[Federal Register Volume 64, Number 43 (Friday, March 5, 1999)]
[Notices]
[Pages 10727-10728]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-5403]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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SUMMARY: The NCUA is resubmitting the following extensions of currently 
approved collections to the Office of Management and Budget (OMB) for 
review and clearance under the Paperwork Reduction Act of 1995 (Public 
Law 104-13, 44 U.S.C. Chapter 35). These information collections were 
originally published on December 30, 1998. No comments were received.

DATES: Comments will be accepted until April 5, 1999.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA Clearance Officer or OMB Reviewer listed below:
    Clearance Officer: Mr. James L. Baylen (703) 518-6411, National 
Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 
22314-3428, Fax No. 703-518-6433, E-mail: [email protected].
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Copies of the information collection 
requests, with applicable supporting documentation, may be obtained by 
calling the NCUA Clearance Officer, James L. Baylen, (703) 518-6411.

SUPPLEMENTARY INFORMATION: Proposals for the following collections of 
information:
    OMB Number: 3133-0032.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Records Preservation. Part 749 of NCUA Regulations directs 
each credit union to store copies of their members' share and loan 
balances away from the credit union's premises.
    Respondents: All Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 11,127.
    Estimated Burden Hours Per Response: 2 hours.
    Frequency of Response: Quarterly.
    Estimated Total Annual Burden Hours: 22,254.
    Estimated Total Annual Cost: $1,112,700.
    OMB Number: 3133-0052.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Federal Credit Union (FCU) Membership Applications and 
Denials. Article II, section 2 of the FCU Bylaws requires persons 
applying for membership in an FCU to complete an application. The 
Federal Credit Union Act directs the FCU to provide the applicant with 
written reasons when the FCU denies a membership application.
    Respondents: All Federal Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 1,722.
    Estimated Burden Hours Per Response: 1 hour.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden Hours: 1,722.
    Estimated Total Annual Cost: N/A.
    OMB Number: 3133-0058.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Credit Committee Records. The standard Federal Credit Union 
(FCU) Bylaws require an FCU to maintain records of its loan approvals 
and denials.
    Respondents: All Federal Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 6,888.
    Estimated Burden Hours Per Response: 8 hours.
    Frequency of Response: Other. Twice a month.
    Estimated Total Annual Burden Hours: 55,104.
    Estimated Total Annual Cost: $926,298.
    OMB Number: 3133-0080.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Special Meetings of Federal Credit Union (FCU) Board. The 
standard FCU Bylaws require a written request from a majority of the 
FCU's directors to the FCU's president in order for the FCU to hold a 
special meeting of directors.
    Respondents: All Federal Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 6,888.
    Estimated Burden Hours Per Response: 2.5 hours.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden Hours: 275.6.
    Estimated Total Annual Cost: N/A.
    OMB Number: 3133-0117.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Designation of Low Income Status. Credit unions that serve 
predominantly low income members must receive a low income designation 
from NCUA before they can accept deposits from all sources.
    Respondents: Certain credit unions that serve predominantly low 
income members.
    Estimated No. of Respondents/Recordkeepers: 15.
    Estimated Burden Hours Per Response: 15 hours.
    Frequency of Response: Other. Once.
    Estimated Total Annual Burden Hours: 225.
    Estimated Total Annual Cost: $3,600.
    OMB Number: 3133-0130.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Written Reimbursement Policy. Each Federal Credit Union 
(FCU) must draft a written reimbursement policy to ensure that the FCU 
makes payments to its director within the guidelines that the FCU has 
established in advance and to enable examiners to easily verify 
compliance by comparing the policy to the actual reimbursements.
    Respondents: All Federal Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 6,897.
    Estimated Burden Hours Per Response: 1 hour.
    Frequency of Response: Other. Once and update.
    Estimated Total Annual Burden Hours: 3,462.
    Estimated Total Annual Cost: N/A.


[[Page 10728]]


    By the National Credit Union Administration Board on February 
24, 1999.
Becky Baker,
Secretary of the Board.
[FR Doc. 99-5403 Filed 3-4-99; 8:45 am]
BILLING CODE 7535-01-P