Electronic Loan, Deposit, and Investment Data Collection, 50447-50458 [2017-23219]

Download as PDF Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices Estimated Total Annual Burden Hours: 2,404. 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 performance 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 information collection, 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 information collection on 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 October 25, 2017. Dated: October 26, 2017. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2017–23610 Filed 10–30–17; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Electronic Loan, Deposit, and Investment Data Collection National Credit Union Administration (NCUA). ACTION: Request for Information (RFI) AGENCY: The National Credit Union Administration is conducting a comprehensive review of the loan, deposit, and investment information collected electronically during examinations of federally insured credit unions from the core data processing and offline systems used by credit unions. SUMMARY: Comments must be received on or before January 2, 2018. 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)]—Electronic Data Collection Modernization in all correspondence. • Email: Address to BIMail@ NCUA.gov. Include ‘‘[Your name] Comments on Electronic Data Collection Modernization’’ in the email subject line. Any of the following formats is asabaliauskas on DSKBBXCHB2PROD with NOTICES DATES: VerDate Sep<11>2014 17:37 Oct 30, 2017 Jkt 244001 acceptable: HTML, ASCII, Word, RTF, or PDF. • Mail: Please direct written comments to Amber Gravius, National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314. NCUA will post all comments 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: Kelly Lay, Business Innovation Director or Amber Gravius, Special Assistant for Business Innovation, Office of the Executive Director, at 1775 Duke Street, Alexandria, VA 22314 or telephone (703) 518–6313 (Ms. Lay) or (703) 548– 2411 (Ms. Gravius). Media inquiries should be directed to the NCUA Office of Public and Congressional Affairs at (703) 518–6671 or pacamail@ncua.gov. SUPPLEMENTARY INFORMATION: The National Credit Union Administration (NCUA) is conducting a comprehensive review of the loan, deposit, and investment information collected electronically during examinations of federally insured credit unions (FICUs). The overarching goal is to modernize, formalize, and standardize data formats collected during examinations from the core data processing and offline systems 1 used by credit unions. The purpose of this modernization effort is to: a. Achieve a more consistent examination process; b. Promote agency efficiencies and reduce burden on credit unions; c. Reduce onsite time by streamlining agency efforts to sort, organize, and format data; d. Improve data reliability and quality to enable more offsite work; e. Enhance the objectivity of examination conclusions with a more thorough and advanced portfolio analysis; and f. Support the Exam Flexibility Initiative’s 2 longer examination cycle, consistency between examiners, better communication, more efficient examination planning process, and better offsite monitoring tools. 1 Offline systems is defined as other IT systems not connected or linked to the core data processing system or third party vendors with loan, deposit, and investment data. These may include, but are not limited to, credit cards, mortgage loans, student loans, indirect loans, etc. 2 https://www.ncua.gov/About/Documents/examflexibility/exam-flexibility-initiative-report-2016oct.pdf PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 50447 This RFI is a major step in NCUA’s internal modernization efforts. After considerable research and analysis, the agency is now at a point where it can outline the scope of its planned improvements. In turn, NCUA seeks the views of the public on this initiative and is eager to gain input from interested stakeholders on a number of aspects related to the future data collection by NCUA. Specifically, this RFI explains NCUA’s objectives and seeks insights from stakeholders in identifying the interrelated considerations and challenges that could arise if NCUA adopts a new standardized data format for loan, deposit, and investment data.3 NCUA will use information furnished by stakeholders to help further define data fields to collect electronically, develop a standard data format (including field names and definitions), and comprise an implementation strategy that reduces burden without compromising the agency’s ability to safeguard the National Credit Union Share Insurance Fund (NCUSIF). Separate and apart from the normal examination data download process, FICUs with assets greater than $10B must comply with 12 CFR 702, subpart E which implements capital planning and stress testing.4 The information collected as part of this process is not the focus of this RFI as it differs significantly in timing, purpose, and content. In addition to this RFI, the agency may seek clearance from the Office of Management and Budget to conduct stakeholder calls and form workgroups to gather additional information about barriers and benefits to this modernization initiative. NCUA invites interested parties to respond generally to this modernization initiative and specifically to the questions included in this RFI. 3 A standard data format will not replace or eliminate all examiner data requests occurring during an examination. NCUA encourages responders to recommend other data sources that NCUA could standardize to improve exam efficiency. 4 Implemented in 2014, NCUA’s Office of National Examination and Supervision (ONES) collects detailed loan level data and select share data to run stress test scenarios and loan portfolio analytics for supervisory purpose. Currently, these credit unions send monthly data to NCUA on a quarterly basis using standard templates with 191 unique data fields relevant to each data type including automobile, credit cards, student, real estate, member business loans, and other consumer loans. The sample formats in this RFI include 53 similar fields to those collected by ONES. E:\FR\FM\31OCN1.SGM 31OCN1 50448 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices I. Background Examiners obtain electronic data at the beginning of every examination, during some supervision contacts, and on an ad hoc basis from credit unions. This raw data, sometimes from multiple sources and in multiple data files, provides examiners with essential information in evaluating credit and deposit risks in FICUs and is integral to risk supervision which is central to safeguarding the integrity of the NCUSIF. Before 1995, this data was in written format. In 1995, NCUA initiated the first electronic data collection 5 encouraging FICUs to provide member data to examiners through standard download routines made available by their information processing vendor or written in-house instead of paper listings and reports. In this letter, NCUA requested 12 member profile, 24 loan and 4 share fields electronically for each member record.6 In November 2000, NCUA encouraged adherence to the share and loan data record layout specifications to facilitate the import functions into NCUA’s examination software, Automated Integrated Regulatory Examination System (AIRES).7 NCUA did not increase the electronic data fields or modify the data format with this communication. NCUA last changed the loan and share download in April 2003.8 Beginning June 30, 2003, the member profile fields were consolidated and one new field was added for a total of eight fields.9 The unique loan fields increased by eight and the unique share fields increased by nine to total 39 loan and 20 share data fields in the electronic download. Although NCUA did not make electronic data collection a requirement, NCUA did identify fields as ‘‘critical’’ and ‘‘optional.’’ NCUA requested FICUs provide all critical fields for successful import and use in the examination process. The letter identifies 15 critical fields in the share file and 25 critical fields in the loan file. In 2009, NCUA informed federal credit unions (FCUs) of the membership data collection and information extracted from the electronic loan and share download gathered during examinations.10 NCUA did not increase the electronic data fields or modify the data format with this communication. II. Reason for Modernization Initiative The credit union industry is dynamic, with FICUs growing larger and more complex each year. NCUA must ensure its data collection vehicles evolve with industry practices and examination/ supervision procedures so: a. All material FICU risk exposures are captured; b. data offering little insight into these exposures are no longer solicited; and c. the reporting burden on supervised institutions—particularly small or noncomplex credit unions—is minimized. Increasing industry complexity, a desire for more effective offsite supervision, and evolving technologies necessitated a review of the current process in favor of opportunities to improve efficiencies and reduce the examination burden on credit unions. Table 1 illustrates the evolution of the FICU industry since NCUA last changed the electronic data collection in April 2003. Although the number of institutions has declined, FICUs continue to grow in assets, loans, shares, membership, and complexity. TABLE 1—FICU TRENDS SINCE THE LAST CHANGE IN ELECTRONIC DATA COLLECTION 12/31/2003 FICUs ......................................................................................................................... Total Assets ............................................................................................................... Total Loans ................................................................................................................ Consumer Loans 11 ............................................................................................. Credit Card Loans .............................................................................................. Indirect Loans ..................................................................................................... Participation Loans ............................................................................................. Real Estate Loans 13 .......................................................................................... Commercial/MBL ................................................................................................ Student Loans 14 ................................................................................................. Total Shares .............................................................................................................. Average Assets .......................................................................................................... Median Assets ........................................................................................................... # Loans ...................................................................................................................... # Shares Accounts .................................................................................................... 3/31/2017 9,369 $610.16B $376.11B $187.53B $21.84B 12 Not collected $4.5B $168.26B $9.32B Not collected $528.34B $65.10M $10.55M 40.92M 142.34M 5,737 $1.34T $884.58B $390.07B $51.59B $172.56B $29.97B $438.93B $68.89B $3.99B $1.13T $233.0M $29.97M 61.01M 204.44M Change (%) (63.33) 119.62 135.20 108.00 136.21 Not available 566.00 160.86 639.16 Not available 113.88 257.91 184.08 49.10 43.63 asabaliauskas on DSKBBXCHB2PROD with NOTICES Today, examiners frequently request additional reports and data electronically during examinations above and beyond the loan and share download including, but not limited to: Investment data, credit cards, indirect loans, participation loans, and commercial/member business loans. These requests are compelled by increased complexity, more services, and extensive loan products offered to credit union members. These requests may be made before an examination begins or throughout the process. As NCUA has not defined a standard data 5 NCUA Letter to Credit Unions Number 179, (September 1995). 6 The download file for both loans and shares include the 12 member profile fields. 7 NCUA Letter to Credit Unions 00–CU–09 (November 2000). 8 NCUA Letter to Credit Unions 03–CU–05 (April 2003). 9 NCUA combined the member name, first name, last name, and middle initial into one field. Additionally, the zip code fields were consolidated and social security number was added to the share download resulting in the number of unique member profile fields to decline from 12 to 8. The member profile fields are currently included in each loan and each share download. 10 NCUA Letter to Federal Credit Unions 09– FCU–03 (January 2009). 11 Includes unsecured loans, lines of credit, vehicle loans, short-term, small dollar amount loans, and leases receivable. This number may include some overlap with indirect, participation, and commercial/MBLs based on categories of reporting on the 5300 Call Report. 12 The December 31, 2003 5300 Call Report only collected Indirect Loans Granted Year-To-Date. NCUA first started collecting total outstanding indirect loans with the March 31, 2014 Call Report. Credit unions reported a total of $97.35B indirect loans as of March 31, 2014. Since that initial reporting, indirect loans have increased 77.3%. 13 Total real estate loans includes commercial/ MBLs secured by real estate. 14 Non-federally guaranteed student loans as reported on the 5300 Call Report. NCUA first started collecting this information with the March 31, 2014 Call Report. Credit unions reported a total of $2.84B non-federally guaranteed student loans as of March 31, 2014. Since that initial reporting, these loans have increased 40.49%. VerDate Sep<11>2014 17:37 Oct 30, 2017 Jkt 244001 PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices asabaliauskas on DSKBBXCHB2PROD with NOTICES structure and fields for different loan types,15 the characteristics of data presented in these files often differs from credit union to credit union and vendor to vendor. The unique formats can result in credit union resources to produce and explain their individual reports to examiners. This also creates examination inefficiencies for credit unions and examiners as the reports may not contain all information requested by the examiner and additional information requests may be made. Further, data limitations and inconsistency results in disparate evaluations of risk at different credit unions and across all FICUs. As part of the broader enterprise modernization effort, NCUA desires to improve loan and deposit portfolio analytics used during FICU examinations to provide for more consistent analysis of risk within and across institutions to mitigate losses to the NCUSIF. Data standardization is paramount to effectively use more robust analytic tools and will also benefit credit unions outside of the examination context, as credit unions have been known to use the download when two credit unions are merging to transfer records. It has also been used with some third party vendors for analytics, reporting, and data processing conversions. NCUA acknowledges there are challenges with a standard data format. Credit unions use dozens of data processing systems and third party vendors for originating, recording, and monitoring loans, deposits, and investments. Additionally, there are many variations and platforms, including credit union developed information technology systems, with varying data content and formats. Responses to the questions in this RFI will inform NCUA of the extent to which FICUs can provide data electronically in a standard format and identify data fields available for electronic collection. Additionally, NCUA welcomes suggested implementation strategies that reduce burden without compromising the agency’s ability to safeguard the NCUSIF. III. Information Security NCUA exercises great care in protecting sensitive and personally 15 Most credit unions must obtain reports from other systems and third party vendors for real estate, commercial/member business loans, student loans, credit cards, participation, and indirect loans. Examiners primarily receive consumer and real estate loan information in the current loan and share download limited to the data fields defined in NCUA Letter to Credit Unions 03–CU–05. VerDate Sep<11>2014 17:37 Oct 30, 2017 Jkt 244001 identifiable information. As a federal agency, NCUA must comply with mandatory security standards for federal information and information systems 16 and must meet these minimum information security requirements by using security and privacy controls recommended by the National Institute of Standards and Technology (NIST).17 In addition to NIST standards and guidelines, NCUA is subject to federal statutes such as the Federal Information Security Modernization Act (FISMA) of 2014, the E-Government Act of 2002, the Privacy Act of 1974 and various OMB policies and guidance concerning federal information management, FISMA reporting, and privacy. NCUA uses administrative, technical, and physical controls, including but not limited to: Periodic review and authorization of information systems; proactive threat assessment and continuous monitoring; and annual general and role-based security training for employees and contractors. We also leverage independent tests and evaluations from other government agencies and third-party assessors. The Office of the Inspector General (OIG) conducts independent audits, investigations and other activities to verify NCUA’s compliance with applicable standards, laws and regulations related to privacy and information security and keeps the NCUA Board and U.S. Congress fully and currently informed of their work. The OIG conducts a FISMA and Federal Managers’ Financial Integrity Act (FMFIA) audit annually to ensure NCUA has effectively implemented all appropriate security and privacy controls.18 Request for Comment: NCUA is providing questions about major aspects of this electronic data modernization to target issues the public would like addressed by the effort. The questions are not intended to limit discussion. Indeed, responders may explore an issue relevant to this initiative. Responses containing references to studies, research, or data not widely available to the public should include copies of referenced materials. A 16 FIPS Publication 199, Standards for Security Categorization of Federal Information and Information Systems; FIPS Publication 200, Minimum Security Requirements for Federal Information and Information Systems. 17 NIST Special Publication 800–53 (Rev. 4), Security and Privacy Controls for Federal Information Systems and Organizations. 18 The results of these audits are reported both internally and externally to ensure completion of all remedial findings. Credit Unions and their members can review OIG Audit Reports, Semiannual Reports and Letter to Congress at https://www.ncua.gov/ About/Pages/inspector-general/reports.aspx. PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 50449 description of the commenter’s organization and its interest in the electronic data will help NCUA use the input provided. a. Electronic Data Collection Modernization Questions 1. To the extent an FICU offers the loan and deposit services and has the investment instruments identified in the section b, are there any example data fields listed in this RFI that cannot be reasonably provided electronically? What other data fields could be provided that NCUA should consider collecting electronically? 2. For electronic data, what file formats (e.g., Microsoft Excel, CSV, etc.) are available? 3. If a FICU cannot provide data electronically, to what extent is the limitation due to the IT systems (e.g., the field is not available in the IT system to be captured electronically)? To what extent is the limitation because a credit union is not electronically collecting the data now (e.g., loan underwriting information captured in the loan file, such as a calculated debt to income ratio, but is not stored in an IT system that can capture that data)? 4. What is the number of vendors, systems, or service providers the FICU uses for loans (all types), deposits, and investments you currently can or would extract data for examination purposes? Specifically, how many are used for each category (e.g., loans, deposits, and investments)? 5. To what extent does the FICU rely on a third party vendor to create and produce raw data downloads? Does the vendor provide the credit union with the flexibility to self-customize reporting for data attributes? 6. What are the technological challenges NCUA should consider with a standardized data format (e.g., specific file names, format, etc.)? 7. What additional initial and annual costs would you estimate a FICU could incur to generate and provide data electronically in a standard format (e.g., pass through costs from vendors, inhouse development resources, etc.)? 8. Does the credit union or vendor have the ability to retain and create the current loan and share download data format (with no changes) as well as new download data formats? 19 9. Should NCUA eliminate the ‘‘critical’’ and ‘‘optional’’ data 19 NCUA is modernizing our examination platform and analytics. The new data format will be used with these technological advancements. Until the current systems that use the existing download are retired, examiners will need the current download file as existing tools may not be able to accommodate a new download data format. E:\FR\FM\31OCN1.SGM 31OCN1 50450 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices categorizations discussed in NCUA Letter to Credit Unions 03–CU–05? If yes, what approaches would you propose NCUA use to collect standardized data for better analytics and examination efficiencies? 10. With the exception of the example data formats based on data type discussed in this RFI, what alternatives would you propose for NCUA to collect data in a standardized format that minimizes the credit union burden? 11. What implementation strategies and timeline should NCUA consider with this modernization? For example, what is the anticipated timeframe for a FICU or vendor to provide the sample data fields and the associated format? How should NCUA ensure FICUs use the standard data format? 