[Federal Register Volume 60, Number 27 (Thursday, February 9, 1995)] [Notices] [Page 7796] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-3276] ======================================================================= ----------------------------------------------------------------------- NATIONAL CREDIT UNION ADMINISTRATION Public Information Collection Requirement Submitted to OMB for Review Date: January 26, 1995. 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 4009, 1775 Duke Street, Alexandria, VA 22314-3428. National Credit Union Administration OMB Number: 3133-004 Form Number: NCUA 5300 and NCUA 5300S Type of Review: Reinstatement, with change, of previously approved collection. Title: Semiannual and Quarterly Financial and Statistical Report. Description: The financial and operational information collected is essential to NCUA in carrying out its responsibility for supervising federal credit unions. The information also enables NCUA to monitor federal credit unions and those credit unions, federal and state, whose share accounts are insured by the National Credit Union Share Insurance Fund (NCUSIF). Proposed changes to the 5300 Call Report are primarily in response to the increasing risks and complexity associated with today's investment environment and practices. On the Call Report Investment Schedule a new section has been added for reporting the aggregates of investments that are classified as Held-to-Maturity, Available-for- Sale, and Trading. These classifications are required for compliance with Statement of Financial Accounting Standards 115. To the Call Report balance sheet has been added a line for reporting accumulated unrealized gains (losses) on available for sale securities. Also, a new line has been added to the Investment Schedule, under the Miscellaneous section, for the amount of investment in mortgage derivative products that are defined as high risk securities per NCUA's Interpretive Ruling and Policy Statement 92-1. Respondents: All credit unions. Estimated Number of Respondents: 12,300 Estimated Burden Hours per Response: 8 hours. Frequency of Response: Quarterly and semiannually. Estimated Total Reporting Burden: 235,200 hours. Clearance Officer: Wilmer A. Theard (703) 518-6410, National Credit Union Administration, Room 4009, 1775 Duke Street, Alexandria, VA 22314-3428. OMB Reviewer: Milo Sunderhauf (202) 395-5167, Office of Management and Budget, Room 3208, New Executive Office Building, Washington, DC 20503. Becky Baker, Secretary of the NCUA Board. [FR Doc. 95-3276 Filed 2-8-95; 8:45 am] BILLING CODE 7535-01-M