[Federal Register Volume 59, Number 136 (Monday, July 18, 1994)]
[Unknown Section]
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From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17369]


[[Page Unknown]]

[Federal Register: July 18, 1994]


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NATIONAL CREDIT UNION ADMINISTRATION

 

Public Information Collection Requirement Submitted to OMB for 
Review

July 13, 1994.
    The National Credit Union Administration submitted the following 
public information collection requirement to OMB for review and 
clearance under the Paperwork Reduction Act of 1980, Pub. L. 96-511. 
Copies of the submission may be obtained by calling the NCUA Clearance 
Officer listed. Comments regarding information collections should be 
addressed to the OMB reviewer listed and to the NCUA Clearance Officer, 
NCUA, Office of Administration, Room 5107, 1775 Duke Street, 
Alexandria, VA 22314-3428.

National Credit Union Administration

OMB Number: New Collection
Form Number: None
Type of Review: Clearance of new collection required by statute and 
regulation.
Title: Truth-In-Savings--12 CFR Part 707
Description: The Truth In Savings Act of 1991 (TISA) sets forth a 
comprehensive scheme of written disclosures to be provided under 
various circumstances by credit unions to their members and potential 
members. The statute and the regulation require credit unions to 
provide specific disclosures in the following instances: upon request 
or when an account is opened (12 CFR Part 707); when a disclosure term 
changes or when certain term share accounts are close to renewal (12 
CFR 707.5); on periodic statements of account activity (12 CFR 707.6); 
and in advertisements (12 CFR 707.8). The purpose of TISA is to enable 
consumers to make informed decisions about accounts at credit unions.
Respondents: All credit unions.
Estimated Number of Respondents: 12,967
Estimated Burden Hours per Response: 1 minute.
Frequency of Response: On occasion.
Estimated Total Reporting Burden: 10,467,679 hours.
Clearance Officer: Wilmer A. Theard (703) 518-6410, National Credit 
Union Administration, Room 5107, 1775 Duke Street, Alexandria, VA 
22314-3428.
OMB Reviewer: Gary Waxman (202) 395-7340, Office of Management and 
Budget, Room 3208, New Executive Office Building, Washington, DC 20503.
Becky Baker,
Secretary of the NCUA Board.
[FR Doc. 94-17369 Filed 7-15-94; 8:45 am]
BILLING CODE 7535-01-M