[Federal Register Volume 78, Number 155 (Monday, August 12, 2013)]
[Notices]
[Pages 48912-48913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-19393]
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Submission to OMB for
Reinstatement, With, 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 and is not part of any new requirements or
program changes. This information collection is related to credit
unions that serve predominately low-income members and seek a low-
income designation from NCUA so they may benefit from certain statutory
relief and
[[Page 48913]]
receive assistance from the Community Development Revolving Loan Fund.
DATES: Comments will be accepted until October 11, 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 NCUA, 1775 Duke
Street, Alexandria, VA 22314-3428, or at (703) 518-6444. For additional
information about low-income designations, contact Susan Ryan in the
NCUA Office of Consumer Protection, Division of Consumer Access, at the
above address, or at (703) 518-1140.
SUPPLEMENTARY INFORMATION:
I. Abstract and Request for Comments
NCUA is amending and reinstating the collection for 3133-0117. The
collection of information requirement is for those credit unions
seeking a low-income designation. A credit union's member address data
are utilized for analysis in the NCUA Low-Income Designation (LID)
Tool. The LID Tool is a geocoding software program which analyzes
member address data. A credit union's member address data are obtained
either through the NCUA examination file or a credit union sends the
data as an electronic attachment to NCUA. If the member address data
are obtained through the examination process and the results of the LID
Tool indicate the credit union serves predominantly low-income members,
the credit union is notified it is eligible for the low-income
designation. The credit union then must contact NCUA to opt for the
designation. If the credit union wishes to have its data reviewed other
than through the examination process, it may send an electronic member
address data file for analysis in the LID Tool.
If a credit union does not qualify for a low-income designation
using the geocoding software (LID Tool), it may submit a statistically
valid sample of member income data as evidence it qualifies for the
designation. Credit unions are permitted to draw this sample from loan
files or a member survey.
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: Designation of Low-Income Status.
OMB Number: 3133-0117.
Form Number: None.
Type of Review: Reinstatement, with change, of a previously
approved collection.
Description: Credit unions that obtain a low-income designation
benefit from certain statutory relief, including: Accepting nonmember
deposits from any source; offering secondary capital accounts; an
exemption from the aggregate loan limit for member business loans; and
being eligible to receive assistance from the Community Development
Revolving Loan Fund.
Respondents: Certain credit unions serving predominantly low-income
members.
Estimated Number of Respondents/Recordkeepers: 265 (260 credit
unions requesting the designation utilizing the LID Tool, and 5 credit
unions requesting the designation utilizing the sampling method).
Estimated Burden Hours per Response: 15 minutes for LID Tool; 40
hours for sampling method.
Frequency of Response: Once, on occasion, and recordkeeping.
Estimated Total Annual Burden Hours: 265 hours.
Estimated Total Annual Cost: $20,000.
By the National Credit Union Administration Board on August 6,
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-19393 Filed 8-9-13; 8:45 am]
BILLING CODE 7535-01-P