Members of the Banks

Forms and Documents

Document Name	Status
Membership Rule PRA Supporting Statement--for NPR 2014-09-12.pdf Supporting Statement A	2014-09-11

IC Document Collections

IC ID	Document Title	Status
32150	Membership Application Process	Modified
212985	Certifications Regarding Compliance with Asset Ratio Requirements	New
180120	Transfer of Membership	Unchanged
180119	Withdrawals From Membership	Unchanged
180117	Membership Application Process Appeals	Unchanged

ICR Details

OMB Control No: 2590-0003	ICR Reference No: 201409-2590-001
Status: Historical Inactive	Previous ICR Reference No: 201310-2590-002
Agency/Subagency: FHFA	Agency Tracking No:
Title: Members of the Banks
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 11/10/2014
	Date Received in OIRA: 09/12/2014
Terms of Clearance: Terms of the previous clearance remain in effect. OMB files this comment in accordance with 5 CFR 1320.11(c). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. In accordance with 5 CFR 1320, the information collection is not approved at this time. Prior to publication of the final rule, the agency should provide to OMB a summary of all comments received on the proposed information collection and identify any changes made in response to these comments.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2016	36 Months From Approved	02/28/2017
Responses	434	0	434
Time Burden (Hours)	2,262	0	2,262
Cost Burden (Dollars)	0	0	0

---

Abstract: 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.

---

Authorizing Statute(s): US Code: 12 USC 1424 Name of Law: Federal Home Loan Bank Act, as amended
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
2590-AA39	Proposed rulemaking	79 FR 54847	09/12/2014

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Membership Application Process Appeals
Withdrawals From Membership
Transfer of Membership
Membership Application Process
Certifications Regarding Compliance with Asset Ratio Requirements

---

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: FHFA is publishing a proposed rule that would amend 12 CFR part 1263 to change the way the regulation requires the Federal Home Loan Banks to determine whether an institution is eligible for Bank membership. If adopted as proposed, the rule would add another IC to part 1263 that would impose some additional record keeping and reporting burdens on institutions that choose to provide their Bank with an auditor certification to demonstrate compliance with the new regulatory requirements.

---

Annual Cost to Federal Government: $23,837

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(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: 09/12/2014

---