[Federal Register Volume 81, Number 121 (Thursday, June 23, 2016)]
[Notices]
[Pages 40927-40928]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-14882]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: The National Credit Union Administration (NCUA) will submit 
the following information collection request to the Office of 
Management and Budget (OMB) for review and clearance in accordance with 
the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the 
date of publication of this notice.

DATES: Comments should be received on or before July 25, 2016 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, 
or email at [email protected] and (2) NCUA PRA Clearance 
Officer, 1775 Duke Street, Alexandria, VA 22314-3428 or email at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by emailing [email protected] or viewing the entire 
information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0140.

[[Page 40928]]

    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Title: Secondary Capital for Low-Income Designated Credit Unions.
    Abstract: Section 701.34 (b) of NCUA's regulations provide that 
designated low income credit unions (LICU) may accept secondary capital 
under certain conditions. This collection of information is necessary 
to obtain the information needed to ensure compliance with requirements 
related to acceptance and management of secondary capital. For those 
LICUs wishing to exercise their option to access secondary capital, 
NCUA requires that credit unions accepting secondary capital must 
develop and submit a plan for its acquisition, use and repayment. The 
information is used by NCUA to determine if the secondary capital will 
be managed by the credit union without risk to its financial condition, 
the U.S. government or the National Credit Union Share Insurance Fund.
    Affected Public: Private Sector: Businesses or other for-profits.
    Estimated Annual Burden Hours: 1,080.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on June 20, 2016.

    Dated: June 20, 2016.
Troy S. Hillier,
NCUA PRA Clearance Officer.
[FR Doc. 2016-14882 Filed 6-22-16; 8:45 am]
 BILLING CODE 7535-01-P