[Federal Register Volume 85, Number 34 (Thursday, February 20, 2020)]
[Notices]
[Pages 9809-9811]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-03360]


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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 currently approved collections, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before April 20, 2020 
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 6032, 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: 3133-0092.
    Title: Loans to Members and Lines of Credit to Members, 12 CFR 
701.21 and Appendix B to 741.
    Type of Review: Extension of a currently approved collection.
    Abstract: Section 107(5) of the Federal Credit Union Act authorizes 
Federal Credit Unions (FCU) to make loans to members and issue lines of 
credit (including credit cards) to members. Section 701.21 governs the 
requirements related to loans to members and lines of credit to members 
for FCUs. Additionally, Part 741 established requirements for all 
federally insured credit unions (both Federal and state charters) 
related to loans to members and lines of credit union members. NCUA 
reviews the information collections to ensure compliance with 
applicable regulations and laws, and to assess the safety and soundness 
of the credit union's lending program.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondent: 5,236.
    Estimated No. of Responses per Respondent: 4.11.
    Estimated Total Annual Responses: 21,534.
    Estimated Burden Hours per Response: 1.
    Estimated Total Annual Burden Hours: 21,534.
    Reason for Change: Adjustment have been made to the number of 
respondents to reflect the current number of credit unions reporting. 
The time per response has been corrected to reflect only that burden 
required to retain/maintain the records under the PRA.
    OMB Number: 3133-0101.
    Title: Member Business Loans; Commercial Lending, 12 CFR 723.
    Type of Review: Extension of a currently approved collection.
    Abstract: As part of NCUA's Regulatory Modernization Initiative, 
the NCUA Board amended Part 723 to provide federally insured credit 
unions with greater flexibility and individual autonomy in safely and 
soundly providing commercial and business loans to serve their members. 
The rule modernizes the regulatory requirements that govern credit 
union commercial lending activities by replacing the current rule's 
prescriptive requirement and limitations with a broad principles-based 
regulatory approach.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 1,828.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 1.828.
    Estimated Burden Hours per Response: 2.
    Estimated Total Annual Burden Hours: 3,656.
    Reason for Change: Adjustment have been made to the number of 
respondents to reflect the current number of credit unions reporting. 
The time per response has been corrected to reflect only information 
collection requirements associated with retaining and maintaining the 
written policies and procedures prescribed by 723. Additional 
recordkeeping requirements not previously reported have been captured.
    OMB Number: 3133-0152.
    Title: Management Official Interlocks, 12 CFR 711.
    Type of Review: Extension of a currently approved collection.
    Abstract: NCUA requires this information collection to ensure 
federally insured credit unions comply with NCUA's Management Official 
Interlocks regulation at 12 CFR part 711, implementing the Depository 
Institution Management Interlocks Act (``Interlocks Act'') (12 U.S.C. 
3201-3208). The Interlocks Act generally prohibits financial 
institutions management officials from serving simultaneously with two 
unaffiliated depository institutions or their holding companies. For 
credit unions, the Interlocks Act restricts interlocks only between 
credit unions and other financial institutions, such as banks and their 
holding companies. The information collection requirements of this part 
covers interlock relationships permitted by statute.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 2.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 2.
    Estimated Burden Hours per Response: 3.
    Estimated Total Annual Burden Hours: 6.
    OMB Number: 3133-0140.
    Title: Secondary Capital for Low-Income Designated Credit Unions, 
12 CFR 701.34(b).
    Type of Review: Extension of a currently approved collection.
    Abstract: Section 701.34 (b) of NCUA's regulations provide that 
designated low-income credit unions (LICU) may accept secondary capital 
under certain conditions. For those LICUs wishing to exercise their 
option to access secondary capital, NCUA requires that credit unions 
accepting secondary capital must develop and submit a plan for its 
acquisition, use, and repayment. The information is used by NCUA to 
determine if the secondary capital will be managed by the credit union 
without risk to its financial condition, the U.S. government, or the 
National Credit Union Share Insurance Fund. This collection of 
information is necessary to obtain the information needed to ensure 
compliance with requirements related to acceptance and management of 
secondary capital.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 30.
    Estimated No. of Responses per Respondent: 2.
    Estimated Total Annual Responses: 60.
    Estimated Burden Hours per Response: 18.38.
    Estimated Total Annual Burden Hours: 1,103.
    Reason for Change: Adjustment has been made to reflect a 
recordkeeping requirement not previously reported.
    OMB Number: 3133-0196.
    Title: Contractor's Diversity Profile.
    Type of Review: Extension of a currently approved collection.
    Abstract: On January 2011, NCUA created the Office of Minority and 
Women Inclusion (OMWI), as mandated by sec. 342 of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (``Act'') (Pub. L. 111-203). 
As prescribed by sec. 342(c) of the Act, OMWIs shall develop and 
implement standards and procedures to ensure the fair inclusions and 
utilization of minorities, women, and minority-owned and women-owned 
business in all

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business and activities of the agency at all levels, including in 
procurement, insurance, and all types of contracts. As a result, NCUA 
developed the Contractor Profile form to be completed by a contractor 
to ensure the fair inclusion and utilization of minorities and women in 
the workforce of the contractor and, as applicable, subcontractor. The 
Contractor Profile form includes a series of questions covering a 
contractor's, and, as applicable, a subcontractor's diversity 
strategies, policies, recruitment, succession planning, and outreach. 
The information provided is used by NCUA to determine if good faith 
efforts are met and to fulfill statutory requirements of the Act. 
Determinations are valid for a two-year period.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 40.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 40.
    Estimated Burden Hours per Response: 0.75.
    Estimated Total Annual Burden Hours: 30.
    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 February 14, 2020.

    Dated: February 14, 2020.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2020-03360 Filed 2-19-20; 8:45 am]
 BILLING CODE 7535-01-P