[Federal Register Volume 88, Number 188 (Friday, September 29, 2023)]
[Notices]
[Page 67373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21495]


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NATIONAL CREDIT UNION ADMINISTRATION


Renewal of Agency Information Collections for Comments Request: 
Proposed Collections

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comments.

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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: Written comments should be received on or before November 28, 
2023 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mahala Vixamar, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite 
5067; Fax No. 703-519-8579; or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Mahala Vixamar at (703) 718-1155.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0061.
    Title: Central Liquidity Facility, 12 CFR part 725.
    Type of Review: Extension of a previously approved collection.
    Abstract: Part 725 contains the regulations implementing the 
National Credit Union Central Liquidity Facility Act, subchapter III of 
the Federal Credit Union Act. The NCUA Central Liquidity Facility is a 
mixed-ownership Government corporation within the NCUA. It is managed 
by the NCUA Board and is owned by its member credit unions. The purpose 
of the Facility is to improve the general financial stability of credit 
unions by meeting their liquidity needs and thereby encourage savings, 
support consumer and mortgage lending and provide basic financial 
resources to all segments of the economy. The Central Liquidity 
Facility achieves this purpose through operation of a Central Liquidity 
Fund (CLF). The collection of information under this part is necessary 
for the CLF to determine credit worthiness, as required by 12 U.S.C 
1795e (2).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 691.
    OMB Number: 3133-0141.
    Title: Organization and Operations of Federal Credit Unions--Loan 
Participation, 12 CFR 701.22.
    Type of Review: Extension of a previously approved collection.
    Abstract: The NCUA Rules and Regulations, sections 701.22 and 
741.225, outline the requirements for a loan participation program. 
FICUs are required to execute a written loan participation agreement 
with the lead lender. Additionally, the rule requires all FICUs to 
maintain a loan participation policy that establishes underwriting 
standards and maximum concentration limits. Credit unions may apply for 
waivers on certain key provisions of the rule.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 3,025.
    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. 2023-21495 Filed 9-28-23; 8:45 am]
BILLING CODE 7535-01-P