Agency Information Collection Activities: Submission to OMB for Reinstatement, Without Change, of a Previously Approved Collection; Comment Request, 53168-53169 [2013-20933]

Download as PDF 53168 Federal Register / Vol. 78, No. 167 / Wednesday, August 28, 2013 / Notices Type of Review: Reinstatement, without change, of a previously approved collection. Description: Section 741.11 contains a provision that any insured credit union must apply for and receive approval from the NCUA Regional Director before establishing a credit union branch outside the United States unless the foreign branch is located on a United States military institution or embassy outside the United States. The application must include (1) A business plan, (2) written approval by the state supervisory agency if the applicant is a state-chartered credit union, and (3) documentation evidencing written permission from the host country to establish the branch that explicitly recognizes NCUA’s authority to examine and take any enforcement actions, to include conservatorship and liquidation actions. Estimated No. of Respondents/ Recordkeepers: 3. Estimated Burden Hours per Response: 16 hours. Frequency of Response: Reporting and other (one time only). Estimated Total Annual Burden Hours: 48. Estimated Total Annual Cost: $1,488. By the National Credit Union Administration Board on August 22, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–20936 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 of a Previously Approved Information 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. 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 wreier-aviles on DSK5TPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 15:21 Aug 27, 2013 Jkt 229001 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 for 3133–0108. Section 748.2 of NCUA’s regulations, 12 CFR 748.2, directs credit unions to adopt a written program and to maintain procedures that ensure the credit union’s continued compliance with the Bank Secrecy Act (BSA) (31 U.S.C. 5311–5330) and Department of Treasury’s reporting and recordkeeping regulations (31 CFR part 1000). NCUA examiners review the programs to determine whether the credit union’s procedures comply with the Bank Secrecy Act requirements. The requirement that credit unions establish written BSA compliance procedures is a one-time event, but revisions to those procedures must occur as deemed necessary. NCUA examiners review the written procedures during examinations in order to ensure the implementation of adequate systems for complying with the BSA and its implementing regulations. 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. PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 II. Data Proposal for the following collection of information: OMB Number: 3133–0108. Form Number: None. Type of Review: Reinstatement of a previously approved collection. Title: Monitoring Bank Secrecy Act Compliance. Description: The collection is needed to allow NCUA to determine whether credit unions have established a program reasonably designed to assure and monitor their compliance with currency recordkeeping and reporting requirements established by Federal statute and Department of Treasury Regulations. Respondents: Federally Insured Credit Unions. Estimated Number of Respondents/ Recordkeepers: 6,753. Estimated Burden Hours per Response: 16 hours. Frequency of Response: Annually. Estimated Total Annual Burden Hours: 108,048. Estimated Total Annual Cost: 0. By the National Credit Union Administration Board on August 22, 2013. Gerard Poliquin, Secretary of the Board. [FR Doc. 2013–20948 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, Without 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 relates to NCUA rules and regulations, which require a federal credit union (FCU) to monitor its eligibility to qualify for a higher fidelity coverage deductible and to notify the NCUA if its financial condition changes resulting in the loss of that eligibility for the higher deductible. This information collection notice is published to obtain comments from the public. This requirement enables NCUA to monitor the FCU’s financial condition for safety and soundness purposes and helps to assure that FCUs are properly and adequately SUMMARY: E:\FR\FM\28AUN1.SGM 28AUN1 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

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[Federal Register Volume 78, Number 167 (Wednesday, August 28, 2013)]
[Notices]
[Pages 53168-53169]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-20933]


-----------------------------------------------------------------------

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. This information 
collection relates to NCUA rules and regulations, which require a 
federal credit union (FCU) to monitor its eligibility to qualify for a 
higher fidelity coverage deductible and to notify the NCUA if its 
financial condition changes resulting in the loss of that eligibility 
for the higher deductible. This information collection notice is 
published to obtain comments from the public. This requirement enables 
NCUA to monitor the FCU's financial condition for safety and soundness 
purposes and helps to assure that FCUs are properly and adequately

[[Page 53169]]

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 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
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