Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 43229-43230 [2013-17337]

Download as PDF Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices SUPPLEMENTARY INFORMATION: Proposal emcdonald on DSK67QTVN1PROD with NOTICES for the following collection of information: I. Abstract and Request for Comments NCUA is reinstating the information collection previously approved under OMB control number 3133–0166. Under HMDA, depository institutions that have a home office or branch office located within a metropolitan statistical area must compile and make available to the public the number and total dollar amount of mortgage loans originated (or for which the institution received completed applications) or purchased during each year. 12 U.S.C. 2801 et seq. The Consumer Financial Protection Bureau implements HMDA under Regulation C, 12 CFR Part 1003. Regulation C requires financial institutions and mortgage lending institutions to report data about home purchase loans and refinancings that originated or purchased, or for which applications were received, and to disclose the data to the public. Under this information collection, credit unions meeting the criteria described in HMDA and Regulation C must compile, report, and make available data about home purchase loans and refinancings they originate, purchase, or for which they receive applications. The data is made available to the public to help to determine whether credit unions, along with other financial institutions and other mortgage lenders, are serving the housing needs of their members and to assist public officials in distributing public-sector investment so as to attract private investment to areas where it is needed. Additionally, federal regulators use the data to identify possible discriminatory lending patterns and enforce antidiscrimination statutes. Specifically, NCUA uses HMDA data to examine credit union compliance with the Equal Credit Opportunity Act and the Fair Housing Act. NCUA also uses the data to report credit union lending practices to Congress and the public. The Federal Financial Institutions Examination Council compiles the data and makes it available to the public annually to carry out the purposes of HMDA. NCUA is requesting reinstatement of OMB control number 3133–0166, with changes in the estimated burden due to an increase in the number of reporting credit unions and the cost of the technology used to submit the information. Since the initial approval of the information collection, the number of credit unions involved in mortgage lending has increased slightly from 1,996 credit unions to 2,015 credit VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 unions. The estimated cost of the information collection has been adjusted to reflect the cost of programmatic modifications associated with increased number of respondents and the use of technology. The increase in the number of respondents caused a corresponding increase in the estimated burden hours associated with the collection, even though NCUA estimates the time per reportable loan application necessary to submit the information collection will not change. NCUA requests that you send your comments on this collection 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 (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 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: HMDA Requirements under 12 U.S.C. 2801–2810 and Regulation C, 12 CFR Part 1003. OMB Number: 3133–0166. Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: The collection of this data is required under the Home Mortgage Disclosure Act. The data collection is intended to provide the public with loan data that can be used (1) To help determine whether financial institutions are serving the housing needs of their communities; (2) to assist public officials in distributing publicsector investments so as to attract private investment to areas where it is needed; and (3) to assist in identifying possible discriminatory lending patterns and enforcing anti-discrimination statutes. Respondents: Credit unions. Estimated No. of Respondents/Record keepers: 2,015. Estimated Burden Hours per Response: 47.25 hours. Frequency of Response: Recordkeeping, Third party disclosure and Reporting Annually. PO 00000 Frm 00090 Fmt 4703 Sfmt 4703 43229 Estimated Total Annual Burden Hours: 95,210 hours. Estimated Total Annual Cost: $1,428,150. By the National Credit Union Administration Board on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17346 Filed 7–18–13; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, 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 (Pub. L. 104–13, 44 U.S.C. chapter 35). This information collection is published to obtain comments from the public. 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 a disaster. Part 749 requires a written vital records preservation program that includes a schedule for the storage and destruction of records and emergency contact information for employees, officials, regulatory offices, and vendors used to support vital records. DATES: Comments will be accepted until September 17, 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: OCIOPRA@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 SUMMARY: E:\FR\FM\19JYN1.SGM 19JYN1 43230 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices emcdonald on DSK67QTVN1PROD with NOTICES 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 reinstating and amending the collection for 3133–0032. Credit union records preservation programs enable NCUA to ensure that federallyinsured credit unions (FICUs) can reconstruct their vital records in the event that records are destroyed by a catastrophe and facilitates restoration of vital member services. The program does not have to be submitted to the NCUA but must be available for review by examination staff. The frequency of collection will be unique to each credit union based on its operations, storage schedule, and storage methods, but occurs on a flow basis at least quarterly. NCUA has modified the cost basis for this data collection to focus on the recordkeeping labor cost of maintaining a records preservation program rather than the technology cost to store records offsite. NCUA believes that electronically backing up and storing credit union records offsite has become a usual and customary business practice. Therefore, credit union labor costs are the appropriate recordkeeping burden associated with maintaining a records preservation program under Part 749. This is the primary reason why the total annual burden has decreased, along with a decline in the number of FICUs from 8,420 to 6,753 and newly chartered FICUs from 15 to 5. The NCUA requests that you send your comments on this collection 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 (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 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: Records Preservation under 12 CFR Part 749. OMB Number: 3133–0032. VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: Part 749 of NCUA Regulations directs each credit union to develop and maintain a records preservation program and maintain a log for records stored and destroyed. Respondents: All credit unions. Estimated No. of Respondents/ Recordkeepers: 6,758. This total consists of 6,753 existing FICUs as of 3/31/2013, and an anticipated 5 newly chartered FICUs in 2013. Estimated Burden Hours Per Response: 2 hours for existing FICUs and 8 hours for newly chartered FICUs. Frequency of Response: Quarterly. Estimated Total Annual Burden Hours: 13,546 Estimated Total Annual Cost: $427,512 By the National Credit Union Administration Board on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17337 Filed 7–18–13; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, 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 (Pub. L. 104–13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public. NCUA is renewing the requirements for Federally Insured Credit Unions to maintain an information security program and an incident response plan that complies with Title V of the Gramm-Leach-Bliley Act, 15 U.S.C. 6801 et seq. The program and response plan are required by Part 748 of the NCUA Rules and Regulations. Appendix B contains guidance on creating an effective incident response plan in the event of unauthorized access to member information and the requirements of the notices distributed to the affected members. DATES: Comments will be accepted until September 17, 2013. SUMMARY: PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 Interested parties are invited to submit written comments to the NCUA Contact and 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: OCIOPRA@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: ADDRESSES: I. Abstract and Request for Comments NCUA is amending/reinstating the collection for 3133–0033. NCUA is renewing the requirements for Federally Insured Credit Unions to maintain an information security program and an incident response plan that complies with Title V of the Gramm-Leach-Bliley Act, 15 U.S.C. 6801 et seq. Section 748.0 of NCUA’s regulations, 12 CFR 748.0, directs federally insured credit unions to adopt a security program that includes ensuring the security and confidentiality of member records, protecting against the anticipated threats or hazards to the security or integrity of such records, and protecting against unauthorized access to or use of such records that could result in substantial harm or serious inconvenience to a member. The security program also contains a requirement to respond to incidents of unauthorized access to or use of member information that could result in substantial harm or serious inconvenience to a member. Proper incident response includes a notification requirement to the affected member. NCUA examiners review the programs to determine whether the credit union’s procedures comply with the information security and incident response requirements. There is a decrease of 39,776 hours from the last submission (2007). The decrease is a result of an adjustment to the number of credit unions from 8,695 to 6,753. This decline is from credit union mergers and liquidations. The NCUA requests that you send your comments on this collection to the location listed in the addresses section. E:\FR\FM\19JYN1.SGM 19JYN1

