Members of the Banks

Forms and Documents

Document Name	Status
2013 Emerg Extend Request Letter_Membership 2590-0003.pdf Supplementary Document	2013-09-30
ROCIS EmergExtendRequest_DRAFT PRA Membership 2590-0003 SuppStatmnt (2013-09-30).pdf Supporting Statement A	2013-09-30

IC Document Collections

IC ID	Document Title	Status
32150	Membership Application Process	Modified
180120	Transfer of Membership	Modified
180119	Withdrawals From Membership	Modified
180118	Initial Capital Stock Calculation	Removed
180117	Membership Application Process Appeals	Modified

ICR Details

OMB Control No: 2590-0003	ICR Reference No: 201309-2590-002
Status: Historical Active	Previous ICR Reference No: 201006-2590-001
Agency/Subagency: FHFA	Agency Tracking No:
Title: Members of the Banks
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 09/30/2013
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/30/2013
	Date Received in OIRA: 09/30/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2013	6 Months From Approved	09/30/2013
Responses	434	0	577
Time Burden (Hours)	2,262	0	5,564
Cost Burden (Dollars)	0	0	0

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Abstract: The information collection is necessary to enable the Federal Home Loan Banks (Banks) and, where appropriate, the Federal Housing Finance Agency (FHFA) to determine if a respondent satisfies the statutory and regulatory requirements to be certified initially and maintain its status as a member eligible to obtain Bank advances. Respondents include financial institutions that are or are eligible to become Bank members.

Emergency Justfication: The comment period for the collection ended on August 30, 2013. During and after the comment period, FHFA canvassed several Federal Home Loan Banks (Banks), each of which in turn contacted several of its member institutions, to obtain more accurate estimates of the burdens and costs imposed by the information collection. Because of the broad-based outreach, it took longer than anticipated to obtain useful responses. Once an adequate number of responses were received, it became apparent that some of the calculations used in the burden calculations for the 2010 clearances for the collections were incorrect. FHFA was required to re-confirm its data and calculations and to write explanations for the new burden estimates. Unfortunately, the process of integrating and reviewing these new burden estimates was not completed in time for the 30-day notices to be published by the September 30th expiration date. Because of this, we emergency extension of the clearance for the existing information collections to give the agency time to publish the 30-day notice for the request. Pursuant to 5 CFR 1320.13(d), FHFA also requests a waiver of the notice requirement for this emergency request because it anticipates filing the normal 30-day notice very soon.

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Authorizing Statute(s): US Code: 12 USC 1424 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:
	78 FR 39293	07/01/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Initial Capital Stock Calculation
Membership Application Process Appeals
Withdrawals From Membership
Transfer of Membership
Membership Application Process

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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	434	577	0	-1	-142	0
Annual Time Burden (Hours)	2,262	5,564	0	-1,740	-1,562	0
Annual Cost Burden (Dollars)	0	0	0	0	0	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: Agency's more accurate calculations.

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Annual Cost to Federal Government:

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: 09/30/2013

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