Agency Information Collection Activities: Proposed Collection; Comment Request; Corporate Credit Unions, 12131 [2016-05010]
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Federal Register / Vol. 81, No. 45 / Tuesday, March 8, 2016 / Notices
NATIONAL CREDIT UNION
ADMINISTRATION
Agency Information Collection
Activities: Proposed Collection;
Comment Request; Corporate Credit
Unions
National Credit Union
Administration (NCUA).
ACTION: Notice and request for
comments.
AGENCY:
The NCUA, as part of its
continuing efforts to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on a reinstatement
of a previously approved collection, as
required by the Paperwork Reduction
Act of 1995, Public Law 104–13 (44
U.S.C. 3506(c)(2)(A)). The NCUA is
soliciting comments concerning
regulations on corporate credit unions
under 12 CFR part 704.
DATES: Written comments should be
received on or before May 9, 2016 to be
assured of consideration.
ADDRESSES: Interested persons are
invited to submit comments to Dawn
Wolfgang, National Credit Union
Administration, 1775 Duke Street,
Alexandria, Virginia 22314–3428, Fax
No. 703–837–2861, or Email at
OCIOPRA@ncua.gov.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information
should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133–0129.
Title: 12 CFR part 704, Corporate
Credit Unions.
Abstract: Part 704 of NCUA’s
regulations established the regulatory
framework for corporate credit unions.
This includes various reporting and
recordkeeping requirements as well as
safety and soundness standards. NCUA
has established and regulates corporate
credit unions pursuant to its authority
under sections 120, 201, and 209 of the
Federal Credit Union Act, 12 U.S.C.
1766(a), 1781, and 1789. The collection
of information is necessary to ensure
that corporate credit unions operate in
a safe and sound manner by limiting
risk to their natural person credit union
members and the National Credit Union
Share Insurance Fund.
Part 704 includes the following
information collection requirements:
Retained Earnings Accumulation Plan
(§ 704.3(a)(3)); Notice of Intent to
Redeem or Call Contributed Capital
(§§ 704.3(b)(5) and (c)(3)); Notice of PCA
Category Change (§ 704.4(c)(2)); Capital
Restoration Plan (§ 704.4(e)); ALM
Testing (§ 704.8(j)); Investment Action
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SUMMARY:
VerDate Sep<11>2014
17:02 Mar 07, 2016
Jkt 238001
Plan (§ 704.10); Disclosure of Dual
Employee Compensation Received from
Corporate Credit Union Service
Organization (Corporate CUSO)
(§ 704.11(g)); Corporate CUSO Approval
Request (§ 704.11(e)); Recorded Director
Votes (§ 704.13(c)(8)); Management
Report (§ 704.15(a)(2)); Notice of
Engagement or Termination of
Accountants (§ 704.15(c)(4));
Notification of Late Filing
(§ 704.15(c)(5)); Disclosure of Executive
Compensation (§ 704.19), and MergerRelated Disclosures (§ 704.19(d)).
Type of Review: Reinstatement with
change of a previously approved
collection.
Affected Public: Federal and statechartered corporate credit unions.
Estimated No. of Respondents/
Recordkeepers: 12.
Estimated No. of Responses: 200.
Estimated No. of Responses per
Respondent: 17.
Estimated Hours per Response: 2.4.
Estimated Total Annual Burden
Hours: 483.
Reason for Change: The burden has
decreased from the previous submission
primarily due to a decrease in the
number of corporate credit unions from
27 to 12. However, the remaining
corporate credit unions tend to be more
complex and approved for expanded
authorities. Additional burden
reductions are attributed information
collection elements not adopted,
eliminated, or moved by rulemaking.
Request for Comments: Comments
submitted in response to this notice will
be summarized and included in the
request for Office of Management and
Budget approval. All comments will
become a matter of public record. The
public is invited to submit comments
concerning: (a) Whether the collection
of information is necessary for the
proper performance of the function of
the agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the information
collection, including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the information collection on
respondents, including the use of
automated collection techniques or
other forms of information technology.
By Gerard Poliquin, Secretary of the
Board, the National Credit Union
Administration, on March 2, 2016.
PO 00000
Frm 00067
Fmt 4703
Sfmt 9990
12131
Dated: March 2, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016–05010 Filed 3–7–16; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL SCIENCE FOUNDATION
Sunshine Act Meetings; National
Science Board
The National Science Board’s
Committee on Strategy and Budget,
Subcommittee on Facilities (SCF),
pursuant to NSF regulations (45 CFR
part 614), the National Science
Foundation Act, as amended (42 U.S.C.
1862n–5), and the Government in the
Sunshine Act (5 U.S.C. 552b), hereby
gives notice of the scheduling of a
teleconference for the transaction of
National Science Board business, as
follows:
Friday, March 11, 2016
at 11:30 to 12:30 p.m. EST. Open
session: 11:30 to 12:05 p.m.; closed
session: 12:05 to 12:30 p.m.
