99-6272. Agency Information Collection Activities: Submission to OMB for Review; Comment Request

[Federal Register Volume 64, Number 49 (Monday, March 15, 1999)]
[Notices]
[Page 12825]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-6272]



[[Page 12825]]

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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 extensions of currently 
approved collections to the Office of Management and Budget (OMB) for 
review and clearance under the Paperwork Reduction Act of 1995 (Public 
Law 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 May 14, 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 these information collection 
requests, with applicable supporting documentation, may be obtained by 
calling the NCUA Clearance Officer, James L. Baylen, [phone].

SUPPLEMENTARY INFORMATION: Proposal for the following collections of 
information:
    OMB Number: 3133-0057.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Monthly Board Meeting Minutes.
    Description: The Federal Credit Union (FCU) Act and the standard 
FCU bylaws require FCUs to maintain minutes of its board and member 
meetings.
    Respondents: Federal Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 6,888.
    Estimated Burden Hours Per Response: 3.25 hours.
    Frequency of Response: 13 meetings per year @ 15 minutes per 
meeting.
    Estimated Total Annual Burden Hours: 22,386.
    Estimated Total Annual Cost: N/A.

    OMB Number: 3133-0081.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Credit Union Bylaws and Certification, Bylaws, Article XIX, 
Section 5.
    Description: The standard FCU Bylaws require that each Credit Union 
maintain copies of important documents and election results.
    Respondents: Federal Credit Union board of directors.
    Estimated No. of Respondents/Recordkeepers: 6,888.
    Estimated Burden Hours Per Response: 12 minutes.
    Frequency of Response: 13 meetings per year @ 12 minutes per 
meeting.
    Estimated Total Annual Burden Hours: 1379.
    Estimated Total Annual Cost: N/A.

    OMB Number: 3133-0139.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Organization and Operation of Federal Credit Unions.
    Description: Federal Credit Unions wishing to pay lending-related 
incentives to employees must establish written policies.
    Respondents: Certain Federal Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Per Response: One.
    Frequency of Response: On Occasion.
    Estimated Total Annual Burden Hours: 1,000.
    Estimated Total Annual Cost: $25,000.

    OMB Number: 3133-0140.
    Form Number: N/A.
    Type of Review: Extension of a currently approved collection.
    Title: Secondary Capital for Low-Income Designated Credit Unions.
    Description: Low-income designated credit unions that offer 
secondary capital accounts must adopt a written plan, send a copy of 
their plan to their NCUA Regional Director, and have account contract 
documents and disclosure forms.
    Respondents: Certain Limited-Income Federal Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 26.
    Estimated Burden Hours Per Response: 3.
    Frequency of Response: On occasion.
    Estimated Total Annual Burden Hours: 78.
    Estimated Total Annual Cost: N/A.

    By the National Credit Union Administration Board on March 9, 
1999.
Becky Baker,
Secretary of the Board.
[FR Doc. 99-6272 Filed 3-12-99; 8:45 am]
BILLING CODE 7535-01-U