Federal Home Loan Bank Directors

ICR 201108-2590-001

OMB: 2590-0006

Federal Form Document

ICR Details
2590-0006 201108-2590-001
Historical Active 201012-2590-001
FHFA
Federal Home Loan Bank Directors
Revision of a currently approved collection   No
Regular
Approved without change 10/25/2011
Retrieve Notice of Action (NOA) 08/26/2011
  Inventory as of this Action Requested Previously Approved
10/31/2014 36 Months From Approved 10/31/2011
295 0 295
278 0 278
0 0 0

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. FHFA received one public comment during the 60-day comment period. The comment questioned whether the instructions to questions 4-6 on the Member Director Eligibility Certification Form were phrased so as to accurately reflect one of the statutory requirements pertaining to the eligibility of an individual to serve as a member director of a Bank. In response to this comment, FHFA has revised question 6 of that form and its related instruction so that they more accurately state the statutory standard. These revisions have not resulted in any changes to the cost and burden estimates. The agency determined that the instructions to questions 4-5 do not need to be revised. FHFA received no comments addressing the cost and hour burden estimates.

US Code: 12 USC 1427 Name of Law: Federal Home Loan Bank Act
  
None

Not associated with rulemaking

  76 FR 30344 05/25/2011
76 FR 53458 08/26/2011
Yes

  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 295 295 0 0 0 0
Annual Time Burden (Hours) 278 278 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$6,862
No
No
No
No
No
Uncollected
Eric Raudenbush 202 414-6421 [email protected]

  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.
08/26/2011


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