Submission for OMB Review; Comment Request, 49131 [2018-21157]
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Federal Register / Vol. 83, No. 189 / Friday, September 28, 2018 / Notices
Government Performance and Results
Act Modernization Act.
It is imperative that the meeting be
held on this date to accommodate the
scheduling priorities of the key
participants.
Patricia Rausch,
Advisory Committee Management Officer,
National Aeronautics and Space
Administration.
[FR Doc. 2018–21201 Filed 9–27–18; 8:45 am]
BILLING CODE 7510–13–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
and Budget (OMB) for review and
clearance in accordance with the
Paperwork Reduction Act of 1995, on or
after the date of publication of this
notice.
DATES: Comments should be received on
or before October 29, 2018 to be assured
of consideration.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of this 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,
Suite 5080, Alexandria, VA 22314, or
email at PRAComments@ncua.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission may be
obtained by contacting Dawn Wolfgang
at (703) 548–2279, emailing
PRAComments@ncua.gov, or viewing
the entire information collection request
at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133–0117.
Type of Review: Revision of a
currently approved collection.
Title: Designation of Low Income
Status, 12 CFR 701.34(a).
Abstract: The Federal Credit Union
Act (12 U.S.C. 1752(5)) authorizes the
NCUA Board to define low-income
members so that credit unions with a
membership serving predominantly
amozie on DSK3GDR082PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
19:22 Sep 27, 2018
Jkt 244001
low-income members can benefit from
certain statutory relief and receive
assistance from the Community
Development Revolving Loan Fund. To
utilize this authority a credit union
must receive a low-income designation
from NCUA as defined in NCUA’s
regulations at 12 CFR 701.34. NCUA
uses the information from credit unions
to determine whether they meet the
criteria for the low-income designation.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Total Annual Burden
Hours: 303.
OMB Number: 3133–0121.
Type of Review: Revision of a
currently approved collection.
Title: Notice of Change of Officials
and Senior Executive Officers.
Forms: NCUA Forms 4063 and 4063a.
Abstract: In order to comply with
statutory requirements, the agency must
obtain sufficient information from new
officials or senior executive officers of
troubled or newly chartered credit
unions to determine their fitness for the
position. This is established by the
Financial Institutions Reform, Recovery,
and Enforcement Act of 1989 (FIRREA)
(Pub. L. 101–73). The forms provide a
standardize format to collect the
information needed.
Affected Public: Private Sector: Notfor-profit institutions; Individual or
Household.
Estimated Total Annual Burden
Hours: 884.
OMB Number: 3133–0154.
Type of Review: Extension of a
currently approved collection.
Title: Prompt Corrective Action, 12
CFR 702 (Subparts A–D).
Abstract: Section 216 of the Federal
Credit Union Act (12 U.S.C. 1790d)
mandates prompt corrective action
(PCA) requirements for federally
insured credit unions (FICUs) that
become less than well capitalized.
Section 216 requires the NCUA Board to
(1) adopt, by regulation, a system of
prompt corrective action to restore the
net worth of inadequately capitalized
FICUs; and (2) develop an alternative
system of prompt corrective action for
new credit unions that carries out the
purpose of PCA while allowing an FICU
reasonable time to build its net worth to
an adequately capitalized level. The
purpose of PCA is to resolve the
problems of FICUs at the least possible
long-term loss to the National Credit
Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Total Annual Burden
Hours: 3,420.
OMB Number: 3133–0169.
PO 00000
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Fmt 4703
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49131
Title: Purchase of Assets and
Assumption of Liabilities.
Type of Review: Extension of a
currently approved collection.
Abstract: In accordance with § 741.8,
federally insured credit unions (FICUs)
must request approval from the NCUA
prior to purchasing assets or assuming
liabilities of a privately insured credit
union, other financial institution, or
their successor interest. A FICU seeking
approval must submit a letter to the
appropriate NCUA Regional Director
stating the nature of the transaction, and
include copies of relevant transaction
documents. Relevant transaction
documents may include, but are not
limited to: the credit union’s financial
statements, strategic plan, and budget,
inventory of the assets and liabilities to
be transferred, and any relevant
contracts or agreements regarding the
transfer. NCUA will use the information
to determine the safety and soundness
of the transaction and risk to the
National Credit Union Share Insurance
Fund (NCUSIF).
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Total Annual Burden
Hours: 840.
OMB Number: 3133–0192.
Type of Review: Extension of a
currently approved collection.
Title: Involuntary Liquidation Proof of
Claim Form.
Form: NCUA Form 7250.
Abstract: In accordance with 12 CFR
part 709, the NCUA is appointed
liquidating agent of a credit union when
the credit union is placed into
involuntary liquidation. Section 709.6
instructs creditors to present a written
claim to the liquidating agent by the
date specified in the notice to creditors.
Those creditors making a claim must
document their claim in writing and
submit a form to the liquidating agent.
