81 FR 54608 - Agency Information Collection Activities: Proposed Collection; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 158 (August 16, 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 the following information 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 158 (Tuesday, August 16, 2016)]
[Notices]
[Page 54608]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-19501]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

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 the following information collections, 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 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, 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: 3133-0168.
    Title: Maximum Borrowing Authority, 12 CFR 741.2.
    Abstract: Section 741.2 of the NCUA Rules and Regulations (12 CFR 
741.2) places a maximum borrowing limitation on federally insured 
credit unions of 50 percent of paid-in and unimpaired capital and 
surplus. This limitation is statutory for federal credit unions. The 
collection of information requirement is for federally insured state-
chartered credit unions seeking a waiver from the borrowing limit. 
These credit unions must submit a detailed safety and soundness 
analysis, a proposed aggregate amount, a letter from the state 
regulator approving the request and an explanation of the need for the 
waiver to the NCUA Regional Director. This collection of information is 
necessary to protect the National Credit Union Share Insurance Fund 
(``Fund''). The NCUA must be made aware of and be able to monitor those 
credit unions seeking a waiver from the maximum borrowing limitation.
    Type of Review: Extension without change of a previously approved 
collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 2.
    Estimated Number of Responses per Respondent: 1.
    Estimated Annual Responses: 2.
    Estimated Burden Hours per Response: 8.
    Estimated Total Annual Burden Hours: 16.
    OMB Number: 3133-0033.
    Title: Security Program, 12 CFR 748.
    Abstract: In accordance with Title V of the Gramm-Leach-Bliley Act 
(15 U.S.C. 6801 et seq.), as implemented by 12 CFR part 748, federally-
insured credit unions (FICU) are required to develop and implement a 
written security program to safeguard sensitive member information. 
This information collection requires that such programs be designed to 
respond to incidents of unauthorized access or use, in order to prevent 
substantial harm or serious inconvenience to members.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 6,201.
    Estimated Number of Responses per Respondent: 1.02.
    Estimated Annual Responses: 6,297.
    Estimated Burden Hours per Response: 2.43.
    Estimated Total Annual Burden Hours: 15,982.
    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 August 11, 2016.

    Dated: August 11, 2016.
Troy S. Hillier,
NCUA PRA Clearance Officer.
[FR Doc. 2016-19501 Filed 8-15-16; 8:45 am]
 BILLING CODE 7535-01-P