[Federal Register Volume 72, Number 59 (Wednesday, March 28, 2007)]
[Notices]
[Page 14620]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-5649]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement; 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 
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 May 29, 2007.

ADDRESSES: Interested parties are invited to submit written comments to 
NCUA Clearance Officer or OMB Reviewer listed below:
    Clearance Officer: Mr. Neil McNamara, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428, Fax 
No. 703-837-2861, E-mail: [email protected].
    OMB Reviewer: NCUA Desk Officer, Office of Management and Budget, 
Room 10226, New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
a copy of the information collection request should be directed to 
Tracy Sumpter at the National Credit Union Administration, 1775 Duke 
Street, Alexandria, VA 22314-3428 or at (703) 518-6444.

SUPPLEMENTARY INFORMATION: Proposal for the following collection of 
information:
    OMB Number: 3133-0127.
    Form Number: N/A.
    Type of Review: Reinstatement, with change, of a previously 
approved collection for which approval has expired.
    Title: 12 CFR, Part 701.23 of NCUA's Rules and Regulations, 
Purchase, Sale, and Pledge of Eligible Obligations.
    Description: Section 701.23 states the requirements for the 
purchase, sale and pledge of eligible obligations. The regulation 
provides that a federal credit union (FCU) may purchase loans from any 
source if it is granting such loans on an ongoing basis and the 
purchase will facilitate the packaging of a pool of loans for sale on 
the secondary market. A pool must include a substantial portion of the 
FCU's member loans and must be sold promptly. Section 701.23(b)(2)(ii) 
requires that a written agreement and a schedule of the eligible 
obligations covered by the agreement be retained in the purchaser's 
office; as well as any advance written approval required by 741.8 for 
purchases made under 701.23 (b)(1)(ii).
    Estimated No. of Respondents/Recordkeepers: 2,500.
    Estimated Burden Hours per Response: 5 hours.
    Frequency of Response: At the time of purchase, sale, or pledge of 
an eligible obligation.
    Estimated Total Annual Burden Hours: 12,500.
    Estimated Total Annual Cost: $ 0.

    By the National Credit Union Administration Board on March 22, 
2007.
Mary Rupp,
Secretary of the Board.
 [FR Doc. E7-5649 Filed 3-27-07; 8:45 am]
BILLING CODE 7535-01-P