Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 53169-53170 [2013-20931]

Download as PDF Federal Register / Vol. 78, No. 167 / Wednesday, August 28, 2013 / Notices wreier-aviles on DSK5TPTVN1PROD with NOTICES protected against potential losses due to insider abuse such as fraud and embezzlement. 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 reinstating a previously approved collection of information for 3133–0170. The regulation calls for an FCU that ceases to meet eligibility requirements for the higher deductible to obtain a policy with the required coverage and to notify the appropriate NCUA regional office of its changed status. The notice must also confirm that the FCU has obtained the required coverage. The information will be used by the regional office in its efforts to monitor credit unions for safe and sound operations and is critically important in helping to avert or minimize losses to the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF provides federally guaranteed account insurance for all federally insured credit unions. Adequate insurance coverage can avert a credit union from failing due to insolvency; alternatively, where insolvency and failure do occur, the NCUA, in its capacity as receiver for the failed FCU, can recoup some of its losses through a claim under an insurance policy. 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 VerDate Mar<15>2010 15:21 Aug 27, 2013 Jkt 229001 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 713, Fidelity Bond and Insurance Coverage for Federal Credit Unions. OMB Number: 3133–0170. Form Number: None. Type of Review: Reinstatement, without change, of a previously approved collection. Description: The regulation in 12 CFR part 713, details the requirements for FCU compliance regarding fidelity bond and insurance coverage. The regulation includes instructions for those FCUs that no longer qualify for a higher deductible. Respondents: Federal credit unions. Estimated No. of Respondents/ Recordkeepers: 5. Estimated Burden Hours per Response: 1 hour. Frequency of Response: On occasion. Estimated Total Annual Burden Hours: 5 hours. Estimated Total Annual Cost: None. By the National Credit Union Administration Board on August 22, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–20933 Filed 8–27–13; 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. This information collection is published to obtain comments from the public. The NCUA’s rules and regulations direct SUMMARY: PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 53169 each credit union to have a vital records preservation program that includes procedures for maintaining duplicate vital records at a location far enough from the credit union’s offices to avoid the simultaneous loss of both sets of records in the event of a disaster. The NCUA’s rules and regulations require a written vital records preservation program that includes a schedule for the storage and destruction of records and emergency contact information for employees, officials, regulatory offices, and vendors used to support vital records. 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 reinstating and amending the collection for 3133–0032. Credit union records preservation programs enable NCUA to ensure that federallyinsured credit unions (FICUs) can reconstruct their vital records in the event that records are destroyed by a catastrophe and facilitates restoration of vital member services. The program does not have to be submitted to the NCUA but must be available for review by examination staff. The frequency of collection will be unique to each credit union based on its operations, storage schedule, and storage methods, but occurs on a flow basis at least quarterly. NCUA has modified the cost basis for this data collection to focus on the recordkeeping labor cost of maintaining a records preservation program rather than the technology cost to store records offsite. NCUA believes that electronically backing up and storing credit union records offsite has become E:\FR\FM\28AUN1.SGM 28AUN1 53170 Federal Register / Vol. 78, No. 167 / Wednesday, August 28, 2013 / Notices a usual and customary business practice. Therefore, credit union labor costs are the appropriate recordkeeping burden associated with maintaining a records preservation program under part 749. This is the primary reason why the total annual burden has decreased, along with a decline in the number of FICUs from 8,420 to 6,753 and newly chartered FICUs from 15 to 5. 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. wreier-aviles on DSK5TPTVN1PROD with NOTICES II. Data Title: Records Preservation under 12 CFR part 749. OMB Number: 3133–0032. Form Number: None. Type of Review: Reinstatement, with change, of a previously approved collection. Description: Part 749 of NCUA Regulations directs each credit union to develop and maintain a records preservation program and maintain a log for records stored and destroyed. Respondents: All credit unions. Estimated Number of Respondents/ Recordkeepers: 6,758. This total consists of 6,753 existing FICUs as of 3/31/2013, and an anticipated 5 newly chartered FICUs in 2013. Estimated Burden Hours per Response: 2 hours for existing FICUs and 8 hours for newly chartered FICUs. Frequency of Response: Quarterly. Estimated Total Annual Burden Hours: 13,546. Estimated Total Annual Cost: $427,512. By the National Credit Union Administration Board on August 22, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–20931 Filed 8–27–13; 8:45 am] BILLING CODE 7535–01–P VerDate Mar<15>2010 15:21 Aug 27, 2013 Jkt 229001 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. 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. NCUA has also authorized federally insured credit unions to offer lendingrelated incentive pay to employees, provided they establish written policies regarding such plans. 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: 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 PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 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 E:\FR\FM\28AUN1.SGM 28AUN1

Agencies

[Federal Register Volume 78, Number 167 (Wednesday, August 28, 2013)]
[Notices]
[Pages 53169-53170]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-20931]


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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. This information 
collection is published to obtain comments from the public. The NCUA's 
rules and regulations direct each credit union to have a vital records 
preservation program that includes procedures for maintaining duplicate 
vital records at a location far enough from the credit union's offices 
to avoid the simultaneous loss of both sets of records in the event of 
a disaster. The NCUA's rules and regulations require a written vital 
records preservation program that includes a schedule for the storage 
and destruction of records and emergency contact information for 
employees, officials, regulatory offices, and vendors used to support 
vital records.

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 reinstating and amending the collection for 3133-0032. 
Credit union records preservation programs enable NCUA to ensure that 
federally-insured credit unions (FICUs) can reconstruct their vital 
records in the event that records are destroyed by a catastrophe and 
facilitates restoration of vital member services. The program does not 
have to be submitted to the NCUA but must be available for review by 
examination staff. The frequency of collection will be unique to each 
credit union based on its operations, storage schedule, and storage 
methods, but occurs on a flow basis at least quarterly. NCUA has 
modified the cost basis for this data collection to focus on the 
recordkeeping labor cost of maintaining a records preservation program 
rather than the technology cost to store records offsite. NCUA believes 
that electronically backing up and storing credit union records offsite 
has become

[[Page 53170]]

a usual and customary business practice. Therefore, credit union labor 
costs are the appropriate recordkeeping burden associated with 
maintaining a records preservation program under part 749. This is the 
primary reason why the total annual burden has decreased, along with a 
decline in the number of FICUs from 8,420 to 6,753 and newly chartered 
FICUs from 15 to 5.
    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: Records Preservation under 12 CFR part 749.
    OMB Number: 3133-0032.
    Form Number: None.
    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: Part 749 of NCUA Regulations directs each credit union 
to develop and maintain a records preservation program and maintain a 
log for records stored and destroyed.
    Respondents: All credit unions.
    Estimated Number of Respondents/Recordkeepers: 6,758. This total 
consists of 6,753 existing FICUs as of 3/31/2013, and an anticipated 5 
newly chartered FICUs in 2013.
    Estimated Burden Hours per Response: 2 hours for existing FICUs and 
8 hours for newly chartered FICUs.
    Frequency of Response: Quarterly.
    Estimated Total Annual Burden Hours: 13,546.
    Estimated Total Annual Cost: $427,512.

    By the National Credit Union Administration Board on August 22, 
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-20931 Filed 8-27-13; 8:45 am]
BILLING CODE 7535-01-P
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