Capital Requirements for the Federal Home Loan Banks

Forms and Documents

Document Name	Status
supporting statement 2007.pdf Supporting Statement A	0000-00-00

IC Document Collections

IC ID	Document Title	Status
32166	Activity-Based Stock Purchase Requirements	Modified
179702	Membership Stock Purchase Requirements	New

ICR Details

OMB Control No: 2590-0002	ICR Reference No: 200902-2590-001
Status: Historical Active	Previous ICR Reference No: 200312-3069-001
Agency/Subagency: FHFA	Agency Tracking No:
Title: Capital Requirements for the Federal Home Loan Banks
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 without change	Conclusion Date: 02/02/2009
	Date Received in OIRA: 02/02/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2010	36 Months From Approved
Responses	179,060	0	0
Time Burden (Hours)	8,953	0	0
Cost Burden (Dollars)	367,073	0	0

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Abstract: Information collection is necessary to enable the Federal Home Loan Banks (Banks) and, where appropriate, the Federal Housing Finance Board (Finance Board) 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.

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Authorizing Statute(s): US Code: 12 USC 1426 Name of Law: Federal Home Loan Bank Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 3848	01/26/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 18479	04/12/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Membership Stock Purchase Requirements
Activity-Based Stock Purchase Requirements

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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	179,060	0	0	125,060	0	54,000
Annual Time Burden (Hours)	8,953	0	0	-26,147	0	35,100
Annual Cost Burden (Dollars)	367,073	0	0	-5,853,927	0	6,221,000

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: Yes

Burden Reduction Due to: Using Information Technology

Short Statement: Better estimates based on actual experience.

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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

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Common Form ICR:  No

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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: 04/18/2007

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