[Federal Register Volume 87, Number 188 (Thursday, September 29, 2022)]
[Notices]
[Pages 59123-59124]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21105]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collections, 
Supervisory Committee Audits and Verifications

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 November 28, 
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: 3133-0059.
    Title: Supervisory Committee Audits and Verifications, 12 CFR 715.
    Type of Review: Extension of a currently approved collection.
    Abstract: Title 12 CFR part 715 prescribes the responsibilities of 
the supervisory committee to obtain an audit of the credit union and 
verification of member accounts as outlined in section 115 of the 
Federal Credit Union Act, 12 U.S.C. 1761d. A supervisory committee 
audit is required at least once every calendar year covering the period 
since the last audit and to conduct a verification of members' accounts 
not less frequently than once every two years. The information is used 
by both the credit union and the NCUA to ensure through audit testing 
that the credit union's assets, liabilities, equity, income, and 
expenses exist, are properly valued, controlled and meet ownership, 
disclosure and classification requirements of sound financial 
reporting.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 5,308.
    Estimated No. of Responses per Respondent: 4.16.
    Estimated Total Annual Responses: 22,086.
    Estimated Burden Hours per Response: 0.57.
    Estimated Total Annual Burden Hours: 12,549.
    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.

[[Page 59124]]

    By Melane Conyers-Ausbrooks, Secretary of the Board, the National 
Credit Union Administration, on September 23, 2022.

    Dated: September 26, 2022.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2022-21105 Filed 9-28-22; 8:45 am]
BILLING CODE 7535-01-P