[Federal Register Volume 88, Number 152 (Wednesday, August 9, 2023)]
[Notices]
[Page 53931]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-17047]



[[Page 53931]]

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NATIONAL CREDIT UNION ADMINISTRATION


Renewal of Agency Information Collection of a Previously Approved 
Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice of submission to the Office of Management and Budget.

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SUMMARY: As required by the Paperwork Reduction Act of 1995, The 
National Credit Union Administration (NCUA) is submitting the following 
extensions of currently approved collections to the Office of 
Management and Budget (OMB) for renewal.

DATES: Written comments should be received on or before September 8, 
2023 to be assured 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 Mahala Vixamar at (703) 718-1155, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0134.
    Title: Truth in Savings (TISA), 12 CFR part 707.
    Type of Review: Extension of a previously approved collection.
    Abstract: NCUA's TISA regulation requires credit unions to provide 
specific disclosures when an account is opened, when a disclosed term 
changes or a term account is close to renewal, on periodic statements 
of account activity, in advertisements, and upon a member's or 
potential member's request. Credit unions that provide periodic 
statements are required to include information about fees imposed, the 
annual percentage yield earned during those statement periods, and 
other account terms. The requirements for creating and disseminating 
account disclosures, change in terms notices, term share renewal 
notices, statement disclosures, and advertising disclosures are 
necessary to implement TISA's purpose of providing the public with 
information that will permit informed comparisons of accounts at 
depository institutions.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 336,919.
    OMB Number: 3133-0166.
    Type of Review: Extension of a previously approved collection.
    Title: Home Mortgage Disclosure Act (HMDA), 12 CFR 1003 (Regulation 
C).
    Abstract: The collection of this data is required under the Home 
Mortgage Disclosure Act. The information collection is intended to 
provide the public with loan data that can be used to help determine 
whether financial institutions are serving the housing needs of their 
communities; to assist public officials in distributing public-sector 
investments so as to attract private investment to areas where it is 
needed; and to assist in identifying possible discriminatory lending 
patterns and enforcing anti-discrimination statutes.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 145,886.
    OMB Number: 3133-0167.
    Type of Review: Extension of a previously approved collection.
    Title: Foreign Branching, 12 CFR 741.11.
    Abstract: This collection covers the additional information a 
credit union must provide to establish a branch office outside the 
United States (except for U.S. embassies and military installations). 
The application must include (1) a business plan, (2) written approval 
by the state supervisory agency if the applicant is a state-chartered 
credit union, and (3) documentation evidencing written permission from 
the host country to establish the branch that explicitly recognizes 
NCUA's authority to examine and take any enforcement actions, including 
conservatorship and liquidation actions.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 33.
    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 
performance 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 the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2023-17047 Filed 8-8-23; 8:45 am]
BILLING CODE 7535-01-P