[Federal Register Volume 78, Number 167 (Wednesday, August 28, 2013)]
[Notices]
[Page 53168]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20948]
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Submission to OMB for
Reinstatement of a Previously Approved Information 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.
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 the collection for 3133-0108. Section 748.2 of
NCUA's regulations, 12 CFR 748.2, directs credit unions to adopt a
written program and to maintain procedures that ensure the credit
union's continued compliance with the Bank Secrecy Act (BSA) (31 U.S.C.
5311-5330) and Department of Treasury's reporting and recordkeeping
regulations (31 CFR part 1000). NCUA examiners review the programs to
determine whether the credit union's procedures comply with the Bank
Secrecy Act requirements. The requirement that credit unions establish
written BSA compliance procedures is a one-time event, but revisions to
those procedures must occur as deemed necessary.
NCUA examiners review the written procedures during examinations in
order to ensure the implementation of adequate systems for complying
with the BSA and its implementing regulations.
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
Proposal for the following collection of information:
OMB Number: 3133-0108.
Form Number: None.
Type of Review: Reinstatement of a previously approved collection.
Title: Monitoring Bank Secrecy Act Compliance.
Description: The collection is needed to allow NCUA to determine
whether credit unions have established a program reasonably designed to
assure and monitor their compliance with currency recordkeeping and
reporting requirements established by Federal statute and Department of
Treasury Regulations.
Respondents: Federally Insured Credit Unions.
Estimated Number of Respondents/Recordkeepers: 6,753.
Estimated Burden Hours per Response: 16 hours.
Frequency of Response: Annually.
Estimated Total Annual Burden Hours: 108,048.
Estimated Total Annual Cost: 0.
By the National Credit Union Administration Board on August 22,
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-20948 Filed 8-27-13; 8:45 am]
BILLING CODE 7535-01-P