Notice2021-20878
Agency Information Collection Activities: Proposed Collection; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 27, 2021
Issuing agencies
National Credit Union Administration
Abstract
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 comment on the following extensions of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Full Text
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<title>Federal Register, Volume 86 Issue 184 (Monday, September 27, 2021)</title>
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[Federal Register Volume 86, Number 184 (Monday, September 27, 2021)]
[Notices]
[Pages 53352-53353]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-20878]
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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 comment on the
following extensions of a currently approved collection, as required by
the Paperwork Reduction Act of 1995.
DATES: Written comments should be received on or before November 26,
2021 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, Suite 6032, Alexandria, Virginia
22314; email at <a href="/cdn-cgi/l/email-protection#5606041715393b3b33382225161815031778313920"><span class="__cf_email__" data-cfemail="1d4d4f5c5e7270707873696e5d535e485c337a726b">[email protected]</span></a>. Given the limited in-house staff
because of the COVID-19 pandemic, email comments are preferred.
FOR FURTHER INFORMATION CONTACT: Address requests for additional
information to Dawn Wolfgang at the address above or telephone 703-548-
2279.
SUPPLEMENTARY INFORMATION: OMB Number: 3133-0121.
Title: Notice of Change of Officials and Senior Executive Officers.
Type of Review: Extension of a currently approved collection.
Forms: NCUA Forms 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), Public Law 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 No. of Respondents: 183.
Estimated No. of Responses per Respondent: Credit Union 1.48;
Individual 1.
Estimated Total Annual Responses: 454.
Estimated Burden Hours per Response: Credit Union 1.45; Individual
2.
Estimated Total Annual Burden Hours: 759.
OMB Number: 3133-0169.
Title: Purchase of Assets and Assumptions of Liabilities.
Type of Review: Extension of a currently approved collection.
Abstract: In accordance with Sec. 741.8, federally insured credit
unions (FICUs) must request approval from the NCUA prior to purchasing
assets or assuming liabilities of a privately insured credit union,
other financial institution, or their successor interest. A FICU
seeking approval must submit a letter to the appropriate NCUA Regional
Director stating the nature of the transaction and include copies of
relevant transaction documents. Relevant transaction documents may
include but are not limited to: the credit union's financial
statements, strategic plan, and budget, inventory of the assets and
liabilities to be transferred, and any relevant contracts or agreements
regarding the transfer. NCUA uses the information to determine the
safety and soundness of the transaction and risk to the National Credit
Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated No. of Respondents: 16.
Estimated No. of Responses per Respondent: 1.
Estimated Total Annual Responses: 16.
Estimated Burden Hours per Response: 120.
Estimated Total Annual Burden Hours: 1,920.
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
[[Page 53353]]
information on the respondents, including the use of automated
collection techniques or other forms of information technology.
By Melane Conyers-Ausbrooks, Secretary of the Board, the
National Credit Union Administration, on September 21, 2021.
Dated: September 22, 2021.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2021-20878 Filed 9-24-21; 8:45 am]
BILLING CODE 7535-01-P
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