Agency Information Collection Activities: Request for Comments for Reinstatement With Change of a Previously Approved Collection, Banks Conversions and Mergers, 52342-52344 [2015-21334]
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Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices
collection techniques or the use of other
forms of information technology.
Frances Teel,
NASA PRA Clearance Officer.
[FR Doc. 2015–21277 Filed 8–27–15; 8:45 am]
BILLING CODE 7510–13–P
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
Notice of Information Collection;
Notice (15–072)
National Aeronautics and
Space Administration (NASA).
ACTION: Notice of information collection.
AGENCY:
The National Aeronautics and
Space Administration, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on proposed and/or
continuing information collections, as
required by the Paperwork Reduction
Act of 1995 (Public Law 104–13, 44
U.S.C. 3506(c)(2)(A)).
DATES: All comments should be
submitted within 30 calendar days from
the date of this publication.
ADDRESSES: Interested persons are
invited to submit written comments
regarding the proposed information
collection to the Office of Information
and Regulatory Affairs, Office of
Management and Budget, 725 7th Street
NW., Washington, DC 20543. Attention:
Desk Officer for NASA.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the information collection
instrument(s) and instructions should
be directed to Frances Teel, NASA PRA
Clearance Officer, NASA Headquarters,
300 E Street SW., Mail Code JF000,
Washington, DC 20546, or
Frances.C.Teel@NASA.gov.
SUPPLEMENTARY INFORMATION:
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SUMMARY:
I. Abstract
NASA promotes activities to
demonstrate innovative uses and
practical benefits of NASA Earth science
data, scientific knowledge, and
technology. NASA’s Applied Sciences
Program established the DEVELOP
National Program to research
environmental management and public
policy issues at the state and local level.
Under the guidance of NASA and
partner organization science advisors,
DEVELOP enables participants to lead
research projects that utilize NASA
Earth observations to address
community concerns and public policy
issues. Through teams, DEVELOP
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participants gain experience by (1)
utilizing NASA’s Earth Science satellite
and airborne resources, to include
remote sensing and geographic
information systems (GIS), and (2)
communicating research results.
DEVELOP projects serve the global
community and extend NASA Earth
Science research and technology to
benefit society. A focus on both
professional and personal development
is central to DEVELOP’s ten week
sessions, which are conducted annually
during the spring, summer, and fall.
The DEVELOP research opportunity is
available to individuals 18 years and
older and includes transitioning career
professionals (including veterans of the
Armed Forces), recent college/
university graduates, and currently
enrolled students. Information is
collected through an online process
from individuals interested in
participating in the NASA DEVELOP
Program for a ten week session.
Information collected from individuals
includes a completed application,
academic transcript, resume, and two
letters of recommendation references
per applicant.
With the growing societal role of
science and technology in today’s global
workplace, DEVELOP is fostering an
adept corps of tomorrow’s scientists and
leaders.
II. Method of Collection
Electronic.
III. Data
Title: DEVELOP National Program
Application.
OMB Number: 2700–XXXX.
Type of review: Existing collection in
use without an OMB Control Number.
Affected Public: Individuals.
Estimated Number of Respondents:
2,850.
Estimated Time per Response:
Variable.
Estimated Total Annual Burden
Hours: 2,100.
Estimated Total Annual Cost to
Respondents: $37,275.
IV. Request for Comments
Comments are invited on: (1) Whether
the proposed collection of information
is necessary for the proper performance
of the functions of NASA, including
whether the information collected has
practical utility; (2) the accuracy of
NASA’s estimate of the burden
(including hours and cost) of the
proposed collection of information; (3)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (4) ways to minimize the
burden of the collection of information
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on respondents, including automated
collection techniques or the use of other
forms of information technology.
Frances Teel,
NASA PRA Clearance Officer.
