Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, of a Previously Approved Collection; Comment Request, 45572-45573 [2013-18088]
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Federal Register / Vol. 78, No. 145 / Monday, July 29, 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.
Section 721.1(h) of the NCUA Rules and
Regulations regulates purchases by
federally insured credit unions of
indirect vehicle loans serviced by thirdparties. 721.1(h) limits the aggregate
amount of these loans serviced by any
single third-party to a percentage of the
credit union’s net worth. This rule
ensures that federally insured credit
unions do not undertake undue risk
with these purchases. This data
collection enables NCUA to evaluate
waiver requests of these limits.
DATES: Comments must be received on
or before September 27, 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:
mstockstill on DSK4VPTVN1PROD with NOTICES
SUMMARY:
I. Abstract and request for comments
NCUA is reinstating, with change, the
collection for 3133–0171. NCUA Rules
and Regulations § 701.21(h) establishes
limits at federally-insured credit unions
on the purchase of interests in indirect
vehicle loans serviced by any particular
third-party servicer. These indirect,
VerDate Mar<15>2010
18:00 Jul 26, 2013
Jkt 229001
outsourced programs create numerous
risks to the credit union, and the rule
ensures that these risks will not lead to
significant negative impacts on the
credit union’s net worth and losses to
the National Credit Union Share
Insurance Fund. The rule allows a credit
union to apply for a waiver of the limits,
but to obtain a waiver the credit union
must demonstrate to the NCUA that it
understands the risks and has taken
appropriate measures to monitor and
protect itself against the risks. Because
the waiver requests consist primarily of
qualitative data, the NCUA call report
system cannot be used for this
collection.
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: Third Party Servicing of Indirect
Vehicle Loans, 12 CFR § 701.21(h)
OMB Number: 3133–0171.
Form Number: None.
Type of Review: Reinstatement, with
change, of a previously approved
collection.
Description: The rule limits the
aggregate amount of indirect vehicle
loans that federally insured credit
unions loans may have serviced by any
single third-party to a percentage of the
credit union’s net worth. Credit unions
may apply for a waiver to this rule,
which is the purpose of this data
collection.
Respondents: Federally insured credit
unions.
Estimated No. of Respondents/
Recordkeepers: 15.
Estimated Burden Hours Per
Response: 50 hours.
Frequency of Response: Upon waiver
request.
Estimated Total Annual Burden
Hours: 750 hours.
Estimated Total Annual Cost: 750
hours x $31.56/hr, or $23,670.
PO 00000
Frm 00079
Fmt 4703
Sfmt 4703
By the National Credit Union
Administration Board on July 23, 2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013–18087 Filed 7–26–13; 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).
AGENCY:
ACTION:
Request for comment.
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. On
March 22, 2010, the Office of the
Comptroller of the Currency, Board of
Governors of the Federal Reserve
System, Federal Deposit Insurance
Corporation, and National Credit Union
Administration (the agencies) published
in the Federal Register a joint final
notice (75 FR 13656) implementing the
guidance effective on May 21, 2010. The
Guidance reiterates the process that
institutions should follow to
appropriately identify, measure,
monitor, and control their funding and
liquidity risk. In particular, the
Guidance re-emphasizes the importance
of cash flow projections, diversified
funding sources, stress testing, a
cushion of liquid assets, and a formal
well-developed contingency funding
plan (CFP) as primary tools for
measuring and managing liquidity risk.
The agencies expect all financial
institutions 1 to manage liquidity risk
using processes and systems that are
commensurate with the institution’s
complexity, risk profile, and scope of
operations. Liquidity risk management
processes and plans should be well
documented and available for
supervisory review. Failure to maintain
an adequate liquidity risk management
process is considered an unsafe and
unsound practice.
SUMMARY:
1 This interagency guidance uses the term
‘‘financial institutions’’ or ‘‘institutions’’ to include
banks, saving associations, credit unions, affiliated
holding companies, state and federally chartered
U.S. branches and agencies of foreign banks, and
Edge and agreement corporations.
E:\FR\FM\29JYN1.SGM
29JYN1
Federal Register / Vol. 78, No. 145 / Monday, July 29, 2013 / Notices
Comments will be accepted until
September 27, 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:
DATES:
mstockstill on DSK4VPTVN1PROD with NOTICES
I. Abstract and Request for Comments
NCUA is amending/reinstating the
collection for 3133–0180. The agencies
have identified two sections of the
Guidance that fall under the definition
of an information collection. Section 14
states that institutions should consider
liquidity costs, benefits, and risks in
strategic planning and budgeting
processes. Section 20 requires that
liquidity risk reports provide aggregate
information with sufficient supporting
detail to enable management to assess
the sensitivity of the institution to
changes in market conditions, its own
financial performance, and other
important risk factors.
