Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, of a Previously Approved Collection; Comment Request, 43238-43239 [2013-17342]

Download as PDF 43238 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices * 98. Date filed Part V—Suspicious Activity Information Explanation/Description Part V would require the filer to provide a chronological and complete narrative account of the activity, including what is unusual, irregular, or suspicious about the activity. In the BSA–SAR this part would be a text file that is limited to 17,000 characters (approximately six pages). Institutions may, but are not required to, attach a MS Excel-compatible file (no larger than 1 MB) providing details in tabular form of transactions subject to the suspicious activity discussed in the text file. Consultation Outside the Agency As set forth above, the SAR was originally developed in 1996 by an interagency group that consisted of the federal banking agencies, the U.S. Departments of Justice and Treasury, and several law enforcement agencies. The general framework of the BSA–SAR report and revisions to the BSA–SAR data elements have been discussed on an interagency basis. Estimate of Respondent Burden The burden per institution varies depending on the nature of the activity being reported. Because of these changes to the BSA–SAR, the estimated average burden would increase to 2 hours per response. Between January 1, 2012, and December 31, 2012, federally insured credit unions filed 67,537 6 SARs. Based on this data the annual reporting burden for the federally insured credit unions is estimated to be 135,074 hours with the proposed revisions. DATES: Written comments should be received on or before September 17, 2013. 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 collection, or a copy of submitted comments should be directed emcdonald on DSK67QTVN1PROD with NOTICES ADDRESSES: 6 The SAR Activity Review—By the Numbers; Issue 18 VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314–3428, or at (703) 518–6444. SUPPLEMENTARY INFORMATION: Title: Suspicious Activity Report by Depository Institutions (SAR). OMB Control Numbers: 3133–0094. Form Numbers: 2362. Abstract: In 1985, the Banking Supervisory Agencies issued procedures to be used by banks and certain other financial institutions operating in the United States to report known or suspected criminal activities to the appropriate law enforcement and Banking Supervisory Agencies. Beginning in 1994, the Banking Supervisory Agencies and FinCEN redesigned the reporting process resulting in the Suspicious Activity Report, which became effective in April 1996. The report is authorized by 12 CFR 748.1 (NCUA). The regulation was issued under the authority contained in 1789(a) (NCUA). Current Action: NCUA proposes to renew, with revision, the previously approved form. Type of Review: Reinstatement of a previously approved collection. Affected Public: Business, for-profit institutions, and non-profit institutions. Estimated Number of Respondents: 6,753. Estimated Total Annual Responses: 67,537. Estimated Total Annual Burden: at an estimated 2 hours per form, Total Annual Burden is 135,074 hours. Records required to be retained under the Bank Secrecy Act and these regulations issued by the Banking Supervisory Agencies must be retained for five years. Generally, information collected pursuant to the Bank Secrecy Act is confidential, but may be shared as provided by law with regulatory and law enforcement authorities. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for Office of Management and Budget approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 of automated collection techniques or other forms of information technology, and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. By the National Credit Union Administration Board on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17352 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. The information collection applies to credit unions that engage in member business lending and requires written loan policies that address the various aspects of the member business loan program. Credit unions desiring a waiver from appraisal requirements, aggregate construction and development loan, loan-to-value ratios, personal liability and guarantee requirements, unsecured lending limits to one borrower, aggregate unsecured lending limits, or outstanding loans to one borrower limits of Part 723 must submit certain information to NCUA for consideration. Finally, a credit union seeking regulatory approval to purchase certain business loans in addition to those, which are statutorily limited, must submit certain information to NCUA for consideration. 