[Federal Register Volume 89, Number 179 (Monday, September 16, 2024)]
[Notices]
[Pages 75590-75591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20985]
=======================================================================
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The NCUA has approved the publication of a proposal to revise
and extend for three years the NCUA Call Report (Form 5300), which is a
currently approved information collection, for public comment. The NCUA
is submitting the following extension and revision of the currently
approved information collection to the OMB for review and clearance.
The revisions are proposed to take effect with the March 31, 2025
report date.
DATES: Comments must be received on or before November 15, 2024.
ADDRESSES: You may submit written comments on the information
collection by any of the following methods:
Federal Register Portal: https://www.federalregister.gov. Find this
information collection by searching for ``National Credit Union
Administration'', then selecting ``Past 90 days'', and scrolling
through the list of documents.
Regulations.gov: https://www.regulations.gov/search?filter=ncua
Find this information collection by scrolling through the search
results and looking for NCUA Call Report 2025-Q1.
Rulemakings and Proposals for Comment: https://ncua.gov/regulation-supervision/rulemakings-proposals-comment NCUA will post a link to the
regulations.gov web page where you can submit a comment by selecting
Comment.
Mail: 1775 Duke Street, Suite 5067, Alexandria, Virginia 22314.
Fax: 703-519-8161.
Email: [email protected].
Instructions: All submissions must be identified by the OMB Control
Number 3133-0004 or by Document Number (Please send comments by one
method only).
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be
obtained by contacting Dacia Rogers at (703) 718-1155. You may also
view the entire information collection request at www.reginfo.gov.
Enhanced content is also available from the Notice on the Federal
Register website (www.federalregister.gov). In addition, copies of the
Call Report Form and Instructions can be obtained at the NCUA's website
(https://ncua.gov/regulation-supervision/regulatory-reporting/cuonline).
SUPPLEMENTARY INFORMATION: The NCUA proposes to extend for three years,
with revision, the NCUA Form 5300 Call Report.
OMB Number: 3133-0004.
Title: NCUA Form 5300 Call Report.
Type of Review: Revision and extension 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 and
other reports to the NCUA. Section 741.5 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 through NCUA's online portal, CUOnline. The financial
and statistical information is essential to NCUA in carrying out its
responsibility for supervising federal credit unions. This information
facilitates NCUA monitoring of credit unions with share accounts
insured by the National Credit Union Share Insurance Fund (NCUSIF).
Affected Public: Private sector: Not-for-profit institutions.
Respondents: All federally insured credit unions.
Estimated Number of Respondents: 4,533.
Estimated Average Burden per Response: 4.0 hours.
Estimated Total Annual Burden Hours: 72,528.
Reason for Change: The number of respondents decreased.
The proposed revisions to the Form 5300 instructions in this notice
would not have a material impact on the existing burden estimates.
Legal Basis and Need for Collections: The Call Report Form 5300
information collections are mandatory under 12 U.S.C. 1756, 1766, and
1782. Except for select sensitive items, the Call Report Form 5300 is
not given confidential treatment.
Credit union data reported on the Call Report is essential to the
NCUA supervision and regulation of federal credit unions. This
information also facilitates the NCUA monitoring of other credit unions
with share accounts insured by the National Credit Union Share
Insurance Fund.
Credit unions submit Call Report data to the NCUA quarterly. Call
Report data serve a regulatory or public policy purpose by assisting
the NCUA in fulfilling its mission of ensuring the safety and soundness
of individual credit unions and the credit union system, protecting
consumer financial rights, as well as agency-specific missions
affecting federal and state-chartered credit unions, such as ensuring
financial stability and administering share insurance.
Form 5300--Call Report--Proposed Changes
Schedule A, Section 4
(1) Adding two accounts for credit unions to report the number and
amount of loans granted to credit union officials and senior executive
staff year-to-date. This information will enhance NCUA's offsite
supervision.
(2) Removing two accounts for credit unions to report information
related to Purchased Credit Impaired Loans. These accounts are no
longer required to be disclosed by generally accepted accounting
principles.
Schedule C, Section 4
(1) Removing three accounts where credit unions previously reported
information related to FRB Paycheck Protection Program Lending Facility
loans. The Paycheck Protection Program Lending Facility is no longer
available.
(2) Adding one account for credit unions to report assets pledged
to secure deposits, other funding arrangements, and other counterparty
requirements. Adding this information will provide insight into the
amount of total pledged assets and the availability of unencumbered
assets to secure future borrowings.
Schedule D, Section 2
(1) Adding three accounts for credit unions to report the number
and amount of member brokered non-maturity shares. NCUA will use this
information to evaluate funding behavior and market trends.
(2) Adding five accounts for credit unions to report the number and
[[Page 75591]]
amount of member brokered term shares by remaining maturity. NCUA will
use this information to evaluate funding behavior and market trends.
(3) Adding three accounts for credit unions to report the number
and amount of nonmember brokered non-maturity deposits. NCUA will use
this information to evaluate funding behavior and market trends.
(4) Adding five accounts for credit unions to report the number and
amount of nonmember brokered term deposits by remaining maturity. NCUA
will use this information to evaluate funding behavior and market
trends.
(5) Adding five accounts for credit unions to report the number and
amount of all other nonmember deposits by remaining maturity. Adding
this information will enable a more complete assessment of nonmember
deposits.
(6) Changed the caption for ``Accounts held by nonmember public
units'' to ``Nonmember Public Unit Deposits''.
(7) Added an account for the amount of Nonmember Credit Union
Deposits. NCUA will use this information to evaluate compliance with
nonmember deposit regulatory requirements.
(8) Changed the caption for ``Accounts Held by Member Public
Units'' to ``Member Public Unit Deposits''.
(9) Added an account for credit unions to report the amount of
Reciprocal Deposits. NCUA will use this information to evaluate funding
behavior and market trends as competition for deposits continues to
innovate.
Schedule D, Section 3
(1) Added three accounts for credit unions to report the maturity
distribution of total uninsured shares and deposits. NCUA will use this
information to evaluate depositor behavior and the movement between
uninsured non-maturity shares and share certificates.
Request for Comment: 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 proposed revisions to the collection of information that
are the subject of this notice are 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 as proposed to be revised,
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
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. 2024-20985 Filed 9-13-24; 8:45 am]
BILLING CODE 7535-01-P