[Federal Register Volume 84, Number 234 (Thursday, December 5, 2019)]
[Notices]
[Page 66699]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26238]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Maximum Borrowing Authority

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following extension of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before February 3, 
2020 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Suite 6032, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Dawn Wolfgang at the address above or telephone 703-548-
2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0168.
    Title: Maximum Borrowing Authority, 12 CFR 741.2.
    Type of Review: Extension of a currently approved collection.
    Abstract: The collection of information requirement is for those 
federally insured state-chartered credit unions seeking a waiver from 
the maximum borrowing limitation of 50% of paid-in and unimpaired 
capital and surplus. The credit union needs to submit a request to the 
regional director. The request must include a detailed safety and 
soundness analysis, a proposed aggregate amount, a letter from the 
state regulator approving the request and an explanation of the need 
for the waiver. This is necessary to protect the National Credit Union 
Share Insurance Fund.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 2.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 2.
    Estimated Burden Hours per Response: 8.
    Estimated Total Annual Burden Hours: 16.
    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 
execution 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 Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on December 2, 2019.

    Dated: December 2, 2019.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2019-26238 Filed 12-4-19; 8:45 am]
 BILLING CODE 7535-01-P