[Federal Register Volume 83, Number 10 (Tuesday, January 16, 2018)]
[Notices]
[Pages 2223-2224]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00559]
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Proposed Collections;
Comment Request; Capital Planning and Stress Testing
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The National Credit Union Administration (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 extension of currently approved collection, as required by
the Paperwork Reduction Act of 1995.
DATES: Written comments should be received on or before March 19, 2018
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, Suite 5080, 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 or Dawn Wolfgang at (703) 548-
2279.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0199.
Title: Capital Planning and Stress Testing, 12 CFR part 702,
subpart E.
Abstract: To protect the National Credit Union Share Insurance Fund
(NCUSIF) and the credit union system, the largest Federally Insured
Credit Unions (FICUs) must have systems and processes to monitor and
maintain their capital adequacy. This rule requires FICUs with assets
of $10 billion or more (covered credit unions) to develop, maintain,
and submit a capital plan annually. NCUA took into account the risk to
the NCUSIF of the largest FICUs as it considered the need for capital
plans at these institutions. The size of these institutions relative to
the NCUSIF makes capital planning essential.
Type of Review: Extension of a currently approved collection.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 6.
Estimated Annual Frequency: 1.2.
Estimated Annual Number of Responses: 7.
Estimated Burden Hours per Response: 321.
Estimated Total Annual Burden Hours: 2,250.
[[Page 2224]]
Reason for Change: NCUA was granted an emergency clearance for the
information collection requirements under this notice to bring it into
compliance under the PRA; which is set to expire April 2018. The
information collection requirements prescribed under subpart E of part
702 were published as final on April 30, 2014, at 79 FR 24311
(effective May 20, 2014). NCUA sought initial public comments via the
proposed rule (NPRM November 1, 2013, at 78 FR 65583); but no PRA
submission was made to OMB. NCUA is soliciting comments on the OMB
clearance obtained under the emergency approval.
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
execution 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 January 10, 2018.
Dated: January 10, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-00559 Filed 1-12-18; 8:45 am]
BILLING CODE 7535-01-P