Extension without change of a currently approved collection
No
Regular
11/24/2020
Requested
Previously Approved
36 Months From Approved
01/31/2021
1,146
1,146
691
691
0
0
Part 725 contains the regulations
implementing the National Credit Union Central Liquidity Facility
Act, subchapter III of the Federal Credit Union Act. The NCUA
Central Liquidity Facility is a mixed-ownership Government
corporation within NCUA. It is managed by the NCUA Board and is
owned by its member credit unions. The purpose of the Facility is
to improve the general financial stability of credit unions by
meeting their liquidity needs and thereby encourage savings,
support consumer and mortgage lending and provide basic financial
resources to all segments of the economy. The Central Liquidity
Facility achieves this purpose through operation of a Central
Liquidity Fund (CLF). The collection of information under this part
is necessary for the CLF to determine credit worthiness, as
required by 12 U.S.C 1795e(2).
US Code:
12 USC 1795f(a)(2) Name of Law: National Credit Union Central
Liquidity Facility Act
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.