Agency Information Collection Activities: Proposed Collection; Comment Request; Payments on Shares by Public Units and Nonmembers, 36353 [2016-13240]
Download as PDF
<![CDATA[
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]
=======================================================================
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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
