Management Official Interlocks, 12 CFR Part 711

ICR 202002-3133-003

OMB: 3133-0152

Federal Form Document

Forms and Documents
IC Document Collections
IC ID
Document
Title
Status
32798
Modified
ICR Details
3133-0152 202002-3133-003
Active 201611-3133-001
NCUA OGC
Management Official Interlocks, 12 CFR Part 711
Revision of a currently approved collection   No
Regular
Approved without change 06/04/2020
Retrieve Notice of Action (NOA) 04/29/2020
  Inventory as of this Action Requested Previously Approved
06/30/2023 36 Months From Approved 06/30/2020
2 0 2
6 0 6
0 0 0

NCUA requires this information collection to ensure federally insured credit unions comply with NCUA's Management Official Interlocks regulation at 12 CFR part 711, implementing the Depository Institution Management Interlocks Act ("Interlocks Act") (12 U.S.C. 3201-3208). The Interlocks Act generally prohibits financial institution management officials from serving simultaneously with two unaffiliated depository institutions or their holding companies. For credit unions, the Interlocks Act restricts interlocks between credit unions and other types of financial institutions. 12 U.S.C. 3204(3).

US Code: 12 USC 3204(3) Name of Law: Exceptions
   US Code: 12 USC 3201 to 3208 Name of Law: Depository Institution Management Interlocks Act
  
None

Not associated with rulemaking

  85 FR 9810 02/20/2020
85 FR 23536 04/28/2020
No

1
IC Title Form No. Form Name
Management Official Interlocks

  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 2 2 0 0 0 0
Annual Time Burden (Hours) 6 6 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Dawn Wolfgang 202 927-5331 dawn.wolfgang@do.treas.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.
04/29/2020


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