81 FR 36600 - Modernizing Data Collection for Regulatory Oversight of Credit Unions
NATIONAL CREDIT UNION ADMINISTRATION Federal Register Volume 81, Issue 109 (June 7, 2016)
Federal Register Volume 81, Issue 109 (June 7, 2016)
| Page Range | 36600-36601 | |
| FR Document | 2016-13332 |
[Federal Register Volume 81, Number 109 (Tuesday, June 7, 2016)] [Notices] [Pages 36600-36601] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-13332] ======================================================================= ----------------------------------------------------------------------- NATIONAL CREDIT UNION ADMINISTRATION Modernizing Data Collection for Regulatory Oversight of Credit Unions AGENCY: National Credit Union Administration. ACTION: Notice; Request for Information (RFI). ----------------------------------------------------------------------- SUMMARY: The National Credit Union Administration (NCUA) is conducting a comprehensive review of two vehicles used to collect information for regulatory oversight of federally insured credit unions (FICUs)--the 5300 Call Report (Call Report) and Form 4501A Profile (Profile). The overarching goal is modernizing content to (i) strengthen on-site examination and off-site monitoring by NCUA and state supervisory authorities, (ii) facilitate richer comparisons of institution and industry trends by other parties, and (iii) minimize the burden on reporting FICUs. NCUA plans a diverse outreach to inform modernization efforts with both general and specific input from all interested stakeholders. This RFI represents the first step. Specifically, this RFI announces NCUA's desire for assistance in identifying the interrelated considerations and challenges associated with improving the Call Report and Profile. Input with be gathered through an open public review-and-comment process featuring a range of possible forums (such as workshops, focus groups, online surveys, etc.). Target participants include credit unions, leagues, trades, regulators, industry-related persons, and academics. DATES: Comments must be received by 5:00 p.m. Eastern time on August 1, 2016. ADDRESSES: Comments may be submitted using one of the methods below (Please do not send comments via multiple methods.). Include ``[Your name and company name (if any)]--Call Report/Profile Content Modernization'' in all correspondence.Mail: Please direct written comments related to Call Report/Profile content modernization to Mark Vaughan, National Credit Union Administration, Office of Examination and Insurance, 1775 Duke Street, Alexandria, VA 22314. Email: Address to CallReportMod@ncua.gov. Any of the following formats is acceptable: HTML, ASCII, Word, RTF, or PDF. NCUA will post all material received by the deadline on the agency Web site (www.ncua.gov) without alteration or redaction, so commenters should not include information they do not wish public (e.g., personal or confidential business information). SPAM or marketing materials will be discarded without publication. FOR FURTHER INFORMATION CONTACT: Mark Vaughan, National Credit Union Administration, Office of Examination and Insurance, 1775 Duke Street, Alexandria, VA 22314, telephone (703) 518-6622, email mvaughan@ncua.gov. Media inquiries should be directed to the NCUA Office of Public and Congressional Affairs at (703) 518-6671 or pacamail@ncua.gov. SUPPLEMENTARY INFORMATION: NCUA uses the Call Report and Profile to collect financial and non-financial information from federally insured credit unions (FICUs). The resulting data are integral to risk supervision at the institution and industry levels, which is central to safeguarding the integrity of the National Credit Union Share Insurance Fund (NCUSIF). The credit-union industry is dynamic, with FICUs growing larger and more complex every year. To keep pace, NCUA has modernized a variety of regulations, such as those governing member business loans and risk- based capital. The agency is also studying extension of the examination cycle, which would require compensating enhancements in off-site monitoring. In such an environment, NCUA must ensure its data- collection vehicles evolve with industry practices, prudential regulations, and examination/supervision procedures so: (i) All material FICU risk exposures are captured; (ii) data offering little insight into these exposures are no longer solicited; (iii) the reporting burden on supervised institutions--particularly small or non- complex credit unions--is minimized. This RFI represents an initial NCUA step to collaborate with the public to modernize its systems for collecting, storing, and analyzing regulatory data. NCUA will use information furnished by individuals and organizations to enhance data utility, improve user experiences, and reduce regulatory burden without compromising the agency's ability to safeguard the NCUSIF. In addition to this step, the agency plans to seek clearance from the Office of Management and Budget to form workgroups to help improve vehicles for storing and analyzing data. NCUA invites credit unions, leagues, trade organizations, financial-data aggregators, academia, insurers, other regulators, and other interested parties to respond. Request for Comment NCUA is providing questions about major aspects of the Call Report and Profile to target issues the public would like addressed by the modernization effort. These questions are not intended to limit discussion. Indeed, responders may explore any issue relevant to Call Report and Profile content. Information received will not be used for statistical purposes. Responses containing references to studies, research, or data not widely available to the public should include copies of referenced materials. A description of the commenter's organization and its interest in the Call Report and Profile will help NCUA use the input provided. Call Report/Profile Content Questions 1. What specific areas of the Call Report/Profile forms do you find challenging to complete? Please describe the nature of those challenges. 