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[Federal Register Volume 89, Number 248 (Friday, December 27, 2024)]
[Notices]
[Pages 105637-105638]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30989]

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NATIONAL CREDIT UNION ADMINISTRATION

Renewal of Agency Information Collection of a Previously Approved 
Collection; Request for Comments

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice of submission to the Office of Management and Budget.

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SUMMARY: As required by the Paperwork Reduction Act of 1995, The 
National Credit Union Administration (NCUA) is submitting the following 
extensions and revisions of currently approved collections to the 
Office of Management and Budget (OMB) for renewal.

DATES: Written comments should be received on or before January 27, 
2025 to be assured consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Madeleine Humm at (703) 518-6547, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0169.
    Title: Purchase of Assets and Assumptions of Liabilities, 12 CFR 
741.8.
    Type of Review: Revision of a currently approved collection.
    Abstract: In accordance with Sec.  741.8, federally insured credit 
unions (FICUs) must request approval from the NCUA prior to purchasing 
assets or assuming liabilities of a privately insured credit union, 
other financial institution, or their successor interest. A FICU 
seeking approval must submit a letter to the appropriate Regional 
Director stating the nature of the transaction, and include copies of 
relevant transaction documents. Relevant transactions documents may 
include, but are not limited to: the credit union's financial 
statements, strategic plan, and budget, inventory of the assets and 
liabilities to be transferred, and any relevant contracts or agreements 
regarding the transfer. NCUA will use the information to determine the 
safety and soundness of the transaction and risk to the National Credit 
Union Share Insurance Fund (NCUSIF).

[[Page 105638]]

    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 18.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 18.
    Estimated Hours per Response: 120.
    Estimated Total Annual Burden Hours: 2160.
    Reason for Change: There are no changes to the information 
collection since the last OMB approval. The increase in total burden 
hours by 240 hours reflects an increase in the number of respondents, 
not a change in the burden per submission.
    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 
performance 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 the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2024-30989 Filed 12-26-24; 8:45 am]
BILLING CODE 7535-01-P
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