Modernizing Data Collection for Regulatory Oversight of Credit Unions, 36600-36601 [2016-13332]

Download as PDF 36600 Federal Register / Vol. 81, No. 109 / Tuesday, June 7, 2016 / Notices mail at National Archives and Records Administration; Office of Government Information Services; 8601 Adelphi Road; College Park, MD 20740–6001, or by email at foia-advisory-committee@ nara.gov. SUPPLEMENTARY INFORMATION: NARA operates the FOIA Advisory Committee in accordance with provisions of the Federal Advisory Committee Act of 1972 (FACA) (5 U.S.C., App. 2) and implementing regulations at 41 CFR 102–3.5, et seq. The FACA formalizes a process for establishing, operating, overseeing, and terminating Federal advisory committees, and we review, at least annually, the need to continue each existing advisory committee. In accordance with the Government in the Sunshine Act (5 U.S.C. 552b(c)), the FOIA Advisory Committee meetings are open to the public, and we announce them in the Federal Register at least 15 days prior to each meeting. Patrice Murray, Committee Management Officer. [FR Doc. 2016–13384 Filed 6–6–16; 8:45 am] BILLING CODE 7515–01–P NATIONAL CREDIT UNION ADMINISTRATION Modernizing Data Collection for Regulatory Oversight of Credit Unions National Credit Union Administration. ACTION: Notice; Request for Information (RFI). AGENCY: 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 asabaliauskas on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 19:13 Jun 06, 2016 Jkt 238001 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 PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 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? E:\FR\FM\07JNN1.SGM 07JNN1 Federal Register / Vol. 81, No. 109 / Tuesday, June 7, 2016 / Notices 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? [FR Doc. 2016–13332 Filed 6–6–16; 8:45 am] BILLING CODE 7535–01–P NUCLEAR REGULATORY COMMISSION [NRC–2016–0096] Applications and Amendments to Facility Operating Licenses and Combined Licenses Involving Proposed No Significant Hazards Considerations and Containing Sensitive Unclassified Non-Safeguards Information and Order Imposing Procedures for Access to Sensitive Unclassified Non-Safeguards Information Nuclear Regulatory Commission. ACTION: License amendment request; opportunity to comment, request a hearing, and petition for leave to intervene; order. AGENCY: The U.S. Nuclear Regulatory Commission (NRC) received and is considering approval of five amendment requests. The amendment requests are for Palisades Nuclear Plant (PNP); Donald C. Cook Nuclear Plant, Units 1 and 2; Fort Calhoun Station, Unit No. 1; Diablo Canyon Nuclear Power Plant, Units 1 and 2; and Hope Creek Generating Station. For each amendment request, the NRC proposes to determine that they involve no significant hazards consideration. In addition, each amendment request asabaliauskas on DSK3SPTVN1PROD with NOTICES VerDate Sep<11>2014 19:13 Jun 06, 2016 Jkt 238001 You may submit comments by any of the following methods (unless this document describes a different method for submitting comments on a specific subject): • Federal Rulemaking Web site: Go to http://www.regulations.gov and search for Docket ID NRC–2016–0096. Address questions about NRC dockets to Carol Gallagher; telephone: 301–415–3463; email: Carol.Gallagher@nrc.gov. For technical questions, contact the individual listed in the FOR FURTHER INFORMATION CONTACT section of this document. • Mail comments to: Cindy Bladey, Office of Administration, Mail Stop: OWFN–12–H08, U.S. Nuclear Regulatory Commission, Washington, DC 20555–0001. For additional direction on obtaining information and submitting comments, see ‘‘Obtaining Information and Submitting Comments’’ in the SUPPLEMENTARY INFORMATION section of this document. FOR FURTHER INFORMATION CONTACT: Janet Burkhardt, Office of Nuclear Reactor Regulation, U.S. Nuclear Regulatory Commission, Washington DC 20555–0001; telephone: 301–415–1384, email: Janet.Burkhardt@nrc.gov. SUPPLEMENTARY INFORMATION: ADDRESSES: please contact the NRC’s Public Document Room (PDR) reference staff at 1–800–397–4209, 301–415–4737, or by email to pdr.resource@nrc.gov. The ADAMS accession number for each document referenced (if it is available in ADAMS) is provided the first time that it is mentioned in the SUPPLEMENTARY INFORMATION section. • NRC’s PDR: You may examine and purchase copies of public documents at the NRC’s PDR, Room O1–F21, One White Flint North, 11555 Rockville Pike, Rockville, Maryland 20852. B. Submitting Comments I. Obtaining Information and Submitting Comments Please include Docket ID NRC–2016– 0096, facility name, unit number(s), application date, and subject in your comment submission. The NRC cautions you not to include identifying or contact information that you do not want to be publicly disclosed in your comment submission. The NRC will post all comment submissions at http:// www.regulations.gov as well as enter the comment submissions into ADAMS. The NRC does not routinely edit comment submissions to remove identifying or contact information. If you are requesting or aggregating comments from other persons for submission to the NRC, then you should inform those persons not to include identifying or contact information that they do not want to be publicly disclosed in their comment submission. Your request should state that the NRC does not routinely edit comment submissions to remove such information before making the comment submissions available to the public or entering the comment submissions into ADAMS. A. Obtaining Information Dated: June 1, 2016. Gerard S. Poliquin, Secretary of the Board. SUMMARY: contains sensitive unclassified nonsafeguards information (SUNSI). DATES: Comments must be filed by July 7, 2016. A request for a hearing must be filed by August 8, 2016. Any potential party as defined in § 2.4 of title 10 of the Code of Federal Regulations (10 CFR), who believes access to SUNSI is necessary to respond to this notice must request document access by June 17, 2016. 36601 II. Background Please refer to Docket ID NRC–2016– 0096 when contacting the NRC about the availability of information for this action. You may obtain publiclyavailable information related to this action by any of the following methods: • Federal rulemaking Web site: Go to http://www.regulations.gov and search for Docket ID NRC–2016–0096. • NRC’s Agencywide Documents Access and Management System (ADAMS): You may obtain publiclyavailable documents online in the ADAMS Public Documents collection at http://www.nrc.gov/reading-rm/ adams.html. To begin the search, select ‘‘ADAMS Public Documents’’ and then select ‘‘Begin Web-based ADAMS Search.’’ For problems with ADAMS, Pursuant to Section 189a.(2) of the Atomic Energy Act of 1954, as amended (the Act), the NRC is publishing this notice. The Act requires the Commission to publish notice of any amendments issued, or proposed to be issued and grants the Commission the authority to issue and make immediately effective any amendment to an operating license or combined license, as applicable, upon a determination by the Commission that such amendment involves no significant hazards consideration, notwithstanding the pendency before the Commission of a request for a hearing from any person. This notice includes notices of amendments containing SUNSI. PO 00000 Frm 00086 Fmt 4703 Sfmt 4703 E:\FR\FM\07JNN1.SGM 07JNN1

Agencies

[Federal Register Volume 81, Number 109 (Tuesday, June 7, 2016)]
[Notices]
[Pages 36600-36601]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13332]


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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