Central Liquidity Facility, 12 CFR Part 725

ICR 202009-3133-003

OMB: 3133-0061

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Unchanged
Supporting Statement A
2020-11-24
Supplementary Document
2020-11-24
Supplementary Document
2020-04-02
IC Document Collections
IC ID
Document
Title
Status
32708 Unchanged
ICR Details
3133-0061 202009-3133-003
Received in OIRA 202005-3133-004
NCUA E&I
Central Liquidity Facility, 12 CFR Part 725
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
  
None

Not associated with rulemaking

  85 FR 23731 04/29/2020
85 FR 61775 09/30/2020
No

  Total Request 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 1,146 1,146 0 0 0 0
Annual Time Burden (Hours) 691 691 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$88,232
No
    No
    No
No
No
No
Yes
Owen Cole 703 518-6621 owenc@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.
11/24/2020


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