83_FR_45317 83 FR 45145 - Agency Information Collection Activities: Proposed Collection; Comment Request; NCUA Call Report and Profile

83 FR 45145 - Agency Information Collection Activities: Proposed Collection; Comment Request; NCUA Call Report and Profile

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 83, Issue 172 (September 5, 2018)

Page Range45145-45145
FR Document2018-19178

The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following revision of a currently approved collection, as required by the Paperwork Reduction Act of 1995.

Federal Register, Volume 83 Issue 172 (Wednesday, September 5, 2018) 
[Federal Register Volume 83, Number 172 (Wednesday, September 5, 2018)]
[Notices]
[Page 45145]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-19178]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; NCUA Call Report and Profile

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following revision of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before November 5, 
2018 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Suite 5080, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or Email at PRAComments@NCUA.gov.

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to the address above or telephone 703-548-2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0004.
    Title: NCUA Call Report and Profile.
    Forms: NCUA Form 5300 and 4501A.
    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 to make financial reports to 
the NCUA. Section 741.6 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 and NCUA Form 4501A, Credit Union Profile, is used to obtain non-
financial data relevant to regulation and supervision such as the names 
of senior management and volunteer officials, and are reported through 
NCUA's online portal, Credit Unions Online.
    The financial and statistical information is essential to NCUA in 
carrying out its responsibility for supervising federal credit unions. 
The information also enables NCUA to monitor all federally insured 
credit unions with National Credit Union Share Insurance Fund (NCUSIF) 
insured share accounts.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 5,530.
    Estimated Number of Responses per Respondent: 4.
    Estimated Total Annual Responses: 22,120.
    Estimated Burden Hours per Response: 6.
    Estimated Total Annual Burden Hours: 132,720.
    Reason for Change: Revisions are attributed to the issuance of 
accounting standards codifications (ASC) by the Financial Accounting 
Standards Board, revised data selections to the current products and 
services offered by credit unions, and the removal of other elements 
deemed no longer necessary to maintain proper credit union supervision; 
including several pages of Schedule D, Derivative Transactions Report.
    These revisions will not alter the estimated burden hours necessary 
to review the instructions and complete the filing as the burden 
associated with Schedule D affects less than one percent of the credit 
unions and did not impact the industry average burden hours. The amount 
of data elements removed compared to those added negates the difference 
in burden.
    The burden hours reflect an adjustment to the number of respondents 
due to the decline in the number of federally insured credit unions, 
which has averaged approximately one percent per quarter. Specifically, 
the number of federally insured credit unions completing the Call 
Report and Profile dropped from 5,954 to 5,530 (March 2018). The 
reduction of 10,176 burden hours reflects this adjustment.
    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 
execution 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 Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on August 30, 2018.

    Dated: August 30, 2018.

Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-19178 Filed 9-4-18; 8:45 am]
 BILLING CODE 7535-01-P

