[Federal Register Volume 64, Number 175 (Friday, September 10, 1999)]
[Rules and Regulations]
[Pages 49079-49080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-23498]
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NATIONAL CREDIT UNION ADMINISTRATION
12 CFR Part 795
OMB Control Numbers
AGENCY: National Credit Union Administration (NCUA).
ACTION: Final rule.
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SUMMARY: NCUA is updating its listing displaying the Office of
Management and Budget (OMB) control numbers for information collection
requirements found in NCUA regulations. The Paperwork Reduction Act
mandates NCUA to make these revisions.
DATES: Effective September 10, 1999.
ADDRESSES: National Credit Union Administration, 1775 Duke Street,
Alexandria, Virginia 2314-3428.
FOR FURTHER INFORMATION CONTACT: Regina M. Metz, Staff Attorney,
Division of Operations, Office of General Counsel, at the above address
or telephone: (703) 518-6540.
SUPPLEMENTARY INFORMATION:
A. Background
The Paperwork Reduction Act requires that agencies display a
current OMB control number for each agency collection requirement found
in a regulation. NCUA is revising 795.1(b) to reflect changes in NCUA's
information collection requirements and OMB's control numbers for each
requirement.
B. Final Rule
The NCUA Board is issuing this regulation as a final rule because
of the strong public interest in updating the regulation, in accordance
with the requirements of Sec. 3507(f) of the Paperwork Reduction Act.
The rule is effective upon publication so that the NCUA can display the
current OMB control number for each information collection requirement
in NCUA's regulations. Accordingly, for good cause, the Board finds
that, pursuant to 5 U.S.C. 553(b)(3)(B), notice and public procedures
are impracticable, unnecessary, and contrary to the public interest;
and, pursuant to 5 U.S.C. 553(d)(3), the rule shall be effective
immediately and without 30 days advance notice of publication.
C. Regulatory Procedures
1. Regulatory Flexibility Act
The Regulatory Flexibility Act requires NCUA to prepare an analysis
to describe any significant economic impact any proposed regulation may
have on a substantial number of small entities (primarily those under
$1 million in assets). The NCUA has determined and certifies that this
interim rule will not have a significant economic impact on a
substantial number of small credit unions. Accordingly, the NCUA has
determined that a Regulatory Flexibility Analysis is not required.
2. Paperwork Reduction Act
This proposed rule to update Sec. 795.1(b) does not involve a
collection of information under the Paperwork Reduction Act.
Accordingly, NCUA has determined that a Paperwork Reduction analysis is
not required.
3. Executive Order 12612
Executive Order 12612 requires NCUA to consider the effect of its
actions on state interests. The final rule, as does the current rule,
applies to all federally insured credit unions, including federally
insured state chartered credit unions. However, since the final rule
reduces regulatory burden, NCUA has determined that the final rule does
not constitute a ``significant regulatory action'' for purposes of the
Executive Order.
4. Small Business Regulatory Enforcement Fairness Act
The Small Business Regulatory Enforcement Fairness Act of 1996
(Pub. L. 104-121) provides generally for congressional review of agency
rules. A reporting requirement is triggered in instances where NCUA
issues a final rule as defined by Section 551 of the Administrative
Procedures Act. 5 U.S.C. 551. OMB is reviewing this rule to determine
whether it is major for purposes of the Small Business Regulatory
Enforcement Fairness Act of 1996.
[[Page 49080]]
List of Subjects in 12 CFR Part 795
Credit unions, Collection requirements.
By the National Credit Union Administration Board on August 30,
1999.
Becky Baker,
Secretary of the Board.
For the reasons set forth above, National Credit Union
Administration amends 12 CFR part 795 as follows:
PART 795--OMB CONTROL NUMBERS
1. The authority citation for part 795 continues to read as
follows:
Authority: 12 U.S.C. 1766(a) and 5 U.S.C. 3507(f).
2. In Sec. 795.1 paragraph (b) is revised to read as follows:
Sec. 795.1 OMB control numbers.
(a) * * *
(b) Display.
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Current OMB
12 CFR part or section where identified and described control No.
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701.1...................................................... 3133-0015
701.6...................................................... 3133-0142
701.12..................................................... 3133-0059
701.13..................................................... 3133-0059
701.14..................................................... 3133-0121
701.21..................................................... 3133-0139
701.22..................................................... 3133-0141
701.26..................................................... 3133-0149
701.31..................................................... 3133-0068
701.32..................................................... 3133-0114
701.33..................................................... 3133-0130
701.34..................................................... 3133-0117
703........................................................ 3133-0133
704........................................................ 3133-0129
704.11..................................................... 3133-0149
705........................................................ 3133-0137
3133-0138
708a....................................................... 3133-0153
708b....................................................... 3133-0024
711........................................................ 3133-0152
712........................................................ 3133-0149
714........................................................ 3133-0151
723........................................................ 3133-0101
724........................................................ 3133-0035
725........................................................ 3133-0061
3133-0063
3133-0064
3133-0136
3133-0155
3133-0156
3133-0157
3133-0158
3133-0159
741........................................................ 3133-0067
741.6...................................................... 3133-0004
748........................................................ 3133-0108
3133-0121
749........................................................ 3133-0032
760........................................................ 3133-0143
792........................................................ 3133-0146
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[FR Doc. 99-23498 Filed 9-9-99; 8:45 am]
BILLING CODE 7535-01-P