Federal Home Loan Bank Capital Stock

ICR 202310-2590-001

OMB: 2590-0002

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2023-10-18
IC Document Collections
ICR Details
2590-0002 202310-2590-001
Received in OIRA 202004-2590-001
FHFA 2023-N-12
Federal Home Loan Bank Capital Stock
Revision of a currently approved collection   No
Regular 10/19/2023
  Requested Previously Approved
36 Months From Approved 11/30/2023
84,850 98,300
20,245 23,135
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

  88 FR 53484 08/08/2023
88 FR 72078 10/19/2023
No

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

  Total Request 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 84,850 98,300 0 -13,450 0 0
Annual Time Burden (Hours) 20,245 23,135 0 -2,890 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
FHFA has decreased the estimated total annual burden hours to 20,245 from the 23,135 that were shown in the Supporting Statement submitted in connection with the 2020 renewal of this information collection. This decrease is due primarily to the fact that member consolidations are more frequent since 2020 and as a result, there has been a decline in membership. With fewer members in the Federal Home Loan Bank System, the annual burden hours decreased.

$0
No
    No
    No
No
No
No
No
Angella Supervielle 202 649-3973 angella.supervielle@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.
10/19/2023


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