Agency Information Collection Activities: Request for Comments for Reinstatement With Change of a Previously Approved Collection, Banks Conversions and Mergers, 52342-52344 [2015-21334]

Download as PDF 52342 Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices collection techniques or the use of other forms of information technology. Frances Teel, NASA PRA Clearance Officer. [FR Doc. 2015–21277 Filed 8–27–15; 8:45 am] BILLING CODE 7510–13–P NATIONAL AERONAUTICS AND SPACE ADMINISTRATION Notice of Information Collection; Notice (15–072) National Aeronautics and Space Administration (NASA). ACTION: Notice of information collection. AGENCY: The National Aeronautics and Space Administration, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995 (Public Law 104–13, 44 U.S.C. 3506(c)(2)(A)). DATES: All comments should be submitted within 30 calendar days from the date of this publication. ADDRESSES: Interested persons are invited to submit written comments regarding the proposed information collection to the Office of Information and Regulatory Affairs, Office of Management and Budget, 725 7th Street NW., Washington, DC 20543. Attention: Desk Officer for NASA. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the information collection instrument(s) and instructions should be directed to Frances Teel, NASA PRA Clearance Officer, NASA Headquarters, 300 E Street SW., Mail Code JF000, Washington, DC 20546, or Frances.C.Teel@NASA.gov. SUPPLEMENTARY INFORMATION: Lhorne on DSK5TPTVN1PROD with NOTICES SUMMARY: I. Abstract NASA promotes activities to demonstrate innovative uses and practical benefits of NASA Earth science data, scientific knowledge, and technology. NASA’s Applied Sciences Program established the DEVELOP National Program to research environmental management and public policy issues at the state and local level. Under the guidance of NASA and partner organization science advisors, DEVELOP enables participants to lead research projects that utilize NASA Earth observations to address community concerns and public policy issues. Through teams, DEVELOP VerDate Sep<11>2014 14:19 Aug 27, 2015 Jkt 235001 participants gain experience by (1) utilizing NASA’s Earth Science satellite and airborne resources, to include remote sensing and geographic information systems (GIS), and (2) communicating research results. DEVELOP projects serve the global community and extend NASA Earth Science research and technology to benefit society. A focus on both professional and personal development is central to DEVELOP’s ten week sessions, which are conducted annually during the spring, summer, and fall. The DEVELOP research opportunity is available to individuals 18 years and older and includes transitioning career professionals (including veterans of the Armed Forces), recent college/ university graduates, and currently enrolled students. Information is collected through an online process from individuals interested in participating in the NASA DEVELOP Program for a ten week session. Information collected from individuals includes a completed application, academic transcript, resume, and two letters of recommendation references per applicant. With the growing societal role of science and technology in today’s global workplace, DEVELOP is fostering an adept corps of tomorrow’s scientists and leaders. II. Method of Collection Electronic. III. Data Title: DEVELOP National Program Application. OMB Number: 2700–XXXX. Type of review: Existing collection in use without an OMB Control Number. Affected Public: Individuals. Estimated Number of Respondents: 2,850. Estimated Time per Response: Variable. Estimated Total Annual Burden Hours: 2,100. Estimated Total Annual Cost to Respondents: $37,275. IV. Request for Comments Comments are invited on: (1) Whether the proposed collection of information is necessary for the proper performance of the functions of NASA, including whether the information collected has practical utility; (2) the accuracy of NASA’s estimate of the burden (including hours and cost) of the proposed collection of information; (3) ways to enhance the quality, utility, and clarity of the information to be collected; and (4) ways to minimize the burden of the collection of information PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 on respondents, including automated collection techniques or the use of other forms of information technology. Frances Teel, NASA PRA Clearance Officer. [FR Doc. 2015–21279 Filed 8–27–15; 8:45 am] BILLING CODE 7510–13–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Request for Comments for Reinstatement With Change of a Previously Approved Collection, Banks Conversions and Mergers National Credit Union Administration (NCUA). ACTION: Request for comments. AGENCY: The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. Chapter 35). The purpose of this notice is to allow for 60 days of public comment. The information collection relates to NCUA’s regulation on conversions of federally insured credit unions (FICUs) to mutual savings banks (MSBs) and mergers of FICUs into banks. The regulation requires an insured credit union that proposes to convert to an MSB or merge into a bank to provide notice and disclosure of the proposal to members and NCUA and to conduct a membership vote. DATES: Comments will be accepted until October 27, 2015. ADDRESSES: Interested persons are invited to submit written comments to the NCUA Contact and the OMB Reviewer listed below: NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314– 3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Reviewer: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503, Email: oirasubmission@ omb.eop.gov. SUMMARY: FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to: NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314– E:\FR\FM\28AUN1.SGM 28AUN1 Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices Lhorne on DSK5TPTVN1PROD with NOTICES 3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. SUPPLEMENTARY INFORMATION: I. Abstract and Request for Comments NCUA is requesting reinstatement, with change, of the previously