Minority Depository Institution Preservation Program

ICR 201709-3133-001

OMB: 3133-0195

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2018-01-16
Supplementary Document
2018-01-16
IC Document Collections
ICR Details
3133-0195 201709-3133-001
Active 201410-3133-001
NCUA CURE
Minority Depository Institution Preservation Program
Revision of a currently approved collection   No
Regular
Approved without change 05/18/2018
Retrieve Notice of Action (NOA) 01/17/2018
  Inventory as of this Action Requested Previously Approved
05/31/2021 36 Months From Approved 05/31/2018
71 0 785
30 0 127
0 0 0

Dodd Frank Act amended sec. 308 of the FIRREA to require NCUA, Office of the Comptroller of Currency, and the Federal Reserve Board to establish a program to comply with its goals to preserve and encourage Minority Depository Institutions (MDIs). The NCUA Board issued Interpretive Ruling and Policy Statement (IRPS) 13-1 establishing a MDI preservation program to comply with FIRREA § 308 goals. The IRPS identifies the procedure for a federally insured credit union to determine and document its ability to designate itself as a MDI, resulting in the ability to participate in the Program.

PL: Pub.L. 101 - 73 308 Name of Law: FIRREA
   PL: Pub.L. 111 - 203 367(4)(A) Name of Law: Dodd Frank Act
  
None

Not associated with rulemaking

  82 FR 51441 11/06/2017
83 FR 2223 01/16/2018
No

1
IC Title Form No. Form Name
MDIP Program; IRPS 13-1

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 71 785 0 -59 -655 0
Annual Time Burden (Hours) 30 127 0 -42 -55 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
A reduction of 42 hours is attributed to the following program changes: (1) At the time of the publication of IRPS 13-1, the asset threshold used to define the term “small entity” was less than $50 million. NCUA published IRPS 15-1 which increased the asset threshold from $50 million to $100 million. Accordingly, the number of credit unions required to retain records of their minority composition would theoretically increase because more credit unions would fall under the small entity threshold; but, with the decline in the number of credit unions since the previous submission, a reduction in the number respondents is being reported. (2) The burden hours associated with appeals due to the denial of MDI certification, have been removed from this ICR. Procedures that govern appeals to the Board have been codified as subpart B to part 746 and associated burden is being consolidated under OMB control number 3133-0198. Adjustments has been made to remove the reporting burden of MDI status via the CU Online portal. This is duplicative to information provided on the Call Report and has been removed from this collection. A total of 30 burden hours is requested.

$0
No
    No
    No
No
Yes
No
Uncollected
Karen Rigby 703 548-2119 krigby@ncua.gov

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
01/17/2018


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