[Federal Register Volume 64, Number 82 (Thursday, April 29, 1999)]
[Notices]
[Pages 23126-23127]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-10648]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Revision to a Currently Approved Information Collections; Comment 
Request.

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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SUMMARY: The NCUA intends to submit the following information 
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 collection are published to 
obtain comments from the public.

DATES: Comments will be accepted until June 28, 1999.

ADDRESSES: Interested parties are invited to submit written comments to 
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: Proposal for the following collection of 
information:

    OMB Number: 3133-0143.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: 12 C.F.R. 760 Loans in Areas Having Special Flood Hazards.
    Description: Federally insured credit unions are required by 
statute and by proposed 12 CFR Part 760 to file reports, make certain 
disclosures and keep records. Borrowers use this information to make 
valid purchase decisions. The NCUA uses the records to verify 
compliance.
    Respondents: All federal credit unions.
    Estimated No. of Respondents/Recordkeepers: 5,500.
    Estimated Burden Hours Per Response: 7 minutes.
    Frequency of Response: Recordkeeping and on occasion.
    Estimated Total Annual Burden Hours: 101,333.
    Estimated Total Annual Cost: N/A.

    OMB Number: 3133-0121.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: 12 C.F.R. 701.14 Notice of Change of Officials and Senior 
Executive Officers.
    Description: The regulation directs newly chartered and troubled 
credit unions to provide NCUA with 30 days notice before making a 
management change.
    Respondents: Troubled and newly chartered credit unions.
    Estimated No. of Respondents/Recordkeepers: 534.
    Estimated Burden Hours Per Response: 2 hours.
    Frequency of Response: Reporting and on occassion.
    Estimated Total Annual Burden Hours: 1,068.
    Estimated Total Annual Cost: N/A.

    OMB Number: 3133-0108.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: 12 C.F.R. 748.2 Monitoring Bank Secrecy Act Compliance.
    Description: The collection is needed to allow NCUA to determine 
whether credit unions have established a program reasonably designed to 
assure and monitor their compliance with currency recordkeeping and 
reporting requirements established by Federal statute and Department of 
the Treasury regulations.

[[Page 23127]]

    Respondents: Federally insured credit unions.
    Estimated No. of Respondents/Recordkeepers: 11,127.
    Estimated Burden Hours Per Response: 3 hours.
    Frequency of Response: Recordkeeping.
    Estimated Total Annual Burden Hours: 33, 477.
    Estimated Total Annual Cost: N/A.

    OMB Number: 3133-0068.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: 12 C.F.R. 701.31 Non Discrimination Policy.
    Description: This regulation requires a federal credit union (FCU) 
to keep a copy of the property appraisal. It also requires that a FCU 
using geographical factors in evaluating real estate loan applications 
must disclose such facts on the appraisal and state for justification. 
This regulation insures compliance with the Fair Housing anti-redlining 
requirements.
    Respondents: Federally credit unions.
    Estimated No. of Respondents/Recordkeepers: 4,000.
    Estimated Burden Hours Per Response: 1 hours.
    Frequency of Response: Recordkeeping on occasion.
    Estimated Total Annual Burden Hours: 4,000.
    Estimated Total Annual Cost: N/A.

    OMB Number: 3133-0142.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: 12 C.F.R 741.6(c) Requirements for Insurance.
    Description: Credit Unions that submit late or inaccurate call 
reports are required to submit a proposal that describes how it will 
avoid another late or inaccurate report.
    Respondents: Federally insured credit unions.
    Estimated No. of Respondents/Recordkeepers: 630.
    Estimated Burden Hours Per Response: 2 hours.
    Frequency of Response: Reporting and on occasion.
    Estimated Total Annual Burden Hours: 1,260.
    Estimated Total Annual Cost: $21,186.60.

    By the National Credit Union Administration Board on April 22, 
1999.
Becky Baker,
Secretary of the Board.
[FR Doc. 99-10648 Filed 4-28-99; 8:45 am]
BILLING CODE 7535-01-U