81 FR 40928 - Agency Information Collection Activities: Proposed Collection; Comment Request; Records Preservation

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 121 (June 23, 2016)

NCUA, as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on an extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).

[Federal Register Volume 81, Number 121 (Thursday, June 23, 2016)]
[Notices]
[Page 40928]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14887]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Records Preservation

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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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 an extension of a currently 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 22, 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: 3133-0032.
    Title: Records Preservation, 12 CFR part 749.
    Abstract: Part 749 requires all federally insured credit unions 
(FICUs) to maintain a records preservation program. The program must be 
in writing and include a schedule for the storage and destruction of 
records and emergency contact information for employees, officials, 
regulatory offices, and vendors used to support vital records. The 
collection of information is authorized by sections 120, 203, and 209 
of the Federal Credit Union (FCU) Act; 12 U.S.C. 1766, 1783, and 1789.
    The records preservation program requirement enables FICUs to 
reconstruct their vital records in the event records are destroyed by a 
catastrophe and facilitates restoration of vital member services.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 6,025.
    Estimated No. of Responses per Respondent: 1.
    Estimated Annual Responses: 6,025.
    Estimated Burden Hours per Response: 2.
    Estimated Total Annual Burden Hours: 12,074.
    Adjustments are being made to the number of respondents due to a 
decline in the number of FICUs.
    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 June 20, 2016.

    Dated: June 20, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-14887 Filed 6-22-16; 8:45 am]
 BILLING CODE 7535-01-P