83 FR 4518 - Modernizing Data Collection for Supervision of Credit Unions
NATIONAL CREDIT UNION ADMINISTRATION Federal Register Volume 83, Issue 21 (January 31, 2018)
Federal Register Volume 83, Issue 21 (January 31, 2018)
| Page Range | 4518-4519 | |
| FR Document | 2018-01879 |
[Federal Register Volume 83, Number 21 (Wednesday, January 31, 2018)] [Notices] [Pages 4518-4519] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-01879] ======================================================================= ----------------------------------------------------------------------- NATIONAL CREDIT UNION ADMINISTRATION Modernizing Data Collection for Supervision of Credit Unions AGENCY: National Credit Union Administration. ACTION: Notice; Request for Information (RFI). ----------------------------------------------------------------------- SUMMARY: 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. DATES: Comments must be received on or before April 2, 2018. ADDRESSES: Comments may be submitted using one of the methods below (Please do not send comments through 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 Mary Thor, 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, TXT or PDF. NCUA will post all material received by the deadline on the agency website (www.ncua.gov) without alteration or redaction, so commenters should not include information they do not want to become public (such as personal or confidential business information). Spam or marketing materials will be discarded without publication. All comments should be specific to this notice on the proposed Call Report and Profile forms and instructions. FOR FURTHER INFORMATION CONTACT: 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. SUPPLEMENTARY INFORMATION: The National Credit Union Administration's (NCUA) regulation and supervision of federally insured credit unions is designed to protect the safety and soundness of credit unions and enforce applicable laws and regulations. As the financial services industry and credit union landscape evolve, the NCUA must regularly review and update our data collection and other supervisory processes. While the NCUA is proposing to reduce the amount of data collected [[Page 4519]] through the 5300 Call Report, credit unions will need to maintain supporting documentation for the information typically requested during examination and supervision contacts. The NCUA uses the Call Report and Profile to collect financial and nonfinancial information from federally insured credit unions. The resulting data are integral to risk supervision at institution and industry levels, which is central to safeguarding the integrity of the National Credit Union Share Insurance Fund. After extensive outreach, the working group developed a prototype of streamlined Call Report and Profile forms. The current Call Report has 1,523 \1\ account codes (the September 2017 post-MBL/Commercial loan changes). The prototype retires 1,017 account codes. Most of the account codes proposed to be retired are no longer needed, but some would be collected through another means, such as the exam process. --------------------------------------------------------------------------- \1\ Of the 1,523 account codes, 1,179 account codes are for data input. The remaining accounts are calculated or prepopulated. --------------------------------------------------------------------------- The prototype Call Report adds 413 new account codes to accommodate necessary changes such as for ASC Topic 326, Financial Instruments Current Expected Credit Losses and for the risk-based capital rule currently scheduled to go into effect in January 2019.\2\ --------------------------------------------------------------------------- \2\ The NCUA is considering delaying the effective date of this rule, as well as modifying or eliminating the rule. This schedule would revert to the current risk-based net worth requirement collection if the risk-based capital rule is delayed or eliminated, and would otherwise be modified based on any changes to the capital rules the Board might adopt. The risk-based schedule was designed as a stand-alone schedule so it could be removed or modified without impacting any other schedules of the Call Report. --------------------------------------------------------------------------- After these additions, the final number of total account codes on the prototype Call Report is 919--a net reduction of approximately 40 percent.\3\ The schedules have been reorganized so they are separated by programs and significantly smaller. The reorganization of the schedules would also facilitate an adaptive user interface the NCUA plans to provide for CU Online as part of the Enterprise Solutions Modernization. The prototype also includes improved instructions. The Profile underwent a similar review and redesign, eliminating outdated data elements and attributes resulting in a reduction of approximately 150 data elements and attributes. All of these changes incorporate the stakeholder feedback received. --------------------------------------------------------------------------- \3\ Of the 919 account codes, 753 account codes are for data input and the remaining account codes are calculated or prepopulated. However, the proposed new form provides for credit unions to report information based on ASC 326 (CECL) if they have chosen to adopt it early. Otherwise, credit unions would continue to report based on current account standards. CECL is an either or selection in the new form; thus the total account codes and the fillable account codes for a credit union adopting CECL is 891 and 733 respectively, and 871 and 716 respectively if they have not early adopted CECL. --------------------------------------------------------------------------- Request for Comment The NCUA is seeking comments on all proposed changes to the Call Report form 5300, the Profile form 4501A, and their accompanying instructions. The proposed forms and instructions are available on the NCUA's Call Report Modernization web page. When reviewing the comment documents, please consider the following questions. 