[Federal Register Volume 88, Number 175 (Tuesday, September 12, 2023)]
[Notices]
[Pages 62604-62605]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-19585]


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NATIONAL CREDIT UNION ADMINISTRATION


Revisions of Agency Information Collections for Comments Request: 
Proposed Collections

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comments.

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SUMMARY: The National Credit Union Administration (NCUA) will submit 
the following information collection requests to the Office of 
Management and Budget (OMB) for review and clearance in accordance with 
the Paperwork Reduction Act of 1995, on or after the date of 
publication of this notice.

DATES: Written comments should be received on or before November 13, 
2023 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mahala Vixamar, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite 
5067; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Mahala Vixamar at (703) 718-1155.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0004.
    Title: NCUA Call Report.
    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 (FICUs) to make financial 
reports to the NCUA. Section 741.6 of the NCUA Rules and Regulations 
requires all FICUs to submit a Call Report quarterly. Financial 
information collected through the Call Report is essential to NCUA 
supervision of federal credit unions. This information also facilitates 
NCUA monitoring of other credit unions with share accounts insured by 
the National Credit Union Share Insurance Fund (NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 81,552.
    Reason for Change: There are proposed changes to the Call Report to 
add two accounts. These accounts will collect the number and amount of 
loans to borrowers experiencing financially difficulty who are not in 
compliance with the modified loan terms. Furthermore, another account 
will

[[Page 62605]]

collect the allowance for credit losses on available-for-sale debt 
securities.

    OMB Number: 3133-0040.
    Title: Federal Credit Union Occupancy, Planning, and Disposal of 
Acquired and Abandoned Premises--12 CFR 701.36.
    Type of Review: Extension of a previously approved collection.
    Abstract: Section 107(4) of the Federal Credit Union Act authorizes 
a federal credit union (FCU) to purchase, hold, and dispose of property 
necessary or incidental to its operations. Section 701.36 of NCUA Rules 
and Regulations interprets and implements this provision of the FCU Act 
by establishing occupancy, planning, and disposal requirements for 
acquired and abandoned premises. It also prohibits certain 
transactions. In addition, this section includes provisions in which an 
FCU may seek a waiver from certain requirements of the rule. NCUA 
reviews written waiver requests and makes a determination on the 
request based on safety and soundness considerations.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 30.

    OMB Number: 3133-0067.
    Title: Corporate Credit Union Monthly Call Report and Annual Report 
of Officers.
    Type of Review: Revision of a currently approved collection.
    Abstract: Section 202(a)(1) of the Federal Credit Union Act (Act) 
requires federally insured credit unions to make reports of condition 
to the NCUA Board upon dates selected by it. Corporate credit unions 
report this information monthly on NCUA Form 5310, also known as the 
Corporate Credit Union Call Report. The financial and statistical 
information is essential to NCUA in carrying out its responsibility for 
supervising corporate credit unions. The Federal Credit Union Act, 12 
U.S.C. 1762, specifically requires federal credit unions to report the 
identity of credit union officials. Section 741.6(a) requires 
federally-insured credit unions to submit a Report of Officials 
annually to NCUA containing the annual certification of compliance with 
security requirements. The branch information is requested under the 
authority of Sec.  741.6 of the NCUA Rules and Regulations. NCUA 
utilizes the information to monitor financial conditions in corporate 
credit unions, and to allocate supervision and examination resources.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 539.
    Reason for Change: The 5310 Corporate Call Report, Profile, and 
Corporate Financial Performance Reports (CFPR) for calendar year 2024 
have several changes that entail removal of references to Current 
Expected Credit Loss (CECL) early adoption language; removal of the 
Available for Sale Book Value references; additional supplemental 
information for charitable donation accounts, subordinated debt 
purchased from member credit unions, and additional information about 
CUSO investments; additional liquidity, weighted average life (WAL), 
and WAL with 50 percent prepayment information reporting, and Federal 
Reserve Bank Excess Balance Account reporting; clarification of 
Information System and Technology questions on the Profile form; and 
corresponding updates to the Corporate Financial Performance Report 
(CFPR), including a new template for aggregate CFPRs that shows 
weighted average ratios.

    OMB Number: 3133-0127.
    Title: Purchase, Sale, and Pledge of Eligible Obligations--12 CFR 
701.23.
    Type of Review: Revision of a currently approved collection.
    Abstract: Section 701.23 authorizes Federal Credit Unions to sell 
and pledge loans and purchase eligible obligations from other 
institutions.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 12,748.

    OMB Number: 3133-0189.
    Title: Contractor Budget and Representations and Certifications.
    Type of Review: Extension of a previously approved collection.
    Abstract: Standardized information from prospective outside counsel 
is essential to the NCUA in carrying out its responsibility as 
regulator, conservator, and liquidating agent for federally insured 
credit unions. The information will enable the NCUA to further 
standardize the data it uses to select outside counsel, consider 
additional criteria in making its selections, and improve efficiency 
and recordkeeping related to its selection process.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 200.

    OMB Number: 3133-0199.
    Title: Capital Planning and Stress Testing, 12 CFR 702-E.
    Type of Review: Revision of a currently approved collection.
    Abstract: To protect the National Credit Union Share Insurance Fund 
(NCUSIF) and the credit union system, the largest Federally Insured 
Credit Unions (FICUs) need to have systems and processes in place to 
monitor and maintain their capital adequacy. Subpart C of Part 702 of 
NCUA's regulations codifies the capital planning and stress testing 
requirements for federally insured credit unions with $10 billion or 
more in assets (covered credit unions). NCUA issues these regulations 
under the authority of Section 120(a) requiring their supervised 
institutions to conduct annual stress tests. Stress testing is needed 
to assess the potential impact of expected and stressed economic 
conditions on the consolidated earnings, losses, and capital of a 
covered credit union over the planning horizon, taking into account the 
current state of the covered credit union and the covered credit 
union's risks, exposures, strategies, and activities.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 9,380.
    Reason for Change: Burden increased due to the increase in the 
number of credit unions meeting the asset size threshold for capital 
planning and self-run stress testing and because of the updated self-
run SST results reporting template, as well as reporting of internal 
capital analysis results on the updated template.
    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 
performance 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 the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2023-19585 Filed 9-11-23; 8:45 am]
BILLING CODE 7535-01-P