[Federal Register Volume 61, Number 118 (Tuesday, June 18, 1996)]
[Notices]
[Pages 30922-30923]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15347]



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NATIONAL CREDIT UNION ADMINISTRATION


Information Collection Under Review

    The National Credit Union Administration (NCUA) intends to submit 
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 (P.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 60 sixty 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, ((703) 518-6412). Comments 
and/or

[[Page 30923]]

suggestions regarding the information collection requests listed below 
should be directed to Ms. Beauchesne, at the National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428; Fax 
No. (703) 518-6433; E-Mail Address: [email protected] within 60 days from 
the date of this publication in the Federal Register. Comments may also 
be sent to the OMB Desk Officer at the following address: Mr. Milo 
Sunderhauf, OMB Reports Management Branch, New Executive Office 
Building, Room 10202, Washington DC 20530.

National Credit Union Administration

    OMB Number: 3133-0108.
    Form Number: None.
    Type of Review: Extension of a currently approved collection.
    Title: Report of Crime or Catastrophic Act and Bank Secrecy Act 
Compliance.
    Description: Section 748.2 of NCUA's regulations, 12 C.F.R. 
Sec. 748.2, directs credit unions to adopt a written program and to 
maintain procedures that ensure the credit union's continued compliance 
with the Bank Secrecy Act (31 U.S.C. Secs. 5311-5330) and the 
Department of Treasury's currency reporting regulations (31 C.F.R. Part 
103).
    Respondents: Federally insured credit unions.
    Estimated Number of Respondents/Recordkeepers: 11,732.
    Estimated Burden Hours Per Response: 3.02 hours.
    Frequency of Response: Annually.
    Estimated Total Annual Burden Hours: 35,436 hours.
    Estimated Total Annual Cost: None.

    OMB Number: 3133-0068.
    Form Number: None.
    Type of Review: Extension of a currently approved collection.
    Title: Nondiscrimination Requirements.
    Description: Section 701.31 of NCUA's regulations, 12 C.F.R. 
Sec. 701.31, requires federal credit unions (FCU) to maintain a copy of 
the appraisal used to support a member's real estate-related loan 
application and to make the appraisal available to the member upon 
request for 25 months. The regulation also directs FCUs that use the 
collateral's location to evaluate real estate loan applications to 
disclose that fact and to justify the practice.
    Respondents: Federal credit unions.
    Estimated Number of Respondents/Recordkeepers: 4,286.
    Estimated Burden Hours Per Response: 1 hour.
    Frequency of Response: On Occasion.
    Estimated Total Annual Burden Hours: 4,286 hours.
    Estimated Total Annual Cost: None.

    OMB Number: 3133-0121.
    Form Number: None.
    Type of Review: Extension of a currently approved collection.
    Title: Change in Official or Senior Executive Officer in Credit 
Unions that are Newly Chartered or are in Troubled Condition.
    Description: Section 701.14 of NCUA's regulations, 12 C.F.R. 
Sec. 701.14, directs newly chartered or troubled credit unions (credit 
unions with CAMEL Ratings of 4 or 5, and credit unions that have signed 
Letter of Understanding Agreements) to submit a notice to the NCUA 
before making any changes to the credit union's board of directors, 
committee members or senior executive officers. NCUA may disapprove the 
proposed management change within 30 days of receiving the notice.
    Respondents: Federally insured credit unions.
    Estimated Number of Respondents/Recordkeepers: 605.
    Estimated Burden Hours per Response: 2.
    Frequency of Response: On Occasion.
    Estimated Total Reporting Burden: 1,210 hours.
    Estimated Total Annual Cost: None.

    By the National Credit Union Administration Board on June 10, 
1996.
Becky Baker,
Secretary of the Board.
[FR Doc. 96-15347 Filed 6-17-96; 8:45 am]
BILLING CODE 7535-01-P