FCU OWNERSHIP OF FIXED ASSETS

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
154550	FCU OWNERSHIP OF FIXED ASSETS Form	Migrated

ICR Details

OMB Control No: 3133-0040	ICR Reference No: 198410-3133-001
Status: Historical Inactive	Previous ICR Reference No: 198310-3133-010
Agency/Subagency: NCUA	Agency Tracking No:
Title: FCU OWNERSHIP OF FIXED ASSETS
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Disapproved and continue	Conclusion Date: 11/26/1984
	Date Received in OIRA: 10/02/1984
Terms of Clearance: Please resubmit this request when the final rule is prepared. Because this revision would increase paperwork burden, please explain and justify the choice of this threshold. Please include aggregate data of both currently affected CUs and those which would be affected under the revised rule. These data should include but not be limited to fixed assets by asset size and for those CUs exceeding or close to the 5% threshold, their rating of financial soundness.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/1986	09/30/1986	09/30/1986
Responses	80	0	80
Time Burden (Hours)	800	0	800
Cost Burden (Dollars)	0	0	0

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Abstract: 12 CFR 701.36 REQUIRES THAT CREDIT UNIONS WHITH $2 MILLION OR MORE IN ASSETS OBTAIN THE APPROVAL OF AGENCY PRIOR TO INVESTING IN FIXED ASSET IN EXCESS OF 5 PERCENT OF ASSETS.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
FCU OWNERSHIP OF FIXED ASSETS	2601-2, 206-3, FCU 109A&B, NCUA 2600, 2601, 2601-1

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Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 10/02/1984

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