[Federal Register Volume 87, Number 206 (Wednesday, October 26, 2022)]
[Notices]
[Pages 64816-64817]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-23268]


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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 requests 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 November 25, 2022 to be 
assured of consideration.

[[Page 64817]]


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 Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:
    OMB Number: 3133-0182.
    Type of Review: Extension of a currently approved collection.
    Title: Bank Conversions and Mergers, 12 CFR part 708a.
    Abstract: Part 708a of NCUA's Rules and Regulations covers the 
conversion of federally insured credit unions (credit unions) to mutual 
savings banks (MSBs) and mergers of credit unions into both mutual and 
stock banks (banks). Part 708a requires credit unions that intend to 
convert to MSBs or merge into banks to provide notice and disclosure of 
their intent to convert or merge to their members and NCUA, and to 
conduct a membership vote. In addition, Subpart C requires credit 
unions that intend to merge into banks to determine the merger value of 
the credit union. The information collection allows NCUA to ensure 
compliance with statutory and regulatory requirements for conversions 
and mergers and ensures that members of credit unions have sufficient 
and accurate information to exercise an informed vote concerning a 
proposed conversion or merger.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 391.
    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. 2022-23268 Filed 10-25-22; 8:45 am]
BILLING CODE 7535-01-P