Community Support Requirements

ICR 201111-2590-001

OMB: 2590-0005

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2012-06-25
Supporting Statement A
2011-11-14
IC Document Collections
IC ID
Document
Title
Status
32146
Modified
ICR Details
2590-0005 201111-2590-001
Historical Inactive 200908-2590-001
FHFA
Community Support Requirements
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 07/08/2012
Retrieve Notice of Action (NOA) 12/21/2011
The Agency will respond to comments on the proposed rule.
  Inventory as of this Action Requested Previously Approved
10/31/2012 36 Months From Approved 01/31/2013
4,100 0 4,100
7,190 0 7,190
0 0 0

The Federal Housing Finance Agency (FHFA) has a continued need to use the existing collection of information to determine if Federal Home Loan Bank members satisfy the statutory and regulatory community support requirements.

US Code: 12 USC 1430(g)(1) Name of Law: Federal Home Loan Bank Act
  
None

2590-AA38 Proposed rulemaking 76 FR 70069 11/10/2011

No

1
IC Title Form No. Form Name
Community Support Requirements

No
Yes
Miscellaneous Actions
The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking that would amend 12 CFR part 1290 to transfer from FHFA to the 12 Federal Home Loan Banks (Banks) the responsibility for collecting information on members' compliance with the community support standards, and for processing and acting on members' requests to remove restrictions on access to long-term advances. Under the proposed rule, the use of FHFA Form 60 would be discontinued, although the Banks would be free to adopt a similar form or to use other appropriate means for the collection of information on compliance with the community support standards. As described in the Supporting Statement, the scope of compliance information to be collected will be slightly narrower under the proposed rule because members will no longer be required to report their current Community Reinvestment Act evaluation ratings (the Banks will obtain this information from other sources). The proposed rule would not substantively or materially modify the approved information collection with respect to the members' information collection burden, although it would materially decrease the time and hour burden on FHFA. The currently approved time burden (7,190) included FHFA and the Banks time burden; however, this should have been reported as 4,115 hours (the members time burden).

$1,680
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.
12/21/2011


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