99-3411. Agency Information Collection Activities: Submission to OMB for Review; Comment Request

[Federal Register Volume 64, Number 29 (Friday, February 12, 1999)]
[Notices]
[Page 7213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-3411]


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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 has submitted 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 (Pub. L. 
104-13, 44 U.S.C. Chapter 35). This information collection was 
originally published on November 16, 1998. No comments were received.

DATES: Comments will be accepted until March 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: Proposal for the following collection of 
information:
    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.
    Description: 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.
    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 February 4, 
1999.
Becky Baker,
Secretary of the Board.
[FR Doc. 99-3411 Filed 2-11-99; 8:45 am]
BILLING CODE 7535-01-P