[Federal Register Volume 78, Number 139 (Friday, July 19, 2013)]
[Notices]
[Pages 43229-43230]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-17337]
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Submission to OMB for
Reinstatement, With Change, of a Previously Approved Collection;
Comment Request
AGENCY: National Credit Union Administration (NCUA).
ACTION: Request for comment.
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SUMMARY: The NCUA intends to submit the following information
collection to the Office of Management and Budget (OMB) for review and
clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44
U.S.C. chapter 35). This information collection is published to obtain
comments from the public. Part 749 of the NCUA Regulations directs each
credit union to have a vital records preservation program that includes
procedures for maintaining duplicate vital records at a location far
enough from the credit union's offices to avoid the simultaneous loss
of both sets of records in the event of a disaster. Part 749 requires a
written vital records preservation program that includes a schedule for
the storage and destruction of records and emergency contact
information for employees, officials, regulatory offices, and vendors
used to support vital records.
DATES: Comments will be accepted until September 17, 2013.
ADDRESSES: Interested parties are invited to submit written comments to
the NCUA Contact and the OMB Reviewer listed below:
NCUA Contact: Tracy Crews, National Credit Union Administration,
1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-
2861, Email: [email protected].
OMB Contact: Office of Management and Budget, ATTN: Desk Officer
for the National Credit Union Administration, Office of Information and
Regulatory Affairs, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Requests for additional information, a
copy of the information collection request, or a copy of submitted
[[Page 43230]]
comments should be directed to Tracy Crews at the National Credit Union
Administration, 1775 Duke Street, Alexandria, VA 22314-3428, or at
(703) 518-6444.
SUPPLEMENTARY INFORMATION:
I. Abstract and request for comments
NCUA is reinstating and amending the collection for 3133-0032.
Credit union records preservation programs enable NCUA to ensure that
federally-insured credit unions (FICUs) can reconstruct their vital
records in the event that records are destroyed by a catastrophe and
facilitates restoration of vital member services. The program does not
have to be submitted to the NCUA but must be available for review by
examination staff. The frequency of collection will be unique to each
credit union based on its operations, storage schedule, and storage
methods, but occurs on a flow basis at least quarterly. NCUA has
modified the cost basis for this data collection to focus on the
recordkeeping labor cost of maintaining a records preservation program
rather than the technology cost to store records offsite. NCUA believes
that electronically backing up and storing credit union records offsite
has become a usual and customary business practice. Therefore, credit
union labor costs are the appropriate recordkeeping burden associated
with maintaining a records preservation program under Part 749. This is
the primary reason why the total annual burden has decreased, along
with a decline in the number of FICUs from 8,420 to 6,753 and newly
chartered FICUs from 15 to 5.
The NCUA requests that you send your comments on this collection to
the location listed in the addresses section. Your comments should
address: (a) The necessity of the information collection for the proper
performance of NCUA, including whether the information will have
practical utility; (b) the accuracy of our estimate of the burden
(hours and cost) of the collection of information, including the
validity of the methodology and assumptions used; (c) ways we could
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways we could minimize the burden of the collection
of the information on the respondents such as through the use of
automated collection techniques or other forms of information
technology. It is NCUA's policy to make all comments available to the
public for review.
II. Data
Title: Records Preservation under 12 CFR Part 749.
OMB Number: 3133-0032.
Form Number: None.
Type of Review: Reinstatement, with change, of a previously
approved collection.
Description: Part 749 of NCUA Regulations directs each credit union
to develop and maintain a records preservation program and maintain a
log for records stored and destroyed.
Respondents: All credit unions.
Estimated No. of Respondents/Recordkeepers: 6,758. This total
consists of 6,753 existing FICUs as of 3/31/2013, and an anticipated 5
newly chartered FICUs in 2013.
Estimated Burden Hours Per Response: 2 hours for existing FICUs and
8 hours for newly chartered FICUs.
Frequency of Response: Quarterly.
Estimated Total Annual Burden Hours: 13,546
Estimated Total Annual Cost: $427,512
By the National Credit Union Administration Board on July 15,
2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-17337 Filed 7-18-13; 8:45 am]
BILLING CODE 7535-01-P