Revision of Agency Information Collection of a Previously Approved Collection; Request for Comments, 83909-83911 [2024-24092]
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Federal Register / Vol. 89, No. 202 / Friday, October 18, 2024 / Notices
planning to attend the meeting should
contact Ebony Davis, Data Users
Advisory Committee, at Davis.Ebony@
bls.gov. Any questions about the
meeting should be addressed to Mrs.
Davis. Individuals who require special
accommodations should contact Mrs.
Davis at least two days prior to the
meeting date.
Signed at Washington, DC, this 15th day of
October 2024.
Leslie Bennett,
Chief, Division of Management Systems.
[FR Doc. 2024–24161 Filed 10–17–24; 8:45 am]
BILLING CODE 4510–24–P
NATIONAL CREDIT UNION
ADMINISTRATION
Revision of Agency Information
Collection of a Previously Approved
Collection; Request for Comments
National Credit Union
Administration (NCUA).
ACTION: Notice of submission to the
Office of Management and Budget.
AGENCY:
As required by the Paperwork
Reduction Act of 1995, the National
Credit Union Administration (NCUA) is
submitting the following extensions and
revisions of currently approved
collections to the Office of Management
and Budget (OMB) for renewal. The
revisions are proposed to take effect
with the December 31, 2024 report date.
DATES: Written comments should be
received on or before November 18,
2024 to be assured consideration.
ADDRESSES: You may submit written
comments on the information collection
by any of the following methods
identified by the OMB Control Number
3133–0204 or by Document Number
(Please send comments by one method
only):
Federal Register Portal: https://
www.federalregister.gov Find this
information collection by searching for
‘‘National Credit Union
Administration’’, then selecting ‘‘Past 90
days’’, and scrolling through the list of
documents.
Regulations.gov: https://
www.regulations.gov/
search?filter=ncua. Find this
information collection by scrolling
through the search results and looking
for Profile Form 2024–Q4.
Rulemakings and Proposals for
Comment: https://ncua.gov/regulationsupervision/rulemakings-proposalscomment. NCUA will post a link to the
regulations.gov web page where you can
submit a comment by selecting
Comment.
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SUMMARY:
VerDate Sep<11>2014
16:48 Oct 17, 2024
Jkt 265001
Mail: 1775 Duke Street, Suite 5067,
Alexandria, Virginia 22314.
Fax: 703–519–8161.
Email: PRAComments@NCUA.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submission may be
obtained by contacting Dacia Rogers at
(703) 518–6547, emailing
PRAComments@ncua.gov, or viewing
the entire information collection request
at www.reginfo.gov. Enhanced content is
also available from the Notice on the
Federal Register website
(www.federalregister.gov). In addition,
copies of the Profile Form and
Instructions can be obtained at the
NCUA’s website (https://ncua.gov/
regulation-supervision/regulatoryreporting/cuonline).
SUPPLEMENTARY INFORMATION:
OMB Number: 3133–0204.
Title: NCUA Profile—NCUA Form
4501A.
Type of Review: Revision of a
currently approved collection.
Abstract: Sections 106 and 202 of the
Federal Credit Union Act require
federally insured credit unions to make
financial reports to the NCUA. Section
741.6 requires insured credit unions to
submit a Credit Union Profile (NCUA
Form 4501A) and update the Profile
within 10 days of election or
appointment of senior management or
volunteer officials or 30 days of other
changes in Program information. The
NCUA website further directs credit
unions to review and certify their
Profiles every Call Report cycle. Credit
union information collected through the
Profile is essential to the NCUA
supervision of federal credit unions and
facilitates the NCUA monitoring of other
credit unions with share accounts
insured by the National Credit Union
Share Insurance Fund (NCUSIF).
Form 4501A Credit Union Profile—
Proposed Changes and Comments
Received
In the July 26, 2024 notice,1 the
NCUA proposed revisions to the Profile
(Form 4501A) including revisions to the
General Information, Contacts & Roles,
Sites, Payment Systems Service
Provider Information, Information
Technology, Grants, and Merger Partner
Registry tabs. The comment period for
the July 2024 notice ended on
September 24, 2024. The NCUA
received ten comment letters, four of
which were irrelevant or did not apply
to the actual information collection.
