[Federal Register Volume 85, Number 235 (Monday, December 7, 2020)]
[Notices]
[Pages 78873-78874]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-26769]


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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 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 February 5, 
2021 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]. 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 Mackie Malaka at the address above or telephone 703-548-
2704.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0180.
    Title: Liquidity Contingency Funding Plans, 12 CFR 741.12.
    Type of Review: Extension of a currently approved collection.
    Abstract: The 2008 financial crisis demonstrated the importance of 
good liquidity risk management to the safety and soundness of financial 
institutions. In conjunction with the OCC, FRB, FDIC, and Conference of 
State Bank Supervisors (CSBS), adopted the

[[Page 78874]]

Interagency Policy Statement on Funding and Liquidity Risk Management 
in March of 2010.
    In October 2013, to clarify NCUA's expectation on the Interagency 
Policy Statement and to reduce the regulatory burden on small credit 
unions, NCUA codified the requirements for Liquidity and Contingency 
Funding Plans as Sec.  741.12. The rule establishes a three tier 
framework for federally insured credit unions, based on asset size. 
Federally insured credit union with assets under $50 million must 
maintain a basic policy, federally insured credit unions with assets of 
$50 million and over must maintain a contingency funding plan, and 
federally insured credit unions with assets over $250 million must 
maintain a contingency funding plan and establish a federal liquidity 
contingency source.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 5,164.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 5,164.
    Estimated Burden Hours per Response: 0.82.
    Estimated Total Annual Burden Hours: 4,247.
    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 Melane Conyers-Ausbrooks, Secretary of the Board, the 
National Credit Union Administration, on December 1, 2020.
    Dated: December 1, 2020.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2020-26769 Filed 12-4-20; 8:45 am]
BILLING CODE 7535-01-P