[Federal Register Volume 83, Number 57 (Friday, March 23, 2018)]
[Notices]
[Pages 12822-12823]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05928]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Joint Standards for Assessing the Diversity Policies 
and Practices

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 
revision of an existing collection, as required by the Paperwork 
Reduction Act of 1995.

DATES: Written comments should be received on or before May 22, 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 Dawn Wolfgang at 703-548-
2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0193.
    Title: Joint Standards for Assessing the Diversity Policies and 
Practices.
    Abstract: Section 342 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act of 2010 (Act) required the NCUA, the Office of 
the Comptroller of the Currency (OCC), Board of Governors of the 
Federal Reserve System (Board), Federal Deposit Insurance Corporation 
(FDIC), Bureau of Consumer Financial Protection (CFPB), and Securities 
and Exchange Commission (SEC) (Agencies) each to establish an Office of 
Minority and Women Inclusion (OMWI) to be responsible for all matters 
of the Agency relating to diversity in management, employment, and 
business activities. The Act also instructed each OMWI Director to 
develop standards for assessing the diversity policies and practices of 
entities regulated by the Agency. The Agencies worked together to 
develop joint standards and, on June 10, 2015, they jointly published 
in the Federal Register the ``Final Interagency Policy Statement 
Establishing Joint Standards for Assessing the Diversity Policies and 
Practices of Entities Regulated by the Agencies.''
    Type of Review: Revision of a currently approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 325.
    Estimated Annual Frequency: 1.
    Estimated Annual Number of Responses: 325.
    Estimated Burden Hours per Response: 10.
    Estimated Total Annual Burden Hours: 3,250.
    Reason for Change: The NCUA had received OMB approval for the use 
of the ``Voluntary Credit Union Self-Assessment Checklist'' to provide 
a user-friendly tool to assess credit unions diversity policies and 
practices. The NCUA is revising this checklist at this time to:
    1. Provide space for the user to identify the credit union's 
Diversity and Inclusion Officer and Supplier Diversity Officer or 
equivalents. This information will help gauge the formality of the 
credit union's diversity and inclusion program and provide direct 
contact information with individuals holding these positions.
    2. Remove the option for a credit union to answer in the negative; 
only affirmative responses are requested and removing the requirement 
to provide a comment if the respondent answers a question in the 
affirmative.
    3. Converts the Self-Assessment standards from a question format to 
a statement format.
    4. Provides space for the user to document their definition of 
diversity if it is broader than just minorities and women as referenced 
in the joint standards. Collection of this information will allow the 
NCUA to better

[[Page 12823]]

understand how credit unions are defining diversity.
    5. Include a table to capture the workforce profile. The table 
provides space for users to provide a breakdown of their workforce by 
gender and minority status.
    6. Include a table to capture total annual procurement spend with 
minority and women-owned businesses. This data will help us gauge the 
amount of spending credit unions are doing with minority- and women-
owned businesses.
    The NCUA estimates that the average response time per respondent is 
10 hours. At the time of the approval of the original collection, the 
Agencies joint estimate of the time per response per respondent was 12 
hours. NCUA has re-evaluated its estimates and has determined that the 
burden on the credit union will be reduced by the redesign of the form.
    An adjustment in the number of respondents is being made to reflect 
reduction in the number of credit unions reporting.
    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 March 20, 2018.

    Dated: March 20, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-05928 Filed 3-22-18; 8:45 am]
 BILLING CODE 7535-01-P