[FR Doc. 2015–21279 Filed 8–27–15; 8:45 am]
BILLING CODE 7510–13–P
NATIONAL CREDIT UNION
ADMINISTRATION
Agency Information Collection
Activities: Request for Comments for
Reinstatement With Change of a
Previously Approved Collection, Banks
Conversions and Mergers
National Credit Union
Administration (NCUA).
ACTION: Request for comments.
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).
The purpose of this notice is to allow for
60 days of public comment. The
information collection relates to
NCUA’s regulation on conversions of
federally insured credit unions (FICUs)
to mutual savings banks (MSBs) and
mergers of FICUs into banks. The
regulation requires an insured credit
union that proposes to convert to an
MSB or merge into a bank to provide
notice and disclosure of the proposal to
members and NCUA and to conduct a
membership vote.
DATES: Comments will be accepted until
October 27, 2015.
ADDRESSES: Interested persons are
invited to submit written comments to
the NCUA Contact and the OMB
Reviewer listed below:
NCUA Contact: Joy Lee, National Credit
Union Administration, 1775 Duke
Street, Alexandria, Virginia 22314–
3428, Fax No. 703–837–2861, Email:
OCIOPRA@ncua.gov.
OMB Reviewer: Office of Management
and Budget, ATTN: Desk Officer for
the National Credit Union
Administration, Office of Information
and Regulatory Affairs, Washington,
DC 20503, Email: oirasubmission@
omb.eop.gov.
SUMMARY:
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:
NCUA Contact: Joy Lee, National Credit
Union Administration, 1775 Duke
Street, Alexandria, Virginia 22314–
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3428, Fax No. 703–837–2861, Email:
OCIOPRA@ncua.gov.
SUPPLEMENTARY INFORMATION:
I. Abstract and Request for Comments
NCUA is requesting reinstatement,
with change, of the previously approved
collection of information for NCUA’s
regulation on Bank Conversions and
Mergers, 12 CFR part 708a (Part 708a),
which provides the requirements for
conversions of FICUs to MSBs and
mergers of FICUs into banks. Part 708a
requires an insured credit union that
proposes to convert to an MSB or to
merge into a bank to provide notice and
disclosure of the proposal to members
and NCUA and to conduct a
membership vote. These requirements
are authorized under section 205(b)(2)
of the Federal Credit Union Act, 12
U.S.C. 1785(b)(2). They are also
necessary to ensure safety and
soundness in the credit union industry,
and to protect the interests of credit
union members in the charter
conversion and merger contexts.
Submission of this information is
designed to ensure NCUA has sufficient
information to administer the member
vote in an MSB conversion and to
approve or disapprove a proposed
merger into a bank. The information
collection allows NCUA to ensure
compliance with statutory and
regulatory requirements for conversions
and mergers. It also ensures that
members of credit unions have
sufficient and accurate information to
exercise an informed vote concerning a
proposed conversion or merger.
Subpart A of Part 708a (Subpart A)
covers the conversion of insured credit
unions to MSBs. Subpart A requires
insured credit unions that intend to
convert to MSBs to provide notice and
disclosure of their intent to convert to
their members and NCUA. It also
requires insured credit unions to
provide additional information to
NCUA at various points in the
conversion process.
Subpart C of Part 708a (Subpart C)
covers the merger of insured credit
unions into banks. Subpart C requires
insured credit unions that intend to
merge into banks (both mutual and
stock banks) to determine the merger
value of the credit union and provide
notice and disclosure of their intent to
merge to their members and NCUA. It
also requires insured credit unions to
provide additional information to
NCUA at various points in the merger
process.
The categories of burden and burden
hours for credit unions complying with
Part 708a may include the following:
Conversions to MSBs:
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In the last five years, five credit
unions have engaged in MSB conversion
transactions. NCUA estimates it takes an
average of approximately 300 hours to
comply with the notice and disclosure
requirements of Subpart A. Of the 300
hours, NCUA estimates that respondents
will spend approximately 50 hours on
recordkeeping, 42 hours on reporting,
and 208 hours on third-party disclosure.