12. What specific information security controls or assurances are expected from NCUA to reasonably safeguard the electronic loan, share, and investment data? Commenters are also encouraged to discuss any other relevant issues they believe NCUA should consider with respect to the electronic collection of loan, deposit, and investment data. b. Sample Loan, Deposit, and Investment Electronic Data Collection NCUA is requesting input and feedback on sample data fields and the associated format.20 The information in tables 2–9 is preliminary and is presented for discussion and input purposes only. For sample purposes only, NCUA is presenting one data format for all deposit types, one for investment data,21 and different data formats for loans based on the loan type.22 To the extent the FICU offers these loan and deposit services and has these investment instruments, NCUA is asking stakeholders to identify if FICUs can provide these and other data fields electronically in their response to the RFI. Similar to the download process today, credit unions would be permitted to submit multiple data files electronically for loans, deposits, and investments. TABLE 2—DEPOSIT ELECTRONIC FIELDS Current NCUA standard field 23 Applies to Field Description Example Data format D1 ............ All Share Accounts 03312017 .............. Date ....... No. All Share Accounts Effective date of the download. Record Code ........ Effective date of the data .................... D2 ............ D/L/I ....... Yes .* All Share Accounts Taxpayer ID .......... 123456789 ............ Number .. Yes .* D4 ............ All Share Accounts Member ID ............ ABC123456 .......... Text ........ Yes .* D5 ............ All Share Accounts Member Name ...... Long Sr., John, S Text ........ Yes .* D6 ............ D7 ............ D8 ............ All Share Accounts All Share Accounts All Share Accounts Address Line 1 ..... Address Line 2 ..... City ....................... 7247 Circle Sun .... P.O. Box 858 ........ Fairfax ................... Text ........ Text ........ Text ........ Yes .* Yes Yes .* D9 ............ All Share Accounts State ..................... NM ........................ Text ........ Yes .* D10 .......... All Share Accounts Zip Code ............... 80521 .................... Number .. Yes .* D11 .......... All Share Accounts Insiders and Employees. Indicate D for Deposits, L for Loans, I for Investment. Nine digit code used by the U.S. Government (TIN). For individuals use Social Security number. Primary key identifier for the entity. This is the number used to uniquely identify the member/non-member such as an account number. Full legal name. Format: Last Name, Suffix (if applicable), First Name, Middle Initial for individuals. For business provide full legal name. Street address ..................................... Address line 2 ..................................... City where borrower resides. For business account, provide the city of the main or head office. Post office state code where borrower resides. For business accounts, provide the state of the main or head office. Zip code where borrower resides. For business accounts, provide the zip code of the main or head office. If data supports, report ‘‘D’’ for directors, supervisory committee, and credit committee members, ‘‘O’’ for executive officers, and ‘‘E’’ for employees who are not executive officers. If the CEO is also the Board Treasurer, report as an executive officer—‘‘O’’. If the credit union or vendor data does not support this scheme, simply identify insider status with Y/N. D ........................... D3 ............ asabaliauskas on DSKBBXCHB2PROD with NOTICES Number E ........................... Text ........ Yes. 20 These data formats include 9 member profile, 18 deposit, 120 loan, and 12 investment unique data files. They include all data fields listed in Letter to Credit Unions 03–CU–05, except three data fields that would be overlapping with new data fields—Date of Last Activity, Last Activity Code, and Credit Limit at origination. VerDate Sep<11>2014 17:37 Oct 30, 2017 Jkt 244001 21 As of March 31, 2017, FICUs reported the following investments: Securities: 40.9% of all FICUs; Non-negotiable CDs: 83.7%. 22 Loan types include consumer, indirect, participations, residential real estate, student loans, and commercial/member business loans. As of March 31, 2017, FICUs reported the following loan services: Consumer: 100% of FICUs; Indirect: PO 00000 Frm 00080 Fmt 4703 Sfmt 4703 33.1%; Participation: 27.2%; Real estate: 75.6%; Non-guaranteed federal student Loans: 12.1%; Commercial/MBL: 37.9%. 23 Identifies fields requested in NCUA Letter to Credit Unions 03–CU–05 (April 2003). Fields identified with an asterisk (*) are categorized as ‘‘critical’’ fields by NCUA in Letter to Credit Unions 03–CU–05. E:\FR\FM\31OCN1.SGM 31OCN1 50451 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices TABLE 2—DEPOSIT ELECTRONIC FIELDS—Continued Current NCUA standard field 23 Number Applies to Field Description Example Data format D12 .......... All Share Accounts Non-member ......... Y ........................... Y/N ......... No. D13 .......... All Share Accounts Share Balance ...... 156.45 ................... Number .. Yes .* D14 .......... All Share Accounts Share Type Code R ........................... Text ........ Yes .* D15 .......... All Share Accounts Dividend Rate ....... 2 ............................ Number .. Yes .* D16 .......... All Share Accounts 03312017 .............. Date ....... Yes .* D17 .......... All Share Accounts 5000.00 ................. Number .. Yes .* D18 .......... All Share Accounts Date of Last Activity. Share Amount Frozen. Last Activity Code Indicator to identify non-member share accounts. Current balance of the share account, signed with two decimal places. System code to identify certificates, regular, draft, IRA, money market and other share deposit accounts. Current dividend rate for each share account. Date of last deposit or withdrawal ....... FM ........................ Text ........ Yes. D19 .......... All Share Accounts 25.36 ..................... Number .. Yes. D20 .......... All Share Accounts 03312017 .............. Date ....... Yes. D21 .......... All Share Accounts AH ......................... Text ........ Yes. D22 .......... All Share Accounts Date ....... No. All Share Accounts Long Sr., John, S Text ........ No. D24 .......... All Share Accounts Membership Type Business ............... Text ........ No. D25 .......... All Share Accounts 03312017 .............. Date ....... No. D26 .......... Share Certificate Accounts. Last Statement Date. Step/Bump Dividend Rate. Y ........................... Y/N ......... No. D27 .......... Share Certificate Accounts. Share Certificate Accounts. Business Accounts The date the share account first went negative without cure. Provide the name of the joint owner’s full legal name. Format: Last Name, Suffix (if applicable), First Name, Middle Initial for individuals. For businesses, provide full legal name. Provide the membership type using the following identifiers: Single ownership, Joint ownership, Trustee, or Business. Date the member statement was last generated. Indicator if the share certificate product has a term that allows the member to ‘‘step-up’’ or ‘‘bump-up’’ the dividend rate. Date member opened the share certificate account. Date the share certificate will mature 03312017 .............. D23 .......... Last File Maintenance User ID or Initials. Date Negative Shares. Joint Owner .......... Last date of any non-financial modification to the account (e.g., dividend rate, member address, etc.). Approving official or employee’s transaction code or initials. 03312017 .............. Date ....... Yes .* 03312017 .............. Date ....... Yes .* Long Sr., John, S Text ........ No. D28 .......... D29 .......... Accrued Dividend Interest. Last File Maintenance Date. Certificate Date Granted. Certificate Maturity Date. Name of Beneficiaries. Dollar amount of the account the member cannot access. Identifies the type of account activity that occurred last by code. Dollar amount of accrued dividends ... Full legal name of individuals who are beneficiaries on business accounts. Format: Last Name, Suffix (if applicable), First Name, Middle Initial. TABLE 3—SECURITY AND NON-NEGOTIABLE CD INVESTMENT ELECTRONIC FIELDS 24 Current NCUA standard field asabaliauskas on DSKBBXCHB2PROD with NOTICES Number Field Description Example Data format I1 ................ I2 ................ Download Cut-off date Record Code ................ 03312017 ...................... L .................................... Date ....... D/L/I ....... No. No. I3 ................ CUSIP Number ............. Effective date of the data .................................... Report D for Deposits, L for Loans, I for Investment. Committee on Uniform Securities Identification Procedures number. Security identifier. 23345abcd .................... Text ........ No. 24 NCUA has not previously published a standard structure for investment data. This will facilitate robust analytics with a dynamic, quantitative third- VerDate Sep<11>2014 17:37 Oct 30, 2017 Jkt 244001 party service platform for interest rate risk assessment of individual securities and portfolios without requiring the examiner to reformat data PO 00000 Frm 00081 Fmt 4703 Sfmt 4703 files or request additional data from the credit union. E:\FR\FM\31OCN1.SGM 31OCN1 50452 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices TABLE 3—SECURITY AND NON-NEGOTIABLE CD INVESTMENT ELECTRONIC FIELDS 24—Continued Number Field Description Example Data format I4 ................ I5 ................ I6 ................ I7 ................ I8 ................ I9 ................ I10 .............. I11 .............. I12 .............. Original Face Value ...... Current Face Value ...... Book Value ................... Fair Value ..................... Maturity Date ................ Coupon/Rate ................ Floating Rate ................ Issuer ............................ Settlement Date ............ Original face value of the investment .................. Current face value of the investment .................. Current book value of the investment ................. Current fair value of the investments .................. Maturity date of investment ................................. Stated coupon or rate of investment ................... Indicator if the investment has floating rate ........ Name of issuer of the investment ....................... Date funds are exchanged .................................. 100,000 ......................... 100,000 ......................... 102,000 ......................... 102,000 ......................... 12312017 ...................... 5 .................................... Y ................................... Wells Fargo Bank ......... 10312015 ...................... Number .. Number .. Number .. Number .. Date ....... Number .. Y/N ......... Text ........ Date ....... Current NCUA standard field No. No. No. No. No. No. No. No. No. TABLE 4—CONSUMER AND CREDIT CARD LOAN ELECTRONIC FIELDS Field Description Example Data format Current NCUA standard field 25 C1 ............ Effective date of the download. Record Code .......... Effective date of the data ........................ 03312017 ................ Date ....... No ................ No. C2 ............ D/L/I ....... Yes* ............ No. Taxpayer ID ............ 123456789 .............. Number .. Yes* ............ Yes. C4 ............ Borrower ID ............ ABC123456 ............ Text ........ Yes* ............ Yes. C5 ............ Member Name ........ Long Sr., John, S ... Text ........ Yes* ............ Yes. C6 ............ C7 ............ C8 ............ Address Line 1 ....... Address Line 2 ....... City .......................... 7247 Circle Sun ...... PO Box 858 ............ Fairfax ..................... Text ........ Text ........ Text ........ Yes* ............. Yes .............. Yes* ............ Yes. Yes. Yes. C9 ............ State ....................... NM .......................... Text ........ Yes* ............. Yes. C10 .......... Zip Code ................. 80521 ...................... Number .. Yes* ............ Yes. C11 .......... Insiders and Employees. E ............................. Text ........ Yes .............. Yes. C12 .......... Business Type ........ 54194 ...................... Text ........ No ................ Yes. C13 .......... C14 .......... Branch ID ................ Loan ID ................... Indicate D for Deposits, L for Loans, I for Investment. Nine digit code used by the US Government (TIN). For individuals use social security number. Primary key identifier for the entity. This is the number used to uniquely identify the member/non-member such as an account number. Full legal name. Format: Last Name, Suffix (if applicable), First Name, Middle Initial for individuals. For business provide full legal name. Street address ......................................... Address line 2 .......................................... City where borrower resides. For business accounts, provide the city of the main or head office. Post office state code where borrower resides. For business accounts, provide the state of the main or head office. Zip code where borrower resides. For business accounts, provide the zip code of the main or head office. If data supports, report ‘‘D’’ for directors, supervisory committee, and credit committee members, ‘‘O’’ for executive officers, and ‘‘E’’ for employees who are not executive officers. If the CEO is also the Board Treasurer, report as an executive officer—‘‘O’’. If the credit union or vendor data does not support this scheme, simply identify insider status with Y/N. Provide the member’s North American Industry Classification System (NAICS) code where majority of their revenue is generated from. Identifies the originating service facility ... Unique identifier for each loan ................ L .............................. C3 ............ asabaliauskas on DSKBBXCHB2PROD with NOTICES Number 01C ......................... A ............................. Text ........ Text ........ Yes .............. No ............... Yes. Yes. 25 Identifies fields requested in NCUA Letter to Credit Unions 03–CU–05 (April 2003). Fields identified with an asterisk (*) are categorized as ‘‘critical’’ fields by NCUA in Letter to Credit Unions 03–CU–05. VerDate Sep<11>2014 17:37 Oct 30, 2017 Jkt 244001 26 NCUA reviewed the Interagency Loan Data Request (ILDR) issued in March 2013. The ILDR provides a standard format for banks to electronically provide loan data. In comparison to the 82 data fields in the ILDR, the sample loan PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 ILDR Field 26 formats include 61 similar loan fields. https:// www.fdic.gov/news/news/financial/2013/fil 13012.html. E:\FR\FM\31OCN1.SGM 31OCN1 50453 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices TABLE 4—CONSUMER AND CREDIT CARD LOAN ELECTRONIC FIELDS—Continued Number Field Description Example Data format Current NCUA standard field 25 C15 .......... Loan Category ........ Commercial ............. Text ........ No ................ No. C16 .......... Loan Type ............... Capital LOC ............ Text ........ Yes* ............. Yes. C17 .......... Purpose Code ......... Auto purchase ........ Text ........ Yes* ............. Yes. C18 .......... Origination Date ...... 03312017 ................ Date ....... Yes* ............. Yes. C19 .......... 1500.45 ................... Number .. Yes* ............ Yes. C20 .......... C21 .......... Original Loan Amount. Payment Amount .... Loan Term .............. The type of loan. Provide ‘‘Commercial/ MBL’’, ‘‘Residential Real Estate’’, or ‘‘Consumer’’. The type of loan product as defined by the vendor or credit union (e.g. New or Used Auto, Credit Card Fixed, Credit Card Variable, etc.). Description of what the proceeds will be used for; Reason for loan. The note date; date the loan was originated. Do not report the date of last advance. The original principal amount of the loan 780.25 ..................... 60 ............................ Number .. Number .. Yes* ............ Yes* ............ Yes. Yes. C22 .......... Payment Frequency M ............................. Text ........ Yes* ............. Yes. C23 .......... C24 .......... Balloon Flag ............ Balloon Term .......... Y ............................. 84 ............................ Y/N ......... Number .. No ................ No ................ No. No. C25 .......... Interest Only Flag ... Y ............................. Y/N ......... No ................ No. C26 .......... Interest Only Term .. 12 ............................ Number .. No ................ No. C27 .......... C28 .......... First Payment Date Maturity Date .......... 03312017 ................ 03312017 ................ Date ....... Date ....... No ................ No ................ No. Yes. C29 .......... Interest Rate ........... 5.000 ....................... Number .. Yes* ............. Yes. C30 .......... Loan Type ............... Capital LOC ............ Text ........ Yes .............. Yes. C31 .......... 5 .............................. Number .. No ................ Yes. 03312017 ................ Date ....... No ............... No. 03312017 ................ Date ....... No ................ No. 18.000 ..................... Number .. No ................ Yes. C35 .......... Current Interest Rate. First Rate Adjustment Date. Next Rate Adjustment Date. Lifetime Interest Rate Cap. Interest Rate Floor .. 4.000 ....................... Number .. No ................ No. C36 .......... Variable Rate Index Prime ...................... Text ........ No ................ Yes. C37 .......... Variable Rate Margin. Current Credit Limit 2 .............................. Number .. No ................ No. 2500.00 ................... Number .. No ............... No. 03312017 ................ 825 .......................... Date ....... Number .. No ................ Yes* ............ No. Yes. 03312017 ................ Date ....... No ................ No. C32 .......... C33 .......... C34 .......... asabaliauskas on DSKBBXCHB2PROD with NOTICES C38 .......... C39 .......... C40 .......... Date Closed ............ Credit Score at Origination. C41 .......... Original Credit Score Date. VerDate Sep<11>2014 17:37 Oct 30, 2017 Amount of regularly scheduled payment The contractual number of payments required by the note or modification of the note. The interval of time payments are contractually required (monthly, quarterly, annually, balloon/maturity, etc.). Indicator the loan is a balloon loan ......... Number of months from origination until balloon date. Indicator the borrower pays only the interest on the principal balance for a set period of time, with the principal balance unchanged. The length of time (in months) during which the borrower pays only interest on the principal balance. Date the first payment was/is due ........... Date when full payment on the loan is contractually due. For balloon loans, this should be the same as the balloon expiration date. The contractual rate of interest currently applied to this loan at origination. The type of loan product as defined by the vendor or credit union (e.g. New or Used Auto, Credit Card Fixed, Credit Card Variable, etc.). The contractual rate of interest currently applied to this loan. Initial date the interest rate will/did adjust on variable rate loans. Future date interest rate will adjust on variable rate loans. The maximum rate the loan can reach over its contractual term. The minimum rate the loan can reach over its contractual term. Interest rate base index used when the loan’s rate varies with an index. The margin added or subtracted from the index to get the rate. The maximum a borrower can currently incur. Date a line of credit was closed .............. Credit score of the primary borrower (e.g. FICO or Beacon) obtained from a credit bureau that was used in the underwriting of the credit. If two bureau scores were used, provide the highest score. If the credit union obtains all three bureau scores, provide the middle score. Date of the primary borrower’s credit score at origination. Jkt 244001 PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 ILDR Field 26 50454 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices TABLE 4—CONSUMER AND CREDIT CARD LOAN ELECTRONIC FIELDS—Continued Number Field Description Example Data format Current NCUA standard field 25 C42 .......... Current Credit Score 745 .......................... Number .. No ................ No. C43 .......... Current Credit Score Date. Guarantor ................ Most recent primary borrower credit score obtained by the credit union. Most recent date of updated credit score for the primary borrower. Name of entity/person that guarantees the loan. With multiple guarantors, give the primary one. The name of the co-maker/co-borrower whose signature(s) appears on the promissory note or loan agreement. Provide the first one when there are multiple co-makers/co-borrowers. Credit score of the co-maker/co-borrower at the time of origination. 03312017 ................ Date ....... No ............... No. Long Sr., John, S ... Text ........ No ................ Yes. Long Sr., John, S ... Text ........ No ................ Yes. 680 .......................... Number .. No ................ No. Most recent date of updated credit score of the co-borrower/co-maker. 03312017 ................ Date ....... No ................ No. Credit score of the co-borrower/co-maker (e.g. FICO or Beacon) obtained from a credit bureau that was used in the underwriting of the credit. If two bureau scores were used, provide the highest score. If the credit union obtains all three bureau scores, provide the middle score. Code or loan officer name responsible underwriting and/or borrower relationship. Code or name of approving official. Indicate if approved by the Credit Committee or Board of Directors. Credit union internal risk rating at origination. The credit union’s internal loan risk grade (e.g., A, B, C, or D paper). Indicator loan has coverage for when insurance coverage lapses. Indicator the member purchased gap insurance on the collateral. Indicator loan has a life insurance policy designed to pay off the borrower’s debt if they die. Indicator loan has disability insurance designed to pay the borrower’s debt if they become disabled. The narrative description of the collateral (e.g., year, make and model; 38 unit apartment building, etc.). The system code associated with the collateral type (e.g., residential real estate, etc.). Total value of collateral at loan origination. Date collateral was appraised or valued at loan origination. 