[Federal Register Volume 84, Number 206 (Thursday, October 24, 2019)]
[Notices]
[Pages 57056-57057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23212]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Advertising of Excess Insurance

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

[[Page 57057]]

general public and other Federal agencies to comment on the following 
extension of a currently approved collection, as required by the 
Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before December 23, 
2019 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mackie Malaka, National Credit Union 
Administration, 1775 Duke Street, Suite 6018, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Mackie Malaka at the address above or telephone 703-548-
2704.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0098.
    Title: Advertising of Excess Insurance, 12 CFR part 740.3.
    Form: None.
    Type of Review: Extension of a currently approved collection.
    Abstract: Requirements of 12 CFR 740.3, Advertising of excess 
insurance, prescribes that federally insured credit unions must 
disclose in advertising the share or savings account insurance provided 
by a party other than NCUA. This disclosure statement must include the 
identity of the carrier, the type and amount of such insurance and must 
avoid any statement or implication that the carrier is affiliated with 
NCUA or the federal government. The disclosure requirements under Sec.  
740.3 are necessary to ensure that share account holders are aware that 
their accounts are insured by carriers other than the NCUA.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 291.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 291.
    Estimated Burden Hours per Response: 1.
    Estimated Total Annual Burden Hours: 291.
    Reason for Change: Adjustments are attributed to current updated 
data since the last previous submission.
    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 October 21, 2019.

    Dated: October 21, 2019.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2019-23212 Filed 10-23-19; 8:45 am]
 BILLING CODE 7535-01-P