[Federal Register Volume 78, Number 163 (Thursday, August 22, 2013)]
[Notices]
[Pages 52216-52217]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20478]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, With Change, of a Previously Approved Collection; 
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 related to NCUA's 
Chartering and Field of Membership Manual (Chartering Manual) and is 
being published to obtain comments from the public. The Chartering 
Manual establishes requirements for organizing and amending a federal 
credit union (FCU) charter and field of membership (or FOM).

DATES: Comments will be accepted until October 21, 2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA Contact and OMB Reviewer listed below:

NCUA Contact: Tracy Crews, National Credit Union Administration, 1775 
Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-2861, 
Email: [email protected].
OMB Contact: Office of Management and Budget, ATTN: Desk Officer for 
the National Credit Union Administration, Office of Information and 
Regulatory Affairs, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information, a 
copy of the information collection request, or a copy of submitted 
comments should be directed to Tracy Crews, NCUA, 1775 Duke Street, 
Alexandria, VA 22314-3428, or at (703) 518-6444. Requests for 
additional information about the Chartering Manual should be directed 
to Susan Ryan, NCUA Consumer Access Analyst, at the same address, in 
the NCUA Office

[[Page 52217]]

of Consumer Protection, Division of Consumer Access, (703) 518- 1150, 
[email protected].

SUPPLEMENTARY INFORMATION: 

I. Abstract and Request for Comments

    The FCU Act establishes the rules for FCU chartering and field of 
membership. 12 U.S.C. 1753(5), 1754, 1759. The NCUA Board, after 
consideration of public comment, incorporated the Chartering Manual 
into NCUA's regulations at 12 CFR 701.1, and Appendix B to part 701, in 
2008. 73 FR 73392, Dec. 2, 2008. NCUA most recently issued for public 
comment and amended the Chartering Manual in 2013. 78 FR 13460, Feb. 
28, 2013.
    NCUA is issuing this notice and request for comment on the 
reinstatement and amendment of the previously approved information 
collection PRA number related to the Chartering Manual, 3133-0015. 
Staff has incorporated into this collection other previously proposed, 
expired or combined information collections also related to the 
Chartering Manual, including 3133-0116 and 3133-0178. The collections 
are not new and the estimated amount of burden hours is based on NCUA's 
experience with this regulation and the current number of CUs. The 
amount is generally decreasing as a result of technology and the 
continuing trend of annual decreases in the number of CUs.
    NCUA staff reviewed each of the four chapters and appendices of the 
Chartering Manual to identify all current information collection 
requirements. The four chapters are: One, FCU chartering; two, field of 
membership requirements for FCUs; three, low-income CUs and CUs serving 
underserved areas; and four, charter conversions; as well as related 
appendices. NCUA uses the information it collects pursuant to the 
Chartering Manual to regulate CUs' compliance with the FCU Act and NCUA 
regulations and to protect the safety and soundness of CUs and the 
National Credit Union Share Insurance Fund.
    As a preliminary matter, those persons choosing to organize a new 
FCU must comply with certain information collection requirements upon 
starting the FCU outlined in this Chartering Manual. Over the past 
three years, organizers have established an average of approximately 
two new FCUs each year. We estimate each new FCU must spend 
approximately 160 hours to initially comply with the Chartering 
Manual's information collection requirements (ICR), for a total annual 
collection of 320 hours.
    For current FCUs, NCUA staff also reviewed each chapter and 
appendices to the Chartering Manual to estimate current annual burden 
hours for CUs attached to each ICR. We have listed these estimates 
below in the Data section.
    NCUA does not believe that CUs will incur any additional labor 
costs as a result of the Chartering Manual requirements since these are 
in accordance with the CUs' usual and customary business practices. The 
Chartering Manual addresses integral parts of a CU's operation as a 
member-owned, not-for-profit financial cooperative. Since a CU could 
not operate as a chartered and insured credit union without complying 
with these collections, there is no additional labor cost burden.
    The NCUA requests that you send your comments on this collection to 
the location listed in the addresses section. Your comments should 
address: (a) The necessity of the information collection for the proper 
performance of NCUA, including whether the information will have 
practical utility; (b) the accuracy of our estimate of the burden 
(hours and cost) of the collection of information, including the 
validity of any methodology and assumptions used; (c) ways we could 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) ways we could minimize the burden of the collection 
of the information on the respondents such as through the use of 
automated collection techniques or other forms of information 
technology. It is NCUA's policy to make all comments available to the 
public for review.

II. Data

    Title: NCUA Chartering and Field of Membership Manual, 12 CFR 
701.1, and App. B to Part 701.
    OMB Number: 3133-0015.
    Form Numbers: NCUA Forms 4000, 4001, 4008, 4012, 4015, 4015-EZ, 
4221, 4401, 4505, 4506, 9500, 9501, 9600.
    Type of Review: reinstatement, with change.
    Description: The NCUA Chartering and Field of Membership Manual 
sets forth the NCUA's current policies and procedures for granting and 
permitting change to a federal credit union charter.
    Estimated No. of Respondents/Recordkeepers: 9,990.
    Frequency of Response: Recordkeeping, reporting and on occasion.
    Estimated Total Annual Hours Requested: 15,397.5.
    Estimated Total Annual Cost: N/A.
    Specifically, NCUA Staff identified the following chapters and 
appendices as containing ICRs with the following number of respondents 
and the estimated annual burden in hours, as follows:

Chapter 1. FCU Chartering

    ICRs: Business Plan for New Charters, Wording for Proposed FOM, 
NCUA Forms 4001, 4008, 4012, 9500, 9501.
    Respondents/record-keepers: 2 per year.
    Estimated annual burden: 160 hours.
    Total annual hours: 320 hours.
    ICRs related to the Chartering Manual for All FCUs:

Chapter 2. Field of Membership Requirements for FCUs

    ICR: Single Common Bond and Multiple Common Bond Amendments, NCUA 
Forms 4015 and 4015-EZ, and FOM Internet Application (FOMIA).
    Respondents: 9,915.
    Estimated annual burden: 30 minutes.
    Total annual hours: 4,957.5.
    ICR: Community Charter Conversion and Expansion Applications.
    Respondents: 39.
    Estimated annual burden: 160 hours.
    Total annual hours: 6,240.

Chapter 3. Low-Income CUs and CUs Serving Underserved Areas

    ICR: Application to Add an Underserved Area.
    Respondents: 21.
    Estimated annual burden: 160 hours.
    Total annual hours: 3,360.

Chapter 4. Charter Conversions

    ICR: NCUA Forms 4000, 4221, 4401, 4505, 4506, 9500, 9501, 9600.
    Respondents/record-keepers: 13.
    Estimated annual burden: 40 hours.
    Total annual hours: 520.

    By the National Credit Union Administration Board on August 16, 
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-20478 Filed 8-21-13; 8:45 am]
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