1. Are there account codes that are proposed to be retired that are still pertinent? If so, please provide the account code(s) and the reason for maintaining it. 2. Are there additional account codes that should be retired or consolidated? If so, please provide the account code(s) and the reason for retiring it. 3. Are relocated account codes grouped logically? If not, please propose a location you feel is more logically suited. 4. Should any of the schedules be expanded to assist in analysis based on new rules or accounting changes? If so, please provide details of data the NCUA should also collect. 5. Are the instructions adequate in both content and design? If not, please cite specific sections that require improvement or correction. 6. How much lead time do credit unions need to work with vendors to make changes to their systems in order to support such changes to the Call Report? 7. Are there any other operational issues the NCUA should be aware of prior to implementing the proposed changes? 8. From your perspective, do you think this is a reduction in your reporting burden? Please explain. 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 the NCUA use the input provided. Next Steps: The NCUA will review all comments and make necessary changes before implementing the future Call Report and Profile forms. When the NCUA is ready to implement the future Call Report and Profile forms, the OMB Paperwork Reduction Act process will be used to formally announce planned changes. By the National Credit Union Administration, this 25th day of January 2018. Gerard Poliquin, Secretary of the Board. [FR Doc. 2018-01879 Filed 1-30-18; 8:45 am] BILLING CODE 7535-01-P
![4518 Federal Register / Vol. 83, No. 21 / Wednesday, January 31, 2018 / Notices
2018 FEDERAL SCHEDULE OF REMUNERATION—Continued
[20 CFR 614.12(d)]
Weekly Daily
Pay Grade Monthly rate (7/30th) (1/30th)
0–1E ..................................................................................................................................... 7,087.94 1,653.82 236.26
3. Warrant Officer:
W–5 ...................................................................................................................................... 11,727.76 2,736.51 390.93
W–4 ...................................................................................................................................... 10,204.40 2,381.05 340.15
W–3 ...................................................................................................................................... 8,790.03 2,051.00 293.00
W–2 ...................................................................................................................................... 7,590.03 1,771.00 253.00
W–1 ...................................................................................................................................... 6,559.87 1,530.62 218.66
4. Enlisted Personnel:
E–9 ....................................................................................................................................... 9,695.12 2,262.19 323.17
E–8 ....................................................................................................................................... 8,029.70 1,873.62 267.66
E–7 ....................................................................................................................................... 7,165.65 1,671.95 238.85
E–6 ....................................................................................................................................... 6,315.07 1,473.50 210.50
E–5 ....................................................................................................................................... 5,356.17 1,249.78 178.54
E–4 ....................................................................................................................................... 4,426.94 1,032.92 147.56
E–3 ....................................................................................................................................... 4,007.04 934.99 133.57
E–2 ....................................................................................................................................... 3,893.40 908.46 129.78
E–1 ....................................................................................................................................... 3,476.11 811.09 115.87
The Federal Schedule includes columns reflecting derived weekly and daily rates. This revised Federal Schedule of Remuneration is effective
for UCX ‘‘first claims’’ filed beginning with the first day of the first week which begins on or after January 1, 2018, pursuant to 20 CFR 614.12(c).
[FR Doc. 2018–01911 Filed 1–30–18; 8:45 am] working group reviewed all stakeholder National Credit Union Administration,
BILLING CODE 4510–FW–P comments and posted summaries of the Office of Examination and Insurance,
comments on the NCUA’s Call Report 1775 Duke Street, Alexandria, VA
Modernization web page. 22314.
NATIONAL CREDIT UNION The working group also conducted • Email: Address to CallReportMod@
ADMINISTRATION additional technical research, such as ncua.gov. Any of the following formats
on generally accepted accounting is acceptable: HTML, ASCII, Word, RTF,
Modernizing Data Collection for principles relevant to the Call Report. TXT or PDF.
Supervision of Credit Unions The working group’s comprehensive NCUA will post all material received
analysis resulted in this proposal to by the deadline on the agency website
AGENCY: National Credit Union (www.ncua.gov) without alteration or
reorganize the schedules in the Call
Administration. redaction, so commenters should not
Report and Profile, retire obsolete
ACTION: Notice; Request for Information include information they do not want to
account codes, and relocate some
(RFI). account codes to other collections. The become public (such as personal or
SUMMARY: At the May 19, 2016, meeting proposed streamlining for the Call confidential business information).
of the NCUA Board, the agency Report results in a net reduction of Spam or marketing materials will be
discussed plans for modernizing roughly 40 percent of account codes. discarded without publication. All
NCUA’s collection of data from The proposed changes to the Profile comments should be specific to this
federally insured credit unions. Key result in approximately a 20 percent net notice on the proposed Call Report and
goals of the modernization effort reduction. Profile forms and instructions.
