[Federal Register Volume 84, Number 116 (Monday, June 17, 2019)]
[Notices]
[Pages 28101-28102]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-12747]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
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 extensions of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before August 16, 2019 
to be assured consideration.

[[Page 28102]]


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: Address requests for additional 
information to the address above or telephone 703-548-2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0061.
    Title: Central Liquidity Facility, 12 CFR part 725.
    Forms: NCUA Forms 8702, 8703, 7001, 7002, 7003, 7004, and 8700C.
    Type of Review: Extension of a currently approved collection.
    Abstract: Part 725 contains the regulations implementing the 
National Credit Union Central Liquidity Facility Act, subchapter III of 
the Federal Credit Union Act. The NCUA Central Liquidity Facility is a 
mixed-ownership Government corporation within NCUA. It is managed by 
the NCUA Board and is owned by its member credit unions. The purpose of 
the Facility is to improve the general financial stability of credit 
unions by meeting their liquidity needs and thereby encourage savings, 
support consumer and mortgage lending and provide basic financial 
resources to all segments of the economy. The Central Liquidity 
Facility achieves this purpose through operation of a Central Liquidity 
Fund (CLF). The collection of information under this part is necessary 
for the CLF to determine credit worthiness, as required by 12 U.S.C 
1795e(2).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 5.
    Estimated No. of Responses per Respondent: 4.
    Estimated Total Annual Responses: 20.
    Estimated Burden Hours per Response: 0.69.
    Estimated Total Annual Burden Hours: 14.
    Reason for Change: Adjustment are being made to provide a current 
accounting of respondents participating under this part.
    OMB Number: 3133-0133.
    Title: Investments and Deposit Activities, 12 CFR part 703.
    Type of Review: Extension of a currently approved collection.
    Abstract: The National Credit Union Administration (NCUA) Federal 
Credit Union Act, 12 U.S.C. 1757(7), 1757(8), 1757(15), lists 
securities, deposits, and other obligations in which a Federal Credit 
Union (FCU) may invest. The regulations related to these areas are 
contained in Part 703 and Section 721.3 of the NCUA Rules and 
Regulations which set forth requirements related to maintaining an 
adequate investment program. The information collected is used by the 
NCUA to determine compliance with the appropriate sections of the NCUA 
Rules and Regulations and Federal Credit Union Act, which governs 
investment and deposit activities on the basis of safety and soundness 
concerns. It is used to determine the level of risk that exists within 
a credit union, the actions taken by the credit union to mitigate such 
risk, and helps prevent losses to federal credit unions and the 
National Credit Union Share Insurance Fund (NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 3,393.
    Estimated No. of Responses per Respondent: 51.68.
    Estimated Total Annual Responses: 175,350.
    Estimated Burden Hours per Response: 0.30.
    Estimated Total Annual Burden Hours: 53,959.
    Reason for Change: Adjustments are being made to provide an update-
to-date reporting of activities under this part; remove regulatory 
burden previously identified as information collection burden, and 
amended some activities under this part that reported no activity since 
the last reporting cycle.
    OMB Number: 3133-0182.
    Title: Bank Conversions and Mergers, 12 CFR part 708a.
    Type of Review: Extension of a currently approved collection.
    Abstract: Part 708a of NCUA's Rules and Regulations covers the 
conversion of federally insured credit unions (credit unions) to mutual 
savings banks (MSBs) and mergers of credit unions into both mutual and 
stock banks (banks). Part 708a requires credit unions that intend to 
convert to MSBs or merge into banks to provide notice and disclosure of 
their intent to convert or merge to their members and NCUA, and to 
conduct a membership vote. In addition, Subpart C requires credit 
unions that intend to merge into banks to determine the merger value of 
the credit union. The information collection allows NCUA to ensure 
compliance with statutory and regulatory requirements for conversions 
and mergers and ensures that members of credit unions have sufficient 
and accurate information to exercise an informed vote concerning a 
proposed conversion or merger.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 1.
    Estimated No. of Responses per Respondent: 13.
    Estimated Total Annual Responses: 13.
    Estimated Burden Hours per Response: 30.
    Estimated Total Annual Burden Hours: 391.
    Reason for Change: Adjustments are being made to provide an update-
to-date reporting of activities under this part.
    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 June 12, 2019.

    Dated: June 12, 2019.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2019-12747 Filed 6-14-19; 8:45 am]
 BILLING CODE 7535-01-P