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View ICR - OIRA Conclusion

OMB Control No: 2590-0006	ICR Reference No: 202408-2590-001
Status: Active	Previous ICR Reference No: 202304-2590-002
Agency/Subagency: FHFA	Agency Tracking No: 2024-N-11
Title: Federal Home Loan Bank Directors
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 09/12/2024
	Date Received in OIRA: 08/13/2024
Terms of Clearance: The agency made minor modifications to clarify the level of specificity required for certain date fields.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2027	36 Months From Approved
Responses	316	0	0
Time Burden (Hours)	269	0	0
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	316	75	241
Annual Time Burden (Hours)	269	150	119
Annual Cost Burden (Dollars)	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: The total hourly burden estimate has increased by 150 hours, from 119 hours to 269 hours. This increase is due to a revised analysis of the number of Independent Director Application Forms submitted to the Banks annually, which was increased from 25 forms to 100. The increased estimate reflects the fact that, while the Banks nominate a total of approximately 25 individuals for independent directorship seats annually, they typically receive forms from several potential nominees for each open independent directorship. The estimated number of Independent Director Application Forms reflected under Item #14 remains at 25, because the Banks only forward to FHFA for review the forms for those individuals that they actually nominate for an independent directorship seat.

Annual Cost to Federal Government: $5,152

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. Yes

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? No

Agency Contact: Angella Supervielle 202 649-3973 angella.supervielle@fhfa.gov

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