Agency Information Collection Activities; Submission to OMB for Revision to a Currently Approved Collection; Comment Request, 15380-15381 [2013-05552]
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Federal Register / Vol. 78, No. 47 / Monday, March 11, 2013 / Notices
and certifications, covering matters such
as firm profile and expertise,
malpractice insurance, price
determination and contract solicitation
methods, equal opportunity, lobbying,
invoices, and conflicts of interest. 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.
In connection with seeking proposals
from outside counsel, the NCUA’s
collections of information, in any of its
capacities, are not subject to the
Paperwork Reduction Act.1
Nevertheless, the NCUA intends to
voluntarily comply with the Paperwork
Reduction Act in collecting this
information.
The NCUA’s estimates of the average
number of respondents, burden, and
total annual cost appear below. The
estimated number of respondents is the
NCUA’s approximation of the average
number of requests for proposals or
inquiries for legal services it processes
in any given calendar year. The
estimated burden is the NCUA’s
assessment of the aggregate time
prospective outside counsel will need to
respond to the information on both the
budget form and the representations and
certifications form. The NCUA
estimated the total annual cost by
multiplying its estimate of the number
of respondents (100) by the burden (2
hours) and multiplying that total by an
estimated national average hourly
billing rate for attorneys of $284.
The NCUA requests that you send
your comments on this collection to the
location listed in the addresses section.
Your comments should address the
following subjects: (a) The necessity of
the information collection for the proper
performance of the NCUA, including
whether the information will have
practical utility; (b) the accuracy of the
NCUA’s estimate of the burden (hours
and cost) of the collection of
information, including the validity of
the methodology and assumptions used;
(c) ways the NCUA could enhance the
quality, utility, and clarity of the
information to be collected; and (d)
ways the NCUA 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 the NCUA’s policy to
make all comments available to the
public for review.
II. Data
Proposal for the following new
collection of information:
OMB Number: 3133—New.
Form Number: N/A.
Type of Review: New collection.
Title: Contractor Budget,
Representations, and Certifications.
Description: 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.
Respondents: Prospective outside
legal counsel.
Estimated Number of Respondents/
Recordkeepers: 100.
Estimated Burden Hours per
Response: 2 hours.
Frequency of Response: Periodically,
in response to solicitations.
Estimated Total Annual Burden
Hours: 200.
Estimated Total Annual Cost:
$56,800.
By the National Credit Union
Administration Board on February 26, 2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013–05558 Filed 3–8–13; 8:45 am]
BILLING CODE 7535–01–P
mstockstill on DSK4VPTVN1PROD with NOTICES
1 See
12 U.S.C. 1766(i)(2) (‘‘In addition to the
authority conferred upon it by other sections of this
chapter, the [NCUA] Board is authorized in carrying
out its functions under this chapter * * * to
expend such funds, enter into such contracts with
public and private organizations and persons, make
such payments in advance or by way of
reimbursement, acquire and dispose of, by lease or
purchase, real or personal property, without regard
to the provisions of any other law applicable to
executive or independent agencies of the United
States, and perform such other functions or acts as
it may deem necessary or appropriate to carry out
the provisions of this chapter, in accordance with
the rules and regulations or policies established by
the Board not inconsistent with this chapter * * *.)
(emphasis added); see also 12 U.S.C. 1787(b)(2)(A)
(providing that when the NCUA Board acts as
conservator or liquidating agent, by operation of
law, it succeeds to the legally distinct rights, titles
and powers of relevant credit unions, which are not
subject to the Paperwork Reduction Act).
VerDate Mar<15>2010
16:19 Mar 08, 2013
Jkt 229001
NATIONAL CREDIT UNION
ADMINISTRATION
Agency Information Collection
Activities; Submission to OMB for
Revision to a Currently Approved
Collection; Comment Request
National Credit Union
Administration (NCUA).
ACTION: Request for comment.
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
SUMMARY:
PO 00000
Frm 00040
Fmt 4703
Sfmt 4703
(Pub. L. 104–13, 44 U.S.C. Chapter 35).
This information collection is published
to obtain comments from the public.
NCUA is proposing to streamline the
Community Development Revolving
Loan Fund (CDRLF)—Loan Program
collection to include the CDRLF
Technical Assistance (Grant) Program.
Both the CDRLF—Loan Program and the
CDRLF—Technical Assistance (Grant)
Program are administered under the
NCUA Rules and Regulations Section
705. 12 CFR 705. This request seeks to
merge elements of both the loan and
grant programs into the same collection
and application in order to increase
program accessibility and internal and
external efficiencies. The newly
combined application will soon be
available on-line and low-income
designated credit unions will be able to
apply for either a CDRLF loan or grant
by accessing the same on-line
application system.
DATES: Comments will be accepted until
May 10, 2013.
