Interagency Policy Statement on Funding and Liquidity Risk Management

Forms and Documents

Document	Type	Status	Availability
3133-0180 Funding and Liquidity Risk Management - FINAL.docx	Supporting Statement A	Uploaded 2014-12-11	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
208944	Small Credit Unions under $250 million in Assets - Section 20	Other-Null	Removed
208943	Mid -Size Credit Unions between $250 million - $10 billion - Section 20	Other-Null	Removed
192991	Large Credit Unions with Over $10 billion in Assets - Section 20	Other-null	Removed
192990	Small Credit Unions under $250 million in Assets	Instruction	Modified
192989	Mid -Size Credit Unions between $50 million - $250 million	Instruction	Modified
192986	Large Credit Unions with Over $250 Million in assets	Instruction	Modified

ICR Details

OMB Control No: 3133-0180	ICR Reference No: 201412-3133-004
Status: Historical Active	Previous ICR Reference No: 201310-3133-009
Agency/Subagency: NCUA	Agency Tracking No:
Title: Interagency Policy Statement on Funding and Liquidity Risk Management
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: 04/08/2015
	Date Received in OIRA: 12/11/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2018	36 Months From Approved
Responses	6,468	0	0
Time Burden (Hours)	4,749	0	0
Cost Burden (Dollars)	151,446	0	0

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Abstract: The agencies have identified two sections of the policy statement that fall under the definition of an information collection: Sec. 14 (strategic planning and budgeting) and Sec. 20 (liquidity reporting).

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Authorizing Statute(s): US Code: 12 USC 1751 Name of Law: Federal Credit Union Act
  

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:
	78 FR 45572	07/29/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 54684	09/05/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Small Credit Unions under $250 million in Assets
Large Credit Unions with Over $250 Million in assets
Mid -Size Credit Unions between $50 million - $250 million
Large Credit Unions with Over $10 billion in Assets - Section 20
Mid -Size Credit Unions between $250 million - $10 billion - Section 20
Small Credit Unions under $250 million in Assets - Section 20

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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	6,468	0	0	-13,064	-81,036	100,568
Annual Time Burden (Hours)	4,749	0	0	-237,283	-162,072	404,104
Annual Cost Burden (Dollars)	151,446	0	0	151,446	0	0

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to: Changing Regulations

Short Statement: NCUA changed the definition of Large, Medium, and Small Credit Unions, therefore reducing the number of ICs from 6 to 3, however increasing the number of respondents for each category of large, medium, and small credit union. Although, it seems to be an increase in burden overall there was a reduction in burden, since the policy should be already in place, so there is no need to create but only maintain a policy.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 12/11/2014

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