Troubled Asset Relief Program (TARP) - Capital Purchase Program (CPP) Participants Use of Funds Survey

Forms and Documents

Document Name	Status
CPP Participants Use of Funds Letter v2.docx Supplementary Document	2010-01-07
CPP Participants Use of Funds Survey Supporting Statement A.docx Supporting Statement A	2009-12-15
CPP_Participants_Use_of_Funds_Survey_Supporting_Statement_B_v2.docx Supporting Statement B	2010-01-07

IC Document Collections

IC ID	Document Title	Status
191563	Capital Purchase Program Participants Use of Funds Survey Other-Survey	New

ICR Details

OMB Control No: 1505-0222	ICR Reference No: 200912-1505-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/DO	Agency Tracking No: TARP
Title: Troubled Asset Relief Program (TARP) - Capital Purchase Program (CPP) Participants Use of Funds Survey
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 12/31/2009
OIRA Conclusion Action: Approved with change	Conclusion Date: 01/07/2010
	Date Received in OIRA: 12/16/2009
Terms of Clearance: Treasury modified information collection instrument and supporting statement per OMB request. For future emergency collections, agency is advised to provide emergency justification.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2010	6 Months From Approved
Responses	640	0	0
Time Burden (Hours)	51,200	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Treasury is seeking responses from banking institutions that have received CPP funds regarding: how the CPP investment has affected the banks’ operations, how these institutions have used CPP funds, and how their usage of CPP funds has changed over time.

Emergency Justfication: The CPP is an important part of the Department’s efforts to restore confidence in our financial system and ensure that credit continues to be available to consumers and businesses. As an essential part of restoring confidence, the Treasury has committed to determining the effectiveness of the CPP. Additionally, American taxpayers are particularly interested in knowing how banks have used the money that Treasury has invested through the CPP. Consequently, the Treasury is seeking responses from banking institutions that have received CPP funds regarding: how the CPP investment has affected the banks’ operations, how these institutions have used CPP funds, and how their usage of CPP funds has changed over time.

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Authorizing Statute(s): PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008
  

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

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
Capital Purchase Program Participants Use of Funds Survey

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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	640	0	0	640	0	0
Annual Time Burden (Hours)	51,200	0	0	51,200	0	0
Annual Cost Burden (Dollars)	0	0	0	0	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: No

Burden Reduction Due to:

Short Statement: This is a new collection of information in which Treasury is seeking emergency clearance. Responses are requested from banking institutions that have received CPP funds regarding their usage of CPP capital. The 51,200 new burden hours are attributed to a program change due to Agency discretion.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

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: 12/16/2009

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