Members of the Banks

Forms and Documents

Document Name	Status
OMB Number 3069-0004 Supporting Statement.pdf Supporting Statement A	2007-05-11

IC Document Collections

IC ID	Document Title	Status
32150	Membership Application Process	Modified
180120	Transfer of Membership	New
180119	Withdrawals From Membership	New
180118	Minimum Capital Stock Calculation	New
180117	Membership Application Process Appeals	New

ICR Details

OMB Control No: 2590-0003	ICR Reference No: 200902-2590-002
Status: Historical Active	Previous ICR Reference No: 200404-3069-001
Agency/Subagency: FHFA	Agency Tracking No:
Title: Members of the Banks
Type of Information Collection: Extension without change of a currently 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	497	0	8,436
Time Burden (Hours)	4,770	0	12,346
Cost Burden (Dollars)	789,285	0	0

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Abstract: The information collection is necessary to enable the Federal Home Loan Banks (Banks) and, where appropriate, the Federal Housing Finance Board (Finance Board) to determine if a respondent satisfies the statutory and regulatory requirements to be certified initially and maintain its status as a member eligible to obtain Bank advances. Respondents include financial institutions that are or are eligible to become Bank members.

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Authorizing Statute(s): US Code: 12 USC 1424 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 7036	02/14/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 26386	05/09/2007
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Withdrawals From Membership
Transfer of Membership
Membership Application Process
Membership Application Process Appeals
Minimum Capital Stock Calculation

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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	497	8,436	0	-7,939	0	0
Annual Time Burden (Hours)	4,770	12,346	0	-7,576	0	0
Annual Cost Burden (Dollars)	789,285	0	0	789,285	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Adjustments reflect better estimates, cost and hour burden udpates, an increase in the number of Bank members, and a decrease in the number of membership applications. The Finance Board also excluded minimum capital stock calculations for current members beceause the burden already is included in the information collection titled "Capital Requirements for the Federal Home Loan Banks" (OMB Control No. 3069-0059).

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Annual Cost to Federal Government: $34,230

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: 05/11/2007

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