Notice2023-26854
Revisions of Agency Information Collection of a Previously Approved Collection; Request for Comments
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
December 7, 2023
Issuing agencies
National Credit Union Administration
Abstract
As required by the Paperwork Reduction Act of 1995, the National Credit Union Administration (NCUA) is submitting the following extensions and revisions of currently approved collections to the Office of Management and Budget (OMB) for renewal.
Full Text
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<title>Federal Register, Volume 88 Issue 234 (Thursday, December 7, 2023)</title>
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[Federal Register Volume 88, Number 234 (Thursday, December 7, 2023)]
[Notices]
[Pages 85327-85328]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-26854]
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NATIONAL CREDIT UNION ADMINISTRATION
Revisions of Agency Information Collection of a Previously
Approved Collection; Request for Comments
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice of submission to the Office of Management and Budget.
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SUMMARY: As required by the Paperwork Reduction Act of 1995, the
National Credit Union Administration (NCUA) is submitting the following
extensions and revisions of currently approved collections to the
Office of Management and Budget (OMB) for renewal.
DATES: Written comments should be received on or before January 8, 2024
to be assured 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 Mahala Vixamar at (703) 718-1155, emailing
<a href="/cdn-cgi/l/email-protection#6d3d3f2c2e0200000803191e2d030e180c430a021b"><span class="__cf_email__" data-cfemail="50000211133f3d3d353e2423103e3325317e373f26">[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: 3133-0004.
Title: NCUA Call Report.
Type of Review: Revision of a currently approved collection.
Abstract: Sections 106 and 202 of the Federal Credit Union Act
require federally insured credit unions (FICUs) to make financial
reports to the NCUA. Section 741.6 of the NCUA Rules and Regulations
requires all FICUs to submit a Call Report quarterly. Financial
information collected through the Call Report is essential to NCUA
supervision of Federal credit unions. This information also facilitates
NCUA monitoring of other credit unions with share accounts insured by
the National Credit Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 4,686.
Estimated Number of Responses per Respondent: 4.
Estimated Total Annual Responses: 18,744.
Estimated Hours per Response: 4.
Estimated Total Annual Burden Hours: 74,976.
Reason for Change: Burden decreased due to the number of
respondents decreasing.
OMB Number: 3133-0040.
Title: Federal Credit Union Occupancy, Planning, and Disposal of
Acquired and Abandoned Premises--12 CFR 701.36.
Type of Review: Revision of a currently approved collection.
Abstract: Section 107(4) of the Federal Credit Union Act authorizes
a Federal credit union (FCU) to purchase, hold, and dispose of property
necessary or incidental to its operations. Section 701.36 of NCUA Rules
and Regulations interprets and implements this provision of the FCU Act
by establishing occupancy, planning, and disposal requirements for
acquired and abandoned premises. It also prohibits certain
transactions. In addition, this section includes provisions in which an
FCU may seek a waiver from certain requirements of the rule. NCUA
reviews written waiver requests and makes a determination on the
request based on safety and soundness considerations.
Affected Public: Private Sector: Not-for-profit institutions.
[[Page 85328]]
Estimated Number of Respondents: 18.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Responses: 18.
Estimated Hours per Response: 10.
Estimated Total Annual Burden Hours: 180.
Reason for Change: Burden increased due to the number of
respondents increasing.
OMB Number: 3133-0127.
Title: Purchase, Sale, and Pledge of Eligible Obligations--12 CFR
701.23.
Type of Review: Revision of a currently approved collection.
Abstract: Section 701.23 authorizes Federal Credit Unions to sell
and pledge loans and purchase eligible obligations from other
institutions.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 343.
Estimated Number of Responses per Respondent: 79.154.
Estimated Total Annual Responses: 27,150.
Estimated Hours per Response: 0.40214.
Estimated Total Annual Burden Hours: 10,918.
Reason for Change: Burden decreased due to the number of
respondents decreasing.
OMB Number: 3133-0141.
Title: Organization and Operations of Federal Credit Unions--Loan
Participation, 12 CFR 701.22.
Type of Review: Revision of a currently 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 Number of Respondents: 1,887.
Estimated Number of Responses per Respondent: 2.01695.
Estimated Total Annual Responses: 3,806.
Estimated Hours per Response: 0.7949.
Estimated Total Annual Burden Hours: 3,025.
Reason for Change: Burden decreased due to the number of
respondents decreasing.
OMB Number: 3133-0189.
Title: Contractor Budget and Representations and Certifications.
Type of Review: Extension of a previously approved collection.
Abstract: Standardized information from prospective outside counsel
is essential to the NCUA in carrying out its responsibility as
regulator, conservator, and liquidating agent for federally insured
credit unions. The information will enable the NCUA to further
standardize the data it uses to select outside counsel, consider
additional criteria in making its selections, and improve efficiency
and recordkeeping related to its selection process.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 50.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Responses: 50.
Estimated Hours per Response: 2.
Estimated Total Annual Burden Hours: 100.
Reason for Change: Burden decreased due to the number of
respondents decreasing.
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. 2023-26854 Filed 12-6-23; 8:45 am]
BILLING CODE 7535-01-P
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