Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, of a Previously Approved Collection; Comment Request, 45572-45573 [2013-18088]

Download as PDF 45572 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