Agency Information Collection Activities: Proposed Collection; Comment Request, 35443-35444 [2020-12569]
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Federal Register / Vol. 85, No. 112 / Wednesday, June 10, 2020 / Notices
meeting number on June 24 is 904 887
045, password is Apac0620#.
The agenda for the meeting includes
the following topics:
—Astrophysics Division Update
—Updates on Specific Astrophysics
Missions
—Reports from the Program Analysis
Groups
—Reports from Specific Research &
Analysis Programs
The agenda will be posted on the
Astrophysics Advisory Committee web
page: https://science.nasa.gov/
researchers/nac/science-advisorycommittees/apac.
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. 2020–12534 Filed 6–9–20; 8:45 am]
BILLING CODE 7510–13–P
NATIONAL CREDIT UNION
ADMINISTRATION
Agency Information Collection
Activities: Proposed Collection;
Comment Request; Designation of Low
Income Status
National Credit Union
Administration (NCUA).
ACTION: Notice and request for comment.
AGENCY:
The National Credit Union
Administration (NCUA), as part of a
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on the following
extension of a currently approved
collection, as required by the Paperwork
Reduction Act of 1995.
DATES: Written comments should be
received on or before August 10, 2020
to be assured consideration.
ADDRESSES: Interested persons are
invited to submit written comments on
the information collection to Mackie
Malaka, National Credit Union
Administration, 1775 Duke Street, Suite
6018, Alexandria, Virginia 22314; Fax
No. 703–519–8579; or email at
PRAComments@NCUA.gov. Given the
limited in-house staff because of the
COVID–19 pandemic, email comments
are preferred.
FOR FURTHER INFORMATION CONTACT:
Address requests for additional
information to Mackie Malaka at the
address above or telephone 703–548–
2704.
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SUMMARY:
VerDate Sep<11>2014
17:06 Jun 09, 2020
Jkt 250001
SUPPLEMENTARY INFORMATION:
OMB Number: 3133–0117.
Title: Designation of Low Income
Status, 12 CFR part 701.34(a).
Type of Review: Extension of a
currently approved collection.
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: Notfor-profit institutions.
Estimated No. of Respondents: 287.
Estimated No. of Responses per
Respondent: 1.
Estimated Total Annual Responses:
287.
Estimated Burden Hours per
Response: 1.
Estimated Total Annual Burden
Hours: 443.
Reason for Change: The Office of
Management and Budget (OMB)
approved a procedural change for credit
unions, in qualifying for low-income
designation status, to include military
personnel in the low-income
designation calculation. The revision to
the information collection requirements
was approved as an emergency in
accordance with 5 CFR 1320.13 and is
set to expire November 30, 2020. This
revision gave more credit unions access
to congressionally appropriated COVID–
19 stimulus and loan programs
Request for Comments: Comments
submitted in response to this notice will
be summarized and included in the
request for OMB 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
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Fmt 4703
Sfmt 4703
35443
automated collection techniques or
other forms of information technology.
By Gerard Poliquin, Secretary of the
Board, the National Credit Union
Administration, on June 5, 2020.
Dated: June 5, 2020.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2020–12568 Filed 6–9–20; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL CREDIT UNION
ADMINISTRATION
Agency Information Collection
Activities: Proposed Collection;
Comment Request
National Credit Union
Administration (NCUA).
ACTION: Notice and request for comment.
AGENCY:
The National Credit Union
Administration (NCUA), as part of a
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to comment on the following
extension of a currently approved
collection, as required by the Paperwork
Reduction Act of 1995. The Office of
Management and Budget (OMB) had
granted emergency approval for
revisions to the information collections
requirements affected by NCUA’s
temporary final rule, ‘‘Regulatory Relief
in Response to COVID–19,’’ published
April 21, 2020, at 85 FR 22010, in
accordance with 5 CFR 1320.13. This
OMB approval is set to expire October
31, 2020.
DATES: Written comments should be
received on or before August 10, 2020
to be assured consideration.
ADDRESSES: Interested persons are
invited to submit written comments on
the information collection to Mackie
Malaka, National Credit Union
Administration, 1775 Duke Street, Suite
6018, Alexandria, Virginia 22314; Fax
No. 703–519–8579; or email at
PRAComments@NCUA.gov. Given the
limited in-house staff because of the
COVID–19 pandemic, email comments
are preferred.
