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2018-01-31
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Modernizing Data Collection for Supervision of Credit Unions
Notices
D09002ee1bdb95d28
D09002ee1bdb95dae
United States
National Credit Union Administration
originator
org
United States Government Agency or Subagency
At the May 19, 2016, meeting of the NCUA Board, the agency discussed plans for modernizing NCUA's collection of data from federally insured credit unions. Key goals of the modernization effort include reducing the reporting burden on credit unions, improving offsite supervision capability, and updating the organization of the forms and related instructions. In June 2016, the NCUA issued a Request for Information in the Federal Register seeking public input on the regulatory data collected through the Call Report and Profile, resulting in 684 individual comments. In September 2016, the Call Report Modernization Working Group solicited feedback from agency staff and state supervisory authorities, resulting in 492 comments. The working group also hosted phone calls with state supervisory authorities and credit unions representing each of the five asset peer groups during October 2016. These calls gave stakeholders an additional opportunity to have a dialogue on recommendations for the Call Report and Profile. The working group reviewed all stakeholder comments and posted summaries of the comments on the NCUA's Call Report Modernization web page. The working group also conducted additional technical research, such as on generally accepted accounting principles relevant to the Call Report. The working group's comprehensive analysis resulted in this proposal to reorganize the schedules in the Call Report and Profile, retire obsolete account codes, and relocate some account codes to other collections. The proposed streamlining for the Call Report results in a net reduction of roughly 40 percent of account codes. The proposed changes to the Profile result in approximately a 20 percent net reduction. The proposed updates to the 5300 Call Report and 4501A Profile forms, instructions, and related background material are available for review and comment, online at https://www.ncua.gov/About/Pages/open- government/call-report-modernization.aspx. Target participants include credit unions, credit union leagues, trade associations, regulators, and industry-related persons.
83 FR 4518
https://www.govinfo.gov/app/details/FR-2018-01-31/2018-01879
2018-01879
fr31ja18-89
7535-01-P
https://www.govinfo.gov/app/details/FR-2018-01-31/2018-01879
https://www.govinfo.gov/content/pkg/FR-2018-01-31/html/2018-01879.htm
https://www.govinfo.gov/content/pkg/FR-2018-01-31/pdf/2018-01879.pdf
2 p.
4518
4519
83 FR 4518
Modernizing Data Collection for Supervision of Credit Unions; Federal Register Vol. 83, Issue
NOTICE
2018-01879
NATIONAL CREDIT UNION ADMINISTRATION
2018-04-02
7535-01-P
2018-01879
Notice; Request for Information (RFI).
At the May 19, 2016, meeting of the NCUA Board, the agency discussed plans for modernizing NCUA's collection of data from federally insured credit unions. Key goals of the modernization effort include reducing the reporting burden on credit unions, improving offsite supervision capability, and updating the organization of the forms and related instructions. In June 2016, the NCUA issued a Request for Information in the Federal Register seeking public input on the regulatory data collected through the Call Report and Profile, resulting in 684 individual comments. In September 2016, the Call Report Modernization Working Group solicited feedback from agency staff and state supervisory authorities, resulting in 492 comments. The working group also hosted phone calls with state supervisory authorities and credit unions representing each of the five asset peer groups during October 2016. These calls gave stakeholders an additional opportunity to have a dialogue on recommendations for the Call Report and Profile. The working group reviewed all stakeholder comments and posted summaries of the comments on the NCUA's Call Report Modernization web page. The working group also conducted additional technical research, such as on generally accepted accounting principles relevant to the Call Report. The working group's comprehensive analysis resulted in this proposal to reorganize the schedules in the Call Report and Profile, retire obsolete account codes, and relocate some account codes to other collections. The proposed streamlining for the Call Report results in a net reduction of roughly 40 percent of account codes. The proposed changes to the Profile result in approximately a 20 percent net reduction. The proposed updates to the 5300 Call Report and 4501A Profile forms, instructions, and related background material are available for review and comment, online at https://www.ncua.gov/About/Pages/open- government/call-report-modernization.aspx. Target participants include credit unions, credit union leagues, trade associations, regulators, and industry-related persons.
Comments must be received on or before April 2, 2018.
Mary Thor, National Credit Union Administration, Office of Examination and Insurance, 1775 Duke Street, Alexandria, VA 22314, telephone (703) 518-6586, and email mthor@ncua.gov. Media inquiries should be directed to NCUA's Office of Public and Congressional Affairs at (703) 518-6330 or pacamail@ncua.gov.
Modernizing Data Collection for Supervision of Credit Unions
,
CallReportMod@ncua.gov
mthor@ncua.gov
pacamail@ncua.gov
https://www.ncua.gov/About/Pages/open-government/call-report-modernization.aspx
www.ncua.gov
Federal Register
Vol. 83, no. 21
Office of the Federal Register, National Archives and Records Administration
2018-01-31
continuing
daily
deposited
born digital
173 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2018-01-31
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https://www.govinfo.gov/app/details/FR-2018-01-31
https://www.govinfo.gov/content/pkg/FR-2018-01-31/pdf/FR-2018-01-31.pdf
https://www.govinfo.gov/content/pkg/FR-2018-01-31/xml/FR-2018-01-31.xml
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DGPO
2018-01-31
2023-04-28
FR-2018-01-31
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eng
FR
FR-2018-01-31
83
21