shall not include the cost of the time burden in the cost burden to respondents.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
09/30/2015
36 Months From Approved
09/30/2012
Responses
69
0
66
Time Burden (Hours)
286
0
80
Cost Burden (Dollars)
1,800
0
7,145
Abstract:
Enables the Federal Home Loan Banks and, where appropriate, the Federal Housing Finance Agency to determine if a respondent satisfies the statutory and regulatory requirements to be certified initially, and to maintain its status as a housing associate eligible to receive Bank advances.
Authorizing Statute(s):
US Code:
12 USC 1430b
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:
77 FR 22316
04/13/2012
30-day Notice:
Federal Register Citation:
Citation Date:
77 FR 40613
07/10/2012
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Advances to Housing Associates: Applicants
Advances to Housing Associates: Maintenance Respondents
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
69
66
0
0
3
0
Annual Time Burden (Hours)
286
80
0
0
206
0
Annual Cost Burden (Dollars)
1,800
7,145
0
-16,132
10,787
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:
Hourly and estimated annual cost burdens upon housing associates and applicants that are higher are due to FHFA having canvassed several Banks in order to update its burden estimates. These Banks, in turn, contacted several housing associates to request their input. FHFA learned that it is now typical for a housing associate (most of which are state housing finance agencies) to have an attorney review its financial reports before submitting the reports to a Bank. FHFA estimates that the average review time was about 3 hours for an annual submission and, because there are currently 68 housing associates, this resulted in an increase of 204 hours in the burden estimate. There was also an increase in the hourly burden estimate for applicants, but because there is typically only one applicant per year, this resulted in a minimal overall increase in the hourly burden. FHFA has not included in the burden estimates time spent by the Banks in connection with this information collection as was mistakenly included in the 2009 Supporting Statements. 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. ยง 3502(3)(A)(i). In addition, the burden estimate for FHFA has been reduced from three hours to zero. This is because FHFA would play a role in this collection only if an applicant were rejected by a Bank and then appealed to FHFA to reverse that decision. Because such an appeal has never occurred, it was decided not to include a burden estimate for FHFA.
Annual Cost to Federal Government:
$0
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:
Jonathan Curtis 2024082866 jonathan.curtis@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:
07/10/2012
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