Community Support Requirements

Forms and Documents

Document Name	Status
Form FHFA Form 060 Community Support Requirements Form and Instruction	Modified
Supporting Statement.pdf Supporting Statement A	2009-08-18

IC Document Collections

IC ID	Document Title	Status
32146	Community Support Requirements Form and Instruction	Modified

ICR Details

OMB Control No: 2590-0005	ICR Reference No: 200908-2590-001
Status: Historical Active	Previous ICR Reference No: 200902-2590-004
Agency/Subagency: FHFA	Agency Tracking No: 2009-N-11
Title: Community Support Requirements
Type of Information Collection: Reinstatement without change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/20/2009
	Date Received in OIRA: 08/19/2009
Terms of Clearance: This collection should have been submitted as an ICR Extension.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2012	36 Months From Approved
Responses	4,100	0	0
Time Burden (Hours)	7,190	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Housing Finance Agency uses the information to determine if Federal Home Loan Bank members satisfy the statutory and regulatory community support requirements. Only members meeting the requirements may access long-term advances.

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Authorizing Statute(s): US Code: 12 USC 1430(g)(1) 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:
	74 FR 25744	05/29/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 41700	08/18/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Community Support Requirements	FHFA Form 060	Community Support Statement

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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	4,100	0	0	-5,170	4,100	5,170
Annual Time Burden (Hours)	7,190	0	0	-8,496	7,190	8,496
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to: Cutting Redundancy

Short Statement: The information collection avoids duplication because it requires the submission of information that already is available to, or compiled by, Bank members for other purposes. For instance, a member that is subject to the Community Reinvestment Act of 1977 (CRA) must submit to the FHFA its federal CRA performance rating and CRA evaluation date. The member already is required to maintain this information pursuant to the regulations implementing the CRA.

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Annual Cost to Federal Government: $60,858

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)? No

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: 08/19/2009

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