800 .......................... ................ No ................ No. BB ........................... Text ........ No ................ Yes. AG ........................... Text ........ Yes .............. No. A ............................. Text ........ Yes .............. Yes. Y ............................. Y/N ......... No ................ No. Y ............................. Y/N ......... No ................ No. Y ............................. Y/N ......... No ................ No. N ............................. Y/N ......... No ................ No. 1996 Ford Mustang Text ........ No ................ Yes. Residential real estate. Text ........ Yes* ............ Yes. 50000.00 ................. Number .. No ................ Yes. 20170313 ................ Date ....... No ............... Yes. Dollar value of collateral when last assessed by the credit union. Date collateral was last appraised or valued. 45150.65 ................. Number .. No ................ No. 03312017 ................ Date ....... No ................ Yes. The credit union’s lien position on the collateral (e.g., 1st, 2nd, 3rd, etc.). If more than one collateral, identify the primary collateral’s lien position. Vehicle Identification Number/unique identifier for collateral. 1 .............................. Number .. No ................ Yes. 1GTV2TEH8EZ173 011. Text ........ No ................ No. C44 .......... C45 .......... Co-Maker/Co-Borrower/Guarantor. C46 .......... Co-Maker/Co-Borrower Credit Score at Origination. Current Credit Score Date of Co-Borrower. Original Credit Score Date of CoBorrower. C47 .......... C48 .......... C49 .......... Loan Officer ............ C50 .......... Loan Approver ........ C51 .......... Loan Risk Grade .... C52 .......... C53 .......... Collateral Protection Insurance. GAP Indicator ......... C54 .......... Credit Life ............... C55 .......... Credit Disability ....... C56 .......... Loan Collateral ....... C57 .......... Collateral Code ....... C58 .......... C62 .......... Origination Collateral Value. Collateral Valuation/ Appraisal Date (Origination). Current Collateral Value. Most Recent Collateral Value/Appraisal Date. Lien Position ........... C63 .......... VIN Number ............ C59 .......... asabaliauskas on DSKBBXCHB2PROD with NOTICES C60 .......... C61 .......... VerDate Sep<11>2014 17:37 Oct 30, 2017 Jkt 244001 PO 00000 Frm 00084 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 ILDR Field 26 50455 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices TABLE 4—CONSUMER AND CREDIT CARD LOAN ELECTRONIC FIELDS—Continued Number Description C64 .......... Current Loan Balance. C65 .......... Date of Last Payment. Number of Remaining Payments. Next Payment Due Date. C66 .......... C67 .......... C68 .......... Accrued Interest ..... C69 .......... C70 .......... Late Charges .......... Debt to Income Ratio. C71 .......... Days Past Due ....... C72 .......... Delinquency Counter 30–59 Days. Delinquency Counter 60–89 Days. Delinquency Counter 90–119 Days. Delinquency Counter 120 Days +. Last Renewal Date Loan Modification ... C73 .......... C74 .......... C75 .......... C76 .......... C77 .......... C78 .......... C79 .......... C80 .......... C81 .......... Date of Loan Modification. Capitalized Interest Amount. Amount of last advance. Interest rate reset interval. C83 .......... Troubled Debt Restructure. Nonaccrual .............. C84 .......... asabaliauskas on DSKBBXCHB2PROD with NOTICES C82 .......... Charge-Off Flag ...... C85 .......... C86 .......... C87 .......... Charge Off Amount Charge Off Date ..... Last File Maintenance Date. Last File Maintenance User ID or Initials. Last File Maintenance action Code. C88 .......... C89 .......... VerDate Sep<11>2014 Example Data format Current NCUA standard field 25 Current outstanding principal balance of the loan. If the member has overpaid the note and the credit union is carrying a credit balance, provide the number as a negative balance with a minus sign as the first character (e.g., ¥33.56). Date the last payment was made ............ 84500.01 ................. Number .. Yes* ............ Yes. 03312017 ................ Date ....... No ................ Yes. 24 ............................ Number .. Yes* ............ No. 03312017 ................ Date ....... Yes* ............ Yes. 180.32 ..................... Number .. Yes* ............ Yes. 95.06 ....................... 35.670 ..................... Number .. Number .. No ................ No ................ Yes. No. 75 ............................ Number .. Yes* ............ Yes. 2 .............................. Number .. Yes .............. Yes. Number of times past due 60–89 days since origination date. 4 .............................. Number .. Yes .............. Yes. Number of times past due 90–119 days or more since the origination date. 0 .............................. Number .. Yes .............. Yes. Number of times past due 120+ days or more since the origination date. 1 .............................. Number .. Yes .............. Yes. The date the loan was last renewed ....... Indicator if the loan has been modified. A loan modification permanently restructures the terms of an existing loan. A loan modification is not a new loan, but a renegotiation of an existing loan. Date of last loan modification .................. 03312017 ................ Y ............................. Date ....... Y/N ......... No ................ No ................ Yes. No. 20170313 ................ Date ....... No ................ Yes. 259.63 ..................... Number .. No ................ Yes. 55000.00 ................. Number .. No ............... No. 30 ............................ Number .. No ................ Yes. Y ............................. Y/N ......... No ................ Yes. N ............................. Y/N ......... No ................ Yes. Y ............................. Y/N ......... No ............... No. 5000.00 ................... 03312017 ................ 03312017 ................ Number .. Date ....... Date ....... Yes .............. No ................ Yes .............. Yes. No. No. JB100 ...................... Text ........ Yes .............. No. DD ........................... Text ........ No ................ No. Field 17:37 Oct 30, 2017 The remaining contractual number of payments required by the loan. The date the next payment, principal or interest, is due. For delinquent loans, this will be in the past. Total amount of interest accrued and not yet received on a loan. Late charges currently due and unpaid ... Debt payments divided by gross or net income calculated at time of loan origination. Number of days the note is past due beyond the due date as of the effective date of the download. If loan is current or paid ahead, report as zero. Number of times past due 30–59 days since origination date. Amount of interest added to the loan principal balance. Dollar amount of the last advance .......... Time between periodic reset dates for variable or adjustable rate loans expressed in days.. Indicates if a loan is currently a troubled debt restructure as defined by GAAP. Indicate if the loan is currently on nonaccrual. Indicator if entire loan has been charged off. Amount of principal charged off this loan Date the loan was charged off ................ Date of last file maintenance change on this loan. User ID of person who made last file maintenance change. Description of what was last changed on the member loan (e.g., due date, name, loan status, etc.). Jkt 244001 PO 00000 Frm 00085 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 ILDR Field 26 50456 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices TABLE 4—CONSUMER AND CREDIT CARD LOAN ELECTRONIC FIELDS—Continued Number C90 .......... Description Example Data format Current NCUA standard field 25 Interest rate variance from the index rate changed on the note. Express in terms of a percentage. For example, the premium of a note written at Prime +2.25% would be expressed as 2.25. 2.25 ......................... Number .. No ................ Field Interest Rate Spread. ILDR Field 26 Yes. TABLE 5—INDIRECT LOAN ELECTRONIC DATA FIELDS Number Field Description Data format Example Current NCUA field ILDR field Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following: ID1 ........... Dealer Code ........... ID2 ........... Indirect Loan Flag ... ID3 ........... Dealer Reserve Balance. Name of sales agent for indirect auto loans. Indicator if the loan was originated through an indirect loan program. Current dealer reserve against the note Hanks Auto Sales ... Text ........ No ................ Yes. Y ............................. Y/N ......... No ............... No. 3,000 ....................... Number .. No ................ Yes. TABLE 6—PARTICIPATION LOAN ELECTRONIC DATA FIELDS Number Field Description Data format Example Current NCUA field ILDR field Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following: P1 ............ P2 ............ P3 ............ P4 ............ P5 ............ P6 ............ P7 ............ Participation Sold (Original Amount). Participation Sold (Current Balance). Participation Purchases (Original Amount). Participation Purchases (Current Balance). Purchase percentage. Originating/Lead Lender. Sold Percentage ..... The original amount of this note that was sold. The current balance of the amount sold 9,000,000 ................ Number .. No ................ Yes. 8,750,000 ................ Number .. No ................ Yes. The original amount of this note that was purchased. 9,000,000 ................ Number .. No ................ No. The current balance of the amount purchased. 8,750,000 ................ Number .. No ................ No. Shows the percentage of the total participation loan owned by the credit union for individual loan purchases. Shows the name of the originating/lead lender in the participation. Identify the percentage of total participation loan the credit union sold. 20.000 ..................... Number .. No ............... No. ABC FCU ................ Text ........ No ............... No. 90.999 ..................... Number .. No ................ No. TABLE 7—RESIDENTIAL REAL ESTATE LOAN ELECTRONIC DATA FIELDS Number Field Description Data format Example Current NCUA field ILDR field Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following: Property Type ......... R2 ............ asabaliauskas on DSKBBXCHB2PROD with NOTICES R1 ............ Collateral State ....... R3 ............ R4 ............ Collateral City ......... Collateral County .... R5 ............ Collateral Zip Code R6 ............ Property in Flood Zone. Draw Period ............ R7 ............ VerDate Sep<11>2014 17:37 Oct 30, 2017 Indicate the property type (e.g., Single, Multi, Condominium, etc.). Post office state code where collateral property is located. City where collateral property is located County where collateral property is located. Zip code where collateral property is located. Indicator if the collateral securing the loan is in a designated flood zone. Remaining period of time (in months) a borrower can withdraw funds from a credit account. Jkt 244001 PO 00000 Frm 00086 Fmt 4703 Condo ..................... Text ........ No ................ No. AZ ........................... Text ........ No ................ No. Phoenix ................... Maricopa ................. Text ........ Text ........ No ................ No ................ No. No. 85255 ...................... Number .. No ................ No. Y ............................. Y/N ......... No ............... No. 120 .......................... Number .. No ................ No. Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 50457 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices TABLE 7—RESIDENTIAL REAL ESTATE LOAN ELECTRONIC DATA FIELDS—Continued Number Field Description Example Data format Current NCUA field R8 ............ Current Escrow Balance. 2,585 ....................... Number .. No ................ Yes. R9 ............ Number of Renewals. Amount currently in escrow for payment to third parties such as insurance and real estate taxes. In the case of a negative escrow balance, report the data in this field with a minus sign in the first character position (e.g., ¥350). Indicate the number of times the loan has been renewed. 2 .............................. Number .. No ............... Yes. ILDR field TABLE 8—COMMERCIAL/MEMBER BUSINESS LOAN ELECTRONIC DATA FIELDS Number Field Description Data format Example Current NCUA field ILDR field Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following: CL1 .......... Current Loan Risk Grade Commercial/MBL. CL2 .......... Date of Current Loan Risk Grade Commercial/MBL. Debt Service Coverage Ratio (DSCR). Personal guaranty status. CL3 .......... CL4 .......... CL5 .......... Environmental Review Level at origination. CL6 .......... CL8 .......... Environmental Review Date. Last Periodic Review. Property Type ......... CL9 .......... Collateral State ....... CL10 ........ CL11 ........ Collateral City ......... Collateral County .... CL12 ........ Collateral Zip Code CL13 ........ Property in Flood Zone. Draw Period ............ CL7 .......... CL14 ........ Current Escrow Balance. CL16 ........ asabaliauskas on DSKBBXCHB2PROD with NOTICES CL15 ........ Policy Exception ..... CL17 ........ Number of Renewals. Specific Reserve ..... CL18 ........ VerDate Sep<11>2014 17:37 Oct 30, 2017 Credit union internal risk rating at recent review/evaluation of commercial/MBL; Number or letter grade determined based on the level of risk. Date the most recent internal risk rating at recent review/evaluation of commercial/MBLs. Debt service coverage ratio calculated for the loan at origination. 1 .............................. Text ........ No ............... Yes. 03312017 ................ Date ....... No ............... Yes. 1.05 ......................... Number .. No ............... No. Identify the level of personal guaranty of the principals (e.g., full, limited, or none). Identify the level of environmental review at origination (e.g., borrower questionnaire, record search, phase 1, or phase 2). Date of environmental review at origination. Date of last periodic/annual file review ... Full .......................... Text ........ No ................ No. Phase 1 .................. Text ........ No ............... No. 03312017 ................ Date ....... No ................ No. 03312017 ................ Date ....... No ................ No. Condo ..................... Text ........ No ............... No. AZ ........................... Text ........ No ............... No. Phoenix ................... Maricopa ................. Text ........ Text ........ No ................ No ................ No. No. 85255 ...................... Number .. No ................ No. Y ............................. Y/N ......... No ................ No. 120 .......................... Number .. No ................ No. 2,585 ....................... Number .. No ................ Yes. Y ............................. Y/N ......... No ................ No. 2 .............................. Number .. No ................ Yes. 50,000 ..................... Number .. No ................ Yes. Indicate the property type (e.g., Single, Multi, Condominium, etc.). Post office state code where collateral property is located. City where collateral property is located County where collateral property is located. Zip code where collateral property is located. Indicator if the collateral securing the loan is in a designated flood zone. Remaining period of time (in months) a borrower can withdraw funds from a credit account. Amount currently in escrow for payment to third parties such as insurance and real estate taxes. In the case of a negative escrow balance, report the data in this field with a minus sign in the first character position (e.g., ¥350). Indicator if the loan is an exception to policy. Indicate the number of times the loan has been renewed. Amount of specific reserve for loan losses on this note which is not available to offset losses on any other loan. Jkt 244001 PO 00000 Frm 00087 Fmt 4703 Sfmt 4703 E:\FR\FM\31OCN1.SGM 31OCN1 50458 Federal Register / Vol. 82, No. 209 / Tuesday, October 31, 2017 / Notices TABLE 9—STUDENT LOAN ELECTRONIC DATA FIELDS Number Name Description Data format Example Current NCUA field ILDR field Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following: S1 ............ Time to Repayment S2 ............ Deferred Status ...... For deferred loans: Amount of time, in months, until repayment period begins. Indicator if student loan is in deferred status. By the National Credit Union Administration Board on October 19, 2017. Gerard Poliquin, Secretary of the Board. [FR Doc. 2017–23219 Filed 10–30–17; 8:45 am] BILLING CODE 7535–01–P NATIONAL FOUNDATION ON THE ARTS AND THE HUMANITIES Proposed Collection; Comment Request; 30-Day Notice for Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery AGENCY: National Endowment for the Arts. ACTION: Notice. As part of a Federal Government-wide effort to streamline the process to seek feedback from the public on service delivery, The National Endowment for the Arts (NEA) has submitted a Generic Information Collection Request (Generic ICR): ‘‘Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery’’ to OMB for approval under the Paperwork Reduction Act (PRA). Copies of this ICR, with applicable supporting documentation, may be obtained by visiting www.Reginfo.gov. DATES: Comments should be sent to the Office of Information and Regulatory Affairs, Attn: OMB Desk Officer for the National Endowment for the Arts, Office of Management and Budget, Room 10235, Washington, DC 20503, 202/395– 7316, within 30 days from the date of this publication in the Federal Register. SUPPLEMENTARY INFORMATION: The proposed information collection activity provides a means to garner qualitative customer and stakeholder feedback in an efficient, timely manner, in accordance with the Administration’s commitment to improving service delivery. By qualitative feedback we mean information that provides useful insights on perceptions and opinions, but are not statistical surveys that yield quantitative results that can be generalized to the population of study. asabaliauskas on DSKBBXCHB2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:37 Oct 30, 2017 Jkt 244001 65 ............................ Number .. No ................ No. Y ............................. Y/N ......... No ................ No. This feedback will provide insights into customer or stakeholder perceptions, experiences and expectations, provide an early warning of issues with service, or focus attention on areas where communication, training or changes in operations might improve delivery of products or services. These collections will allow for ongoing, collaborative and actionable communications between the Agency and its customers and stakeholders. It will also allow feedback to contribute directly to the improvement of program management. The solicitation of feedback will target areas such as: Timeliness, appropriateness, accuracy of information, courtesy, efficiency of service delivery, and resolution of issues with service delivery. Responses will be assessed to plan and inform efforts to improve or maintain the quality of service offered to the public. If this information is not collected, vital feedback from customers and stakeholders on the Agency’s services will be unavailable. The Agency will only submit a collection for approval under this generic clearance if it meets the following conditions: • The collections are voluntary; • The collections are low-burden for respondents (based on considerations of total burden hours, total number of respondents, or burden-hours per respondent) and are low-cost for both the respondents and the Federal Government; • The collections are noncontroversial and do not raise issues of concern to other Federal agencies; • Any collection is targeted to the solicitation of opinions from respondents who have experience with the program or may have experience with the program in the near future; • Personally identifiable information (PII) is collected only to the extent necessary and is not retained; • Information gathered is used only internally for general service improvement and program management purposes and is not intended for release outside of the agency; PO 00000 Frm 00088 Fmt 4703 Sfmt 4703 • Information gathered is not used for the purpose of substantially informing influential policy decisions; and • Information gathered yields qualitative information; the collections are not designed or expected to yield statistically reliable results or used as though the results are generalizable to the population of study. Feedback collected under this generic clearance provides useful information, but it does not yield data that can be generalized to the overall population. This type of generic clearance for qualitative information will not be used for quantitative information collections that are designed to yield reliably actionable results, such as monitoring trends over time or documenting program performance. Such data uses require more rigorous designs that address: The target population to which generalizations will be made, the sampling frame, the sample design (including stratification and clustering), the precision requirements or power calculations that justify the proposed sample size, the expected response rate, methods for assessing potential nonresponse bias, the protocols for data collection, and any testing procedures that were or will be undertaken prior to fielding the study. Depending on the degree of influence the results are likely to have, such collections may still be eligible for submission for other generic mechanisms that are designed to yield quantitative results. As a general matter, information collections will not result in any new system of records containing privacy information and will not ask questions of a sensitive nature, such as sexual behavior and attitudes, religious beliefs, and other matters that are commonly considered private. Title of Collection: Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery. OMB Control Number: 3135–0130. Type of Review: Extension of approval for a collection of information. Affected Public: Individuals and Households, Businesses and Organizations, State, Local or Tribal Government. E:\FR\FM\31OCN1.SGM 31OCN1

