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View ICR - OIRA Conclusion

OMB Control No: 3133-0141	ICR Reference No: 201504-3133-001
Status: Historical Active	Previous ICR Reference No: 200301-3133-002
Agency/Subagency: NCUA	Agency Tracking No:
Title: Organization and Operations of Federal Credit Unions - Loan Participation, 12 C.F.R. 701.22
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: 02/18/2016
	Date Received in OIRA: 12/17/2015
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2019	36 Months From Approved	02/28/2006
Responses	1,526	0	1,000
Time Burden (Hours)	4,589	0	4,000
Cost Burden (Dollars)	146,344	0	100,000,000

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	1,526	1,000	526
Annual Time Burden (Hours)	4,589	4,000	589
Annual Cost Burden (Dollars)	146,344	100,000,000	-99,853,656

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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated burden has increased since the last OMB application. The current and anticipated number of credit unions conducting loan participations has increased by 515 credit unions because the rule was extended to include FISCUs. The total burden increased by 545 since the last Paperwork Reduction Act filing in 2002.

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