Capital Requirements for the Federal Home Loan Banks

Forms and Documents

Document Name	Status
PRA Bank Capital Requirements Supporting Statement_for Upload.pdf Supporting Statement A	2010-06-25

IC Document Collections

IC ID	Document Title	Status
32166	Activity-Based Stock Purchase Requirements	Modified
179702	Membership Stock Purchase Requirements	Modified

ICR Details

OMB Control No: 2590-0002	ICR Reference No: 201006-2590-002
Status: Historical Active	Previous ICR Reference No: 200902-2590-001
Agency/Subagency: FHFA	Agency Tracking No: 2010-N-08
Title: Capital Requirements for the Federal Home Loan Banks
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 09/16/2010
	Date Received in OIRA: 07/14/2010
Terms of Clearance: FHFA has revised its burden estimates to avoid double counting.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2013	36 Months From Approved	09/30/2010
Responses	60,452	0	179,060
Time Burden (Hours)	3,023	0	8,953
Cost Burden (Dollars)	0	0	367,073

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Abstract: 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.

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Authorizing Statute(s): US Code: 12 USC 1426 Name of Law: Federal Home Loan Bank Act, as amended
  

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
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 15431	03/29/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 40834	07/14/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Activity-Based Stock Purchase Requirements
Membership Stock Purchase Requirements

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ICR Summary 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	60,452	179,060	0	0	-118,608	0
Annual Time Burden (Hours)	3,023	8,953	0	0	-5,930	0
Annual Cost Burden (Dollars)	0	367,073	0	0	-367,073	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

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: 07/14/2010

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