General Information Tab
The NCUA proposed to collect the
name of the credit union’s anti-money
1 89
PO 00000
FR 60662 (July 26, 2024).
Frm 00084
Fmt 4703
Sfmt 4703
83909
laundering (AML) monitoring system
and separated the question relating to
the credit union’s field of membership
from the Minority Depository Institution
(MDI) question relating to current
members. The NCUA also updated the
instructions for the General Information
tab to reflect these changes.
Two commenters objected to the
reporting of the name of the credit
union’s automated AML monitoring
system because the information can be
collected during an examination. Three
commenters objected to the public
release of this information.
The NCUA concedes this information
can be obtained during an examination.
However, if the NCUA had this
information beforehand, it would enable
the agency to align the assigned
examiner’s skillset when reviewing the
AML monitoring system with the credit
union’s program. The NCUA can also
tailor their training programs to address
specific AML monitoring systems.
As with all information on the Profile,
the AML monitoring system must be
disclosed only once, then would be prepopulated every quarter. Unless the
monitoring system changes, the credit
union would not need to report this
every quarter. Also, as discussed in the
Other Comments Received section,
system information collected on the
Profile will not be publicly released.
After consideration of these comments,
the NCUA will proceed with the
proposed changes.
Contacts & Roles Tab
The NCUA proposed to add indicators
for the email address that officials want
to use to receive confidential credit
union correspondence. The NCUA also
updated the instructions for the Contact
& Roles tab to reflect this change.
One commenter objected to receiving
confidential correspondence via email.
The NCUA revised the Profile and
changed the indicators to the preferred
email address. The NCUA also updated
the instructions to reflect this change.
Credit unions can use one of the
checkboxes to indicate the official’s
preferred email address. Although the
NCUA’s Secure File Transfer Portal
(SFTP) may be used to share
confidential correspondence, when the
NCUA or the state supervisory authority
shares confidential or other types of
correspondence using the SFTP, the
recipient receives an email notifying
them that items are available in the
SFTP. Asking the credit union to
identify the official’s preferred email
address will ensure the NCUA is
contacting the official using the
preferred method. Besides this
comment, the NCUA did not receive any
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83910
Federal Register / Vol. 89, No. 202 / Friday, October 18, 2024 / Notices
comments and will proceed with these
changes.
these changes were received, so the
NCUA will proceed with these changes.
public to advise of open comment
periods and encourage public input.
Sites Tab
Merger Partner Registry Tab
The NCUA proposed adding an item
for MDIs to express interest in being
considered an MDI merger partner. One
commenter asked why the NCUA needs
this information and how it will be
used.
The NCUA strives to preserve MDI
credit unions and will use this
information to identify merger partners
for MDIs. The NCUA can preserve the
MDI status by merging MDIs. As a
group, MDI credit unions work to offer
safe, fair, and affordable financial
services to individuals and communities
that may otherwise lack access to them.
In doing so, MDI credit unions help
their members build greater financial
security and help address historical
inequities in the financial system. After
considering this comment, the NCUA
will proceed with these changes.
Confidentiality and Security
Three commenters expressed a
concern with the collection of vendor,
product, or system information. These
commenters noted this information
would be publicly available.
Information required to be submitted to
the NCUA in response to a field marked
as non-public will be treated as
commercial confidential financial
information if it meets the requirements
in 12 CFR part 792.
One of these commenters was
concerned with the security measures—
such as encryption, access controls, and
secure storage—the NCUA will employ
to ensure this information is not
disclosed to unauthorized parties. To
protect all sensitive data collected from
credit unions, the NCUA employs
industry standards such as 256-bit
encryption, stringent access control
protocols, multi-factor authentication,
and secure isolated storage solutions
compliant with National Institute of
Standards and Technology guidelines.
Collecting vendor, product, and
system information on the Profile helps
the NCUA properly scope examination
and supervision contacts, proactively
identify credit unions impacted by
events (for example, cyber incidents)
and perform data analysis across the
industry. Cyber criminals, foreign
adversaries, and money launderers
continue to exploit vulnerabilities
identified across U.S. critical
infrastructure sectors.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Number of Respondents:
4,572.
