[Federal Register Volume 87, Number 54 (Monday, March 21, 2022)]
[Notices]
[Pages 16033-16034]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-05920]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; NCUA Template: Large Credit Union Data Collection

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 new collection, as required by the Paperwork Reduction Act of 
1995 (PRA).

DATES: Written comments should be received on or before May 20, 2022 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 6032, Alexandria, Virginia 
22314; email at [email protected]. Given the limited in-house staff 
because of the COVID-19 pandemic, email comments are preferred.

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

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-NEW.
    Title: NCUA Template: Large Credit Union Data Collection.
    Type of Review: New collection.
    Abstract: The NCUA issued regulation under 12 CFR part 702, subpart 
E, ``Capital Planning and Stress Testing'' regarding capital planning 
and stress testing for federally insured credit unions with $10 billion 
or more in assets and supervised by Office of National Examinations and 
Supervision (covered credit unions). The rule authorizes covered credit 
unions to conduct stress tests in accordance with the NCUA's 
requirements.
    Section 702.506 provides for the necessary requirements for those 
credit unions to conduct supervisory stress tests. The ``NCUA Template: 
Large Credit Union Data Collection'' was developed for the credit 
unions to provide NCUA with the specific data needed to evaluate their 
internal assessments of capital adequacy and to ensure their capital 
resources are sufficient.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: (11 current covered credit unions and 
8 potential covered credit unions.) 19.
    Estimated Total Annual Responses: 95.
    Estimated Total Annual Burden Hours: 3,447.
    Previous reporting by covered credit unions fell below the PRA 
threshold. Because of the increased number of covered credit unions, 
along with the new and revised templates, NCUA is requesting this 
information collection as a new collection. In calculating the ``total 
annual burden'' the following was considered: (1) Recurring burden 
imposed on all covered credit unions to provide NCUA the prescribed 
information quarterly (19 respondents x quarterly reporting x 5 hours 
to complete each report = 380 annual burden hours); (2) an one-time 
burden of 400 hours on each of the 11 current covered credit unions (a 
total of 4,400 hours) to develop new templates and update current 
templates to accommodate revisions, and (3) a one-time burden of 600 
hours on each of the estimated 8 potential covered credit unions (a 
total of 4,800 hours) to develop all templates for this information 
collection requirement. The ``one-time'' burden is defined as 
information collection burden related to the upfront templates 
development and revision captured in a single annual reporting period 
(first 12 months). Because the Office of Management and Budget (OMB) 
grants approval for up to three years, the one-time burden explained 
above which represents a majority of the total burden hours has been 
evenly allocated over the life of the anticipated approval period (3 
years).
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for OMB 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

[[Page 16034]]

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 Melane Conyers-Ausbrooks, Secretary of the Board, the National 
Credit Union Administration, on March 16, 2022.

    Dated: March 16, 2022.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2022-05920 Filed 3-18-22; 8:45 am]
BILLING CODE 7535-01-P