Agency Information Collection Activities: Account Based Disclosures in Connection With Truth in Savings; Comment Request, 22648-22649 [2016-08874]

Download as PDF 22648 Federal Register / Vol. 81, No. 74 / Monday, April 18, 2016 / Notices TABLE E—U.S. DEPARTMENT OF LABOR EMPLOYMENT AND TRAINING ADMINISTRATION—Continued WORKFORCE INFORMATION GRANTS TO STATES [PY 2016 vs PY 2015 allotments] State PY 2015 PY 2016 Difference % Difference Washington ...................................................................................... West Virginia .................................................................................... Wisconsin ......................................................................................... Wyoming .......................................................................................... 666,958 341,935 619,893 282,549 671,496 339,090 618,500 281,988 4,538 (2,845) (1,393) (561) 0.68 ¥0.83 ¥0.22 ¥0.20 State Total ................................................................................ Guam ............................................................................................... Virgin Islands ................................................................................... 31,823,200 93,090 83,710 31,823,200 93,090 83,710 0 0 0 0.00 0.00 0.00 Outlying Areas Total ................................................................. 176,800 176,800 0 0.00 Portia Wu, Assistant Secretary for Employment and Training. I. Background [FR Doc. 2016–08747 Filed 4–15–16; 8:45 am] BILLING CODE 4510–FN–P NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [Notice: 16–025] Notice of Information Collection 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 (Pub. L. 104–13, 44 U.S.C. 3506(c)(2)(A)). DATES: All comments should be submitted within 60 calendar days from the date of this publication. ADDRESSES: Interested persons are invited to submit written comments on the proposed information collection to NASA Paperwork Reduction Act Clearance Officer, Code JF000, National Aeronautics and Space Administration, Washington, DC 20546–0001 or Frances.C.Teel@nasa.gov. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the information collection instrument(s) and instructions should be directed to Ms. Frances Teel, NASA Clearance Officer, NASA Headquarters, 300 E Street SW., JF000, Washington, DC 20546, or Frances.C.Teel@nasa.gov. SUPPLEMENTARY INFORMATION: mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:54 Apr 15, 2016 Jkt 238001 The Aviation Safety Reporting System (ASRS) is a NASA program developed to enable the voluntary collection of aviation safety incident/situation reports from individuals to include but not limited to pilots, air traffic controllers, dispatchers, cabin crew, and maintenance technicians. The ASRS represents the continuing effort by government, industry, and individuals to maintain and improve aviation safety. The information collected is used by NASA, the Federal Aviation Administration, and the aviation community in the promotion of flight safety. Data collected is used to identify deficiencies and discrepancies in the National Airspace System, support policy formulation and planning, and strengthen the foundation of aviation safety research. Comments submitted in response to this notice will be summarized and included in the request for OMB approval of this information collection. They will also become a matter of public record. II. Method of Collection NASA collects the information electronically, however information may also be collected via mail. III. Data Title: NASA Aviation Safety Reporting System. OMB Control Number: 2700–XXXX. Type of Review: Existing information collection in use without OMB Approval. Affected Public: Individuals. Estimated Number of Respondents: 92,228. Estimated Time per Response: 30 minutes. Estimated Total Annual Burden Hours: 46,114 hours. Estimated Total Annual Cost: $311,945. PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 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 collection 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 on respondents, including automated collection techniques or the use of other forms of information technology. Comments submitted in response to this notice will be summarized and included in the request for OMB approval of this information collection. They will also become a matter of public record. Frances Teel, NASA PRA Clearance Officer. [FR Doc. 2016–08851 Filed 4–15–16; 8:45 am] BILLING CODE 7510–13–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Account Based Disclosures in Connection With Truth in Savings; Comment Request National Credit Union Administration (NCUA). ACTION: Notice and request for comment. AGENCY: NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the submission for reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104–13, 44 U.S.C. Chapter 35). NCUA is soliciting comment on the SUMMARY: E:\FR\FM\18APN1.SGM 18APN1 Federal Register / Vol. 81, No. 74 / Monday, April 18, 2016 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES reinstatement of the information collection described below. DATES: Comments should be received on or before June 17, 2016 to be assured consideration. ADDRESSES: Interested persons are invited to submit written comments on the information collection to Dawn Wolfgang, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314–3428; Fax No. 703–519–8579; or Email at PRAComments@ncua.gov. FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to the address above. SUPPLEMENTARY INFORMATION: I. Abstract and Request for Comments The