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Agency Information Collection Activities: Submission to OMB for Reinstatement of a Previously Approved Collection; Comment Request

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National Credit Union Administration (NCUA).


Request for comment.


The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.


Comments will be accepted until December 13, 2011.


Interested parties are invited to submit written comments to NCUA contact or OMB Reviewer listed below:

NCUA: Tracy Crews, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-2861, E-mail:

OMB: Office of Management and Budget, Attn: Desk Officer for the Start Printed Page 63956National Credit Union Administration, Office of Information and Regulatory Affairs, Washington, DC 20503.

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Requests for additional information or a copy of the information collection request should be directed to Tracy Crews at the National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428, or at (703) 518-6444.

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Proposal for the following collection of information:

Title: 12 CFR 703 Investment and Deposit Activities.

OMB Number: 3133-0133.

Form Number: None.

Type of Review: Reinstatement of a previously approved collection.

Description: To ensure that federal credit unions make safe and sound investments, the rule requires that they establish written investment policies and review them annually, document details of the individual investments monthly, ensure adequate broker/dealer selection criteria and record credit decisions regarding deposits in certain financial institutions.

Respondents: Federal credit unions.

Estimated Number of Respondents/Recordkeepers: 5,732.

Estimated Burden Hours per Response: 46.15 hours.

Frequency of Response: Recordkeeping. Reporting. On Occasion. Quarterly.

Estimated Total Annual Burden Hours: 264,529 hours.

Estimated Total Annual Cost: None.

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By the National Credit Union Administration Board.

Dated: October 7, 2011.

Mary Rupp,

Secretary of the Board.

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[FR Doc. 2011-26580 Filed 10-13-11; 8:45 am]