Notice2023-21495
Renewal of Agency Information Collections for Comments Request: Proposed Collections
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 29, 2023
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
<html>
<head>
<title>Federal Register, Volume 88 Issue 188 (Friday, September 29, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 188 (Friday, September 29, 2023)]
[Notices]
[Page 67373]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-21495]
=======================================================================
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Renewal of Agency Information Collections for Comments Request:
Proposed Collections
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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: Written comments should be received on or before November 28,
2023 to be assured consideration.
ADDRESSES: Interested persons are invited to submit written comments on
the information collection to Mahala Vixamar, National Credit Union
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite
5067; Fax No. 703-519-8579; or email at <a href="/cdn-cgi/l/email-protection#91c1c3d0d2fefcfcf4ffe5e2d1dfd2c4d0bff6fee7"><span class="__cf_email__" data-cfemail="e2b2b0a3a18d8f8f878c9691a2aca1b7a3cc858d94">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be
obtained by contacting Mahala Vixamar at (703) 718-1155.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0061.
Title: Central Liquidity Facility, 12 CFR part 725.
Type of Review: Extension of a previously approved collection.
Abstract: Part 725 contains the regulations implementing the
National Credit Union Central Liquidity Facility Act, subchapter III of
the Federal Credit Union Act. The NCUA Central Liquidity Facility is a
mixed-ownership Government corporation within the NCUA. It is managed
by the NCUA Board and is owned by its member credit unions. The purpose
of the Facility is to improve the general financial stability of credit
unions by meeting their liquidity needs and thereby encourage savings,
support consumer and mortgage lending and provide basic financial
resources to all segments of the economy. The Central Liquidity
Facility achieves this purpose through operation of a Central Liquidity
Fund (CLF). The collection of information under this part is necessary
for the CLF to determine credit worthiness, as required by 12 U.S.C
1795e (2).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 691.
OMB Number: 3133-0141.
Title: Organization and Operations of Federal Credit Unions--Loan
Participation, 12 CFR 701.22.
Type of Review: Extension of a previously approved collection.
Abstract: The NCUA Rules and Regulations, sections 701.22 and
741.225, outline the requirements for a loan participation program.
FICUs are required to execute a written loan participation agreement
with the lead lender. Additionally, the rule requires all FICUs to
maintain a loan participation policy that establishes underwriting
standards and maximum concentration limits. Credit unions may apply for
waivers on certain key provisions of the rule.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 3,025.
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
performance 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 the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2023-21495 Filed 9-28-23; 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 September 29, 2023.
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.