[Federal Register Volume 69, Number 51 (Tuesday, March 16, 2004)]
[Rules and Regulations]
[Pages 12265-12267]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-5902]


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NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Part 795


OMB Control Numbers

AGENCY: National Credit Union Administration (NCUA).

ACTION: Final rule.

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SUMMARY: NCUA is updating its listing of regulations and their 
corresponding Office of Management and Budget (OMB) control numbers to 
comply with Paperwork Reduction Act requirements.

DATES: Effective March 16, 2004.

ADDRESSES: National Credit Union Administration, 1775 Duke Street, 
Alexandria, Virginia 22314-3428.

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:

[[Page 12266]]

A. Background

    NCUA is amending its regulation on OMB control numbers to reflect 
changes in NCUA's information collection requirements and related OMB's 
control numbers occurring since NCUA last revised the display table. 12 
CFR 795.1; 64 FR 49080, Sept. 10, 1999. NCUA displays the control 
numbers to comply with the Paperwork Reduction Act of 1995, 44 U.S.C. 
Chapter 35, and OMB's implementing regulation, 5 CFR part 1320.
    The regulation conforms with OMB's recommendation that agencies 
issuing regulations that contain information collections display the 
related control numbers in a table in the CFR. 5 CFR 1320.3(f)(3) and 
1320.5(b)(2)(ii)(C). The table identifies those NCUA regulations with 
their corresponding OMB control numbers but excludes, as recommended by 
OMB, OMB control numbers already displayed in NCUA's forms, 
questionnaires, instructions, and other written collections of 
information. 12 CFR 795.1(b); 5 CFR 1320.3(f).

B. Final Rule

    The NCUA Board is issuing the amendments to Sec.  795.1 as a final 
rule because the publication of the OMB numbers in a display table 
provides information to the public in a recommended format. Therefore, 
public comment and a delayed effective date are both unnecessary. If 
the rule is effective upon publication, then NCUA can immediately 
display the updated table. Accordingly, for good cause, the Board finds 
that, under 5 U.S.C. 553(b)(3)(B), notice and public procedures are 
impracticable, unnecessary, and contrary to the public interest; and, 
under 5 U.S.C. 553(d)(3), the rule will be effective immediately and 
without 30 days advanced notice of publication.

C. Regulatory Procedures

Regulatory Flexibility Act

    The Regulatory Flexibility Act requires NCUA to prepare an analysis 
to describe any significant economic impact a rule may have on a 
substantial number of small entities, primarily those under one million 
dollars in assets. The final rule will not have a significant economic 
impact on a substantial number of small credit unions, and therefore, a 
regulatory flexibility analysis is not required.

Paperwork Reduction Act

    NCUA has determined that the final rule would not increase 
paperwork requirements under the Paperwork Reduction Act of 1995 and 
regulations of the Office of Management and Budget.

Executive Order 13132

    Executive Order 13132 encourages independent regulatory agencies to 
consider the impact of their actions on state and local interests. In 
adherence to fundamental federalism principles, NCUA, an independent 
regulatory agency as defined in 44 U.S.C. 3502(5), voluntarily complies 
with the executive order. This final rule would not have substantial 
direct effects on the states, on the relationship between the national 
government and the states, or on the distribution of power and 
responsibilities among the various levels of government. NCUA has 
determined that this final rule does not constitute a policy that has 
federalism implications for purposes of the executive order.

The Treasury and General Government Appropriations Act, 1999--
Assessment of Federal Regulations and Policies on Families

    The NCUA has determined that this final rule will not affect family 
well-being within the meaning of section 654 of the Treasury and 
General Government Appropriations Act, 1999, Pub. L. 105-277, 112 Stat. 
2681 (1998).

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.

List of Subjects in 12 CFR Part 795

    Credit unions, Collection requirements.

    By the National Credit Union Administration Board on March 5, 
2004.
Becky Baker,
Secretary of the Board.

0
For the reasons set forth above, National Credit Union Administration 
amends 12 CFR part 795 as follows:

PART 795--OMB CONTROL NUMBERS

0
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).

0
2. In Sec.  795.1, paragraphs (a) and (b) are revised to read as 
follows:


Sec.  795.1  OMB control numbers.

    (a) Purpose. This subpart collects and displays the control numbers 
assigned to NCUA's information collection requirements by the Office of 
Management and Budget (OMB) under the Paperwork Reduction Act of 1995, 
44 U.S.C. Chapter 35. NCUA intends to comply with the requirement that 
agencies display a current OMB control number upon the collection of 
information. 44 U.S.C. 3507(a)(3). The table does not include the 
currently valid OMB control numbers already on display in NCUA's forms, 
questionnaires, instructions, and other written collections of 
information. 5 CFR 1320.3(f).
    (b) Display.

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                                                           Current OMB
 12 CFR part or section where identified and described     control No.
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701.1.................................................         3133-0015
701.14................................................         3133-0121
701.21................................................         3133-0139
                                                               3133-0058
701.22................................................         3133-0141
701.23................................................         3133-0127
701.26................................................         3133-0149
701.31................................................         3133-0068
701.32................................................         3133-0114
                                                               3133-0117
701.33................................................         3133-0130
701.34................................................         3133-0140
701.36................................................         3133-0040

[[Page 12267]]

 
702...................................................         3133-0154
703...................................................         3133-0133
704...................................................         3133-0129
706...................................................         3133-0165
707...................................................         3133-0134
708a..................................................         3133-0153
708b..................................................         3133-0024
                                                               3133-0099
711...................................................         3133-0152
712...................................................         3133-0149
714...................................................         3133-0151
716...................................................         3133-0163
722...................................................         3133-0125
723...................................................         3133-0101
740.2.................................................         3133-0098
740.3.................................................         3133-0149
741...................................................         3133-0099
                                                               3133-0142
                                                               3133-0163
748...................................................         3133-0033
                                                               3133-0108
749...................................................         3133-0032
                                                               3133-0057
                                                               3133-0058
                                                               3133-0059
                                                               3133-0080
760...................................................         3133-0143
792...................................................         3133-0146
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[FR Doc. 04-5902 Filed 3-15-04; 8:45 am]
BILLING CODE 7535-01-P