2. What sections/schedules/items on the Call Report/Profile could be made optional for small or non-complex credit unions without complicating assessments of risk? 3. What specific items would you like to see added to the Call Report/Profile to enhance analysis of local, regional and national performance trends or improve comparisons of individual credit unions with peer institutions? [[Page 36601]] 4. Are current Call Report account categories (database fields) reasonably aligned with your internal accounting? If not, what changes would improve the alignment? 5. Are the Call Report and Profile instructions adequate? If not, what improvements (overall and peculiar to specific items/schedules) would improve clarity and reduce reporting burden? 6. Could re-organization of the Call Report or Profile reduce reporting burden? If so, please describe the needed changes. Does the Call Report contain elements that should be moved to the Profile? If so, please detail these elements. Does the Profile contain element that should be moved to the Call Report? If so, please detail these elements. 7. Do you have any concerns or ideas about NCUA schedules/forms for collecting financial and non-financial information not addressed above? Dated: June 1, 2016. Gerard S. Poliquin, Secretary of the Board. [FR Doc. 2016-13332 Filed 6-6-16; 8:45 am] BILLING CODE 7535-01-P
![36600 Federal Register / Vol. 81, No. 109 / Tuesday, June 7, 2016 / Notices
mail at National Archives and Records review-and-comment process featuring a ensure its data-collection vehicles
Administration; Office of Government range of possible forums (such as evolve with industry practices,
Information Services; 8601 Adelphi workshops, focus groups, online prudential regulations, and
Road; College Park, MD 20740–6001, or surveys, etc.). Target participants examination/supervision procedures so:
by email at foia-advisory-committee@ include credit unions, leagues, trades, (i) All material FICU risk exposures are
nara.gov. regulators, industry-related persons, and captured; (ii) data offering little insight
SUPPLEMENTARY INFORMATION: NARA
academics. into these exposures are no longer
operates the FOIA Advisory Committee DATES: Comments must be received by solicited; (iii) the reporting burden on
in accordance with provisions of the 5:00 p.m. Eastern time on August 1, supervised institutions—particularly
Federal Advisory Committee Act of 2016. small or non-complex credit unions—is
1972 (FACA) (5 U.S.C., App. 2) and ADDRESSES: Comments may be minimized.
implementing regulations at 41 CFR submitted using one of the methods This RFI represents an initial NCUA
102–3.5, et seq. The FACA formalizes a below (Please do not send comments via step to collaborate with the public to
process for establishing, operating, multiple methods.). Include ‘‘[Your modernize its systems for collecting,
overseeing, and terminating Federal name and company name (if any)]—Call storing, and analyzing regulatory data.
advisory committees, and we review, at Report/Profile Content Modernization’’ NCUA will use information furnished
least annually, the need to continue in all correspondence. by individuals and organizations to
each existing advisory committee. In • Mail: Please direct written enhance data utility, improve user
accordance with the Government in the comments related to Call Report/Profile experiences, and reduce regulatory
Sunshine Act (5 U.S.C. 552b(c)), the content modernization to Mark burden without compromising the
FOIA Advisory Committee meetings are Vaughan, National Credit Union agency’s ability to safeguard the
open to the public, and we announce Administration, Office of Examination NCUSIF. In addition to this step, the
them in the Federal Register at least 15 and Insurance, 1775 Duke Street, agency plans to seek clearance from the
days prior to each meeting. Alexandria, VA 22314. Office of Management and Budget to
• Email: Address to CallReportMod@ form workgroups to help improve
Patrice Murray, ncua.gov. Any of the following formats vehicles for storing and analyzing data.
Committee Management Officer. is acceptable: HTML, ASCII, Word, RTF, NCUA invites credit unions, leagues,
[FR Doc. 2016–13384 Filed 6–6–16; 8:45 am] or PDF. trade organizations, financial-data
BILLING CODE 7515–01–P NCUA will post all material received aggregators, academia, insurers, other
by the deadline on the agency Web site regulators, and other interested parties
(www.ncua.gov) without alteration or to respond.
