[Federal Register Volume 79, Number 50 (Friday, March 14, 2014)]
[Notices]
[Pages 14547-14548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-05640]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Notice of Submission to 
OMB for Revision to a Currently Approved Information Collection; 
Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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SUMMARY: The NCUA intends to submit the following information 
collection to the Office of Management and Budget (OMB) for review and 
clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 
U.S.C. Chapter 35). This information collection is published to obtain 
comments from the public. Prior notice of the proposed changes and a 
request for comments was published on January 28, 2014 (79 FR 4509). No 
comments were received. NCUA is proposing to add fields to the 5300 
Call Report to collect Bank Secrecy Act/Anti-Money Laundering, 
charitable donations, derivatives and investments to fund employee 
benefits.

DATES: Comments must be submitted April 14, 2014.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA Contact and the OMB Reviewer listed below:
    NCUA Contact: Tracy Crews, National Credit Union Administration, 
1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-
2861, Email: [email protected].
    OMB Reviewer: Office of Management and Budget, ATTN: Desk Officer 
for the National Credit Union Administration, Office of Information and 
Regulatory Affairs, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information, a 
copy of the information collection request, or a copy of submitted 
comments should be directed to Tracy Crews at the National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428, or at 
(703) 518-6444.

SUPPLEMENTARY INFORMATION: 

I. Abstract and Request for Comments

    NCUA is amending the currently approved collection for 3133-0004. 
Two specific forms are used, NCUA Form 5300 and NCUA Profile Form 
4501A, also known as the Call Report and Profile, respectively. Section 
741.6 of the NCUA Rules and Regulations requires all federally insured 
credit unions to submit a Call Report quarterly. 12 CFR 741.6. The 
information enables NCUA to monitor credit unions whose share accounts 
are insured by the National Credit Union Share Insurance Fund (NCUSIF). 
NCUA uses the information collected from these Call Reports to fulfill 
its mission of supervising credit unions, and the Federal Reserve Board 
uses the information to monitor and control the nation's money supply 
and the system of financial institutions. Congress and various state 
legislatures use this information to monitor, regulate, and control 
credit unions and financial institutions. The changes made to the 
Profile and Call Report forms for March 2014 will provide data to 
assist the National Credit Union Administration in assessing regulatory 
compliance and financial and operational risks. There is a decrease of 
8,290 hours from the last submission (2013). The decrease is a result 
of an adjustment to the number of credit unions completing the Call 
Report from 6,864 to an estimated 6,550 for March 2014. This decline is 
from credit union mergers and liquidations.
    The NCUA requests that you send your comments on this collection to 
the location listed in the addresses section. Your comments should 
address: (a) The necessity of the information collection for the proper 
performance of NCUA, including whether the information will have 
practical utility; (b) the accuracy of our estimate of the burden 
(hours and cost) of the collection of information, including the 
validity of the methodology and assumptions used; (c) ways we could 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) ways we could minimize the burden of the collection 
of the information on the respondents such

[[Page 14548]]

as through the use of automated collection techniques or other forms of 
information technology. It is NCUA's policy to make all comments 
available to the public for review.

II. Data

    Proposal for the following collection of information:
    OMB Number: 3133-0004.
    Form Number: NCUA 5300 and NCUA 4501A.
    Type of Review: Revision to the currently approved collection.
    Title: NCUA Call Report and Profile.
    Description: The financial and statistical information is essential 
to NCUA and state supervisory authorities in carrying out its 
responsibility for the supervision of federally insured credit unions. 
The information also enables NCUA to monitor all federally insured 
credit unions whose share accounts are insured by the NCUSIF.
    Respondents: All Federally Insured Credit Unions.
    Estimated No. of Respondents/Recordkeepers: 6,550.
    Estimated Burden Hours Per Response: 6.6 hours.
    Frequency of Response: Quarterly.
    Estimated Total Annual Burden Hours: 172,920.
    Estimated Total Annual Cost: $5,360,520.

    By the National Credit Union Administration Board on March 7, 
2014.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2014-05640 Filed 3-13-14; 8:45 am]
BILLING CODE 7535-01-P