Section 14 of the Guidance states that
institutions should consider liquidity
costs, benefits, and risks in strategic
planning and budgeting processes.
Significant business activities should be
evaluated for liquidity risk exposure as
well as profitability. More complex and
sophisticated institutions should
incorporate liquidity costs, benefits, and
risks in the internal product pricing,
performance measurement, and new
product approval process for all
material business lines, products and
activities. Incorporating the cost of
liquidity into these functions should
align the risk-taking incentives of
individual business lines with the
liquidity risk exposure their activities
create for the institution as a whole. The
quantification and attribution of
liquidity risks should be explicit and
transparent at the line management
level and should include consideration
VerDate Mar<15>2010
18:00 Jul 26, 2013
Jkt 229001
of how liquidity would be affected
under stressed conditions.
Section 20 of the Guidance would
require that liquidity risk reports
provide aggregate information with
sufficient supporting detail to enable
management to assess the sensitivity of
the institution to changes in market
conditions, its own financial
performance, and other important risk
factors. Institutions should also report
on the use of and availability of
government support, such as lending
and guarantee programs, and
implications on liquidity positions,
particularly since these programs are
generally temporary or reserved as a
source for contingent funding.
The documentation required by the
Guidance is maintained by each
institution; therefore, it is not collected
or published by the National Credit
Union Administration. These
recordkeeping requirements are
documented on occasion. Credit union
examiners verify compliance with this
recordkeeping requirement during
examinations. The recordkeeping
information gathered during the
examination process informs examiners
about the safety and soundness of the
financial institution’s funding and
liquidity risk management practices.
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: Interagency Policy Statement on
Funding and Liquidity Risk
Management.
OMB Number: 3133–0180.
Form Number: None.
Type of Review: Reinstatement,
without change, of a previously
approved collection.
Description: The agencies have
identified two sections of the policy
statement that fall under the definition
of an information collection. Section 14
PO 00000
Frm 00080
Fmt 4703
Sfmt 4703
45573
states that institutions should consider
liquidity costs, benefits, and risks in
strategic planning and budgeting
processes. Section 20 requires that
liquidity risk reports provide aggregate
information with sufficient supporting
detail to enable management to assess
the sensitivity of the institution to
changes in market conditions, its own
financial performance, and other
important risk factors.
Respondents: Federally Insured Credit
Unions.
Estimated No. of Respondents/Record
keepers: 6,753 total (4 large credit
unions ($10 to $100 billion in assets),
769 mid-sized institutions ($250 million
to $10 billion), and 5,980 (less than
$250 billion)).
Estimated Burden Hours per
Response:
• Section 14: 240 hours per large
respondent, 80 hours per mid-size
respondent, and 20 hours per small
respondent.
• Section 20: 2 hours per month.
Estimated Total Annual Burden
Hours: 344,152 hours.
Estimated Total Annual Cost: Not
applicable—usual and customary
business
By the National Credit Union
Administration Board on July 23, 2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013–18088 Filed 7–26–13; 8:45 am]
BILLING CODE 7535–01–P
NUCLEAR REGULATORY
COMMISSION
[NRC–2013–0103]
Compensatory and Alternative
Regulatory Measures for Nuclear
Power Plant Fire Protection (CARMEN–
FIRE)
Nuclear Regulatory
Commission.
ACTION: Notice of availability; request
for public comment.
AGENCY:
The U.S. Nuclear Regulatory
Commission (NRC) requests public
comment on the proposed draft NUREG/
CR–7135, ‘‘Compensatory and
Alternative Regulatory Measures for
Nuclear Power Plant Fire Protection
(CARMEN–FIRE), Draft Report for
Comment.’’
