Notice2024-04688
Renewals 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
March 6, 2024
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 89 Issue 45 (Wednesday, March 6, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 45 (Wednesday, March 6, 2024)]
[Notices]
[Page 16035]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-04688]
[[Page 16035]]
=======================================================================
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Renewals 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 May 6, 2024 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#a2f2f0e3e1cdcfcfc7ccd6d1e2ece1f7e38cc5cdd4"><span class="__cf_email__" data-cfemail="35656774765a5858505b4146757b7660741b525a43">[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: 3133-0133.
Title: Investment and Deposit Activities, 12 CFR part 703.
Type of Review: Extension of a previously approved collection.
Abstract: The National Credit Union Administration (NCUA) Federal
Credit Union Act, 12 U.S.C. 1757(7), 1757(8), 1757(15), lists
securities, deposits, and other obligations in which a Federal Credit
Union (FCU) may invest. The regulations related to these areas are
contained in Part 703 and Section 721.3 of the NCUA Rules and
Regulations, which set forth requirements related to maintaining an
adequate investment program. The information collected is used by the
NCUA to determine compliance with the appropriate sections of the NCUA
Rules and Regulations and FCU Act, which governs investment and deposit
activities on the basis of safety and soundness concerns. It is used to
determine the level of risk that exists within a credit union, the
actions taken by the credit union to mitigate such risk, and helps
prevent losses to federal credit unions and the National Credit Union
Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 54,501.
OMB Number: 3133-0190.
Title: Loans in Areas Having Special Flood Hazards, 12 CFR 760.
Type of Review: Extension of a previously approved collection.
Abstract: This collection of information is set forth in NCUA
regulations at 12 CFR part 760 and is required by the National Flood
Insurance Reform Act of 1994's amendments to the National Flood
Insurance Act of 1968 and the Flood Disaster Protection Act of 1973
(Flood Act). The collection of information pertains to loans secured by
buildings and mobile homes located or to be located in areas determined
by the Director of the Federal Emergency Management Agency (FEMA) to
have special flood hazards.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 185,213.
OMB Number: 3133-0195.
Title: Minority Depository Institution Preservation Program.
Type of Review: Extension of a previously approved collection.
Abstract: Dodd Frank Act amended sec. 308 of the FIRREA to require
NCUA, Office of the Comptroller of Currency, and the Federal Reserve
Board to establish a program to comply with its goals to preserve and
encourage Minority Depository Institutions (MDIs). The NCUA Board
issued Interpretive Ruling and Policy Statement (IRPS) 13-1
establishing a MDI preservation program to comply with FIRREA Sec. 308
goals. The IRPS identifies the procedure for a federally insured credit
union to determine and document its ability to designate itself as a
MDI, resulting in the ability to participate in the Program.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 38.
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. 2024-04688 Filed 3-5-24; 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 March 6, 2024.
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.