E7-18979. Agency Information Collection Activities: Submission to OMB for Review; Comment Request

AGENCY:

National Credit Union Administration (NCUA).

ACTION:

Request for comment.

SUMMARY:

The NCUA intends to submit the following information 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 is published to obtain comments from the public.

DATES:

Comments will be accepted until October 29, 2007.

ADDRESSES:

Interested parties are invited to submit written comments to the NCUA Clearance Officer listed below:

Clearance Officer: Mr. Neil McNamara, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-2861, E-mail: [e-mail].

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or a copy of the information collection request, should be directed to Tracy Sumpter at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428, or at [phone].

SUPPLEMENTARY INFORMATION:

Proposal for the following collection of information:

Title: Credit Committee Records.

OMB Number: 3133-0058.

Form Number: N/A.

Type of Review: Extension of a currently approved collection.

Description: The standard FCU Bylaws require an FCU to maintain records of its loan approvals and denials.

Respondents: All Federal Credit Unions.

Estimated No. of Respondents/Recordkeepers: 5,732.

Estimated Burden Hours per Response: 8 hours.

Frequency of Response: Recordkeeping. Other, twice a month.

Estimated Total Annual Burden Hours: 45,856 hours.

Estimated Total Annual Cost: $770,839.36.

By the National Credit Union Administration Board on September 20, 2007.

Mary Rupp,

Secretary of the Board.