[Federal Register Volume 78, Number 167 (Wednesday, August 28, 2013)]
[Notices]
[Pages 53166-53167]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20932]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, Without 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. This information 
collection is published to obtain comments from the public. The NCUA 
rules and regulations, limit nonmember and public unit deposits in 
federally insured credit unions to 20 percent of their shares or $3.0 
million, whichever is greater.

DATES: Comments will be accepted until September 27, 2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA Contact and the 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

[[Page 53167]]

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 at the National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428, or at 
(703) 518-6444.

SUPPLEMENTARY INFORMATION:

I. Abstract and Request for Comments

    NCUA is reinstating the collection for 3133-0114. The collection of 
information requirement is that those credit unions seeking an 
exemption from the nonmember deposit limit must adopt a specific 
written plan and submit their lending and investment policies, a copy 
of their latest financial statement, and an explanation of the request 
to the NCUA Regional Director. NCUA uses this information to determine 
whether a particular credit union will be granted an exemption to the 
limit on nonmember and public unit deposits. This collection of 
information is necessary to protect the National Credit Union Share 
Insurance Fund (``Fund''). There is no change to the burden hours from 
previous submissions.
    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 the 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: Payment on Shares by Public Units and Nonmembers.
    OMB Number: 3133-0114.
    Form Number: None.
    Type of Review: Reinstatement, without change, of a previously 
approved collection.
    Description: 12 CFR 701.32 limits nonmember and public unit 
deposits in federally insured credit unions to 20 percent of their 
shares or $3.0 million, whichever is greater. The collection of 
information requirement is for those credit unions seeking an exemption 
from the above limit.
    Respondents: Credit Unions seeking an exemption from the limits on 
share deposits by public unit and nonmember accounts set by 12 CFR 
701.32.
    Estimated No. of Respondents/Recordkeepers: 20.
    Estimated Burden Hours per Response: 2 hours.
    Frequency of Response: Other. As exemption is requested.
    Estimated Total Annual Burden Hours: 40.
    Estimated Total Annual Cost: $1,240.

    By the National Credit Union Administration Board on August 22, 
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-20932 Filed 8-27-13; 8:45 am]
BILLING CODE 7535-01-P