In addition, the liquidating agent may
require a claimant to submit
supplemental evidence to support its
claim. This collection of information is
necessary to protect the National Credit
Union Share Insurance Fund in
determining valid claims.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Total Annual Burden
Hours: 220.
By Gerard Poliquin, Secretary of the Board,
the National Credit Union Administration, on
September 25, 2018.
Dated: September 25, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018–21157 Filed 9–27–18; 8:45 am]
BILLING CODE 7535–01–P
E:\FR\FM\28SEN1.SGM
28SEN1
Agencies
[Federal Register Volume 83, Number 189 (Friday, September 28, 2018)]
[Notices]
[Page 49131]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-21157]
=======================================================================
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Submission for OMB Review; Comment Request
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The National Credit Union Administration (NCUA) will submit
the following information collection requests to the Office of
Management and Budget (OMB) for review and clearance in accordance with
the Paperwork Reduction Act of 1995, on or after the date of
publication of this notice.
DATES: Comments should be received on or before October 29, 2018 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of this 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 [email protected] and (2) NCUA PRA Clearance
Officer, 1775 Duke Street, Suite 5080, Alexandria, VA 22314, or email
at [email protected].
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing
[email protected], or viewing the entire information collection
request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0117.
Type of Review: Revision of a currently approved collection.
Title: Designation of Low Income Status, 12 CFR 701.34(a).
Abstract: The Federal Credit Union Act (12 U.S.C. 1752(5))
authorizes the NCUA Board to define low-income members so that credit
unions with a membership serving predominantly low-income members can
benefit from certain statutory relief and receive assistance from the
Community Development Revolving Loan Fund. To utilize this authority a
credit union must receive a low-income designation from NCUA as defined
in NCUA's regulations at 12 CFR 701.34. NCUA uses the information from
credit unions to determine whether they meet the criteria for the low-
income designation.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 303.
OMB Number: 3133-0121.
Type of Review: Revision of a currently approved collection.
Title: Notice of Change of Officials and Senior Executive Officers.
Forms: NCUA Forms 4063 and 4063a.
Abstract: In order to comply with statutory requirements, the
agency must obtain sufficient information from new officials or senior
executive officers of troubled or newly chartered credit unions to
determine their fitness for the position. This is established by the
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
(FIRREA) (Pub. L. 101-73). The forms provide a standardize format to
collect the information needed.
Affected Public: Private Sector: Not-for-profit institutions;
Individual or Household.
Estimated Total Annual Burden Hours: 884.
OMB Number: 3133-0154.
Type of Review: Extension of a currently approved collection.
Title: Prompt Corrective Action, 12 CFR 702 (Subparts A-D).
Abstract: Section 216 of the Federal Credit Union Act (12 U.S.C.
1790d) mandates prompt corrective action (PCA) requirements for
federally insured credit unions (FICUs) that become less than well
capitalized. Section 216 requires the NCUA Board to (1) adopt, by
regulation, a system of prompt corrective action to restore the net
worth of inadequately capitalized FICUs; and (2) develop an alternative
system of prompt corrective action for new credit unions that carries
out the purpose of PCA while allowing an FICU reasonable time to build
its net worth to an adequately capitalized level. The purpose of PCA is
to resolve the problems of FICUs at the least possible long-term loss
to the National Credit Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 3,420.
OMB Number: 3133-0169.
Title: Purchase of Assets and Assumption of Liabilities.
Type of Review: Extension of a currently approved collection.
Abstract: In accordance with Sec. 741.8, federally insured credit
unions (FICUs) must request approval from the NCUA prior to purchasing
assets or assuming liabilities of a privately insured credit union,
other financial institution, or their successor interest. A FICU
seeking approval must submit a letter to the appropriate NCUA Regional
Director stating the nature of the transaction, and include copies of
relevant transaction documents. Relevant transaction documents may
include, but are not limited to: the credit union's financial
statements, strategic plan, and budget, inventory of the assets and
liabilities to be transferred, and any relevant contracts or agreements
regarding the transfer. NCUA will use the information to determine the
safety and soundness of the transaction and risk to the National Credit
Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 840.
OMB Number: 3133-0192.
Type of Review: Extension of a currently approved collection.
Title: Involuntary Liquidation Proof of Claim Form.
Form: NCUA Form 7250.
Abstract: In accordance with 12 CFR part 709, the NCUA is appointed
liquidating agent of a credit union when the credit union is placed
into involuntary liquidation. Section 709.6 instructs creditors to
present a written claim to the liquidating agent by the date specified
in the notice to creditors. Those creditors making a claim must
document their claim in writing and submit a form to the liquidating
agent. In addition, the liquidating agent may require a claimant to
submit supplemental evidence to support its claim. This collection of
information is necessary to protect the National Credit Union Share
Insurance Fund in determining valid claims.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 220.
By Gerard Poliquin, Secretary of the Board, the National Credit
Union Administration, on September 25, 2018.
Dated: September 25, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-21157 Filed 9-27-18; 8:45 am]
BILLING CODE 7535-01-P