Survey of Federal Home Loan Bank Economic Development Programs

ICR 201010-2590-001

OMB: 2590-0010

Federal Form Document

ICR Details
2590-0010 201010-2590-001
Historical Active 201008-2590-001
FHFA
Survey of Federal Home Loan Bank Economic Development Programs
Revision of a currently approved collection   No
Emergency 10/13/2010
Approved with change 10/14/2010
Retrieve Notice of Action (NOA) 10/07/2010
Prior terms of clearance continue to apply: FHFA is approved this collection with the following terms of clearance: FHFA will submit to OMB the final electronic instrument of any survey approved under this control number prior to administering the survey.
  Inventory as of this Action Requested Previously Approved
04/30/2011 6 Months From Approved 02/28/2011
220 0 220
54 0 54
0 0 0

The Office of Housing and Community Investment (OHCI) of the Federal Housing Finance Agency is using surveys and open-forum discussions to conduct research and outreach initiatives to determine ways to enhance the Federal Home Loan Banks’capacity to meet the nation’s unmet economic development credit needs. At the conclusion of these processes, OHCI expects to amend the Community Investment Cash Advance (CICA) Regulation (12 CFR Part 952) in late 2011. OHCI is conducting research and outreach initiatives in two phases. The first phase consisted of two on-line surveys and open-forum discussion sessions held in August and September 2010 at Federal Home Loan Banks in Pittsburgh, San Francisco, Atlanta, Boston, Dallas, and Des Moines. This request for an emergency ICR approval is for the second phase of the research and outreach initiatives. OHCI will host a two-day Economic Development Conference on October 25-26, 2010 in Washington, D.C. This event will be attended by OHCI staff, FHLBank staff and approximately 100 community and economic development practitioners and experts from all segments of the community development field. Practitioners and experts will discuss current and future national economic development issues, financing challenges, opportunities in the field and best practices. One of the surveys, the Economic and Community Development Trade Associations Survey (formerly Economic and Community Development Trade Groups), that was part of the collection of information that was approved on August 19, 2010 has been substantively revised for its use in October. Therefore, FHFA is requesting emergency review of these revisions, in addition to the general use of the other three surveys in October. This revision did not result in a change in burden.
This request meets the criteria of 5 CFR § 1320.13 in that the collection of information is needed prior to the expiration of time periods established under 5 CFR part 1320, it is essential to the mission of FHFA, and FHFA cannot reasonably comply with the normal clearance procedures because the use of normal clearance procedures, which take at least 90 days, will prevent the collection of information which is expected to begin October 13, 2010.

US Code: 12 USC 4501 et seq. Name of Law: Federal Housing Enterprises Financial Safety and Soundness Act
  
None

Not associated with rulemaking

No

  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 220 220 0 0 0 0
Annual Time Burden (Hours) 54 54 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
Yes Part B of Supporting Statement
No
No
No
No
Uncollected
Charles McLean 202 408-2537 charles.mclean@fhfa.gov

  No

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.
10/07/2010


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