Community Support Requirements

Forms and Documents

Document Name	Status
Form FHFA Form 060 Community Support Statements Form and Instruction	Modified
Form FHFA Form 060 Community Support Statements Form and Instruction	Modified
FHFA Form 060 CommunitySupportStatement PDF_Added Disclaimer Highlighted.pdf Supplementary Document	2024-07-10
FHFA Form 060 CommunitySupportStatement PDF_Added Disclaimer Highlighted.pdf Supplementary Document	2024-07-10
2590-0005 Justify Nomatrl-Nonsub Change Community Support.pdf Justification for No Material/Nonsubstantive Change	2024-07-10
2590-0005 Justify Nomatrl-Nonsub Change Community Support.pdf Justification for No Material/Nonsubstantive Change	2024-07-10
ROCIS_CSR Supporting Statement_2022 Renewal.pdf Supporting Statement A	2022-11-26
ROCIS_CSR Supporting Statement_2022 Renewal.pdf Supporting Statement A	2022-11-26

IC Document Collections

IC ID	Document Title	Status
32146	Community Support Statements Form and Instruction	Modified
32146	Community Support Statements Form and Instruction	Modified
225078	Request to Remove a Restriction on Access to Long-Term Advances	Unchanged

ICR Details

OMB Control No: 2590-0005	ICR Reference No: 202407-2590-001
Status: Active	Previous ICR Reference No: 202211-2590-001
Agency/Subagency: FHFA	Agency Tracking No:
Title: Community Support Requirements
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/15/2024
	Date Received in OIRA: 07/10/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2026	04/30/2026	04/30/2026
Responses	3,137	0	3,137
Time Burden (Hours)	1,884	0	1,884
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Housing Finance Agency uses the information to determine if Federal Home Loan Bank members satisfy the statutory and regulatory community support requirements. Only members meeting the requirements may access long-term advances.

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Authorizing Statute(s): US Code: 12 USC 1430(g)(1) Name of Law: Federal Home Loan Bank Act
  

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:
	87 FR 51095	08/19/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 72994	11/28/2022
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Community Support Statements	FHFA Form 060	FHFA Community Support Program Community Support Statement
Request to Remove a Restriction on Access to Long-Term Advances

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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	3,137	3,137	0	0	0	0
Annual Time Burden (Hours)	1,884	1,884	0	0	0	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: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $60,876

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 07/10/2024

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