83 FR 12822 - Submission for OMB Review; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 83, Issue 57 (March 23, 2018)

The National Credit Union Administration (NCUA) will submit the following information collection request 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 57 (Friday, March 23, 2018)]
[Notices]
[Page 12822]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05929]


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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 submit 
the following information collection request 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 23, 2018 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of this 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, 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: 3133-0199.
    Title: Capital Planning and Stress Testing, 12 CFR part 702, 
subpart E.
    Abstract: To protect the National Credit Union Share Insurance Fund 
(NCUSIF) and the credit union system, the largest Federally Insured 
Credit Unions (FICUs) must have systems and processes to monitor and 
maintain their capital adequacy. This rule requires FICUs with assets 
of $10 billion or more (covered credit unions) to develop, maintain, 
and submit a capital plan annually. NCUA took into account the risk to 
the NCUSIF of the largest FICUs as it considered the need for capital 
plans at these institutions. The size of these institutions relative to 
the NCUSIF makes capital planning essential.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 2,250.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on March 20, 2018.

    Dated: March 20, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-05929 Filed 3-22-18; 8:45 am]
 BILLING CODE 7535-01-P