[Federal Register Volume 78, Number 187 (Thursday, September 26, 2013)]
[Notices]
[Pages 59377-59378]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-23478]
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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 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 receive assistance from the Community Development Revolving
Loan Fund.
DATES: Comments will be accepted until October 28, 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
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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 September
20, 2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-23478 Filed 9-25-13; 8:45 am]
BILLING CODE 7535-01-P