Revision of Agency Information Collection of a Previously Approved Collection; Request for Comments, 106605-106606 [2024-31250]
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Federal Register / Vol. 89, No. 249 / Monday, December 30, 2024 / Notices
OSHA will publish a public notice of
the final decision in the Federal
Register.
V. Authority and Signature
James S. Frederick, Deputy Assistant
Secretary of Labor for Occupational
Safety and Health, 200 Constitution
Avenue NW, Washington, DC 20210,
authorized the preparation of this
notice. Accordingly, the agency is
issuing this notice pursuant to 29 U.S.C.
657(g)(2), Secretary of Labor’s Order No.
8–2020 (85 FR 58393; Sept. 18, 2020),
and 29 CFR 1910.7.
Signed at Washington, DC, on December
20, 2024.
James S. Frederick,
Deputy Assistant Secretary of Labor for
Occupational Safety and Health.
[FR Doc. 2024–31342 Filed 12–27–24; 8:45 am]
BILLING CODE 4510–26–P
NATIONAL CREDIT UNION
ADMINISTRATION
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 revision of
currently approved collection to the
Office of Management and Budget
(OMB) for renewal. The revisions are
proposed to take effect with the March
31, 2025, report date.
DATES: Written comments should be
received on or before January 29, 2025
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
3133–0004 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 Call Report Form 2025–Q1.
Rulemakings and Proposals for
Comment: https://ncua.gov/regulation-
ddrumheller on DSK120RN23PROD with NOTICES1
SUMMARY:
23:58 Dec 27, 2024
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 NCUA Form 5300, Call
Report Form and Instructions can be
obtained at the NCUA’s website (https://
ncua.gov/regulation-supervision/
regulatory-reporting/cuonline).
SUPPLEMENTARY INFORMATION:
Revision of Agency Information
Collection of a Previously Approved
Collection; Request for Comments
VerDate Sep<11>2014
supervision/rulemakings-proposalscomment 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: PRAComments@NCUA.gov.
Jkt 265001
OMB Number: 3133–0004.
Title: NCUA Call Report.
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
submit financial reports to the NCUA.
Section 741.5 of the NCUA regulations
describes the method federally insured
credit unions must use to submit this
information to NCUA. Specifically,
credit unions use NCUA Form 5300,
Call Report to file quarterly financial
and statistical data through NCUA’s
online portal, CUOnline. This financial
and statistical information is essential to
NCUA’s supervision of federal credit
unions and the data gathered through
the Form 5300, Call Report facilitates
NCUA’s monitoring of other credit
unions with share accounts insured by
the National Credit Union Share
Insurance Fund (Share Insurance Fund).
Form 5300 Credit Union Call Report—
Proposed Changes and Comments
Received
In the September 16, 2024, notice, the
NCUA proposed revisions to the Form
5300, Call Report including revisions to
Schedule A, Section 4; Schedule C,
Section 4; Schedule D, Section 2; and
Schedule D, Section 3.1 The comment
period for the September 2024 notice
ended on November 15, 2024. The
NCUA received 20 comment letters, 2 of
which did not apply to the actual
information collection.
1 89
PO 00000
FR 75590 (September 16, 2024).
Frm 00200
Fmt 4703
Sfmt 4703
106605
Schedule A, Section 4
The NCUA proposed two additional
accounts for credit unions to report the
year-to-date number and amount of
loans granted to credit union officials
and senior executive staff. Four
commenters objected to reporting the
year-to-date number and amount of
loans granted to credit union officials
and senior executive staff because the
information is included in the Items
Needed List for an examination. These
commenters did not see the benefit of
providing this information quarterly.
After considering these comments, the
NCUA will not proceed with the
proposed changes.
The NCUA proposed to remove two
accounts for credit unions to report
information related to Purchased Credit
Impaired Loans. No comments were
received related to removing these
accounts.
Schedule C, Section 4
The NCUA proposed to remove three
accounts where credit unions
previously reported information related
to FRB Paycheck Protection Program
Lending Facility loans. No comments
were received related to removing these
accounts.
The NCUA also proposed to add an
account for credit unions to report
assets pledged to secure deposits, other
funding arrangements, and other
counterparty requirements. No
comments were received related to
adding this account.
Schedule D, Section 2
The NCUA proposed adding or
changing accounts on Schedule D,
Section 2 as noted in the September 16,
2024, Federal Register Notice. One
commenter objected to adding the
accounts related to non-member term
deposits because this information is
already reported in the same section.
Reporting these deposits in Items 15 and
16 assists the NCUA in monitoring
compliance with NCUA regulations
§ 701.32(b). The NCUA will proceed
with the proposed change.
