[Federal Register Volume 87, Number 146 (Monday, August 1, 2022)]
[Notices]
[Pages 47014-47015]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-16348]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collections, 
Fidelity Bond and Insurance Coverage

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 September 30, 
2022 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; 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 address above or telephone 703-548-
2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0170.
    Title: Fidelity Bond and Insurance Coverage, Sec. 704.18 and Part 
713.
    Type of Review: Extension of a currently approved collection.
    Abstract: The Federal Credit Union Act (at 12 U.S.C. 1761b(2)) 
requires that the boards of federal credit unions (FCU) arrange for 
adequate fidelity coverage for officers and employees having custody of 
or responsibility for handling funds.
    The regulation contains a number of reporting requirements where a 
credit union seeks to exercise flexibility under the regulations. These 
requirements enable NCUA to monitor the FCU's financial condition for 
safety and soundness purposes and helps to assure that FCUs are 
properly and adequately protected against potential losses due to 
insider abuse such as fraud and embezzlement.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 19.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 19.
    Estimated Burden Hours per Response: 1.
    Estimated Total Annual Burden Hours: 19.
    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 47015]]

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 July 26, 2022.

    Dated: July 26, 2022.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2022-16348 Filed 7-29-22; 8:45 am]
BILLING CODE 7535-01-P