include reducing the reporting burden The proposed updates to the 5300 FOR FURTHER INFORMATION CONTACT:
on credit unions, improving offsite Call Report and 4501A Profile forms, Mary Thor, National Credit Union
supervision capability, and updating the instructions, and related background Administration, Office of Examination
organization of the forms and related material are available for review and and Insurance, 1775 Duke Street,
instructions. comment, online at https:// Alexandria, VA 22314, telephone (703)
In June 2016, the NCUA issued a www.ncua.gov/About/Pages/open- 518–6586, and email mthor@ncua.gov.
Request for Information in the Federal government/call-report- Media inquiries should be directed to
Register seeking public input on the modernization.aspx. Target participants NCUA’s Office of Public and
regulatory data collected through the include credit unions, credit union Congressional Affairs at (703) 518–6330
Call Report and Profile, resulting in 684 leagues, trade associations, regulators, or pacamail@ncua.gov.
individual comments. In September and industry-related persons. SUPPLEMENTARY INFORMATION: The
2016, the Call Report Modernization DATES: Comments must be received on National Credit Union Administration’s
Working Group solicited feedback from or before April 2, 2018. (NCUA) regulation and supervision of
agency staff and state supervisory ADDRESSES: Comments may be federally insured credit unions is
authorities, resulting in 492 comments. submitted using one of the methods designed to protect the safety and
The working group also hosted phone soundness of credit unions and enforce
sradovich on DSK3GMQ082PROD with NOTICES
below (Please do not send comments
calls with state supervisory authorities through multiple methods). Include applicable laws and regulations. As the
and credit unions representing each of ‘‘[Your name and company name (if financial services industry and credit
the five asset peer groups during any)]—Call Report/Profile Content union landscape evolve, the NCUA
October 2016. These calls gave Modernization’’ in all correspondence. must regularly review and update our
stakeholders an additional opportunity • Mail: Please direct written data collection and other supervisory
to have a dialogue on recommendations comments related to Call Report/Profile processes. While the NCUA is proposing
for the Call Report and Profile. The Content Modernization to Mary Thor, to reduce the amount of data collected
VerDate Sep<11>2014 17:36 Jan 30, 2018 Jkt 244001 PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 E:\FR\FM\31JAN1.SGM 31JAN1](https://thefederalregister.org/doc/83_FR_4539/page/1.svg)
![Federal Register / Vol. 83, No. 21 / Wednesday, January 31, 2018 / Notices 4519
through the 5300 Call Report, credit similar review and redesign, eliminating be used to formally announce planned
unions will need to maintain supporting outdated data elements and attributes changes.
documentation for the information resulting in a reduction of By the National Credit Union
typically requested during examination approximately 150 data elements and Administration, this 25th day of January
and supervision contacts. The NCUA attributes. All of these changes 2018.
uses the Call Report and Profile to incorporate the stakeholder feedback Gerard Poliquin,
collect financial and nonfinancial received. Secretary of the Board.
information from federally insured
credit unions. The resulting data are Request for Comment [FR Doc. 2018–01879 Filed 1–30–18; 8:45 am]
BILLING CODE 7535–01–P
integral to risk supervision at institution The NCUA is seeking comments on
and industry levels, which is central to all proposed changes to the Call Report
safeguarding the integrity of the form 5300, the Profile form 4501A, and
National Credit Union Share Insurance their accompanying instructions. The NATIONAL LABOR RELATIONS
Fund. proposed forms and instructions are BOARD
After extensive outreach, the working available on the NCUA’s Call Report
group developed a prototype of Modernization web page. When Amendment of Statement of
streamlined Call Report and Profile reviewing the comment documents, Organization and Functions;
forms. The current Call Report has please consider the following questions. Restructuring of National Labor
1,523 1 account codes (the September 1. Are there account codes that are Relations Board’s Field Organization
2017 post-MBL/Commercial loan proposed to be retired that are still AGENCY: National Labor Relations
changes). The prototype retires 1,017 pertinent? If so, please provide the Board.
account codes. Most of the account account code(s) and the reason for ACTION: Notice of administrative change
codes proposed to be retired are no maintaining it. in status of the Anchorage, Alaska
longer needed, but some would be 2. Are there additional account codes Resident Office (Region 19) of the
collected through another means, such that should be retired or consolidated? National Labor Relations Board, which
as the exam process. If so, please provide the account code(s) has been closed and the area will be
The prototype Call Report adds 413 and the reason for retiring it. served by agents working from other
new account codes to accommodate 3. Are relocated account codes
locations.
