Agency Information Collection Activities: Submission to OMB for Reinstatement, With Change, of a Previously Approved Collection; Comment Request, 54682-54683 [2013-21495]
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54682
Federal Register / Vol. 78, No. 172 / Thursday, September 5, 2013 / Notices
Alexandria, VA 22314–3428, or at (703)
518–6444.
SUPPLEMENTARY INFORMATION:
ehiers on DSK2VPTVN1PROD with NOTICES
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,
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.
VerDate Mar<15>2010
14:10 Sep 04, 2013
Jkt 229001
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 × $31.56/hr, or $23,670.
By the National Credit Union
Administration Board on August 29, 2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013–21492 Filed 9–4–13; 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 related to
the Federal Credit Union (FCU) Bylaws
and is being published to obtain
comments from the public. The bylaws
address a broad range of matters
concerning: An FCU’s organization and
governance; the FCU’s relationship to
members; and the procedures and rules
an FCU follows.
DATES: Comments will be accepted until
October 7, 2013.
ADDRESSES: Interested parties are
invited to submit written comments to
the NCUA and OMB Contacts 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
SUMMARY:
PO 00000
Frm 00066
Fmt 4703
Sfmt 4703
comments should be directed to Tracy
Crews, NCUA, 1775 Duke Street,
Alexandria, VA 22314–3428, or at (703)
518–6444. Requests for additional
information about the FCU Bylaws
should be directed to Susan Ryan,
NCUA Consumer Access Analyst, at the
same address, in the Office of Consumer
Protection, Division of Consumer
Access, (703) 518–1150, DCAMail@
NCUA.gov.
SUPPLEMENTARY INFORMATION:
I. Abstract and Request for Comments
The FCU Act requires the NCUA
Board to prepare bylaws for FCUs. 12
U.S.C. Part 1758. After consideration of
public comment, the NCUA Board
adopted the FCU Bylaws and
incorporated them into NCUA’s
regulations at 12 CFR 701.2, and
Appendix A to part 701, in 2007. Unless
a federal credit union adopted its
bylaws before November 30, 2007, it
must adopt the 2007 bylaws. FCUs use
the information they collect and
maintain pursuant to their bylaws in
their operations and to provide services
to members. NCUA uses the information
both to regulate the safety and
soundness of FCUs and protect the
National Credit Union Share Insurance
Fund.
NCUA is issuing this notice and
request for comment on the
reinstatement and amendment of the
previously approved information
collection PRA number related to the
FCU Bylaws, 3133–0052. Staff has
incorporated into this collection other
previously expired or combined
information collections also related to
the bylaws, including 3133–0057 and
3133–0081. The amount of burden
hours is decreasing as a result of
technology and the continuing trend of
annual decreases in the number of
FCUs.
NCUA staff reviewed each of the
articles of the FCU Bylaws to identify all
current information collection
requirements. As a preliminary matter,
those persons choosing to organize a
new FCU must comply with certain
information collection requirements
upon starting the FCU and first adopting
these bylaws. Over the past three years,
organizers have established an average
of approximately two new FCUs each
year. We estimate each new FCU must
spend approximately 20 hours to
initially comply with the bylaws’
information collection requirements
(ICR), for a total annual collection of 40
hours.
For current FCUs, it has been a usual
and customary business practice, since
their initial charter dates, to collect and
E:\FR\FM\05SEN1.SGM
05SEN1
Federal Register / Vol. 78, No. 172 / Thursday, September 5, 2013 / Notices
maintain any information as specified
the bylaws. NCUA staff also reviewed
each Article of the FCU Bylaws to
estimate current annual burden hours
for FCUs attached to each ICR, and we
have listed these estimates below in the
Data section.
NCUA does not believe that FCUs will
incur any additional labor costs as a
result of the bylaw requirements since
these are in accordance with the FCUs’
usual and customary business practices.
The FCU bylaws address integral parts
of an FCU’s operations as memberowned, not-for-profit financial
cooperatives. Since an FCU could not
operate as federally chartered and
insured credit union without complying
with these collections, there is no
additional labor cost burden.
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 any
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.
ehiers on DSK2VPTVN1PROD with NOTICES
II. Data
Title: Federal Credit Union (FCU)
Bylaws, 12 CFR § 701.2, and App. A to
Part 701.
OMB Number: 3133–0052.
Form Number: N/A.
Type of Review: Reinstatement, with
change.
Description: FCUs use the information
they collect and maintain pursuant to
their bylaws in their operations and to
provide services to members. NCUA
uses the information both to regulate the
safety and soundness of FCUs and
protect the National Credit Union Share
Insurance Fund.
Respondents: All FCUs and, for Art. 2,
estimated number of new FCU members
(per year).