FOR FURTHER INFORMATION CONTACT:
Address requests for additional
information to Mackie Malaka at the
address above or telephone 703–548–
2704.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133–0141.
Title: Organization and Operation of
Federal Credit Unions—Loan
Participations, 12 CFR 701.22.
Abstract: NCUA rules and regulations,
§§ 701.22 and 741.225, outline the
SUMMARY:
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jbell on DSKJLSW7X2PROD with NOTICES
35444
Federal Register / Vol. 85, No. 112 / Wednesday, June 10, 2020 / Notices
requirements for a loan participation
program. Federally insured credit
unions (FICU) are required to execute a
written loan participation agreement
with the lead lender. Additionally, the
rule requires all FICUs to maintain a
loan participation policy that
establishes underwriting standards and
maximum concentration limits. Credit
unions may apply for waivers on certain
key provisions of the rule. NCUA
reviews the loan participation policies
and through these reviews determine
whether the credit union is engaging in
a safe and sound loan participation
program.
Type of Review: Extension of a
currently approved collection.
Affected Public: Private sector: notfor-profit institutions.
Estimated No. of Respondents: 1,898.
Estimated No. of Responses per
Respondent: 2.
Estimated Total of Annual Responses:
3,806.
Estimated Burden Hours per
Response: 0.79.
Estimated Total Annual Burden
Hours: 3,025.
Reason for Change: Section 701.22
was amended to temporarily raising the
maximum aggregate amount of loan
participation that a FICU may purchase
from a single originating lender to the
greater of $5,000,000 or 200 percent of
the FICU’s net worth. These temporary
modifications will be in place until
December 31, 2020, unless extended.
It is anticipated that there will be no
increase in the number of credit unions
currently participating. It is estimated
that these credit unions may see a slight
increase in the number of loan
participation agreements. The
recordkeeping requirement to retain and
maintain a copy of the agreement is
minimal, and would not impact the
recordkeeping burden. Because of the
net worth increase, NCUA estimates that
the waiver request on the limits will be
reduced by 50 percent, for an estimated
reduction of 20 burden hours.
OMB Number: 3133–0127.
Title: Purchase, Sale and Pledge of
Eligible Obligations, 12 CFR 701.23.
Abstract: The Federal Credit Union
Act limits the amount of eligible
obligations a federal credit union (FCU)
is permitted to purchase, sell, pledge,
discount, receive or dispose of under
Section 107(13), 12 U.S.C. 107. NCUA’s
rules and regulations further govern this
limitation by prescribing additional
requirements under § 701.23. The
various information collections are in
place to ensure a FCU’s activities related
to the purchase, sale, and pledge of
eligible obligations comply with
VerDate Sep<11>2014
17:06 Jun 09, 2020
Jkt 250001
applicable laws and are conducted in a
safe and sound manner.
Type of Review: Extension of a
currently approved collection.
Affected Public: Private sector: notfor-profit institutions.
Estimated No. of Respondents: 1,097.
Estimated No. of Responses per
Respondent: 44.
Estimated Total of Annual Responses:
48,403.
Estimated Burden Hours per
Response: 3.79
Estimated Total Annual Burden
Hours: 12,748.
Reason for Change: Section 701.23
was amended to temporarily suspend
limitations on the eligible obligations
that a FCU may purchase and hold.
These temporary modifications will be
in place until December 31, 2020, unless
extended.
NCUA estimates a minimal increase
in the number of respondents from the
suspension of the limitations and in the
number of agreements. The
recordkeeping requirement to retain and
maintain these records would increase
based on this estimate. Due to the
expanded authority, waivers would not
be necessary and appeals to the waivers
are null during this period. An
estimated increase of 2,208 burden
hours is due to this change.
OMB Number: 3133–0040.
Title: Federal Credit Union
Occupancy, Planning, and Disposal of
Acquired and Abandoned Premises, 12
CFR 701.36.
