[Federal Register Volume 85, Number 190 (Wednesday, September 30, 2020)]
[Notices]
[Pages 61775-61776]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21567]


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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 be 
submitting 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: Written comments should be received on or before October 30, 
2020 to be assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Mackie Malaka at (703) 548-2704, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0040.
    Title: Federal Credit Union Occupancy, Planning, and Disposal of 
Acquired and Abandoned Premises, 12 CFR 701.36.
    Type of Review: Extension of a currently approved collection.
    Abstract: The Federal Credit Union Act authorizes an FCU to 
purchase, hold, and dispose of property necessary or incidental to its 
operations under Section 107(4). NCUA Rules and Regulations implements 
this statute by including three parts to the information collection 
associated with the rule: Waiver of requirement for partial occupation, 
waiver of requirement to dispose of abandoned property and waiver of 
prohibited transactions. NCUA responds to the waivers by either 
granting or denying the request, or otherwise compromising to meet the 
needs of the credit union without raising safety and soundness 
concerns.
    Affected Public: Private sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 30.

    OMB Number: 3133-0127.
    Title: Purchase, Sale and Pledge of Eligible Obligations, 12 CFR 
701.23.
    Type of Review: Extension of a currently approved collection.
    Abstract: The Federal Credit Union Act limits the amount of 
eligible obligations a federal credit union (FCU) is permitted to 
purchase, sell, pledge, discount, receive or dispose of under Section 
107(13), 12 U.S.C. 107. NCUA's rules and regulations further govern 
this limitation by prescribing additional requirements under Sec.  
701.23. The various information collections are in place to ensure a 
FCU's activities related to the purchase, sale, and pledge of eligible 
obligations comply with applicable laws and are conducted in a safe and 
sound manner.
    Affected Public: Private sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 12,748.

    OMB Number: 3133-0141.
    Title: Organization and Operation of Federal Credit Unions--Loan 
Participations, 12 CFR 701.22.
    Type of Review: Extension of a currently approved collection.
    Abstract: NCUA rules and regulations, Sec. Sec.  701.22 and 
741.225, outline the requirements for a loan participation program. 
Federally insured credit unions (FICU) are required to execute a

[[Page 61776]]

written loan participation agreement with the lead lender. 
Additionally, the rule requires all FICUs to maintain a loan 
participation policy that establishes underwriting standards and 
maximum concentration limits. Credit unions may apply for waivers on 
certain key provisions of the rule. NCUA reviews the loan participation 
policies and through these reviews determine whether the credit union 
is engaging in a safe and sound loan participation program.
    Affected Public: Private sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 3,025.

    OMB Number: 3133-0189.
    Title: Contractor Budget and Contractor Representation and 
Certification.
    Form: NCUA 3249a and 3249b.
    Type of Review: Extension of a currently approved collection.
    Abstract: Standardized information from prospective outside counsel 
is essential to the NCUA in carrying out its responsibility as 
regulator, conservator, and liquidating agent for federally insured 
credit unions. The information will enable the NCUA to further 
standardize the data it uses to select outside counsel, consider 
additional criteria in making its selections, and improve efficiency 
and recordkeeping related to its selection process.
    Affected Public: Private Sector: Business or other for-profits.
    Estimated Total Annual Burden Hours: 200.

    OMB Number: 3133-0061.
    Title: Central Liquidity Facility, 12 CFR part 725.
    Forms: NCUA Forms 7001, 7002, 7003, 7004, 8700C, CLF 8702, and CLF 
8703.
    Type of Review: Extension of 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 Total Annual Burden Hours: 691.
    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on September 24, 2020.

    Dated: September 24, 2020.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2020-21567 Filed 9-29-20; 8:45 am]
BILLING CODE 7535-01-P