Based on NCUA’s experience, NCUA
estimates that in the future one insured
credit union will engage in an MSB
conversion transaction in any given
year, so that the total annual collection
burden is estimated to be approximately
300 hours. The credit union is required
to:
a. Publish advance notice of intent to
convert (section 708a.103(a))—3 hours;
b. Solicit and review member
comments on the advance notice
(sections 708a.103(a) and (b))—4 hours;
c. Have the directors approve the
conversion proposal (section
708a.103(c))—50 hours;
d. Notify NCUA of intent to convert
(section 708a.105)—40 hours;
e. Prepare a directors’ certification of
support for the conversion proposal and
submit to NCUA (section
708a.105(a)(2))—1 hour;
f. Prepare and mail notices to
members and conduct a membership
vote on the proposed conversion
(sections 708a.104, 708a.106)—200
hours;
g. Transmit, upon request, a member’s
communication to the other members
(section 708a.104(f))—1 hour; and
h. Prepare a member vote certification
and submit to NCUA (section
708a.107)—1 hour.
Mergers into Banks:
In the last five years, no credit unions
have engaged in bank merger
transactions. If a credit union were to
engage in a bank merger transaction in
the future, NCUA estimates it would
take approximately 410 hours to comply
with the merger valuation, notice, and
disclosure requirements of Subpart C.
Of the 410 hours, NCUA estimates that
respondents will spend approximately
100 hours on recordkeeping, 102 hours
on reporting, and 208 hours on thirdparty disclosure. NCUA estimates that
in the future one insured credit union
will engage in a bank merger transaction
in any given year, so that the total
annual collection burden is estimated to
be approximately 410 hours. The credit
union is required to:
a. Obtain a merger valuation (section
708a.303(a))—50 hours;
b. Publish advance notice of intent to
merge (section 708a.303(b))—3 hours;
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52343
c. Solicit and review member
comments on the advance notice
(section 708a.303(c))—4 hours;
d. Conduct due diligence and have
the directors approve the merger
proposal (sections 708a.303(d),
708a.304(d))—50 hours;
e. Prepare the Merger Plan and Notice
of Intent to Merge and Request for
NCUA Authorization and submit to
NCUA (sections 708a.304(a) and (b))—
100 hours;
f. Prepare a directors’ certification of
support for the merger proposal and
submit to NCUA (section 708a.304(c))—
1 hour;
g. Prepare and mail notices to
members and conduct a membership
vote on the proposed merger (sections
708a.305, 708a.306)—200 hours;
h. Transmit, upon request, a member’s
communication to the other members
(section 708a.305(g))—1 hour; and
i. Prepare a member vote certification
and submit to NCUA (section
708a.307)—1 hour.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
control number.
NCUA requests that you send your
comments on this collection for part
708a 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 of the
information collection, 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 information collection on
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: Bank Conversions and Mergers,
12 CFR part 708a.
OMB Number: Previously approved
under OMB Number 3133–0182.
Form Number: None.
Type of Review: Reinstatement, with
change, of a previously approved
collection.
Description: Part 708a requires an
insured credit union that proposes to
convert to an MSB or to merge into a
bank to provide notice and disclosure of
the proposal to members and NCUA and
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Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices
to conduct a membership vote.
Submission of this information is
designed to ensure NCUA has sufficient
information to administer the member
vote in an MSB conversion and to
approve or disapprove a proposed
merger into a bank. The information
collection allows NCUA to ensure
compliance with statutory and
regulatory requirements for conversions
and mergers. It also ensures that
members of credit unions have
sufficient and accurate information to
exercise an informed vote concerning a
proposed conversion or merger.
Respondents: Federally insured credit
unions.
Estimated Number of Respondents: 2.
Estimated Number of Responses: 2.
Frequency of Response: One-time; on
occasion.
Estimated Time per Response: Ranges
from 300 to 410 hours.
Estimated Total Annual Hour Burden:
710 hours.
