Central Liquidity Facility, 12 CFR Part 725

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form CLF-8702 Central Liquidity Facility	Form and Instruction	Modified	Available
Signed Memo_Emgy Justification_CLF_IFR_040620.pdf	Supplementary Document	Uploaded 2020-04-06	Available
12CFR725_(1-1-20 ED).pdf	Supplementary Document	Uploaded 2020-04-02	Available
FINAL_SS_3133-0061_EMGY_IFR_040220.docx	Supporting Statement A	Uploaded 2020-04-14	Available

IC Document Collections

Information collection document groups

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

ICR Details

OMB Control No: 3133-0061	ICR Reference No: 202005-3133-004
Status: Active	Previous ICR Reference No: 201903-3133-001
Agency/Subagency: NCUA	Agency Tracking No: E&I
Title: Central Liquidity Facility, 12 CFR Part 725
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/12/2020
	Date Received in OIRA: 05/12/2020
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2020	6 Months From Approved	10/31/2022
Responses	1,146	0	20
Time Burden (Hours)	691	0	14
Cost Burden (Dollars)	0	0	0

---

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).

---

Authorizing Statute(s): US Code: 12 USC 1795f(a)(2) Name of Law: National Credit Union Central Liquidity Facility Act
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3133-AF15	Final or interim final rulemaking	85 FR 23731	04/29/2020

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Central Liquidity Facility	CLF-8702, NCUA-7004, NCUA-7003, NCUA-7001, CLF-8703, NCUA-7002, NCUA 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 Agreements

---

ICR Summary of Burden

table that charts list 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	1,146	20	0	1,126	0	0
Annual Time Burden (Hours)	691	14	0	677	0	0
Annual Cost Burden (Dollars)	0	0	0	0	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: No

Burden Reduction Due to:

Short Statement: NCUA is eliminating the six-month waiting period on Facility advances for a credit union that becomes a regular member. By removing these restrictions, NCUA can provide needed liquidity assistance in an expedited manner. The NCUA is also eliminating the waiting period for a credit union to terminate its membership in the Facility and understands that this flexibility is necessary to encourage the greatest number of eligible credit unions to join the Facility immediately and help the Agency, and the system at large, leverage these temporary measures and secure an adequate amount of external liquidity resources. By significantly increasing access to external funding, the Facility can better fulfill its central purpose to improve general financial stability by meeting the liquidity needs of credit unions. These temporary amendments to part 725 will increase the number of respondents from its current estimate of 5 annually to 269 during this period; with a total information collection burden of 691 hours requested.

---

Annual Cost to Federal Government: $88,232

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

---

Common Form ICR:  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:

(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: 04/14/2020

---