The information collection is
necessary to enable the Federal Home Loan Banks (Banks) and, where
appropriate, the Federal Housing Finance Agency (FHFA) 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.
The comment period for
the collection ended on August 30, 2013. During and after the
comment period, FHFA canvassed several Federal Home Loan Banks
(Banks), each of which in turn contacted several of its member
institutions, to obtain more accurate estimates of the burdens and
costs imposed by the information collection. Because of the
broad-based outreach, it took longer than anticipated to obtain
useful responses. Once an adequate number of responses were
received, it became apparent that some of the calculations used in
the burden calculations for the 2010 clearances for the collections
were incorrect. FHFA was required to re-confirm its data and
calculations and to write explanations for the new burden
estimates. Unfortunately, the process of integrating and reviewing
these new burden estimates was not completed in time for the 30-day
notices to be published by the September 30th expiration date.
Because of this, we emergency extension of the clearance for the
existing information collections to give the agency time to publish
the 30-day notice for the request. Pursuant to 5 CFR 1320.13(d),
FHFA also requests a waiver of the notice requirement for this
emergency request because it anticipates filing the normal 30-day
notice very soon.
US Code:
12
USC 1424 Name of Law: Federal Home Loan Bank Act, as
amended
Jonathan Curtis 2024082866
jonathan.curtis@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.