Records Preservation under 12 CFR Part 749

Forms and Documents

Document Name	Status
0032 Justification 2007.doc Supporting Statement A	2007-07-23

IC Document Collections

IC ID	Document Title	Status
32684	Records Preservation	Modified

ICR Details

OMB Control No: 3133-0032	ICR Reference No: 200707-3133-001
Status: Historical Active	Previous ICR Reference No: 200301-3133-004
Agency/Subagency: NCUA	Agency Tracking No:
Title: Records Preservation under 12 CFR Part 749
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/16/2007
	Date Received in OIRA: 07/26/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2010	36 Months From Approved
Responses	8,420	0	0
Time Burden (Hours)	16,933	0	0
Cost Burden (Dollars)	842,000	0	0

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Abstract: Part 749 of the NCUA Regulations directs each credit union to have a vital records preservation program that includes procedures for maintaining duplicate vital records at a location far enough from the credit union's offices to avoid the simultaneous loss of both sets of records in the event of disaster. A proposed regulatory amendment requires the program be in writing and include emergency contact information for employees, officials, regulatory offices, and vendors used to support vital records.

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Authorizing Statute(s): US Code: 12 USC 1783 Name of Law: National Credit Union Share Insurance Fund
   US Code: 12 USC 1789 Name of Law: Administrative Provisions
   US Code: 12 USC 1766 Name of Law: Powers of Board and Administration personnel
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 6605	02/12/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 34485	06/22/2007
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
Records Preservation

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	8,420	0	0	0	-31,516	39,936
Annual Time Burden (Hours)	16,933	0	0	93	-3,128	19,968
Annual Cost Burden (Dollars)	842,000	0	0	0	-156,000	998,000

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The total annual burden has decreased from previous reporting primarily because of a drop in the number of FICUs from 9,984 to 8,420.

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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: 07/26/2007

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