Abstract: The Federal Credit Union
Act authorizes an FCU to purchase,
hold, and dispose of property necessary
or incidental to its operations under
Section 107(4). NCUA Rules and
Regulations implements this statute by
including three parts to the information
collection associated with the rule:
Waiver of requirement for partial
occupation, waiver of requirement to
dispose of abandoned property and
waiver of prohibited transactions.
NCUA responds to the waivers by either
granting or denying the request, or
otherwise compromising to meet the
needs of the credit union without
raising safety and soundness concerns.
Type of Review: Extension of a
currently approved collection.
Affected Public: Private sector: notfor-profit institutions.
Estimated No. of Respondents: 3.
Estimated No. of Responses per
Respondent: 1.
Estimated Total of Annual Responses:
3.
Estimated Burden Hours per
Response: 10.
Estimated Total Annual Burden
Hours: 30.
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Fmt 4703
Sfmt 4703
Reason for Change: Section 701.36
was amended by temporarily tolling the
required timeframes for the occupancy
or disposition of properties not being
used for FCU business or that have been
abandoned. These temporary
modifications will be in place until
December 31, 2020, unless extended.
The temporary rule will suspend the
time limit assigned to partial
occupancy, disposal of abandoned
property, and advertisement of the sale
of abandoned property, that falls on the
date of the publication of the rule
through December 31, 2020; not to begin
until January 1, 2021. The suspension of
time requirements will eliminate the
need for a waiver during this period for
a reduction of 325 burden hours.
Request for Comments: Comments
submitted in response to this notice will
be summarized and included in the
request for OMB 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 5, 2020.
Dated: June 5, 2020.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2020–12569 Filed 6–9–20; 8:45 am]
BILLING CODE 7535–01–P
NEIGHBORHOOD REINVESTMENT
CORPORATION
Sunshine Act Meetings; Annual Board
of Directors Meeting
2:00 p.m., Thursday,
June 18, 2020.
PLACE: Via Conference Call.
STATUS: Open (with the exception of
Executive Session).
MATTERS TO BE CONSIDERED: The General
Counsel of the Corporation has certified
that in his opinion, one or more of the
exemptions set forth in 5 U.S.C. 552
TIME AND DATE:
E:\FR\FM\10JNN1.SGM
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]]>Agencies
[Federal Register Volume 85, Number 112 (Wednesday, June 10, 2020)]
[Notices]
[Pages 35443-35444]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12569]
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The National Credit Union Administration (NCUA), as part of a
continuing effort to reduce paperwork and respondent burden, invites
the general public and other Federal agencies to comment on the
following extension of a currently approved collection, as required by
the Paperwork Reduction Act of 1995. The Office of Management and
Budget (OMB) had granted emergency approval for revisions to the
information collections requirements affected by NCUA's temporary final
rule, ``Regulatory Relief in Response to COVID-19,'' published April
21, 2020, at 85 FR 22010, in accordance with 5 CFR 1320.13. This OMB
approval is set to expire October 31, 2020.
DATES: Written comments should be received on or before August 10, 2020
to be assured consideration.
ADDRESSES: Interested persons are invited to submit written comments on
the information collection to Mackie Malaka, National Credit Union
Administration, 1775 Duke Street, Suite 6018, Alexandria, Virginia
22314; Fax No. 703-519-8579; or email at [email protected]. Given
the limited in-house staff because of the COVID-19 pandemic, email
comments are preferred.
FOR FURTHER INFORMATION CONTACT: Address requests for additional
information to Mackie Malaka at the address above or telephone 703-548-
2704.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0141.
Title: Organization and Operation of Federal Credit Unions--Loan
Participations, 12 CFR 701.22.
Abstract: NCUA rules and regulations, Sec. Sec. 701.22 and
741.225, outline the
[[Page 35444]]
requirements for a loan participation program. Federally insured credit
unions (FICU) are required to execute a written loan participation
agreement with the lead lender. Additionally, the rule requires all
FICUs to maintain a loan participation policy that establishes
underwriting standards and maximum concentration limits. Credit unions
may apply for waivers on certain key provisions of the rule. NCUA
reviews the loan participation policies and through these reviews
determine whether the credit union is engaging in a safe and sound loan
participation program.
Type of Review: Extension of a currently approved collection.
Affected Public: Private sector: not-for-profit institutions.
Estimated No. of Respondents: 1,898.
