Depository Agreement

Paperwork Reduction Act

Change Worksheet

Agency/Subagency: U.S. Department of Housing and Urban Development Office of Public and Indian Housing			OMB Control Number: 2577-0218
Enter only items that change		Current Record		New Record**
Agency form number(s): Depository Agreement (reserve accounts) HUD-52736-A Depository Agreement (broker/dealer) HUD-52736-B		03/2013		03/2013
Annual reporting and keeping hour burden
	Number of respondents	366		366
	Total annual responses	1047		1779
	Percent of these responses collected electronically	60%		35 %
	Total annual hours	48028		48211
	Difference			183
	Explanation of difference Program change Adjustment			      183
Annual reporting and recordkeeping cost burden (in thousands of dollars)
	Total annualized Capital/Startup costs	     		     
	Total annual costs (O&M)	$864,504		$867,798
	Total annualized cost requested	$864,504		$867,798
	Difference			$3,294
	Explanation of difference Program change Adjustment			      $3,294

Other change: **

This change adds two new forms to this information collection. If the recipient of IHBG funds is accumulating funds in a reserve account, the recipient must have a depository agreement with its financial institution provisions regarding disbursement of funds (HUD-52736-A). If a recipient has received approval to invest IHBG funds and seeks to have the funds managed by a broker/dealer, there must be a depository agreement signed by both the IHBG recipient and the broker/dealer (HUD-52736-B.

The new forms are not submitted to HUD, they are kept on file by the IHBG recipient. They are a onetime form, and take approximately fifteen minutes (.25 hours) to fill out, review and complete. Each IHBG grantee is likely to have these forms, but as they are not submitted annually and only edited when the IHBG recipient changes financial institutions or broker/dealers, the changes will have no significant impact on information collection burden. The only reason the electronic response rate went down significantly is because the depository agreements are kept on file, and not submitted to HUD.

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Signature of Senior Official or Designee: X Lillian L. Deitzer, Departmental Reports Management Officer, OCIO

Date:

For OIRA Use

** This form cannot be used to extend an expiration date.

OMB 83-C 10/95