Federal Home Loan Bank Capital Stock

ICR 202004-2590-001

OMB: 2590-0002

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2020-04-28
IC Document Collections
ICR Details
2590-0002 202004-2590-001
Active 201612-2590-003
FHFA 2020-N-10
Federal Home Loan Bank Capital Stock
Revision of a currently approved collection   No
Regular
Approved without change 11/20/2020
Retrieve Notice of Action (NOA) 04/29/2020
  Inventory as of this Action Requested Previously Approved
11/30/2023 36 Months From Approved 11/30/2020
98,300 0 96,321
23,135 0 15,230
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 whether a Bank member/respondent satisfies the statutory and regulatory requirements for capital stock purchase requirements to be a member of and to borrow from a Bank. Respondents include financial institutions that are eligible for Bank membership, and members that utilize Bank products and services, such as Bank advances.

US Code: 12 USC 1426 Name of Law: Federal Home Loan Bank Act, as amended
  
None

Not associated with rulemaking

  85 FR 9471 02/19/2020
85 FR 23829 04/29/2020
No

2
IC Title Form No. Form Name
Activity-Based Stock Purchase Requirement Submissions
Membership Stock Purchase Requirement Submissions

  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 98,300 96,321 0 1,979 0 0
Annual Time Burden (Hours) 23,135 15,230 0 7,905 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
FHFA has increased the estimated total annual burden hours to 23,135 from the 15,230 that were shown in the Supporting Statement submitted in connection with the 2017 renewal of this information collection. This increase is due primarily to the fact that, based on feedback from Bank member institutions, FHFA has increased its per report burden estimate for the membership stock purchase requirement submissions from 0.5 to 0.7, and for the activity stock purchase requirement submissions from 0.13 to 0.2. The estimated total number of activity stock reports per year also rose slightly, to 91,350 from 89,001, although this was somewhat offset by a lower number of membership stock reports, to 6,950 from 7,320, due to declines in Bank membership. The estimated costs associated with the burden hours rose to $2,010,760 from $1,319,520. This was mostly due to the overall increase in estimated burden hours, but also to a slight increase in the estimated per hour costs for the employees performing the functions.

$0
No
    No
    No
No
No
No
No
Rebecca Williams 202 649-3719 rebecca.williams@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.
04/29/2020


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