81 FR 51215 - Agency Information Collection Activities: Proposed Collection; Comment Request; Advertising of Excess Insurance

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 149 (August 3, 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 a reinstatement of a previously 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 149 (Wednesday, August 3, 2016)]
[Notices]
[Page 51215]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-18311]


=======================================================================
-----------------------------------------------------------------------

NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Advertising of Excess Insurance

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 reinstatement 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 October 3, 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, Suite 
5067; 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: 3133-0098.
    Title: Advertising of Excess Insurance, 12 CFR 740.3.
    Abstract: Requirements of 12 CFR 740.3, Advertising of excess 
insurance, prescribes that federally insured credit unions must 
disclose in advertising the share or savings account insurance provided 
by a party other than NCUA. This disclosure statement must include the 
identity of the carrier, the type and amount of such insurance and must 
avoid any statement or implication that the carrier is affiliated with 
NCUA or the federal government. The disclosure requirements under Sec.  
740.3 are necessary to ensure that share account holders are aware that 
their accounts are insured by carriers other than the NCUA.
    Type of Review: Reinstatement without change of a previously 
approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 300.
    Estimated No. of Responses per Respondent: 1.
    Estimated Annual Responses: 300.
    Estimated Burden Hours per Response: 1.
    Estimated Total Annual Burden Hours: 300.
    Adjustment reflects a reduction in 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 July 28, 2016.

    Dated: July 28, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-18311 Filed 8-2-16; 8:45 am]
 BILLING CODE 7535-01-P