81 FR 22649 - Agency Information Collection Activities; Proposed Collections; Comment Request
NATIONAL CREDIT UNION ADMINISTRATION Federal Register Volume 81, Issue 74 (April 18, 2016)
Federal Register Volume 81, Issue 74 (April 18, 2016)
| Page Range | 22649-22650 | |
| FR Document | 2016-08876 |
[Federal Register Volume 81, Number 74 (Monday, April 18, 2016)] [Notices] [Pages 22649-22650] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-08876] ----------------------------------------------------------------------- NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities; Proposed Collections; Comment Request AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: NCUA, as part of its continuing effort to reduce paperwork [[Page 22650]] and respondent burden, invites the general public and other Federal agencies to comment on these reinstatements of previously approved collections, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). DATES: Comments should be received on or before June 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 22314-3428; 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: 3133-0092. Title: Loans to Members and Lines of Credit to Members, 12 CFR 701.21 and 12 CFR 741. Abstract: Section 107(5) of the Federal Credit Union Act authorizes Federal Credit Unions to make loans to members and issue lines of credit (including credit cards) to members. Part 741 of NCUA's rules and regulations established requirements for all federally insured credit unions related to loans to members and lines of credit union members. Additionally, NCUA's rules and regulations at Sec. 701.21 establish additional requirements related to loans to members and lines of credit to members for federal credit unions. These regulations include various information collections to ensure credit unions comply with applicable laws and operate in a safe and sound manner. Type of Review: Reinstatement, with change, of a previously approved collection. Affected Public: Private sector: not-for-profit institutions. Estimated Number of Respondents: 3,856. Estimated Number of Responses per Respondent: 392. Estimated Burden Hours per Response: 0.28. Estimated Total Annual Burden Hours: 423,451. Reason for Change: NCUA is combining all of the information collection requirements associated with member loans (12 CFR 701.21 and the associated requirements in 12 CFR 741) under a single control number. Upon approval of the reinstatement, NCUA will discontinue use of two other control numbers (3133-0139 and 3133-0171) associated with this program. OMB Number: 3133-0127. Title: Purchase, Sale and Pledge of Eligible Obligations, 12 CFR 701.23. Abstract: The Federal Credit Union Act limits the amount of eligible obligations a federal credit union is permitted to purchase, sell, pledge, discount, receive or dispose of under Section 107(13), 12 U.S.C. 107. NCUA's rules and regulations further govern this limitation by prescribing additional requirements under Sec. 701.23. The various information collections are in place to ensure a federal credit union's activities related to the purchase, sale, and pledge of eligible obligations comply with applicable laws and are conducted in a safe and sound manner. Type of Review: Reinstatement without change of a previously approved collection. Affected Public: Private sector: not-for-profit institutions. Estimated Number of Respondents: 1,004. Estimated Number of Responses per Respondent: 38. Estimated Burden Hours per Response: 0.27. Estimated Total Annual Burden Hours: 10,540. 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 April 13, 2016. Dated: April 13, 2016. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2016-08876 Filed 4-15-16; 8:45 am] BILLING CODE 7535-01-P
![Federal Register / Vol. 81, No. 74 / Monday, April 18, 2016 / Notices 22649
reinstatement of the information disclosures when an account is opened, Description: NCUA’s TISA regulation
collection described below. when a disclosed term changes or a term requires credit unions to provide
DATES: Comments should be received on account is close to renewal, on periodic specific disclosures when an account is
or before June 17, 2016 to be assured statements of account activity, in opened, when a disclosed term changes
consideration. advertisements, and upon a member’s or or a term account is close to renewal, on
ADDRESSES: Interested persons are
potential member’s request. 12 CFR periodic statements of account activity,
invited to submit written comments on 707.4, 707.5, 707.6, 707.8. Credit unions in advertisements, and upon a member’s
the information collection to Dawn that provide periodic statements are or potential member’s request. 12 CFR
Wolfgang, National Credit Union required to include information about 707.4, 707.5, 707.6, 707.8. Credit unions
Administration, 1775 Duke Street, fees imposed, the annual percentage that provide periodic statements are
Alexandria, Virginia 22314–3428; Fax yield earned during those statement required to include information about
No. 703–519–8579; or Email at periods, and other account terms. The fees imposed, the annual percentage
PRAComments@ncua.gov. requirements for creating and yield earned during those statement
disseminating account disclosures, periods, and other account terms. The
FOR FURTHER INFORMATION CONTACT:
change in terms notices, term share requirements for creating and
Requests for additional information
renewal notices, statement disclosures, disseminating account disclosures,
should be directed to the address above.
and advertising disclosures are change in terms notices, term share
SUPPLEMENTARY INFORMATION: necessary to implement TISA’s purpose renewal notices, statement disclosures,
I. Abstract and Request for Comments of providing the public with and advertising disclosures are
information that will permit informed necessary to implement TISA’s purpose
The Truth in Savings Act, 12 U.S.C.
comparisons of accounts at depository of providing the public with
4301 et seq., (TISA) requires depository
institutions. information that will permit informed
institutions to disclose to consumers
The collection of information comparisons of accounts at depository
certain information, including interest
pursuant to Part 707 is triggered by institutions.
