98-30490. Agency Information Collection Activities: Submission to OMB for Review; Comment Request

[Federal Register Volume 63, Number 220 (Monday, November 16, 1998)]
[Notices]
[Page 63750]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30490]


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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.

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SUMMARY: The NCUA is submitting the following extension of a currently 
approved 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 January 15, 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 [phone], National Credit 
Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-
3428, Fax No. 703-518-6433, E-mail: [e-mail]
OMB Reviewer: Alexander T. Hunt [phone], Office of Management 
and Budget, Room 10226, New Executive Office Building, Washington, DC 
20503

FOR FURTHER INFORMATION CONTACT: Copies of the information collection 
request, with applicable supporting documentation, may be obtained by 
calling the NCUA Clearance Officer, James L. Baylen, [phone].

SUPPLEMENTARY INFORMATION: To ensure that federal credit unions make 
safe and sound investments, the rule requires that they establish 
written investment policies and review them annually, document details 
of the individual investments monthly, ensure adequate broker/dealer 
selection criteria and record credit decisions regarding deposits in 
certain financial institutions.
    OMB Number: 3133-0133.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: 12 CFR 703 Investment and Deposit Activities.
    Respondents: 6,900.
    Estimated No. of Respondents/Recordkeepers: 6,900.
    Estimated Burden Hours Per Response: 42.8 hours.
    Frequency of Response: Other.
    Estimated Total Annual Burden Hours: 295,481.
    Estimated Total Annual Cost: N/A.

    By the National Credit Union Administration Board on November 1, 
1998.
Becky Baker,
Secretary of the Board.
[FR Doc. 98-30490 Filed 11-13-98; 8:45 am]
BILLING CODE 7535-01-U