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 SUMMARY: E:\FR\FM\19JYN1.SGM 19JYN1 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503. FOR FURTHER INFORMATION CONTACT: Request 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: emcdonald on DSK67QTVN1PROD with NOTICES I. Abstract and Request for Comments NCUA is amending/reinstating the collection for 3133–0101. Part 723 of NCUA’s regulations implements provisions in the Federal Credit Union Act (Act) for business loans and addresses NCUA’s safety and soundness concerns regarding this activity. Part 723 requires that credit unions that engage in business lending maintain written loan policies that address various aspects of the activity, including identification of the types of business loans the credit union will make, qualifications of loan officers, documentation requirements for creditworthiness of borrowers, collateral requirements, loan procedures, interest rates and maturities, and so forth. 12 CFR 723.6. Business lending is recognized as inherently riskier than consumer lending and requires particular expertise. Before promulgation of the member business loan regulation in the 1980s, business loans caused significant losses to the credit unions and the National Credit Union Share Insurance Fund (NCUSIF). Requiring federally-insured credit unions to develop specific business loan policies and procedures protects the safety and soundness of credit unions and the NCUSIF. Part 723 also permits credit unions to apply for a waiver from certain regulatory requirements. 12 CFR 723.10.11. Specifically, the rule permits waivers from the following requirements or limitations: appraisal requirements, aggregate construction and development loan limits, minimum borrower equity requirements for construction and development loans, loan-to-value ratios, personal liability and guarantee requirements, unsecured lending limits to one borrower, aggregate unsecured lending limits, and outstanding loans to one borrower limits. NCUA needs certain information from a credit union to consider the waiver request and evaluate the risks and impact of the waiver on the credit union and potential effect on the NCUSIF. VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 Finally, Part 723 permits a credit union to obtain regulatory approval so that it may purchase certain business purpose loans in addition to those which are statutorily limited. 12 CFR 723.16(b)(2). NCUA needs certain information from a credit union to evaluate its request so that NCUA may assess safety and soundness considerations and potential effect on the NCUSIF. NCUA examiners review the credit union policies during regulatory examinations. These reviews allow examiners to determine the appropriateness and risks of the programs they address for both the credit union and the NCUSIF. Written policies enable examiners to determine that the credit union is, in fact, following its own business planning in engaging member business lending. As part of the examination process, this review helps prevent losses to credit unions and the NCUSIF. For waiver requests, the information in the requests permits NCUA staff to make a reasonable determination of the appropriateness of the requests. For loan approval requests, the information in the requests permits NCUA staff to determine the appropriateness and risks of the loan purchases the credit union proposes for both the credit union and the NCUSIF. An increase in the reporting burden from the prior submission occurred due to an adjustment to the estimated responses based upon current credit union activity. While the number of respondents decreased, the estimated waiver activity increased resulting in an overall increase in annual response hours. 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 OMB Number: 3133–0101. PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 43239 Form Number: N/A. Type of Review: Reinstatement, without change. Title: 12 CFR Parts 723.5—Develop written loan policies—and 723.11— Provide waiver requests. Description: The general purpose of the requirements imposed by the rule is to ensure that loans are made, documented, and accounted for properly and for the ultimate protection of the National Credit Union Share Insurance Fund. Respondents are federally insured credit unions who make business loans as defined in the regulation. Respondents: Federally Insured Credit Unions. Estimated No. of Respondents/ Recordkeepers: 1,116. Estimated Burden Hours per Response: 4–17 hours. Frequency of Response: Recordkeeping, reporting and on occasion. Estimated Total Annual Burden Hours: 9,492 hours. Estimated Total Annual Cost: $0. By the National Credit Union Administration Board on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17342 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. The collection requires each Federal Credit Union (FCU) to establish reasonable policies and procedures for implementing the guidelines to identify possible risks to account holders or customers or to the safety and soundness of the institution or creditor (Red Flag Regulations). Each FCU is also required to develop an Identity Theft Prevention Program, provide staff training, and report to the board of directors, a committee thereof, or senior SUMMARY: E:\FR\FM\19JYN1.SGM 19JYN1

