Agency Information Collection Activities: Proposed Collection; Comment Request; Payments on Shares by Public Units and Nonmembers, 36353 [2016-13240]

Download as PDF Federal Register / Vol. 81, No. 108 / Monday, June 6, 2016 / Notices architecturally, historically, and technologically significant facilities. Laurence Brewer, Chief Records Officer for the U.S. Government. [FR Doc. 2016–13190 Filed 6–3–16; 8:45 am] BILLING CODE 7515–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Proposed Collection; Comment Request; Payments on Shares by Public Units and Nonmembers 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 a 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). DATES: Written comments should be received on or before August 5, 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: OMB Number: 3133–0114. Title: Payments on Shares by Public Units and Nonmembers. Abstract: Under section 107(6) of the Federal Credit Union Act (Act) and § 701.32 of the NCUA Rules and Regulations, a Federal Credit Union may receive from public units and political subdivisions (as defined in § 754.1) and nonmember credit unions, payments on shares. Limitations on nonmember and public unit deposits in federally insured credit unions is 20 percent of their shares or $3 million, whichever is greater. This collection of information is necessary to protect the National Credit Union Share Insurance Fund (‘‘Fund’’). The NCUA Board has determined that deposits in excess of 20 percent of shares or $3 million can cause an undue risk to the Fund and a loss of confidence in the credit union system. The NCUA sradovich on DSK3TPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:36 Jun 03, 2016 Jkt 238001 must be made aware of and be able to monitor those credit unions seeking an exemption from the requirement. The information collection requirements is for those credit unions seeking an exemption from the nonmember deposit limit must adopt a specific written plan concerning the intended use of those shares and submit along with their lending and investment policies to the NCUA Regional Director. NCUA uses this information to determine whether or not a particular credit union will be granted an exemption to the limit on nonmember and public unit deposits. This collection of information is necessary to protect the National Credit Union Share Insurance Fund. Type of Review: Extension of a previously approved collection. Affected Public: Private Sector: Nonfor-profit institutions. Estimated No. of Respondents/ Recordkeepers: 20. Estimated Annual Frequency: 2.1. Estimated Annual No. of Responses: 42. Estimated Burden Hours per Response: 1.95. Estimated Total Annual Burden Hours: 82. Adjustment are being made to included additional information collections requirements of § 701.32 that were omitted in the previous submission. 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 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. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on June 1, 2016. PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 36353 Dated: June 1, 2016. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2016–13240 Filed 6–3–16; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Submission for OMB Review; Comment Request National Credit Union Administration (NCUA). ACTION: Notice. AGENCY: The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104– 13, on or after the date of publication of this notice. DATES: Comments should be received on or before July 6, 2016 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@ OMB.EOP.gov and (2) NCUA PRA Clearance Officer, 1775 Duke Street, Alexandria, VA 22314–3428 or email at PRAComments@ncua.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submission may be obtained by emailing PRAComments@ ncua.gov or viewing the entire information collection request at www.reginfo.gov. SUMMARY: SUPPLEMENTARY INFORMATION: OMB Number: 3133–0061. Type of Review: Reinstatement, with change, of a previously approved collection. Title: Central Liquidity Facility, 12 CFR part 725 Form: NCUA Forms 7000, 7001, 7002, 7003, 7004, and CLF Forms 8702, and 8703. Abstract: Part 725 contains the regulations implementing the National Credit Union Central Liquidity Facility Act, subchapter III of the Federal Credit Union Act. The NCUA Central Liquidity Facility is a mixed-ownership Government corporation within NCUA. It is managed by the NCUA Board and is owned by its member credit unions. E:\FR\FM\06JNN1.SGM 06JNN1

Agencies

[Federal Register Volume 81, Number 108 (Monday, June 6, 2016)]
[Notices]
[Page 36353]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13240]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Payments on Shares by Public Units and Nonmembers

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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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 a 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).

DATES: Written comments should be received on or before August 5, 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: 
    OMB Number: 3133-0114.
    Title: Payments on Shares by Public Units and Nonmembers.
    Abstract: Under section 107(6) of the Federal Credit Union Act 
(Act) and Sec.  701.32 of the NCUA Rules and Regulations, a Federal 
Credit Union may receive from public units and political subdivisions 
(as defined in Sec.  754.1) and nonmember credit unions, payments on 
shares. Limitations on nonmember and public unit deposits in federally 
insured credit unions is 20 percent of their shares or $3 million, 
whichever is greater. This collection of information is necessary to 
protect the National Credit Union Share Insurance Fund (``Fund''). The 
NCUA Board has determined that deposits in excess of 20 percent of 
shares or $3 million can cause an undue risk to the Fund and a loss of 
confidence in the credit union system. The NCUA must be made aware of 
and be able to monitor those credit unions seeking an exemption from 
the requirement.
    The information collection requirements is for those credit unions 
seeking an exemption from the nonmember deposit limit must adopt a 
specific written plan concerning the intended use of those shares and 
submit along with their lending and investment policies to the NCUA 
Regional Director. NCUA uses this information to determine whether or 
not a particular credit union will be granted an exemption to the limit 
on nonmember and public unit deposits. This collection of information 
is necessary to protect the National Credit Union Share Insurance Fund.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Private Sector: Non-for-profit institutions.
    Estimated No. of Respondents/Recordkeepers: 20.
    Estimated Annual Frequency: 2.1.
    Estimated Annual No. of Responses: 42.
    Estimated Burden Hours per Response: 1.95.
    Estimated Total Annual Burden Hours: 82.
    Adjustment are being made to included additional information 
collections requirements of Sec.  701.32 that were omitted in the 
previous submission.
    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 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.
    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on June 1, 2016.

    Dated: June 1, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-13240 Filed 6-3-16; 8:45 am]
 BILLING CODE 7535-01-P