[Federal Register Volume 84, Number 116 (Monday, June 17, 2019)]
[Notices]
[Pages 28102-28103]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12744]


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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 submit 
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, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before July 17, 2019 to be 
assured of consideration.

[[Page 28103]]


ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of the information collections, 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, Suite 5080, Alexandria, VA 22314, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:
    OMB Number: 3133-0039.
    Type of Review: Extension of a currently approved collection.
    Title: Borrowed Funds from Natural Persons, 12 CFR 701.38.
    Abstract: Section 701.38 of the NCUA regulations grants federal 
credit unions the authority to borrow funds from a natural person as 
long as they maintain a signed promissory note which includes the terms 
and conditions of maturity, repayment, interest rate, method of 
computation and method of payment; and the promissory note and any 
advertisements for borrowing have clearly visible language stating that 
the note represents money borrowed by the credit union and does not 
represent shares and is not insured by the National Credit Union 
Insurance Fund (NCUSIF). NCUA will use this information to ensure a 
credit union's natural person borrowings are in compliance and address 
all regulatory and safety and soundness requirements.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 31.
    OMB Number: 3133-0129.
    Type of Review: Extension of a currently approved collection.
    Title: Corporate Credit Union, 12 CFR part 704.
    Abstract: Part 704 of NCUA's regulations established the regulatory 
framework for corporate credit unions. This includes various reporting 
and recordkeeping requirements as well as safety and soundness 
standards. NCUA has established and regulates corporate credit unions 
pursuant to its authority under sections 120, 201, and 209 of the 
Federal Credit Union Act, 12 U.S.C. 1766(a), 1781, and 1789. The 
collection of information is necessary to ensure that corporate credit 
unions operate in a safe and sound manner by limiting risk to their 
natural person credit union members and the National Credit Union Share 
Insurance Fund.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 495.
    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on June 12, 2019.

    Dated: June 12, 2019.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2019-12744 Filed 6-14-19; 8:45 am]
 BILLING CODE 7535-01-P