Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 53170-53171 [2013-20941]
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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
Federal Register / Vol. 78, No. 167 / Wednesday, August 28, 2013 / Notices
to pay lending-related incentives to
employees must establish written
policies.
Respondents: Certain Federal and
federally insured credit unions.
Estimated No. of Respondents/
Recordkeepers: 2,300.
Estimated Burden Hours per
Response: 3 hours for overdraft policy
and 2 hours for lending-related
employee incentive pay plan policies.
Frequency of Response: On occasion.
Estimated Total Annual Burden
Hours: 6,325 hours.
Estimated Total Annual Cost:
$158,125.
By the National Credit Union
Administration Board on August 22, 2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013–20941 Filed 8–27–13; 8:45 am]
BILLING CODE 7535–01–P
SUPPLEMENTARY INFORMATION:
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 collection is related to the
requirement that each federal credit
union (FCU) must establish reasonable
policies and procedures for
implementing the red flag guidelines to
identify possible risks to FCU members
or to an FCU’s safety and soundness.
Each FCU also must develop an Identity
Theft Prevention Program, provide staff
training, and report to its board of
directors, a board committee, or senior
management, at least annually. Due to
the transferring of agency
responsibilities under the Dodd-Frank
Wall Street Reform and Consumer
Protection Act, (Dodd-Frank Act), this
notice and collection have been
modified since the 60-day notice to
reflect the current regulatory landscape.
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:
wreier-aviles on DSK5TPTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
15:21 Aug 27, 2013
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.
E&I Contact: Program Officer Judy
Graham eimail@ncua.gov, 703–518–
6360.
Jkt 229001
I. Abstract and Request for Comments
NCUA is reinstating and amending
the collection for 3133–0175. This
collection of information is required by
Sections 114 of the Fair and Accurate
Credit Transactions Act (FACT Act),
Public Law 108–159, amending the Fair
Credit Reporting Act, 15 U.S.C. 1681–
1681x. NCUA is renewing its collection,
and also updating the collection to
reflect that a portion of the FACT Act
authority has been transferred to the
Bureau of Consumer Financial
Protection (CFPB) pursuant to Title X of
the Dodd-Frank Act, Public Law 111–
203, 124 Stat. 1955, and republished as
CFPB regulations at 76 FR 79308, Dec.
21, 2011. The burden estimates for this
portion of the collection have been
revised to remove the burden
attributable to the four federally insured
credit unions with over $10 billion in
total assets, now carried by CFPB
pursuant to section 1025 of the DoddFrank Act. As required by Section 114
of the FACT Act, Appendix J to 12 CFR
part 717 contains red flag guidelines for
FCUs to use in identifying patterns,
practices, and specific forms of activity
that indicate the possible existence of
identity theft. In addition, 12 CFR
717.90 requires each FCU to establish
reasonable policies and procedures to
address the risk of identity theft that
incorporate the guidelines. Pursuant to
Section 717.91, credit card and debit
card issuers must implement reasonable
policies and procedures to assess the
validity of a request for a change of
address under certain circumstances.
Section 717.90 requires each NCUA
regulated FCUs that offers or maintains
one or more covered accounts to
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
53171
develop and implement a written
Identity Theft Prevention Program
(Program). In developing the Program,
financial institutions and creditors are
required to consider the guidelines in
Appendix J to part 717 and include
those that are appropriate. The initial
Program must be approved by the board
of directors or an appropriate committee
thereof. The board, an appropriate
committee thereof, or a designated
employee at the level of senior
management must be involved in the
oversight of the Program. In addition,
staff members must be trained to carry
out the Program. Pursuant to Section
717.91, each credit and debit card issuer
is required to establish and implement
policies and procedures to assess the
validity of a change of address request
under certain circumstances. Before
issuing an additional or replacement
card, the card issuer must notify the
cardholder or use another means to
assess the validity of the change of
address.
Burden estimate: The hourly burden
increased despite a decline in
respondents due to an increase in the
estimated processing times. NCUA
estimates 4,206 respondents (FCUs with
assets of $10 million or less). Each FCU
requires 111 hours annually for a total
of 466,866 hours annually.
Included in the NCUA estimates of
the 4,206 annual respondents annually,
two are new FCUs requiring a one-time
additional 250 hours for program
development. Therefore, the new FCUs
incur an additional 500 hours annually.
Hence, NCUA’s estimated total annual
burden is 467,366 hours, based upon the
111 hours for the annual program and
additional 250 hours for new FCU
program development.
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 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.
E:\FR\FM\28AUN1.SGM
28AUN1
]]>Agencies
[Federal Register Volume 78, Number 167 (Wednesday, August 28, 2013)]
[Notices]
[Pages 53170-53171]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-20941]
-----------------------------------------------------------------------
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. 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 lending-related 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:
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 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
[[Page 53171]]
to pay lending-related incentives to employees must establish written
policies.
Respondents: Certain Federal and federally insured credit unions.
Estimated No. of Respondents/Recordkeepers: 2,300.
Estimated Burden Hours per Response: 3 hours for overdraft policy
and 2 hours for lending-related employee incentive pay plan policies.
Frequency of Response: On occasion.
Estimated Total Annual Burden Hours: 6,325 hours.
Estimated Total Annual Cost: $158,125.
By the National Credit Union Administration Board on August 22,
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-20941 Filed 8-27-13; 8:45 am]
BILLING CODE 7535-01-P