Agencies

[Federal Register Volume 82, Number 209 (Tuesday, October 31, 2017)]
[Notices]
[Pages 50447-50458]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-23219]


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NATIONAL CREDIT UNION ADMINISTRATION


Electronic Loan, Deposit, and Investment Data Collection

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for Information (RFI)

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SUMMARY: The National Credit Union Administration is conducting a 
comprehensive review of the loan, deposit, and investment information 
collected electronically during examinations of federally insured 
credit unions from the core data processing and offline systems used by 
credit unions.

DATES: Comments must be received on or before January 2, 2018.

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)]--Electronic Data Collection Modernization in 
all correspondence.
     Email: Address to [email protected]. Include ``[Your name] 
Comments on Electronic Data Collection Modernization'' in the email 
subject line. Any of the following formats is acceptable: HTML, ASCII, 
Word, RTF, or PDF.
     Mail: Please direct written comments to Amber Gravius, 
National Credit Union Administration, 1775 Duke Street, Alexandria, 
Virginia 22314.
    NCUA will post all comments 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: Kelly Lay, Business Innovation 
Director or Amber Gravius, Special Assistant for Business Innovation, 
Office of the Executive Director, at 1775 Duke Street, Alexandria, VA 
22314 or telephone (703) 518-6313 (Ms. Lay) or (703) 548-2411 (Ms. 
Gravius). Media inquiries should be directed to the NCUA Office of 
Public and Congressional Affairs at (703) 518-6671 or 
[email protected].