approved collection of information for NCUA’s regulation on Bank Conversions and Mergers, 12 CFR part 708a (Part 708a), which provides the requirements for conversions of FICUs to MSBs and mergers of FICUs into banks. Part 708a requires an insured credit union that proposes to convert to an MSB or to merge into a bank to provide notice and disclosure of the proposal to members and NCUA and to conduct a membership vote. These requirements are authorized under section 205(b)(2) of the Federal Credit Union Act, 12 U.S.C. 1785(b)(2). They are also necessary to ensure safety and soundness in the credit union industry, and to protect the interests of credit union members in the charter conversion and merger contexts. Submission of this information is designed to ensure NCUA has sufficient information to administer the member vote in an MSB conversion and to approve or disapprove a proposed merger into a bank. The information collection allows NCUA to ensure compliance with statutory and regulatory requirements for conversions and mergers. It also ensures that members of credit unions have sufficient and accurate information to exercise an informed vote concerning a proposed conversion or merger. Subpart A of Part 708a (Subpart A) covers the conversion of insured credit unions to MSBs. Subpart A requires insured credit unions that intend to convert to MSBs to provide notice and disclosure of their intent to convert to their members and NCUA. It also requires insured credit unions to provide additional information to NCUA at various points in the conversion process. Subpart C of Part 708a (Subpart C) covers the merger of insured credit unions into banks. Subpart C requires insured credit unions that intend to merge into banks (both mutual and stock banks) to determine the merger value of the credit union and provide notice and disclosure of their intent to merge to their members and NCUA. It also requires insured credit unions to provide additional information to NCUA at various points in the merger process. The categories of burden and burden hours for credit unions complying with Part 708a may include the following: Conversions to MSBs: VerDate Sep<11>2014 14:19 Aug 27, 2015 Jkt 235001 In the last five years, five credit unions have engaged in MSB conversion transactions. NCUA estimates it takes an average of approximately 300 hours to comply with the notice and disclosure requirements of Subpart A. Of the 300 hours, NCUA estimates that respondents will spend approximately 50 hours on recordkeeping, 42 hours on reporting, and 208 hours on third-party disclosure. Based on NCUA’s experience, NCUA estimates that in the future one insured credit union will engage in an MSB conversion transaction in any given year, so that the total annual collection burden is estimated to be approximately 300 hours. The credit union is required to: a. Publish advance notice of intent to convert (section 708a.103(a))—3 hours; b. Solicit and review member comments on the advance notice (sections 708a.103(a) and (b))—4 hours; c. Have the directors approve the conversion proposal (section 708a.103(c))—50 hours; d. Notify NCUA of intent to convert (section 708a.105)—40 hours; e. Prepare a directors’ certification of support for the conversion proposal and submit to NCUA (section 708a.105(a)(2))—1 hour; f. Prepare and mail notices to members and conduct a membership vote on the proposed conversion (sections 708a.104, 708a.106)—200 hours; g. Transmit, upon request, a member’s communication to the other members (section 708a.104(f))—1 hour; and h. Prepare a member vote certification and submit to NCUA (section 708a.107)—1 hour. Mergers into Banks: In the last five years, no credit unions have engaged in bank merger transactions. If a credit union were to engage in a bank merger transaction in the future, NCUA estimates it would take approximately 410 hours to comply with the merger valuation, notice, and disclosure requirements of Subpart C. Of the 410 hours, NCUA estimates that respondents will spend approximately 100 hours on recordkeeping, 102 hours on reporting, and 208 hours on thirdparty disclosure. NCUA estimates that in the future one insured credit union will engage in a bank merger transaction in any given year, so that the total annual collection burden is estimated to be approximately 410 hours. The credit union is required to: a. Obtain a merger valuation (section 708a.303(a))—50 hours; b. Publish advance notice of intent to merge (section 708a.303(b))—3 hours; PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 52343 c. Solicit and review member comments on the advance notice (section 708a.303(c))—4 hours; d. Conduct due diligence and have the directors approve the merger proposal (sections 708a.303(d), 708a.304(d))—50 hours; e. Prepare the Merger Plan and Notice of Intent to Merge and Request for NCUA Authorization and submit to NCUA (sections 708a.304(a) and (b))— 100 hours; f. Prepare a directors’ certification of support for the merger proposal and submit to NCUA (section 708a.304(c))— 1 hour; g. Prepare and mail notices to members and conduct a membership vote on the proposed merger (sections 708a.305, 708a.306)—200 hours; h. Transmit, upon request, a member’s communication to the other members (section 708a.305(g))—1 hour; and i. Prepare a member vote certification and submit to NCUA (section 708a.307)—1 hour. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. NCUA requests that you send your comments on this collection for part 708a to the location listed in the ADDRESSES section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden of the information collection, including the validity of the methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the information collection on respondents, such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. II. Data Title: Bank Conversions and Mergers, 12 CFR part 708a. OMB Number: Previously approved under OMB Number 3133–0182. Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: Part 708a requires an insured credit union that proposes to convert to an MSB or to merge into a bank to provide notice and disclosure of the proposal to members and NCUA and E:\FR\FM\28AUN1.SGM 28AUN1 52344 Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices to conduct a membership vote. Submission of this information is designed to ensure NCUA has sufficient information to administer the member vote in an MSB conversion and to approve or disapprove a proposed merger into a bank. The information collection allows NCUA to ensure compliance with statutory and regulatory requirements for conversions and mergers. It also ensures that members of credit unions have sufficient and accurate information to exercise an informed vote concerning a proposed conversion or merger. Respondents: Federally insured credit unions. Estimated Number of Respondents: 2. Estimated Number of Responses: 2. Frequency of Response: One-time; on occasion. Estimated Time per Response: Ranges from 300 to 410 hours. Estimated Total Annual Hour Burden: 710 hours. Estimated Total Annual Cost: $28,400.00 By the National Credit Union Administration Board on August 25, 2015. Gerard Poliquin, Secretary of the Board. [FR Doc. 2015–21334 Filed 8–27–15; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Request for Comments for Reinstatement With Change of a Previously Approved Collection, Organization and Operation of a Federal Credit Union Loan Participation National Credit Union Administration (NCUA). ACTION: Request for comment. AGENCY: National Credit Union Administration is announcing that a proposed collection of information has been submitted to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (PRA). This is related to NCUA’s regulation 701.22 that outlines requirements for loan participation programs. The rule requires various information collections, which NCUA uses to ensure credit unions have implemented a safe and sound loan participation program. DATES: Comments will be accepted until October 27, 2015. Lhorne on DSK5TPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 14:19 Aug 27, 2015 Jkt 235001 Interested persons are invited to submit written comments on the information collection to: NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314– 3428, Fax No. 703–837–2861, Email: OCIOPRA@ncua.gov. OMB Reviewer: Office of Management and Budget, ATTN: Desk Officer for the National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Requests for additional information, a copy of the information collection request, or a copy of submitted comments should be directed to: NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314– 3428, Fax No. 703–837–2861 Email: OCIOPRA@ncua.gov. SUPPLEMENTARY INFORMATION: ADDRESSES: I. Abstract and Request for Comments NCUA is requesting comments on the reinstatement of 3133–0141 Organization and Operations of Federal Credit Unions Loan Participation information collection. NCUA’s regulation, 12 CFR 701.22 outlines loan participation requirements. Loan participations pose inherent risk to the NCUSIF due to the interconnectedness between participants. Section 741.225 extends the requirements of Section 701.22 of NCUA’s regulations to Federally Insured State Chartered Credit Unions (FISCUs), noting there are strong indications of potential risk to the NCUSIF from FISCUs’ loan participation activity. Section 701.22 includes three collection requirements (1) maintenance of a written policy, (2) requirements on the purchasing credit union to have a written loan participation agreement, (3) options to apply for waivers from concentration limits. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number. NCUA requests that you send your comments on the information collection requirements under Part 701 to the locations listed in the addresses section. Your comments should address: (a) The necessity of the information collection for the proper performance of NCUA, including whether the information will have practical utility; (b) the accuracy of our estimate of the burden (hours and cost) of the collection of information, including the validity of the PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 methodology and assumptions used; (c) ways we could enhance the quality, utility, and clarity of the information to be collected; and (d) ways we could minimize the burden of the collection of the information on the respondents such as through the use of automated collection techniques or other forms of information technology. It is NCUA’s policy to make all comments available to the public for review. II. Data Title: Organization and Operations of Federal Credit Unions Loan Participation. OMB Number: 3133–0141. Form Number: None. Type of Review: Reinstatement with change of an approved collection. Description: Section 701.22 of NCUA’s regulations, 12 CFR 701.22, outlines the requirements for the administration of a loan participation program. Section 741 of NCUA’s regulations, 12 CFR 741.225, extends 12 CFR 701.22 to Federally Insured State Chartered Credit Unions. Section 701.22 includes various collections which NCUA uses to ensure credit unions have implemented a safe and sound program. Respondents: Federally insured credit unions. Estimated No. of Respondents/ Recordkeepers: 1,515 for loan participation policy revision and loan agreement retention, 10 for waiver submission and 1 for appeal request. Estimated Burden Hours per Response: 3 hours per policy revision, 4 hours per waiver submission and 4 hours per appeal. Frequency of Response: One time and optionally with each waiver submission. Estimated Total Annual Burden Hours: 4,589 hours total. Estimated Total Annual Cost: $146,342. By the National Credit Union Administration Board on August 25, 2015. Gerard Poliquin, Secretary of the Board. [FR Doc. 2015–21333 Filed 8–27–15; 8:45 am] BILLING CODE 7535–01–P NATIONAL SCIENCE FOUNDATION Notice of Permits Issued Under the Antarctic Conservation Act of 1978 National Science Foundation. Notice of permits issued under the Antarctic Conservation of 1978, Public Law 95–541. AGENCY: ACTION: The National Science Foundation (NSF) is required to publish notice of permits issued under the SUMMARY: E:\FR\FM\28AUN1.SGM 28AUN1

