[Federal Register Volume 63, Number 250 (Wednesday, December 30, 1998)]
[Notices]
[Pages 71958-71959]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-34519]
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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 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
[[Page 71959]]
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. 98-34519 Filed 12-29-98; 8:45 am]
BILLING CODE 7535-01-U
