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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:
2590-0002
ICR Reference No:
201612-2590-003
Status:
Historical Active
Previous ICR Reference No:
201410-2590-001
Agency/Subagency:
FHFA
Agency Tracking No:
2016-N-14
Title:
Federal Home Loan Bank Capital Stock
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:
04/19/2017
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/28/2016
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
04/30/2020
36 Months From Approved
04/30/2017
Responses
96,321
0
111,536
Time Burden (Hours)
15,230
0
34,574
Cost Burden (Dollars)
0
0
0
Abstract:
The information collection is necessary to enable the Federal Home Loan Banks (Banks) and, where appropriate, the Federal Housing Finance Agency (FHFA) to determine whether a Bank member/respondent satisfies the statutory and regulatory requirements for capital stock purchase requirements to be a member of and to borrow from a Bank. Respondents include financial institutions that are eligible for Bank membership, and members that utilize Bank products and services, such as Bank advances.
Authorizing Statute(s):
US Code:
12 USC 1426
Name of Law: Federal Home Loan Bank Act, as amended
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:
81 FR 69819
10/07/2016
30-day Notice:
Federal Register Citation:
Citation Date:
81 FR 95592
12/28/2016
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
Activity-Based Stock Purchase Requirement Submissions
Membership Stock Purchase Requirement Submissions
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
96,321
111,536
0
-15,215
0
0
Annual Time Burden (Hours)
15,230
34,574
0
-19,344
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:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
FHFA has decreased the estimated total annual burden hours to 15,230 from the 34,574 that were shown in the Supporting Statement submitted in connection with the 2013 renewal of this information collection. This decrease is due primarily to the fact that, while the prior Supporting Statement assumed that each Bank member would submit four quarterly reports per year to enable the Bank to calculate the member’s membership stock purchase requirement, consultation with Banks’ staff revealed that most Bank members are required to submit such reports only on an annual basis—that is, one per year. The estimates for IC (I) were therefore adjusted accordingly.
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:
12/28/2016
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