[Federal Register Volume 63, Number 74 (Friday, April 17, 1998)]
[Notices]
[Page 19276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-10221]


=======================================================================
-----------------------------------------------------------------------

NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

-----------------------------------------------------------------------

SUMMARY: The NCUA has submitted the following revised information 
collection to the Office of Management and Budget (OMB) for review and 
clearance under the Paperwork Reduction Act of 1995 (P.L. 104-13, 44 
U.S.C. Chapter 35). This information collection is published to obtain 
comments from the public.

DATES: Comments will be accepted until June 16, 1998.

ADDRESSES: Interested parties are invited to submit written comments to 
NCUA Clearance Officer or OMB Reviewer listed below:

Clearance Officer: Mr. James L. Baylen (703) 518-6411, National Credit 
Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-
3428, Fax No. 703-518-6433, E-mail: <a href="/cdn-cgi/l/email-protection#472d25263e2b2229072924322669202831"><span class="__cf_email__" data-cfemail="513b3330283d343f113f3224307f363e27">[email protected]</span></a>.
OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of Management 
and Budget, Room 10226, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Copies of the information collection 
requests, with applicable supporting documentation, may be obtained by 
calling the NCUA Clearance Officer, James L. Baylen, (703) 518-6411.

SUPPLEMENTARY INFORMATION: Proposal for the following collection of 
information:
    OMB Number: 3133-0149.
    Form Number: NCUA 5300.
    Type of Review: Revision of a currently approved collection.
    Title: 12 CFR 701.26, 701.27, 701.36(a)(4)(iv), 704.11(e) and part 
712--Credit Union Service Organization Rule.
    Description: The final regulation updates, clarifies and 
streamlines existing rules concerning credit union service 
organizations (CUSOs), a common means of outside provision of services 
to federal credit unions (FCUs) and to credit union members.
    The final rule clarifies NCUA's authority to review CUSO books, 
records, and operations, adds corporate separateness requirements and 
additional permissible services, changes the legal opinion 
requirements, maintains safety and soundness criteria, and ensures the 
continuity and growth of services to FCUs and their members conducted 
through CUSOs.
    Respondents: Credit unions with CUSOs.
    Estimated No. of Respondents/Recordkeepers: 3,357.
    Estimated Burden Hours Per Response: 1.17 hours.
    Frequency of Response: Annually.
    Estimated Total Annual Burden Hours: 4,566.
    Estimated Total Annual Cost: $1,921,000.

    By the National Credit Union Administration Board on April 10, 
1998.
Becky Baker,
Secretary of the Board.
[FR Doc. 98-10221 Filed 4-16-98; 8:45 am]
BILLING CODE 7535-01-U


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>