95-3276. Public Information Collection Requirement Submitted to OMB for Review

[Federal Register Volume 60, Number 27 (Thursday, February 9, 1995)]
[Notices]
[Page 7796]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3276]



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NATIONAL CREDIT UNION ADMINISTRATION


Public Information Collection Requirement Submitted to OMB for 
Review

Date: January 26, 1995.
    The National Credit Union Administration submitted the following 
public information collection requirement to OMB for review and 
clearance under the Paperwork Reduction Act of 1980, Pub. L. 96-511. 
Copies of the submission may be obtained by calling the NCUA Clearance 
Officer listed. Comments regarding information collections should be 
addressed to the OMB reviewer listed and to the NCUA Clearance Officer, 
NCUA, Office of Administration, Room 4009, 1775 Duke Street, 
Alexandria, VA 22314-3428.

National Credit Union Administration

    OMB Number: 3133-004
    Form Number: NCUA 5300 and NCUA 5300S
    Type of Review: Reinstatement, with change, of previously approved 
collection.
    Title: Semiannual and Quarterly Financial and Statistical Report.
    Description: The financial and operational information collected is 
essential to NCUA in carrying out its responsibility for supervising 
federal credit unions. The information also enables NCUA to monitor 
federal credit unions and those credit unions, federal and state, whose 
share accounts are insured by the National Credit Union Share Insurance 
Fund (NCUSIF).
    Proposed changes to the 5300 Call Report are primarily in response 
to the increasing risks and complexity associated with today's 
investment environment and practices. On the Call Report Investment 
Schedule a new section has been added for reporting the aggregates of 
investments that are classified as Held-to-Maturity, Available-for-
Sale, and Trading. These classifications are required for compliance 
with Statement of Financial Accounting Standards 115. To the Call 
Report balance sheet has been added a line for reporting accumulated 
unrealized gains (losses) on available for sale securities. Also, a new 
line has been added to the Investment Schedule, under the Miscellaneous 
section, for the amount of investment in mortgage derivative products 
that are defined as high risk securities per NCUA's Interpretive Ruling 
and Policy Statement 92-1.
    Respondents: All credit unions.
    Estimated Number of Respondents: 12,300
    Estimated Burden Hours per Response: 8 hours.
    Frequency of Response: Quarterly and semiannually.
    Estimated Total Reporting Burden: 235,200 hours.
    Clearance Officer: Wilmer A. Theard [phone], National Credit 
Union Administration, Room 4009, 1775 Duke Street, Alexandria, VA 
22314-3428.
    OMB Reviewer: Milo Sunderhauf [phone], Office of Management 
and Budget, Room 3208, New Executive Office Building, Washington, DC 
20503.
Becky Baker,
Secretary of the NCUA Board.
[FR Doc. 95-3276 Filed 2-8-95; 8:45 am]
BILLING CODE 7535-01-M