Agencies

[Federal Register Volume 80, Number 167 (Friday, August 28, 2015)]
[Notices]
[Pages 52342-52344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-21334]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Request for Comments 
for Reinstatement With Change of a Previously Approved Collection, 
Banks Conversions and Mergers

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comments.

-----------------------------------------------------------------------

SUMMARY: The NCUA intends to submit the following information 
collection to the Office of Management and Budget (OMB) for review and 
clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 
U.S.C. Chapter 35). The purpose of this notice is to allow for 60 days 
of public comment. The information collection relates to NCUA's 
regulation on conversions of federally insured credit unions (FICUs) to 
mutual savings banks (MSBs) and mergers of FICUs into banks. The 
regulation requires an insured credit union that proposes to convert to 
an MSB or merge into a bank to provide notice and disclosure of the 
proposal to members and NCUA and to conduct a membership vote.

DATES: Comments will be accepted until October 27, 2015.

ADDRESSES: Interested persons are invited to submit written comments to 
the NCUA Contact and the OMB Reviewer listed below:

NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke 
Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-2861, Email: 
OCIOPRA@ncua.gov.
OMB Reviewer: Office of Management and Budget, ATTN: Desk Officer for 
the National Credit Union Administration, Office of Information and 
Regulatory Affairs, Washington, DC 20503, Email: 
oirasubmission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Requests for additional information, a 
copy of the information collection request, or a copy of submitted 
comments should be directed to:

NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke 
Street, Alexandria, Virginia 22314-

[[Page 52343]]

3428, Fax No. 703-837-2861, Email: OCIOPRA@ncua.gov.

SUPPLEMENTARY INFORMATION: 

I. Abstract and Request for Comments

    NCUA is requesting reinstatement, with change, of the previously 
approved collection of information for NCUA's regulation on Bank 
Conversions and Mergers, 12 CFR part 708a (Part 708a), which provides 
the requirements for conversions of FICUs to MSBs and mergers of FICUs 
into banks. Part 708a requires an insured credit union that proposes to 
convert to an MSB or to merge into a bank to provide notice and 
disclosure of the proposal to members and NCUA and to conduct a 
membership vote. These requirements are authorized under section 
205(b)(2) of the Federal Credit Union Act, 12 U.S.C. 1785(b)(2). They 
are also necessary to ensure safety and soundness in the credit union 
industry, and to protect the interests of credit union members in the 
charter conversion and merger contexts. Submission of this information 
is designed to ensure NCUA has sufficient information to administer the 
member vote in an MSB conversion and to approve or disapprove a 
proposed merger into a bank. The information collection allows NCUA to 
ensure compliance with statutory and regulatory requirements for 
conversions and mergers. It also ensures that members of credit unions 
have sufficient and accurate information to exercise an informed vote 
concerning a proposed conversion or merger.
    Subpart A of Part 708a (Subpart A) covers the conversion of insured 
credit unions to MSBs. Subpart A requires insured credit unions that 
intend to convert to MSBs to provide notice and disclosure of their 
intent to convert to their members and NCUA. It also requires insured 
credit unions to provide additional information to NCUA at various 
points in the conversion process.
    Subpart C of Part 708a (Subpart C) covers the merger of insured 
credit unions into banks. Subpart C requires insured credit unions that 
intend to merge into banks (both mutual and stock banks) to determine 
the merger value of the credit union and provide notice and disclosure 
of their intent to merge to their members and NCUA. It also requires 
insured credit unions to provide additional information to NCUA at 
various points in the merger process.
