89 FR 248 pgs. 105637-105638 - Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments
Type: NOTICEVolume: 89Number: 248Pages: 105637 - 105638
Pages: 105637, 105638FR document: [FR Doc. 2024-30989 Filed 12-26-24; 8:45 am]
Agency: National Credit Union Administration
Official PDF Version: PDF Version
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NATIONAL CREDIT UNION ADMINISTRATION
Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments
AGENCY:
National Credit Union Administration (NCUA).
ACTION:
Notice of submission to the Office of Management and Budget.
SUMMARY:
As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following extensions and revisions of currently approved collections to the Office of Management and Budget (OMB) for renewal.
DATES:
Written comments should be received on or before January 27, 2025 to be assured consideration.
ADDRESSES:
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting "Currently under 30-day Review-Open for Public Comments" or by using the search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission may be obtained by contacting Madeleine Humm at (703) 518-6547, emailing PRAComments@ncua.gov, or viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0169.
Title: Purchase of Assets and Assumptions of Liabilities, 12 CFR 741.8.
Type of Review: Revision of a currently approved collection.
[top] Abstract: In accordance with §?741.8, federally insured credit unions (FICUs) must request approval from the NCUA prior to purchasing assets or assuming liabilities of a privately insured credit union, other financial institution, or their successor interest. A FICU seeking approval must submit a letter to the appropriate Regional Director stating the nature of the transaction, and include copies of relevant transaction documents. Relevant transactions documents may include, but are not limited to: the credit union's financial statements, strategic plan, and budget, inventory of the assets and liabilities to be transferred, and any relevant contracts or agreements regarding the transfer. NCUA will use the information to determine the safety and soundness of the transaction and risk to the National Credit Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 18.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Responses: 18.
Estimated Hours per Response: 120.
Estimated Total Annual Burden Hours: 2160.
Reason for Change: There are no changes to the information collection since the last OMB approval. The increase in total burden hours by 240 hours reflects an increase in the number of respondents, not a change in the burden per submission.
Request for Comments: Comments submitted in response to this notice will be summarized and included in the request for Office of Management and Budget approval. All comments will become a matter of public record. The public is invited to submit comments concerning: (a) whether the collection of information is necessary for the proper performance of the function of the agency, including whether the information will have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of the information on the respondents, including the use of automated collection techniques or other forms of information technology.
By the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2024-30989 Filed 12-26-24; 8:45 am]
BILLING CODE 7535-01-P