[Federal Register Volume 81, Number 233 (Monday, December 5, 2016)]
[Notices]
[Page 87595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-29012]


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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 January 4, 2017 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: 3133-0094.
    Type of Review: Extension of a previously approved collection.
    Title: Suspicious Activity Report by Depository Institutions.
    Abstract: The Financial Crimes Enforcement Network (FinCEN), 
Department of the Treasury, was granted broad authority to require 
suspicious transaction reporting under the Bank Secrecy Act (BSA) (31 
U.S.C. 5318(g)). Information about suspicious transactions conducted or 
attempted by, at, through, or otherwise involving credit unions are 
collected through FinCEN's, BSA E-filing system by credit unions. A 
suspicious activity report (SAR) is to be filed no later than 30 
calendar days from the date of the initial detection of facts that may 
constitute a basis for filing a SAR. If no suspect can be identified, 
the period for filing a SAR is extended to 60 days.
    FinCEN and law enforcement agencies use the information on BSA-SARs 
and the supporting documentation retained by the banks for criminal 
investigation and prosecution purposes.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 83,859.
    OMB Number: 3133-0167.
    Type of Review: Extension of a previously approved collection.
    Title: Foreign Branching, 12 CFR 741.11.
    Abstract: Pursuant to Part 741, Section 741.11 of the NCUA Rules 
and Regulations, an insured credit union that wishes to establish a 
branch office outside the United States (other than branches located on 
United States military installations or embassies) must apply for and 
receive approval from the NCUA regional director before establishing 
that branch. The application must include (1) a business plan, (2) 
written approval by the state supervisory agency if the applicant is a 
state-chartered credit union, and (3) documentation evidencing written 
permission from the host country to establish the branch that 
explicitly recognizes NCUA's authority to examine and take any 
enforcement actions, including conservatorship and liquidation actions.
    This information is necessary to evaluate the safety and soundness 
of the decision to open the branch and to protect the interests of the 
National Credit Union Share Insurance Fund.
    Estimated No. Respondents: Private Sector: Not-for-profit 
institutions.
    Estimated Total Annual Burden Hours: 32.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on November 29, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-29012 Filed 12-2-16; 8:45 am]
 BILLING CODE 7535-01-P