81 FR 39719 - Agency Information Collection Activities: Proposed Collection; Comment Request; Call Report and Credit Union Profile
NATIONAL CREDIT UNION ADMINISTRATION Federal Register Volume 81, Issue 117 (June 17, 2016)
Federal Register Volume 81, Issue 117 (June 17, 2016)
| Page Range | 39719-39719 | |
| FR Document | 2016-14395 |
[Federal Register Volume 81, Number 117 (Friday, June 17, 2016)] [Notices] [Page 39719] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-14395] ======================================================================= ----------------------------------------------------------------------- NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Proposed Collection; Comment Request; Call Report and Credit Union Profile AGENCY: National Credit Union Administration (NCUA). ACTION: Notice and request for comment. ----------------------------------------------------------------------- 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 a revision of a previously approved collection, 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 August 16, 2016 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, 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. SUPPLEMENTARY INFORMATION: OMB Number: 3133-0004. Title: NCUA Call Report and Profile. Form: NCUA Forms 5300 and 4501A. Abstract: Sections 106 and 202 of the Federal Credit Union Act require federally insured credit unions to make financial reports to the NCUA. Section 741.6 prescribes the method in which federally insured credit unions must submit this information to NCUA. NCUA Form 5300, Call Report, is used to file quarterly financial and statistical data and NCUA Form 4501A, Credit Union Profile, is used to obtain non- financial data relevant to regulation and supervision such as the names of senior management and volunteer officials, and are reported through NCUA's on-line portal, Credit Unions Online. This information collection is being revised to remove data elements associated with the reporting of Credit Union Service Organizations (CUSO). In early 2016, reporting of CUSOs was conducted separately from the Call Report and Profile through the new CUSO Registry portal (OMB No. 3133-0149). To eliminate duplicate reporting and reduce the burden associated with this collection, NCUA is removing the CUSO identification section from the Call Report and reporting of CUSO usage from the Profile. Type of Review: Revision of a previously approved collection. Affected Public: Private Sector: Not-for-profit institutions. Estimated Number of Respondents: 6,021. Estimated Number of Responses per Respondent: 4. Estimated Annual Responses: 24,084. Estimated Burden Hours per Response: 6. Estimated Total Annual Burden Hours: 144,504. 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 June 14, 2016. Dated: June 14, 2016. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2016-14395 Filed 6-16-16; 8:45 am] BILLING CODE 7535-01-P
![Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices 39719
can be found online at http:// Report and Profile through the new and Budget (OMB) for review and
technology.nasa.gov/. CUSO Registry portal (OMB No. 3133– clearance in accordance with the
0149). To eliminate duplicate reporting Paperwork Reduction Act of 1995,
Mark P. Dvorscak,
and reduce the burden associated with Public Law 104–13, on or after the date
Agency Counsel for Intellectual Property. this collection, NCUA is removing the of publication of this notice.
[FR Doc. 2016–14347 Filed 6–16–16; 8:45 am] CUSO identification section from the DATES: Comments should be received on
BILLING CODE 7510–13–P Call Report and reporting of CUSO or before July 18, 2016 to be assured of
usage from the Profile. consideration.
Type of Review: Revision of a ADDRESSES: Send comments regarding
NATIONAL CREDIT UNION previously approved collection. the burden estimate, or any other aspect
ADMINISTRATION Affected Public: Private Sector: Not- of the information collection, including
for-profit institutions. suggestions for reducing the burden, to
Agency Information Collection Estimated Number of Respondents:
Activities: Proposed Collection; (1) Office of Information and Regulatory
6,021. Affairs, Office of Management and
Comment Request; Call Report and Estimated Number of Responses per
Credit Union Profile Budget, Attention: Desk Officer for
Respondent: 4.
NCUA, New Executive Office Building,
Estimated Annual Responses: 24,084.
AGENCY: National Credit Union Room 10235, Washington, DC 20503, or
Estimated Burden Hours per
Administration (NCUA). email at OIRA_Submission@
Response: 6.
ACTION: Notice and request for comment. Estimated Total Annual Burden OMB.EOP.gov and (2) NCUA PRA
Hours: 144,504. Clearance Officer, 1775 Duke Street,
SUMMARY: NCUA, as part of a continuing Alexandria, VA 22314–3428 or email at
effort to reduce paperwork and Request for Comments: Comments
submitted in response to this notice will PRAComments@ncua.gov.
respondent burden, invites the general FOR FURTHER INFORMATION CONTACT:
public and other Federal agencies to be summarized and included in the
request for Office of Management and Copies of the submission may be
comment on a revision of a previously obtained by emailing PRAComments@
approved collection, as required by the Budget approval. All comments will
become a matter of public record. The ncua.gov or viewing the entire
Paperwork Reduction Act of 1995 (Pub. information collection request at
L. 104–13, 44 U.S.C. Chapter 35). public is invited to submit comments
concerning: (a) Whether the collection www.reginfo.gov.
