Submission for OMB Review; Comment Request, 59758-59759 [2021-23451]

Download as PDF 59758 Federal Register / Vol. 86, No. 206 / Thursday, October 28, 2021 / Notices notice, and to authorize the administrative law judge and the Commission, without further notice to the respondent, to find the facts to be as alleged in the complaint and this notice and to enter an initial determination and a final determination containing such findings, and may result in the issuance of an exclusion order or a cease and desist order or both directed against the respondent. By order of the Commission. Issued: October 22, 2021. Lisa Barton, Secretary to the Commission. [FR Doc. 2021–23447 Filed 10–27–21; 8:45 am] BILLING CODE 7020–02–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 extensions of currently approved 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. SUMMARY: Comments should be received on or before November 29, 2021 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 the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: OMB Number: 3133–0138. Title: Community Development Revolving Loan Fund—Loan and Grant Programs, 12 CFR part 705. Abstract: NCUA’s Community Development Revolving Loan Fund (CDRLF or Fund) was established by jspears on DSK121TN23PROD with NOTICES1 DATES: VerDate Sep<11>2014 17:34 Oct 27, 2021 Jkt 256001 Congress (Pub. L. 96–123, November 20, 1979) to stimulate economic development in low-income communities. Part 705 was adopted by the Board under section 130 of the Federal Credit Union Act (12 U.S.C. 1772c–1), which implements the Community Development Credit Union Revolving Loan Fund Transfer Act (Pub. L. 99–609, 100 Stat. 3475 (Nov. 6. 1986)). The Fund is used to support credit unions that serve low-income communities by providing loans and technical assistance grants to qualifying institutions. The programs are designed to increase income, ownership, and employment opportunities for lowincome residents, and to stimulate economic growth. In addition, the programs provide assistance to improve the quality of services to the community and formulate more effective and efficient operations of credit unions. The information will allow NCUA to assess a credit union’s capacity to repay the Funds and/or ensure that the funds are used as intended to benefit the institution and community it serves. Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 760. OMB Number: 3133–0183. Title: Golden Parachute and Indemnification Payments, 12 CFR part 750. Abstract: This rule prohibits, in certain circumstances, a federally insured credit union (FICU) from making golden parachute and indemnification payments to an institution-affiliated party (IAP). Section 750.4 prescribed written concurrence of the appropriate state supervisory authority, if applicable; § 750.5 covers recordkeeping requirements of permissible indemnification payments, and § 750.6 requires requests by a troubled FICU to make a severance or golden parachute payment to an IAP, to be submitted in writing to NCUA. The information will be used by the NCUA to determine whether an exception to the general prohibition on golden parachute payments should be approved. Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 19. OMB Number: 3133–0184. Title: Requirements for InsuranceInterest Rate Risk Policy. Abstract: Section 741.3(b)(5) of NCUA’s rules and regulations requires federally-insured credit unions with assets of more than $50 million to PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 develop, as a prerequisites for insurability of its member deposits, a written interest rate risk management policy and a program to effectively implement the policy. The need for FICU to have a written policy to establish responsibilities and procedures for identifying, measuring, monitoring, controlling, and reporting, and establishing risk limits are essential components of safe and sound credit union operations and to ensure the security of the National Credit Union Share Insurance Fund (NCUSIF). Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 773. OMB Number: 3133–0197. Title: Safe Harbor; Treatment of Financial Assets Transferred in Connection with a Securitization or Participation. Abstract: Section 709.9 clarifies the conditions for a safe harbor for securitization or participation and sets forth safe harbor protections for securitizations that do not comply with the new accounting standards for off balance sheet treatment by providing for expedited access to the financial assets that are securitized if they meet the conditions defined in the rule. The conditions contained in the rule will serve to protect the National Credit Union Share Insurance Fund (NCUSIF) and NCUA’s interests as liquidating agent or conservator by aligning the conditions for the safe harbor with better and more sustainable lending practices by insured credit unions (FICUs). Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 514. OMB Number: 3133–0198. Title: Appeals Procedures, 12 CFR 746, subpart B. Abstract: Part 746, subpart B, will govern most authorized appeals to the Board of adverse determinations made at program office levels under agency regulations that permit such an appeal. The procedures apply to federal credit unions (FCUs), federally insured, statechartered credit unions (FISCUs), or certain institution affiliated parties (IAPs) such as officers or directors when appealing an adverse agency determination under one of the rules to which part 746, subpart B, would apply. The procedures are intended to result in greater efficiency, consistency, and better understanding of the way in which matters under covered regulations may be appealed to the Board. E:\FR\FM\28OCN1.SGM 28OCN1 Federal Register / Vol. 86, No. 206 / Thursday, October 28, 2021 / Notices Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 440. OMB Number: 3133–0199. Title: Capital Planning and Stress Testing, 12 CFR part 702, subpart E. Abstract: To protect the National Credit Union Share Insurance Fund (NCUSIF) and the credit union system, the largest Federally Insured Credit Unions (FICUs) must have systems and processes to monitor and maintain their capital adequacy. The rule requires covered credit unions to develop and maintain a capital plan and submit this plan to NCUA by March 31 of each year. The rule applies to all FICUs that report $10 billion or more in assets on their March 31 Call Report. Affected Public: Private Sector: Notfor-profit institutions. Estimated Total Annual Burden Hours: 4,030. Dated: October 25, 2021. By Melane Conyers-Ausbrooks, Secretary of the Board, the National Credit Union Administration, on October 22, 2021. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2021–23451 Filed 10–27–21; 8:45 am] BILLING CODE 7535–01–P Consultation and Strengthening Nationto-Nation Relationships (https:// www.whitehouse.gov/briefing-room/ presidential-actions/2021/01/26/ memorandum-on-tribal-consultationand-strengthening-nation-to-nationrelationships/), the National Endowment for the Arts is pleased to share its Tribal Consultation Policy (https://www.arts.gov/sites/default/files/ Tribal%20Consultation%20Policy%20 NEA%202021%20Final.pdf). The policy is in keeping with the NEA draft Plan of Action for Tribal Consultation (https://www.arts.gov/ sites/default/files/NEA-TribalConsultation-Plan-of-Action4.26.21.pdf), which was informed by a tribal consultation call on April 7, 2021, and was informed by ongoing agency engagement with Native artists, organizations, and cultural leaders. A draft consultation policy was formally reviewed in consultation with tribal leaders on August 10, 2021 (summary: https://www.arts.gov/sites/default/files/ NEA-August-2021-Tribal-ConsultationSummary-9.9.21.pdf). Dated: October 22, 2021. Meghan Jugder, Support Services Specialist, Office of Administrative Services & Contracts, National Endowment for the Arts. [FR Doc. 2021–23430 Filed 10–27–21; 8:45 am] BILLING CODE 7537–01–P NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES National Endowment for the Arts NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES Tribal Consultation Policy National Endowment for the Arts National Endowment for the Arts, National Foundation on the Arts and the Humanities. ACTION: Notice. Arts Advisory Panel Meetings AGENCY: The National Endowment for the Arts (NEA) is an independent federal agency whose funding helps to support cultural programs nationwide. Established in 1965, the NEA’s budget appropriation in FY21 was $167.5 million, which is utilized in the form of project and partnership grants, special initiatives, and honorific fellowships to support arts learning, affirm and celebrate America’s rich and diverse cultural heritage, and to extend and promote equal access to the arts in every community. FOR FURTHER INFORMATION CONTACT: Clifford Murphy, Director of Folk & Traditional Arts, phone: 202–682–5726, or by email to murphyc@arts.gov or NativeArts@arts.gov. SUPPLEMENTARY INFORMATION: In response to President Biden’s January 26, 2021 Memorandum on Tribal jspears on DSK121TN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:34 Oct 27, 2021 Jkt 256001 AGENCY: National Endowment for the Arts. ACTION: Notice of meetings. Pursuant to the Federal Advisory Committee Act, as amended, notice is hereby given that 9 meetings of the Arts Advisory Panel to the National Council on the Arts will be held by teleconference or videoconference. DATES: See the SUPPLEMENTARY INFORMATION section for individual meeting times and dates. All meetings are Eastern time and ending times are approximate: ADDRESSES: National Endowment for the Arts, Constitution Center, 400 7th St. SW, Washington, DC 20506. FOR FURTHER INFORMATION CONTACT: Further information with reference to these meetings can be obtained from Ms. Sherry Hale, Office of Guidelines & Panel Operations, National Endowment for the Arts, Washington, DC 20506; hales@arts.gov, or call 202/682–5696. SUMMARY: PO 00000 Frm 00066 Fmt 4703 Sfmt 9990 59759 The closed portions of meetings are for the purpose of Panel review, discussion, evaluation, and recommendations on financial assistance under the National Foundation on the Arts and the Humanities Act of 1965, as amended, including information given in confidence to the agency. In accordance with the determination of the Chairman of September 10, 2019, these sessions will be closed to the public pursuant to subsection (c)(6) of section 552b of title 5, United States Code. The upcoming meetings are: American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 17, 2021, 1:00 p.m. to 3:00 p.m. American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 17, 2021, 2:30 p.m. to 4:30 p.m. American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 17, 2021, 3:00 p.m. to 5:00 p.m. American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 17, 2021, 3:30 p.m. to 5:30 p.m. American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 18, 2021, 1:00 p.m. to 3:00 p.m. American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 18, 2021, 2:00 p.m. to 4:00 p.m. American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 18, 2021, 2:30 p.m. to 4:30 p.m. American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 18, 2021, 3:00 p.m. to 5:00 p.m. American Rescue Plan Grants to Organizations (review of applications): This meeting will be closed. Date and time: November 18, 2021, 3:30 p.m. to 5:30 p.m. SUPPLEMENTARY INFORMATION: Dated: October 25, 2021. Sherry P. Hale, Staff Assistant, National Endowment for the Arts. [FR Doc. 2021–23452 Filed 10–27–21; 8:45 am] BILLING CODE 7537–01–P E:\FR\FM\28OCN1.SGM 28OCN1

