Agency Information Collection Activities: Submission to OMB for Review; Comment Request

NATIONAL CREDIT UNION ADMINISTRATION

Agency Information Collection Activities: Submission to OMB for

Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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SUMMARY: The NCUA has submitted the following information collections

without changes 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). These information collections are published

to obtain comments from the public. These collections were published as

proposed on June 5, 1998. No comments relating to the information

collections were received within the 60 day comment period.

DATES: Comments will be accepted until September 8, 1998.

ADDRESSES: Interested parties are invited to submit written comments to

NCUA Clearance Officer or OMB Reviewer listed below:

Clearance Officer: Mr. James L. Baylen (703) 518-6411, National

Credit Union Administration, 1775 Duke Street, Alexandria, Virginia

22314-3428, Fax No. 703-518-6433, E-mail: [email protected].

OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of

Management and Budget, Room 10226, New Executive Office Building,

Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Copies of the information collection

requests, with applicable supporting documentation, may be obtained by

calling the NCUA Clearance Officer, James L. Baylen, (703) 518-6411.

SUPPLEMENTARY INFORMATION: Proposal for the following collection of

information:

OMB Number: 3133-0114.

Form Number: N/A.

Type of Review: Extension of a currently approved collection.

Title: Payment on Shares by Public Units and Nonmembers.

Description: 5 CFR 701.32 limits nonmember and public unit deposits

in federally insured credit unions to 20 percent of their shares or

$1.5 million, whichever is greater.

The collection of information requirement is for those credit

unions seeking an exemption from the aforementioned limit.

Respondents: Credit Unions seeking an exemption from the limits set

by 5 CFR 701.32 on share deposits by public unit and nonmember accounts

.

Estimated No. of Respondents/Recordkeepers: 20.

Estimated Burden Hours Per Response: 2 hours.

Frequency of Response: Other. As exemption is requested.

Estimated Total Annual Burden Hours: 40.

Estimated Total Annual Cost: N/A.

OMB Number: 3133-0116.

Form Number: NCUA 9600, NCUA 4401, NCUA 4221, NCUA 4505, NCUA 4506.

[[Page 42082]]

Type of Review: Extension of a currently approved collection.

Title: 12 U.S.C. 1771--Conversion from Federal to State Credit

Union and from State to Federal Credit Union.

Description: The forms constitute the application for an approval

of credit union conversions from federal to state charter and from

state to federal charter. Additionally, forms in the package contain

the application and approval for federal insurance of members accounts

in credit unions.

Respondents: Credit unions seeking to convert from federal to state

charter and from state to federal charter and non-federally insured

state chartered credit unions seeking federal share insurance.

Estimated No. of Respondents/Recordkeepers: 50.

Estimated Burden Hours Per Response: 4 hours.

Frequency of Response: Other. As credit unions seek approval to

convert charter or federal share insurance.

Estimated Total Annual Burden Hours: 200.

Estimated Total Annual Cost: N/A.

Becky Baker,

Secretary of the Board.

[FR Doc. 98-20950 Filed 8-5-98; 8:45 am]

BILLING CODE 7535-01-P