Federal Register / Vol. 83, No. 172 / Wednesday, September 5, 2018 / Notices 45145 corruption related to the extraction and agencies to comment on the following unions, and the removal of other sale of oil and gas; establish democratic revision of a currently approved elements deemed no longer necessary to institutions; establish accountable collection, as required by the Paperwork maintain proper credit union military and police forces under civilian Reduction Act of 1995. supervision; including several pages of authority; and investigate and prosecute DATES: Written comments should be Schedule D, Derivative Transactions individuals credibly alleged to have received on or before November 5, 2018 Report. committed gross violations of human to be assured consideration. These revisions will not alter the rights, including at the Terrain ADDRESSES: Interested persons are compound in Juba, South Sudan on July estimated burden hours necessary to invited to submit written comments on review the instructions and complete 11, 2016. the information collection to Dawn Sudan is ineligible to receive foreign the filing as the burden associated with Wolfgang, National Credit Union Schedule D affects less than one percent assistance, including pursuant to Administration, 1775 Duke Street, Suite section 7042(i) of the FY 2018 of the credit unions and did not impact 5080, Alexandria, Virginia 22314; Fax the industry average burden hours. The Appropriations Act, which prohibits No. 703–519–8579; or Email at (with limited exceptions) assistance to amount of data elements removed PRAComments@NCUA.gov. the government of Sudan. compared to those added negates the Syria is ineligible to receive foreign FOR FURTHER INFORMATION CONTACT: difference in burden. assistance, including pursuant to Address requests for additional information to the address above or The burden hours reflect an section 7007 of the FY 2018 adjustment to the number of Appropriations Act, which prohibits telephone 703–548–2279. SUPPLEMENTARY INFORMATION: respondents due to the decline in the direct assistance to the government of OMB Number: 3133–0004. number of federally insured credit Syria. Zimbabwe is ineligible to receive Title: NCUA Call Report and Profile. unions, which has averaged foreign assistance, including pursuant to Forms: NCUA Form 5300 and 4501A. approximately one percent per quarter. section 7042(j)(2) of the FY 2018 Type of Review: Revision of a Specifically, the number of federally Appropriations Act, which prohibits currently approved collection. insured credit unions completing the (with limited exceptions) assistance for Abstract: Sections 106 and 202 of the Call Report and Profile dropped from the central government of Zimbabwe Federal Credit Union Act require 5,954 to 5,530 (March 2018). The unless the Secretary of State certifies federally insured credit unions to make reduction of 10,176 burden hours and reports to Congress that the rule of financial reports to the NCUA. Section reflects this adjustment. law has been restored, including respect 741.6 prescribes the method in which Request for Comments: Comments for ownership and title to property, and federally insured credit unions must submit this information to NCUA. submitted in response to this notice will freedoms of expression, association, and be summarized and included in the assembly. NCUA Form 5300, Call Report, is used to file quarterly financial and statistical request for Office of Management and Countries identified above as Budget approval. All comments will candidate countries, as well as countries data and NCUA Form 4501A, Credit Union Profile, is used to obtain non- become a matter of public record. The that would be considered candidate financial data relevant to regulation and public is invited to submit comments countries but for the applicability of legal provisions that prohibit U.S. supervision such as the names of senior concerning: (a) Whether the collection economic assistance, may be the subject management and volunteer officials, of information is necessary for the of future statutory restrictions or and are reported through NCUA’s online proper execution of the function of the determinations, or changed country portal, Credit Unions Online. agency, including whether the circumstances, that affect their legal The financial and statistical information will have practical utility; eligibility for assistance under part I of information is essential to NCUA in (b) the accuracy of the agency’s estimate the Foreign Assistance Act by reason of carrying out its responsibility for of the burden of the collection of application of the Foreign Assistance supervising federal credit unions. The information, including the validity of Act or any other provision of law for FY information also enables NCUA to the methodology and assumptions used; 2019. monitor all federally insured credit (c) ways to enhance the quality, utility, unions with National Credit Union and clarity of the information to be [FR Doc. 2018–19196 Filed 8–30–18; 4:15 pm] Share Insurance Fund (NCUSIF) insured collected; and (d) ways to minimize the BILLING CODE 9211–03–P share accounts. burden of the collection of the Affected Public: Private Sector: Not- information on the respondents, for-profit institutions. including the use of automated NATIONAL CREDIT UNION Estimated Number of Respondents: ADMINISTRATION collection techniques or other forms of 5,530. Estimated Number of Responses per information technology. Agency Information Collection Respondent: 4. By Gerard Poliquin, Secretary of the Board, Activities: Proposed Collection; Estimated Total Annual Responses: the National Credit Union Administration, on Comment Request; NCUA Call Report 22,120. August 30, 2018. and Profile Estimated Burden Hours per Dated: August 30, 2018. AGENCY: National Credit Union Response: 6. Dawn D. Wolfgang, Administration (NCUA). Estimated Total Annual Burden daltland on DSKBBV9HB2PROD with NOTICES Hours: 132,720. NCUA PRA Clearance Officer. ACTION: Notice and request for comment. Reason for Change: Revisions are [FR Doc. 2018–19178 Filed 9–4–18; 8:45 am] SUMMARY: The National Credit Union attributed to the issuance of accounting BILLING CODE 7535–01–P Administration (NCUA), as part of a standards codifications (ASC) by the continuing effort to reduce paperwork Financial Accounting Standards Board, and respondent burden, invites the revised data selections to the current general public and other Federal products and services offered by credit VerDate Sep<11>2014 17:04 Sep 04, 2018 Jkt 244001 PO 00000 Frm 00058 Fmt 4703 Sfmt 9990 E:\FR\FM\05SEN1.SGM 05SEN1


Document Created: 2018-09-05 01:58:33
Document Modified: 2018-09-05 01:58:33
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comment.
DatesWritten comments should be received on or before November 5, 2018 to be assured consideration.
FR Citation83 FR 45145 
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