[Federal Register Volume 86, Number 28 (Friday, February 12, 2021)]
[Notices]
[Pages 9390-9391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02954]


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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 submit 
the following information collection request 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: Comments should be received on or before March 15, 2021 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: 3133-0180.
    Type of Review: Extension of a currently approved collection.
    Title: Liquidity and Contingency Funding Plans, 12 CFR 741.12.
    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 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-

[[Page 9391]]

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 Total Annual Burden Hours: 4,247.
    By Melane Conyers-Ausbrooks, Secretary of the Board, the National 
Credit Union Administration, on February 9, 2021.

    Dated: February 9, 2021.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2021-02954 Filed 2-11-21; 8:45 am]
BILLING CODE 7535-01-P