81 FR 22649 - Agency Information Collection Activities; Proposed Collections; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 74 (April 18, 2016)

NCUA, as part of its continuing effort to reduce paperwork 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).

[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]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities; Proposed Collections; 
Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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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