Troubled Assets Relief Program (TARP) Capital Purchase Program (CPP) Monthly Survey

ICR 200901-1505-002

OMB: 1505-0210

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1505-0210 200901-1505-002
Historical Active
TREAS/DO TARP
Troubled Assets Relief Program (TARP) Capital Purchase Program (CPP) Monthly Survey
New collection (Request for a new OMB Control Number)   No
Emergency 01/16/2009
Approved without change 01/16/2009
Retrieve Notice of Action (NOA) 01/14/2009
Treasury will amend the ICR with the survey form instructions as a non-substantive change upon completion.
  Inventory as of this Action Requested Previously Approved
07/31/2009 6 Months From Approved
260 0 0
12,000 0 0
0 0 0

Authorized under the Emergency Economic Stabilization Act (EESA) of 2008 (Public Law 110-343), the Department of the Treasury has implemented several aspects of the Troubled Asset Relief Program. Among these components is a voluntary Capital Purchase Program (CPP) under which the Department may purchase qualifying capital in U.S. banking organizations. The Treasury invested capital through this program in over 250 financial institutions. As part of this program, Treasury would like to track how the capital is being used, and whether these capital injections are having the desired effect of ensuring liquidity within the banking system and thereby increasing lending activity. The Treasury will be conducting evaluations using quarterly Call Report data supplied by these financial institutions to their primary regulator. However, in order to have a more frequent and timely snapshot of the current lending environment, Treasury is requesting the ability to conduct a monthly survey of the 20 largest institutions by loans outstanding in order to supplement the quarterly analysis.
The Department of the Treasury (Treasury) requests emergency processing and approval to track how the capital is being used by participants in the TARP Capital Purchase Program, and whether these capital injections are having the desired effect of ensuring liquidity within the banking system and thereby increasing lending activity. The Treasury will be conducting evaluations using quarterly Call Report data supplied by these financial institutions to their primary regulator. However, in order to have a more frequent and timely snapshot of the current lending environment, Treasury is requesting the ability to conduct a monthly survey of the 20 largest institutions by loans outstanding in order to supplement the quarterly analysis. The collection of information is needed to fulfill Treasury’s responsibilities under the Emergency Economic Stabilization Act (EESA) of 2008 (Public Law 110-343; approved October 3, 2008). Treasury cannot reasonably comply with the normal clearance procedures under 5 C.F.R. Part 1320 because of the current turmoil in the financial markets.

PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008
  
None

Not associated with rulemaking

No

2
IC Title Form No. Form Name
Monthly Survey
One-Time Prior Information Report

  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 260 0 0 260 0 0
Annual Time Burden (Hours) 12,000 0 0 12,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is a new collection.

Yes Part B of Supporting Statement
No
Uncollected
Uncollected
Uncollected
Uncollected
Christine Dobridge 2026222734 christine.dobridge@do.treas.gov

  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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
01/14/2009


© 2024 OMB.report | Privacy Policy