Estimated Number of Responses per
Respondent: 4.
Estimated Total Annual Responses:
18,848.
Estimated Hours per Response: 2.
Estimated Total Annual Burden
Hours: 36,576.
Reason for Change: Burden decreased
due to a decrease in the number of
respondents.
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 collection of
The NCUA proposed adding an
indicator for credit unions that operate
exclusively online and adding
Interactive Teller Machines (ITM) to the
Public Site Functions. The NCUA also
updated the instructions for the Sites
tab to reflect these changes. No
comments related to these changes were
received, so the NCUA will proceed
with these changes.
Payment System Service Provider
Information Tab
The NCUA proposed adding,
removing, or relocating items as noted
in the July 26, 2024, Federal Register
Notice. One commenter objected to the
NCUA extending the timeframe for
reporting planned operational changes
to 24 months. Since some credit unions
are eligible for an extended exam cycle
of up to 20 months, the NCUA believes
the extension to 24 months will enable
exam staff to monitor operations
without an onsite presence.
Besides this comment and the
concerns with reporting vendor and
product information, which are
discussed in the Other Comments
Received section, the NCUA did not
receive any comments and will proceed
with these changes.
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Information Technology Tab
The NCUA proposed adding,
removing, or relocating items as noted
in the July 26, 2024, Federal Register
Notice. The NCUA identified Remote
Deposit Capture was being reported in
Item 5 on the Information Technology
tab and on the Payment Systems Service
Providers tab. The item and related
instructions were removed from the
Information Technology tab.
One commenter objected to the NCUA
extending the timeframe for reporting
planned operational changes to 24
months. Since some credit unions are
eligible for an extended exam cycle of
up to 20 months, the NCUA believes the
extension to 24 months will enable
exam staff to monitor operations
without an onsite presence.
Besides this comment and the
concerns with reporting vendor and
product information, which are
discussed in the Other Comments
Received section, the NCUA did not
receive any comments and will proceed
with these changes.
Grants Tab
The NCUA proposed removing the
Grants tab. No comments related to
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16:48 Oct 17, 2024
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Other Comments Received
The NCUA also received comments
related to the added burden on credit
unions, adherence to the Administrative
Procedure Act, and the confidentiality
and security of vendor, product, or
system information.
Burden
Two commenters were concerned
with the increase in burden. While we
understand these concerns, we do not
expect these revisions will result in a
material increase in reporting burden.
The information needed to complete the
new questions is readily available and,
as with all information on the Profile,
the information must be reported only
once and will then be pre-populated
every quarter. Unless the information
changes, the credit union will not need
to report it every quarter. Also, these
new items will improve our off-site
monitoring, which will reduce the
burden of on-site examinations.
Administrative Procedure Act
The NCUA agrees on the importance
of following the Administrative
Procedure Act when it applies and in
providing opportunities for input and
transparency even when it does not. The
NCUA does not believe any of the
proposed changes require notice and
comment under the Administrative
Procedure Act, and the commenter did
not specifically identify any items that
it believes would have required this
process. Nonetheless, the NCUA has
increased the transparency of the Call
Report and Profile update processes by
publishing notifications to the NCUA
website and sending emails to the
PO 00000
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Federal Register / Vol. 89, No. 202 / Friday, October 18, 2024 / Notices
information, including the validity of
the methodology and assumptions used;
(c) ways to enhance the quality, utility,
and clarity of the information to be
collected; and (d) ways to minimize the
burden of the collection of the
information on the respondents,
including the use of automated
collection techniques or other forms of
information technology.
By the National Credit Union
Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2024–24092 Filed 10–17–24; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL SCIENCE FOUNDATION
Advisory Committee for International
Science and Engineering; Notice of
Meeting
In accordance with the Federal
Advisory Committee Act (Pub. L. 92–
463, as amended), the National Science
Foundation (NSF) announces the
following meeting:
Name and Committee Code: Advisory
Committee for International Science and
Engineering (25104).
