81 FR 86022 - Agency Information Collection Activities; Proposed Collection; Comment Request; Management Official Interlocks

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 81, Issue 229 (November 29, 2016)

Page Range		86022-86023
FR Document		2016-28657

NCUA, as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on an extension of a currently 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 Issue 229 (Tuesday, November 29, 2016)

[Federal Register Volume 81, Number 229 (Tuesday, November 29, 2016)]
[Notices]
[Pages 86022-86023]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-28657]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Management Official Interlocks

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 an extension of a currently 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 January 30, 
2017 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 22314-3428, 
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: 3133-0152.
    Title: Management Official Interlocks, 12 CFR part 711.
    Abstract: The Depository Institution Management Interlocks Act (12 
U.S.C. 3201-3208) (``Interlocks Act'') generally prohibits financial 
institution management officials from serving simultaneously with two 
unaffiliated depository institutions or their holding companies. The 
Interlocks Act exempts interlocking arrangements between credit unions 
and, therefore, in the case of credit unions, only restricts interlocks 
between credit unions and other institutions-banks and thrifts and 
their holdings. The collection of information under Part 711 is needed 
to provide evidence of compliance with the requirements of the 
Interlocks Act.
    Type of Review: Extension of a previously approved collection.

[[Page 86023]]

    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 2.
    Estimated No. of Responses per Respondent: 1.
    Estimated Annual Responses: 2.
    Estimated Burden Hours per Response: 3.
    Estimated Total Annual Burden Hours: 6.
    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 November 22, 2016.

    Dated: November 23, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-28657 Filed 11-28-16; 8:45 am]
 BILLING CODE 7535-01-P

86022 Federal Register / Vol. 81, No. 229 / Tuesday, November 29, 2016 / Notices

FOR FURTHER INFORMATION CONTACT: identity theft red flags and By Gerard Poliquin, Secretary of the
Requests for additional information corresponding interagency guidelines Board, the National Credit Union
should be directed to the address above. on identity theft detection, prevention, Administration, on November 22, 2016.
SUPPLEMENTARY INFORMATION: and mitigation; and the rules on the
Dated: November 23, 2016.
OMB Number: 3133–0165. duties of card issuers regarding changes
of address. Dawn D. Wolfgang,
Title: Recordkeeping and Disclosure
These provisions are promulgated in NCUA PRA Clearance Officer.
Requirements Associated with the Fair
NCUA’s Fair Credit Reporting [FR Doc. 2016–28659 Filed 11–28–16; 8:45 am]
Credit Reporting Act (FCRA), 15 U.S.C.
1681 et seq., as amended by the Fair and regulation, 12 CFR 717, which applies BILLING CODE 7535–01–P

