Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 47425-47426 [2013-18743]
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Federal Register / Vol. 78, No. 150 / Monday, August 5, 2013 / Notices
account is opened, when a disclosed
term changes or a term account is close
to renewal, on periodic statements of
account activity, in advertisements, and
upon a member or potential member’s
request. See 12 CFR 707.4, 707.5, 707.6,
707.8. Credit unions are not required to
report compliance with the statute and
regulations to NCUA, but must retain
evidence of compliance for two years
after the disclosures are required. See 12
CFR 707.9(c).
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.
mstockstill on DSK4VPTVN1PROD with NOTICES
II. Data
Title: Truth in Savings.
OMB Number: 3133–0134.
Form Number: None.
Type of Review: Reinstatement, with
change, of a previously approved
collection.
Description: The Truth in Savings Act
(TISA) requires depository institutions
to disclose to consumers certain
information, including interest rates,
dividends, bonuses, and fees associated
with their deposit accounts and
accompanying services. Clear and
uniform disclosures of the interest rates
payable on deposit accounts and the
fees assessable against them by
depository institutions permits
consumers to make meaningful
decisions about their finances.
Under TISA, NCUA must promulgate
regulations substantially similar to those
issued by the Consumer Financial
Protection Bureau, taking into account
the nature of credit unions. See 12
U.S.C. 4311. NCUA’s regulations
governing all credit unions are found in
12 CFR Part 707.
Respondents: Credit Unions.
Estimated No. of Respondents/
Recordkeepers: 6,859.
Estimated Burden Hours per
Response: Various.
VerDate Mar<15>2010
19:07 Aug 02, 2013
Jkt 229001
Frequency of Response: Quarterly per
member.
Estimated Total Annual Burden
Hours: 43,456,180,359 hours.
Estimated Total Annual Cost:
Inestimable.
By the National Credit Union
Administration Board on July 30, 2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013–18744 Filed 8–2–13; 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 712 of the National Credit Union
Administration’s (NCUA) regulations
implements authority in the Federal
Credit Union Act relating to federal
credit union (FCU) lending or
investment activity with credit union
service organizations (CUSOs). The rule
addresses NCUA’s safety and soundness
concerns for activities conducted by
CUSOs and imposes certain
recordkeeping obligations on FCUs that
have relations with or conduct
operations through CUSOs. The rule
also imposes regulatory limits on the
ability of FCUs to recapitalize their
CUSOs in certain circumstances.
Although the CUSO rule generally only
applies to federal credit unions (FCUs),
the rule extends to all federally insured
credit unions the provisions ensuring
that credit union regulators have access
to books and records and that CUSOs
are operated as separate legal entities;
however, the rule also contains a
procedure through which state
regulators may seek an exemption from
the access to records provisions for
credit unions in their state. NCUA has
no direct regulatory authority over
CUSOs.
DATES: Comments will be accepted until
October 4, 2013.
ADDRESSES: Interested parties are
invited to submit written comments to
SUMMARY:
PO 00000
Frm 00155
Fmt 4703
Sfmt 4703
47425
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 3133–0149.
Requirements in the rule are:
(i) The credit union must obtain a
written agreement from the CUSO,
before making a loan to or investment in
the CUSO, that the CUSO will: Follow
generally accepted accounting
principles (GAAP); will prepare
financial statements at least quarterly
and obtain an annual opinion audit
from a certified public accountant; and
agree to provide access to its books and
records to the NCUA;
(ii) The credit union must obtain a
written legal opinion confirming the
CUSO is established in a legally
sufficient way to limit the credit union’s
exposure to loss of its loans or
investments in the CUSO;
(iii) Any FCU that is less than
adequately capitalized must seek NCUA
approval before recapitalizing a CUSO
that has become insolvent.
These requirements enable NCUA to
monitor an FCU’s involvement with its
CUSO for safety and soundness
purposes and help to assure that CUSOs
are properly established and maintained
in accordance with applicable state law.
The burden of this rule has decreased.
The timeframe for credit unions to
amend existing agreements with their
CUSOs is over, thus eliminating the
initial burden of the rule as approved in
2008.
The information collection
requirements now are one-time
obligations that help NCUA assure the
continued safety and soundness of the
industry. The rule also requires certain
less than adequately capitalized FCUs to
obtain NCUA’s prior approval before recapitalizing an insolvent CUSO, helping
E:\FR\FM\05AUN1.SGM
05AUN1
47426
Federal Register / Vol. 78, No. 150 / Monday, August 5, 2013 / Notices
minimize the risk of loss to the National
Credit Union Share Insurance Fund
(NCUSIF).
