83 FR 11564 - Submission for OMB Review; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 83, Issue 51 (March 15, 2018)

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, on or after the date of publication of this notice.

[Federal Register Volume 83, Number 51 (Thursday, March 15, 2018)]
[Notices]
[Pages 11564-11565]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05274]


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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, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before April 16, 2018 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of these information collections, 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, Suite 5060, Alexandria, VA 22314, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0183.
    Title: Golden Parachute and Indemnification Payments, 12 CFR part 
750.
    Abstract: This rule prohibits, in certain circumstances, a 
federally insured credit union (FICU) from making golden parachute and 
indemnification payments to an institution-affiliated party (IAP). 
Section 750.6 requires requests by a troubled FICU to make a severance 
or golden parachute payment to an IAP, to be

[[Page 11565]]

submitted in writing to NCUA. The information will be used by the NCUA 
to determine whether an exception to the general prohibition on golden 
parachute payments should be approved.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 21.

    OMB Number: 3133-0184.
    Title: Requirements for Insurance--Interest Rate Risk Policy
    Abstract: Section 741.3(b)(5) of NCUA's rules and regulations 
requires federally-insured credit unions (FICUs) with assets of more 
than $50 million to develop, as a prerequisites for insurability of its 
member deposits, a written interest rate risk management policy and a 
program to effectively implement the policy. The need for FICU to have 
a written policy to establish responsibilities and procedures for 
identifying, measuring, monitoring, controlling, and reporting, and 
establishing risk limits are essential components of safe and sound 
credit union operations and to ensure the security of the National 
Credit Union Share Insurance Fund (NCUSIF).
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 735.
    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on March 12, 2018.

    Dated: March 12, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-05274 Filed 3-14-18; 8:45 am]
 BILLING CODE 7535-01-P