[Federal Register Volume 87, Number 206 (Wednesday, October 26, 2022)]
[Notices]
[Pages 64817-64818]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23267]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collections

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 extensions of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before December 27, 
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: 3133-0032.
    Type of Review: Extension currently approved collection.
    Title: Records Preservation, 12 CFR part 749.
    Abstract: Part 749 of the NCUA regulations directs each credit 
union to have a vital records preservation program that includes 
procedures for maintaining duplicate vital records at a location far 
enough from the credit union's offices to avoid the simultaneous loss 
of both sets of records in the event of disaster. Part 749 also 
requires the program be in writing and include emergency contact 
information for employees, officials, regulatory offices, and vendors 
used to support vital records.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 4,853.
    Estimated No. of Responses per Respondent: 12.
    Estimated Total Annual Responses: 58,236.
    Estimated Hours per Response: 2.
    Estimated Total Annual Burden Hours: 116,472.
    Reason for Change: The number of respondents have been updated to 
reflect the current number of FICUs of the June call report to 4,853.
    OMB Number: 3133-0052.
    Title: Federal Credit Union Bylaws, Appendix A to Part 701.
    Type of Review: Extension of a currently approved collection.
    Abstract: The FCU Act and Bylaws require new and current FCU to 
prepare and maintain documents, such as organization certificate, 
charter, notices, meeting minutes, and election results, and notify the 
NCUA Board of certain changes. FCU's use the information they collect 
and maintain pursuant to their bylaws in their operations and to 
provide services to members. NCUA uses the information both to regulate 
the safety and soundness of FCU and protect the National Credit Union 
Share Insurance Fund.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 3,235.
    Estimated No. of Responses per Respondent: 355.
    Estimated Total Annual Responses: 1,147,877.
    Estimated Burden Hours per Response: 0.35.
    Estimated Total Annual Burden Hours: 399,298.
    Reason for change: Adjustments have been made to remove the one-
time burden for the initial posting of their bylaws by FCU's to their 
website, for a reduction of 3,235 burden hours.
    OMB Number: 3133-0114.
    Title: Payments on Shares by Public Units and Nonmembers, 12 CFR 
701.32.
    Type of Review: Extension of a currently approved collection.
    Abstract: Section 107(6) of the Federal Credit Union Act (Act) and 
Sec.  701.32 of the NCUA Rules and Regulations (12 CFR part 701) may 
receive from public units and political subdivisions and nonmember 
credit unions, payments on shares. Limitations on nonmember and public 
unit deposits in federal credit unions (FCUs) is 50 percent of the 
difference of paid-in and unimpaired capital and surplus and any public 
unit and nonmember shares, as measured at the time of acceptance of 
each public unit or nonmember share. This collection of information is 
necessary to protect the National Credit Union Share Insurance Fund 
(NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 50.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 50.
    Estimated Burden Hours per Response: 2.
    Estimated Total Annual Burden Hours: 100.
    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 64818]]

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 October 20, 2022.

    Dated: October 21, 2022.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2022-23267 Filed 10-25-22; 8:45 am]
BILLING CODE 7535-01-P