Estimated Total Annual Cost:
$28,400.00
By the National Credit Union
Administration Board on August 25, 2015.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2015–21334 Filed 8–27–15; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL CREDIT UNION
ADMINISTRATION
Agency Information Collection
Activities: Request for Comments for
Reinstatement With Change of a
Previously Approved Collection,
Organization and Operation of a
Federal Credit Union Loan
Participation
National Credit Union
Administration (NCUA).
ACTION: Request for comment.
AGENCY:
National Credit Union
Administration is announcing that a
proposed collection of information has
been submitted to the Office of
Management and Budget (OMB) for
review and clearance under the
Paperwork Reduction Act of 1995
(PRA). This is related to NCUA’s
regulation 701.22 that outlines
requirements for loan participation
programs. The rule requires various
information collections, which NCUA
uses to ensure credit unions have
implemented a safe and sound loan
participation program.
DATES: Comments will be accepted until
October 27, 2015.
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SUMMARY:
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Interested persons are
invited to submit written comments on
the information collection to:
NCUA Contact: Joy Lee, National Credit
Union Administration, 1775 Duke
Street, Alexandria, Virginia 22314–
3428, Fax No. 703–837–2861, Email:
OCIOPRA@ncua.gov.
OMB Reviewer: 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:
NCUA Contact: Joy Lee, National Credit
Union Administration, 1775 Duke
Street, Alexandria, Virginia 22314–
3428, Fax No. 703–837–2861 Email:
OCIOPRA@ncua.gov.
SUPPLEMENTARY INFORMATION:
ADDRESSES:
I. Abstract and Request for Comments
NCUA is requesting comments on the
reinstatement of 3133–0141
Organization and Operations of Federal
Credit Unions Loan Participation
information collection. NCUA’s
regulation, 12 CFR 701.22 outlines loan
participation requirements. Loan
participations pose inherent risk to the
NCUSIF due to the interconnectedness
between participants. Section 741.225
extends the requirements of Section
701.22 of NCUA’s regulations to
Federally Insured State Chartered Credit
Unions (FISCUs), noting there are strong
indications of potential risk to the
NCUSIF from FISCUs’ loan
participation activity. Section 701.22
includes three collection requirements
(1) maintenance of a written policy, (2)
requirements on the purchasing credit
union to have a written loan
participation agreement, (3) options to
apply for waivers from concentration
limits.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid OMB
control number.
NCUA requests that you send your
comments on the information collection
requirements under Part 701 to the
locations 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
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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 Loan
Participation.
OMB Number: 3133–0141.
Form Number: None.
Type of Review: Reinstatement with
change of an approved collection.
Description: Section 701.22 of
NCUA’s regulations, 12 CFR 701.22,
outlines the requirements for the
administration of a loan participation
program. Section 741 of NCUA’s
regulations, 12 CFR 741.225, extends 12
CFR 701.22 to Federally Insured State
Chartered Credit Unions. Section 701.22
includes various collections which
NCUA uses to ensure credit unions have
implemented a safe and sound program.
Respondents: Federally insured credit
unions.
Estimated No. of Respondents/
Recordkeepers: 1,515 for loan
participation policy revision and loan
agreement retention, 10 for waiver
submission and 1 for appeal request.
Estimated Burden Hours per
Response: 3 hours per policy revision, 4
hours per waiver submission and 4
hours per appeal.
Frequency of Response: One time and
optionally with each waiver submission.
Estimated Total Annual Burden
Hours: 4,589 hours total.
Estimated Total Annual Cost:
$146,342.
By the National Credit Union
Administration Board on August 25, 2015.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2015–21333 Filed 8–27–15; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL SCIENCE FOUNDATION
Notice of Permits Issued Under the
Antarctic Conservation Act of 1978
National Science Foundation.
Notice of permits issued under
the Antarctic Conservation of 1978,
Public Law 95–541.