Date and Time: November 13, 2024;
10 a.m.–4 p.m. (Eastern).
Place: NSF, 2415 Eisenhower Avenue,
Alexandria, VA 22314 (Virtual).
To attend the virtual meeting, all
visitors must register at least 48 hours
prior to the meeting at the following
Zoom link:
khammond on DSKJM1Z7X2PROD with NOTICES
https://nsf.zoomgov.com/webinar/
register/WN_hunGxVDLSCmsKxtzwZ0Lw
Webinar ID: 161 334 4374; Passcode:
205871
The final agenda for the meeting will
be posted on the OISE Advisory
Committee website at: https://
www.nsf.gov/od/oise/advisory.jsp.
Type of Meeting: Open.
Contact Persons: Elena Hillenburg,
National Science Foundation, 2415
Eisenhower Avenue, Alexandria, VA
22314; Telephone: 703–292–2993.
Summary of Minutes: Minutes and
meeting materials will be available on
the OISE Advisory Committee website
at https://www.nsf.gov/od/oise/
advisory.jsp or can be obtained from the
contact person listed above.
Purpose of Meeting: To provide
advice, recommendations and counsel
on major goals and policies pertaining
to international science and engineering
programs and activities.
VerDate Sep<11>2014
16:48 Oct 17, 2024
Jkt 265001
Agenda
November 13, 2024; 10 a.m.–4 p.m.
10:00 a.m.–10:15 a.m. Call to Order,
Opening Remarks, Introductions
10:15 a.m.–10:45 a.m. OISE Remarks;
COI Briefing, OISE Overview
10:45 a.m.–11:30 a.m. Countries &
Regions, Programs & Analysis,
Multilateral Collaborations
11:30 a.m.–12:00 p.m. Lunch Break
12:00 p.m.–12:15 p.m. Global Centers
12:15 p.m.–12:30 p.m. IMPRESS–U
12:30 p.m.–12:45 p.m. AI–ENGAGE
12:45 p.m.–1:00 p.m. Break/Focus Time
1:00 p.m.–1:45 p.m. Subcommittee
Formation
1:45 p.m.–2:00 p.m. Break/Focus Time
2:00 p.m.–2:45 p.m. Preparation for
Meeting with NSF Chief Science
Officer
2:45 p.m.–3:15 p.m. Meeting with NSF
Chief Science Officer
3:15 p.m.–4:00 p.m. Final Discussion,
Next AC Scheduling & Planning
4:00 p.m. Adjourn
[FR Doc. 2024–24060 Filed 10–17–24; 8:45 am]
BILLING CODE 7555–01–P
NATIONAL SCIENCE FOUNDATION
Sunshine Act Meetings
The National Science Board hereby
gives notice of the scheduling of a
teleconference of the National Science
Board/National Science Foundation
Commission on Merit Review (MRX) for
the transaction of National Science
Board business pursuant to the NSF Act
and the Government in the Sunshine
Act.
TIME AND DATE: The MRX meeting is
scheduled for Monday, October 21,
2024, from 4 p.m.–6 p.m. EDT. The
open portion will be from 4–4:30 p.m.;
the closed portion will be from 4:30–6
p.m.
PLACE: This meeting will be via
videoconference through the National
Science Foundation, 2415 Eisenhower
Avenue, Alexandria, VA 22314.
STATUS: One portion open, and one
portion closed.
MATTERS TO BE CONSIDERED: The MRX
will consider different matters in the
open and closed portions of the
meeting, as noted below.
PORTIONS OPEN TO THE PUBLIC: The open
agenda is: Commission Chair’s remarks;
Review of Commission Activity and
Outline of Certain Preliminary
Suggestions.
PORTIONS CLOSED TO THE PUBLIC: The
closed agenda is: Commission Chair’s
Frm 00086
Fmt 4703
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remarks regarding the agenda; Remarks
from Kei Koizumi, White House Office
of Science and Technology Policy,
Principal Deputy Director for Science,
Society, and Policy; Discussion of
Preliminary Suggestions; and Closing
Remarks.