Estimated No. of Respondents/
Recordkeepers: 4,220 FCUs and
1,461,335 new members = 1,465,555.
Frequency of Response:
Recordkeeping, Reporting and on
occasion.
VerDate Mar<15>2010
14:10 Sep 04, 2013
Jkt 229001
Estimated Total Annual Hours
Requested: 458,477.75.
Estimated Total Annual Cost: N/A.
Specifically, NCUA Staff identified
the following articles as containing ICRs
with the following number of
respondents and the estimated annual
burden in hours, as follows:
ICRs related to FCU Bylaws,
specifically for newly chartered FCUs:
Respondents/record-keepers: 2 per
year.
Estimated annual burden: 20 hours.
Total annual hours: 40 hours.
ICRs related to Bylaws for all FCUs:
Article II. Qualifications for
Membership
ICR: Membership applications.
Respondents: 1,461,335 new members
of FCUs.
Estimated Annual Burden: 15 minutes
per application.
Total Annual Hours: 365,334.
ICR: Membership denial.
Respondents/record-keepers: 1055 [1⁄4
of all FCUs deny one member per year].
Estimated Annual Burden: 15 minutes
per denial.
Total Annual Hours: 263.75.
Article IV. Meetings of Members
ICR: Notices related to member
meetings.
Respondents/record-keepers: All
FCUs (4,220).
Estimated Annual Burden: 1 hour.
Total Annual Hours: 4,220.
Article V. Elections
ICR: Collecting and maintaining
information for FCU elections.
Respondents/record-keepers: All
FCUs (4,220).
Estimated Annual Burden: 8 hours.
Total Annual Hours: 33,760.
*Please note Article V, section 6,
contains an ICR on the report of
officials.
This ICR is addressed in another
NCUA PRA submission, 3133–0004.
Article VI. Board of Directors
ICR: Board meeting notices.
Respondents/record-keepers: All
FCUs (4,220).
Estimated Annual Burden: 1 hour.
Total Annual Hours: 4,220.
Article XVI. General
ICR: FCU recordkeeping specified in
sections 5 and 6. This includes, for
example, the time that it takes each FCU
time to prepare and maintain the
minutes of its board meetings, annual
meeting, and committees meetings.
NCUA’s estimate also includes retention
of the FCU’s certificate of incorporation,
bylaws, and any records of bylaw
amendments, which occur infrequently.
PO 00000
Frm 00067
Fmt 4703
Sfmt 4703
54683
Respondents/record-keepers: All
FCUs (4,220).
Estimated Annual Burden: 12 hours
(1 hour per month).
Total Annual Hours: 50,640.
By the National Credit Union
Administration Board on August 29, 2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013–21495 Filed 9–4–13; 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.
Section 701.36 of the NCUA Rules and
Regulations regulates ownership of
fixed assets by federal credit unions.
This rule ensures that federal credit
unions do not undertake undue risk
related to fixed assets. Specifically,
section 701.36 limits the aggregate
amount of fixed assets, defines the
duration for which property can be held
before it must be occupied or disposed
and, defines prohibited transactions.
This information collection enables
NCUA to evaluate waiver requests of
these limitations.
DATES: Comments will be accepted until
October 7, 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
SUMMARY:
E:\FR\FM\05SEN1.SGM
05SEN1
]]>Agencies
[Federal Register Volume 78, Number 172 (Thursday, September 5, 2013)]
[Notices]
[Pages 54682-54683]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-21495]
-----------------------------------------------------------------------
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 related to the
Federal Credit Union (FCU) Bylaws and is being published to obtain
comments from the public. The bylaws address a broad range of matters
concerning: An FCU's organization and governance; the FCU's
relationship to members; and the procedures and rules an FCU follows.
DATES: Comments will be accepted until October 7, 2013.
ADDRESSES: Interested parties are invited to submit written comments to
the NCUA and OMB Contacts 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, NCUA, 1775 Duke Street,
Alexandria, VA 22314-3428, or at (703) 518-6444. Requests for
additional information about the FCU Bylaws should be directed to Susan
Ryan, NCUA Consumer Access Analyst, at the same address, in the Office
of Consumer Protection, Division of Consumer Access, (703) 518-1150,
DCAMail@NCUA.gov.
SUPPLEMENTARY INFORMATION:
I. Abstract and Request for Comments
The FCU Act requires the NCUA Board to prepare bylaws for FCUs. 12
U.S.C. Part 1758. After consideration of public comment, the NCUA Board
adopted the FCU Bylaws and incorporated them into NCUA's regulations at
12 CFR 701.2, and Appendix A to part 701, in 2007. Unless a federal
credit union adopted its bylaws before November 30, 2007, it must adopt
the 2007 bylaws. FCUs use the information they collect and maintain
pursuant to their bylaws in their operations and to provide services to
members. NCUA uses the information both to regulate the safety and
soundness of FCUs and protect the National Credit Union Share Insurance
Fund.