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: 12 CFR Part 712, Credit Union
Service Organizations (CUSOs).
OMB Number: 3133–0149.
Form Number: None.
Type of Review: Reinstatement, with
change, of a previously approved
collection.
Description: This rule helps ensure
that relationships that credit unions
have with credit union service
organizations are adequately and
properly documented.
Respondents: Federal credit unions.
Estimated No. of Respondents/
Recordkeepers: 148 (133 written
agreements plus 15 waivers).
Estimated Burden Hours per
Response: 2 hours total.
Frequency of Response: On occasion.
Estimated Total Annual Burden
Hours: 562 hours.
Estimated Total Annual Cost: 562
hours × $31.56/hr, or $17,737.
mstockstill on DSK4VPTVN1PROD with NOTICES
By the National Credit Union
Administration Board on July 30, 2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013–18743 Filed 8–2–13; 8:45 am]
BILLING CODE 7535–01–P
VerDate Mar<15>2010
19:07 Aug 02, 2013
Jkt 229001
NUCLEAR REGULATORY
COMMISSION
[Docket Nos. 52–027 and 52–028; NRC–
2008–0441]
Virgil C. Summer Nuclear Station,
Units 2 and 3; South Carolina Electric
and Gas; Change to the Containment
Structure for Additional Electrical
Penetration Assemblies
Nuclear Regulatory
Commission.
ACTION: Exemption and combined
license amendment; issuance.
AGENCY:
The U.S. Nuclear Regulatory
Commission (NRC) is granting both an
exemption to allow a departure from the
certification information of Tier 1 of the
generic design control document (DCD)
and License Amendment No. 6 to
Combined Licenses (COL), NPF–93 and
NPF–94. The COLs were issued to South
Carolina Electric and Gas (SCE&G) and
South Carolina Public Service Authority
(Santee Cooper) (the licensee), for
construction and operation of the Virgil
C. Summer Nuclear Station (VCSNS),
Units 2 and 3 located in Fairfield
County, South Carolina. The
amendment changes requested adding
four electrical penetration assemblies to
the containment vessel and shield
building in order to support the current
electrical loads required within
containment. This request includes
changes to Tier 1 information located in
Tables 2.2.1–1 and 2.2.3–6 as well as
Figure 2.2.1–1 of the Updated Final
Safety Analysis Report (UFSAR), as well
as the corresponding information in
Appendix C of the COL. The granting of
the exemption allows the Tier 1 changes
asked for in the amendment. Because
the acceptability of the exemption was
determined in part by the acceptability
of the amendment, the exemption and
amendment are being issued
concurrently.
SUMMARY:
Please refer to Docket ID
NRC–2008–0441 when contacting the
NRC about the availability of
information regarding this document.
You may access information related to
this document, which the NRC
possesses and is publicly available,
using any of the following methods:
• Federal Rulemaking Web site: Go to
https://www.regulations.gov and search
for Docket ID NRC–2008–0441. Address
questions about NRC dockets to Carol
Gallagher; telephone: 301–287–3422;
email: Carol.Gallagher@nrc.gov. For
technical questions, contact the
individual listed in the FOR FURTHER
INFORMATION CONTACT section of this
document.
ADDRESSES:
PO 00000
Frm 00156
Fmt 4703
Sfmt 4703
• NRC’s Agencywide Documents
Access and Management System
(ADAMS): You may access publicly
available documents online in the NRC
Library at https://www.nrc.gov/readingrm/adams.html. To begin the search,
select ‘‘ADAMS Public Documents’’ and
then select ‘‘Begin Web-based ADAMS
Search.’’ For problems with ADAMS,
please contact the NRC’s Public
Document Room (PDR) reference staff at
1–800–397–4209, 301–415–4737, or by
email to pdr.resource@nrc.gov. The
ADAMS accession number for each
document referenced in this document
(if that document is available in
ADAMS) is provided the first time that
a document is referenced. The request
for the amendment and exemption were
submitted by letter dated August 29,
2012 (ADAMS Accession No.
ML12244A011). The licensee
supplemented this request on February
11, 2013 (ADAMS Accession No.
ML13044A358).
• NRC’s PDR: You may examine and
purchase copies of public documents at
the NRC’s PDR, Room O1–F21, One
White Flint North, 11555 Rockville
Pike, Rockville, Maryland 20852.
FOR FURTHER INFORMATION CONTACT:
Denise McGovern, Office of New
Reactors, U.S. Nuclear Regulatory
Commission, Washington, DC 20555–
0001; telephone: 301–415–0681; email:
Denise.McGovern@nrc.gov.
