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 Treasurys
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.
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.