87 FR 248 pg. 79909 - Submission for OMB Review; Comment Request
Type: NOTICEVolume: 87Number: 248Page: 79909
Page: 79909FR document: [FR Doc. 2022-28167 Filed 12-27-22; 8:45 am]
Agency: National Credit Union Administration
Official PDF Version: PDF Version
[top]
NATIONAL CREDIT UNION ADMINISTRATION
Submission for OMB Review; Comment Request
AGENCY:
National Credit Union Administration (NCUA).
ACTION:
Notice.
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 January 27, 2023 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 www.reginfo.gov/public/do/PRAMain. 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 Venetia Eldridge at (703) 518-1564, emailing PRAComments@ncua.gov, or viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0032.
Type of Review: Extension of a currently approved collection.
Title: Records Preservation, 12 CFR part 749.
Abstract: Part 749 of the NCUA regulations directs each credit union to have a vital records preservation program that includes procedures for maintaining duplicate vital records at a location far enough from the credit union's offices to avoid the simultaneous loss of both sets of records in the event of disaster. Part 749 also requires the program be in writing and include emergency contact information for employees, officials, regulatory offices, and vendors used to support vital records.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 116,472.
OMB Number: 3133-0052.
Type of Review: Extension of a currently approved collection.
Title: Federal Credit Union Bylaws, appendix A to part 701.
Abstract: The FCU Act and Bylaws require new and current FCU to prepare and maintain documents, such as organization certificate, charter, notices, meeting minutes, and election results, and notify the NCUA Board of certain changes. FCU's use the information they collect and maintain pursuant to their bylaws in their operations and to provide services to members. NCUA uses the information both to regulate the safety and soundness of FCU and protect the National Credit Union Share Insurance Fund.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 399,298.
OMB Number: 3133-0114.
Type of Review: Extension of a currently approved collection.
Title: Payments on Shares by Public Units and Nonmembers, 12 CFR 701.32.
Abstract: Section 107(6) of the Federal Credit Union Act (Act) and §?701.32 of the NCUA Rules and Regulations (12 CFR part 701) may receive from public units and political subdivisions and nonmember credit unions, payments on shares. Limitations on nonmember and public unit deposits in federal credit unions (FCUs) is 50 percent of the difference of paid-in and unimpaired capital and surplus and any public unit and nonmember shares, as measured at the time of acceptance of each public unit or nonmember share. This collection of information is necessary to protect the National Credit Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 100.
By Melane Conyers-Ausbrooks, Secretary of the Board, the National Credit Union Administration, on December 21, 2022.
Dated: December 21, 2022.
Venetia Eldridge,
NCUA PRA Clearance Officer.
[FR Doc. 2022-28167 Filed 12-27-22; 8:45 am]
BILLING CODE 7535-01-P