CONTACT PERSON FOR MORE INFORMATION:
Point of contact for this meeting is:
Chris Blair, cblair@nsf.gov, 703/292–
7000. Meeting information and updates
may be found at www.nsf.gov/nsb.
Ann Bushmiller,
Senior Counsel to the National Science Board.
[FR Doc. 2024–24230 Filed 10–16–24; 4:15 pm]
BILLING CODE 7555–01–P
NUCLEAR REGULATORY
COMMISSION
[NRC–2024–0001]
Sunshine Act Meetings
Weeks of October 21, 28,
and November 4, 11, 18, 25, 2024. The
schedule for Commission meetings is
subject to change on short notice. The
NRC Commission Meeting Schedule can
be found on the internet at: https://
www.nrc.gov/public-involve/publicmeetings/schedule.html.
PLACE: The NRC provides reasonable
accommodation to individuals with
disabilities where appropriate. If you
need a reasonable accommodation to
participate in these public meetings or
need this meeting notice or the
transcript or other information from the
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Silk, NRC Disability Program Specialist,
at 301–287–0745, by videophone at
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requests for reasonable accommodation
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STATUS: Public.
Members of the public may request to
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Samantha.Miklaszewski@nrc.gov.
MATTERS TO BE CONSIDERED:
TIME AND DATE:
Dated: October 11, 2024.
Crystal Robinson,
Committee Management Officer.
PO 00000
83911
Week of October 21, 2024
There are no meetings scheduled for
the week of October 21, 2024.
Week of October 28, 2024—Tentative
Wednesday, October 30, 2024
1:00 p.m. Today and Tomorrow Across
Region II Business Lines (Public
E:\FR\FM\18OCN1.SGM
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Agencies
[Federal Register Volume 89, Number 202 (Friday, October 18, 2024)]
[Notices]
[Pages 83909-83911]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-24092]
=======================================================================
-----------------------------------------------------------------------
NATIONAL CREDIT UNION ADMINISTRATION
Revision of Agency Information Collection of a Previously
Approved Collection; Request for Comments
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice of submission to the Office of Management and Budget.
-----------------------------------------------------------------------
SUMMARY: As required by the Paperwork Reduction Act of 1995, the
National Credit Union Administration (NCUA) is submitting the following
extensions and revisions of currently approved collections to the
Office of Management and Budget (OMB) for renewal. The revisions are
proposed to take effect with the December 31, 2024 report date.
DATES: Written comments should be received on or before November 18,
2024 to be assured consideration.
ADDRESSES: You may submit written comments on the information
collection by any of the following methods identified by the OMB
Control Number 3133-0204 or by Document Number (Please send comments by
one method only):
Federal Register Portal: https://www.federalregister.gov Find this
information collection by searching for ``National Credit Union
Administration'', then selecting ``Past 90 days'', and scrolling
through the list of documents.
Regulations.gov: https://www.regulations.gov/search?filter=ncua.
Find this information collection by scrolling through the search
results and looking for Profile Form 2024-Q4.
Rulemakings and Proposals for Comment: https://ncua.gov/regulation-supervision/rulemakings-proposals-comment. NCUA will post a link to the
regulations.gov web page where you can submit a comment by selecting
Comment.
Mail: 1775 Duke Street, Suite 5067, Alexandria, Virginia 22314.
Fax: 703-519-8161.
Email: [email protected].
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be
obtained by contacting Dacia Rogers at (703) 518-6547, emailing
[email protected], or viewing the entire information collection
request at www.reginfo.gov. Enhanced content is also available from the
Notice on the Federal Register website (www.federalregister.gov). In
addition, copies of the Profile Form and Instructions can be obtained
at the NCUA's website (https://ncua.gov/regulation-supervision/regulatory-reporting/cuonline).
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0204.
Title: NCUA Profile--NCUA Form 4501A.
Type of Review: Revision of a currently approved collection.
