Bank Conversions and Mergers, 12 CFR 708a

Forms and Documents

Document	Type	Status	Availability
12CFR708a_(1-1-17 ED).pdf	Supplementary Document	Uploaded 2017-06-12	Available
NPRM_3133-0182_708a_Supporting_Statement_060817.docx	Supporting Statement A	Uploaded 2017-06-09	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
193059	12 CFR 708a, Subpart C - Merger of Insured Credit Unions into Banks		Modified
193058	12 CFR 708a, Subpart A - Conversion of Insured Credit Unions to Mutual Savings Banks		Modified

ICR Details

OMB Control No: 3133-0182	ICR Reference No: 201705-3133-004
Status: Historical Inactive	Previous ICR Reference No: 201508-3133-001
Agency/Subagency: NCUA	Agency Tracking No: OGC
Title: Bank Conversions and Mergers, 12 CFR 708a
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 11/19/2017
	Date Received in OIRA: 06/12/2017
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2019	36 Months From Approved	10/31/2019
Responses	2	0	2
Time Burden (Hours)	710	0	710
Cost Burden (Dollars)	0	0	0

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Abstract: Credit union members need the information to evaluate the conversion and merger proposals on which they are to vote. NCUA needs the information to fulfill its statutory duty to administer the membership and to approve or disapprove the merger.

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Authorizing Statute(s): US Code: 12 USC 1785(b)(c) 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:
3133-AE73	Proposed rulemaking	82 FR 26605	06/08/2017

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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: 2

IC Title	Form No.	Form Name
12 CFR 708a, Subpart A - Conversion of Insured Credit Unions to Mutual Savings Banks
12 CFR 708a, Subpart C - Merger of Insured Credit Unions into Banks

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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: No

Burden Reduction Due to:

Short Statement: An increase of two hours is requested on Federal Credit Unions to clarify under §§ 708a.104(f)(3) and 708a.305(g)(3) of the member-to-member communication circumstances where a member wishes to reply to a member-to-member communication sent by e-mail.

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Annual Cost to Federal Government: $10,500

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: 06/12/2017

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