SUPPLEMENTARY INFORMATION: The National Credit Union Administration 
(NCUA) is conducting a comprehensive review of the loan, deposit, and 
investment information collected electronically during examinations of 
federally insured credit unions (FICUs). The overarching goal is to 
modernize, formalize, and standardize data formats collected during 
examinations from the core data processing and offline systems \1\ used 
by credit unions. The purpose of this modernization effort is to:
---------------------------------------------------------------------------

    \1\ Offline systems is defined as other IT systems not connected 
or linked to the core data processing system or third party vendors 
with loan, deposit, and investment data. These may include, but are 
not limited to, credit cards, mortgage loans, student loans, 
indirect loans, etc.
---------------------------------------------------------------------------

    a. Achieve a more consistent examination process;
    b. Promote agency efficiencies and reduce burden on credit unions;
    c. Reduce onsite time by streamlining agency efforts to sort, 
organize, and format data;
    d. Improve data reliability and quality to enable more offsite 
work;
    e. Enhance the objectivity of examination conclusions with a more 
thorough and advanced portfolio analysis; and
    f. Support the Exam Flexibility Initiative's \2\ longer examination 
cycle, consistency between examiners, better communication, more 
efficient examination planning process, and better offsite monitoring 
tools.
---------------------------------------------------------------------------

    \2\ https://www.ncua.gov/About/Documents/exam-flexibility/exam-flexibility-initiative-report-2016-oct.pdf
---------------------------------------------------------------------------

    This RFI is a major step in NCUA's internal modernization efforts. 
After considerable research and analysis, the agency is now at a point 
where it can outline the scope of its planned improvements. In turn, 
NCUA seeks the views of the public on this initiative and is eager to 
gain input from interested stakeholders on a number of aspects related 
to the future data collection by NCUA. Specifically, this RFI explains 
NCUA's objectives and seeks insights from stakeholders in identifying 
the interrelated considerations and challenges that could arise if NCUA 
adopts a new standardized data format for loan, deposit, and investment 
data.\3\ NCUA will use information furnished by stakeholders to help 
further define data fields to collect electronically, develop a 
standard data format (including field names and definitions), and 
comprise an implementation strategy that reduces burden without 
compromising the agency's ability to safeguard the National Credit 
Union Share Insurance Fund (NCUSIF).
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    \3\ A standard data format will not replace or eliminate all 
examiner data requests occurring during an examination. NCUA 
encourages responders to recommend other data sources that NCUA 
could standardize to improve exam efficiency.
---------------------------------------------------------------------------

    Separate and apart from the normal examination data download 
process, FICUs with assets greater than $10B must comply with 12 CFR 
702, subpart E which implements capital planning and stress testing.\4\ 
The information collected as part of this process is not the focus of 
this RFI as it differs significantly in timing, purpose, and content.
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    \4\ Implemented in 2014, NCUA's Office of National Examination 
and Supervision (ONES) collects detailed loan level data and select 
share data to run stress test scenarios and loan portfolio analytics 
for supervisory purpose. Currently, these credit unions send monthly 
data to NCUA on a quarterly basis using standard templates with 191 
unique data fields relevant to each data type including automobile, 
credit cards, student, real estate, member business loans, and other 
consumer loans. The sample formats in this RFI include 53 similar 
fields to those collected by ONES.
---------------------------------------------------------------------------

    In addition to this RFI, the agency may seek clearance from the 
Office of Management and Budget to conduct stakeholder calls and form 
workgroups to gather additional information about barriers and benefits 
to this modernization initiative. NCUA invites interested parties to 
respond generally to this modernization initiative and specifically to 
the questions included in this RFI.

[[Page 50448]]

I. Background

    Examiners obtain electronic data at the beginning of every 
examination, during some supervision contacts, and on an ad hoc basis 
from credit unions. This raw data, sometimes from multiple sources and 
in multiple data files, provides examiners with essential information 
in evaluating credit and deposit risks in FICUs and is integral to risk 
supervision which is central to safeguarding the integrity of the 
NCUSIF. Before 1995, this data was in written format. In 1995, NCUA 
initiated the first electronic data collection \5\ encouraging FICUs to 
provide member data to examiners through standard download routines 
made available by their information processing vendor or written in-
house instead of paper listings and reports. In this letter, NCUA 
requested 12 member profile, 24 loan and 4 share fields electronically 
for each member record.\6\
---------------------------------------------------------------------------

    \5\ NCUA Letter to Credit Unions Number 179, (September 1995).
    \6\ The download file for both loans and shares include the 12 
member profile fields.
---------------------------------------------------------------------------

    In November 2000, NCUA encouraged adherence to the share and loan 
data record layout specifications to facilitate the import functions 
into NCUA's examination software, Automated Integrated Regulatory 
Examination System (AIRES).\7\ NCUA did not increase the electronic 
data fields or modify the data format with this communication.
---------------------------------------------------------------------------

    \7\ NCUA Letter to Credit Unions 00-CU-09 (November 2000).
---------------------------------------------------------------------------

    NCUA last changed the loan and share download in April 2003.\8\ 
Beginning June 30, 2003, the member profile fields were consolidated 
and one new field was added for a total of eight fields.\9\ The unique 
loan fields increased by eight and the unique share fields increased by 
nine to total 39 loan and 20 share data fields in the electronic 
download. Although NCUA did not make electronic data collection a 
requirement, NCUA did identify fields as ``critical'' and ``optional.'' 
NCUA requested FICUs provide all critical fields for successful import 
and use in the examination process. The letter identifies 15 critical 
fields in the share file and 25 critical fields in the loan file.
---------------------------------------------------------------------------

    \8\ NCUA Letter to Credit Unions 03-CU-05 (April 2003).
    \9\ NCUA combined the member name, first name, last name, and 
middle initial into one field. Additionally, the zip code fields 
were consolidated and social security number was added to the share 
download resulting in the number of unique member profile fields to 
decline from 12 to 8. The member profile fields are currently 
included in each loan and each share download.
---------------------------------------------------------------------------

    In 2009, NCUA informed federal credit unions (FCUs) of the 
membership data collection and information extracted from the 
electronic loan and share download gathered during examinations.\10\ 
NCUA did not increase the electronic data fields or modify the data 
format with this communication.
---------------------------------------------------------------------------

    \10\ NCUA Letter to Federal Credit Unions 09-FCU-03 (January 
2009).
---------------------------------------------------------------------------

II. Reason for Modernization Initiative

    The credit union industry is dynamic, with FICUs growing larger and 
more complex each year. NCUA must ensure its data collection vehicles 
evolve with industry practices and examination/supervision procedures 
so:
    a. All material FICU risk exposures are captured;
    b. data offering little insight into these exposures are no longer 
solicited; and
    c. the reporting burden on supervised institutions--particularly 
small or non-complex credit unions--is minimized.
    Increasing industry complexity, a desire for more effective offsite 
supervision, and evolving technologies necessitated a review of the 
current process in favor of opportunities to improve efficiencies and 
reduce the examination burden on credit unions. Table 1 illustrates the 
evolution of the FICU industry since NCUA last changed the electronic 
data collection in April 2003. Although the number of institutions has 
declined, FICUs continue to grow in assets, loans, shares, membership, 
and complexity.

                    Table 1--FICU Trends Since the Last Change in Electronic Data Collection
----------------------------------------------------------------------------------------------------------------
                                                             12/31/2003         3/31/2017          Change (%)
----------------------------------------------------------------------------------------------------------------
FICUs..................................................              9,369              5,737            (63.33)
Total Assets...........................................           $610.16B             $1.34T             119.62
Total Loans............................................           $376.11B           $884.58B             135.20
    Consumer Loans \11\................................           $187.53B           $390.07B             108.00
    Credit Card Loans..................................            $21.84B            $51.59B             136.21
    Indirect Loans.....................................           \12\ Not           $172.56B      Not available
                                                                 collected
    Participation Loans................................              $4.5B            $29.97B             566.00
    Real Estate Loans \13\.............................           $168.26B           $438.93B             160.86
    Commercial/MBL.....................................             $9.32B            $68.89B             639.16
    Student Loans \14\.................................      Not collected             $3.99B      Not available
Total Shares...........................................           $528.34B             $1.13T             113.88
Average Assets.........................................            $65.10M            $233.0M             257.91
Median Assets..........................................            $10.55M            $29.97M             184.08
# Loans................................................             40.92M             61.01M              49.10
# Shares Accounts......................................            142.34M            204.44M              43.63
----------------------------------------------------------------------------------------------------------------

    Today, examiners frequently request additional reports and data 
electronically during examinations above and beyond the loan and share 
download including, but not limited to: Investment data, credit cards, 
indirect loans, participation loans, and commercial/member business 
loans. These requests are compelled by increased complexity, more 
services, and extensive loan products offered to credit union members. 
These requests may be made before an examination begins or throughout 
the process. As NCUA has not defined a standard data

[[Page 50449]]

structure and fields for different loan types,\15\ the characteristics 
of data presented in these files often differs from credit union to 
credit union and vendor to vendor. The unique formats can result in 
credit union resources to produce and explain their individual reports 
to examiners. This also creates examination inefficiencies for credit 
unions and examiners as the reports may not contain all information 
requested by the examiner and additional information requests may be 
made. Further, data limitations and inconsistency results in disparate 
evaluations of risk at different credit unions and across all FICUs.
---------------------------------------------------------------------------

    \11\ Includes unsecured loans, lines of credit, vehicle loans, 
short-term, small dollar amount loans, and leases receivable. This 
number may include some overlap with indirect, participation, and 
commercial/MBLs based on categories of reporting on the 5300 Call 
Report.
    \12\ The December 31, 2003 5300 Call Report only collected 
Indirect Loans Granted Year-To-Date. NCUA first started collecting 
total outstanding indirect loans with the March 31, 2014 Call 
Report. Credit unions reported a total of $97.35B indirect loans as 
of March 31, 2014. Since that initial reporting, indirect loans have 
increased 77.3%.
    \13\ Total real estate loans includes commercial/MBLs secured by 
real estate.
    \14\ Non-federally guaranteed student loans as reported on the 
5300 Call Report. NCUA first started collecting this information 
with the March 31, 2014 Call Report. Credit unions reported a total 
of $2.84B non-federally guaranteed student loans as of March 31, 
2014. Since that initial reporting, these loans have increased 
40.49%.
    \15\ Most credit unions must obtain reports from other systems 
and third party vendors for real estate, commercial/member business 
loans, student loans, credit cards, participation, and indirect 
loans. Examiners primarily receive consumer and real estate loan 
information in the current loan and share download limited to the 
data fields defined in NCUA Letter to Credit Unions 03-CU-05.
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    As part of the broader enterprise modernization effort, NCUA 
desires to improve loan and deposit portfolio analytics used during 
FICU examinations to provide for more consistent analysis of risk 
within and across institutions to mitigate losses to the NCUSIF. Data 
standardization is paramount to effectively use more robust analytic 
tools and will also benefit credit unions outside of the examination 
context, as credit unions have been known to use the download when two 
credit unions are merging to transfer records. It has also been used 
with some third party vendors for analytics, reporting, and data 
processing conversions.
    NCUA acknowledges there are challenges with a standard data format. 
Credit unions use dozens of data processing systems and third party 
vendors for originating, recording, and monitoring loans, deposits, and 
investments. Additionally, there are many variations and platforms, 
including credit union developed information technology systems, with 
varying data content and formats. Responses to the questions in this 
RFI will inform NCUA of the extent to which FICUs can provide data 
electronically in a standard format and identify data fields available 
for electronic collection. Additionally, NCUA welcomes suggested 
implementation strategies that reduce burden without compromising the 
agency's ability to safeguard the NCUSIF.

III. Information Security

    NCUA exercises great care in protecting sensitive and personally 
identifiable information. As a federal agency, NCUA must comply with 
mandatory security standards for federal information and information 
systems \16\ and must meet these minimum information security 
requirements by using security and privacy controls recommended by the 
National Institute of Standards and Technology (NIST).\17\ In addition 
to NIST standards and guidelines, NCUA is subject to federal statutes 
such as the Federal Information Security Modernization Act (FISMA) of 
2014, the E-Government Act of 2002, the Privacy Act of 1974 and various 
OMB policies and guidance concerning federal information management, 
FISMA reporting, and privacy.
---------------------------------------------------------------------------

    \16\ FIPS Publication 199, Standards for Security Categorization 
of Federal Information and Information Systems; FIPS Publication 
200, Minimum Security Requirements for Federal Information and 
Information Systems.
    \17\ NIST Special Publication 800-53 (Rev. 4), Security and 
Privacy Controls for Federal Information Systems and Organizations.
---------------------------------------------------------------------------

    NCUA uses administrative, technical, and physical controls, 
including but not limited to: Periodic review and authorization of 
information systems; proactive threat assessment and continuous 
monitoring; and annual general and role-based security training for 
employees and contractors. We also leverage independent tests and 
evaluations from other government agencies and third-party assessors.
    The Office of the Inspector General (OIG) conducts independent 
audits, investigations and other activities to verify NCUA's compliance 
with applicable standards, laws and regulations related to privacy and 
information security and keeps the NCUA Board and U.S. Congress fully 
and currently informed of their work. The OIG conducts a FISMA and 
Federal Managers' Financial Integrity Act (FMFIA) audit annually to 
ensure NCUA has effectively implemented all appropriate security and 
privacy controls.\18\
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    \18\ The results of these audits are reported both internally 
and externally to ensure completion of all remedial findings. Credit 
Unions and their members can review OIG Audit Reports, Semiannual 
Reports and Letter to Congress at https://www.ncua.gov/About/Pages/inspector-general/reports.aspx.
---------------------------------------------------------------------------

