81 FR 73427 - Submission for OMB Review; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 206 (October 25, 2016)

The National Credit Union Administration (NCUA) will be submitting the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.

[Federal Register Volume 81, Number 206 (Tuesday, October 25, 2016)]
[Notices]
[Page 73427]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-25736]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: The National Credit Union Administration (NCUA) will be 
submitting the following information collection requests to the Office 
of Management and Budget (OMB) for review and clearance in accordance 
with the Paperwork Reduction Act of 1995, Public Law 104-13, on or 
after the date of publication of this notice.

DATES: Comments should be received on or before November 25, 2016 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, 
or email at [email protected] and (2) NCUA PRA Clearance 
Officer, 1775 Duke Street, Alexandria, VA 22314, Suite 5067, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: 
    Copies of the submission may be obtained by emailing 
[email protected] or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0098.
    Type of Review: Reinstatement of a previously approved collection.
    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.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 300.

    OMB Number: 3133-0130.
    Type of Review: Extension of a previously approved collection.
    Title: Written Reimbursement Policy.
    Abstract: Federal Credit Unions (``FCU'') may reimburse its board 
members for reasonable and proper costs incurred in conducting their 
official responsibilities only if the reimbursement is in accordance 
with the written reimbursement policies and procedures established by 
the FCU's board of directors. Access to this plan, and documentation 
related to its implementation is necessary for NCUA examiners to verify 
compliance with this requirement.
    Affected Public: Private sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 1,890.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on October 19, 2016.

    Dated: October 19, 2016.
Troy S. Hillier,
NCUA PRA Clearance Officer.
[FR Doc. 2016-25736 Filed 10-24-16; 8:45 am]
 BILLING CODE 7535-01-P