[Federal Register Volume 68, Number 189 (Tuesday, September 30, 2003)]
[Notices]
[Page 56336]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-24763]


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

NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Revision of a Previously Approved Information Collection; Comment 
Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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

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

DATES: Comments will be accepted until December 1, 2003.

ADDRESSES: Interested parties are invited to submit written comments to 
NCUA Clearance Officer or OMB Reviewer listed below:
    Clearance Officer: Mr. Neil McNamara, (703) 518-6447, National 
Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 
22314-3428, Fax No. (703) 518-6669, E-mail: [email protected].
    OMB Reviewer: Mr. Joseph F. Lackey, (202) 395-4741, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Copies of the information collection 
request, with applicable supporting documentation, may be obtained by 
calling the NCUA Clearance Officer, Neil McNamara, (703) 518-6447. It 
is also available on the following Web site: http://www.NCUA.gov.

SUPPLEMENTARY INFORMATION: Proposal for the following collection of 
information:
    OMB Number: 3133-0154.
    Form Number: N/A.
    Type of Review: Reinstatement, with change, of a previously 
approved collection for which approval has expired.
    Title: Prompt Corrective Action Regulation; Risk-Based Net Worth 
Requirement.
    Description: This collection merges to include the former 3133-0161 
Prompt Corrective Action Regulation. Section 216 of the Federal Credit 
Union Act, 12. U.S.C. 1790d(d) requires the NCUA Board to adopt by 
regulation a system of prompt corrective action indexed to five capital 
categories which section 216 establishes. Section 216 of the Federal 
Credit Union Act, 12. U.S.C. 1790(d) also requires the NCUA Board to 
adopt, as a separate component of its system of prompt corrective 
action, a risk-based net worth requirement to apply to credit unions 
defined as ``complex''. The regulation issued to meet this mandate 
includes mandates for collection of information in certain cases.
    Respondents: All Federally Insured Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 885.
    Estimated Burden Hours Per Response: 52.4 hours.
    Frequency of Response: Recordkeeping, reporting on occasion, 
quarterly and semi-annually.
    Estimated Total Annual Burden Hours: 48,476 hours.
    Estimated Total Annual Cost: $0.

    By the National Credit Union Administration Board on September 
24, 2003.
Becky Baker,
Secretary of the Board.
[FR Doc. 03-24763 Filed 9-29-03; 8:45 am]
BILLING CODE 7535-01-P