Members of the Banks

ICR 201309-2590-002

OMB: 2590-0003

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
2590-0003 201309-2590-002
Historical Active 201006-2590-001
FHFA
Members of the Banks
Revision of a currently approved collection   No
Emergency 09/30/2013
Approved without change 09/30/2013
Retrieve Notice of Action (NOA) 09/30/2013
  Inventory as of this Action Requested Previously Approved
10/31/2013 6 Months From Approved 09/30/2013
434 0 577
2,262 0 5,564
0 0 0

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
  
None

Not associated with rulemaking

  78 FR 39293 07/01/2013
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 434 577 0 -1 -142 0
Annual Time Burden (Hours) 2,262 5,564 0 -1,740 -1,562 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
Agency's more accurate calculations.

No
No
No
No
No
Uncollected
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.
09/30/2013


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