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

ICR 201612-1505-002

OMB: 1505-0222

Federal Form Document

IC Document Collections
ICR Details
1505-0222 201612-1505-002
Historical Active 201309-1505-003
TREAS/DO
Troubled Asset Relief Program (TARP) - Capital Purchase Program (CPP) Participants Use of Funds Survey
Revision of a currently approved collection   No
Regular
Approved without change 03/14/2017
Retrieve Notice of Action (NOA) 12/23/2016
  Inventory as of this Action Requested Previously Approved
03/31/2020 36 Months From Approved 03/31/2017
12 0 250
960 0 20,000
0 0 0

Authorized under the Emergency Economic Stabilization Act (EESA) of 2008 (Public Law 110-343), the Department of the Treasury has implemented several aspects of the Troubled Asset Relief Program (TARP). The TARP includes several components including a voluntary Capital Purchase Program (CPP) under which the Department has purchased qualifying capital in U.S. banking organizations. 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.

PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008
  
None

Not associated with rulemaking

  81 FR 69571 10/05/2016
81 FR 94483 12/23/2016
No

1
IC Title Form No. Form Name
Capital Purchase Program Participants Use of Funds Survey NA ANNUAL USE OF CAPITAL SURVEY - 2015

  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 12 250 0 -238 0 0
Annual Time Burden (Hours) 960 20,000 0 -19,040 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The total number of institutions has declined steadily over the past few years. As of 2016, we had 12 institutions remaining in the program. That number will continue to decline.

$0
Yes Part B of Supporting Statement
No
No
No
Yes
Uncollected
Jennifer Leonard 202 254-6795 jennifer.leonard@hq.dhs.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.
12/23/2016


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