[Federal Register Volume 81, Number 238 (Monday, December 12, 2016)]
[Notices]
[Page 89510]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-29695]



[[Page 89510]]

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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 be 
submitting 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 January 11, 2017 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, Suite 5067, 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: 3133-0170.
    Title: Fidelity Bond and Insurance Coverage for Federal Credit 
Unions 12 CFR part 713.
    Abstract: The Federal Credit Union Act (at 12 U.S.C. 1761(b)(2)) 
requires that the boards of federal credit unions (FCU) arrange for 
adequate fidelity coverage for officers and employees having custody of 
or responsibility for handling funds.
    The regulation contains a number of reporting requirements where a 
credit union seeks to exercise flexibility under the regulations. These 
requirements enable NCUA to monitor the FCU's financial condition for 
safety and soundness purposes and helps to assure that FCUs are 
properly and adequately protected against potential losses due to 
insider abuse such as fraud and embezzlement.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 7.
    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on November 29, 2016.

    Dated: December 7, 2016.
Troy S. Hillier,
NCUA PRA Clearance Officer.
[FR Doc. 2016-29695 Filed 12-9-16; 8:45 am]
 BILLING CODE 7535-01-P