Agencies

[Federal Register Volume 78, Number 139 (Friday, July 19, 2013)]
[Notices]
[Pages 43229-43230]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17337]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, With Change, of a Previously 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. 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 a disaster. Part 749 requires a 
written vital records preservation program that includes a schedule for 
the storage and destruction of records and emergency contact 
information for employees, officials, regulatory offices, and vendors 
used to support vital records.

DATES: Comments will be accepted until September 17, 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: OCIOPRA@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

[[Page 43230]]

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 reinstating and amending the collection for 3133-0032. 
Credit union records preservation programs enable NCUA to ensure that 
federally-insured credit unions (FICUs) can reconstruct their vital 
records in the event that records are destroyed by a catastrophe and 
facilitates restoration of vital member services. The program does not 
have to be submitted to the NCUA but must be available for review by 
examination staff. The frequency of collection will be unique to each 
credit union based on its operations, storage schedule, and storage 
methods, but occurs on a flow basis at least quarterly. NCUA has 
modified the cost basis for this data collection to focus on the 
recordkeeping labor cost of maintaining a records preservation program 
rather than the technology cost to store records offsite. NCUA believes 
that electronically backing up and storing credit union records offsite 
has become a usual and customary business practice. Therefore, credit 
union labor costs are the appropriate recordkeeping burden associated 
with maintaining a records preservation program under Part 749. This is 
the primary reason why the total annual burden has decreased, along 
with a decline in the number of FICUs from 8,420 to 6,753 and newly 
chartered FICUs from 15 to 5.
    The NCUA requests that you send your comments on this collection 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 
(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 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: Records Preservation under 12 CFR Part 749.
    OMB Number: 3133-0032.
    Form Number: None.
    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: Part 749 of NCUA Regulations directs each credit union 
to develop and maintain a records preservation program and maintain a 
log for records stored and destroyed.
    Respondents: All credit unions.
    Estimated No. of Respondents/Recordkeepers: 6,758. This total 
consists of 6,753 existing FICUs as of 3/31/2013, and an anticipated 5 
newly chartered FICUs in 2013.
    Estimated Burden Hours Per Response: 2 hours for existing FICUs and 
8 hours for newly chartered FICUs.
    Frequency of Response: Quarterly.
    Estimated Total Annual Burden Hours: 13,546
    Estimated Total Annual Cost: $427,512

    By the National Credit Union Administration Board on July 15, 
2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-17337 Filed 7-18-13; 8:45 am]
BILLING CODE 7535-01-P