Agency Information Collection Activities: Proposed Collection; Comment Request; Call Report and Credit Union Profile, 39719 [2016-14395]

Download as PDF Federal Register / Vol. 81, No. 117 / Friday, June 17, 2016 / Notices can be found online at http:// technology.nasa.gov/. Mark P. Dvorscak, Agency Counsel for Intellectual Property. [FR Doc. 2016–14347 Filed 6–16–16; 8:45 am] BILLING CODE 7510–13–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Proposed Collection; Comment Request; Call Report and Credit Union Profile National Credit Union Administration (NCUA). ACTION: Notice and request for comment. AGENCY: NCUA, as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a revision 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 16, 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; 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: 3133–0004. Title: NCUA Call Report and Profile. Form: NCUA Forms 5300 and 4501A. Abstract: Sections 106 and 202 of the Federal Credit Union Act require federally insured credit unions to make financial reports to the NCUA. Section 741.6 prescribes the method in which federally insured credit unions must submit this information to NCUA. NCUA Form 5300, Call Report, is used to file quarterly financial and statistical data and NCUA Form 4501A, Credit Union Profile, is used to obtain nonfinancial data relevant to regulation and supervision such as the names of senior management and volunteer officials, and are reported through NCUA’s online portal, Credit Unions Online. This information collection is being revised to remove data elements associated with the reporting of Credit Union Service Organizations (CUSO). In early 2016, reporting of CUSOs was conducted separately from the Call sradovich on DSK3TPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 16:48 Jun 16, 2016 Jkt 238001 Report and Profile through the new CUSO Registry portal (OMB No. 3133– 0149). To eliminate duplicate reporting and reduce the burden associated with this collection, NCUA is removing the CUSO identification section from the Call Report and reporting of CUSO usage from the Profile. Type of Review: Revision of a previously approved collection. Affected Public: Private Sector: Notfor-profit institutions. Estimated Number of Respondents: 6,021. Estimated Number of Responses per Respondent: 4. Estimated Annual Responses: 24,084. Estimated Burden Hours per Response: 6. Estimated Total Annual Burden Hours: 144,504. 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 execution 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 14, 2016. Dated: June 14, 2016. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2016–14395 Filed 6–16–16; 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 requests to the Office of Management SUMMARY: PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 39719 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 18, 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. SUPPLEMENTARY INFORMATION: OMB Number: 3133–0039. Type of Review: Reinstatement, with change, of a previously approved collection. Title: Borrowed Funds from Natural Persons, 12 CFR 701.38. Abstract: Section 701.38 of the NCUA regulations grants federal credit unions the authority to borrow funds from a natural person as long as they maintain a signed promissory note which includes the terms and conditions of maturity, repayment, interest rate, method of computation and method of payment; and the promissory note and any advertisements for borrowing have clearly visible language stating that the note represents money borrowed by the credit union and does not represent shares and is not insured by the National Credit Union Insurance Fund (NCUSIF). NCUA will use this information to ensure a credit union’s natural person borrowings are in compliance and address all regulatory and safety and soundness requirements. Affected Public: Private Sector: Businesses or other for-profits. Estimated Annual Burden Hours: 935. OMB Number: 3133–0125. Title: Appraisals, 12 CFR 722. Abstract: NCUA Regulation § 722 implements a statutory requirement that appraisals used in real estate transactions be made in writing and meet certain standards. This collection of information is associated with the requirement that credit unions retain a copy of the written assessment for real E:\FR\FM\17JNN1.SGM 17JNN1

Agencies

[Federal Register Volume 81, Number 117 (Friday, June 17, 2016)]
[Notices]
[Page 39719]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-14395]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Call Report and Credit Union Profile

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: NCUA, as part of a continuing effort to reduce paperwork and 
respondent burden, invites the general public and other Federal 
agencies to comment on a revision 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 16, 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; 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: 3133-0004.
    Title: NCUA Call Report and Profile.
    Form: NCUA Forms 5300 and 4501A.
    Abstract: Sections 106 and 202 of the Federal Credit Union Act 
require federally insured credit unions to make financial reports to 
the NCUA. Section 741.6 prescribes the method in which federally 
insured credit unions must submit this information to NCUA. NCUA Form 
5300, Call Report, is used to file quarterly financial and statistical 
data and NCUA Form 4501A, Credit Union Profile, is used to obtain non-
financial data relevant to regulation and supervision such as the names 
of senior management and volunteer officials, and are reported through 
NCUA's on-line portal, Credit Unions Online.
    This information collection is being revised to remove data 
elements associated with the reporting of Credit Union Service 
Organizations (CUSO). In early 2016, reporting of CUSOs was conducted 
separately from the Call Report and Profile through the new CUSO 
Registry portal (OMB No. 3133-0149). To eliminate duplicate reporting 
and reduce the burden associated with this collection, NCUA is removing 
the CUSO identification section from the Call Report and reporting of 
CUSO usage from the Profile.
    Type of Review: Revision of a previously approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 6,021.
    Estimated Number of Responses per Respondent: 4.
    Estimated Annual Responses: 24,084.
    Estimated Burden Hours per Response: 6.
    Estimated Total Annual Burden Hours: 144,504.
    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 
execution 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 14, 2016.
    Dated: June 14, 2016.

Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-14395 Filed 6-16-16; 8:45 am]
 BILLING CODE 7535-01-P