[Federal Register Volume 81, Number 74 (Monday, April 18, 2016)]
[Notices]
[Pages 22649-22650]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08876]
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities; Proposed Collections;
Comment Request
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comment.
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SUMMARY: NCUA, as part of its continuing effort to reduce paperwork
[[Page 22650]]
and respondent burden, invites the general public and other Federal
agencies to comment on these reinstatements of previously approved
collections, as required by the Paperwork Reduction Act of 1995 (Pub.
L. 104-13, 44 U.S.C. Chapter 35).
DATES: Comments should be received on or before June 17, 2016 to be
assured consideration.
ADDRESSES: Interested persons are invited to submit written comments on
the information collection to Troy Hillier, National Credit Union
Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428; Fax
No. 703-519-8595; or Email at [email protected].
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0092.
Title: Loans to Members and Lines of Credit to Members, 12 CFR
701.21 and 12 CFR 741.
Abstract: Section 107(5) of the Federal Credit Union Act authorizes
Federal Credit Unions to make loans to members and issue lines of
credit (including credit cards) to members. Part 741 of NCUA's rules
and regulations established requirements for all federally insured
credit unions related to loans to members and lines of credit union
members. Additionally, NCUA's rules and regulations at Sec. 701.21
establish additional requirements related to loans to members and lines
of credit to members for federal credit unions. These regulations
include various information collections to ensure credit unions comply
with applicable laws and operate in a safe and sound manner.
Type of Review: Reinstatement, with change, of a previously
approved collection.
Affected Public: Private sector: not-for-profit institutions.
Estimated Number of Respondents: 3,856.
Estimated Number of Responses per Respondent: 392.
Estimated Burden Hours per Response: 0.28.
Estimated Total Annual Burden Hours: 423,451.
Reason for Change: NCUA is combining all of the information
collection requirements associated with member loans (12 CFR 701.21 and
the associated requirements in 12 CFR 741) under a single control
number. Upon approval of the reinstatement, NCUA will discontinue use
of two other control numbers (3133-0139 and 3133-0171) associated with
this program.
OMB Number: 3133-0127.
Title: Purchase, Sale and Pledge of Eligible Obligations, 12 CFR
701.23.
Abstract: The Federal Credit Union Act limits the amount of
eligible obligations a federal credit union is permitted to purchase,
sell, pledge, discount, receive or dispose of under Section 107(13), 12
U.S.C. 107. NCUA's rules and regulations further govern this limitation
by prescribing additional requirements under Sec. 701.23. The various
information collections are in place to ensure a federal credit union's
activities related to the purchase, sale, and pledge of eligible
obligations comply with applicable laws and are conducted in a safe and
sound manner.
Type of Review: Reinstatement without change of a previously
approved collection.
Affected Public: Private sector: not-for-profit institutions.
Estimated Number of Respondents: 1,004.
Estimated Number of Responses per Respondent: 38.
Estimated Burden Hours per Response: 0.27.
Estimated Total Annual Burden Hours: 10,540.
Request for Comments: Comments submitted in response to this notice
will be summarized and included in the request for Office of Management
and Budget approval. All comments will become a matter of public
record. The public is invited to submit comments concerning: (a)
Whether the collection of information is necessary for the proper
performance of the function of the agency, including whether the
information will have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
the information on the respondents, including the use of automated
collection techniques or other forms of information technology.
By Gerard Poliquin, Secretary of the Board, the National Credit
Union Administration, on April 13, 2016.
Dated: April 13, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-08876 Filed 4-15-16; 8:45 am]
BILLING CODE 7535-01-P