[Federal Register Volume 61, Number 57 (Friday, March 22, 1996)]
[Notices]
[Pages 11897-11898]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-7024]



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NATIONAL CREDIT UNION ADMINISTRATION


Information Collection Under Review

March 22, 1996.
    The National Credit Union Administration (NCUA) has submitted the 
following public information collection requests to the Office of 
Management and Budget (OMB) for review and clearance under the 
Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). 
The proposed information collections are published to obtain comments 
from the public. Public comments are encouraged and will be accepted 
for thirty days from the date listed at the top of this page in the 
Federal Register.
    Copies of these individual information collection requests, with 
applicable supporting documentation, may be obtained by calling the 
NCUA Clearance Officer, Suzanne Beauchesne, at (703) 518-6412. Written 
comments and/or suggestions regarding the information collection 
requests listed below should be directed to Ms. Beauchesne, Office of 
Administration, National Credit Union Administration, 1775 Duke Street, 
Alexandria, VA 22314, within 30 days from the date of this publication 
in the Federal Register. Comments should also be sent to the OMB Desk 
Officer indicated below at the following address: OMB Reports 
Management Branch, New Executive Office Building, Room 10202, 
Washington, D.C. 20530. Attn: Milo Sunderhauf.

National Credit Union Administration

    OMB Number:
    Form Number: None.
    Type of Review: Existing collection in use without an OMB control 
number.
    Title: Loan Participation.
    Description: As authorized by 12 U.S.C. Sec. 1757(5)(E) and 
implemented by Section 701.22 of NCUA's Rules and

[[Page 11898]]
Regulations, federal credit unions that wish to engage in participation 
loans must establish a written loan participation policy and enter into 
a written loan participation agreement. Credit unions use the 
information to ensure that loan participation agreements are entered 
into in accordance with Board policy. NCUA uses the information during 
examinations to evaluate the safety and soundness of the Board's 
participation policy and to ensure that the participation agreements 
are in compliance with the policy.
    Respondents: Federal credit unions.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours per Response: 4 hours.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 4,000 total annual burden hours.
    Estimated Total Annual Cost: $1,000.

    OMB Number:
    Form Number: None
    Type of Review: New collection.
    Title: Organization and Operations of Federal Credit Unions.
    Description: NCUA has authorized federally insured credit unions to 
offer lending-related incentive pay plans, provided they establish 
written policies regarding such plans. 12 CFR 701.21(c)(8). NCUA 
believes written policies are necessary to ensure a plan is fully 
considered before being adopted and for the examination process. The 
information will be used by NCUA examiners in reviewing credit union 
lending policies for safety and soundness.
    Respondents: Federally insured credit unions.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours per Response: 1 hour.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 1,000 total annual burden hours.
    Estimated Total Annual Cost: $25,000.

    By the National Credit Union Administration Board on March 18, 
1996.
Becky Baker,
Secretary of the Board.
[FR Doc. 96-7024 Filed 3-21-96; 8:45 am]
BILLING CODE 7535-01-P