Accurate Credit Transactions Act of to federal credit unions.
2003, Public Law 108–159, 117 Stat. The collection of information
pursuant to Parts 1022 and 717 is NATIONAL CREDIT UNION
1952, and as implemented by
triggered by specific events and ADMINISTRATION
Regulation V, 12 CFR 1022, and by 12
CFR 717. disclosures and must be provided to
Agency Information Collection
Abstract: The Fair Credit Reporting consumers within the time periods
Activities; Proposed Collection;
Act (FCRA), sets standards for the established under the regulation. To
Comment Request; Management
collection, communication, and use of ease the compliance cost (particularly
Official Interlocks
information bearing on a consumer’s for small credit unions), model clauses
creditworthiness, credit standing, credit and sample forms are appended to the AGENCY: National Credit Union
capacity, character, general reputation, regulations. Administration (NCUA).
personal characteristics, or mode of An agency may not conduct or ACTION: Notice and request for comment.
living. FCRA has been revised sponsor, and a person is not required to
numerous times since it took effect, respond to, a collection of information SUMMARY: NCUA, as part of a continuing
notably by passage of the Consumer unless it displays a currently valid OMB effort to reduce paperwork and
Credit Reporting Reform Act of 1996, control number. respondent burden, invites the general
the Gramm-Leach-Bliley Act of 1999, Request for Comments: Comments public and other Federal agencies to
and the Fair and Accurate Credit submitted in response to this notice will comment on an extension of a currently
Transactions Act of 2003 (FACTA). be summarized and included in the approved collection, as required by the
Historically, rulemaking authority for request for Office of Management and Paperwork Reduction Act of 1995 (Pub.
FCRA has been divided among the Budget approval. All comments will L. 104–13, 44 U.S.C. Chapter 35).
Board of Governors of the Federal become a matter of public records. DATES: Written comments should be
Reserve System (FRB), the Federal NCUA requests that you send your received on or before January 30, 2017
Deposit Insurance Corporation (FDIC), comments on the information collection to be assured consideration.
the Federal Trade Commission (FTC), requirements to the locations listed in
ADDRESSES: Interested persons are
NCUA, the Office of the Comptroller of the addresses section. Your comments
should address: (a) The necessity of the invited to submit written comments on
the Currency (OCC), and the Office of the information collection to Dawn
Thrift Supervision. information collection for the proper
performance of NCUA, including Wolfgang, National Credit Union
The Dodd-Frank Wall Street Reform Administration, 1775 Duke Street,
and Consumer Protection Act (DFA) whether the information will have
practical utility; (b) the accuracy of our Alexandria, Virginia 22314–3428, Suite
amended a number of consumer 5067; Fax No. 703–519–8579; or Email
financial protection laws, including estimate of the burden (hours and cost)
of the collection of information, at PRAComments@NCUA.gov.
most provisions of FCRA. In addition to
substantive amendments, the DFA including the validity of the FOR FURTHER INFORMATION CONTACT:
transferred rulemaking authority for methodology and assumptions used; (c) Requests for additional information
most provisions of FCRA to the ways we could enhance the quality, should be directed to the address above.
Consumer Financial Protection Bureau utility, and clarity of the information to SUPPLEMENTARY INFORMATION:
(CFPB). Pursuant to the DFA and FCRA, be collected; and (d) ways we could OMB Number: 3133–0152.
as amended, CFPB promulgated minimize the burden of the collection of Title: Management Official Interlocks,
Regulation V, 12 CFR 1022, to the information on the respondents such 12 CFR part 711.
implement those provisions of FCRA for as through the use of automated Abstract: The Depository Institution
which CFPB has rulemaking authority. collection techniques or other forms of Management Interlocks Act (12 U.S.C.
Regulation V contains several information technology 3201–3208) (‘‘Interlocks Act’’) generally
requirements that impose information Type of Review: Reinstatement of a prohibits financial institution
collection requirements: The negative previously approved collection. management officials from serving
information notice; risk-based pricing; Affected Public: Private Sector: Not- simultaneously with two unaffiliated
the procedures to enhance the accuracy for-profit institutions; Individuals or depository institutions or their holding
and integrity of information furnished to Households. companies. The Interlocks Act exempts
consumer reporting agencies; the duties Estimated Number of Respondents: interlocking arrangements between
upon notice of dispute from a consumer; Federal credit unions: 3,765; Consumer: credit unions and, therefore, in the case
the affiliate marketing opt-out notice; 115,300. of credit unions, only restricts interlocks
asabaliauskas on DSK3SPTVN1PROD with NOTICES

and the prescreened consumer reports Frequency of Response: Upon between credit unions and other
opt-out notice. occurrence of triggering action. institutions-banks and thrifts and their
The DFA did not transfer certain Estimated Burden Hours per holdings. The collection of information
rulemaking authority under FCRA. Response: Federal credit unions: 4.67; under Part 711 is needed to provide
Specifically, the DFA did not transfer to Consumer: 0.08. evidence of compliance with the
CFPB the authority to promulgate: The Estimated Total Annual Burden requirements of the Interlocks Act.
requirement to properly dispose of Hours: 303,546 (Federal credit unions: Type of Review: Extension of a
consumer information; the rules on 284,346; Consumer: 19,200). previously approved collection.

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Federal Register / Vol. 81, No. 229 / Tuesday, November 29, 2016 / Notices 86023