NATIONAL CREDIT UNION redaction, so commenters should not
include information they do not wish Request for Comment
ADMINISTRATION
public (e.g., personal or confidential NCUA is providing questions about
Modernizing Data Collection for business information). SPAM or major aspects of the Call Report and
Regulatory Oversight of Credit Unions marketing materials will be discarded Profile to target issues the public would
without publication. like addressed by the modernization
AGENCY: National Credit Union
Administration. FOR FURTHER INFORMATION CONTACT: effort. These questions are not intended
Mark Vaughan, National Credit Union to limit discussion. Indeed, responders
ACTION: Notice; Request for Information
Administration, Office of Examination may explore any issue relevant to Call
(RFI). Report and Profile content. Information
and Insurance, 1775 Duke Street,
SUMMARY: The National Credit Union Alexandria, VA 22314, telephone (703) received will not be used for statistical
Administration (NCUA) is conducting a 518–6622, email mvaughan@ncua.gov. purposes.
comprehensive review of two vehicles Media inquiries should be directed to Responses containing references to
used to collect information for the NCUA Office of Public and studies, research, or data not widely
regulatory oversight of federally insured Congressional Affairs at (703) 518–6671 available to the public should include
credit unions (FICUs)—the 5300 Call or pacamail@ncua.gov. copies of referenced materials. A
Report (Call Report) and Form 4501A SUPPLEMENTARY INFORMATION: NCUA description of the commenter’s
Profile (Profile). The overarching goal is uses the Call Report and Profile to organization and its interest in the Call
modernizing content to (i) strengthen collect financial and non-financial Report and Profile will help NCUA use
on-site examination and off-site information from federally insured the input provided.
monitoring by NCUA and state credit unions (FICUs). The resulting Call Report/Profile Content Questions
supervisory authorities, (ii) facilitate data are integral to risk supervision at
richer comparisons of institution and the institution and industry levels, 1. What specific areas of the Call
industry trends by other parties, and which is central to safeguarding the Report/Profile forms do you find
(iii) minimize the burden on reporting integrity of the National Credit Union challenging to complete? Please
FICUs. NCUA plans a diverse outreach Share Insurance Fund (NCUSIF). describe the nature of those challenges.
to inform modernization efforts with The credit-union industry is dynamic, 2. What sections/schedules/items on
both general and specific input from all with FICUs growing larger and more the Call Report/Profile could be made
interested stakeholders. This RFI complex every year. To keep pace, optional for small or non-complex credit
asabaliauskas on DSK3SPTVN1PROD with NOTICES
represents the first step. NCUA has modernized a variety of unions without complicating
Specifically, this RFI announces regulations, such as those governing assessments of risk?
NCUA’s desire for assistance in member business loans and risk-based 3. What specific items would you like
identifying the interrelated capital. The agency is also studying to see added to the Call Report/Profile
considerations and challenges extension of the examination cycle, to enhance analysis of local, regional
associated with improving the Call which would require compensating and national performance trends or
Report and Profile. Input with be enhancements in off-site monitoring. In improve comparisons of individual
gathered through an open public such an environment, NCUA must credit unions with peer institutions?
VerDate Sep<11>2014 19:13 Jun 06, 2016 Jkt 238001 PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 E:\FR\FM\07JNN1.SGM 07JNN1](https://thefederalregister.org/doc/81_FR_36709/page/1.svg)
![Federal Register / Vol. 81, No. 109 / Tuesday, June 7, 2016 / Notices 36601
4. Are current Call Report account contains sensitive unclassified non- please contact the NRC’s Public
categories (database fields) reasonably safeguards information (SUNSI). Document Room (PDR) reference staff at
aligned with your internal accounting? DATES: Comments must be filed by July 1–800–397–4209, 301–415–4737, or by
If not, what changes would improve the 7, 2016. A request for a hearing must be email to pdr.resource@nrc.gov. The
alignment? filed by August 8, 2016. Any potential ADAMS accession number for each
5. Are the Call Report and Profile party as defined in § 2.4 of title 10 of the document referenced (if it is available in
instructions adequate? If not, what Code of Federal Regulations (10 CFR), ADAMS) is provided the first time that
improvements (overall and peculiar to who believes access to SUNSI is it is mentioned in the SUPPLEMENTARY
specific items/schedules) would necessary to respond to this notice must INFORMATION section.
improve clarity and reduce reporting request document access by June 17,
burden? • NRC’s PDR: You may examine and
2016. purchase copies of public documents at
6. Could re-organization of the Call
Report or Profile reduce reporting ADDRESSES: You may submit comments the NRC’s PDR, Room O1–F21, One
burden? If so, please describe the by any of the following methods (unless White Flint North, 11555 Rockville
needed changes. Does the Call Report this document describes a different Pike, Rockville, Maryland 20852.
contain elements that should be moved method for submitting comments on a
specific subject): B. Submitting Comments
to the Profile? If so, please detail these
elements. Does the Profile contain • Federal Rulemaking Web site: Go to Please include Docket ID NRC–2016–
element that should be moved to the http://www.regulations.gov and search
0096, facility name, unit number(s),
Call Report? If so, please detail these for Docket ID NRC–2016–0096. Address
application date, and subject in your
elements. questions about NRC dockets to Carol
comment submission.