Agencies

[Federal Register Volume 78, Number 139 (Friday, July 19, 2013)]
[Notices]
[Pages 43238-43239]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17342]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, Without 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. The information collection applies to credit 
unions that engage in member business lending and requires written loan 
policies that address the various aspects of the member business loan 
program. Credit unions desiring a waiver from appraisal requirements, 
aggregate construction and development loan, loan-to-value ratios, 
personal liability and guarantee requirements, unsecured lending limits 
to one borrower, aggregate unsecured lending limits, or outstanding 
loans to one borrower limits of Part 723 must submit certain 
information to NCUA for consideration. Finally, a credit union seeking 
regulatory approval to purchase certain business loans in addition to 
those, which are statutorily limited, must submit certain information 
to NCUA for consideration.

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

[[Page 43239]]

National Credit Union Administration, Office of Information and 
Regulatory Affairs, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Request 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/reinstating the collection for 3133-0101. Part 723 
of NCUA's regulations implements provisions in the Federal Credit Union 
Act (Act) for business loans and addresses NCUA's safety and soundness 
concerns regarding this activity. Part 723 requires that credit unions 
that engage in business lending maintain written loan policies that 
address various aspects of the activity, including identification of 
the types of business loans the credit union will make, qualifications 
of loan officers, documentation requirements for creditworthiness of 
borrowers, collateral requirements, loan procedures, interest rates and 
maturities, and so forth. 12 CFR 723.6. Business lending is recognized 
as inherently riskier than consumer lending and requires particular 
expertise. Before promulgation of the member business loan regulation 
in the 1980s, business loans caused significant losses to the credit 
unions and the National Credit Union Share Insurance Fund (NCUSIF). 
Requiring federally-insured credit unions to develop specific business 
loan policies and procedures protects the safety and soundness of 
credit unions and the NCUSIF.
    Part 723 also permits credit unions to apply for a waiver from 
certain regulatory requirements. 12 CFR 723.10-.11. Specifically, the 
rule permits waivers from the following requirements or limitations: 
appraisal requirements, aggregate construction and development loan 
limits, minimum borrower equity requirements for construction and 
development loans, loan-to-value ratios, personal liability and 
guarantee requirements, unsecured lending limits to one borrower, 
aggregate unsecured lending limits, and outstanding loans to one 
borrower limits. NCUA needs certain information from a credit union to 
consider the waiver request and evaluate the risks and impact of the 
waiver on the credit union and potential effect on the NCUSIF.
    Finally, Part 723 permits a credit union to obtain regulatory 
approval so that it may purchase certain business purpose loans in 
addition to those which are statutorily limited. 12 CFR 723.16(b)(2). 
NCUA needs certain information from a credit union to evaluate its 
request so that NCUA may assess safety and soundness considerations and 
potential effect on the NCUSIF.
    NCUA examiners review the credit union policies during regulatory 
examinations. These reviews allow examiners to determine the 
appropriateness and risks of the programs they address for both the 
credit union and the NCUSIF. Written policies enable examiners to 
determine that the credit union is, in fact, following its own business 
planning in engaging member business lending. As part of the 
examination process, this review helps prevent losses to credit unions 
and the NCUSIF.
    For waiver requests, the information in the requests permits NCUA 
staff to make a reasonable determination of the appropriateness of the 
requests. For loan approval requests, the information in the requests 
permits NCUA staff to determine the appropriateness and risks of the 
loan purchases the credit union proposes for both the credit union and 
the NCUSIF.
    An increase in the reporting burden from the prior submission 
occurred due to an adjustment to the estimated responses based upon 
current credit union activity. While the number of respondents 
decreased, the estimated waiver activity increased resulting in an 
overall increase in annual response hours.
    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

    OMB Number: 3133-0101.
    Form Number: N/A.
    Type of Review: Reinstatement, without change.
    Title: 12 CFR Parts 723.5--Develop written loan policies--and 
723.11--Provide waiver requests.
    Description: The general purpose of the requirements imposed by the 
rule is to ensure that loans are made, documented, and accounted for 
properly and for the ultimate protection of the National Credit Union 
Share Insurance Fund. Respondents are federally insured credit unions 
who make business loans as defined in the regulation.
    Respondents: Federally Insured Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 1,116.
    Estimated Burden Hours per Response: 4-17 hours.
    Frequency of Response: Recordkeeping, reporting and on occasion.
    Estimated Total Annual Burden Hours: 9,492 hours.
    Estimated Total Annual Cost: $0.

    By the National Credit Union Administration Board on July 15, 
2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-17342 Filed 7-18-13; 8:45 am]
BILLING CODE 7535-01-P