[Federal Register Volume 81, Number 152 (Monday, August 8, 2016)]
[Notices]
[Pages 52466-52467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-18750]
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NATIONAL CREDIT UNION ADMINISTRATION
Written Reimbursement Policy
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). The purpose of this notice is to allow for 60 days
of public comment.
Each FCU must draft a written reimbursement policy to ensure that
the FCU makes payments to its director within the guidelines that the
FCU has established in advance and to enable examiners to easily verify
compliance by comparing the policy to the actual reimbursements.
DATES: Comments will be accepted until October 7, 2016.
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: 3133-0130.
Title: Written Reimbursement Policy.
Abstract: Federal Credit Unions (``FCU'') may reimburse its board
members for reasonable and proper costs incurred in conducting their
official responsibilities only if the reimbursement is in accordance
with the written reimbursement policies and procedures established by
the FCU's board of directors. Access to this plan, and documentation
related to its implementation is necessary for NCUA examiners to verify
compliance with this requirement.
Type of Review: Extension of a previously approved collection.
Affected Public: Private sector: Not-for-profit institutions.
Estimated Number of Respondents: 3,768.
Frequency of Response: 1 responses per year per respondent.
[[Page 52467]]
Estimated Burden Hours per Response: 0.5.
Estimated Total Annual Burden Hours: 1,890 burden hours.
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 August 3, 2016.
Dated: August 3, 2016.
Troy S. Hillier,
NCUA PRA Clearance Officer.
[FR Doc. 2016-18750 Filed 8-5-16; 8:45 am]
BILLING CODE 7535-01-P