Central Liquidity Facility, 12 CFR Part 725

Forms and Documents

Document	Type	Status	Availability
Form CLF-8702 Central Liquidity Facility	Form and Instruction	Modified	Repair queued
Final_3133-0061_Supporting Statement_082919.docx	Supporting Statement A	Uploaded 2019-08-30	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
32708	Central Liquidity Facility	Form and Instruction	Modified

ICR Details

OMB Control No: 3133-0061	ICR Reference No: 201903-3133-001
Status: Historical Active	Previous ICR Reference No: 201606-3133-001
Agency/Subagency: NCUA	Agency Tracking No: E&I
Title: Central Liquidity Facility, 12 CFR Part 725
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/15/2019
	Date Received in OIRA: 08/30/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2022	36 Months From Approved	10/31/2019
Responses	20	0	60
Time Burden (Hours)	14	0	175
Cost Burden (Dollars)	0	0	0

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Abstract: Part 725 contains the regulations implementing the National Credit Union Central Liquidity Facility Act, subchapter III of the Federal Credit Union Act. The NCUA Central Liquidity Facility is a mixed-ownership Government corporation within NCUA. It is managed by the NCUA Board and is owned by its member credit unions. The purpose of the Facility is to improve the general financial stability of credit unions by meeting their liquidity needs and thereby encourage savings, support consumer and mortgage lending and provide basic financial resources to all segments of the economy. The Central Liquidity Facility achieves this purpose through operation of a Central Liquidity Fund (CLF). The collection of information under this part is necessary for the CLF to determine credit worthiness, as required by 12 U.S.C 1795e(2).

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Authorizing Statute(s): US Code: 12 USC Subchapter III Name of Law: National Credit Union Central Liquidity Facility 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:
	84 FR 28101	06/17/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 45536	08/29/2019
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
Central Liquidity Facility	CLF-8702, NCUA-7004, NCUA-7003, NCUA-7001, CLF-8703, NCUA-7002, 8700C	Application and Agreements for Regular Membership in the CUA Central Liquidity Facility ,   NCUA Central Liquidity Facility Repayment, Security and Credit Reporting Agreement ,   Request for Funds ,   Statement of Cash Receipts and Disbursements ,   Cash Flow Projections ,   Seasonal Flow Computation ,   Agent Membership Agreement

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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	20	60	0	0	-40	0
Annual Time Burden (Hours)	14	175	0	0	-161	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The burden has been adjusted to reflect actual activity under the CLF program. The number of respondents have been reduced from the 60 reported in the previous PRA submission, to 5 respondents. A total of 14 burden hours requested.

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Annual Cost to Federal Government: $943

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 08/30/2019

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