[Federal Register Volume 64, Number 175 (Friday, September 10, 1999)]
[Rules and Regulations]
[Pages 49079-49080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-23498]


=======================================================================
-----------------------------------------------------------------------

NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Part 795


OMB Control Numbers

AGENCY: National Credit Union Administration (NCUA).

ACTION: Final rule.

-----------------------------------------------------------------------

SUMMARY: NCUA is updating its listing displaying the Office of 
Management and Budget (OMB) control numbers for information collection 
requirements found in NCUA regulations. The Paperwork Reduction Act 
mandates NCUA to make these revisions.

DATES: Effective September 10, 1999.

ADDRESSES: National Credit Union Administration, 1775 Duke Street, 
Alexandria, Virginia 2314-3428.

FOR FURTHER INFORMATION CONTACT: Regina M. Metz, Staff Attorney, 
Division of Operations, Office of General Counsel, at the above address 
or telephone: (703) 518-6540.

SUPPLEMENTARY INFORMATION:

A. Background

    The Paperwork Reduction Act requires that agencies display a 
current OMB control number for each agency collection requirement found 
in a regulation. NCUA is revising 795.1(b) to reflect changes in NCUA's 
information collection requirements and OMB's control numbers for each 
requirement.

B. Final Rule

    The NCUA Board is issuing this regulation as a final rule because 
of the strong public interest in updating the regulation, in accordance 
with the requirements of Sec. 3507(f) of the Paperwork Reduction Act. 
The rule is effective upon publication so that the NCUA can display the 
current OMB control number for each information collection requirement 
in NCUA's regulations. Accordingly, for good cause, the Board finds 
that, pursuant to 5 U.S.C. 553(b)(3)(B), notice and public procedures 
are impracticable, unnecessary, and contrary to the public interest; 
and, pursuant to 5 U.S.C. 553(d)(3), the rule shall be effective 
immediately and without 30 days advance notice of publication.

C. Regulatory Procedures

1. Regulatory Flexibility Act

    The Regulatory Flexibility Act requires NCUA to prepare an analysis 
to describe any significant economic impact any proposed regulation may 
have on a substantial number of small entities (primarily those under 
$1 million in assets). The NCUA has determined and certifies that this 
interim rule will not have a significant economic impact on a 
substantial number of small credit unions. Accordingly, the NCUA has 
determined that a Regulatory Flexibility Analysis is not required.

2. Paperwork Reduction Act

    This proposed rule to update Sec. 795.1(b) does not involve a 
collection of information under the Paperwork Reduction Act. 
Accordingly, NCUA has determined that a Paperwork Reduction analysis is 
not required.

3. Executive Order 12612

    Executive Order 12612 requires NCUA to consider the effect of its 
actions on state interests. The final rule, as does the current rule, 
applies to all federally insured credit unions, including federally 
insured state chartered credit unions. However, since the final rule 
reduces regulatory burden, NCUA has determined that the final rule does 
not constitute a ``significant regulatory action'' for purposes of the 
Executive Order.

4. Small Business Regulatory Enforcement Fairness Act

    The Small Business Regulatory Enforcement Fairness Act of 1996 
(Pub. L. 104-121) provides generally for congressional review of agency 
rules. A reporting requirement is triggered in instances where NCUA 
issues a final rule as defined by Section 551 of the Administrative 
Procedures Act. 5 U.S.C. 551. OMB is reviewing this rule to determine 
whether it is major for purposes of the Small Business Regulatory 
Enforcement Fairness Act of 1996.

[[Page 49080]]

List of Subjects in 12 CFR Part 795

    Credit unions, Collection requirements.

    By the National Credit Union Administration Board on August 30, 
1999.
Becky Baker,
Secretary of the Board.
    For the reasons set forth above, National Credit Union 
Administration amends 12 CFR part 795 as follows:

PART 795--OMB CONTROL NUMBERS

    1. The authority citation for part 795 continues to read as 
follows:

    Authority: 12 U.S.C. 1766(a) and 5 U.S.C. 3507(f).

    2. In Sec. 795.1 paragraph (b) is revised to read as follows:


Sec. 795.1  OMB control numbers.

    (a) * * *
    (b) Display.

------------------------------------------------------------------------
                                                             Current OMB
   12 CFR part or section where identified and described     control No.
------------------------------------------------------------------------
701.1......................................................    3133-0015
701.6......................................................    3133-0142
701.12.....................................................    3133-0059
701.13.....................................................    3133-0059
701.14.....................................................    3133-0121
701.21.....................................................    3133-0139
701.22.....................................................    3133-0141
701.26.....................................................    3133-0149
701.31.....................................................    3133-0068
701.32.....................................................    3133-0114
701.33.....................................................    3133-0130
701.34.....................................................    3133-0117
703........................................................    3133-0133
704........................................................    3133-0129
704.11.....................................................    3133-0149
705........................................................    3133-0137
                                                               3133-0138
708a.......................................................    3133-0153
708b.......................................................    3133-0024
711........................................................    3133-0152
712........................................................    3133-0149
714........................................................    3133-0151
723........................................................    3133-0101
724........................................................    3133-0035
725........................................................    3133-0061
                                                               3133-0063
                                                               3133-0064
                                                               3133-0136
                                                               3133-0155
                                                               3133-0156
                                                               3133-0157
                                                               3133-0158
                                                               3133-0159
741........................................................    3133-0067
741.6......................................................    3133-0004
748........................................................    3133-0108
                                                               3133-0121
749........................................................    3133-0032
760........................................................    3133-0143
792........................................................    3133-0146
------------------------------------------------------------------------

[FR Doc. 99-23498 Filed 9-9-99; 8:45 am]
BILLING CODE 7535-01-P