    The categories of burden and burden hours for credit unions 
complying with Part 708a may include the following:
    Conversions to MSBs:
    In the last five years, five credit unions have engaged in MSB 
conversion transactions. NCUA estimates it takes an average of 
approximately 300 hours to comply with the notice and disclosure 
requirements of Subpart A. Of the 300 hours, NCUA estimates that 
respondents will spend approximately 50 hours on recordkeeping, 42 
hours on reporting, and 208 hours on third-party disclosure. Based on 
NCUA's experience, NCUA estimates that in the future one insured credit 
union will engage in an MSB conversion transaction in any given year, 
so that the total annual collection burden is estimated to be 
approximately 300 hours. The credit union is required to:
    a. Publish advance notice of intent to convert (section 
708a.103(a))--3 hours;
    b. Solicit and review member comments on the advance notice 
(sections 708a.103(a) and (b))--4 hours;
    c. Have the directors approve the conversion proposal (section 
708a.103(c))--50 hours;
    d. Notify NCUA of intent to convert (section 708a.105)--40 hours;
    e. Prepare a directors' certification of support for the conversion 
proposal and submit to NCUA (section 708a.105(a)(2))--1 hour;
    f. Prepare and mail notices to members and conduct a membership 
vote on the proposed conversion (sections 708a.104, 708a.106)--200 
hours;
    g. Transmit, upon request, a member's communication to the other 
members (section 708a.104(f))--1 hour; and
    h. Prepare a member vote certification and submit to NCUA (section 
708a.107)--1 hour.
    Mergers into Banks:
    In the last five years, no credit unions have engaged in bank 
merger transactions. If a credit union were to engage in a bank merger 
transaction in the future, NCUA estimates it would take approximately 
410 hours to comply with the merger valuation, notice, and disclosure 
requirements of Subpart C. Of the 410 hours, NCUA estimates that 
respondents will spend approximately 100 hours on recordkeeping, 102 
hours on reporting, and 208 hours on third-party disclosure. NCUA 
estimates that in the future one insured credit union will engage in a 
bank merger transaction in any given year, so that the total annual 
collection burden is estimated to be approximately 410 hours. The 
credit union is required to:
    a. Obtain a merger valuation (section 708a.303(a))--50 hours;
    b. Publish advance notice of intent to merge (section 
708a.303(b))--3 hours;
    c. Solicit and review member comments on the advance notice 
(section 708a.303(c))--4 hours;
    d. Conduct due diligence and have the directors approve the merger 
proposal (sections 708a.303(d), 708a.304(d))--50 hours;
    e. Prepare the Merger Plan and Notice of Intent to Merge and 
Request for NCUA Authorization and submit to NCUA (sections 708a.304(a) 
and (b))--100 hours;
    f. Prepare a directors' certification of support for the merger 
proposal and submit to NCUA (section 708a.304(c))--1 hour;
    g. Prepare and mail notices to members and conduct a membership 
vote on the proposed merger (sections 708a.305, 708a.306)--200 hours;
    h. Transmit, upon request, a member's communication to the other 
members (section 708a.305(g))--1 hour; and
    i. Prepare a member vote certification and submit to NCUA (section 
708a.307)--1 hour.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid OMB control number.
    NCUA requests that you send your comments on this collection for 
part 708a to the location listed in the ADDRESSES section. Your 
comments should address: (a) The necessity of the information 
collection for the proper performance of NCUA, including whether the 
information will have practical utility; (b) the accuracy of our 
estimate of the burden of the information collection, including the 
validity of the methodology and assumptions used; (c) ways we could 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) ways we could minimize the burden of the information 
collection on respondents, such as through the use of automated 
collection techniques or other forms of information technology. It is 
NCUA's policy to make all comments available to the public for review.

