Submission for OMB Review; Comment Request
Federal Register, Volume 81 Issue 121 (Thursday, June 23, 2016)
Federal Register Volume 81, Number 121 (Thursday, June 23, 2016)
Notices
Pages 40927-40928
From the Federal Register Online via the Government Publishing Office www.gpo.gov
FR Doc No: 2016-14882
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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 request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.
DATES: Comments should be received on or before July 25, 2016 to be assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@OMB.EOP.gov and (2) NCUA PRA Clearance Officer, 1775 Duke Street, Alexandria, VA 22314-3428 or email at PRAComments@ncua.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be obtained by emailing PRAComments@ncua.gov or viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION: OMB Number: 3133-0140.
Page 40928
Type of Review: Reinstatement, with change, of a previously approved collection.
Title: Secondary Capital for Low-Income Designated Credit Unions.
Abstract: Section 701.34 (b) of NCUA's regulations provide that designated low income credit unions (LICU) may accept secondary capital under certain conditions. This collection of information is necessary to obtain the information needed to ensure compliance with requirements related to acceptance and management of secondary capital. For those LICUs wishing to exercise their option to access secondary capital, NCUA requires that credit unions accepting secondary capital must develop and submit a plan for its acquisition, use and repayment. The information is used by NCUA to determine if the secondary capital will be managed by the credit union without risk to its financial condition, the U.S. government or the National Credit Union Share Insurance Fund.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 1,080.
By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on June 20, 2016.
Dated: June 20, 2016.
Troy S. Hillier,
NCUA PRA Clearance Officer.
FR Doc. 2016-14882 Filed 6-22-16; 8:45 am
BILLING CODE 7535-01-P
