[Federal Register Volume 59, Number 136 (Monday, July 18, 1994)] [Unknown Section] [Page 0] 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] ======================================================================= ----------------------------------------------------------------------- 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