New Issue Bond Program and Temporary Credit and Liquidity Program

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
HFA Initiative Supporting Statement.docx	Supporting Statement A	Uploaded 2010-06-11	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
193264	Compliance Certification (Local Governments)	Instruction	New
193263	Compliance Certification (State Governments)	Instruction	New
193262	Notices and Certifications (Local Governments)	Other-Spreadsheet	New
193261	Notices and Certifications (State Governments)	Other-Spreadsheet	New
193260	Other Data (Local Governments)	Other-Spreadsheet	New
193259	Other Data (State Governments)	Other-Spreadsheet	New
193258	Information for Housing Goals (Local Governments)	Other-Spreadsheet	New
193257	Information for Housing Goals (State Governments)	Other-Spreadsheet	New
193256	Loan Portfolio Performance Data (Local Governments)	Other-Spreadsheet	New
193255	Loan Portfolio Performance Data (State Governments)	Other-Spreadsheet	New
193254	Trustee Trial Balance (Local Governments)	Other-Spreadsheet	New
193253	Trustee Trial Balance (State Governments)	Other-Spreadsheet	New
193252	Indenture Cash Flow Certificates (Local Governments)	Other-Spreadsheet	New
193251	Indenture Cash Flow Certificates (State Governments)	Other-Spreadsheet	New
193250	Presentations to Rating Agencies (Local Governments)	Other-Spreadsheet	New
193249	Presentations to Rating Agencies (State Governments)	Other-Spreadsheet	New
193248	Ratings Letters/Report (Local Governments)	Other-Spreadsheet	New
193247	Ratings Letters/Report (State Governments)	Other-Spreadsheet	New
193246	Copies of Official Statements (Local Governments)	Other-Spreadsheet	New
193245	Copies of Official Statements (State Governments)	Other-Spreadsheet	New
193244	Current Counterparties (Local Governments)	Other-Spreadsheet	New
193243	Current Counterparties (State Governments)	Other-Spreadsheet	New
193242	Material Events Filings (Local Governments)	Other-Spreadsheet	New
193240	Material Events Filings (State Governments)	Other-Spreadsheet	New
193239	Secondary Market Disclosures (Local Governments)	Other-Spreadsheet	New
193238	Secondary Market Disclosures (State Governments)	Other-Spreadsheet	New
193237	Indenture Financial Statements (Local Governments)	Other-Spreadsheet	New
193236	Indenture Financial Statements (State Governments)	Other-Spreadsheet	New
193235	Issuer Financial Statements (Local Governments)	Other-Spreadsheet	New
193234	Issuer Financial Statements (State Governments)	Other-Spreadsheet	New

ICR Details

OMB Control No: 1505-0224	ICR Reference No: 201006-1505-006
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: New Issue Bond Program and Temporary Credit and Liquidity Program
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 06/15/2010
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/16/2010
	Date Received in OIRA: 06/11/2010
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2010	6 Months From Approved
Responses	4,813	0	0
Time Burden (Hours)	26,170	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Authorized under section 304(g) of the Federal National Mortgage Association Charter Act (12 U.S.C. 1719(g)) and Section 306(l) of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1455(l), as amended by the Housing and Economic Recovery Act (HERA) of 2008 (Public Law 110-289; approved July 30, 2008) the Department of the Treasury (Treasury) is implementing two programs under the HFA (Housing Finance Agency) Initiative. The statute provides the Secretary authority to purchase securities and obligations of Fannie Mae and Freddie Mac (the GSEs) as he determines necessary to stabilize the financial markets, prevent disruptions in the availability of mortgage finance, and to protect the taxpayer. On December 4, 2009, the Secretary made the appropriate determination to authorize the two programs of the HFA Initiative: the New Issue Bond Program (NIBP) and the Temporary Credit and Liquidity Program (TCLP). Under the NIBP, Treasury has purchased securities from the GSEs backed by mortgage revenue bonds issued by participating state and local HFAs. Under the TCLP, Treasury has purchased a participation interest from the GSEs in temporary credit and liquidity facilities provided to participating HFAs as a liquidity backstop on their variable-rate debt. In order to properly manage the two programs of the initiative, continue to protect the taxpayer, and assure compliance with the Programs’ provisions, Treasury is instituting a series of data collection requirements to be completed by participating HFAs and furnished to Treasury through the GSEs.

Emergency Justfication: The Department of the Treasury (Treasury) respectfully requests emergency processing and approval of the collection of information requested from Housing Finance Agencies (HFAs) participating in Treasury’s New Issue Bond Program and Temporary Credit and Liquidity Program. The collection of information is needed to fulfill Treasury’s responsibilities under the Housing and Economic Recovery Act (HERA) of 2008 (Public Law 110-289; approved July 30, 2008). Treasury cannot reasonably comply with the normal clearance procedures under 5 C.F.R. Part 1320 because the speed with which these programs were implemented in light of the turmoil in the financial markets. Accelerated implementation requires a similarly rapid collection of information for Treasury to effectively manage the programs of this Initiative.

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Authorizing Statute(s): US Code: 12 USC 1455(l) Name of Law: Federal Home Loan Mortgage Corporation Act
   US Code: 12 USC 1719(g) Name of Law: Federal National Mortgage Association Charter Act
   PL: Pub.L. 110 - 289 --- Name of Law: Housing and Economic Recovery Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 30

table that charts list of burden

IC Title	Form No.	Form Name
Information for Housing Goals (Local Governments)
Other Data (State Governments)
Ratings Letters/Report (Local Governments)
Trustee Trial Balance (State Governments)
Information for Housing Goals (State Governments)
Presentations to Rating Agencies (State Governments)
Compliance Certification (Local Governments)
Trustee Trial Balance (Local Governments)
Loan Portfolio Performance Data (Local Governments)
Material Events Filings (Local Governments)
Secondary Market Disclosures (Local Governments)
Material Events Filings (State Governments)
Other Data (Local Governments)
Current Counterparties (State Governments)
Notices and Certifications (State Governments)
Current Counterparties (Local Governments)
Presentations to Rating Agencies (Local Governments)
Notices and Certifications (Local Governments)
Compliance Certification (State Governments)
Copies of Official Statements (Local Governments)
Loan Portfolio Performance Data (State Governments)
Indenture Cash Flow Certificates (State Governments)
Issuer Financial Statements (State Governments)
Indenture Cash Flow Certificates (Local Governments)
Indenture Financial Statements (State Governments)
Indenture Financial Statements (Local Governments)
Secondary Market Disclosures (State Governments)
Copies of Official Statements (State Governments)
Ratings Letters/Report (State Governments)
Issuer Financial Statements (Local Governments)

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ICR Summary of Burden

table that charts list of burden

	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	4,813	0	0	4,813	0	0
Annual Time Burden (Hours)	26,170	0	0	26,170	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: This is a new collection.

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Annual Cost to Federal Government:

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]? Uncollected

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

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 06/11/2010

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