[Federal Register Volume 89, Number 119 (Thursday, June 20, 2024)]
[Notices]
[Pages 51909-51910]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-13504]


=======================================================================
-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

SUMMARY: As required by the Paperwork Reduction Act of 1995, The 
National Credit Union Administration (NCUA) is

[[Page 51910]]

submitting the following extensions and revisions of currently approved 
collections to the Office of Management and Budget (OMB) for renewal.

DATES: Written comments should be received on or before July 22, 2024 
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 at (703) 718-1155, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-.
    Title:
    Type of Review:
    Abstract: Dodd Frank Act amended section 308 of the FIRREA to 
require NCUA, Office of the Comptroller of Currency, and the Federal 
Reserve Board to establish a program to comply with its goals to 
preserve and encourage Minority Depository Institutions (MDIs). The 
NCUA Board issued Interpretive Ruling and Policy Statement (IRPS) 13-1 
establishing a MDI preservation program to comply with FIRREA section 
308 goals. The IRPS identifies the procedure for a federally insured 
credit union to determine and document its ability to designate itself 
as a MDI, resulting in the ability to participate in the Program.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 492.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 492.
    Estimated Hours per Response: 0.745934959.
    Estimated Total Annual Burden Hours: 367.
    Reason for Change: The number of respondents increased and the 
estimated annual burden hours increased.

    OMB Number: 3133-.
    Title:
    Type of Review:
    Abstract: This collection of information is set forth in NCUA 
regulations at 12 CFR part 760 and is required by the National Flood 
Insurance Reform Act of 1994's amendments to the National Flood 
Insurance Act of 1968 and the Flood Disaster Protection Act of 1973 
(Flood Act). 42 U.S.C. 4001 et seq. The collection of information 
pertains to loans secured by buildings and mobile homes located or to 
be located in areas determined by the Director of the Federal Emergency 
Management Agency (FEMA) to have special flood hazards.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 3,229.
    Estimated Number of Responses per Respondent: 522.600497.
    Estimated Total Annual Responses: 1,687,477.
    Estimated Hours per Response: 0.060062448.
    Estimated Total Annual Burden Hours: 101,354.
    Reason for Change: The number of respondents decreased, and the 
estimated annual burden hours decreased.

    OMB Number: 3133-.
    Title:
    Type of Review:
    Abstract: The National Credit Union Administration (NCUA) Federal 
Credit Union Act, 12 U.S.C. 1757(7), 1757(8), 1757(15), lists 
securities, deposits, and other obligations in which a Federal Credit 
Union (FCU) may invest. The regulations related to these areas are 
contained in part 703 and section 721.3 of the NCUA Rules and 
Regulations which set forth requirements related to maintaining an 
adequate investment program. The information collected is used by the 
NCUA to determine compliance with the appropriate sections of the NCUA 
Rules and Regulations and Federal Credit Union Act, which governs 
investment and deposit activities on the basis of safety and soundness 
concerns. It is used to determine the level of risk that exists within 
a credit union, the actions taken by the credit union to mitigate such 
risk, and helps prevent losses to federal credit unions and the 
National Credit Union Share Insurance Fund (NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 4,604.
    Estimated Number of Responses per Respondent: 33.283666.
    Estimated Total Annual Responses: 153,238.
    Estimated Hours per Response: 0.326674846.
    Estimated Total Annual Burden Hours: 50,059.
    Reason for Change: The number of respondents increased, and the 
estimated annual burden hours decreased.
    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. 2024-13504 Filed 6-18-24; 8:45 am]
BILLING CODE 7535-01-P