[Federal Register Volume 83, Number 10 (Tuesday, January 16, 2018)]
[Notices]
[Pages 2223-2224]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-00559]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collections; 
Comment Request; Capital Planning and Stress Testing

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 extension of currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before March 19, 2018 
to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection 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 Dawn Wolfgang at (703) 548-
2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0199.
    Title: Capital Planning and Stress Testing, 12 CFR part 702, 
subpart E.
    Abstract: To protect the National Credit Union Share Insurance Fund 
(NCUSIF) and the credit union system, the largest Federally Insured 
Credit Unions (FICUs) must have systems and processes to monitor and 
maintain their capital adequacy. This rule requires FICUs with assets 
of $10 billion or more (covered credit unions) to develop, maintain, 
and submit a capital plan annually. NCUA took into account the risk to 
the NCUSIF of the largest FICUs as it considered the need for capital 
plans at these institutions. The size of these institutions relative to 
the NCUSIF makes capital planning essential.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 6.
    Estimated Annual Frequency: 1.2.
    Estimated Annual Number of Responses: 7.
    Estimated Burden Hours per Response: 321.
    Estimated Total Annual Burden Hours: 2,250.

[[Page 2224]]

    Reason for Change: NCUA was granted an emergency clearance for the 
information collection requirements under this notice to bring it into 
compliance under the PRA; which is set to expire April 2018. The 
information collection requirements prescribed under subpart E of part 
702 were published as final on April 30, 2014, at 79 FR 24311 
(effective May 20, 2014). NCUA sought initial public comments via the 
proposed rule (NPRM November 1, 2013, at 78 FR 65583); but no PRA 
submission was made to OMB. NCUA is soliciting comments on the OMB 
clearance obtained under the emergency approval.
    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 January 10, 2018.

    Dated: January 10, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-00559 Filed 1-12-18; 8:45 am]
 BILLING CODE 7535-01-P