Truth in Savings Act, 12 U.S.C. 4301 et seq., (TISA) requires depository institutions to disclose to consumers certain information, including interest rates, dividends, bonuses, and fees associated with their deposit accounts and accompanying services. TISA directed the Federal Reserve Board (FRB) to issue a final regulation governing depository institution other than credit unions. FRB promulgated the TISA regulation, known as Regulation DD, 12 CFR part 230. The Dodd-Frank Wall Street Reform and Consumer Protection Act transferred FRB’s rulemaking authority for TISA to the Consumer Financial Protection Bureau (CFPB). TISA also directed the National Credit Union Administration (NCUA) to promulgate a TISA regulation governing credit unions. Section 272(b) of TISA, 12 U.S.C. 4311(b), mandated that NCUA regulation be ‘‘substantially similar’’ to those issued by FRB (and now CFPB), but NCUA may take into account the unique nature of credit unions and the limitations under which they may pay dividends. To implement TISA, NCUA published its TISA regulation, 12 CFR part 707, which applies to all credit unions whose accounts are either insured by, or eligible to be insured by, the National Credit Union Share Insurance Fund, except for any credit union that has been designated as a corporate credit union and any non-automated credit union that has $2 million or less in assets (together, ‘‘credit unions’’). In addition, the advertising rules apply to any person who advertises an account offered by a credit union. NCUA’s TISA regulation requires credit unions to disclose fees, dividend rates and other terms concerning accounts to members or potential members. NCUA’s TISA regulation requires credit unions to provide specific VerDate Sep<11>2014 17:54 Apr 15, 2016 Jkt 238001 disclosures when an account is opened, when a disclosed term changes or a term account is close to renewal, on periodic statements of account activity, in advertisements, and upon a member’s or potential member’s request. 12 CFR 707.4, 707.5, 707.6, 707.8. Credit unions that provide periodic statements are required to include information about fees imposed, the annual percentage yield earned during those statement periods, and other account terms. The requirements for creating and disseminating account disclosures, change in terms notices, term share renewal notices, statement disclosures, and advertising disclosures are necessary to implement TISA’s purpose of providing the public with information that will permit informed comparisons of accounts at depository institutions. The collection of information pursuant to Part 707 is triggered by specific events and disclosures and must be provided to consumers within the time periods established under the regulation. To ease the compliance cost (particularly for small credit unions), model clauses and sample forms are appended to the regulation. Although the regulation requires depository institutions to retain evidence of compliance with the disclosure requirements, the regulation does not specify the types of records that must be retained. 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 collection of information, 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 collection of the information on the respondents, including the use of automated collection techniques or other forms of information technology. II. Data Title: Account Based Disclosures in Connection with 12 CFR part 707. OMB Number: 3133–0134. Type of Review: Reinstatement with change of a previously approved collection. PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 22649 Description: NCUA’s TISA regulation requires credit unions to provide specific disclosures when an account is opened, when a disclosed term changes or a term account is close to renewal, on periodic statements of account activity, in advertisements, and upon a member’s or potential member’s request. 12 CFR 707.4, 707.5, 707.6, 707.8. Credit unions that provide periodic statements are required to include information about fees imposed, the annual percentage yield earned during those statement periods, and other account terms. The requirements for creating and disseminating account disclosures, change in terms notices, term share renewal notices, statement disclosures, and advertising disclosures are necessary to implement TISA’s purpose of providing the public with information that will permit informed comparisons of accounts at depository institutions. Respondents: All credit unions whose accounts are either insured by, or eligible to be insured by, the National Credit Union Share Insurance Fund, except for any credit union that has been designated as a corporate credit union and any non-automated credit union that has $2 million or less in assets. Estimated Number of Respondents: 6,247. Frequency of Response: Upon occurrence of triggering action. Estimated Burden Hours per Response: For account disclosures, 1.5 minutes; for change-in-terms notices, 1 minute; for notices prior to maturity, 1 minute; for periodic statement disclosures, 4 hours; and for advertising, 30 minutes. Estimated Total Annual Burden Hours: 438,852. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on April 13, 2016. Dated: April 13, 2016 Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2016–08874 Filed 4–15–16; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities; Proposed Collections; Comment Request National Credit Union Administration (NCUA). ACTION: Notice and request for comment. AGENCY: NCUA, as part of its continuing effort to reduce paperwork SUMMARY: E:\FR\FM\18APN1.SGM 18APN1

