Revisions of Agency Information Collection of a Previously Approved Collection; Request for Comments, 85327-85328 [2023-26854]

Agencies

• National Credit Union Administration

[Federal Register Volume 88, Number 234 (Thursday, December 7, 2023)]
[Notices]
[Pages 85327-85328]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26854]


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NATIONAL CREDIT UNION ADMINISTRATION


Revisions of Agency Information Collection of a Previously 
Approved Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice of submission to the Office of Management and Budget.

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SUMMARY: As required by the Paperwork Reduction Act of 1995, the 
National Credit Union Administration (NCUA) is submitting the following 
extensions and revisions of currently approved collections to the 
Office of Management and Budget (OMB) for renewal.

DATES: Written comments should be received on or before January 8, 2024 
to be assured 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 Mahala Vixamar at (703) 718-1155, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0004.
    Title: NCUA Call Report.
    Type of Review: Revision of a currently approved collection.
    Abstract: Sections 106 and 202 of the Federal Credit Union Act 
require federally insured credit unions (FICUs) to make financial 
reports to the NCUA. Section 741.6 of the NCUA Rules and Regulations 
requires all FICUs to submit a Call Report quarterly. Financial 
information collected through the Call Report is essential to NCUA 
supervision of Federal credit unions. This information also facilitates 
NCUA monitoring of other credit unions with share accounts insured by 
the National Credit Union Share Insurance Fund (NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 4,686.
    Estimated Number of Responses per Respondent: 4.
    Estimated Total Annual Responses: 18,744.
    Estimated Hours per Response: 4.
    Estimated Total Annual Burden Hours: 74,976.
    Reason for Change: Burden decreased due to the number of 
respondents decreasing.

    OMB Number: 3133-0040.
    Title: Federal Credit Union Occupancy, Planning, and Disposal of 
Acquired and Abandoned Premises--12 CFR 701.36.
    Type of Review: Revision of a currently approved collection.
    Abstract: Section 107(4) of the Federal Credit Union Act authorizes 
a Federal credit union (FCU) to purchase, hold, and dispose of property 
necessary or incidental to its operations. Section 701.36 of NCUA Rules 
and Regulations interprets and implements this provision of the FCU Act 
by establishing occupancy, planning, and disposal requirements for 
acquired and abandoned premises. It also prohibits certain 
transactions. In addition, this section includes provisions in which an 
FCU may seek a waiver from certain requirements of the rule. NCUA 
reviews written waiver requests and makes a determination on the 
request based on safety and soundness considerations.
    Affected Public: Private Sector: Not-for-profit institutions.

[[Page 85328]]

    Estimated Number of Respondents: 18.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 18.
    Estimated Hours per Response: 10.
    Estimated Total Annual Burden Hours: 180.
    Reason for Change: Burden increased due to the number of 
respondents increasing.

    OMB Number: 3133-0127.
    Title: Purchase, Sale, and Pledge of Eligible Obligations--12 CFR 
701.23.
    Type of Review: Revision of a currently approved collection.
    Abstract: Section 701.23 authorizes Federal Credit Unions to sell 
and pledge loans and purchase eligible obligations from other 
institutions.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 343.
    Estimated Number of Responses per Respondent: 79.154.
    Estimated Total Annual Responses: 27,150.
    Estimated Hours per Response: 0.40214.
    Estimated Total Annual Burden Hours: 10,918.
    Reason for Change: Burden decreased due to the number of 
respondents decreasing.

    OMB Number: 3133-0141.
    Title: Organization and Operations of Federal Credit Unions--Loan 
Participation, 12 CFR 701.22.
    Type of Review: Revision of a currently approved collection.
    Abstract: The NCUA Rules and Regulations, sections 701.22 and 
741.225, outline the requirements for a loan participation program. 
FICUs 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.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 1,887.
    Estimated Number of Responses per Respondent: 2.01695.
    Estimated Total Annual Responses: 3,806.
    Estimated Hours per Response: 0.7949.
    Estimated Total Annual Burden Hours: 3,025.
    Reason for Change: Burden decreased due to the number of 
respondents decreasing.

    OMB Number: 3133-0189.
    Title: Contractor Budget and Representations and Certifications.
    Type of Review: Extension of a previously approved collection.
    Abstract: Standardized information from prospective outside counsel 
is essential to the NCUA in carrying out its responsibility as 
regulator, conservator, and liquidating agent for federally insured 
credit unions. The information will enable the NCUA to further 
standardize the data it uses to select outside counsel, consider 
additional criteria in making its selections, and improve efficiency 
and recordkeeping related to its selection process.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 50.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 50.
    Estimated Hours per Response: 2.
    Estimated Total Annual Burden Hours: 100.
    Reason for Change: Burden decreased due to the number of 
respondents decreasing.
    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 
performance 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 the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2023-26854 Filed 12-6-23; 8:45 am]
BILLING CODE 7535-01-P