    Request for Comment: NCUA is providing questions about major 
aspects of this electronic data modernization to target issues the 
public would like addressed by the effort. The questions are not 
intended to limit discussion. Indeed, responders may explore an issue 
relevant to this initiative.
    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 electronic data will help NCUA use the input provided.

a. Electronic Data Collection Modernization Questions

    1. To the extent an FICU offers the loan and deposit services and 
has the investment instruments identified in the section b, are there 
any example data fields listed in this RFI that cannot be reasonably 
provided electronically? What other data fields could be provided that 
NCUA should consider collecting electronically?
    2. For electronic data, what file formats (e.g., Microsoft Excel, 
CSV, etc.) are available?
    3. If a FICU cannot provide data electronically, to what extent is 
the limitation due to the IT systems (e.g., the field is not available 
in the IT system to be captured electronically)? To what extent is the 
limitation because a credit union is not electronically collecting the 
data now (e.g., loan underwriting information captured in the loan 
file, such as a calculated debt to income ratio, but is not stored in 
an IT system that can capture that data)?
    4. What is the number of vendors, systems, or service providers the 
FICU uses for loans (all types), deposits, and investments you 
currently can or would extract data for examination purposes? 
Specifically, how many are used for each category (e.g., loans, 
deposits, and investments)?
    5. To what extent does the FICU rely on a third party vendor to 
create and produce raw data downloads? Does the vendor provide the 
credit union with the flexibility to self-customize reporting for data 
attributes?
    6. What are the technological challenges NCUA should consider with 
a standardized data format (e.g., specific file names, format, etc.)?
    7. What additional initial and annual costs would you estimate a 
FICU could incur to generate and provide data electronically in a 
standard format (e.g., pass through costs from vendors, in-house 
development resources, etc.)?
    8. Does the credit union or vendor have the ability to retain and 
create the current loan and share download data format (with no 
changes) as well as new download data formats? \19\
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    \19\ NCUA is modernizing our examination platform and analytics. 
The new data format will be used with these technological 
advancements. Until the current systems that use the existing 
download are retired, examiners will need the current download file 
as existing tools may not be able to accommodate a new download data 
format.
---------------------------------------------------------------------------

    9. Should NCUA eliminate the ``critical'' and ``optional'' data

[[Page 50450]]

categorizations discussed in NCUA Letter to Credit Unions 03-CU-05? If 
yes, what approaches would you propose NCUA use to collect standardized 
data for better analytics and examination efficiencies?
    10. With the exception of the example data formats based on data 
type discussed in this RFI, what alternatives would you propose for 
NCUA to collect data in a standardized format that minimizes the credit 
union burden?
    11. What implementation strategies and timeline should NCUA 
consider with this modernization? For example, what is the anticipated 
timeframe for a FICU or vendor to provide the sample data fields and 
the associated format? How should NCUA ensure FICUs use the standard 
data format?
    12. What specific information security controls or assurances are 
expected from NCUA to reasonably safeguard the electronic loan, share, 
and investment data?
    Commenters are also encouraged to discuss any other relevant issues 
they believe NCUA should consider with respect to the electronic 
collection of loan, deposit, and investment data.

b. Sample Loan, Deposit, and Investment Electronic Data Collection

    NCUA is requesting input and feedback on sample data fields and the 
associated format.\20\ The information in tables 2-9 is preliminary and 
is presented for discussion and input purposes only. For sample 
purposes only, NCUA is presenting one data format for all deposit 
types, one for investment data,\21\ and different data formats for 
loans based on the loan type.\22\ To the extent the FICU offers these 
loan and deposit services and has these investment instruments, NCUA is 
asking stakeholders to identify if FICUs can provide these and other 
data fields electronically in their response to the RFI. Similar to the 
download process today, credit unions would be permitted to submit 
multiple data files electronically for loans, deposits, and 
investments.
---------------------------------------------------------------------------

    \20\ These data formats include 9 member profile, 18 deposit, 
120 loan, and 12 investment unique data files. They include all data 
fields listed in Letter to Credit Unions 03-CU-05, except three data 
fields that would be overlapping with new data fields--Date of Last 
Activity, Last Activity Code, and Credit Limit at origination.
    \21\ As of March 31, 2017, FICUs reported the following 
investments: Securities: 40.9% of all FICUs; Non-negotiable CDs: 
83.7%.
    \22\ Loan types include consumer, indirect, participations, 
residential real estate, student loans, and commercial/member 
business loans. As of March 31, 2017, FICUs reported the following 
loan services: Consumer: 100% of FICUs; Indirect: 33.1%; 
Participation: 27.2%; Real estate: 75.6%; Non-guaranteed federal 
student Loans: 12.1%; Commercial/MBL: 37.9%.
    \23\ Identifies fields requested in NCUA Letter to Credit Unions 
03-CU-05 (April 2003). Fields identified with an asterisk (*) are 
categorized as ``critical'' fields by NCUA in Letter to Credit 
Unions 03-CU-05.

                                                           Table 2--Deposit Electronic Fields
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                         Current NCUA
             Number                  Applies to             Field              Description              Example         Data format     standard field
                                                                                                                                             \23\
--------------------------------------------------------------------------------------------------------------------------------------------------------
D1.............................  All Share Accounts  Effective date of   Effective date of the    03312017..........  Date..........  No.
                                                      the download.       data.
D2.............................  All Share Accounts  Record Code.......  Indicate D for           D.................  D/L/I.........  Yes .*
                                                                          Deposits, L for Loans,
                                                                          I for Investment.
D3.............................  All Share Accounts  Taxpayer ID.......  Nine digit code used by  123456789.........  Number........  Yes .*
                                                                          the U.S. Government
                                                                          (TIN). For individuals
                                                                          use Social Security
                                                                          number.
D4.............................  All Share Accounts  Member ID.........  Primary key identifier   ABC123456.........  Text..........  Yes .*
                                                                          for the entity. This
                                                                          is the number used to
                                                                          uniquely identify the
                                                                          member/non-member such
                                                                          as an account number.
D5.............................  All Share Accounts  Member Name.......  Full legal name.         Long Sr., John, S.  Text..........  Yes .*
                                                                          Format: Last Name,
                                                                          Suffix (if
                                                                          applicable), First
                                                                          Name, Middle Initial
                                                                          for individuals. For
                                                                          business provide full
                                                                          legal name.
D6.............................  All Share Accounts  Address Line 1....  Street address.........  7247 Circle Sun...  Text..........  Yes .*
D7.............................  All Share Accounts  Address Line 2....  Address line 2.........  P.O. Box 858......  Text..........  Yes
D8.............................  All Share Accounts  City..............  City where borrower      Fairfax...........  Text..........  Yes .*
                                                                          resides. For business
                                                                          account, provide the
                                                                          city of the main or
                                                                          head office.
D9.............................  All Share Accounts  State.............  Post office state code   NM................  Text..........  Yes .*
                                                                          where borrower
                                                                          resides. For business
                                                                          accounts, provide the
                                                                          state of the main or
                                                                          head office.
D10............................  All Share Accounts  Zip Code..........  Zip code where borrower  80521.............  Number........  Yes .*
                                                                          resides. For business
                                                                          accounts, provide the
                                                                          zip code of the main
                                                                          or head office.
D11............................  All Share Accounts  Insiders and        If data supports,        E.................  Text..........  Yes.
                                                      Employees.          report ``D'' for
                                                                          directors, supervisory
                                                                          committee, and credit
                                                                          committee members,
                                                                          ``O'' for executive
                                                                          officers, and ``E''
                                                                          for employees who are
                                                                          not executive
                                                                          officers. If the CEO
                                                                          is also the Board
                                                                          Treasurer, report as
                                                                          an executive officer--
                                                                          ``O''. If the credit
                                                                          union or vendor data
                                                                          does not support this
                                                                          scheme, simply
                                                                          identify insider
                                                                          status with Y/N.

[[Page 50451]]

 
D12............................  All Share Accounts  Non-member........  Indicator to identify    Y.................  Y/N...........  No.
                                                                          non-member share
                                                                          accounts.
D13............................  All Share Accounts  Share Balance.....  Current balance of the   156.45............  Number........  Yes .*
                                                                          share account, signed
                                                                          with two decimal
                                                                          places.
D14............................  All Share Accounts  Share Type Code...  System code to identify  R.................  Text..........  Yes .*
                                                                          certificates, regular,
                                                                          draft, IRA, money
                                                                          market and other share
                                                                          deposit accounts.
D15............................  All Share Accounts  Dividend Rate.....  Current dividend rate    2.................  Number........  Yes .*
                                                                          for each share account.
D16............................  All Share Accounts  Date of Last        Date of last deposit or  03312017..........  Date..........  Yes .*
                                                      Activity.           withdrawal.
D17............................  All Share Accounts  Share Amount        Dollar amount of the     5000.00...........  Number........  Yes .*
                                                      Frozen.             account the member
                                                                          cannot access.
D18............................  All Share Accounts  Last Activity Code  Identifies the type of   FM................  Text..........  Yes.
                                                                          account activity that
                                                                          occurred last by code.
D19............................  All Share Accounts  Accrued Dividend    Dollar amount of         25.36.............  Number........  Yes.
                                                      Interest.           accrued dividends.
D20............................  All Share Accounts  Last File           Last date of any non-    03312017..........  Date..........  Yes.
                                                      Maintenance Date.   financial modification
                                                                          to the account (e.g.,
                                                                          dividend rate, member
                                                                          address, etc.).
D21............................  All Share Accounts  Last File           Approving official or    AH................  Text..........  Yes.
                                                      Maintenance User    employee's transaction
                                                      ID or Initials.     code or initials.
D22............................  All Share Accounts  Date Negative       The date the share       03312017..........  Date..........  No.
                                                      Shares.             account first went
                                                                          negative without cure.
D23............................  All Share Accounts  Joint Owner.......  Provide the name of the  Long Sr., John, S.  Text..........  No.
                                                                          joint owner's full
                                                                          legal name. Format:
                                                                          Last Name, Suffix (if
                                                                          applicable), First
                                                                          Name, Middle Initial
                                                                          for individuals. For
                                                                          businesses, provide
                                                                          full legal name.
D24............................  All Share Accounts  Membership Type...  Provide the membership   Business..........  Text..........  No.
                                                                          type using the
                                                                          following identifiers:
                                                                          Single ownership,
                                                                          Joint ownership,
                                                                          Trustee, or Business.
D25............................  All Share Accounts  Last Statement      Date the member          03312017..........  Date..........  No.
                                                      Date.               statement was last
                                                                          generated.
D26............................  Share Certificate   Step/Bump Dividend  Indicator if the share   Y.................  Y/N...........  No.
                                  Accounts.           Rate.               certificate product
                                                                          has a term that allows
                                                                          the member to ``step-
                                                                          up'' or ``bump-up''
                                                                          the dividend rate.
D27............................  Share Certificate   Certificate Date    Date member opened the   03312017..........  Date..........  Yes .*
                                  Accounts.           Granted.            share certificate
                                                                          account.
D28............................  Share Certificate   Certificate         Date the share           03312017..........  Date..........  Yes .*
                                  Accounts.           Maturity Date.      certificate will
                                                                          mature.
D29............................  Business Accounts.  Name of             Full legal name of       Long Sr., John, S.  Text..........  No.
                                                      Beneficiaries.      individuals who are
                                                                          beneficiaries on
                                                                          business accounts.
                                                                          Format: Last Name,
                                                                          Suffix (if
                                                                          applicable), First
                                                                          Name, Middle Initial.
--------------------------------------------------------------------------------------------------------------------------------------------------------

     
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    \24\ NCUA has not previously published a standard structure for 
investment data. This will facilitate robust analytics with a 
dynamic, quantitative third-party service platform for interest rate 
risk assessment of individual securities and portfolios without 
requiring the examiner to reformat data files or request additional 
data from the credit union.

                                        Table 3--Security and Non-Negotiable CD Investment Electronic Fields \24\
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                  Current NCUA  standard
              Number                        Field                  Description                Example             Data format              field
--------------------------------------------------------------------------------------------------------------------------------------------------------
I1................................  Download Cut-off date  Effective date of the data  03312017.............  Date..............  No.
I2................................  Record Code..........  Report D for Deposits, L    L....................  D/L/I.............  No.
                                                            for Loans, I for
                                                            Investment.
I3................................  CUSIP Number.........  Committee on Uniform        23345abcd............  Text..............  No.
                                                            Securities Identification
                                                            Procedures number.
                                                            Security identifier.

[[Page 50452]]

 
I4................................  Original Face Value..  Original face value of the  100,000..............  Number............  No.
                                                            investment.
I5................................  Current Face Value...  Current face value of the   100,000..............  Number............  No.
                                                            investment.
I6................................  Book Value...........  Current book value of the   102,000..............  Number............  No.
                                                            investment.
I7................................  Fair Value...........  Current fair value of the   102,000..............  Number............  No.
                                                            investments.
I8................................  Maturity Date........  Maturity date of            12312017.............  Date..............  No.
                                                            investment.
I9................................  Coupon/Rate..........  Stated coupon or rate of    5....................  Number............  No.
                                                            investment.
I10...............................  Floating Rate........  Indicator if the            Y....................  Y/N...............  No.
                                                            investment has floating
                                                            rate.
I11...............................  Issuer...............  Name of issuer of the       Wells Fargo Bank.....  Text..............  No.
                                                            investment.
I12...............................  Settlement Date......  Date funds are exchanged..  10312015.............  Date..............  No.
--------------------------------------------------------------------------------------------------------------------------------------------------------

     
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    \25\ Identifies fields requested in NCUA Letter to Credit Unions 
03-CU-05 (April 2003). Fields identified with an asterisk (*) are 
categorized as ``critical'' fields by NCUA in Letter to Credit 
Unions 03-CU-05.
    \26\ NCUA reviewed the Interagency Loan Data Request (ILDR) 
issued in March 2013. The ILDR provides a standard format for banks 
to electronically provide loan data. In comparison to the 82 data 
fields in the ILDR, the sample loan formats include 61 similar loan 
fields. https://www.fdic.gov/news/news/financial/2013/fil13012.html.