NCUA is issuing this notice and request for comment on the
reinstatement and amendment of the previously approved information
collection PRA number related to the FCU Bylaws, 3133-0052. Staff has
incorporated into this collection other previously expired or combined
information collections also related to the bylaws, including 3133-0057
and 3133-0081. The amount of burden hours is decreasing as a result of
technology and the continuing trend of annual decreases in the number
of FCUs.
NCUA staff reviewed each of the articles of the FCU Bylaws to
identify all current information collection requirements. As a
preliminary matter, those persons choosing to organize a new FCU must
comply with certain information collection requirements upon starting
the FCU and first adopting these bylaws. Over the past three years,
organizers have established an average of approximately two new FCUs
each year. We estimate each new FCU must spend approximately 20 hours
to initially comply with the bylaws' information collection
requirements (ICR), for a total annual collection of 40 hours.
For current FCUs, it has been a usual and customary business
practice, since their initial charter dates, to collect and
[[Page 54683]]
maintain any information as specified the bylaws. NCUA staff also
reviewed each Article of the FCU Bylaws to estimate current annual
burden hours for FCUs attached to each ICR, and we have listed these
estimates below in the Data section.
NCUA does not believe that FCUs will incur any additional labor
costs as a result of the bylaw requirements since these are in
accordance with the FCUs' usual and customary business practices. The
FCU bylaws address integral parts of an FCU's operations as member-
owned, not-for-profit financial cooperatives. Since an FCU could not
operate as federally chartered and insured credit union without
complying with these collections, there is no additional labor cost
burden.
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 any 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: Federal Credit Union (FCU) Bylaws, 12 CFR Sec. 701.2, and
App. A to Part 701.
OMB Number: 3133-0052.
Form Number: N/A.
Type of Review: Reinstatement, with change.
Description: FCUs use the information they collect and maintain
pursuant to their bylaws in their operations and to provide services to
members. NCUA uses the information both to regulate the safety and
soundness of FCUs and protect the National Credit Union Share Insurance
Fund.
Respondents: All FCUs and, for Art. 2, estimated number of new FCU
members (per year).
Estimated No. of Respondents/Recordkeepers: 4,220 FCUs and
1,461,335 new members = 1,465,555.
Frequency of Response: Recordkeeping, Reporting and on occasion.
Estimated Total Annual Hours Requested: 458,477.75.
Estimated Total Annual Cost: N/A.
Specifically, NCUA Staff identified the following articles as
containing ICRs with the following number of respondents and the
estimated annual burden in hours, as follows:
ICRs related to FCU Bylaws, specifically for newly chartered FCUs:
Respondents/record-keepers: 2 per year.
Estimated annual burden: 20 hours.
Total annual hours: 40 hours.
ICRs related to Bylaws for all FCUs:
Article II. Qualifications for Membership
ICR: Membership applications.
Respondents: 1,461,335 new members of FCUs.
Estimated Annual Burden: 15 minutes per application.
Total Annual Hours: 365,334.
ICR: Membership denial.
Respondents/record-keepers: 1055 [\1/4\ of all FCUs deny one member
per year].
Estimated Annual Burden: 15 minutes per denial.
Total Annual Hours: 263.75.
Article IV. Meetings of Members
ICR: Notices related to member meetings.
Respondents/record-keepers: All FCUs (4,220).
Estimated Annual Burden: 1 hour.
Total Annual Hours: 4,220.
Article V. Elections
ICR: Collecting and maintaining information for FCU elections.
Respondents/record-keepers: All FCUs (4,220).
Estimated Annual Burden: 8 hours.
Total Annual Hours: 33,760.
*Please note Article V, section 6, contains an ICR on the report of
officials.
This ICR is addressed in another NCUA PRA submission, 3133-0004.
Article VI. Board of Directors
ICR: Board meeting notices.
Respondents/record-keepers: All FCUs (4,220).
Estimated Annual Burden: 1 hour.
Total Annual Hours: 4,220.
Article XVI. General
ICR: FCU recordkeeping specified in sections 5 and 6. This
includes, for example, the time that it takes each FCU time to prepare
and maintain the minutes of its board meetings, annual meeting, and
committees meetings. NCUA's estimate also includes retention of the
FCU's certificate of incorporation, bylaws, and any records of bylaw
amendments, which occur infrequently.
Respondents/record-keepers: All FCUs (4,220).
Estimated Annual Burden: 12 hours (1 hour per month).
Total Annual Hours: 50,640.
By the National Credit Union Administration Board on August 29,
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-21495 Filed 9-4-13; 8:45 am]
BILLING CODE 7535-01-P
