Federal Home Loan Bank Directors

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form Independent Direct FHFA Form 130 - Federal Home Loan Bank Independent Director Annual Certification	Form and Instruction	Modified	Available
Form Independent Direct Federal Home Loan Bank Independent Directors: Incumbent Individuals	Form and Instruction	Modified	Repair queued
Form Independent Direct FHFA Form 129 - Federal Home Loan Bank Independent Director Application Form	Form and Instruction	Modified	Available
Form Independent Direct Federal Home Loan Bank Independent Directors: Prospective Individuals	Form and Instruction	Modified	Repair queued
Form Member Director Fo FHFA Form 131 - Federal Home Loan Bank Member Director Eligibility Certificate Form	Form and Instruction	Modified	Available
Form Member Director Fo Federal Home Loan Bank Member Director Eligibility Certification: Prospective and Incumbent Individuals	Form and Instruction	Modified	Repair queued
2024 Bank Director Forms Supporting Statement.docx	Supporting Statement A	Uploaded 2024-08-12	Available
2024 Bank Director Forms Supporting Statement.docx	Supporting Statement A	Uploaded 2024-08-12	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
213660	Federal Home Loan Bank Independent Directors: Incumbent Individuals	Form and Instruction	Modified	FHFA Form 130 - Federal Home Loan Bank Independent Director Annual Certification
213660	Federal Home Loan Bank Independent Directors: Incumbent Individuals	Form and Instruction	Modified
182837	Federal Home Loan Bank Independent Directors: Prospective Individuals	Form and Instruction	Modified	FHFA Form 129 - Federal Home Loan Bank Independent Director Application Form
182837	Federal Home Loan Bank Independent Directors: Prospective Individuals	Form and Instruction	Modified
182834	Federal Home Loan Bank Member Director Eligibility Certification: Prospective and Incumbent Individuals	Form and Instruction	Modified	FHFA Form 131 - Federal Home Loan Bank Member Director Eligibility Certificate Form
182834	Federal Home Loan Bank Member Director Eligibility Certification: Prospective and Incumbent Individuals	Form and Instruction	Modified

ICR Details

OMB Control No: 2590-0006	ICR Reference No: 202408-2590-001
Status: Active	Previous ICR Reference No: 202304-2590-002
Agency/Subagency: FHFA	Agency Tracking No: 2024-N-11
Title: Federal Home Loan Bank Directors
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 09/12/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 08/13/2024
Terms of Clearance: The agency made minor modifications to clarify the level of specificity required for certain date fields.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2027	36 Months From Approved
Responses	316	0	0
Time Burden (Hours)	269	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The information collection concerns administration of the Federal Home Loan Bank (Bank) director election process. It is necessary to enable the Federal Housing Finance Agency and the Banks to determine whether prospective and incumbent Bank directors satisfy statutory and regulatory eligibility and reporting requirements and to run the director election process.

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Authorizing Statute(s): US Code: 12 USC 1427 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:
	89 FR 48612	06/07/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 65881	08/13/2024
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
Federal Home Loan Bank Independent Directors: Incumbent Individuals	Independent Director Form 2	FHFA Form 130 - Federal Home Loan Bank Independent Director Annual Certification
Federal Home Loan Bank Independent Directors: Prospective Individuals	Independent Director Form 1	FHFA Form 129 - Federal Home Loan Bank Independent Director Application Form
Federal Home Loan Bank Member Director Eligibility Certification: Prospective and Incumbent Individuals	Member Director Form 1	FHFA Form 131 - Federal Home Loan Bank Member Director Eligibility Certificate Form

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ICR Summary of Burden

table that charts list 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	316	0	0	0	75	241
Annual Time Burden (Hours)	269	0	0	0	150	119
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: The total hourly burden estimate has increased by 150 hours, from 119 hours to 269 hours. This increase is due to a revised analysis of the number of Independent Director Application Forms submitted to the Banks annually, which was increased from 25 forms to 100. The increased estimate reflects the fact that, while the Banks nominate a total of approximately 25 individuals for independent directorship seats annually, they typically receive forms from several potential nominees for each open independent directorship. The estimated number of Independent Director Application Forms reflected under Item #14 remains at 25, because the Banks only forward to FHFA for review the forms for those individuals that they actually nominate for an independent directorship seat.

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Annual Cost to Federal Government: $5,152

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.     Yes

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.     Yes

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: 08/13/2024

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