Agency information collection activities: Proposed collection; comment request,

[Federal Register: April 17, 1998 (Volume 63, Number 74)]

[Notices]

[Page 19276]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr17ap98-83]

NATIONAL CREDIT UNION ADMINISTRATION

Agency Information Collection Activities: Submission to OMB for Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

SUMMARY: The NCUA has submitted the following revised information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (P.L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.

DATES: Comments will be accepted until June 16, 1998.

ADDRESSES: Interested parties are invited to submit written comments to NCUA Clearance Officer or OMB Reviewer listed below:

Clearance Officer: Mr. James L. Baylen (703) 518-6411, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314- 3428, Fax No. 703-518-6433, E-mail: jbaylen@ncua.gov. OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of Management and Budget, Room 10226, New Executive Office Building, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Copies of the information collection requests, with applicable supporting documentation, may be obtained by calling the NCUA Clearance Officer, James L. Baylen, (703) 518-6411.

SUPPLEMENTARY INFORMATION: Proposal for the following collection of information:

OMB Number: 3133-0149.

Form Number: NCUA 5300.

Type of Review: Revision of a currently approved collection.

Title: 12 CFR 701.26, 701.27, 701.36(a)(4)(iv), 704.11(e) and part 712--Credit Union Service Organization Rule.

Description: The final regulation updates, clarifies and streamlines existing rules concerning credit union service organizations (CUSOs), a common means of outside provision of services to federal credit unions (FCUs) and to credit union members.

The final rule clarifies NCUA's authority to review CUSO books, records, and operations, adds corporate separateness requirements and additional permissible services, changes the legal opinion requirements, maintains safety and soundness criteria, and ensures the continuity and growth of services to FCUs and their members conducted through CUSOs.

Respondents: Credit unions with CUSOs.

Estimated No. of Respondents/Recordkeepers: 3,357.

Estimated Burden Hours Per Response: 1.17 hours.

Frequency of Response: Annually.

Estimated Total Annual Burden Hours: 4,566.

Estimated Total Annual Cost: $1,921,000.

By the National Credit Union Administration Board on April 10, 1998. Becky Baker, Secretary of the Board.

[FR Doc. 98-10221Filed4-16-98; 8:45 am]

BILLING CODE 7535-01-U