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
04/30/2018
36 Months From Approved
04/30/2018
7
0
7
2,250
0
2,250
0
0
0
To protect the National Credit Union
Share Insurance Fund (NCUSIF) and the credit union system, the
largest Federally Insured Credit Unions (FICUs) must have systems
and processes to monitor and maintain their capital adequacy. The
rule requires covered credit unions to develop and maintain a
capital plan and submit this plan to NCUA by May 31 of each year.
The rule applies to all FICUs that report $10 billion or more in
assets on their March 31 Call Report.
This is a revision to a
currently approved collection. Tier 2 and 3 covered credit unions
will now conduct their own stress testing in such a manner
prescribed by NCUA. An increase of 500 burden hours is attributed
to this program change. A total of 2,750 burden hours
requested.
$41,650
No
No
No
No
No
No
Uncollected
Dale Klein 703 518-6629
No
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.