National Credit Union Administration (NCUA).
NCUA is publishing this technical correction to correct an inadvertent burden calculation which appeared in prior notices published in the Federal Register and was also submitted to OMB for its Truth in Savings Act (TISA) information collection (OMB control number 3133-0134). The initial burden estimate is being reduced as described in question 12 of the TISA Supporting Statement, which also reduces the estimated annual burden hours. The erroneous calculation listed the estimated total annual burden hours at 43,456,180,359 hours. The amended submission, which contains the corrected burden hours, lists 9,899,116 estimated total annual burden hours (which combines the one-time annual burden of 2,759,929 hours and the continuing annual burden of 7,139,187 hours). NCUA calculated the burden hours using total estimated number of credit union members nationwide. This notice is published to notify the public of the correct burden calculations and to inform the public that, on November 7, 2013, NCUA amended its original submission to OMB with the corrected burden calculations shown in this notice below. Amended changes will be reflected at www.reginfo.gov after the collection has concluded the approval process.
12. Burden estimate: 
The estimated number of respondents includes the total number of credit unions based on the NCUA year-end call report data for 2012. The Credit Union National Association, a national trade association, contributed to information regarding privately-insured credit unions. The analysis assumes that all credit unions will collect the TISA information and, therefore, be subject to this rule.
Number of credit unions: 6,859.
Federal credit unions: 4,211.
State chartered, federally-insured credit unions: 2,507.
State chartered, privately-insured credit unions: 141.
Number of credit unions with assets under $10 million: 2,339.
| ||Responses subject to requirement||Estimated time per response||Annual reporting
|One-time burden 2|
|Notice to existing accountholders 3||95,032,999||1.5 minutes||2,375,825|
|Initial training and education of staff 4||13,718||16 hours||219,488|
|System updates 5||6,859||8 hours||54,872|
|Advertising updates 6||6,859||16 hours||109,744|
|One-Time Annual Burden||2,759,929|
|Continuing Annual Burden|
|New account/requested disclosures 7||1,988,244||5 minutes||165,687|
|Term account renewal notices 8||7,112,023||1 minute||118,534|
|Change-in-term notices 9||23,758,250||1 minute||395,971|
|Periodic Statements 10||380,131,996||1 minute||6,335,533|
|Advertising 11||6,859||10 hours||68,590|
|Continuing Training 12||13,718||4 hours||54,872|
|Continuing Annual Burden||7,139,187|
Start Printed Page 70074
By the National Credit Union Administration Board on November 18, 2013.
Secretary of the Board.
[FR Doc. 2013-28038 Filed 11-21-13; 8:45 am]
BILLING CODE 7535-01-P