ADDRESSES: Interested parties are
invited to submit written comments to
the NCUA Contact and the OMB
Reviewer listed below:
NCUA Contact: Tracy Crews, National
Credit Union Administration, 1775
Duke Street, Alexandria, Virginia
22314–3428, Fax No. 703–837–2861,
Email: OCIOmail@ncua.gov.
OMB Contact: 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 Tracy
Crews at the National Credit Union
Administration, 1775 Duke Street,
Alexandria, VA 22314–3428, or at (703)
518–6444.
SUPPLEMENTARY INFORMATION:
I. Abstract and Request for Comments
NCUA is amending the currently
approved collection for 3133–0138. The
CDRLF Loan and Technical Assistance
(Grant) Programs are both administered
under the NCUA Rules and Regulations
Section 705. 12 CFR 705. Previously,
two specific forms were used, one
application for loans and one
application for grants. NCUA is seeking
to streamline the CDRLF Program
application to include both the loan and
the grant section into one interactive,
on-line application in order to recognize
internal and external efficiencies. With
the merger of the grant documents to
this collection, the burden will increase
E:\FR\FM\11MRN1.SGM
11MRN1
Federal Register / Vol. 78, No. 47 / Monday, March 11, 2013 / Notices
by 1,276 hours to include the additional
calculations from low-income
designated credit unions seeking grants.
This increase is due strictly to the
merger of grant application documents.
The burden hours and cost related to the
loan documents have not changed from
the previous submission.
The NCUA requests that you send
your comments on this collection to the
locations listed in the addresses section.
Your comments should address: (a) The
necessity of the information collection
for the proper performance of the
CDRLF Loan and Technical Assistance
(Grant) Programs, 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 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
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. Comments submitted in
response to this notice will be
summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record.
mstockstill on DSK4VPTVN1PROD with NOTICES
II. Data
Proposal for the following collection
of information:
OMB Number: 3133–0138.
Type of Review: Revision, with
change, of a currently approved
collection.
Title: Community Development
Revolving Loan Fund (CDRLF) Program.
Description: NCUA requests this
information from participants in the
Community Development Revolving
Loan Fund (CDRLF) Loan and Technical
Assistance (Grant) Programs. The
information will allow NCUA to assess
a credit union’s capacity to repay the
funds and ensure that the funds were
used as intended to benefit the
institution and community it serves.
Estimated Number of Respondents/
Recordkeepers: 343.
Estimated Burden Hours per
Response: 4, 8, or 16 per response,
dependent on application type.
Frequency of Response: Reporting, on
occasion and semi-annually.
Estimated Total Annual Burden
Hours: 2,259 hours.
Estimated Total Annual Cost: 0.
VerDate Mar<15>2010
16:19 Mar 08, 2013
Jkt 229001
By the National Credit Union
Administration Board on February 26, 2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013–05552 Filed 3–8–13; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL CREDIT UNION
ADMINISTRATION
Agency Information Collection
Activities; Submission to OMB for
Reinstatement of a Previously
Approved Collection; Comment
Request
National Credit Union
Administration (NCUA).
ACTION: Request for comment.
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
(Public Law 104–13, 44 U.S.C. Chapter
35). This information collection is
published to obtain comments from the
public.
DATES: Comments will be accepted until
April 10, 2013.
ADDRESSES: Interested parties are
invited to submit written comments to
the NCUA Contact and the OMB
Reviewer listed below:
NCUA Contact: Tracy Crews, National
Credit Union Administration, 1775
Duke Street, Alexandria, Virginia
22314–3428, Fax No. 703–837–2861,
Email: OCIOMail@ncua.gov.
OMB Contact: 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 Tracy
Crews at the National Credit Union
Administration, 1775 Duke Street,
Alexandria, VA 22314–3428, or at (703)
518–6444.
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Abstract and Request for Comments
NCUA is reinstating a previously
approved collection for 3133–0133. This
collection is in connection with NCUA’s
investment regulation found at 12 CFR
part 703. A previous 60-day notice on
this information collection requirement
was published in the Federal Register
inviting public comment on October 14,
2011 (76 FR 63955). No comments on
the previous notice were received. Since
the issuance of the last notice, however,
PO 00000
Frm 00041
Fmt 4703
Sfmt 4703
15381
the number of potential respondents has
decreased and the number of burden
hours per respondent has slightly
increased.
Federal credit unions are required
under Part 703 to establish written
investment policies and review them
annually, document details of the
individual investments monthly, ensure
adequate broker/dealer selection
criteria, and record credit decisions
regarding deposits in financial
institutions. There are approximately
4,534 federal credit unions that may be
subject to all, or parts of the paperwork
burden contained in Part 703.
Generally, there is a disparity in the
burden of Part 703 for credit unions of
different sizes due to their different
investment needs. Very small credit
unions generally have simple
investment portfolios for which parts of
the rule do not apply. Larger credit
unions with complex investment
portfolios need to address many areas of
the rule.