AGENCY:
ACTION:
The National Science
Foundation (NSF) is required to publish
notice of permits issued under the
SUMMARY:
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]]>Agencies
[Federal Register Volume 80, Number 167 (Friday, August 28, 2015)]
[Notices]
[Pages 52342-52344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-21334]
=======================================================================
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Request for Comments
for Reinstatement With Change of a Previously Approved Collection,
Banks Conversions and Mergers
AGENCY: National Credit Union Administration (NCUA).
ACTION: Request for comments.
-----------------------------------------------------------------------
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). The purpose of this notice is to allow for 60 days
of public comment. The information collection relates to NCUA's
regulation on conversions of federally insured credit unions (FICUs) to
mutual savings banks (MSBs) and mergers of FICUs into banks. The
regulation requires an insured credit union that proposes to convert to
an MSB or merge into a bank to provide notice and disclosure of the
proposal to members and NCUA and to conduct a membership vote.
DATES: Comments will be accepted until October 27, 2015.
ADDRESSES: Interested persons are invited to submit written comments to
the NCUA Contact and the OMB Reviewer listed below:
NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke
Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-2861, Email:
OCIOPRA@ncua.gov.
OMB Reviewer: Office of Management and Budget, ATTN: Desk Officer for
the National Credit Union Administration, Office of Information and
Regulatory Affairs, Washington, DC 20503, Email:
oirasubmission@omb.eop.gov.
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:
NCUA Contact: Joy Lee, National Credit Union Administration, 1775 Duke
Street, Alexandria, Virginia 22314-
[[Page 52343]]
3428, Fax No. 703-837-2861, Email: OCIOPRA@ncua.gov.
SUPPLEMENTARY INFORMATION:
I. Abstract and Request for Comments
NCUA is requesting reinstatement, with change, of the previously
approved collection of information for NCUA's regulation on Bank
Conversions and Mergers, 12 CFR part 708a (Part 708a), which provides
the requirements for conversions of FICUs to MSBs and mergers of FICUs
into banks. Part 708a requires an insured credit union that proposes to
convert to an MSB or to merge into a bank to provide notice and
disclosure of the proposal to members and NCUA and to conduct a
membership vote. These requirements are authorized under section
205(b)(2) of the Federal Credit Union Act, 12 U.S.C. 1785(b)(2). They
are also necessary to ensure safety and soundness in the credit union
industry, and to protect the interests of credit union members in the
charter conversion and merger contexts. Submission of this information
is designed to ensure NCUA has sufficient information to administer the
member vote in an MSB conversion and to approve or disapprove a
proposed merger into a bank. The information collection allows NCUA to
ensure compliance with statutory and regulatory requirements for
conversions and mergers. It also ensures that members of credit unions
have sufficient and accurate information to exercise an informed vote
concerning a proposed conversion or merger.
Subpart A of Part 708a (Subpart A) covers the conversion of insured
credit unions to MSBs. Subpart A requires insured credit unions that
intend to convert to MSBs to provide notice and disclosure of their
intent to convert to their members and NCUA. It also requires insured
credit unions to provide additional information to NCUA at various
points in the conversion process.
Subpart C of Part 708a (Subpart C) covers the merger of insured
credit unions into banks. Subpart C requires insured credit unions that
intend to merge into banks (both mutual and stock banks) to determine
the merger value of the credit union and provide notice and disclosure
of their intent to merge to their members and NCUA. It also requires
insured credit unions to provide additional information to NCUA at
various points in the merger process.
