Requests for Debt Issuance Approval and Report of Actual Debt Issuance by Government-Sponsored Enterprises (GSEs)

Forms and Documents

Document Name	Status
Form FHLBcase-by-case GSEcase-by-base Form and Instruction	New
Form FNMFREquarterly GSEquarterly Form and Instruction	New
Form FHLBsemi-annual GSE-semiannual Form and Instruction	New
PRA Supporting Stmt GSE debt issuance 12 5 07 v3.pdf Supporting Statement A	2007-12-05

IC Document Collections

IC ID	Document Title	Status
182920	GSEcase-by-base Form and Instruction	New
182918	GSEquarterly Form and Instruction	New
182915	GSE-semiannual Form and Instruction	New

ICR Details

OMB Control No: 1505-0203	ICR Reference No: 200712-1505-001
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/DO	Agency Tracking No: 200712-1505-002
Title: Requests for Debt Issuance Approval and Report of Actual Debt Issuance by Government-Sponsored Enterprises (GSEs)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 12/07/2007
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/06/2007
	Date Received in OIRA: 12/06/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2008	6 Months From Approved
Responses	30	0	0
Time Burden (Hours)	30	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: The charter statutes of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (collectively, the government-sponsored enterprises, or GSEs) vest in the Department of the Treasury (Treasury) the authority and responsibility to approve the issuance of debt obligations by each GSE. Treasury seeks the collection of information from the GSEs about their planned debt issuances to fulfill its statutory authorities and responsibilities to approve debt issuances by the GSEs, and the collection of information about their actual debt issuances to verify that the debt actually issued by the GSEs was debt that Treasury had approved.

Emergency Justfication: The Department of the Treasury respectfully requests emergency processing and approval of the collection of information contained in the forms to be used by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (collectively, the government-sponsored enterprises or “GSEs”) to request Treasury approval of their debt issuances and to report on their actual debt issuances. The collection of information is needed prior to the expiration of the time periods set out in 5 C.F.R Part 1320, and is essential to fulfill Treasury’s responsibilities under sections 304(b), (d), and (e) of the Fannie Mae Charter Act (12 U.S.C. § 1719(b), (d), and (e)), section 306(j)(l) of the Freddie Mac Charter Act (12 U.S.C. § 1455(j)(1)), and section 9108(a) of title 31, United States Code, and section 11(j) of the Federal Home Loan Bank Act (12 U.S.C. § 1431(j)) (collectively, the “GSE Charter Acts”). The GSE Charter Acts vest in Treasury the authority and responsibility to approve the issuance of debt obligations by the GSEs. The purpose underlying the collection of information is to improve and clarify the existing procedures and practices of approving GSE debt issuances. This year, Treasury has been meeting directly with each GSE to obtain their views on the availability of data, frequency of collection, and reporting format and data elements by which Treasury would collect information from the GSEs to use to fulfill Treasury’s statutory authorities and responsibilities to approve debt issuances by the GSEs and to verify that the debt actually issued by the GSEs was debt that Treasury had approved. Treasury cannot reasonably comply with the normal clearance procedures under 5 C.F.R. Part 1320 because an unanticipated event has occurred, namely the current turmoil in the mortgage markets. While Treasury had not originally intended to request OMB to authorize emergency processing of this submission of collections of information, the current turmoil in the mortgage markets leads Treasury to conclude that prompt commencement of the improved information flow that will result from using the debt approval forms is necessary.

---

Authorizing Statute(s): US Code: 12 USC § 1719(b),(d), and (e) Name of Law: Fannie Mae Charter Act
   US Code: 12 USC § 1455(j)(1) Name of Law: Freddie Mac Charter Act
   US Code: 31 USC Section 9108(a) Name of Law: Government Corporation Control Act
   US Code: 12 USC § 1431(j) 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? No

---

Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
GSE-semiannual	FHLBsemi-annual, FNMFREsemi-annual	FHLBsemi-annual ,   FNMFREsemi-annual
GSEcase-by-base	FHLBcase-by-case, FNMFREcase-by-case	FHLBcase-by-case ,   FNMFREcase-by-case
GSEquarterly	FNMFREquarterly, FHLBquarterly	FNMFREquarterly ,   FHLBquarterly

---

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	30	0	0	30	0	0
Annual Time Burden (Hours)	30	0	0	30	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new collection.

---

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

---

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: 12/06/2007

---