DATES: Comments on this document
should be submitted by August 30,
2013. Comments received after this date
will be considered if it is practical to do
so, but the NRC staff is able to ensure
consideration only for comments
received on or before this date. To
SUMMARY:
E:\FR\FM\29JYN1.SGM
29JYN1
]]>Agencies
[Federal Register Volume 78, Number 145 (Monday, July 29, 2013)]
[Notices]
[Pages 45572-45573]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-18088]
-----------------------------------------------------------------------
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. On March 22, 2010, the Office of the
Comptroller of the Currency, Board of Governors of the Federal Reserve
System, Federal Deposit Insurance Corporation, and National Credit
Union Administration (the agencies) published in the Federal Register a
joint final notice (75 FR 13656) implementing the guidance effective on
May 21, 2010. The Guidance reiterates the process that institutions
should follow to appropriately identify, measure, monitor, and control
their funding and liquidity risk. In particular, the Guidance re-
emphasizes the importance of cash flow projections, diversified funding
sources, stress testing, a cushion of liquid assets, and a formal well-
developed contingency funding plan (CFP) as primary tools for measuring
and managing liquidity risk. The agencies expect all financial
institutions \1\ to manage liquidity risk using processes and systems
that are commensurate with the institution's complexity, risk profile,
and scope of operations. Liquidity risk management processes and plans
should be well documented and available for supervisory review. Failure
to maintain an adequate liquidity risk management process is considered
an unsafe and unsound practice.
---------------------------------------------------------------------------
\1\ This interagency guidance uses the term ``financial
institutions'' or ``institutions'' to include banks, saving
associations, credit unions, affiliated holding companies, state and
federally chartered U.S. branches and agencies of foreign banks, and
Edge and agreement corporations.
---------------------------------------------------------------------------
[[Page 45573]]
---------------------------------------------------------------------------
DATES: Comments will be accepted until September 27, 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 amending/reinstating the collection for 3133-0180. The
agencies have identified two sections of the Guidance that fall under
the definition of an information collection. Section 14 states that
institutions should consider liquidity costs, benefits, and risks in
strategic planning and budgeting processes. Section 20 requires that
liquidity risk reports provide aggregate information with sufficient
supporting detail to enable management to assess the sensitivity of the
institution to changes in market conditions, its own financial
performance, and other important risk factors.
Section 14 of the Guidance states that institutions should consider
liquidity costs, benefits, and risks in strategic planning and
budgeting processes. Significant business activities should be
evaluated for liquidity risk exposure as well as profitability. More
complex and sophisticated institutions should incorporate liquidity
costs, benefits, and risks in the internal product pricing, performance
measurement, and new product approval process for all material business
lines, products and activities. Incorporating the cost of liquidity
into these functions should align the risk-taking incentives of
individual business lines with the liquidity risk exposure their
activities create for the institution as a whole. The quantification
and attribution of liquidity risks should be explicit and transparent
at the line management level and should include consideration of how
liquidity would be affected under stressed conditions.
Section 20 of the Guidance would require that liquidity risk
reports provide aggregate information with sufficient supporting detail
to enable management to assess the sensitivity of the institution to
changes in market conditions, its own financial performance, and other
important risk factors. Institutions should also report on the use of
and availability of government support, such as lending and guarantee
programs, and implications on liquidity positions, particularly since
these programs are generally temporary or reserved as a source for
contingent funding.
The documentation required by the Guidance is maintained by each
institution; therefore, it is not collected or published by the
National Credit Union Administration. These recordkeeping requirements
are documented on occasion. Credit union examiners verify compliance
with this recordkeeping requirement during examinations. The
recordkeeping information gathered during the examination process
informs examiners about the safety and soundness of the financial
institution's funding and liquidity risk management practices.
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: Interagency Policy Statement on Funding and Liquidity Risk
Management.
OMB Number: 3133-0180.
Form Number: None.
Type of Review: Reinstatement, without change, of a previously
approved collection.
Description: The agencies have identified two sections of the
policy statement that fall under the definition of an information
collection. Section 14 states that institutions should consider
liquidity costs, benefits, and risks in strategic planning and
budgeting processes. Section 20 requires that liquidity risk reports
provide aggregate information with sufficient supporting detail to
enable management to assess the sensitivity of the institution to
changes in market conditions, its own financial performance, and other
important risk factors.
Respondents: Federally Insured Credit Unions.
Estimated No. of Respondents/Record keepers: 6,753 total (4 large
credit unions ($10 to $100 billion in assets), 769 mid-sized
institutions ($250 million to $10 billion), and 5,980 (less than $250
billion)).
Estimated Burden Hours per Response:
Section 14: 240 hours per large respondent, 80 hours per
mid-size respondent, and 20 hours per small respondent.
Section 20: 2 hours per month.
Estimated Total Annual Burden Hours: 344,152 hours.
Estimated Total Annual Cost: Not applicable--usual and customary
business
By the National Credit Union Administration Board on July 23,
2013.
Mary Rupp,
Secretary of the Board.
[FR Doc. 2013-18088 Filed 7-26-13; 8:45 am]
BILLING CODE 7535-01-P