Abstract: Sections 106 and 202 of the Federal Credit Union Act
require federally insured credit unions to make financial reports to
the NCUA. Section 741.6 requires insured credit unions to submit a
Credit Union Profile (NCUA Form 4501A) and update the Profile within 10
days of election or appointment of senior management or volunteer
officials or 30 days of other changes in Program information. The NCUA
website further directs credit unions to review and certify their
Profiles every Call Report cycle. Credit union information collected
through the Profile is essential to the NCUA supervision of federal
credit unions and facilitates the NCUA monitoring of other credit
unions with share accounts insured by the National Credit Union Share
Insurance Fund (NCUSIF).
Form 4501A Credit Union Profile--Proposed Changes and Comments Received
In the July 26, 2024 notice,\1\ the NCUA proposed revisions to the
Profile (Form 4501A) including revisions to the General Information,
Contacts & Roles, Sites, Payment Systems Service Provider Information,
Information Technology, Grants, and Merger Partner Registry tabs. The
comment period for the July 2024 notice ended on September 24, 2024.
The NCUA received ten comment letters, four of which were irrelevant or
did not apply to the actual information collection.
---------------------------------------------------------------------------
\1\ 89 FR 60662 (July 26, 2024).
---------------------------------------------------------------------------
General Information Tab
The NCUA proposed to collect the name of the credit union's anti-
money laundering (AML) monitoring system and separated the question
relating to the credit union's field of membership from the Minority
Depository Institution (MDI) question relating to current members. The
NCUA also updated the instructions for the General Information tab to
reflect these changes.
Two commenters objected to the reporting of the name of the credit
union's automated AML monitoring system because the information can be
collected during an examination. Three commenters objected to the
public release of this information.
The NCUA concedes this information can be obtained during an
examination. However, if the NCUA had this information beforehand, it
would enable the agency to align the assigned examiner's skillset when
reviewing the AML monitoring system with the credit union's program.
The NCUA can also tailor their training programs to address specific
AML monitoring systems.
As with all information on the Profile, the AML monitoring system
must be disclosed only once, then would be pre-populated every quarter.
Unless the monitoring system changes, the credit union would not need
to report this every quarter. Also, as discussed in the Other Comments
Received section, system information collected on the Profile will not
be publicly released. After consideration of these comments, the NCUA
will proceed with the proposed changes.
Contacts & Roles Tab
The NCUA proposed to add indicators for the email address that
officials want to use to receive confidential credit union
correspondence. The NCUA also updated the instructions for the Contact
& Roles tab to reflect this change.
One commenter objected to receiving confidential correspondence via
email. The NCUA revised the Profile and changed the indicators to the
preferred email address. The NCUA also updated the instructions to
reflect this change. Credit unions can use one of the checkboxes to
indicate the official's preferred email address. Although the NCUA's
Secure File Transfer Portal (SFTP) may be used to share confidential
correspondence, when the NCUA or the state supervisory authority shares
confidential or other types of correspondence using the SFTP, the
recipient receives an email notifying them that items are available in
the SFTP. Asking the credit union to identify the official's preferred
email address will ensure the NCUA is contacting the official using the
preferred method. Besides this comment, the NCUA did not receive any
[[Page 83910]]
comments and will proceed with these changes.
Sites Tab
The NCUA proposed adding an indicator for credit unions that
operate exclusively online and adding Interactive Teller Machines (ITM)
to the Public Site Functions. The NCUA also updated the instructions
for the Sites tab to reflect these changes. No comments related to
these changes were received, so the NCUA will proceed with these
changes.
Payment System Service Provider Information Tab
The NCUA proposed adding, removing, or relocating items as noted in
the July 26, 2024, Federal Register Notice. One commenter objected to
the NCUA extending the timeframe for reporting planned operational
changes to 24 months. Since some credit unions are eligible for an
extended exam cycle of up to 20 months, the NCUA believes the extension
to 24 months will enable exam staff to monitor operations without an
onsite presence.
Besides this comment and the concerns with reporting vendor and
product information, which are discussed in the Other Comments Received
section, the NCUA did not receive any comments and will proceed with
these changes.
Information Technology Tab
The NCUA proposed adding, removing, or relocating items as noted in
the July 26, 2024, Federal Register Notice. The NCUA identified Remote
Deposit Capture was being reported in Item 5 on the Information
Technology tab and on the Payment Systems Service Providers tab. The
item and related instructions were removed from the Information
Technology tab.