II. Data

    Title: Bank Conversions and Mergers, 12 CFR part 708a.
    OMB Number: Previously approved under OMB Number 3133-0182.
    Form Number: None.
    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: Part 708a requires an insured credit union that 
proposes to convert to an MSB or to merge into a bank to provide notice 
and disclosure of the proposal to members and NCUA and

[[Page 52344]]

to conduct a membership vote. Submission of this information is 
designed to ensure NCUA has sufficient information to administer the 
member vote in an MSB conversion and to approve or disapprove a 
proposed merger into a bank. The information collection allows NCUA to 
ensure compliance with statutory and regulatory requirements for 
conversions and mergers. It also ensures that members of credit unions 
have sufficient and accurate information to exercise an informed vote 
concerning a proposed conversion or merger.
    Respondents: Federally insured credit unions.
    Estimated Number of Respondents: 2.
    Estimated Number of Responses: 2.
    Frequency of Response: One-time; on occasion.
    Estimated Time per Response: Ranges from 300 to 410 hours.
    Estimated Total Annual Hour Burden: 710 hours.
    Estimated Total Annual Cost: $28,400.00

    By the National Credit Union Administration Board on August 25, 
2015.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2015-21334 Filed 8-27-15; 8:45 am]
 BILLING CODE 7535-01-P
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