[Federal Register Volume 78, Number 139 (Friday, July 19, 2013)]
[Notices]
[Page 43231]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-17340]
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Submission to OMB for
Reinstatement, Without 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. Section 701.32 of the NCUA Rules and
Regulations (12 CFR 701) limits nonmember and public unit deposits in
federally insured credit unions to 20 percent of their shares or $3.0
million, whichever is greater.
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
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 the collection for 3133-0114. The collection of
information requirement is that those credit unions seeking an
exemption from the nonmember deposit limit must adopt a specific
written plan and submit their lending and investment policies, a copy
of their latest financial statement, and an explanation of the request
to the NCUA Regional Director. NCUA uses this information to determine
whether a particular credit union will be granted an exemption to the
limit on nonmember and public unit deposits. This collection of
information is necessary to protect the National Credit Union Share
Insurance Fund (``Fund''). There is no change to the burden hours from
previous submissions.
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: Payment on Shares by Public Units and Nonmembers.
OMB Number: 3133-0114.
Form Number: None.
Type of Review: Reinstatement, without change, of a previously
approved collection.
Description: 5 CFR 701.32 limits nonmember and public unit deposits
in federally insured credit unions to 20 percent of their shares or
$3.0 million, whichever is greater. The collection of information
requirement is for those credit unions seeking an exemption from the
above limit.
Respondents: Credit Unions seeking an exemption from the limits on
share deposits by public unit and nonmember accounts set by 5 CFR
701.32.
Estimated No. of Respondents/Recordkeepers: 20.
Estimated Burden Hours per Response: 2 hours.
Frequency of Response: Other. As exemption is requested.
Estimated Total Annual Burden Hours: 40.
Estimated Total Annual Cost: $1,240.
By the National Credit Union Administration Board on July 15,
2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-17340 Filed 7-18-13; 8:45 am]
BILLING CODE 7535-01-P