DATES: Written comments should be
of information is necessary for the SUPPLEMENTARY INFORMATION:
received on or before August 16, 2016 proper execution of the function of the OMB Number: 3133–0039.
to be assured consideration. agency, including whether the Type of Review: Reinstatement, with
ADDRESSES: Interested persons are information will have practical utility; change, of a previously approved
invited to submit written comments on (b) the accuracy of the agency’s estimate collection.
the information collection to Dawn of the burden of the collection of Title: Borrowed Funds from Natural
Wolfgang, National Credit Union information, including the validity of Persons, 12 CFR 701.38.
Administration, 1775 Duke Street, the methodology and assumptions used; Abstract: Section 701.38 of the NCUA
Alexandria, Virginia 22314; Fax No. (c) ways to enhance the quality, utility, regulations grants federal credit unions
703–519–8579; or Email at and clarity of the information to be the authority to borrow funds from a
PRAComments@NCUA.gov. collected; and (d) ways to minimize the natural person as long as they maintain
FOR FURTHER INFORMATION CONTACT: burden of the collection of the a signed promissory note which
Requests for additional information information on the respondents, includes the terms and conditions of
should be directed to the address above. including the use of automated maturity, repayment, interest rate,
SUPPLEMENTARY INFORMATION: collection techniques or other forms of method of computation and method of
OMB Number: 3133–0004. information technology. payment; and the promissory note and
Title: NCUA Call Report and Profile. any advertisements for borrowing have
By Gerard Poliquin, Secretary of the Board,
Form: NCUA Forms 5300 and 4501A. clearly visible language stating that the
the National Credit Union Administration, on
Abstract: Sections 106 and 202 of the June 14, 2016. note represents money borrowed by the
Federal Credit Union Act require Dated: June 14, 2016. credit union and does not represent
federally insured credit unions to make shares and is not insured by the
financial reports to the NCUA. Section Dawn D. Wolfgang,
National Credit Union Insurance Fund
741.6 prescribes the method in which NCUA PRA Clearance Officer.
(NCUSIF). NCUA will use this
federally insured credit unions must [FR Doc. 2016–14395 Filed 6–16–16; 8:45 am]
information to ensure a credit union’s
submit this information to NCUA. BILLING CODE 7535–01–P
natural person borrowings are in
NCUA Form 5300, Call Report, is used compliance and address all regulatory
to file quarterly financial and statistical and safety and soundness requirements.
data and NCUA Form 4501A, Credit NATIONAL CREDIT UNION Affected Public: Private Sector:
Union Profile, is used to obtain non- ADMINISTRATION Businesses or other for-profits.
financial data relevant to regulation and Estimated Annual Burden Hours: 935.
supervision such as the names of senior Submission for OMB Review;
OMB Number: 3133–0125.
management and volunteer officials, Comment Request Title: Appraisals, 12 CFR 722.
and are reported through NCUA’s on- Abstract: NCUA Regulation § 722
sradovich on DSK3TPTVN1PROD with NOTICES
AGENCY: National Credit Union
line portal, Credit Unions Online. Administration (NCUA). implements a statutory requirement that
This information collection is being ACTION: Notice. appraisals used in real estate
revised to remove data elements transactions be made in writing and
associated with the reporting of Credit SUMMARY: The National Credit Union meet certain standards. This collection
Union Service Organizations (CUSO). In Administration (NCUA) will submit the of information is associated with the
early 2016, reporting of CUSOs was following information collection requirement that credit unions retain a
conducted separately from the Call requests to the Office of Management copy of the written assessment for real
VerDate Sep<11>2014 16:48 Jun 16, 2016 Jkt 238001 PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 E:\FR\FM\17JNN1.SGM 17JNN1](https://thefederalregister.org/doc/81_FR_39836/page/1.svg)
Document Created: 2016-06-17 01:05:09
Document Modified: 2016-06-17 01:05:09
| 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 | Written comments should be received on or before August 16, 2016 to be assured consideration. | |
| Contact | Requests for additional information | |
| FR Citation | 81 FR 39719 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR