Terms of the previous clearance remain in effect. OMB files this comment in accordance with 5 CFR 1320.11(c). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. In accordance with 5 CFR 1320, the information collection is not approved at this time. Prior to publication of the final rule, the agency should provide to OMB a summary of all comments received on the proposed information collection and identify any changes made in response to these comments.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
12/31/2016
36 Months From Approved
02/28/2017
434
0
434
2,262
0
2,262
0
0
0
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.
US Code:
12 USC 1424
Name of Law: Federal Home Loan Bank Act, as amended
FHFA is publishing a proposed rule that would amend 12 CFR part 1263 to change the way the regulation requires the Federal Home Loan Banks to determine whether an institution is eligible for Bank membership. If adopted as proposed, the rule would add another IC to part 1263 that would impose some additional record keeping and reporting burdens on institutions that choose to provide their Bank with an auditor certification to demonstrate compliance with the new regulatory requirements.
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.
Membership Rule PRA Supporting Statement--for NPR 2014-09-12.pdf
Membership Application Process