Schedule D, Section 3
The NCUA proposed adding three
accounts for credit unions to report the
maturity distribution of total uninsured
shares and deposits. Ten commenters
indicated that the instructions needed
more detail to enable credit unions to
determine how to report the maturity
distribution. The NCUA revised the
proposed instructions for Schedule D,
Section 3. The proposed instruction
changes indicate credit unions should
assume the longest maturity term shares
are insured first.
E:\FR\FM\30DEN1.SGM
30DEN1
106606
Federal Register / Vol. 89, No. 249 / Monday, December 30, 2024 / Notices
ddrumheller on DSK120RN23PROD with NOTICES1
One commenter was concerned that
the reporting of the maturity
distribution of uninsured shares
contradicted NCUA regulations
§ 745.200(c), which states that insurance
coverage will be prorated among the
member’s interest in all accounts. The
maturity distribution information
reported on the Form 5300, Call Report
will not be used to determine share
insurance coverage and will be used to
monitor uninsured share behavior.
Shares will be evaluated by NCUA to
determine insurance coverage only
when a credit union fails.
One commenter stated the reason
NCUA provided for adding these
accounts was not sufficient. Regulators
and industry analysts cite uninsured
deposit runoff as a contributing factor in
postmortem assessments of the 2023
banking failures. Uninsured deposits are
not as important to the funding mix for
credit unions as they are for banks;
however, the amount of uninsured
shares has been increasing in the credit
union system. Trends in uninsured
depositor behavior can signal emerging
risks to credit union system stability
and the share insurance fund.
The NCUA already collects total
uninsured deposit information on the
Form 5300, Call Report. The maturity
distribution will enable a more
complete assessment of depositor
behavior at the system and individual
institution levels.
Four commenters were also
concerned that the core processor would
not be able to implement these changes
in time to accurately report for the
March 2025 quarter. While the NCUA
continues to believe the information
obtained will be useful for evaluating
depositor behavior and the movement
between uninsured non-maturity shares
and share certificates, the need for
additional time to develop adequate
reporting systems is understandable. To
provide time for credit unions to work
with their core processors, the NCUA
will not require credit unions to report
the maturity distribution of uninsured
shares in March 2025.
Other Comments Received
The NCUA also received comments
related to the added burden on credit
unions, the requirement to add negative
share accounts to loans, and a
Community Development Financial
Institution (CDFI) designator.
Burden
Seven commenters were concerned
with the increase in burden. Before the
NCUA proposes adding items to the
Form 5300, Call Report, it weighs the
burden on credit unions against the
VerDate Sep<11>2014
23:58 Dec 27, 2024
Jkt 265001
benefit of the information. The NCUA
feels the modest increase in burden is
justified to protect the Share Insurance
Fund and facilitate offsite development
of an examination scope. While the
NCUA understands these concerns, the
agency does not expect these revisions
will result in a material increase in
reporting burden.
Negative Shares Added to Loans
One commenter wanted to eliminate
the requirement to add negative shares
to unsecured loans and to shares. The
NCUA cannot eliminate this
requirement because it is a requirement
of generally accepted accounting
principles.
Community Development Financial
Institution Designator
One commenter suggested that the
NCUA add a designator for credit
unions to self-report as a CDFI. CDFI is
a designation given by the CDFI Fund to
financial institutions that provide
financial services in low-income
communities and to people who lack
access to financing. The NCUA does not
give CDFI designations, therefore the
agency does not maintain a database of
CDFI credit unions. Interested parties
may obtain a list of CDFI credit unions
at the CDFI Fund website—(https://
www.cdfifund.gov/programs-training/
certification/cdfi).
The NCUA will consider adding a
checkbox for credit unions to
voluntarily disclose their CDFI
designation on a future Form 4501A,
Profile. If the NCUA adds a CDFI
designator, the Form 4501A, Profile
would be the appropriate form because
the designation, once reported, would
not need to be changed every quarter.
Affected Public: Private Sector: Notfor-profit institutions.
Estimated Number of Respondents:
4,499.
Estimated Number of Responses per
Respondent: 4.
Estimated Total Annual Responses:
17,996.
Estimated Hours per Response: 4.
Estimated Total Annual Burden
Hours: 71,984.
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
PO 00000
Frm 00201
Fmt 4703
Sfmt 4703
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information, including the validity of
the methodology and assumptions used;
(c) ways to enhance the quality, utility,
and clarity of the information to be
collected; and (d) ways to minimize the
burden of the collection of the
information on the respondents,
including the use of automated
collection techniques or other forms of
information technology.
By the National Credit Union
Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2024–31250 Filed 12–27–24; 8:45 am]
BILLING CODE 7535–01–P
NATIONAL FOUNDATION ON THE
ARTS AND THE HUMANITIES
National Endowment for the Arts
Tribal Consultation
AGENCY:
National Endowment for the
Arts.
