[Federal Register Volume 78, Number 167 (Wednesday, August 28, 2013)]
[Notices]
[Pages 53169-53170]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20931]
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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. This information
collection is published to obtain comments from the public. The NCUA's
rules and regulations direct 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. The NCUA's rules and regulations require 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 27, 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 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
[[Page 53170]]
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 Number 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 August 22,
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-20931 Filed 8-27-13; 8:45 am]
BILLING CODE 7535-01-P