83 FR 35028 - Agency Information Collection Activities: Proposed Collection; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 83, Issue 142 (July 24, 2018)

The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on the following extensions of a currently approved information collections, as required by the Paperwork Reduction Act of 1995.

[Federal Register Volume 83, Number 142 (Tuesday, July 24, 2018)]
[Notices]
[Pages 35028-35029]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15796]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other federal agencies to take this opportunity 
to comment on the following extensions of a currently approved 
information collections, as required by the Paperwork Reduction Act of 
1995.

DATES: Written comments should be received on or before September 24, 
2018 to be assured consideration.

ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of the information collection, including suggestions for 
reducing the burden to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Suite 5080, Alexandria, Virginia 
22314; Fax No. 703-519-8572; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to the address above or telephone 703-548-2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0117.
    Type of Review: Revision of a currently approved collection.
    Title: Designation of Low Income Status, 12 CFR 701.34(a).
    Abstract: The Federal Credit Union Act (12 U.S.C. 1752(5)) 
authorizes the NCUA Board to define low-income members so that credit 
unions with a membership serving predominantly low-income members can 
benefit from certain statutory relief and receive assistance from the 
Community Development Revolving Loan Fund. To utilize this authority a 
credit union must receive a low-income designation from NCUA as defined 
in NCUA's regulations at 12 CFR 701.34. NCUA uses the information from 
credit unions to determine whether they meet the criteria for the low-
income designation.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 252.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Reponses: 252.
    Estimated Burden Hours per Response: 1.20.
    Estimated Total Annual Burden Hours: 303.
    Reason for Change: The burden associated with the appeals process 
has been consolidate under 12 CFR 746-B and has been removed from this 
information collection.

    OMB Number: 3133-0121.
    Type of Review: Extension of a currently approved collection.
    Title: Notice of Change of Officials and Senior Executive Officers.
    Forms: NCUA Form 4063 and 4063a.
    Abstract: In order to comply with statutory requirements, the 
agency must obtain sufficient information from new officials or senior 
executive officers of troubled or newly chartered credit unions to 
determine their fitness for the position. This is established by the 
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 
(FIRREA) (Pub. L. 101-73). The forms provide a standardize format to 
collect the information needed.
    Affected Public: Private Sector: Not-for-profit institutions; 
Individual or Household.
    Estimated Number of Respondents: 219.
    Estimated Number of Responses per Respondent: Individual 1; Credit 
Union 1.21.
    Estimated Total Annual Reponses: 483.

[[Page 35029]]

    Estimated Burden Hours per Response: 1.83.
    Estimated Total Annual Burden Hours: 884.

    OMB Number: 3133-0154.
    Type of Review: Extension of a currently approved collection.
    Title: Prompt Corrective Action, 12 CFR 702 (Subparts A-D).
    Abstract: Section 216 of the Federal Credit Union Act (12 U.S.C. 
1790d) mandates prompt corrective action (PCA) requirements for 
federally insured credit unions (FICUs) that become less than well 
capitalized. Section 216 requires the NCUA Board to (1) adopt, by 
regulation, a system of prompt corrective action to restore the net 
worth of inadequately capitalized FICUs; and (2) develop an alternative 
system of prompt corrective action for new credit unions that carries 
out the purpose of PCA while allowing an FICU reasonable time to build 
its net worth to an adequately capitalized level. Part 702 implements 
the statutory requirements. The purpose of PCA is to resolve the 
problems of FICUs at the least possible long-term loss to the National 
Credit Union Share Insurance Fund (NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 642.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Reponses: 642.
    Estimated Burden Hours per Response: 5.99.
    Estimated Total Annual Burden Hours: 3,847.

    OMB Number: 3133-0192.
    Type of Review: Extension of a currently approved collection.
    Title: Involuntary Liquidation Proof of Claim Form.
    Form: NCUA Form 7250.
    Abstract: In accordance with 12 CFR part 709, the NCUA is appointed 
liquidating agent of a credit union when the credit union is placed 
into involuntary liquidation. Section 709.6 instructs creditors to 
present a written claim to the liquidating agent by the date specified 
in the notice to creditors. Those creditors making a claim must 
document their claim in writing and submit a form to the liquidating 
agent. In addition, the liquidating agent may require a claimant to 
submit supplemental evidence to support its claim. This collection of 
information is necessary to protect the National Credit Union Share 
Insurance Fund in determining valid claims.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 200.
    Estimated Number of Responses per Respondent: 1.10.
    Estimated Total Annual Responses: 220.
    Estimated Burden Hours per Response: 1.
    Estimated Total Annual Burden Hours: 220.

    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 
execution 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 July 19, 2018.

    Dated: July 19, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-15796 Filed 7-23-18; 8:45 am]
BILLING CODE 7535-01-P