Submission for OMB Review; Comment Request, 50051 [2020-17819]

Download as PDF Federal Register / Vol. 85, No. 159 / Monday, August 17, 2020 / Notices 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. This is an extension of an emergency revision that incorporated a procedural change for credit unions, in qualifying for low-income designation status, to include military personnel in the lowincome designation calculation. Affected Public: Not-for-profit institutions. Estimated Total Annual Burden Hours: 443. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on August 11, 2020. Dated: August 11, 2020. Mackie I. Malaka, NCUA PRA Clearance Officer. [FR Doc. 2020–17857 Filed 8–14–20; 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 be submitting 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 on or after the date of publication of this notice. DATES: Comments should be received on or before September 16, 2020 to be assured of consideration. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. 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 SUMMARY: VerDate Sep<11>2014 17:13 Aug 14, 2020 Jkt 250001 the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: OMB Number: 3133–0154. 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). This is an extension of emergency revisions to the PCA that provide regulatory relief in response to COVID– 19. The waiver requirement for each quarterly transfer made from undivided earning to its regular reserve account until well capitalized was temporary suspended for adequately capitalized credit unions and a FICU that becomes undercapitalized may submit a significantly simpler Net Worth Restoration Plan to NCUA. Type of Review: Extension of a currently approved collection. Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 569. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on August 11, 2020. Dated: August 11, 2020. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2020–17819 Filed 8–14–20; 8:45 am] BILLING CODE 7535–01–P NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES National Endowment for the Humanities Meeting of Humanities Panel National Endowment for the Humanities; National Foundation on the Arts and the Humanities. ACTION: Notice of Meeting. AGENCY: The National Endowment for the Humanities (NEH) will hold SUMMARY: PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 50051 nineteen meetings, by videoconference, of the Humanities Panel, a federal advisory committee, during September 2020. The purpose of the meetings is for panel review, discussion, evaluation, and recommendation of applications for financial assistance under the National Foundation on the Arts and the Humanities Act of 1965. DATES: See SUPPLEMENTARY INFORMATION for meeting dates. The meetings will open at 8:30 a.m. and will adjourn by 5 p.m. on the dates specified below. FOR FURTHER INFORMATION CONTACT: Elizabeth Voyatzis, Committee Management Officer, 400 7th Street SW, Room 4060, Washington, DC 20506; (202) 606–8322; evoyatzis@neh.gov. SUPPLEMENTARY INFORMATION: Pursuant to section 10(a)(2) of the Federal Advisory Committee Act (5 U.S.C. App.), notice is hereby given of the following meetings: 1. Date: September 1, 2020 This video meeting will discuss applications on the topic of History, for the Digital Projects for the Public: Discovery Grants program, submitted to the Division of Public Programs. 2. Date: September 1, 2020 This video meeting will discuss applications on the topic of Computational Analysis, for the Digital Humanities Advancement Grants program, submitted to the Office of Digital Humanities. 3. Date: September 1, 2020 This video meeting—the first of two on this date—will discuss applications for the Humanities Initiatives at Colleges and Universities grant program, submitted to the Division of Education Programs. 4. Date: September 1, 2020 This video meeting—the second of two on this date—will discuss applications for the Humanities Initiatives at Colleges and Universities grant program, submitted to the Division of Education Programs. 5. Date: September 2, 2020 This video meeting will discuss applications on the topics of Games and VR, for the Digital Projects for the Public: Production Grants program, submitted to the Division of Public Programs. 6. Date: September 2, 2020 This video meeting will discuss applications on the topics of Arts and Media Studies, for the Digital Humanities Advancement Grants program, submitted to the Office of Digital Humanities. 7. Date: September 2, 2020 E:\FR\FM\17AUN1.SGM 17AUN1

Agencies

[Federal Register Volume 85, Number 159 (Monday, August 17, 2020)]
[Notices]
[Page 50051]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17819]


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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 be 
submitting 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 on or after the date of 
publication of this notice.

DATES: Comments should be received on or before September 16, 2020 to 
be assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

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: 3133-0154.
    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).
    This is an extension of emergency revisions to the PCA that provide 
regulatory relief in response to COVID-19. The waiver requirement for 
each quarterly transfer made from undivided earning to its regular 
reserve account until well capitalized was temporary suspended for 
adequately capitalized credit unions and a FICU that becomes 
undercapitalized may submit a significantly simpler Net Worth 
Restoration Plan to NCUA.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 569.
    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on August 11, 2020.

    Dated: August 11, 2020.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2020-17819 Filed 8-14-20; 8:45 am]
BILLING CODE 7535-01-P
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