Depending on these and other factors,
the categories of burden for federal
credit unions complying with Part 703
may include the following:
a. Establishing a written investment
policy;
b. Performing an annual review of the
written investment policy;
c. Obtaining and reviewing reports
from outside investment advisors;
d. Preparing a written report of
investments;
e. Obtaining price quotes on securities
prior to purchase or sale;
f. Completing and documenting a
monthly review of the fair value of each
security;
g. Completing a credit analysis of the
issuing entity;
h. Obtaining individual confirmation
statements for each investment
purchased or sold;
i. Obtaining and reconciling a
monthly statement of investments held
in safekeeping;
j. Preparing a monthly written report
of the fair value and/or total return of all
trading securities and purchase and sale
transactions and the resulting gain or
loss on an individual basis;
k. Obtaining and annually analyzing
background information on broker/
dealers used;
l. Requesting participation in the
investment pilot program; and
m. Obtaining written custodial
agreement for safekeeping activities by
third parties.
The NCUA requests that you send
your comments on this collection for
Part 703 to the locations listed in the
addresses section. Your comments
should address: (a) The necessity of the
E:\FR\FM\11MRN1.SGM
11MRN1
]]>Agencies
[Federal Register Volume 78, Number 47 (Monday, March 11, 2013)]
[Notices]
[Pages 15380-15381]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-05552]
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities; Submission to OMB for
Revision to a Currently Approved Collection; Comment Request
AGENCY: National Credit Union Administration (NCUA).
ACTION: Request for comment.
-----------------------------------------------------------------------
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). This information collection is published to obtain
comments from the public. NCUA is proposing to streamline the Community
Development Revolving Loan Fund (CDRLF)--Loan Program collection to
include the CDRLF Technical Assistance (Grant) Program. Both the
CDRLF--Loan Program and the CDRLF--Technical Assistance (Grant) Program
are administered under the NCUA Rules and Regulations Section 705. 12
CFR 705. This request seeks to merge elements of both the loan and
grant programs into the same collection and application in order to
increase program accessibility and internal and external efficiencies.
The newly combined application will soon be available on-line and low-
income designated credit unions will be able to apply for either a
CDRLF loan or grant by accessing the same on-line application system.
DATES: Comments will be accepted until May 10, 2013.
ADDRESSES: Interested parties are invited to submit written comments to
the NCUA Contact and the OMB Reviewer listed below:
NCUA Contact: Tracy Crews, National Credit Union Administration,
1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-
2861, Email: OCIOmail@ncua.gov.
OMB Contact: 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 Tracy Crews at the National Credit Union
Administration, 1775 Duke Street, Alexandria, VA 22314-3428, or at
(703) 518-6444.
SUPPLEMENTARY INFORMATION:
I. Abstract and Request for Comments
NCUA is amending the currently approved collection for 3133-0138.
The CDRLF Loan and Technical Assistance (Grant) Programs are both
administered under the NCUA Rules and Regulations Section 705. 12 CFR
705. Previously, two specific forms were used, one application for
loans and one application for grants. NCUA is seeking to streamline the
CDRLF Program application to include both the loan and the grant
section into one interactive, on-line application in order to recognize
internal and external efficiencies. With the merger of the grant
documents to this collection, the burden will increase
[[Page 15381]]
by 1,276 hours to include the additional calculations from low-income
designated credit unions seeking grants. This increase is due strictly
to the merger of grant application documents. The burden hours and cost
related to the loan documents have not changed from the previous
submission.
The NCUA requests that you send your comments on this collection to
the locations listed in the addresses section. Your comments should
address: (a) The necessity of the information collection for the proper
performance of the CDRLF Loan and Technical Assistance (Grant)
Programs, 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
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 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.
Comments submitted in response to this notice will be summarized and/or
included in the request for OMB approval. All comments will become a
matter of public record.
II. Data
Proposal for the following collection of information:
OMB Number: 3133-0138.
Type of Review: Revision, with change, of a currently approved
collection.
Title: Community Development Revolving Loan Fund (CDRLF) Program.
Description: NCUA requests this information from participants in
the Community Development Revolving Loan Fund (CDRLF) Loan and
Technical Assistance (Grant) Programs. The information will allow NCUA
to assess a credit union's capacity to repay the funds and ensure that
the funds were used as intended to benefit the institution and
community it serves.
Estimated Number of Respondents/Recordkeepers: 343.
Estimated Burden Hours per Response: 4, 8, or 16 per response,
dependent on application type.
Frequency of Response: Reporting, on occasion and semi-annually.
Estimated Total Annual Burden Hours: 2,259 hours.
Estimated Total Annual Cost: 0.
By the National Credit Union Administration Board on February
26, 2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-05552 Filed 3-8-13; 8:45 am]
BILLING CODE 7535-01-P