rates, dividends, bonuses, and fees
specific events and disclosures and Respondents: All credit unions whose
associated with their deposit accounts
must be provided to consumers within accounts are either insured by, or
and accompanying services. TISA
the time periods established under the eligible to be insured by, the National
directed the Federal Reserve Board
regulation. To ease the compliance cost Credit Union Share Insurance Fund,
(FRB) to issue a final regulation
(particularly for small credit unions), except for any credit union that has
governing depository institution other
model clauses and sample forms are been designated as a corporate credit
than credit unions. FRB promulgated
appended to the regulation. union and any non-automated credit
the TISA regulation, known as
Although the regulation requires union that has $2 million or less in
Regulation DD, 12 CFR part 230. The
depository institutions to retain assets.
Dodd-Frank Wall Street Reform and Estimated Number of Respondents:
Consumer Protection Act transferred evidence of compliance with the
disclosure requirements, the regulation 6,247.
FRB’s rulemaking authority for TISA to Frequency of Response: Upon
the Consumer Financial Protection does not specify the types of records
that must be retained. occurrence of triggering action.
Bureau (CFPB). Estimated Burden Hours per
TISA also directed the National Credit Comments submitted in response to
this notice will be summarized and Response: For account disclosures, 1.5
Union Administration (NCUA) to minutes; for change-in-terms notices, 1
promulgate a TISA regulation governing included in the request for Office of
Management and Budget approval. All minute; for notices prior to maturity, 1
credit unions. Section 272(b) of TISA, minute; for periodic statement
12 U.S.C. 4311(b), mandated that NCUA comments will become a matter of
public record. The public is invited to disclosures, 4 hours; and for advertising,
regulation be ‘‘substantially similar’’ to 30 minutes.
those issued by FRB (and now CFPB), submit comments concerning: (a)
Estimated Total Annual Burden
but NCUA may take into account the Whether the collection of information is
Hours: 438,852.
unique nature of credit unions and the necessary for the proper performance of
the function of the agency, including By Gerard Poliquin, Secretary of the Board,
limitations under which they may pay
whether the information will have the National Credit Union Administration, on
dividends. April 13, 2016.
To implement TISA, NCUA published practical utility; (b) the accuracy of the
agency’s estimate of the burden of the Dated: April 13, 2016
its TISA regulation, 12 CFR part 707,
which applies to all credit unions collection of information, including the Dawn D. Wolfgang,
whose accounts are either insured by, or validity of the methodology and NCUA PRA Clearance Officer.
eligible to be insured by, the National assumptions used; (c) ways to enhance [FR Doc. 2016–08874 Filed 4–15–16; 8:45 am]
Credit Union Share Insurance Fund, the quality, utility, and clarity of the BILLING CODE 7535–01–P
except for any credit union that has information to be collected; and (d)
been designated as a corporate credit ways to minimize the burden of the
union and any non-automated credit collection of the information on the NATIONAL CREDIT UNION
union that has $2 million or less in respondents, including the use of ADMINISTRATION
assets (together, ‘‘credit unions’’). In automated collection techniques or
addition, the advertising rules apply to other forms of information technology. Agency Information Collection
Activities; Proposed Collections;
mstockstill on DSK4VPTVN1PROD with NOTICES
any person who advertises an account II. Data
offered by a credit union. NCUA’s TISA Comment Request
regulation requires credit unions to Title: Account Based Disclosures in AGENCY: National Credit Union
disclose fees, dividend rates and other Connection with 12 CFR part 707. Administration (NCUA).
terms concerning accounts to members OMB Number: 3133–0134. ACTION: Notice and request for comment.
or potential members. Type of Review: Reinstatement with
NCUA’s TISA regulation requires change of a previously approved SUMMARY: NCUA, as part of its
credit unions to provide specific collection. continuing effort to reduce paperwork
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![22650 Federal Register / Vol. 81, No. 74 / Monday, April 18, 2016 / Notices
and respondent burden, invites the OMB Number: 3133–0127. NATIONAL CREDIT UNION
general public and other Federal Title: Purchase, Sale and Pledge of ADMINISTRATION
agencies to comment on these Eligible Obligations, 12 CFR 701.23.
reinstatements of previously approved Sunshine Act Meeting
collections, as required by the Abstract: The Federal Credit Union
Paperwork Reduction Act of 1995 (Pub. Act limits the amount of eligible TIME AND DATE: 10:00 a.m., Thursday,
L. 104–13, 44 U.S.C. Chapter 35). obligations a federal credit union is April 21, 2016.
DATES: Comments should be received on
permitted to purchase, sell, pledge, PLACE: Board Room, 7th Floor, Room
or before June 17, 2016 to be assured discount, receive or dispose of under 7047, 1775 Duke Street (All visitors
consideration. Section 107(13), 12 U.S.C. 107. NCUA’s must use Diagonal Road Entrance),
rules and regulations further govern this Alexandria, VA 22314–3428.
