3258 Federal Register / Vol. 80, No. 14 / Thursday, January 22, 2015 / Notices 

collection techniques or other forms of 

information technology. It is NCUA’s 

policy to make all comments available 

to the public for review. 

II. Data 

Title: Requirement for Insurance— 

Interest Rate Risk Policy. 

OMB Number: 3133–0184. 

Form Number: None. 

Type of Review: Extension of a 

currently approved collection. 

Description: Section 741.3(b)(5) of 

NCUA Rules and Regulations (12 CFR 

741.3(b)(5)) requires federally insured 

credit unions with more than $50 

million in assets to have a written IRR 

policy and an effective IRR management 

program as a condition for insurance. 

NCUA uses the information to evaluate 

credit unions’ compliance with the rule 

and to determine credit unions’ risk 

tolerances and consistency with their 

business strategies. 

Respondents: Federally insured credit 

unions with assets of more than $50 

million. 

Estimated No. of Respondents/Record 

keepers: 225. 

Frequency of Response: Once, then 

annual review. 

Estimated Burden Hours per 

Response: 16. 

Estimated Total Annual Burden 

Hours: 3,600. 

Estimated Total Annual Cost: None. 

By the National Credit Union 

Administration Board on January 14, 2015. 

Gerard Poliquin, 

Secretary of the Board. 

[FR Doc. 2015–00975 Filed 1–21–15; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Agency Information Collection 

Activities: Submission for Office of 

Management and Budget Review; 

Comment Request; for Extension of a 

Previously Approved Collection; 

Golden Parachutes and 

Indemnification Payments 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Request for comment. 

SUMMARY: NCUA is announcing that a 

proposed collection of information has 

been submitted to the Office of 

Management and Budget (OMB) for 

review and clearance under the 

Paperwork Reduction Act of 1995 (PRA) 

(Pub. L. 104–13, 44 U.S.C. Chapter 35). 

The purpose of this notice is to allow for 

30 days of public comment. This is 

related to NCUA’s regulation that 

prohibits, in certain circumstances, a 

federally insured credit union (FICU) 

from making golden parachute and 

indemnification payments to an 

institution-affiliated party (IAP). The 

regulation requires requests for a 

troubled FICU to make a severance or 

golden parachute payment to an IAP to 

be submitted in writing to NCUA. 

DATES: Comments will be accepted until 

February 23, 2015. 

ADDRESSES: Interested persons are 

invited to submit comments to: (i) Desk 

Officer for the National Credit Union 

Administration, 3133–0183, U.S. Office 

of Management and Budget, 725 17th 

Street NW., #10102, Washington, DC 

20503, or by email to: oirasubmission@

omb.eop.gov; and (ii) Jessica Khouri by 

mail at the National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, VA 22314–3428, by fax at 

Fax No. 703–837–2861, or by email at 

OCIOPRA@ncua.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information, a 

copy of the information collection 

request, or a copy of submitted 

comments should be directed to Jessica 

Khouri by mail at the National Credit 

Union Administration, 1775 Duke 

Street, Alexandria, VA 22314–3428, by 

fax at Fax No. 703–837–2861, or by 

email at OCIOPRA@ncua.gov. 

SUPPLEMENTARY INFORMATION: 

I. Abstract and Request for Comments 

NCUA is extending a previously 

approved collection of information for 

12 CFR 750, Golden Parachute and 

Indemnification Payments. Part 750 is 

NCUA’s regulation that prohibits, in 

certain circumstances, a FICU from 

making golden parachute and 

indemnification payments to an IAP. 

The collection of information 

requirement applies to troubled FICUs 

seeking approval to make a severance or 

golden parachute payment to an IAP. 

Specifically, § 750.6 requires requests 

for an FICU to make nondiscriminatory 

severance plan payments under 

§ 750.1(e)(2)(v) and golden parachute 

payments permitted by § 750.4 to be 

submitted in writing to NCUA. 

