81 FR 71542 - Agency Information Collection Activities: Proposed Collection; Comment Request; Member Inspection of Credit Union Books, Records, and Minutes

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 200 (October 17, 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 an extension of a previously approved collection, as required by the Paperwork Reduction Act of 1995.

[Federal Register Volume 81, Number 200 (Monday, October 17, 2016)]
[Notices]
[Page 71542]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-25035]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Member Inspection of Credit Union Books, Records, and 
Minutes

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 and 
respondent burden, invites the general public and other Federal 
agencies to comment on an extension of a previously approved 
collection, as required by the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before December 16, 
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; 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: 3133-0176.
    Title: Member Inspection of Credit Union Books, Records, and 
Minutes.
    Abstract 12 CFR 701.3 establishes the circumstances and conditions 
under which Federal credit union (FCU) members may inspect and copy the 
FCU's books, records, and minutes of meetings. The collection of 
information requirements apply to FCU members seeking inspection and 
copying of the FCU's records and FCUs that receive such member 
requests. To obtain access to records, members are required to submit a 
petition to the FCU, stating a proper purpose for inspection and signed 
by at least one percent of the members, with a minimum of 20 and a 
maximum of 500 members. The FCU must permit inspection of relevant 
records if it receives such a petition.
    Because most of the information exchanged under this regulation is 
between credit unions and their members, NCUA is not made aware of the 
requests covered under this regulation unless there is a dispute. We 
assume that instances of formal petitions being filed to request 
inspection of records is a fairly rare event. For purposes of 
estimating burden, we assume no more than five such petitions are filed 
each year.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Individuals and Households and Private Sector: 
Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 10.
    Estimated Annual Frequency: 5.
    Estimated Annual Number of Responses: 12.
    Estimated Total Annual Burden Hours: 380.
    This is an extension without changes of a previously approved 
collection. The adjustments in burden estimates are attributable to the 
inclusion of FCU members as respondents and the inclusion of costs 
associated with potential dispute resolution.
    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.

    Authority:  Public Law 104-13, 44 U.S.C. Chapter 35

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on October 12, 2016.
    Dated: October 12, 2016.
Troy S. Hillier,
NCUA PRA Clearance Officer.
[FR Doc. 2016-25035 Filed 10-14-16; 8:45 am]
 BILLING CODE 7535-01-P