[Federal Register Volume 81, Number 158 (Tuesday, August 16, 2016)]
[Notices]
[Page 54608]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-19501]
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comment.
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SUMMARY: NCUA, as part of a continuing effort to reduce paperwork and
respondent burden, invites the general public and other Federal
agencies to comment on the following information collections, 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 October 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, Suite
5067; 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: 3133-0168.
Title: Maximum Borrowing Authority, 12 CFR 741.2.
Abstract: Section 741.2 of the NCUA Rules and Regulations (12 CFR
741.2) places a maximum borrowing limitation on federally insured
credit unions of 50 percent of paid-in and unimpaired capital and
surplus. This limitation is statutory for federal credit unions. The
collection of information requirement is for federally insured state-
chartered credit unions seeking a waiver from the borrowing limit.
These credit unions must submit a detailed safety and soundness
analysis, a proposed aggregate amount, a letter from the state
regulator approving the request and an explanation of the need for the
waiver to the NCUA Regional Director. This collection of information is
necessary to protect the National Credit Union Share Insurance Fund
(``Fund''). The NCUA must be made aware of and be able to monitor those
credit unions seeking a waiver from the maximum borrowing limitation.
Type of Review: Extension without change of a previously approved
collection.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 2.
Estimated Number of Responses per Respondent: 1.
Estimated Annual Responses: 2.
Estimated Burden Hours per Response: 8.
Estimated Total Annual Burden Hours: 16.
OMB Number: 3133-0033.
Title: Security Program, 12 CFR 748.
Abstract: In accordance with Title V of the Gramm-Leach-Bliley Act
(15 U.S.C. 6801 et seq.), as implemented by 12 CFR part 748, federally-
insured credit unions (FICU) are required to develop and implement a
written security program to safeguard sensitive member information.
This information collection requires that such programs be designed to
respond to incidents of unauthorized access or use, in order to prevent
substantial harm or serious inconvenience to members.
Type of Review: Extension of a previously approved collection.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents/Recordkeepers: 6,201.
Estimated Number of Responses per Respondent: 1.02.
Estimated Annual Responses: 6,297.
Estimated Burden Hours per Response: 2.43.
Estimated Total Annual Burden Hours: 15,982.
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 11, 2016.
Dated: August 11, 2016.
Troy S. Hillier,
NCUA PRA Clearance Officer.
[FR Doc. 2016-19501 Filed 8-15-16; 8:45 am]
BILLING CODE 7535-01-P