Reporting and Disclosure Requirements Associated with Emergency Lending Under Section 13(3)

Forms and Documents

Document Name	Status
FRA_20210729_omb.pdf Supporting Statement A	2021-07-29

IC Document Collections

IC ID	Document Title	Status
245373	Disclosure FR A-4	Modified
244338	Reporting FR A-3 Borrower certifications Nonprofit organizations	Modified
241771	Reporting FR A-3 Borrower certifications For-profit businesses	Modified
241770	Reporting FR A-3 Lender certifications	Modified
241769	Reporting FR A-2	Modified
225771	Reporting FR A-1	Modified

ICR Details

OMB Control No: 7100-0373	ICR Reference No: 202107-7100-006
Status: Active	Previous ICR Reference No: 202012-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR A
Title: Reporting and Disclosure Requirements Associated with Emergency Lending Under Section 13(3)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/29/2021
	Date Received in OIRA: 07/29/2021
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2024	36 Months From Approved	07/31/2021
Responses	21,026	0	21,026
Time Burden (Hours)	257,305	0	257,305
Cost Burden (Dollars)	0	0	0

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Abstract: This information collection comprises the following four parts: • Regulation A Certifications (FR A-1) pertains to reporting requirements resulting from Regulation A - Extensions of Credit by Federal Reserve Banks (12 CFR Part 201), which sets out the Board’s policies and procedures with respect to emergency lending under section 13(3) of the Federal Reserve Act (section 13(3)), • CARES Act Certifications (FR A-2) pertains to reporting requirements associated with implementation of requirements under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), • Main Street Lending Program Certifications (FR A-3) pertains to reporting requirements specific to the Main Street Expanded Loan Facility (MSELF), Main Street New Loan Facility (MSNLF), Main Street Priority Loan Facility (MSPLF), Nonprofit Organization Expanded Loan Facility (NOELF), and Nonprofit Organization New Loan Facility (NONLF) (collectively, the Main Street Lending Program), and • Main Street Lending Program Disclosure (FR A-4) pertains to disclosure requirements associated with Main Street borrowers who participate in the Paycheck Protection Program (PPP).

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Authorizing Statute(s): US Code: 12 USC 343(3) Name of Law: Federal Reserve 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:
	85 FR 12295	03/02/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 40842	07/29/2021
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Disclosure FR A-4
Reporting FR A-1
Reporting FR A-2
Reporting FR A-3 Borrower certifications For-profit businesses
Reporting FR A-3 Borrower certifications Nonprofit organizations
Reporting FR A-3 Lender certifications

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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	21,026	21,026	0	0	0	0
Annual Time Burden (Hours)	257,305	257,305	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: $83,100

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.     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? Yes

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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: 07/29/2021

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