Notice2022-16348
Agency Information Collection Activities: Proposed Collections, Fidelity Bond and Insurance Coverage
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
August 1, 2022
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 extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 146 (Monday, August 1, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 146 (Monday, August 1, 2022)]
[Notices]
[Pages 47014-47015]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-16348]
=======================================================================
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Proposed Collections,
Fidelity Bond and Insurance Coverage
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
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 extension of a currently approved collection, as required by
the Paperwork Reduction Act of 1995.
DATES: Written comments should be received on or before September 30,
2022 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#41111300022e2c2c242f3532010f0214006f262e37"><span class="__cf_email__" data-cfemail="d282809391bdbfbfb7bca6a1929c918793fcb5bda4">[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: 3133-0170.
Title: Fidelity Bond and Insurance Coverage, Sec. 704.18 and Part
713.
Type of Review: Extension of a currently approved collection.
Abstract: The Federal Credit Union Act (at 12 U.S.C. 1761b(2))
requires that the boards of federal credit unions (FCU) arrange for
adequate fidelity coverage for officers and employees having custody of
or responsibility for handling funds.
The regulation contains a number of reporting requirements where a
credit union seeks to exercise flexibility under the regulations. These
requirements enable NCUA to monitor the FCU's financial condition for
safety and soundness purposes and helps to assure that FCUs are
properly and adequately protected against potential losses due to
insider abuse such as fraud and embezzlement.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated No. of Respondents: 19.
Estimated No. of Responses per Respondent: 1.
Estimated Total Annual Responses: 19.
Estimated Burden Hours per Response: 1.
Estimated Total Annual Burden Hours: 19.
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
[[Page 47015]]
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 Melane Conyers-Ausbrooks, Secretary of the Board, the National
Credit Union Administration, on July 26, 2022.
Dated: July 26, 2022.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2022-16348 Filed 7-29-22; 8:45 am]
BILLING CODE 7535-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on August 1, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.