Federal Home Loan Bank Directors

Forms and Documents

Document Name	Status
Form Elective Director Federal Home Loan Bank Director Elections and Elective Directors: Banks Form and Instruction	Removed
Form Independent Direct Federal Home Loan Bank Independent Directors: Prospective and Incumbent Individuals Form and Instruction	Modified
Form Appointive Directo Federal Home Loan Bank Appointive Directors: Banks Form and Instruction	Removed
Form Member Director 1 Federal Home Loan Bank Member Director Eligibility Certification: Prospective and Incumbent Individuals Form and Instruction	Modified
Form Elective Director Federal Home Loan Bank Director Elections and Elective Directors: Members Form and Instruction	Removed
For Upolad_FHLBank Directors Emergency Request Letter (Amended per OMB Rvw).pdf Supplementary Document	2011-01-06
For Upload_FHLBank Directors Emergency Supporting Statement 2010 FINAL.pdf Supporting Statement A	2010-12-15
For Upolad_FHLBank Directors Emergency Request Letter.pdf Supplementary Document	2010-12-15

IC Document Collections

IC ID	Document Title	Status
32142	Federal Home Loan Bank Director Elections and Elective Directors: Banks Form and Instruction	Removed
182837	Federal Home Loan Bank Independent Directors: Prospective and Incumbent Individuals Form and Instruction	Modified
182835	Federal Home Loan Bank Appointive Directors: Banks Form and Instruction	Removed
182834	Federal Home Loan Bank Member Director Eligibility Certification: Prospective and Incumbent Individuals Form and Instruction	Modified
182833	Federal Home Loan Bank Director Elections and Elective Directors: Members Form and Instruction	Removed

ICR Details

OMB Control No: 2590-0006	ICR Reference No: 201012-2590-001
Status: Historical Active	Previous ICR Reference No: 200902-2590-005
Agency/Subagency: FHFA	Agency Tracking No:
Title: Federal Home Loan Bank Directors
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 12/30/2010
OIRA Conclusion Action: Approved with change	Conclusion Date: 01/07/2011
	Date Received in OIRA: 12/15/2010
Terms of Clearance: The previous terms of clearance have been satisfied.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2011	6 Months From Approved	02/28/2011
Responses	295	0	4,715
Time Burden (Hours)	278	0	4,581
Cost Burden (Dollars)	0	0	607,423

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Abstract: The information collection concerns administration of the Federal Home Loan Bank (Bank) director election process. It is necessary to enable the Federal Housing Finance Agency and the Banks to determine whether prospective and incumbent Bank directors satisfy statutory and regulatory eligibility and reporting requirements and to run the director election process.

Emergency Justfication: This request meets the criteria of 5 CFR § 1320.13 in that the collection of information is needed prior to the expiration of time periods established under 5 CFR part 1320, it is essential to the mission of FHFA, and FHFA cannot reasonably comply with the normal clearance procedures because the use of normal clearance procedures, which take at least 90 days, will prevent the collection of information which is expected to begin in early January 2011.

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Authorizing Statute(s): US Code: 12 USC 1427 Name of Law: Federal Home Loan Bank 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? Yes

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

IC Title	Form No.	Form Name
Federal Home Loan Bank Director Elections and Elective Directors: Members	Elective Director 1	Federal Home Loan Bank Elective Director Eligibility Certification Form
Federal Home Loan Bank Independent Directors: Prospective and Incumbent Individuals	Independent Director 2, Independent Director 1	Federal Home Loan Bank Independent Director Application Form ,   Federal Home Loan Bank Independent Director Annual Certification Form
Federal Home Loan Bank Member Director Eligibility Certification: Prospective and Incumbent Individuals	Member Director 1	Federal Home Loan Bank Member Director Eligibility Certification Form
Federal Home Loan Bank Director Elections and Elective Directors: Banks	Elective Director 1	FEDERAL HOME LOAN BANK ELECTIVE DIRECTOR ELIGIBILITY CERTIFICATION FORM
Federal Home Loan Bank Appointive Directors: Banks	Appointive Director 1, Appointive Director 2	Federal Home Loan Bank Appointive Director Application Form ,   Federal Home Loan Bank Appointive Director Annual Certification Form

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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	295	4,715	0	-4,396	-24	0
Annual Time Burden (Hours)	278	4,581	0	-4,231	-72	0
Annual Cost Burden (Dollars)	0	607,423	0	-524,242	-83,181	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The hourly and estimated annual cost burdens shown in this submission are significantly lower than those which were reflected in the Supporting Statement prepared in connection with the request for approval of this information collection that was submitted in 2007, and approved in 2008. At that time, the former Finance Board incorrectly included time spent by the Banks in connection with this information collection and the director elections to which the collection relates. FHFA has not included this time in the burden estimates set forth above because the Banks are instrumentalities of the United States and, thus, are not subject to the information collection requirements of the Paperwork Reduction Act. See 44 U.S.C. § 3502(3)(A)(i). FHFA has also removed from the burden calculations time attributable to the administration of the Bank director elections for all entities (FHFA, the Banks, Bank member institutions and prospective/incumbent directors) because, while this information collection is related to the elections, the administration of the elections is not part of the information collection and would need to occur regardless of the existence of this information collection.

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Annual Cost to Federal Government: $6,862

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]? No

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: 12/15/2010

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