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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3133-0129
ICR Reference No:
200611-3133-001
Status:
Historical Active
Previous ICR Reference No:
200301-3133-003
Agency/Subagency:
NCUA
Agency Tracking No:
Title:
Corporate Credit Unions
Type of Information Collection:
Reinstatement with change of a previously approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
02/05/2007
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/12/2006
Terms of Clearance:
Note that this is the second time that the authorization for this collection has been allowed to expire, necessitating later reinstatement. Do avoid a recurrence. Also note that the change in burden is due to adjusting the agency estimate, not program actions by the agency. I have edited. Moreover, for the line of business, consider "Economic development" and "financial sector oversight."
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2010
36 Months From Approved
Responses
31
0
0
Time Burden (Hours)
75,454
0
0
Cost Burden (Dollars)
1,937,996
0
0
Abstract:
Part 704 of NCUS's Rules and Regulations direct corporate credit unions to maintain records concerning their activities.
Authorizing Statute(s):
US Code:
12 USC 1762, 1766(a), 1781, & 1789
Name of Law: Federal Credit Union Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
71 FR 53714
09/12/2006
30-day Notice:
Federal Register Citation:
Citation Date:
71 FR 62020
10/20/2006
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Corporate Credit Unions
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
31
0
0
0
-3
34
Annual Time Burden (Hours)
75,454
0
0
0
5,312
70,142
Annual Cost Burden (Dollars)
1,937,996
0
0
0
-310,004
2,248,000
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
There are no program changes from the submission three years ago. The estimated hour burden is higher and the estimated cost burden is lower than were projected in the previous submission. Previous estimated hour burden: 70,142, current estimated hour burden: 75,454. The overall increase in hour burden is due to the decline in the number of corporate credit unions, increase in number of corporate credit unions that applied and were approved for expanded authority (7 versus 5), and a decline in the number of corporate credit unions with assets in excess of $400 million. Those corporates that merged did not have the expanded authorities associated with the higher hour burden. Therefore, the number of hours is divided among a smaller group of corporate credit unions. Previous estimated cost burden: $2,248,000, current estimated cost burden: $1,937,996. The actual cost burden per corporate declined ($62,516 versus $66,118), and the total cost burden declined as that cost burden per corporate was applied to a smaller pool of corporate credit unions (31 versus 34).
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
George Curtis 703 518-6652
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
12/12/2006
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