                                                Table 4--Consumer and Credit Card Loan Electronic Fields
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                     Current NCUA
             Number                     Field              Description              Example         Data format     standard field      ILDR Field \26\
                                                                                                                         \25\
--------------------------------------------------------------------------------------------------------------------------------------------------------
C1.............................  Effective date of   Effective date of the    03312017..........  Date..........  No................  No.
                                  the download.       data.
C2.............................  Record Code.......  Indicate D for           L.................  D/L/I.........  Yes*..............  No.
                                                      Deposits, L for Loans,
                                                      I for Investment.
C3.............................  Taxpayer ID.......  Nine digit code used by  123456789.........  Number........  Yes*..............  Yes.
                                                      the US Government
                                                      (TIN). For individuals
                                                      use social security
                                                      number.
C4.............................  Borrower ID.......  Primary key identifier   ABC123456.........  Text..........  Yes*..............  Yes.
                                                      for the entity. This
                                                      is the number used to
                                                      uniquely identify the
                                                      member/non-member such
                                                      as an account number.
C5.............................  Member Name.......  Full legal name.         Long Sr., John, S.  Text..........  Yes*..............  Yes.
                                                      Format: Last Name,
                                                      Suffix (if
                                                      applicable), First
                                                      Name, Middle Initial
                                                      for individuals. For
                                                      business provide full
                                                      legal name.
C6.............................  Address Line 1....  Street address.........  7247 Circle Sun...  Text..........  Yes*..............  Yes.
C7.............................  Address Line 2....  Address line 2.........  PO Box 858........  Text..........  Yes...............  Yes.
C8.............................  City..............  City where borrower      Fairfax...........  Text..........  Yes*..............  Yes.
                                                      resides. For business
                                                      accounts, provide the
                                                      city of the main or
                                                      head office.
C9.............................  State.............  Post office state code   NM................  Text..........  Yes*..............  Yes.
                                                      where borrower
                                                      resides. For business
                                                      accounts, provide the
                                                      state of the main or
                                                      head office.
C10............................  Zip Code..........  Zip code where borrower  80521.............  Number........  Yes*..............  Yes.
                                                      resides. For business
                                                      accounts, provide the
                                                      zip code of the main
                                                      or head office.
C11............................  Insiders and        If data supports,        E.................  Text..........  Yes...............  Yes.
                                  Employees.          report ``D'' for
                                                      directors, supervisory
                                                      committee, and credit
                                                      committee members,
                                                      ``O'' for executive
                                                      officers, and ``E''
                                                      for employees who are
                                                      not executive
                                                      officers. If the CEO
                                                      is also the Board
                                                      Treasurer, report as
                                                      an executive officer--
                                                      ``O''. If the credit
                                                      union or vendor data
                                                      does not support this
                                                      scheme, simply
                                                      identify insider
                                                      status with Y/N.
C12............................  Business Type.....  Provide the member's     54194.............  Text..........  No................  Yes.
                                                      North American
                                                      Industry
                                                      Classification System
                                                      (NAICS) code where
                                                      majority of their
                                                      revenue is generated
                                                      from.
C13............................  Branch ID.........  Identifies the           01C...............  Text..........  Yes...............  Yes.
                                                      originating service
                                                      facility.
C14............................  Loan ID...........  Unique identifier for    A.................  Text..........  No................  Yes.
                                                      each loan.

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C15............................  Loan Category.....  The type of loan.        Commercial........  Text..........  No................  No.
                                                      Provide ``Commercial/
                                                      MBL'', ``Residential
                                                      Real Estate'', or
                                                      ``Consumer''.
C16............................  Loan Type.........  The type of loan         Capital LOC.......  Text..........  Yes*..............  Yes.
                                                      product as defined by
                                                      the vendor or credit
                                                      union (e.g. New or
                                                      Used Auto, Credit Card
                                                      Fixed, Credit Card
                                                      Variable, etc.).
C17............................  Purpose Code......  Description of what the  Auto purchase.....  Text..........  Yes*..............  Yes.
                                                      proceeds will be used
                                                      for; Reason for loan.
C18............................  Origination Date..  The note date; date the  03312017..........  Date..........  Yes*..............  Yes.
                                                      loan was originated.
                                                      Do not report the date
                                                      of last advance.
C19............................  Original Loan       The original principal   1500.45...........  Number........  Yes*..............  Yes.
                                  Amount.             amount of the loan.
C20............................  Payment Amount....  Amount of regularly      780.25............  Number........  Yes*..............  Yes.
                                                      scheduled payment.
C21............................  Loan Term.........  The contractual number   60................  Number........  Yes*..............  Yes.
                                                      of payments required
                                                      by the note or
                                                      modification of the
                                                      note.
C22............................  Payment Frequency.  The interval of time     M.................  Text..........  Yes*..............  Yes.
                                                      payments are
                                                      contractually required
                                                      (monthly, quarterly,
                                                      annually, balloon/
                                                      maturity, etc.).
C23............................  Balloon Flag......  Indicator the loan is a  Y.................  Y/N...........  No................  No.
                                                      balloon loan.
C24............................  Balloon Term......  Number of months from    84................  Number........  No................  No.
                                                      origination until
                                                      balloon date.
C25............................  Interest Only Flag  Indicator the borrower   Y.................  Y/N...........  No................  No.
                                                      pays only the interest
                                                      on the principal
                                                      balance for a set
                                                      period of time, with
                                                      the principal balance
                                                      unchanged.
C26............................  Interest Only Term  The length of time (in   12................  Number........  No................  No.
                                                      months) during which
                                                      the borrower pays only
                                                      interest on the
                                                      principal balance.
C27............................  First Payment Date  Date the first payment   03312017..........  Date..........  No................  No.
                                                      was/is due.
C28............................  Maturity Date.....  Date when full payment   03312017..........  Date..........  No................  Yes.
                                                      on the loan is
                                                      contractually due. For
                                                      balloon loans, this
                                                      should be the same as
                                                      the balloon expiration
                                                      date.
C29............................  Interest Rate.....  The contractual rate of  5.000.............  Number........  Yes*..............  Yes.
                                                      interest currently
                                                      applied to this loan
                                                      at origination.
C30............................  Loan Type.........  The type of loan         Capital LOC.......  Text..........  Yes...............  Yes.
                                                      product as defined by
                                                      the vendor or credit
                                                      union (e.g. New or
                                                      Used Auto, Credit Card
                                                      Fixed, Credit Card
                                                      Variable, etc.).
C31............................  Current Interest    The contractual rate of  5.................  Number........  No................  Yes.
                                  Rate.               interest currently
                                                      applied to this loan.
C32............................  First Rate          Initial date the         03312017..........  Date..........  No................  No.
                                  Adjustment Date.    interest rate will/did
                                                      adjust on variable
                                                      rate loans.
C33............................  Next Rate           Future date interest     03312017..........  Date..........  No................  No.
                                  Adjustment Date.    rate will adjust on
                                                      variable rate loans.
C34............................  Lifetime Interest   The maximum rate the     18.000............  Number........  No................  Yes.
                                  Rate Cap.           loan can reach over
                                                      its contractual term.
C35............................  Interest Rate       The minimum rate the     4.000.............  Number........  No................  No.
                                  Floor.              loan can reach over
                                                      its contractual term.
C36............................  Variable Rate       Interest rate base       Prime.............  Text..........  No................  Yes.
                                  Index.              index used when the
                                                      loan's rate varies
                                                      with an index.
C37............................  Variable Rate       The margin added or      2.................  Number........  No................  No.
                                  Margin.             subtracted from the
                                                      index to get the rate.
C38............................  Current Credit      The maximum a borrower   2500.00...........  Number........  No................  No.
                                  Limit.              can currently incur.
C39............................  Date Closed.......  Date a line of credit    03312017..........  Date..........  No................  No.
                                                      was closed.
C40............................  Credit Score at     Credit score of the      825...............  Number........  Yes*..............  Yes.
                                  Origination.        primary borrower (e.g.
                                                      FICO or Beacon)
                                                      obtained from a credit
                                                      bureau that was used
                                                      in the underwriting of
                                                      the credit. If two
                                                      bureau scores were
                                                      used, provide the
                                                      highest score. If the
                                                      credit union obtains
                                                      all three bureau
                                                      scores, provide the
                                                      middle score.
C41............................  Original Credit     Date of the primary      03312017..........  Date..........  No................  No.
                                  Score Date.         borrower's credit
                                                      score at origination.

[[Page 50454]]

 
C42............................  Current Credit      Most recent primary      745...............  Number........  No................  No.
                                  Score.              borrower credit score
                                                      obtained by the credit
                                                      union.
C43............................  Current Credit      Most recent date of      03312017..........  Date..........  No................  No.
                                  Score Date.         updated credit score
                                                      for the primary
                                                      borrower.
C44............................  Guarantor.........  Name of entity/person    Long Sr., John, S.  Text..........  No................  Yes.
                                                      that guarantees the
                                                      loan. With multiple
                                                      guarantors, give the
                                                      primary one.
C45............................  Co-Maker/Co-        The name of the co-      Long Sr., John, S.  Text..........  No................  Yes.
                                  Borrower/           maker/co-borrower
                                  Guarantor.          whose signature(s)
                                                      appears on the
                                                      promissory note or
                                                      loan agreement.
                                                      Provide the first one
                                                      when there are
                                                      multiple co-makers/co-
                                                      borrowers.
C46............................  Co-Maker/Co-        Credit score of the co-  680...............  Number........  No................  No.
                                  Borrower Credit     maker/co-borrower at
                                  Score at            the time of
                                  Origination.        origination.
C47............................  Current Credit      Most recent date of      03312017..........  Date..........  No................  No.
                                  Score Date of Co-   updated credit score
                                  Borrower.           of the co-borrower/co-
                                                      maker.
C48............................  Original Credit     Credit score of the co-  800...............  ..............  No................  No.
                                  Score Date of Co-   borrower/co-maker
                                  Borrower.           (e.g. FICO or Beacon)
                                                      obtained from a credit
                                                      bureau that was used
                                                      in the underwriting of
                                                      the credit. If two
                                                      bureau scores were
                                                      used, provide the
                                                      highest score. If the
                                                      credit union obtains
                                                      all three bureau
                                                      scores, provide the
                                                      middle score.
C49............................  Loan Officer......  Code or loan officer     BB................  Text..........  No................  Yes.
                                                      name responsible
                                                      underwriting and/or
                                                      borrower relationship.
C50............................  Loan Approver.....  Code or name of          AG................  Text..........  Yes...............  No.
                                                      approving official.
                                                      Indicate if approved
                                                      by the Credit
                                                      Committee or Board of
                                                      Directors.
C51............................  Loan Risk Grade...  Credit union internal    A.................  Text..........  Yes...............  Yes.
                                                      risk rating at
                                                      origination. The
                                                      credit union's
                                                      internal loan risk
                                                      grade (e.g., A, B, C,
                                                      or D paper).
C52............................  Collateral          Indicator loan has       Y.................  Y/N...........  No................  No.
                                  Protection          coverage for when
                                  Insurance.          insurance coverage
                                                      lapses.
C53............................  GAP Indicator.....  Indicator the member     Y.................  Y/N...........  No................  No.
                                                      purchased gap
                                                      insurance on the
                                                      collateral.
C54............................  Credit Life.......  Indicator loan has a     Y.................  Y/N...........  No................  No.
                                                      life insurance policy
                                                      designed to pay off
                                                      the borrower's debt if
                                                      they die.
C55............................  Credit Disability.  Indicator loan has       N.................  Y/N...........  No................  No.
                                                      disability insurance
                                                      designed to pay the
                                                      borrower's debt if
                                                      they become disabled.
C56............................  Loan Collateral...  The narrative            1996 Ford Mustang.  Text..........  No................  Yes.
                                                      description of the
                                                      collateral (e.g.,
                                                      year, make and model;
                                                      38 unit apartment
                                                      building, etc.).
C57............................  Collateral Code...  The system code          Residential real    Text..........  Yes*..............  Yes.
                                                      associated with the      estate.
                                                      collateral type (e.g.,
                                                      residential real
                                                      estate, etc.).
C58............................  Origination         Total value of           50000.00..........  Number........  No................  Yes.
                                  Collateral Value.   collateral at loan
                                                      origination.
C59............................  Collateral          Date collateral was      20170313..........  Date..........  No................  Yes.
                                  Valuation/          appraised or valued at
                                  Appraisal Date      loan origination.
                                  (Origination).
C60............................  Current Collateral  Dollar value of          45150.65..........  Number........  No................  No.
                                  Value.              collateral when last
                                                      assessed by the credit
                                                      union.
C61............................  Most Recent         Date collateral was      03312017..........  Date..........  No................  Yes.
                                  Collateral Value/   last appraised or
                                  Appraisal Date.     valued.
C62............................  Lien Position.....  The credit union's lien  1.................  Number........  No................  Yes.
                                                      position on the
                                                      collateral (e.g., 1st,
                                                      2nd, 3rd, etc.). If
                                                      more than one
                                                      collateral, identify
                                                      the primary
                                                      collateral's lien
                                                      position.
C63............................  VIN Number........  Vehicle Identification   1GTV2TEH8EZ173011.  Text..........  No................  No.
                                                      Number/unique
                                                      identifier for
                                                      collateral.

