Notice2022-18633
Submission for OMB Review; 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
August 30, 2022
Issuing agencies
National Credit Union Administration
Abstract
The National Credit Union Administration (NCUA) will submit 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.
Full Text
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<title>Federal Register, Volume 87 Issue 167 (Tuesday, August 30, 2022)</title>
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[Federal Register Volume 87, Number 167 (Tuesday, August 30, 2022)]
[Notices]
[Pages 53022-53023]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-18633]
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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 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 September 29, 2022 to
be assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing
<a href="/cdn-cgi/l/email-protection#65353724260a0808000b1116250b0610044b020a13"><span class="__cf_email__" data-cfemail="c595978486aaa8a8a0abb1b685aba6b0a4eba2aab3">[email protected]</span></a>, or viewing the entire information collection
request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0039.
Type of Review: Extension of a currently approved collection.
Title: Borrowed Funds from Natural Persons, 12 CFR 701.38.
Abstract: Section 701.38 of the NCUA regulations grants federal
credit unions the authority to borrow funds from a natural person as
long as they maintain a signed promissory note which includes the terms
and conditions of maturity, repayment, interest rate, method of
computation and method of payment; and the promissory note and any
advertisements for borrowing have clearly visible language stating that
the note represents money borrowed by the credit union and does not
represent shares and is not insured by the National Credit Union
Insurance Fund (NCUSIF). NCUA will use this information to ensure a
credit union's natural person borrowings are in compliance and address
all regulatory and safety and soundness requirements.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 31.
OMB Number: 3133-0129.
Type of Review: Extension of a currently approved collection.
Title: Corporate Credit Union, 12 CFR 704.
Abstract: Part 704 of NCUA's regulations established the regulatory
framework for corporate credit unions. This includes various reporting
and recordkeeping requirements as well as safety and soundness
standards. NCUA has established and regulates corporate credit unions
pursuant to its authority under Sec. Sec. 120, 201, and 209 of the
Federal Credit Union Act, 12 U.S.C. 1766(a), 1781, and 1789. The
collection of information is necessary to ensure that corporate credit
unions operate in a safe and sound manner by limiting risk to their
natural person credit union members and the National Credit Union Share
Insurance Fund.
Affected Public: Private Sector: Not-for-profit institutions.
[[Page 53023]]
Estimated Total Annual Burden Hours: 230.
By Melane Conyers-Ausbrooks, Secretary of the Board, the National
Credit Union Administration, on August 24, 2022.
Dated: August 25, 2022.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2022-18633 Filed 8-29-22; 8:45 am]
BILLING CODE 7535-01-P
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</html>Indexed from Federal Register on August 30, 2022.
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