Estimated No. of Responses per Respondent: 2.
Estimated Total of Annual Responses: 3,806.
Estimated Burden Hours per Response: 0.79.
Estimated Total Annual Burden Hours: 3,025.
Reason for Change: Section 701.22 was amended to temporarily
raising the maximum aggregate amount of loan participation that a FICU
may purchase from a single originating lender to the greater of
$5,000,000 or 200 percent of the FICU's net worth. These temporary
modifications will be in place until December 31, 2020, unless
extended.
It is anticipated that there will be no increase in the number of
credit unions currently participating. It is estimated that these
credit unions may see a slight increase in the number of loan
participation agreements. The recordkeeping requirement to retain and
maintain a copy of the agreement is minimal, and would not impact the
recordkeeping burden. Because of the net worth increase, NCUA estimates
that the waiver request on the limits will be reduced by 50 percent,
for an estimated reduction of 20 burden hours.
OMB Number: 3133-0127.
Title: Purchase, Sale and Pledge of Eligible Obligations, 12 CFR
701.23.
Abstract: The Federal Credit Union Act limits the amount of
eligible obligations a federal credit union (FCU) is permitted to
purchase, sell, pledge, discount, receive or dispose of under Section
107(13), 12 U.S.C. 107. NCUA's rules and regulations further govern
this limitation by prescribing additional requirements under Sec.
701.23. The various information collections are in place to ensure a
FCU's activities related to the purchase, sale, and pledge of eligible
obligations comply with applicable laws and are conducted in a safe and
sound manner.
Type of Review: Extension of a currently approved collection.
Affected Public: Private sector: not-for-profit institutions.
Estimated No. of Respondents: 1,097.
Estimated No. of Responses per Respondent: 44.
Estimated Total of Annual Responses: 48,403.
Estimated Burden Hours per Response: 3.79
Estimated Total Annual Burden Hours: 12,748.
Reason for Change: Section 701.23 was amended to temporarily
suspend limitations on the eligible obligations that a FCU may purchase
and hold. These temporary modifications will be in place until December
31, 2020, unless extended.
NCUA estimates a minimal increase in the number of respondents from
the suspension of the limitations and in the number of agreements. The
recordkeeping requirement to retain and maintain these records would
increase based on this estimate. Due to the expanded authority, waivers
would not be necessary and appeals to the waivers are null during this
period. An estimated increase of 2,208 burden hours is due to this
change.
OMB Number: 3133-0040.
Title: Federal Credit Union Occupancy, Planning, and Disposal of
Acquired and Abandoned Premises, 12 CFR 701.36.
Abstract: The Federal Credit Union Act authorizes an FCU to
purchase, hold, and dispose of property necessary or incidental to its
operations under Section 107(4). NCUA Rules and Regulations implements
this statute by including three parts to the information collection
associated with the rule: Waiver of requirement for partial occupation,
waiver of requirement to dispose of abandoned property and waiver of
prohibited transactions. NCUA responds to the waivers by either
granting or denying the request, or otherwise compromising to meet the
needs of the credit union without raising safety and soundness
concerns.
Type of Review: Extension of a currently approved collection.
Affected Public: Private sector: not-for-profit institutions.
Estimated No. of Respondents: 3.
Estimated No. of Responses per Respondent: 1.
Estimated Total of Annual Responses: 3.
Estimated Burden Hours per Response: 10.
Estimated Total Annual Burden Hours: 30.
Reason for Change: Section 701.36 was amended by temporarily
tolling the required timeframes for the occupancy or disposition of
properties not being used for FCU business or that have been abandoned.
These temporary modifications will be in place until December 31, 2020,
unless extended.
The temporary rule will suspend the time limit assigned to partial
occupancy, disposal of abandoned property, and advertisement of the
sale of abandoned property, that falls on the date of the publication
of the rule through December 31, 2020; not to begin until January 1,
2021. The suspension of time requirements will eliminate the need for a
waiver during this period for a reduction of 325 burden hours.
Request for Comments: Comments submitted in response to this notice
will be summarized and included in the request for OMB 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 5, 2020.
Dated: June 5, 2020.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2020-12569 Filed 6-9-20; 8:45 am]
BILLING CODE 7535-01-P
