APPROVED. THE BURDEN HOURS HAVE BEEN REVISED AS FOLLOWS: INITIALLY, BURDEN WAS 32,490 RESPONSES x 1 HOUR = 32,490 HOURS. THE NUMBER OF RESPONSES IS REESTIMATED TO BE 30,838 AND BURDEN IS REESTIMATED TO BE 30,838 REPONSES x 1 HOUR = 30,838 HOUR FOR AN ADJUSTMENT DECREASE OF 1,652 HOURS. NEXT, THE BURDEN HOURS PER RESPONSE IS INCREASED TO 1.25 HOURS DUE TO NEW DATA COLLECTED AND BURDEN IS 30,838 RESPONSES x 1.25 HOURS = 38,548 HOURS, FOR A PROGRAM CHANGE INCREASE OF 7,710 HOURS.
Inventory as of this Action
Requested
Previously Approved
12/31/1990
12/31/1990
12/31/1987
30,838
0
32,490
38,548
0
32,490
0
0
0
THE SEMINNAUL FINANCIAL AND STATISTICAL REPORTS PROVIDE INFORMATION ON CREDIT UNIONS NECESSARY FOR SUPERVISORY PURPOSES, INTERNAL MANAGEMENT, POLICY AND REGULATORY DECISIONS AND RESEARCH. THE REPORTS ARE ALSO THE BASIS FOR PREPARING NCUA'S LEGALLY MANDATED ANNUAL REPORT AND PROVIDE IMPORTANT FEEDBACK TO CREDIT UNION OFFICIALS. 12 CFR 741.1 REQUIRES FEDERALLY INSURED CREDIT UNIONS TO SUBMIT THE REPORT.
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:
(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;
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.
SEMI-ANNUAL FINANCIAL AND STATISTICAL REPORT