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)

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, 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