7. Do you have any concerns or ideas Gallagher; telephone: 301–415–3463;
about NCUA schedules/forms for email: Carol.Gallagher@nrc.gov. For The NRC cautions you not to include
collecting financial and non-financial technical questions, contact the identifying or contact information that
information not addressed above? individual listed in the FOR FURTHER you do not want to be publicly
INFORMATION CONTACT section of this disclosed in your comment submission.
Dated: June 1, 2016. The NRC will post all comment
document.
Gerard S. Poliquin, • Mail comments to: Cindy Bladey, submissions at http://
Secretary of the Board. Office of Administration, Mail Stop: www.regulations.gov as well as enter the
[FR Doc. 2016–13332 Filed 6–6–16; 8:45 am] OWFN–12–H08, U.S. Nuclear comment submissions into ADAMS.
BILLING CODE 7535–01–P Regulatory Commission, Washington, The NRC does not routinely edit
DC 20555–0001. comment submissions to remove
For additional direction on obtaining identifying or contact information.
NUCLEAR REGULATORY information and submitting comments,
If you are requesting or aggregating
COMMISSION see ‘‘Obtaining Information and
comments from other persons for
Submitting Comments’’ in the
[NRC–2016–0096] submission to the NRC, then you should
SUPPLEMENTARY INFORMATION section of
this document. inform those persons not to include
Applications and Amendments to identifying or contact information that
Facility Operating Licenses and FOR FURTHER INFORMATION CONTACT:
they do not want to be publicly
Combined Licenses Involving Janet Burkhardt, Office of Nuclear disclosed in their comment submission.
Proposed No Significant Hazards Reactor Regulation, U.S. Nuclear
Your request should state that the NRC
Considerations and Containing Regulatory Commission, Washington DC
does not routinely edit comment
Sensitive Unclassified Non-Safeguards 20555–0001; telephone: 301–415–1384,
submissions to remove such information
Information and Order Imposing email: Janet.Burkhardt@nrc.gov.
before making the comment
Procedures for Access to Sensitive SUPPLEMENTARY INFORMATION: submissions available to the public or
Unclassified Non-Safeguards entering the comment submissions into
I. Obtaining Information and
Information ADAMS.
Submitting Comments
AGENCY: Nuclear Regulatory II. Background
A. Obtaining Information
Commission.
ACTION: License amendment request; Please refer to Docket ID NRC–2016– Pursuant to Section 189a.(2) of the
opportunity to comment, request a 0096 when contacting the NRC about Atomic Energy Act of 1954, as amended
hearing, and petition for leave to the availability of information for this (the Act), the NRC is publishing this
intervene; order. action. You may obtain publicly- notice. The Act requires the
available information related to this Commission to publish notice of any
SUMMARY: The U.S. Nuclear Regulatory action by any of the following methods: amendments issued, or proposed to be
Commission (NRC) received and is • Federal rulemaking Web site: Go to issued and grants the Commission the
considering approval of five amendment http://www.regulations.gov and search
authority to issue and make
requests. The amendment requests are for Docket ID NRC–2016–0096.
immediately effective any amendment
for Palisades Nuclear Plant (PNP); • NRC’s Agencywide Documents
to an operating license or combined
Donald C. Cook Nuclear Plant, Units 1 Access and Management System
asabaliauskas on DSK3SPTVN1PROD with NOTICES
license, as applicable, upon a
and 2; Fort Calhoun Station, Unit No. 1; (ADAMS): You may obtain publicly-
Diablo Canyon Nuclear Power Plant, available documents online in the determination by the Commission that
Units 1 and 2; and Hope Creek ADAMS Public Documents collection at such amendment involves no significant
Generating Station. For each http://www.nrc.gov/reading-rm/ hazards consideration, notwithstanding
amendment request, the NRC proposes adams.html. To begin the search, select the pendency before the Commission of
to determine that they involve no ‘‘ADAMS Public Documents’’ and then a request for a hearing from any person.
significant hazards consideration. In select ‘‘Begin Web-based ADAMS This notice includes notices of
addition, each amendment request Search.’’ For problems with ADAMS, amendments containing SUNSI.
VerDate Sep<11>2014 19:13 Jun 06, 2016 Jkt 238001 PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 E:\FR\FM\07JNN1.SGM 07JNN1](https://thefederalregister.org/doc/81_FR_36709/page/2.svg)
Document Created: 2018-02-08 07:31:23
Document Modified: 2018-02-08 07:31:23
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice; Request for Information (RFI). | |
| Dates | Comments must be received by 5:00 p.m. Eastern time on August 1, 2016. | |
| Contact | Mark Vaughan, National Credit Union Administration, Office of Examination and Insurance, 1775 Duke Street, Alexandria, VA 22314, telephone (703) 518-6622, email [email protected] Media inquiries should be directed to the NCUA Office of Public and Congressional Affairs at (703) 518-6671 or [email protected] | |
| FR Citation | 81 FR 36600 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR