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 final rule information

collection reinstatement with 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). This information

collection is published to obtain comments from the public. It was

published as a proposed rule on August 1, 1997. No comments relating to

the information collection were received within the 60 day comment

period.

DATES: Comments will be accepted until April 2, 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: 3133-0101.

Form Number: Final rule.

Type of Review: Final rule--reinstatement with change.

Title: 12 CFR 723.5--Develop written loan policies--and 723.11--

Provide waiver requests.

Description: The general purpose of the requirements imposed by the

rule is the ensure that loans are made, documented, and accounted for

properly and for the ultimate protection of the National Credit Union

Share Insurance Fund.

Respondents: Federally insured credit unions that make member

business loans.

Estimated No. of Respondents/Recordkeepers: 50.

Estimated Burden Hours Per Response: 2 hours.

Frequency of Response: Other. Information disclosures required are

made on an on-going basis.

Estimated Total Annual Burden Hours: 100.

Estimated Total Annual Cost: N/A.

By the National Credit Union Administration Board on February

25, 1998.

Becky Baker,

Secretary of the Board.

[FR Doc. 98-5454 Filed 3-2-98; 8:45 am]

BILLING CODE 7535-01-U