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)
Federal Register Volume 81, Issue 200 (October 17, 2016)
| Page Range | 71542-71542 | |
| FR Document | 2016-25035 |
[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] ======================================================================= ----------------------------------------------------------------------- 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. ----------------------------------------------------------------------- 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
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(c) the agency’s performance in which Federal credit union (FCU) collection techniques or other forms of
meeting its established release schedule members may inspect and copy the information technology.
and the prompt release objective of this FCU’s books, records, and minutes of Authority: Public Law 104–13, 44 U.S.C.
Directive; meetings. The collection of information Chapter 35
(d) the agency’s ability to avoid requirements apply to FCU members
disclosure prior to the scheduled release By Gerard Poliquin, Secretary of the Board,
seeking inspection and copying of the
the National Credit Union Administration, on
time; FCU’s records and FCUs that receive October 12, 2016.
(e) any additional issues (such as such member requests. To obtain access Dated: October 12, 2016.
periodicity, electronic access, etc.) that to records, members are required to Troy S. Hillier,
the Administrator for Information and submit a petition to the FCU, stating a
Regulatory Affairs specifies in writing to NCUA PRA Clearance Officer.
proper purpose for inspection and
the agency at least 6 months in advance [FR Doc. 2016–25035 Filed 10–14–16; 8:45 am]
signed by at least one percent of the
of the scheduled submission date. members, with a minimum of 20 and a BILLING CODE 7535–01–P
The evaluation will be reviewed by maximum of 500 members. The FCU
the Administrator to determine whether must permit inspection of relevant
the statistical products are prepared and NATIONAL CREDIT UNION
records if it receives such a petition.
published in conformity with OMB Because most of the information ADMINISTRATION
statistical policies, standards, and exchanged under this regulation is
guidelines. A summary of the year’s Submission for OMB Review;
between credit unions and their Comment Request
evaluations and their reviews will be members, NCUA is not made aware of
included in the annual report to the requests covered under this AGENCY: National Credit Union
Congress required by the Paperwork regulation unless there is a dispute. We Administration (NCUA).
Reduction Act (PRA) of 1995 (44 U.S.C. assume that instances of formal ACTION: Notice.
3504(e)). petitions being filed to request
[FR Doc. 2016–25049 Filed 10–14–16; 8:45 am] inspection of records is a fairly rare SUMMARY: The National Credit Union
BILLING CODE P event. For purposes of estimating Administration (NCUA) will be
burden, we assume no more than five submitting the following information
such petitions are filed each year. collection requests to the Office of
NATIONAL CREDIT UNION Type of Review: Extension of a Management and Budget (OMB) for
ADMINISTRATION previously approved collection. review and clearance in accordance
Affected Public: Individuals and with the Paperwork Reduction Act of
Agency Information Collection Households and Private Sector: Not-for- 1995, Public Law 104–13, on or after the
Activities: Proposed Collection; profit institutions. date of publication of this notice.
Comment Request; Member Inspection Estimated Number of Respondents/ DATES: Comments should be received on
of Credit Union Books, Records, and Recordkeepers: 10. or before November 16, 2016 to be
Minutes Estimated Annual Frequency: 5. assured of consideration.
Estimated Annual Number of
AGENCY: National Credit Union ADDRESSES: Send comments regarding
Responses: 12.
Administration (NCUA). the burden estimate, or any other aspect
Estimated Total Annual Burden
ACTION: Notice and request for comment.
of the information collection, including
Hours: 380.
This is an extension without changes suggestions for reducing the burden, to
SUMMARY: NCUA, as part of its of a previously approved collection. The (1) Office of Information and Regulatory
continuing effort to reduce paperwork adjustments in burden estimates are Affairs, Office of Management and
and respondent burden, invites the attributable to the inclusion of FCU Budget, Attention: Desk Officer for
general public and other Federal members as respondents and the NCUA, New Executive Office Building,
agencies to comment on an extension of inclusion of costs associated with Room 10235, Washington, DC 20503, or
a previously approved collection, as potential dispute resolution. email at OIRA_Submission@
required by the Paperwork Reduction Request for Comments: Comments OMB.EOP.gov and (2) NCUA PRA
Act of 1995. submitted in response to this notice will Clearance Officer, 1775 Duke Street,
DATES: Written comments should be be summarized and included in the Alexandria, VA 22314, Suite 5067, or
received on or before December 16, 2016 request for Office of Management and email at PRAComments@ncua.gov.
to be assured consideration. Budget approval. All comments will FOR FURTHER INFORMATION CONTACT:
ADDRESSES: Interested persons are become a matter of public record. The Copies of the submission may be
invited to submit written comments on public is invited to submit comments obtained by emailing PRAComments@
the information collection to Troy concerning: (a) Whether the collection ncua.gov or viewing the entire
Hillier, National Credit Union of information is necessary for the information collection request at
Administration, 1775 Duke Street, proper performance of the function of www.reginfo.gov.
Alexandria, Virginia 22314; Fax No. the agency, including whether the SUPPLEMENTARY INFORMATION:
703–519–8579; or Email at information will have practical utility; OMB Number: 3133–0098.
PRAComments@NCUA.gov (b) the accuracy of the agency’s estimate Type of Review: Reinstatement of a
FOR FURTHER INFORMATION CONTACT: of the burden of the collection of previously approved collection.
information, including the validity of Title: Advertising of Excess Insurance,
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Requests for additional information
should be directed to the address above. the methodology and assumptions used; 12 CFR 740.3.
SUPPLEMENTARY INFORMATION: (c) ways to enhance the quality, utility, Abstract: Requirements of 12 CFR
OMB Number: 3133–0176. and clarity of the information to be 740.3, Advertising of excess insurance,
Title: Member Inspection of Credit collected; and (d) ways to minimize the prescribes that federally insured credit
Union Books, Records, and Minutes. burden of the collection of the unions must disclose in advertising the
Abstract 12 CFR 701.3 establishes the information on the respondents, share or savings account insurance
circumstances and conditions under including the use of automated provided by a party other than NCUA.
VerDate Sep<11>2014 14:22 Oct 14, 2016 Jkt 241001 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 E:\FR\FM\17OCN1.SGM 17OCN1](https://thefederalregister.org/doc/81_FR_71742/page/1.svg)
Document Created: 2016-10-15 01:51:35
Document Modified: 2016-10-15 01:51:35
| 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 December 16, 2016 to be assured consideration. | |
| Contact | Requests for additional information | |
| FR Citation | 81 FR 71542 |
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