[Federal Register Volume 81, Number 210 (Monday, October 31, 2016)]
[Notices]
[Page 75449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-26169]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: The National Credit Union Administration (NCUA) will be 
submitting the following information collection requests to the Office 
of Management and Budget (OMB) for review and clearance in accordance 
with the Paperwork Reduction Act of 1995, Public Law 104-13, on or 
after the date of publication of this notice.

DATES: Comments should be received on or before November 30, 2016 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, 
or email at [email protected] and (2) NCUA PRA Clearance 
Officer, 1775 Duke Street, Alexandria, VA 22314, Suite 5067, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by emailing [email protected] or viewing the entire 
information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0033.
    Title: Security Program, 12 CFR 748.
    Abstract: In accordance with Title V of the Gramm-Leach-Bliley Act 
(15 U.S.C. 6801 et seq.), as implemented by 12 CFR part 748, federally-
insured credit unions (FICU) are required to develop and implement a 
written security program to safeguard sensitive member information. 
This information collection requires that such programs be designed to 
respond to incidents of unauthorized access or use, in order to prevent 
substantial harm or serious inconvenience to members.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 15,982.
    OMB Number: 3133-0168.
    Title: Maximum Borrowing Authority, 12 CFR 741.2.
    Abstract: Section 741.2 of the NCUA Rules and Regulations (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. This limitation is statutory for federal credit unions. The 
collection of information requirement is for federally insured state-
chartered 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 must be made aware of and be able to monitor those 
credit unions seeking a waiver from the maximum borrowing limitation.
    Type of Review: Extension without change of a previously approved 
collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 16.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on October 19, 2016.

    Dated: October 26, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-26169 Filed 10-28-16; 8:45 am]
 BILLING CODE 7535-01-P