necessary changes such as for ASC grouped logically? If not, please propose
Topic 326, Financial Instruments a location you feel is more logically SUMMARY: The National Labor Relations
Current Expected Credit Losses and for suited. Board has closed its Anchorage, Alaska
the risk-based capital rule currently 4. Should any of the schedules be Resident Office because it has
scheduled to go into effect in January expanded to assist in analysis based on determined that closing the office and
2019.2 new rules or accounting changes? If so, serving the area with resident agents
After these additions, the final please provide details of data the NCUA working in the area, will result in
number of total account codes on the should also collect. significant savings while continuing to
prototype Call Report is 919—a net 5. Are the instructions adequate in effectively serve the area currently
reduction of approximately 40 percent.3 both content and design? If not, please served by this office.
The schedules have been reorganized so cite specific sections that require DATES: Applicable Date: The change
they are separated by programs and improvement or correction. with respect to the Anchorage, Alaska
significantly smaller. The reorganization 6. How much lead time do credit
office was announced by press release
of the schedules would also facilitate an unions need to work with vendors to
on December 11, 2017 and was effective
adaptive user interface the NCUA plans make changes to their systems in order
to provide for CU Online as part of the December 29, 2017.
to support such changes to the Call
Enterprise Solutions Modernization. Report? FOR FURTHER INFORMATION CONTACT:
The prototype also includes improved 7. Are there any other operational Roxanne Rothschild, Deputy Executive
instructions. The Profile underwent a issues the NCUA should be aware of Secretary, 1015 Half Street SE, Room
prior to implementing the proposed 5011, Washington, DC 20570.
1 Of the 1,523 account codes, 1,179 account codes
changes? Telephone: (202) 273–1940.
are for data input. The remaining accounts are 8. From your perspective, do you SUPPLEMENTARY INFORMATION: The
calculated or prepopulated.
2 The NCUA is considering delaying the effective think this is a reduction in your National Labor Relations Board has
date of this rule, as well as modifying or eliminating reporting burden? Please explain. closed its Anchorage Resident Office
the rule. This schedule would revert to the current Information received will not be used and now services the area through full-
risk-based net worth requirement collection if the for statistical purposes. Responses time Resident Agents. This change was
risk-based capital rule is delayed or eliminated, and
would otherwise be modified based on any changes
containing references to studies, prompted by an examination of the
to the capital rules the Board might adopt. The risk- research, or data not widely available to staffing, caseloads, and rental and
based schedule was designed as a stand-alone the public should include copies of operating costs for the Anchorage office.
schedule so it could be removed or modified referenced materials. A description of This revision is nonsubstantive or
without impacting any other schedules of the Call
Report.
the commenter’s organization and its merely procedural in nature. The Board
3 Of the 919 account codes, 753 account codes are interest in the Call Report and Profile expects no adverse impact on the
for data input and the remaining account codes are will help the NCUA use the input quality of casehandling as a result of the
sradovich on DSK3GMQ082PROD with NOTICES
calculated or prepopulated. However, the proposed provided. office closure.
new form provides for credit unions to report Next Steps: The NCUA will review all Region 19, which handles cases
information based on ASC 326 (CECL) if they have
chosen to adopt it early. Otherwise, credit unions comments and make necessary changes arising in Alaska, is headed by a
would continue to report based on current account before implementing the future Call Regional Director, who works in the
standards. CECL is an either or selection in the new Report and Profile forms. When the Seattle, Washington Regional office and
form; thus the total account codes and the fillable
account codes for a credit union adopting CECL is
NCUA is ready to implement the future has full authority for the processing of
891 and 733 respectively, and 871 and 716 Call Report and Profile forms, the OMB both unfair labor practice and
respectively if they have not early adopted CECL. Paperwork Reduction Act process will representation cases in that area.
VerDate Sep<11>2014 17:36 Jan 30, 2018 Jkt 244001 PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 E:\FR\FM\31JAN1.SGM 31JAN1](https://thefederalregister.org/doc/83_FR_4539/page/2.svg)
Document Created: 2018-01-31 00:57:35
Document Modified: 2018-01-31 00:57:35
| 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 on or before April 2, 2018. | |
| Contact | Mary Thor, National Credit Union Administration, Office of Examination and Insurance, 1775 Duke Street, Alexandria, VA 22314, telephone (703) 518-6586, and email [email protected] Media inquiries should be directed to NCUA's Office of Public and Congressional Affairs at (703) 518-6330 or [email protected] | |
| FR Citation | 83 FR 4518 |
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