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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:
201011-3133-001
Status:
Historical Active
Previous ICR Reference No:
200611-3133-001
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:
11/18/2010
Retrieve Notice of Action (NOA)
Date Received in OIRA:
11/16/2010
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
11/30/2013
36 Months From Approved
Responses
154
0
0
Time Burden (Hours)
3,887
0
0
Cost Burden (Dollars)
194,350
0
0
Abstract:
Revisions to Part 704 of NCUA's Rules and Regulations related to corporate credit union capital, investments, asset-liability management, governance and credit union service organization 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
Other Documents for OIRA Review
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
74 FR 6004
02/04/2009
30-day Notice:
Federal Register Citation:
Citation Date:
74 FR 65210
12/09/2009
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
11
IC Title
Form No.
Form Name
Corporate Credit Unions - Investment Action Plans
Corporate Credit Unions - ALM Testing
Corporate Credit Unions - CUSO Approval Requests
Corporate Credit Unions - Capital Restoration Plans
Corporate Credit Unions - Compensation Disclosures
Corporate Credit Unions - Merger Related Disclosures
Corporate Credit Unions - Notice of Intent to Redeem Contributed Capital
Corporate Credit Unions - Notice of PCA Category Change
Corporate Credit Unions - Ratings Procurement
Corporate Credit Unions - Requests to Make Golden Parachute and Severance Payments
Corporate Credit Unions - Retained Earnings Accumulation Plans
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
154
0
0
123
-3
34
Annual Time Burden (Hours)
3,887
0
0
-71,567
5,312
70,142
Annual Cost Burden (Dollars)
194,350
0
0
-1,743,646
-310,004
2,248,000
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Changing Regulations
Short Statement:
NCUA has determined that capital and PCA aspects of the new rule revisions either modify existing or create new information collection requirements. Based on submitted comments related to the original proposed rule, NCUA eliminated some of the proposed testing requirements and also reduced the number of executives subject to compensation disclosure. These requirements and the burdens associated with them are explained in detail in questions #12 and #13 of the supporting statement.
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]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Ross Kendall 703 518-6540 rkendall@ncua.gov
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:
11/16/2010
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