In NCUA’s experience, FICU requests 

to make severance and golden parachute 

payments within the scope of the rule 

do not occur often. NCUA estimates 

that, as of June 30, 2014, there are 6,429 

FICUs. Of those, there were 278 problem 

FICUs with CAMEL 4 or 5 ratings. Of 

those, 229 FICUs had less than $50 

million in total assets and an additional 

22 FICUs had less than $100 million in 

total assets. These smaller FICUs are 

unlikely to seek NCUA approval to 

make severance or golden parachute 

payments because these payments are 

more typically seen in the executive 

compensation of larger, more complex 

FICUs. Of the remaining 27 larger 

problem FICUs, NCUA anticipates no 

more than 20 percent would seek NCUA 

approval to make a severance or golden 

parachute payment. Accordingly, NCUA 

estimates that on an annual basis and 

across all FICUs, only approximately 

five FICUs will need to solicit NCUA 

approval in advance of making a 

severance or golden parachute payment 

within the scope of the rule and that 

preparing the request for approval may 

take four hours. Five FICUs times four 

hours per respondent equals 20 annual 

burden hours. 

In the Federal Register of November 

5, 2014 (79 FR 65711), NCUA published 

a 60-day notice requesting public 

comment on the proposed collection of 

information. NCUA received no 

comments during that period. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid OMB 

control number. 

NCUA requests that you send your 

comments on the information collection 

requirements to the locations listed in 

the addresses section. Your comments 

should address: (a) The necessity of the 

information collection for the proper 

performance of NCUA, including 

whether the information will have 

practical utility; (b) the accuracy of our 

estimate of the burden (hours and cost) 

of the collection of information, 

including the validity of the 

methodology and assumptions used; (c) 

ways we could enhance the quality, 

utility, and clarity of the information to 

be collected; and (d) ways we could 

minimize the burden of the collection of 

the information on the respondents such 

as through the use of automated 

collection techniques or other forms of 

information technology. It is NCUA’s 

policy to make all comments available 

to the public for review. 

II. Data 

Title: Golden Parachutes and 

Indemnification Payments. 

OMB Number: 3133–0183. 

Form Number: None. 

Type of Review: Extension of a 

previously approved collection. 

Description: Part 750 is NCUA’s 

regulation prohibit, in certain 

circumstances, a FICU from making 

golden parachute and indemnification 

payments to an IAP. The collection of 

information requirement only affects 

troubled FICUs seeking approval to 

make a severance or golden parachute 

payment to an IAP. Specifically, § 750.6 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 14 / Thursday, January 22, 2015 / Notices 3259 

requires requests for an FICU to make 

nondiscriminatory severance plan 

payments under § 750.1(e)(2)(v) and 

golden parachute payments permitted 

by § 750.4 to be submitted in writing to 

NCUA. 

Respondents: Federally Insured Credit 

Unions. 

Estimated No. of Respondents/

Recordkeepers: 5. 

Frequency of Response: Upon 

Request. 

Estimated Burden Hours per 

Response: 4. 

Estimated Total Annual Burden 

Hours: 20. 

Estimated Total Annual Cost: $800. 

By the National Credit Union 

Administration Board on January 14, 2015. 

Gerard Poliquin, 

Secretary of the Board. 

[FR Doc. 2015–00976 Filed 1–21–15; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Agency Information Collection 

Activities: Submission for Office of 

Management and Budget Review; 

Comment Request; for New Collection 

Involuntary Liquidation Proof of Claim 

Form and Instructions 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Request for comment. 

SUMMARY: NCUA is announcing that a 

proposed collection of information has 

been submitted to the Office of 

Management and Budget (OMB) for 

review and clearance under the 

Paperwork Reduction Act of 1995 (PRA) 

(Pub. L. 104–13, 44 U.S.C. Chapter 35). 

The purpose of this notice is to allow for 

30 days of public comment. NCUA is 

appointed the liquidating agent of a 

credit union when a credit union is 

placed into involuntary liquidation. 

NCUA is required to notify creditors of 

the liquidated credit union that they 

must submit claims, together with proof, 

to the liquidating agent. This is a onetime requirement to which creditors 

will respond by submitting the 

proposed Proof of Claim form. 

DATES: Comments will be accepted until 

February 23, 2015. 