TIME AND DATE:
This meeting will be held by
teleconference. A public listening line
will be available for the open portion of
the meeting. Members of the public
must contact the Board Office [call 703–
292–7000 or send an email message to
nationalsciencebrd@nsf.gov] at least 24
hours prior to the teleconference for the
public listening number. Please refer to
the National Science Board Web site for
additional information and schedule
updates (time, place, subject matter or
status of meeting) which may be found
at https://www.nsf.gov/nsb/notices/.
PLACE:
STATUS:
Partly open, partly closed.
MATTERS TO BE CONSIDERED:
Open meeting subjects: Chairman’s
remarks; planning for 2016 Annual
Portfolio Review and white papers, and
discussion of facility synopses.
Closed meeting subject: Discussion of
LFO monthly facility reports.
CONTACT PERSON FOR MORE INFORMATION:
The point of contact for this meeting is
John Veysey, jveysey@nsf.gov).
Kyscha Slater-Williams,
Program Specialist.
[FR Doc. 2016–05246 Filed 3–4–16; 4:15 pm]
BILLING CODE 7555–01–P
E:\FR\FM\08MRN1.SGM
08MRN1
Agencies
[Federal Register Volume 81, Number 45 (Tuesday, March 8, 2016)]
[Notices]
[Page 12131]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-05010]
[[Page 12131]]
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NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Proposed Collection;
Comment Request; Corporate Credit Unions
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The NCUA, as part of its continuing efforts to reduce
paperwork and respondent burden, invites the general public and other
Federal agencies to comment on a reinstatement of a previously approved
collection, as required by the Paperwork Reduction Act of 1995, Public
Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The NCUA is soliciting comments
concerning regulations on corporate credit unions under 12 CFR part
704.
DATES: Written comments should be received on or before May 9, 2016 to
be assured of consideration.
ADDRESSES: Interested persons are invited to submit comments to Dawn
Wolfgang, National Credit Union Administration, 1775 Duke Street,
Alexandria, Virginia 22314-3428, Fax No. 703-837-2861, or Email at
OCIOPRA@ncua.gov.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0129.
Title: 12 CFR part 704, Corporate Credit Unions.
Abstract: Part 704 of NCUA's regulations established the regulatory
framework for corporate credit unions. This includes various reporting
and recordkeeping requirements as well as safety and soundness
standards. NCUA has established and regulates corporate credit unions
pursuant to its authority under sections 120, 201, and 209 of the
Federal Credit Union Act, 12 U.S.C. 1766(a), 1781, and 1789. The
collection of information is necessary to ensure that corporate credit
unions operate in a safe and sound manner by limiting risk to their
natural person credit union members and the National Credit Union Share
Insurance Fund.
Part 704 includes the following information collection
requirements: Retained Earnings Accumulation Plan (Sec. 704.3(a)(3));
Notice of Intent to Redeem or Call Contributed Capital (Sec. Sec.
704.3(b)(5) and (c)(3)); Notice of PCA Category Change (Sec.
704.4(c)(2)); Capital Restoration Plan (Sec. 704.4(e)); ALM Testing
(Sec. 704.8(j)); Investment Action Plan (Sec. 704.10); Disclosure of
Dual Employee Compensation Received from Corporate Credit Union Service
Organization (Corporate CUSO) (Sec. 704.11(g)); Corporate CUSO
Approval Request (Sec. 704.11(e)); Recorded Director Votes (Sec.
704.13(c)(8)); Management Report (Sec. 704.15(a)(2)); Notice of
Engagement or Termination of Accountants (Sec. 704.15(c)(4));
Notification of Late Filing (Sec. 704.15(c)(5)); Disclosure of
Executive Compensation (Sec. 704.19), and Merger-Related Disclosures
(Sec. 704.19(d)).
Type of Review: Reinstatement with change of a previously approved
collection.
Affected Public: Federal and state-chartered corporate credit
unions.
Estimated No. of Respondents/Recordkeepers: 12.
Estimated No. of Responses: 200.
Estimated No. of Responses per Respondent: 17.
Estimated Hours per Response: 2.4.
Estimated Total Annual Burden Hours: 483.
Reason for Change: The burden has decreased from the previous
submission primarily due to a decrease in the number of corporate
credit unions from 27 to 12. However, the remaining corporate credit
unions tend to be more complex and approved for expanded authorities.
Additional burden reductions are attributed information collection
elements not adopted, eliminated, or moved by rulemaking.
Request for Comments: Comments submitted in response to this notice
will be summarized and included in the request for Office of Management
and Budget approval. All comments will become a matter of public
record. The public is invited to submit comments concerning: (a)
Whether the collection of information is necessary for the proper
performance of the function of the agency, including whether the
information will have practical utility; (b) the accuracy of the
agency's estimate of the burden of the information collection,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the information
collection on respondents, including the use of automated collection
techniques or other forms of information technology.
By Gerard Poliquin, Secretary of the Board, the National Credit
Union Administration, on March 2, 2016.
Dated: March 2, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-05010 Filed 3-7-16; 8:45 am]
BILLING CODE 7535-01-P