[Federal Register Volume 81, Number 152 (Monday, August 8, 2016)]
[Notices]
[Pages 52466-52467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-18750]


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NATIONAL CREDIT UNION ADMINISTRATION


Written Reimbursement Policy

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). The purpose of this notice is to allow for 60 days 
of public comment.
    Each FCU must draft a written reimbursement policy to ensure that 
the FCU makes payments to its director within the guidelines that the 
FCU has established in advance and to enable examiners to easily verify 
compliance by comparing the policy to the actual reimbursements.

DATES: Comments will be accepted until October 7, 2016.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Troy Hillier, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428; Fax 
No. 703-519-8595; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to the address above.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0130.
    Title: Written Reimbursement Policy.
    Abstract: Federal Credit Unions (``FCU'') may reimburse its board 
members for reasonable and proper costs incurred in conducting their 
official responsibilities only if the reimbursement is in accordance 
with the written reimbursement policies and procedures established by 
the FCU's board of directors. Access to this plan, and documentation 
related to its implementation is necessary for NCUA examiners to verify 
compliance with this requirement.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Private sector: Not-for-profit institutions.
    Estimated Number of Respondents: 3,768.
    Frequency of Response: 1 responses per year per respondent.

[[Page 52467]]

    Estimated Burden Hours per Response: 0.5.
    Estimated Total Annual Burden Hours: 1,890 burden hours.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
Whether the collection of information is necessary for the proper 
performance of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
the information on the respondents, including the use of automated 
collection techniques or other forms of information technology.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on August 3, 2016.
    Dated: August 3, 2016.

Troy S. Hillier,
NCUA PRA Clearance Officer.
[FR Doc. 2016-18750 Filed 8-5-16; 8:45 am]
 BILLING CODE 7535-01-P