[Federal Register Volume 85, Number 93 (Wednesday, May 13, 2020)]
[Notices]
[Pages 28666-28667]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-10249]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Foreign Branching

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 extension of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before July 13, 2020 
to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Suite 6032, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or email at [email protected]. Given 
the limited in-house staff because of the COVID-19 pandemic, email 
comments are preferred.

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Dawn Wolfgang at the email address above or telephone 
703-548-2279.

SUPPLEMENTARY INFORMATION:
    OMB Number: 3133-0167.
    Title: Foreign Branching, 12 CFR 741.11.
    Type of Review: Extension of a currently approved collection.
    Abstract: Pursuant section 741.11, an insured credit union that 
wishes to establish a branch office outside the United States (other 
than branches located on United States military installations or 
embassies) must apply for and receive approval from the NCUA regional 
director before establishing that branch. The application must include 
(1) a business plan, (2) written approval by the state supervisory 
agency if the applicant is a state-chartered credit union, and (3) 
documentation evidencing written permission from the host country to 
establish the branch that explicitly recognizes NCUA's authority to 
examine and take any enforcement actions, including conservatorship and 
liquidation actions.
    This information is necessary to evaluate the safety and soundness 
of the decision to open the branch and to protect the interests of the 
National Credit Union Share Insurance Fund.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 1.
    Estimated Number of Responses per Respondent: 4.
    Estimated Total Annual Responses: 4.
    Estimated Hours per Response: 8.25.
    Estimated Total Annual Burden Hours: 33.
    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

[[Page 28667]]

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 May 8, 2020.

    Dated: May 8, 2020.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2020-10249 Filed 5-12-20; 8:45 am]
BILLING CODE 7535-01-P