Troubled Asset Relief Program (TARP) - Capital Purchase Program (CPP) Participants Use of Funds Survey

ICR 201309-1505-003

OMB: 1505-0222

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement B
2013-09-30
Supporting Statement A
2013-09-30
IC Document Collections
ICR Details
1505-0222 201309-1505-003
Historical Active 201202-1505-002
TREAS/DO TARP
Troubled Asset Relief Program (TARP) - Capital Purchase Program (CPP) Participants Use of Funds Survey
Revision of a currently approved collection   No
Regular
Approved without change 12/30/2013
Retrieve Notice of Action (NOA) 09/30/2013
  Inventory as of this Action Requested Previously Approved
12/31/2016 36 Months From Approved 12/31/2013
250 0 640
20,000 0 51,200
0 0 0

Authorized under the Emergency Economic Stabilization Act (EESA) of 2008 (Pub. L. 110-343), the Department of the Treasury has implemented several aspects of the Troubled Asset Relief Program (TARP). The TARP includes several components including a voluntary Capital Purchase Program (CPP) under which the Department has purchased qualifying capital in U.S. banking organizations. The CPP is an important part of the Department's efforts to restore confidence in our financial system and ensure that credit continues to be available to consumers and businesses. As an essential part of restoring confidence, the Treasury has committed to determining the effectiveness of the CPP. Additionally, American taxpayers are particularly interested in knowing how banks have used the money that Treasury has invested through the CPP. Consequently, the Treasury is seeking responses from banking institutions that have received CPP funds regarding: how the CPP investment has affected the banks' operations, how these institutions have used CPP funds, and how their usage of CPP funds has changed over time. The information will be used to gauge how participants in the CPP are utilizing TARP capital.

PL: Pub.L. 110 - 343 101 Name of Law: Emergency Economic Stabilization Act of 2008
  
None

Not associated with rulemaking

  78 FR 34160 06/06/2013
78 FR 59757 09/27/2013
No

1
IC Title Form No. Form Name
Capital Purchase Program Participants Use of Funds Survey

  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 250 640 0 0 -390 0
Annual Time Burden (Hours) 20,000 51,200 0 0 -31,200 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The total number of institutions has declined steadily over the past few years. As of 2013, we had approximately 250 institutions remaining in the program. That number will continue to decline. The reduction of 31,200 burden hours is due to an adjustment.

$0
Yes Part B of Supporting Statement
No
No
No
Yes
Uncollected
Daniel Abramowitz 202 927-9645 [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.
09/30/2013


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