[Federal Register Volume 78, Number 167 (Wednesday, August 28, 2013)]
[Notices]
[Pages 53162-53163]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-20940]


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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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[[Page 53163]]

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, place a maximum borrowing limit on federally 
insured credit unions. State chartered federally insured credit unions 
must seek a waiver of the borrowing limit from the NCUA Regional 
Director prior to exceeding this limitation.

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 
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 3133-0168. The collection of 
information requirement is for those state chartered federal insured 
credit unions seeking a waiver from the borrowing limit. These credit 
unions must submit a detailed safety and soundness analysis, a proposed 
aggregate amount, a letter from the state regulator approving the 
request and an explanation of the need for the waiver to the NCUA 
Regional Director. This collection of information is necessary to 
protect the National Credit Union Share Insurance Fund (``Fund''). The 
NCUA Board has determined that borrowing in excess of 50 percent of 
paid-in and unimpaired capital and surplus may cause an undue risk to 
the Fund and a loss of confidence in the credit union system. The NCUA 
must be made aware of and be able to monitor those credit unions 
seeking a waiver from the requirement. There is no change in burden 
hours from previous submission.
    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: Maximum Borrowing Authority, 12 CFR 741.2.
    OMB Number: 3133-0168.
    Form Number: None.
    Type of Review: Reinstatement, without change, of a previously 
approved collection.
    Description: 12 CFR 741.2 places a maximum borrowing limitation on 
federally insured credit unions of 50 percent of paid-in and unimpaired 
capital and surplus. The collection of information requirement is for 
those federally insured state-chartered credit unions seeking a waiver 
from the maximum borrowing limitation of 50 percent of paid-in and 
unimpaired capital and surplus. These credit unions must submit a 
detailed safety and soundness analysis, a proposed aggregate amount, a 
letter from the state regulator approving the request and an 
explanation of the need for the waiver to the NCUA Regional Director.
    Respondents: Credit unions.
    Estimated No. of Respondents/Recordkeepers: 2.
    Estimated Burden Hours per Response: 8 hours.
    Frequency of Response: Reporting, and on occasion.
    Estimated Total Annual Burden Hours: 16 hours.
    Estimated Total Annual Cost: $496.

    By the National Credit Union Administration Board on August 22, 
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-20940 Filed 8-27-13; 8:45 am]
BILLING CODE 7535-01-P