[Federal Register Volume 83, Number 172 (Wednesday, September 5, 2018)]
[Notices]
[Page 45145]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-19178]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; NCUA Call Report and Profile

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following revision of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before November 5, 
2018 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Suite 5080, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to the address above or telephone 703-548-2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0004.
    Title: NCUA Call Report and Profile.
    Forms: NCUA Form 5300 and 4501A.
    Type of Review: Revision of a currently approved collection.
    Abstract: Sections 106 and 202 of the Federal Credit Union Act 
require federally insured credit unions to make financial reports to 
the NCUA. Section 741.6 prescribes the method in which federally 
insured credit unions must submit this information to NCUA. NCUA Form 
5300, Call Report, is used to file quarterly financial and statistical 
data and NCUA Form 4501A, Credit Union Profile, is used to obtain non-
financial data relevant to regulation and supervision such as the names 
of senior management and volunteer officials, and are reported through 
NCUA's online portal, Credit Unions Online.
    The financial and statistical information is essential to NCUA in 
carrying out its responsibility for supervising federal credit unions. 
The information also enables NCUA to monitor all federally insured 
credit unions with National Credit Union Share Insurance Fund (NCUSIF) 
insured share accounts.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 5,530.
    Estimated Number of Responses per Respondent: 4.
    Estimated Total Annual Responses: 22,120.
    Estimated Burden Hours per Response: 6.
    Estimated Total Annual Burden Hours: 132,720.
    Reason for Change: Revisions are attributed to the issuance of 
accounting standards codifications (ASC) by the Financial Accounting 
Standards Board, revised data selections to the current products and 
services offered by credit unions, and the removal of other elements 
deemed no longer necessary to maintain proper credit union supervision; 
including several pages of Schedule D, Derivative Transactions Report.
    These revisions will not alter the estimated burden hours necessary 
to review the instructions and complete the filing as the burden 
associated with Schedule D affects less than one percent of the credit 
unions and did not impact the industry average burden hours. The amount 
of data elements removed compared to those added negates the difference 
in burden.
    The burden hours reflect an adjustment to the number of respondents 
due to the decline in the number of federally insured credit unions, 
which has averaged approximately one percent per quarter. Specifically, 
the number of federally insured credit unions completing the Call 
Report and Profile dropped from 5,954 to 5,530 (March 2018). The 
reduction of 10,176 burden hours reflects this adjustment.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
Whether the collection of information is necessary for the proper 
execution of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
the information on the respondents, including the use of automated 
collection techniques or other forms of information technology.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on August 30, 2018.

    Dated: August 30, 2018.

Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-19178 Filed 9-4-18; 8:45 am]
 BILLING CODE 7535-01-P