[Federal Register Volume 81, Number 109 (Tuesday, June 7, 2016)]
[Notices]
[Pages 36600-36601]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13332]


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NATIONAL CREDIT UNION ADMINISTRATION


Modernizing Data Collection for Regulatory Oversight of Credit 
Unions

AGENCY: National Credit Union Administration.

ACTION: Notice; Request for Information (RFI).

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SUMMARY: The National Credit Union Administration (NCUA) is conducting 
a comprehensive review of two vehicles used to collect information for 
regulatory oversight of federally insured credit unions (FICUs)--the 
5300 Call Report (Call Report) and Form 4501A Profile (Profile). The 
overarching goal is modernizing content to (i) strengthen on-site 
examination and off-site monitoring by NCUA and state supervisory 
authorities, (ii) facilitate richer comparisons of institution and 
industry trends by other parties, and (iii) minimize the burden on 
reporting FICUs. NCUA plans a diverse outreach to inform modernization 
efforts with both general and specific input from all interested 
stakeholders. This RFI represents the first step.
    Specifically, this RFI announces NCUA's desire for assistance in 
identifying the interrelated considerations and challenges associated 
with improving the Call Report and Profile. Input with be gathered 
through an open public review-and-comment process featuring a range of 
possible forums (such as workshops, focus groups, online surveys, 
etc.). Target participants include credit unions, leagues, trades, 
regulators, industry-related persons, and academics.

DATES: Comments must be received by 5:00 p.m. Eastern time on August 1, 
2016.

ADDRESSES: Comments may be submitted using one of the methods below 
(Please do not send comments via multiple methods.). Include ``[Your 
name and company name (if any)]--Call Report/Profile Content 
Modernization'' in all correspondence.
     Mail: Please direct written comments related to Call 
Report/Profile content modernization to Mark Vaughan, National Credit 
Union Administration, Office of Examination and Insurance, 1775 Duke 
Street, Alexandria, VA 22314.
     Email: Address to [email protected]. Any of the 
following formats is acceptable: HTML, ASCII, Word, RTF, or PDF.
    NCUA will post all material received by the deadline on the agency 
Web site (www.ncua.gov) without alteration or redaction, so commenters 
should not include information they do not wish public (e.g., personal 
or confidential business information). SPAM or marketing materials will 
be discarded without publication.

FOR FURTHER INFORMATION CONTACT: Mark Vaughan, National Credit Union 
Administration, Office of Examination and Insurance, 1775 Duke Street, 
Alexandria, VA 22314, telephone (703) 518-6622, email 
[email protected]. Media inquiries should be directed to the NCUA 
Office of Public and Congressional Affairs at (703) 518-6671 or 
[email protected].

SUPPLEMENTARY INFORMATION: NCUA uses the Call Report and Profile to 
collect financial and non-financial information from federally insured 
credit unions (FICUs). The resulting data are integral to risk 
supervision at the institution and industry levels, which is central to 
safeguarding the integrity of the National Credit Union Share Insurance 
Fund (NCUSIF).
    The credit-union industry is dynamic, with FICUs growing larger and 
more complex every year. To keep pace, NCUA has modernized a variety of 
regulations, such as those governing member business loans and risk-
based capital. The agency is also studying extension of the examination 
cycle, which would require compensating enhancements in off-site 
monitoring. In such an environment, NCUA must ensure its data-
collection vehicles evolve with industry practices, prudential 
regulations, and examination/supervision procedures so: (i) All 
material FICU risk exposures are captured; (ii) data offering little 
insight into these exposures are no longer solicited; (iii) the 
reporting burden on supervised institutions--particularly small or non-
complex credit unions--is minimized.
    This RFI represents an initial NCUA step to collaborate with the 
public to modernize its systems for collecting, storing, and analyzing 
regulatory data. NCUA will use information furnished by individuals and 
organizations to enhance data utility, improve user experiences, and 
reduce regulatory burden without compromising the agency's ability to 
safeguard the NCUSIF. In addition to this step, the agency plans to 
seek clearance from the Office of Management and Budget to form 
workgroups to help improve vehicles for storing and analyzing data.
    NCUA invites credit unions, leagues, trade organizations, 
financial-data aggregators, academia, insurers, other regulators, and 
other interested parties to respond.

Request for Comment

    NCUA is providing questions about major aspects of the Call Report 
and Profile to target issues the public would like addressed by the 
modernization effort. These questions are not intended to limit 
discussion. Indeed, responders may explore any issue relevant to Call 
Report and Profile content. Information received will not be used for 
statistical purposes.
    Responses containing references to studies, research, or data not 
widely available to the public should include copies of referenced 
materials. A description of the commenter's organization and its 
interest in the Call Report and Profile will help NCUA use the input 
provided.

Call Report/Profile Content Questions

    1. What specific areas of the Call Report/Profile forms do you find 
challenging to complete? Please describe the nature of those 
challenges.
    2. What sections/schedules/items on the Call Report/Profile could 
be made optional for small or non-complex credit unions without 
complicating assessments of risk?
    3. What specific items would you like to see added to the Call 
Report/Profile to enhance analysis of local, regional and national 
performance trends or improve comparisons of individual credit unions 
with peer institutions?

[[Page 36601]]

    4. Are current Call Report account categories (database fields) 
reasonably aligned with your internal accounting? If not, what changes 
would improve the alignment?
    5. Are the Call Report and Profile instructions adequate? If not, 
what improvements (overall and peculiar to specific items/schedules) 
would improve clarity and reduce reporting burden?
    6. Could re-organization of the Call Report or Profile reduce 
reporting burden? If so, please describe the needed changes. Does the 
Call Report contain elements that should be moved to the Profile? If 
so, please detail these elements. Does the Profile contain element that 
should be moved to the Call Report? If so, please detail these 
elements.
    7. Do you have any concerns or ideas about NCUA schedules/forms for 
collecting financial and non-financial information not addressed above?

    Dated: June 1, 2016.
Gerard S. Poliquin,
Secretary of the Board.
[FR Doc. 2016-13332 Filed 6-6-16; 8:45 am]
 BILLING CODE 7535-01-P