The categories of burden and burden hours for credit unions
complying with Part 708a may include the following:
Conversions to MSBs:
In the last five years, five credit unions have engaged in MSB
conversion transactions. NCUA estimates it takes an average of
approximately 300 hours to comply with the notice and disclosure
requirements of Subpart A. Of the 300 hours, NCUA estimates that
respondents will spend approximately 50 hours on recordkeeping, 42
hours on reporting, and 208 hours on third-party disclosure. Based on
NCUA's experience, NCUA estimates that in the future one insured credit
union will engage in an MSB conversion transaction in any given year,
so that the total annual collection burden is estimated to be
approximately 300 hours. The credit union is required to:
a. Publish advance notice of intent to convert (section
708a.103(a))--3 hours;
b. Solicit and review member comments on the advance notice
(sections 708a.103(a) and (b))--4 hours;
c. Have the directors approve the conversion proposal (section
708a.103(c))--50 hours;
d. Notify NCUA of intent to convert (section 708a.105)--40 hours;
e. Prepare a directors' certification of support for the conversion
proposal and submit to NCUA (section 708a.105(a)(2))--1 hour;
f. Prepare and mail notices to members and conduct a membership
vote on the proposed conversion (sections 708a.104, 708a.106)--200
hours;
g. Transmit, upon request, a member's communication to the other
members (section 708a.104(f))--1 hour; and
h. Prepare a member vote certification and submit to NCUA (section
708a.107)--1 hour.
Mergers into Banks:
In the last five years, no credit unions have engaged in bank
merger transactions. If a credit union were to engage in a bank merger
transaction in the future, NCUA estimates it would take approximately
410 hours to comply with the merger valuation, notice, and disclosure
requirements of Subpart C. Of the 410 hours, NCUA estimates that
respondents will spend approximately 100 hours on recordkeeping, 102
hours on reporting, and 208 hours on third-party disclosure. NCUA
estimates that in the future one insured credit union will engage in a
bank merger transaction in any given year, so that the total annual
collection burden is estimated to be approximately 410 hours. The
credit union is required to:
a. Obtain a merger valuation (section 708a.303(a))--50 hours;
b. Publish advance notice of intent to merge (section
708a.303(b))--3 hours;
c. Solicit and review member comments on the advance notice
(section 708a.303(c))--4 hours;
d. Conduct due diligence and have the directors approve the merger
proposal (sections 708a.303(d), 708a.304(d))--50 hours;
e. Prepare the Merger Plan and Notice of Intent to Merge and
Request for NCUA Authorization and submit to NCUA (sections 708a.304(a)
and (b))--100 hours;
f. Prepare a directors' certification of support for the merger
proposal and submit to NCUA (section 708a.304(c))--1 hour;
g. Prepare and mail notices to members and conduct a membership
vote on the proposed merger (sections 708a.305, 708a.306)--200 hours;
h. Transmit, upon request, a member's communication to the other
members (section 708a.305(g))--1 hour; and
i. Prepare a member vote certification and submit to NCUA (section
708a.307)--1 hour.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB control number.
NCUA requests that you send your comments on this collection for
part 708a 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 of the information collection, 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 information
collection on 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: Bank Conversions and Mergers, 12 CFR part 708a.
OMB Number: Previously approved under OMB Number 3133-0182.
Form Number: None.
Type of Review: Reinstatement, with change, of a previously
approved collection.
Description: Part 708a requires an insured credit union that
proposes to convert to an MSB or to merge into a bank to provide notice
and disclosure of the proposal to members and NCUA and
[[Page 52344]]
to conduct a membership vote. Submission of this information is
designed to ensure NCUA has sufficient information to administer the
member vote in an MSB conversion and to approve or disapprove a
proposed merger into a bank. The information collection allows NCUA to
ensure compliance with statutory and regulatory requirements for
conversions and mergers. It also ensures that members of credit unions
have sufficient and accurate information to exercise an informed vote
concerning a proposed conversion or merger.
Respondents: Federally insured credit unions.
Estimated Number of Respondents: 2.
Estimated Number of Responses: 2.
Frequency of Response: One-time; on occasion.
Estimated Time per Response: Ranges from 300 to 410 hours.
Estimated Total Annual Hour Burden: 710 hours.
Estimated Total Annual Cost: $28,400.00
By the National Credit Union Administration Board on August 25,
2015.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2015-21334 Filed 8-27-15; 8:45 am]
BILLING CODE 7535-01-P
