[Federal Register Volume 84, Number 168 (Thursday, August 29, 2019)]
[Notices]
[Pages 45536-45537]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-18651]


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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 September 30, 2019 to 
be assured of consideration.

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 6018, 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: 3133-0061.
    Type of Review: Extension of a currently approved collection.
    Title: Central Liquidity Facility, 12 CFR part 725.
    Forms: NCUA Forms 8702, 8703, 7001, 7002, 7003, 7004, and 8700C.
    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

[[Page 45537]]

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).
    Estimated Total Annual Burden Hours: 14.
    OMB Number: 3133-0133.
    Type of Review: Extension of a currently approved collection.
    Title: Investments and Deposit Activities, 12 CFR part 703.
    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).
    Estimated Total Annual Burden Hours: 53,959.
    OMB Number: 3133-0182.
    Type of Review: Extension of a currently approved collection.
    Title: Bank Conversions and Mergers, 12 CFR part 708a.
    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.
    Estimated Total Annual Burden Hours: 391.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on August 26, 2019.

    Dated: August 26, 2019.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2019-18651 Filed 8-28-19; 8:45 am]
 BILLING CODE 7535-01-P