Agencies

[Federal Register Volume 81, Number 74 (Monday, April 18, 2016)]
[Notices]
[Pages 22648-22649]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-08874]


=======================================================================
-----------------------------------------------------------------------

NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Account Based 
Disclosures in Connection With Truth in Savings; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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

SUMMARY: NCUA, as part of its continuing effort to reduce paperwork and 
respondent burden, invites the general public and other Federal 
agencies to comment on the submission for reinstatement of a previously 
approved collection, as required by the Paperwork Reduction Act of 1995 
(Pub. L. 104-13, 44 U.S.C. Chapter 35). NCUA is soliciting comment on 
the

[[Page 22649]]

reinstatement of the information collection described below.

DATES: Comments should be received on or before June 17, 2016 to be 
assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428; Fax 
No. 703-519-8579; or Email at PRAComments@ncua.gov.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to the address above.

SUPPLEMENTARY INFORMATION:

I. Abstract and Request for Comments

    The Truth in Savings Act, 12 U.S.C. 4301 et seq., (TISA) requires 
depository institutions to disclose to consumers certain information, 
including interest rates, dividends, bonuses, and fees associated with 
their deposit accounts and accompanying services. TISA directed the 
Federal Reserve Board (FRB) to issue a final regulation governing 
depository institution other than credit unions. FRB promulgated the 
TISA regulation, known as Regulation DD, 12 CFR part 230. The Dodd-
Frank Wall Street Reform and Consumer Protection Act transferred FRB's 
rulemaking authority for TISA to the Consumer Financial Protection 
Bureau (CFPB).
    TISA also directed the National Credit Union Administration (NCUA) 
to promulgate a TISA regulation governing credit unions. Section 272(b) 
of TISA, 12 U.S.C. 4311(b), mandated that NCUA regulation be 
``substantially similar'' to those issued by FRB (and now CFPB), but 
NCUA may take into account the unique nature of credit unions and the 
limitations under which they may pay dividends.
    To implement TISA, NCUA published its TISA regulation, 12 CFR part 
707, which applies to all credit unions whose accounts are either 
insured by, or eligible to be insured by, the National Credit Union 
Share Insurance Fund, except for any credit union that has been 
designated as a corporate credit union and any non-automated credit 
union that has $2 million or less in assets (together, ``credit 
unions''). In addition, the advertising rules apply to any person who 
advertises an account offered by a credit union. NCUA's TISA regulation 
requires credit unions to disclose fees, dividend rates and other terms 
concerning accounts to members or potential members.
    NCUA's TISA regulation requires credit unions to provide specific 
disclosures when an account is opened, when a disclosed term changes or 
a term account is close to renewal, on periodic statements of account 
activity, in advertisements, and upon a member's or potential member's 
request. 12 CFR 707.4, 707.5, 707.6, 707.8. Credit unions that provide 
periodic statements are required to include information about fees 
imposed, the annual percentage yield earned during those statement 
periods, and other account terms. The requirements for creating and 
disseminating account disclosures, change in terms notices, term share 
renewal notices, statement disclosures, and advertising disclosures are 
necessary to implement TISA's purpose of providing the public with 
information that will permit informed comparisons of accounts at 
depository institutions.
    The collection of information pursuant to Part 707 is triggered by 
specific events and disclosures and must be provided to consumers 
within the time periods established under the regulation. To ease the 
compliance cost (particularly for small credit unions), model clauses 
and sample forms are appended to the regulation.
    Although the regulation requires depository institutions to retain 
evidence of compliance with the disclosure requirements, the regulation 
does not specify the types of records that must be retained.
    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 collection of information, 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 collection of the information on the 
respondents, including the use of automated collection techniques or 
other forms of information technology.

II. Data

    Title: Account Based Disclosures in Connection with 12 CFR part 
707.
    OMB Number: 3133-0134.
    Type of Review: Reinstatement with change of a previously approved 
collection.
    Description: NCUA's TISA regulation requires credit unions to 
provide specific disclosures when an account is opened, when a 
disclosed term changes or a term account is close to renewal, on 
periodic statements of account activity, in advertisements, and upon a 
member's or potential member's request. 12 CFR 707.4, 707.5, 707.6, 
707.8. Credit unions that provide periodic statements are required to 
include information about fees imposed, the annual percentage yield 
earned during those statement periods, and other account terms. The 
requirements for creating and disseminating account disclosures, change 
in terms notices, term share renewal notices, statement disclosures, 
and advertising disclosures are necessary to implement TISA's purpose 
of providing the public with information that will permit informed 
comparisons of accounts at depository institutions.
    Respondents: All credit unions whose accounts are either insured 
by, or eligible to be insured by, the National Credit Union Share 
Insurance Fund, except for any credit union that has been designated as 
a corporate credit union and any non-automated credit union that has $2 
million or less in assets.
    Estimated Number of Respondents: 6,247.
    Frequency of Response: Upon occurrence of triggering action.
    Estimated Burden Hours per Response: For account disclosures, 1.5 
minutes; for change-in-terms notices, 1 minute; for notices prior to 
maturity, 1 minute; for periodic statement disclosures, 4 hours; and 
for advertising, 30 minutes.
    Estimated Total Annual Burden Hours: 438,852.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on April 13, 2016.

    Dated: April 13, 2016
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-08874 Filed 4-15-16; 8:45 am]
 BILLING CODE 7535-01-P