Agency Information Collection Activities: Proposed Collection; Comment Request; Fidelity Bond and Insurance Coverage for Federal Credit Unions
SUMMARY: The
DATES: Written comments should be received on or before
ADDRESSES: Interested persons are invited to submit written comments on the information collection to
FOR FURTHER INFORMATION CONTACT: Requests for additional information should be directed to the address above.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0170.
Title: Fidelity Bond and Insurance Coverage for Federal Credit Unions 12 CFR part 713.
Abstract: The Federal Credit Union Act (at 12 U.S.C. 1761(b)(2)) requires that the boards of federal credit unions (FCU) arrange for adequate fidelity coverage for officers and employees having custody of or responsibility for handling funds.
The regulation contains a number of reporting requirements where a credit union seeks to exercise flexibility under the regulations. These requirements enable NCUA to monitor the FCU's financial condition for safety and soundness purposes and helps to assure that FCUs are properly and adequately protected against potential losses due to insider abuse such as fraud and embezzlement.
Type of Review: Extension of a previously approved collection.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 7.
Estimated Number of Responses per Respondent: 1.
Estimated Annual Responses: 7.
Estimated
Estimated Total Annual
Request for Comments: Comments submitted in response to this notice will be summarized and included in the request for
By
Dated:
NCUA PRA Clearance Officer.
Notice and request for comment.
Citation: "81 FR 69872"
Federal Register Page Number: "69872"
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