SUPPLEMENTARY INFORMATION:
I. Introduction
The NRC is granting an exemption
from Paragraph B of Section III, ‘‘Scope
and Contents,’’ of Appendix D, ‘‘Design
Certification Rule for the AP1000,’’ to
Part 52 of Title 10 of the Code of Federal
Regulations (10 CFR) and issuing
License Amendment No. 6 to COLs,
NPF–93 and NPF–94, to the licensee.
The exemption is required by Paragraph
A.4 of Section VIII, ‘‘Processes for
Changes and Departures,’’ Appendix D
to 10 CFR Part 52 to allow the licensee
to depart from Tier 1 information. With
the requested amendment, the licensee
sought to add additional electrical
penetration assemblies to containment
and the shield building. As part of this
request, the licensee needed to change
Tier 1 information located in Tables
2.2.1–1 and 2.2.3–6 as well as Figure
2.2.1–1 of the UFSAR. These changes
were necessary in order to support the
electrical loads within containment. No
additional loads or modifications to
existing loads are required as part of this
request.
Part of the justification for granting
the exemption was provided by the
review of the amendment. Because the
E:\FR\FM\05AUN1.SGM
05AUN1
]]>Agencies
[Federal Register Volume 78, Number 150 (Monday, August 5, 2013)]
[Notices]
[Pages 47425-47426]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-18743]
-----------------------------------------------------------------------
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 712 of the National Credit Union
Administration's (NCUA) regulations implements authority in the Federal
Credit Union Act relating to federal credit union (FCU) lending or
investment activity with credit union service organizations (CUSOs).
The rule addresses NCUA's safety and soundness concerns for activities
conducted by CUSOs and imposes certain recordkeeping obligations on
FCUs that have relations with or conduct operations through CUSOs. The
rule also imposes regulatory limits on the ability of FCUs to
recapitalize their CUSOs in certain circumstances. Although the CUSO
rule generally only applies to federal credit unions (FCUs), the rule
extends to all federally insured credit unions the provisions ensuring
that credit union regulators have access to books and records and that
CUSOs are operated as separate legal entities; however, the rule also
contains a procedure through which state regulators may seek an
exemption from the access to records provisions for credit unions in
their state. NCUA has no direct regulatory authority over CUSOs.
DATES: Comments will be accepted until October 4, 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 3133-0149.
Requirements in the rule are:
(i) The credit union must obtain a written agreement from the CUSO,
before making a loan to or investment in the CUSO, that the CUSO will:
Follow generally accepted accounting principles (GAAP); will prepare
financial statements at least quarterly and obtain an annual opinion
audit from a certified public accountant; and agree to provide access
to its books and records to the NCUA;
(ii) The credit union must obtain a written legal opinion
confirming the CUSO is established in a legally sufficient way to limit
the credit union's exposure to loss of its loans or investments in the
CUSO;
(iii) Any FCU that is less than adequately capitalized must seek
NCUA approval before recapitalizing a CUSO that has become insolvent.
These requirements enable NCUA to monitor an FCU's involvement with
its CUSO for safety and soundness purposes and help to assure that
CUSOs are properly established and maintained in accordance with
applicable state law.
The burden of this rule has decreased. The timeframe for credit
unions to amend existing agreements with their CUSOs is over, thus
eliminating the initial burden of the rule as approved in 2008.
The information collection requirements now are one-time
obligations that help NCUA assure the continued safety and soundness of
the industry. The rule also requires certain less than adequately
capitalized FCUs to obtain NCUA's prior approval before re-capitalizing
an insolvent CUSO, helping
[[Page 47426]]
minimize the risk of loss to the National Credit Union Share Insurance
Fund (NCUSIF).
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: 12 CFR Part 712, Credit Union Service Organizations (CUSOs).
OMB Number: 3133-0149.
Form Number: None.
Type of Review: Reinstatement, with change, of a previously
approved collection.
Description: This rule helps ensure that relationships that credit
unions have with credit union service organizations are adequately and
properly documented.
Respondents: Federal credit unions.
Estimated No. of Respondents/Recordkeepers: 148 (133 written
agreements plus 15 waivers).
Estimated Burden Hours per Response: 2 hours total.
Frequency of Response: On occasion.
Estimated Total Annual Burden Hours: 562 hours.
Estimated Total Annual Cost: 562 hours x $31.56/hr, or $17,737.
By the National Credit Union Administration Board on July 30,
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-18743 Filed 8-2-13; 8:45 am]
BILLING CODE 7535-01-P