ADDRESSES: Interested persons are
limitation by prescribing additional STATUS: Open.
invited to submit written comments on requirements under § 701.23. The
the information collection to Troy MATTERS TO BE CONSIDERED:
various information collections are in 1. National Credit Union Share
Hillier, National Credit Union
place to ensure a federal credit union’s Insurance Fund Quarterly Report.
Administration, 1775 Duke Street,
activities related to the purchase, sale, 2. NCUA’s Rules and Regulations,
Alexandria, Virginia 22314–3428; Fax
and pledge of eligible obligations Incentive-Based Executive
No. 703–519–8595; or Email at
PRAComments@NCUA.gov. comply with applicable laws and are Compensation.
conducted in a safe and sound manner. 3. NCUA’s Rules and Regulations,
FOR FURTHER INFORMATION CONTACT:
Type of Review: Reinstatement Federal Credit Union Occupancy,
Requests for additional information
without change of a previously Planning, and Disposal of Acquired and
should be directed to the address above.
approved collection. Abandoned Premises; Incidental
SUPPLEMENTARY INFORMATION: Powers.
OMB Number: 3133–0092. Affected Public: Private sector: not-
RECESS: 11:00 a.m.
Title: Loans to Members and Lines of for-profit institutions.
Credit to Members, 12 CFR 701.21 and TIME AND DATE: 11:15 a.m., Thursday,
Estimated Number of Respondents: April 21, 2016.
12 CFR 741.
Abstract: Section 107(5) of the Federal 1,004. PLACE: Board Room, 7th Floor, Room
Credit Union Act authorizes Federal Estimated Number of Responses per 7047, 1775 Duke Street, Alexandria, VA
Credit Unions to make loans to members Respondent: 38. 22314–3428.
and issue lines of credit (including Estimated Burden Hours per STATUS: Closed.
credit cards) to members. Part 741 of Response: 0.27. MATTERS TO BE CONSIDERED:
NCUA’s rules and regulations 1. Supervisory Matter. Closed
established requirements for all Estimated Total Annual Burden
Hours: 10,540. pursuant to Exemption (8).
federally insured credit unions related
FOR FURTHER INFORMATION CONTACT:
to loans to members and lines of credit Request for Comments: Comments
Gerard Poliquin, Secretary of the Board,
union members. Additionally, NCUA’s submitted in response to this notice will
Telephone: 703–518–6304.
rules and regulations at § 701.21 be summarized and included in the
establish additional requirements request for Office of Management and Gerard Poliquin,
related to loans to members and lines of Budget approval. All comments will Secretary of the Board.
credit to members for federal credit become a matter of public record. The [FR Doc. 2016–09039 Filed 4–14–16; 4:15 pm]
unions. These regulations include public is invited to submit comments BILLING CODE 7535–01–P
various information collections to concerning: (a) Whether the collection
ensure credit unions comply with of information is necessary for the
applicable laws and operate in a safe proper performance of the function of NATIONAL FOUNDATION ON THE
and sound manner. the agency, including whether the ARTS AND THE HUMANITIES
Type of Review: Reinstatement, with information will have practical utility;
change, of a previously approved (b) the accuracy of the agency’s estimate National Endowment for the
collection. of the burden of the collection of Humanities
Affected Public: Private sector: not- information, including the validity of
for-profit institutions. the methodology and assumptions used; Meetings of Humanities Panel
Estimated Number of Respondents:
(c) ways to enhance the quality, utility, AGENCY: National Endowment for the
3,856.
Estimated Number of Responses per and clarity of the information to be Humanities, National Foundation on the
Respondent: 392. collected; and (d) ways to minimize the Arts and the Humanities.
Estimated Burden Hours per burden of the collection of the ACTION: Notice of meetings.
Response: 0.28. information on the respondents,
Estimated Total Annual Burden including the use of automated SUMMARY: The National Endowment for
Hours: 423,451. collection techniques or other forms of the Humanities will hold three meetings
Reason for Change: NCUA is information technology. of the Humanities Panel, a federal
combining all of the information By Gerard Poliquin, Secretary of the Board,
advisory committee, during May, 2016.
The purpose of the meetings is for panel
mstockstill on DSK4VPTVN1PROD with NOTICES
collection requirements associated with the National Credit Union Administration, on
member loans (12 CFR 701.21 and the April 13, 2016. review, discussion, evaluation, and
associated requirements in 12 CFR 741) recommendation of applications for
Dated: April 13, 2016.
under a single control number. Upon financial assistance under the National
Dawn D. Wolfgang, Foundation on the Arts and Humanities
approval of the reinstatement, NCUA
will discontinue use of two other NCUA PRA Clearance Officer. Act of 1965.
control numbers (3133–0139 and 3133– [FR Doc. 2016–08876 Filed 4–15–16; 8:45 am] DATES: See SUPPLEMENTARY INFORMATION
0171) associated with this program. BILLING CODE 7535–01–P section for meeting dates.
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Document Created: 2016-04-16 01:45:30
Document Modified: 2016-04-16 01:45:30
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice and request for comment. | |
| Dates | Comments should be received on or before June 17, 2016 to be assured consideration. | |
| Contact | Requests for additional information | |
| FR Citation | 81 FR 22649 |
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