[Federal Register Volume 82, Number 234 (Thursday, December 7, 2017)]
[Notices]
[Pages 57786-57787]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26361]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collections; 
Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following renewals of currently approved collections, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before February 5, 
2018 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collections to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Suite 5080, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to the address above or telephone 703-548-2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0138.
    Title: Community Development Revolving Loan Fund--Loan and Grant 
Programs, 12 CFR part 705.
    Abstract: NCUA's Community Development Revolving Loan Fund (CDRLF 
or Fund) was established by Congress (Pub. L. 96-123, November 20, 
1979) to stimulate economic development in low-income communities. Part 
705 was adopted by the Board under section 130 of the Federal Credit 
Union Act (12 U.S.C. 1772c-1), which implements the Community 
Development Credit Union Revolving Loan Fund Transfer Act (Pub. L. 99-
609, 100 Stat. 3475 (Nov. 6, 1986)).
    The Fund is used to support credit unions that serve low-income 
communities by providing loans and technical assistance grants to 
qualifying institutions. The programs are designed to increase income, 
ownership, and employment opportunities for low-income residents, and 
to stimulate economic growth. In addition, the programs provide 
assistance to improve the quality of services to the community and 
formulate more effective and efficient operations of credit unions. The 
information will allow NCUA to assess a credit union's capacity to 
repay the Funds and/or ensure that the funds are used as intended to 
benefit the institution and community it serves.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 450 grant program; 4 loan program.
    Estimated Annual Frequency: Once.
    Estimated Annual Number of Responses: 785 grant program; 14 loan 
program.
    Estimated Burden Hours per Response: 0.95.
    Estimated Total Annual Burden Hours: 760.
    Reason for Change: A reduction is attributed to a program change 
due to the recent consolidation of NCUA informal appeals process under 
12 CFR part 746, subpart B. Additionally, adjustments are being made to 
reflect current application activity under the Fund programs and to 
include information collection activities that had not been accounted 
for in the past.

    OMB Number: 3133-0180.
    Title: Liquidity Contingency Funding Plans, 12 CFR 741.12.
    Abstract: The 2008 financial crisis demonstrated the importance of 
good liquidity risk management to the safety and soundness of financial 
institutions. In conjunction with the OCC, FRB, FDIC, and Conference of 
State Bank Supervisors (CSBS), adopted the Interagency Policy Statement 
on Funding and Liquidity Risk Management in March of 2010.
    In October 2013, to clarify NCUA's expectation on the Interagency 
Policy

[[Page 57787]]

Statement and to reduce the regulatory burden on small credit unions, 
NCUA codified the requirements for Liquidity and Contingency Funding 
Plans as Sec.  741.12. The rule establishes a three tier framework for 
federally insured credit unions, based on asset size. Federally insured 
credit union with assets under $50 million must maintain a basic 
policy, federally insured credit unions with assets of $50 million and 
over must maintain a contingency funding plan, and federally insured 
credit unions with assets over $250 million must maintain a contingency 
funding plan and establish a federal liquidity contingency source.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 5,696.
    Estimated Annual Frequency: 1.
    Estimated Annual Number of Responses: 5,696.
    Estimated Burden Hours per Response: 0.78.
    Estimated Total Annual Burden Hours: 4,425.
    Reason for Change: A reduction in burden hours is due to an 
adjustment in the number of credit unions in each category of 
respondent.
    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 
execution 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 November 30, 2017.

    Dated: November 30, 2017.

Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2017-26361 Filed 12-6-17; 8:45 am]
 BILLING CODE 7535-01-P