[Federal Register Volume 90, Number 136 (Friday, July 18, 2025)]
[Notices]
[Pages 34014-34015]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-13529]
=======================================================================
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Renewal of Agency Information Collection of a Previously Approved
Collection; Request for Comments
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice of submission to the Office of Management and Budget.
-----------------------------------------------------------------------
SUMMARY: The NCUA has approved the publication of a proposal to extend
for three years the NCUA Call Report (Form 5300), which is a currently
approved information collection, for public comment. Revised
instructions are included to improve clarity and accurate reporting. As
required by the Paperwork Reduction Act of 1995, The NCUA is submitting
the following extension of the currently approved information
collection to the Office of Management and Budget (OMB) for renewal.
The revised instructions are proposed to take effect with the September
30, 2025, report date.
DATES: Comments must be received on or before August 18, 2025.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice. 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-Q3.
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) 518-6547. You may also
view the
[[Page 34015]]
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 is proposing a three-year extension of the NCUA Form 5300
Call Report with revised instructions.
OMB Number: 3133-0004.
Title: NCUA Form 5300 Call Report.
Type of Review: 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 describes the submission
method FICUs must use to provide 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 provided by credit unions 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
(Share Insurance Fund).
Form 5300 Call Report--Proposed Changes and Comments Received
In the April 23, 2025 \1\ notice, the NCUA did not propose any
revisions to the Call Report Form. However, the NCUA proposed revisions
to the 5300 Call Report Instructions to improve clarity and accurate
reporting. The comment period for the April 2025 notice ended on June
23, 2025. The NCUA received three comment letters.
---------------------------------------------------------------------------
\1\ 90 FR 17084.
---------------------------------------------------------------------------
One commenter suggested that the NCUA expand the information
collected related to reciprocal deposits. The NCUA will consider
expanding reciprocal deposit data the next time changes are made to the
Call Report form.
One commenter suggested we improve the disclosure of changes by
reducing the technical instructions to plain language or flowcharts.
The NCUA will consider providing additional information on final
changes when the instructions are released in early September.
One commenter requested to be notified if changes are made during
the approval process and provided important insight into how the Call
Report data is used. They did not have any objections to the proposed
changes.
After considering the comments received the NCUA will proceed with
the proposed changes to the Call Report Instructions.
Affected Public: Private sector: Not-for-profit institutions.
Respondents: All FICUs.
Estimated Number of Respondents: 4,411.
Estimated Number of Responses per Respondent: 4.
Estimated Total Annual Responses: 17,644.
Estimated Hours per Response: 4.
Estimated Total Annual Burden Hours: 70,576.
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.
The data credit unions report on the Call Report is essential to
the NCUA's supervision and regulation of federal credit unions. This
information also facilitates the NCUA's monitoring of other credit
unions with Share Insurance Fund coverage for share accounts.
Credit unions submit quarterly Call Report data to the NCUA. Call
Report data serves 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.
There are no proposed changes to the Form 5300 Call Report.
However, the NCUA is proposing revisions to the 5300 Call Report
Instructions to improve clarity and accurate reporting. These revisions
are captured on page two of the draft 5300 Call Report Instructions.
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
proposed revisions to the instructions for 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. 2025-13529 Filed 7-17-25; 8:45 am]
BILLING CODE 7535-01-P