One commenter objected to the NCUA extending the timeframe for
reporting planned operational changes to 24 months. Since some credit
unions are eligible for an extended exam cycle of up to 20 months, the
NCUA believes the extension to 24 months will enable exam staff to
monitor operations without an onsite presence.
Besides this comment and the concerns with reporting vendor and
product information, which are discussed in the Other Comments Received
section, the NCUA did not receive any comments and will proceed with
these changes.
Grants Tab
The NCUA proposed removing the Grants tab. No comments related to
these changes were received, so the NCUA will proceed with these
changes.
Merger Partner Registry Tab
The NCUA proposed adding an item for MDIs to express interest in
being considered an MDI merger partner. One commenter asked why the
NCUA needs this information and how it will be used.
The NCUA strives to preserve MDI credit unions and will use this
information to identify merger partners for MDIs. The NCUA can preserve
the MDI status by merging MDIs. As a group, MDI credit unions work to
offer safe, fair, and affordable financial services to individuals and
communities that may otherwise lack access to them. In doing so, MDI
credit unions help their members build greater financial security and
help address historical inequities in the financial system. After
considering this comment, the NCUA will proceed with these changes.
Other Comments Received
The NCUA also received comments related to the added burden on
credit unions, adherence to the Administrative Procedure Act, and the
confidentiality and security of vendor, product, or system information.
Burden
Two commenters were concerned with the increase in burden. While we
understand these concerns, we do not expect these revisions will result
in a material increase in reporting burden. The information needed to
complete the new questions is readily available and, as with all
information on the Profile, the information must be reported only once
and will then be pre-populated every quarter. Unless the information
changes, the credit union will not need to report it every quarter.
Also, these new items will improve our off-site monitoring, which will
reduce the burden of on-site examinations.
Administrative Procedure Act
The NCUA agrees on the importance of following the Administrative
Procedure Act when it applies and in providing opportunities for input
and transparency even when it does not. The NCUA does not believe any
of the proposed changes require notice and comment under the
Administrative Procedure Act, and the commenter did not specifically
identify any items that it believes would have required this process.
Nonetheless, the NCUA has increased the transparency of the Call Report
and Profile update processes by publishing notifications to the NCUA
website and sending emails to the public to advise of open comment
periods and encourage public input.
Confidentiality and Security
Three commenters expressed a concern with the collection of vendor,
product, or system information. These commenters noted this information
would be publicly available. Information required to be submitted to
the NCUA in response to a field marked as non-public will be treated as
commercial confidential financial information if it meets the
requirements in 12 CFR part 792.
One of these commenters was concerned with the security measures--
such as encryption, access controls, and secure storage--the NCUA will
employ to ensure this information is not disclosed to unauthorized
parties. To protect all sensitive data collected from credit unions,
the NCUA employs industry standards such as 256-bit encryption,
stringent access control protocols, multi-factor authentication, and
secure isolated storage solutions compliant with National Institute of
Standards and Technology guidelines.
Collecting vendor, product, and system information on the Profile
helps the NCUA properly scope examination and supervision contacts,
proactively identify credit unions impacted by events (for example,
cyber incidents) and perform data analysis across the industry. Cyber
criminals, foreign adversaries, and money launderers continue to
exploit vulnerabilities identified across U.S. critical infrastructure
sectors.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 4,572.
Estimated Number of Responses per Respondent: 4.
Estimated Total Annual Responses: 18,848.
Estimated Hours per Response: 2.
Estimated Total Annual Burden Hours: 36,576.
Reason for Change: Burden decreased due to a decrease in the number
of respondents.
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 collection of
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information, including the validity of the methodology and assumptions
used; (c) ways to enhance the quality, utility, and clarity of the
information to be collected; and (d) ways to minimize the burden of the
collection of the information on the respondents, including the use of
automated collection techniques or other forms of information
technology.
By the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2024-24092 Filed 10-17-24; 8:45 am]
BILLING CODE 7535-01-P