[Federal Register Volume 81, Number 135 (Thursday, July 14, 2016)]
[Notices]
[Page 45544]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16654]
[[Page 45544]]
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Proposed Collection;
Comment Request; Federal Credit Union Bylaws
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 and
respondent burden, invites the general public and other Federal
agencies to comment on an extension of a previously approved
collection, as required by the Paperwork Reduction Act of 1995 (Pub. L.
104-13, 44 U.S.C. Chapter 35).
DATES: Written comments should be received on or before September 12,
2016 to be assured consideration.
ADDRESSES: Interested persons are invited to submit written comments on
the information collection to Dawn Wolfgang, National Credit Union
Administration, 1775 Duke Street, Alexandria, Virginia 22314; Fax No.
703-519-8579; or Email at [email protected].
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0052.
Title: Federal Credit Union Bylaws.
Abstract: Section 108 of the Federal Credit Union (FCU) Act (12
U.S.C. 1758) requires the National Credit Union Administration (NCUA)
Board to prepare bylaws before an FCU's charter is complete. The form
bylaws are established to simplify the organization of a FCU and
establish uniformity regarding FCU operations and member rights. The
NCUA Board adopted the Bylaws and incorporated them into NCUA's
regulations at 12 CFR 701.2 and as Appendix A to Part 701, in 2007. The
bylaws address a broad range of matters concerning: An FCU's
organization and governance; the FCU's relationship to members; and the
procedures and rules an FCU follows. The NCUA uses the information both
to regulate FCUs to protect consumers and monitor their safety and
soundness to protect the National Credit Union Share Insurance Fund.
Type of Review: Extension of a previously approved collection.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated No. of Respondents/Recordkeepers: 3,721 Federal Credit
Unions.
Estimated Annual Frequency: 337.
Estimated Annual No. of Responses: 1,255,046.
Estimated Burden Hours per Response: 0.35.
Estimated Total Annual Burden Hours: 436,614.
Adjustment are being made to reflect the continuing decline in the
number of FCUs and also an increase in the burden associated with the
recordkeeping required due to the complexity of credit union operations
and the corresponding committee minutes required to document such
operations.
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 July 11, 2016.
Dated: July 11, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-16654 Filed 7-13-16; 8:45 am]
BILLING CODE 7535-01-P