Agencies

[Federal Register Volume 86, Number 206 (Thursday, October 28, 2021)]
[Notices]
[Pages 59758-59759]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23451]


=======================================================================
-----------------------------------------------------------------------

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 extensions of currently approved 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 November 29, 2021 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: 3133-0138.
    Title: Community Development Revolving Loan Fund--Loan and Grant 
Programs, 12 CFR part 705.
    Abstract: NCUA's Community Development Revolving Loan Fund (CDRLF 
or Fund) was established by Congress (Pub. L. 96-123, November 20, 
1979) to stimulate economic development in low-income communities. Part 
705 was adopted by the Board under section 130 of the Federal Credit 
Union Act (12 U.S.C. 1772c-1), which implements the Community 
Development Credit Union Revolving Loan Fund Transfer Act (Pub. L. 99-
609, 100 Stat. 3475 (Nov. 6. 1986)).
    The Fund is used to support credit unions that serve low-income 
communities by providing loans and technical assistance grants to 
qualifying institutions. The programs are designed to increase income, 
ownership, and employment opportunities for low-income residents, and 
to stimulate economic growth. In addition, the programs provide 
assistance to improve the quality of services to the community and 
formulate more effective and efficient operations of credit unions. The 
information will allow NCUA to assess a credit union's capacity to 
repay the Funds and/or ensure that the funds are used as intended to 
benefit the institution and community it serves.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 760.

    OMB Number: 3133-0183.
    Title: Golden Parachute and Indemnification Payments, 12 CFR part 
750.
    Abstract: This rule prohibits, in certain circumstances, a 
federally insured credit union (FICU) from making golden parachute and 
indemnification payments to an institution-affiliated party (IAP). 
Section 750.4 prescribed written concurrence of the appropriate state 
supervisory authority, if applicable; Sec.  750.5 covers recordkeeping 
requirements of permissible indemnification payments, and Sec.  750.6 
requires requests by a troubled FICU to make a severance or golden 
parachute payment to an IAP, to be submitted in writing to NCUA. The 
information will be used by the NCUA to determine whether an exception 
to the general prohibition on golden parachute payments should be 
approved.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 19.

    OMB Number: 3133-0184.
    Title: Requirements for Insurance-Interest Rate Risk Policy.
    Abstract: Section 741.3(b)(5) of NCUA's rules and regulations 
requires federally-insured credit unions with assets of more than $50 
million to develop, as a prerequisites for insurability of its member 
deposits, a written interest rate risk management policy and a program 
to effectively implement the policy. The need for FICU to have a 
written policy to establish responsibilities and procedures for 
identifying, measuring, monitoring, controlling, and reporting, and 
establishing risk limits are essential components of safe and sound 
credit union operations and to ensure the security of the National 
Credit Union Share Insurance Fund (NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 773.

    OMB Number: 3133-0197.
    Title: Safe Harbor; Treatment of Financial Assets Transferred in 
Connection with a Securitization or Participation.
    Abstract: Section 709.9 clarifies the conditions for a safe harbor 
for securitization or participation and sets forth safe harbor 
protections for securitizations that do not comply with the new 
accounting standards for off balance sheet treatment by providing for 
expedited access to the financial assets that are securitized if they 
meet the conditions defined in the rule. The conditions contained in 
the rule will serve to protect the National Credit Union Share 
Insurance Fund (NCUSIF) and NCUA's interests as liquidating agent or 
conservator by aligning the conditions for the safe harbor with better 
and more sustainable lending practices by insured credit unions 
(FICUs).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 514.

    OMB Number: 3133-0198.
    Title: Appeals Procedures, 12 CFR 746, subpart B.
    Abstract: Part 746, subpart B, will govern most authorized appeals 
to the Board of adverse determinations made at program office levels 
under agency regulations that permit such an appeal. The procedures 
apply to federal credit unions (FCUs), federally insured, state-
chartered credit unions (FISCUs), or certain institution affiliated 
parties (IAPs) such as officers or directors when appealing an adverse 
agency determination under one of the rules to which part 746, subpart 
B, would apply. The procedures are intended to result in greater 
efficiency, consistency, and better understanding of the way in which 
matters under covered regulations may be appealed to the Board.

[[Page 59759]]

    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 440.

    OMB Number: 3133-0199.
    Title: Capital Planning and Stress Testing, 12 CFR part 702, 
subpart E.
    Abstract: To protect the National Credit Union Share Insurance Fund 
(NCUSIF) and the credit union system, the largest Federally Insured 
Credit Unions (FICUs) must have systems and processes to monitor and 
maintain their capital adequacy. The rule requires covered credit 
unions to develop and maintain a capital plan and submit this plan to 
NCUA by March 31 of each year. The rule applies to all FICUs that 
report $10 billion or more in assets on their March 31 Call Report.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 4,030.


    Dated: October 25, 2021.

    By Melane Conyers-Ausbrooks, Secretary of the Board, the 
National Credit Union Administration, on October 22, 2021.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2021-23451 Filed 10-27-21; 8:45 am]
BILLING CODE 7535-01-P
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