Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 43234 [2013-17350]

Download as PDF 43234 Federal Register / Vol. 78, No. 139 / Friday, July 19, 2013 / Notices 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. NCUA has authorized federal credit unions to advance money to members to cover account deficits without having a credit application on file if the credit union has a written overdraft policy. 12 CFR 701.21(c)(3). NCUA has also authorized federally insured credit unions to offer lending-related incentive pay to employees, provided they establish written policies regarding such plans. 12 CFR 701.21(c)(8). 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 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 SUMMARY: I. Abstract and Request for Comments NCUA is reinstating the collection of information for 3133–0139. NCUA has authorized federal credit unions to advance money to members to cover account deficits without having a credit application on file if the credit union has a written overdraft policy. 12 CFR 701.21(c)(3). NCUA believes a written policy is necessary to ensure safety and VerDate Mar<15>2010 15:33 Jul 18, 2013 Jkt 229001 soundness in the credit union industry and to protect the interests of credit union members where a federal credit union provides overdraft protection to a member without having his or her credit application on file. NCUA has also authorized federally insured credit unions to offer lending-related incentive pay to employees, provided they establish written policies regarding such plans. 12 CFR 701.21(c)(8). NCUA believes those written policies are necessary to ensure a plan is fully considered before being adopted and for the examination process. NCUA examiners use the information in these policies to review for safety and soundness. This submission represents an adjustment to the recordkeeping hour and cost burden since the last submission. Based on information in March 2013 call reports, we estimate approximately 1,725 federal credit unions are required to have written overdraft policies and approximately 575 federally insured credit unions are required to have written policies for lending-related employee incentive pay plans. 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: Organization and Operations of Federal Credit Unions (12 CFR part 701), (previously titled Overdraft and Lending-Related Employee Incentive Pay Plan Policies). OMB Number: 3133–0139. Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: Federal credit unions wishing to advance money to members to cover account deficits without having a credit application on file must establish a written overdraft policy. Federally insured credit unions wishing PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 to pay lending-related incentives to employees must establish written policies. Respondents: Certain Federal and federally insured credit unions. Estimated No. of Respondents/ Recordkeepers: 2,300. Estimated Burden Hours per Response: 3 hours for overdraft policy and 2 hours for lending-related employee incentive pay plan policies. Frequency of Response: On occasion. Estimated Total Annual Burden Hours: 6,325 hours. Estimated Total Annual Cost: $158,125. By the National Credit Union Administration Board, on July 15, 2013. Mary Rupp, Secretary of the Board. [FR Doc. 2013–17350 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 Notice and request for comments. ACTION: The NCUA, as part of their continuing effort to reduce paperwork and respondent burden, invite the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). NCUA is soliciting comments concerning the Suspicious Activity Report (SAR). As Bank Secrecy Act (BSA) administrator, the Financial Crimes Enforcement Network (FinCEN) transitioned from a system originally designed for collecting industry specific paper forms to a modernized information technology environment centered on electronic reporting. Based on financial institution type, depository institutions, brokerdealers in securities, futures commission merchants and introducing brokers in commodities, insurance companies, mutual funds, money services businesses, and casinos currently filed reports on four separate forms. FinCEN’s objective is to have one electronically-filed dynamic and interactive BSA–SAR that will be used by all filing institutions to report suspicious activity as of April 1, 2013. There are no proposed changes to the regulatory reporting criteria for information collection. Federally SUMMARY: E:\FR\FM\19JYN1.SGM 19JYN1

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[Federal Register Volume 78, Number 139 (Friday, July 19, 2013)]
[Notices]
[Page 43234]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17350]



[[Page 43234]]

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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. NCUA has authorized federal credit unions to 
advance money to members to cover account deficits without having a 
credit application on file if the credit union has a written overdraft 
policy. 12 CFR 701.21(c)(3). NCUA has also authorized federally insured 
credit unions to offer lending-related incentive pay to employees, 
provided they establish written policies regarding such plans. 12 CFR 
701.21(c)(8).

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 
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 the collection of information for 3133-0139. 
NCUA has authorized federal credit unions to advance money to members 
to cover account deficits without having a credit application on file 
if the credit union has a written overdraft policy. 12 CFR 
701.21(c)(3). NCUA believes a written policy is necessary to ensure 
safety and soundness in the credit union industry and to protect the 
interests of credit union members where a federal credit union provides 
overdraft protection to a member without having his or her credit 
application on file. NCUA has also authorized federally insured credit 
unions to offer lending-related incentive pay to employees, provided 
they establish written policies regarding such plans. 12 CFR 
701.21(c)(8). NCUA believes those written policies are necessary to 
ensure a plan is fully considered before being adopted and for the 
examination process. NCUA examiners use the information in these 
policies to review for safety and soundness. This submission represents 
an adjustment to the recordkeeping hour and cost burden since the last 
submission. Based on information in March 2013 call reports, we 
estimate approximately 1,725 federal credit unions are required to have 
written overdraft policies and approximately 575 federally insured 
credit unions are required to have written policies for lending-related 
employee incentive pay plans.
    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: Organization and Operations of Federal Credit Unions (12 CFR 
part 701), (previously titled Overdraft and Lending-Related Employee 
Incentive Pay Plan Policies).
    OMB Number: 3133-0139.
    Form Number: None.
    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: Federal credit unions wishing to advance money to 
members to cover account deficits without having a credit application 
on file must establish a written overdraft policy. Federally insured 
credit unions wishing to pay lending-related incentives to employees 
must establish written policies.
    Respondents: Certain Federal and federally insured credit unions.
    Estimated No. of Respondents/Recordkeepers: 2,300.
    Estimated Burden Hours per Response: 3 hours for overdraft policy 
and 2 hours for lending-related employee incentive pay plan policies.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden Hours: 6,325 hours.
    Estimated Total Annual Cost: $158,125.

    By the National Credit Union Administration Board, on July 15, 
2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-17350 Filed 7-18-13; 8:45 am]
BILLING CODE 7535-01-P