Agency information collection activities: Submission for OMB review; comment request,
[Federal Register: December 30, 1998 (Volume 63, Number 250)]
[Notices]
[Page 71958-71959]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30de98-108]
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 is resubmitting the following information collections without change 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). These information collections are published to obtain comments from the public.
DATES: Comments will be accepted until March 1, 1999.
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
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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: Proposals for the following collections of information:
OMB Number: 3133-0032.
Form Number: N/A.
Type of Review: Extension of a currently approved collection.
Title: Records Preservation. Part 749 of NCUA Regulations directs each credit union to store copies of their members' share and loan balances away from the credit union's premises.
Respondents: All Credit Unions.
Estimated No. of Respondents/Recordkeepers: 11,127.
Estimated Burden Hours Per Response: 2 hours.
Frequency of Response: Quarterly.
Estimated Total Annual Burden Hours: 22,254.
Estimated Total Annual Cost: $1,112,700.
OMB Number: 3133-0058.
Form Number: N/A.
Type of Review: Extension of a currently approved collection.
Title: Credit Committee Records. The standard Federal Credit Union (FCU) Bylaws require an FCU to maintain records of its loan approvals and denials.
Respondents: All Federal Credit Unions.
Estimated No. of Respondents/Recordkeepers: 6,888.
Estimated Burden Hours Per Response: 8 hours.
Frequency of Response: Other. Twice a month.
Estimated Total Annual Burden Hours: 55,104.
Estimated Total Annual Cost: $926,298.
OMB Number: 3133-0080.
Form Number: N/A.
Type of Review: Extension of a currently approved collection.
Title: Special Meetings of Federal Credit Union (FCU) Board. The standard FCU Bylaws require a written request from a majority of the FCU's directors to the FCU's president in order for the FCU to hold a special meeting of directors.
Respondents: All Federal Credit Unions.
Estimated No. of Respondents/Recordkeepers: 6,888.
Estimated Burden Hours Per Response: 2.5 hours.
Frequency of Response: On occasion.
Estimated Total Annual Burden Hours: 275.6.
Estimated Total Annual Cost: N/A.
OMB Number: 3133-0117.
Form Number: N/A.
Type of Review: Extension of a currently approved collection.
Title: Designation of Low Income Status. Credit unions that serve predominantly low income members must receive a low income designation from NCUA before they can accept deposits from all sources.
Respondents: Certain credit unions that serve predominantly low income members.
Estimated No. of Respondents/Recordkeepers: 15.
Estimated Burden Hours Per Response: 15 hours.
Frequency of Response: Other. Once.
Estimated Total Annual Burden Hours: 225.
Estimated Total Annual Cost: $3,600.
OMB Number: 3133-0052.
Form Number: N/A.
Type of Review: Extension of a currently approved collection.
Title: Federal Credit Union (FCU) Membership Applications and Denials. Article II, section 2 of the FCU Bylaws requires persons applying for membership in an FCU to complete an application. The Federal Credit Union Act directs the FCU to provide the applicant with written reasons when the FCU denies a membership application.
Respondents: All Federal Credit Unions.
Estimated No. of Respondents/Recordkeepers: 1,722.
Estimated Burden Hours Per Response: 1 hour.
Frequency of Response: On occasion.
Estimated Total Annual Burden Hours: 1,722.
Estimated Total Annual Cost: N/A.
OMB Number: 3133-0130.
Form Number: N/A.
Type of Review: Extension of a currently approved collection.
Title: Written Reimbursement Policy. Each Federal Credit Union (FCU) must draft a written reimbursement policy to ensure that the FCU makes payments to its director within the guidelines that the FCU has established in advance and to enable examiners to easily verify compliance by comparing the policy to the actual reimbursements.
Respondents: All Federal Credit Unions.
Estimated No. of Respondents/Recordkeepers: 6,897.
Estimated Burden Hours Per Response: 1 hour.
Frequency of Response: Other. Once and update.
Estimated Total Annual Burden Hours: 3,462.
Estimated Total Annual Cost: N/A.
By the National Credit Union Administration Board on December 21, 1998. Becky Baker, Secretary of the Board.
[FR Doc. 98-34519Filed12-29-98; 8:45 am]
BILLING CODE 7535-01-U