[[Page 50455]]

 
C64............................  Current Loan        Current outstanding      84500.01..........  Number........  Yes*..............  Yes.
                                  Balance.            principal balance of
                                                      the loan. If the
                                                      member has overpaid
                                                      the note and the
                                                      credit union is
                                                      carrying a credit
                                                      balance, provide the
                                                      number as a negative
                                                      balance with a minus
                                                      sign as the first
                                                      character (e.g., -
                                                      33.56).
C65............................  Date of Last        Date the last payment    03312017..........  Date..........  No................  Yes.
                                  Payment.            was made.
C66............................  Number of           The remaining            24................  Number........  Yes*..............  No.
                                  Remaining           contractual number of
                                  Payments.           payments required by
                                                      the loan.
C67............................  Next Payment Due    The date the next        03312017..........  Date..........  Yes*..............  Yes.
                                  Date.               payment, principal or
                                                      interest, is due. For
                                                      delinquent loans, this
                                                      will be in the past.
C68............................  Accrued Interest..  Total amount of          180.32............  Number........  Yes*..............  Yes.
                                                      interest accrued and
                                                      not yet received on a
                                                      loan.
C69............................  Late Charges......  Late charges currently   95.06.............  Number........  No................  Yes.
                                                      due and unpaid.
C70............................  Debt to Income      Debt payments divided    35.670............  Number........  No................  No.
                                  Ratio.              by gross or net income
                                                      calculated at time of
                                                      loan origination.
C71............................  Days Past Due.....  Number of days the note  75................  Number........  Yes*..............  Yes.
                                                      is past due beyond the
                                                      due date as of the
                                                      effective date of the
                                                      download. If loan is
                                                      current or paid ahead,
                                                      report as zero.
C72............................  Delinquency         Number of times past     2.................  Number........  Yes...............  Yes.
                                  Counter 30-59       due 30-59 days since
                                  Days.               origination date.
C73............................  Delinquency         Number of times past     4.................  Number........  Yes...............  Yes.
                                  Counter 60-89       due 60-89 days since
                                  Days.               origination date.
C74............................  Delinquency         Number of times past     0.................  Number........  Yes...............  Yes.
                                  Counter 90-119      due 90-119 days or
                                  Days.               more since the
                                                      origination date.
C75............................  Delinquency         Number of times past     1.................  Number........  Yes...............  Yes.
                                  Counter 120 Days    due 120+ days or more
                                  +.                  since the origination
                                                      date.
C76............................  Last Renewal Date.  The date the loan was    03312017..........  Date..........  No................  Yes.
                                                      last renewed.
C77............................  Loan Modification.  Indicator if the loan    Y.................  Y/N...........  No................  No.
                                                      has been modified. A
                                                      loan modification
                                                      permanently
                                                      restructures the terms
                                                      of an existing loan. A
                                                      loan modification is
                                                      not a new loan, but a
                                                      renegotiation of an
                                                      existing loan.
C78............................  Date of Loan        Date of last loan        20170313..........  Date..........  No................  Yes.
                                  Modification.       modification.
C79............................  Capitalized         Amount of interest       259.63............  Number........  No................  Yes.
                                  Interest Amount.    added to the loan
                                                      principal balance.
C80............................  Amount of last      Dollar amount of the     55000.00..........  Number........  No................  No.
                                  advance.            last advance.
C81............................  Interest rate       Time between periodic    30................  Number........  No................  Yes.
                                  reset interval.     reset dates for
                                                      variable or adjustable
                                                      rate loans expressed
                                                      in days..
C82............................  Troubled Debt       Indicates if a loan is   Y.................  Y/N...........  No................  Yes.
                                  Restructure.        currently a troubled
                                                      debt restructure as
                                                      defined by GAAP.
C83............................  Nonaccrual........  Indicate if the loan is  N.................  Y/N...........  No................  Yes.
                                                      currently on
                                                      nonaccrual.
C84............................  Charge-Off Flag...  Indicator if entire      Y.................  Y/N...........  No................  No.
                                                      loan has been charged
                                                      off.
C85............................  Charge Off Amount.  Amount of principal      5000.00...........  Number........  Yes...............  Yes.
                                                      charged off this loan.
C86............................  Charge Off Date...  Date the loan was        03312017..........  Date..........  No................  No.
                                                      charged off.
C87............................  Last File           Date of last file        03312017..........  Date..........  Yes...............  No.
                                  Maintenance Date.   maintenance change on
                                                      this loan.
C88............................  Last File           User ID of person who    JB100.............  Text..........  Yes...............  No.
                                  Maintenance User    made last file
                                  ID or Initials.     maintenance change.
C89............................  Last File           Description of what was  DD................  Text..........  No................  No.
                                  Maintenance         last changed on the
                                  action Code.        member loan (e.g., due
                                                      date, name, loan
                                                      status, etc.).

[[Page 50456]]

 
C90............................  Interest Rate       Interest rate variance   2.25..............  Number........  No................  Yes.
                                  Spread.             from the index rate
                                                      changed on the note.
                                                      Express in terms of a
                                                      percentage. For
                                                      example, the premium
                                                      of a note written at
                                                      Prime +2.25% would be
                                                      expressed as 2.25.
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                                      Table 5--Indirect Loan Electronic Data Fields
--------------------------------------------------------------------------------------------------------------------------------------------------------
             Number                     Field              Description              Example         Data format   Current NCUA field      ILDR field
--------------------------------------------------------------------------------------------------------------------------------------------------------
Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following:
--------------------------------------------------------------------------------------------------------------------------------------------------------
ID1............................  Dealer Code.......  Name of sales agent for  Hanks Auto Sales..  Text..........  No................  Yes.
                                                      indirect auto loans.
ID2............................  Indirect Loan Flag  Indicator if the loan    Y.................  Y/N...........  No................  No.
                                                      was originated through
                                                      an indirect loan
                                                      program.
ID3............................  Dealer Reserve      Current dealer reserve   3,000.............  Number........  No................  Yes.
                                  Balance.            against the note.
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                                   Table 6--Participation Loan Electronic Data Fields
--------------------------------------------------------------------------------------------------------------------------------------------------------
             Number                     Field              Description              Example         Data format   Current NCUA field      ILDR field
--------------------------------------------------------------------------------------------------------------------------------------------------------
Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following:
--------------------------------------------------------------------------------------------------------------------------------------------------------
P1.............................  Participation Sold  The original amount of   9,000,000.........  Number........  No................  Yes.
                                  (Original Amount).  this note that was
                                                      sold.
P2.............................  Participation Sold  The current balance of   8,750,000.........  Number........  No................  Yes.
                                  (Current Balance).  the amount sold.
P3.............................  Participation       The original amount of   9,000,000.........  Number........  No................  No.
                                  Purchases           this note that was
                                  (Original Amount).  purchased.
P4.............................  Participation       The current balance of   8,750,000.........  Number........  No................  No.
                                  Purchases           the amount purchased.
                                  (Current Balance).
P5.............................  Purchase            Shows the percentage of  20.000............  Number........  No................  No.
                                  percentage.         the total
                                                      participation loan
                                                      owned by the credit
                                                      union for individual
                                                      loan purchases.
P6.............................  Originating/Lead    Shows the name of the    ABC FCU...........  Text..........  No................  No.
                                  Lender.             originating/lead
                                                      lender in the
                                                      participation.
P7.............................  Sold Percentage...  Identify the percentage  90.999............  Number........  No................  No.
                                                      of total participation
                                                      loan the credit union
                                                      sold.
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                              Table 7--Residential Real Estate Loan Electronic Data Fields
--------------------------------------------------------------------------------------------------------------------------------------------------------
             Number                     Field              Description              Example         Data format   Current NCUA field      ILDR field
--------------------------------------------------------------------------------------------------------------------------------------------------------
Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following:
--------------------------------------------------------------------------------------------------------------------------------------------------------
R1.............................  Property Type.....  Indicate the property    Condo.............  Text..........  No................  No.
                                                      type (e.g., Single,
                                                      Multi, Condominium,
                                                      etc.).
R2.............................  Collateral State..  Post office state code   AZ................  Text..........  No................  No.
                                                      where collateral
                                                      property is located.
R3.............................  Collateral City...  City where collateral    Phoenix...........  Text..........  No................  No.
                                                      property is located.
R4.............................  Collateral County.  County where collateral  Maricopa..........  Text..........  No................  No.
                                                      property is located.
R5.............................  Collateral Zip      Zip code where           85255.............  Number........  No................  No.
                                  Code.               collateral property is
                                                      located.
R6.............................  Property in Flood   Indicator if the         Y.................  Y/N...........  No................  No.
                                  Zone.               collateral securing
                                                      the loan is in a
                                                      designated flood zone.
R7.............................  Draw Period.......  Remaining period of      120...............  Number........  No................  No.
                                                      time (in months) a
                                                      borrower can withdraw
                                                      funds from a credit
                                                      account.

[[Page 50457]]

 
R8.............................  Current Escrow      Amount currently in      2,585.............  Number........  No................  Yes.
                                  Balance.            escrow for payment to
                                                      third parties such as
                                                      insurance and real
                                                      estate taxes. In the
                                                      case of a negative
                                                      escrow balance, report
                                                      the data in this field
                                                      with a minus sign in
                                                      the first character
                                                      position (e.g., -350).
R9.............................  Number of Renewals  Indicate the number of   2.................  Number........  No................  Yes.
                                                      times the loan has
                                                      been renewed.
--------------------------------------------------------------------------------------------------------------------------------------------------------


                                             Table 8--Commercial/Member Business Loan Electronic Data Fields
--------------------------------------------------------------------------------------------------------------------------------------------------------
             Number                     Field              Description              Example         Data format   Current NCUA field      ILDR field
--------------------------------------------------------------------------------------------------------------------------------------------------------
Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following:
--------------------------------------------------------------------------------------------------------------------------------------------------------
CL1............................  Current Loan Risk   Credit union internal    1.................  Text..........  No................  Yes.
                                  Grade Commercial/   risk rating at recent
                                  MBL.                review/evaluation of
                                                      commercial/MBL; Number
                                                      or letter grade
                                                      determined based on
                                                      the level of risk.
CL2............................  Date of Current     Date the most recent     03312017..........  Date..........  No................  Yes.
                                  Loan Risk Grade     internal risk rating
                                  Commercial/MBL.     at recent review/
                                                      evaluation of
                                                      commercial/MBLs.
CL3............................  Debt Service        Debt service coverage    1.05..............  Number........  No................  No.
                                  Coverage Ratio      ratio calculated for
                                  (DSCR).             the loan at
                                                      origination.
CL4............................  Personal guaranty   Identify the level of    Full..............  Text..........  No................  No.
                                  status.             personal guaranty of
                                                      the principals (e.g.,
                                                      full, limited, or
                                                      none).
CL5............................  Environmental       Identify the level of    Phase 1...........  Text..........  No................  No.
                                  Review Level at     environmental review
                                  origination.        at origination (e.g.,
                                                      borrower
                                                      questionnaire, record
                                                      search, phase 1, or
                                                      phase 2).
CL6............................  Environmental       Date of environmental    03312017..........  Date..........  No................  No.
                                  Review Date.        review at origination.
CL7............................  Last Periodic       Date of last periodic/   03312017..........  Date..........  No................  No.
                                  Review.             annual file review.
CL8............................  Property Type.....  Indicate the property    Condo.............  Text..........  No................  No.
                                                      type (e.g., Single,
                                                      Multi, Condominium,
                                                      etc.).
CL9............................  Collateral State..  Post office state code   AZ................  Text..........  No................  No.
                                                      where collateral
                                                      property is located.
CL10...........................  Collateral City...  City where collateral    Phoenix...........  Text..........  No................  No.
                                                      property is located.
CL11...........................  Collateral County.  County where collateral  Maricopa..........  Text..........  No................  No.
                                                      property is located.
CL12...........................  Collateral Zip      Zip code where           85255.............  Number........  No................  No.
                                  Code.               collateral property is
                                                      located.
CL13...........................  Property in Flood   Indicator if the         Y.................  Y/N...........  No................  No.
                                  Zone.               collateral securing
                                                      the loan is in a
                                                      designated flood zone.
CL14...........................  Draw Period.......  Remaining period of      120...............  Number........  No................  No.
                                                      time (in months) a
                                                      borrower can withdraw
                                                      funds from a credit
                                                      account.
CL15...........................  Current Escrow      Amount currently in      2,585.............  Number........  No................  Yes.
                                  Balance.            escrow for payment to
                                                      third parties such as
                                                      insurance and real
                                                      estate taxes. In the
                                                      case of a negative
                                                      escrow balance, report
                                                      the data in this field
                                                      with a minus sign in
                                                      the first character
                                                      position (e.g., -350).
CL16...........................  Policy Exception..  Indicator if the loan    Y.................  Y/N...........  No................  No.
                                                      is an exception to
                                                      policy.
CL17...........................  Number of Renewals  Indicate the number of   2.................  Number........  No................  Yes.
                                                      times the loan has
                                                      been renewed.
CL18...........................  Specific Reserve..  Amount of specific       50,000............  Number........  No................  Yes.
                                                      reserve for loan
                                                      losses on this note
                                                      which is not available
                                                      to offset losses on
                                                      any other loan.
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[[Page 50458]]


                                                      Table 9--Student Loan Electronic Data Fields
--------------------------------------------------------------------------------------------------------------------------------------------------------
             Number                     Name               Description              Example         Data format   Current NCUA field      ILDR field
--------------------------------------------------------------------------------------------------------------------------------------------------------
Includes all fields from Table 4: Consumer and Credit Card Loan Electronic Data Fields and the following:
--------------------------------------------------------------------------------------------------------------------------------------------------------
S1.............................  Time to Repayment.  For deferred loans:      65................  Number........  No................  No.
                                                      Amount of time, in
                                                      months, until
                                                      repayment period
                                                      begins.
S2.............................  Deferred Status...  Indicator if student     Y.................  Y/N...........  No................  No.
                                                      loan is in deferred
                                                      status.
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    By the National Credit Union Administration Board on October 19, 
2017.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2017-23219 Filed 10-30-17; 8:45 am]
BILLING CODE 7535-01-P