Affected Public: Private Sector: Not- 1:05 p.m.–3:00 p.m.: Draft Final included in recent ACRS reports
for-profit institutions. Rulemaking Package for Mitigation and letters.
Estimated No. of Respondents: 2. of Beyond-Design-Basis Events 10:30 a.m.–5:30 p.m.: Preparation of
Estimated No. of Responses per (Open)—The Committee will hear ACRS Reports (Open)—The
Respondent: 1. presentations by and hold Committee will continue its
Estimated Annual Responses: 2. discussions with representatives of discussion of proposed ACRS
Estimated Burden Hours per the NRC staff regarding the subject reports discussed during this
Response: 3. rulemaking package. meeting.
Estimated Total Annual Burden 3:15 p.m.–5:00 p.m.: Fukushima 5:30 p.m.–6:00 p.m.: Miscellaneous
Hours: 6. Recommendations Related to (1) (Open)—The Committee will
Request for Comments: Comments Evaluation of Natural Hazards continue its discussion related to
submitted in response to this notice will Other Than Seismic and Flooding, the conduct of Committee activities
be summarized and included in the (2) Periodic Confirmation of Natural and specific issues that were not
request for Office of Management and Hazards, and (3) Real-Time completed during previous
Budget approval. All comments will Radiation Monitoring (Open)—The meetings.
become a matter of public record. The Committee will hear presentations
public is invited to submit comments Procedures for the conduct of and
by and hold discussions with participation in ACRS meetings were
concerning: (a) Whether the collection representatives of the NRC staff
of information is necessary for the published in the Federal Register on
regarding the subject Fukushima October 17, 2016 (81 FR 71543). In
proper performance of the function of Tier 2 recommendations.
the agency, including whether the accordance with those procedures, oral
5:30 p.m.–6:00 p.m.: Preparation of
information will have practical utility; or written views may be presented by
ACRS Reports (Open)—The
(b) the accuracy of the agency’s estimate members of the public, including
Committee will discuss proposed
of the burden of the collection of representatives of the nuclear industry.
ACRS reports on matters discussed
information, including the validity of Persons desiring to make oral statements
during this meeting.
the methodology and assumptions used; should notify Quynh Nguyen, Cognizant
(c) ways to enhance the quality, utility, Thursday, December 1, 2016, ACRS Staff (Telephone: 301–415–5844,
and clarity of the information to be Conference Room T2–B1, 11545 Email: Quynh.Nguyen@nrc.gov), 5 days
collected; and (d) ways to minimize the Rockville Pike, Rockville, Maryland before the meeting, if possible, so that
burden of the collection of the 8:30 a.m.–6:00 p.m.: Preparation of appropriate arrangements can be made
information on the respondents, ACRS Reports (Open)—The to allow necessary time during the
including the use of automated Committee will continue its meeting for such statements. In view of
collection techniques or other forms of discussion of proposed ACRS the possibility that the schedule for
information technology. reports discussed during this ACRS meetings may be adjusted by the
By Gerard Poliquin, Secretary of the meeting. Chairman as necessary to facilitate the
Board, the National Credit Union conduct of the meeting, persons
Friday, December 2, 2016, Conference planning to attend should check with
Administration, on November 22, 2016.
Room T2–B1, 11545 Rockville Pike, the Cognizant ACRS staff if such
Dated: November 23, 2016. Rockville, Maryland rescheduling would result in major
Dawn D. Wolfgang, inconvenience.
8:30 a.m.–10:00 a.m.: Future ACRS
NCUA PRA Clearance Officer. Activities/Report of the Planning Thirty-five hard copies of each
[FR Doc. 2016–28657 Filed 11–28–16; 8:45 am] and Procedures Subcommittee presentation or handout should be
BILLING CODE 7535–01–P (Open/Closed)—The Committee provided 30 minutes before the meeting.
will discuss the recommendations In addition, one electronic copy of each
of the Planning and Procedures presentation should be emailed to the
NUCLEAR REGULATORY Subcommittee regarding items Cognizant ACRS Staff one day before
COMMISSION proposed for consideration by the meeting. If an electronic copy cannot be
Full Committee during future ACRS provided within this timeframe,
Advisory Committee on Reactor Meetings, and matters related to the presenters should provide the Cognizant
Safeguards conduct of ACRS business, ACRS Staff with a CD containing each
including anticipated workload and presentation at least 30 minutes before
Notice of Meeting member assignments. [Note: A the meeting.
In accordance with the purposes of portion of this meeting may be In accordance with Subsection 10(d)
Sections 29 and 182b of the Atomic closed pursuant to 5 U.S.C. of Public Law 92–463 and 5 U.S.C.
Energy Act (42 U.S.C. 2039, 2232b), the 552b(c)(2) and (6) to discuss 552b(c), certain portions of this meeting
Advisory Committee on Reactor organizational and personnel may be closed, as specifically noted
Safeguards (ACRS) will hold a meeting matters that relate solely to internal above. Use of still, motion picture, and
on November 30–December 2, 2016, personnel rules and practices of television cameras during the meeting
11545 Rockville Pike, Rockville, ACRS, and information the release may be limited to selected portions of
Maryland. of which would constitute a clearly the meeting as determined by the
unwarranted invasion of personal Chairman. Electronic recordings will be
asabaliauskas on DSK3SPTVN1PROD with NOTICES

Wednesday, November 30, 2016, privacy.] permitted only during the open portions
Conference Room T2–B1, 11545 10:00 a.m.–10:15 a.m.: Reconciliation of of the meeting.
Rockville Pike, Rockville, Maryland ACRS Comments and ACRS meeting agendas, meeting
1:00 p.m.–1:05 p.m.: Opening Remarks Recommendations (Open)—The transcripts, and letter reports are
by the ACRS Chairman (Open)— Committee will discuss the available through the NRC Public
The ACRS Chairman will make responses from the NRC Executive Document Room at pdr.resource@
opening remarks regarding the Director for Operations to nrc.gov, or by calling the PDR at 1–800–
conduct of the meeting. comments and recommendations 397–4209, or from the Publicly

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Document Created: 2016-11-29 00:32:41
Document Modified: 2016-11-29 00:32:41

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 January 30, 2017 to be assured consideration.
Contact		Requests for additional information
FR Citation		81 FR 86022