ADDRESSES: Interested persons are 

invited to submit comments to: (i) Desk 

Officer for the National Credit Union 

Administration, 3133–NEW, U.S. Office 

of Management and Budget, 725 17th 

Street NW., #10102, Washington, DC 

20503, or by email to: oirasubmission@

omb.eop.gov; and (ii) Jessica Khouri by 

mail at the National Credit Union 

Administration, 1775 Duke Street, 

Alexandria, VA 22314–3428, by fax at 

Fax No. 703–837–2861, or by email to: 

OCIOPRA@ncua.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information, a 

copy of the information collection 

request, or a copy of submitted 

comments should be directed to Jessica 

Khouri by mail at the National Credit 

Union Administration, 1775 Duke 

Street, Alexandria, VA 22314–3428, by 

fax at Fax No. 703–837–2861, or by 

email at OCIOPRA@ncua.gov. 

SUPPLEMENTARY INFORMATION: 

I. Abstract and Request for Comments 

Section 709.4(b) of NCUA’s Rules and 

Regulations (12 CFR 709) requires the 

liquidating agent of a credit union 

placed into involuntary liquidation to 

publish a notice to creditors instructing 

creditors to present their claims to the 

liquidating agent by a specified date. 

Section 709.6 requires that any party 

wishing to submit a claim against the 

liquidated credit union must submit a 

written proof of claim. In addition, the 

liquidating agent may require claimants 

to submit supplemental evidence. The 

new collection of information 

requirement is that those creditors 

making a claim must document their 

claim and submit it to the liquidating 

agent by using the proposed Proof of 

Claim form. The liquidating agent 

notifies creditors of the need to submit 

a claim by means of a published notice 

or letters sent directly to creditors. 

Generally, one entity would have one 

claim against a credit union placed in 

liquidation. The liquidating agent 

would use the completed Proof of Claim 

form to determine a claim has been 

made against a liquidated credit union 

and evaluate the claim for payment. On 

occasion, the liquidating agent may 

require supplemental evidence from the 

claimant. NCUA estimates the 

liquidating agent will request ten 

percent (10%) of the claimants to 

furnish additional evidence to support 

the claim. 

In the Federal Register of June 17, 

2014 (79 FR34555), NCUA published a 

60-day notice requesting public 

comment on the proposed collection of 

information. NCUA received no 

comments. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it displays a currently valid OMB 

control number. 

NCUA requests that you send your 

comments on this collection to the 

locations listed in the addresses section. 

Your comments should address: (a) The 

necessity of the information collection 

for the proper performance of NCUA, 

including whether the information will 

have practical utility; (b) the accuracy of 

our estimate of the burden (hours and 

cost) of the collection of information, 

including the validity of the 

methodology and assumptions used; (c) 

ways we could enhance the quality, 

utility, and clarity of the information to 

be collected; and (d) ways we could 

minimize the burden of the collection of 

the information on the respondents such 

as through the use of automated 

collection techniques or other forms of 

information technology. It is NCUA’s 

policy to make all comments available 

to the public for review. 

II. Data 

Title: Involuntary Liquidation Proof of 

Claim Form and Instructions. 

OMB Number: 3133–NEW. 

Form Number: None. 

Type of Review: New Collection. 

Description: Section 709.4(b) of the 

NCUA Rules and Regulations (12 CFR 

709) requires the liquidating agent to 

publish notice to creditors, instructing 

creditors to present their claims to the 

liquidating agent by a specified date. 

Section 709.6 requires that creditors 

wishing to submit a claim against the 

liquidated credit union must submit a 

written proof of claim. Creditors would 

use the proposed Proof of Claim form to 

submit their claims. On occasion, the 

liquidating agent may require 

supplemental evidence from the 

claimant to support the claim. 

Respondents: Creditors making a 

claim against a liquidated credit union. 

Estimated No. of Respondents/

Recordkeepers: 220. 

Frequency of Response: On occasion. 

Estimated Burden Hours per 

Response: 1 hour. 

Estimated Total Annual Burden 

Hours: 220 hours. 

Estimated Total Annual Cost: 

$11,000. 

By the National Credit Union 

Administration Board on January 14, 2015. 

Gerard Poliquin, 

Secretary of the Board. 

[FR Doc. 2015–00973 Filed 1–21–15; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL SCIENCE FOUNDATION 

Proposal Review Panel for Materials 

Research; Notice of Meeting 

In accordance with the Federal 

Advisory Committee Act (Pub., L. 92– 

463 as amended), the National Science 

Foundation announces the following 

meeting: 


tkelley on DSK3SPTVN1PROD with NOTICES