ACTION:
Request for comments.
In accordance with the
National Endowment for the Arts (NEA)
tribal consultation policy, the NEA
solicits written comments from federally
recognized tribes.
DATES: Written comments for the
FY2025 Tribal Consultation will be
solicited for a 60-day window or until
March 6, 2025. Comments must be
submitted to the office listed in the
address section below on or before the
close of business on March 6, 2025.
Comments received after that date will
be considered to the extent practicable.
A summary report of the written
comments, NEA responses,
recommendations, and items identified
for follow-up or additional action will
be drafted and distributed via the
Federal Register no later than 30 days
after the closing of the comment period.
Following dissemination of the draft
summary, the record will remain open
for 21 days to allow tribes to submit
written testimony or additional
comments before the report is finalized
and published on the NEA website.
ADDRESSES: Please send comments to
Native Arts Working Group, National
Endowment for the Arts, via email at
NativeArts@arts.gov.
SUPPLEMENTARY INFORMATION: Through
this Request for Comments, the NEA is
seeking input and comments from
elected or appointed tribal leaders and
SUMMARY:
E:\FR\FM\30DEN1.SGM
30DEN1
]]>Agencies
[Federal Register Volume 89, Number 249 (Monday, December 30, 2024)]
[Notices]
[Pages 106605-106606]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-31250]
=======================================================================
-----------------------------------------------------------------------
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
revision of currently approved collection to the Office of Management
and Budget (OMB) for renewal. The revisions are proposed to take effect
with the March 31, 2025, report date.
DATES: Written comments should be received on or before January 29,
2025 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 3133-0004 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 Call Report Form 2025-Q1.
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 NCUA Form 5300, Call Report Form and
Instructions can be obtained at the NCUA's website (https://ncua.gov/regulation-supervision/regulatory-reporting/cuonline).
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0004.
Title: NCUA Call Report.
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 submit financial reports to
the NCUA. Section 741.5 of the NCUA regulations describes the method
federally insured credit unions must use to submit this information to
NCUA. Specifically, credit unions use NCUA Form 5300, Call Report to
file quarterly financial and statistical data through NCUA's online
portal, CUOnline. This financial and statistical information is
essential to NCUA's supervision of federal credit unions and the data
gathered through the Form 5300, Call Report facilitates NCUA's
monitoring of other credit unions with share accounts insured by the
National Credit Union Share Insurance Fund (Share Insurance Fund).
Form 5300 Credit Union Call Report--Proposed Changes and Comments
Received
In the September 16, 2024, notice, the NCUA proposed revisions to
the Form 5300, Call Report including revisions to Schedule A, Section
4; Schedule C, Section 4; Schedule D, Section 2; and Schedule D,
Section 3.\1\ The comment period for the September 2024 notice ended on
November 15, 2024. The NCUA received 20 comment letters, 2 of which did
not apply to the actual information collection.
---------------------------------------------------------------------------
\1\ 89 FR 75590 (September 16, 2024).
---------------------------------------------------------------------------
Schedule A, Section 4
The NCUA proposed two additional accounts for credit unions to
report the year-to-date number and amount of loans granted to credit
union officials and senior executive staff. Four commenters objected to
reporting the year-to-date number and amount of loans granted to credit
union officials and senior executive staff because the information is
included in the Items Needed List for an examination. These commenters
did not see the benefit of providing this information quarterly. After
considering these comments, the NCUA will not proceed with the proposed
changes.
The NCUA proposed to remove two accounts for credit unions to
report information related to Purchased Credit Impaired Loans. No
comments were received related to removing these accounts.
Schedule C, Section 4
The NCUA proposed to remove three accounts where credit unions
previously reported information related to FRB Paycheck Protection
Program Lending Facility loans. No comments were received related to
removing these accounts.
The NCUA also proposed to add an account for credit unions to
report assets pledged to secure deposits, other funding arrangements,
and other counterparty requirements. No comments were received related
to adding this account.
Schedule D, Section 2
The NCUA proposed adding or changing accounts on Schedule D,
Section 2 as noted in the September 16, 2024, Federal Register Notice.
One commenter objected to adding the accounts related to non-member
term deposits because this information is already reported in the same
section. Reporting these deposits in Items 15 and 16 assists the NCUA
in monitoring compliance with NCUA regulations Sec. 701.32(b). The
NCUA will proceed with the proposed change.
Schedule D, Section 3
The NCUA proposed adding three accounts for credit unions to report
the maturity distribution of total uninsured shares and deposits. Ten
commenters indicated that the instructions needed more detail to enable
credit unions to determine how to report the maturity distribution. The
NCUA revised the proposed instructions for Schedule D, Section 3. The
proposed instruction changes indicate credit unions should assume the
longest maturity term shares are insured first.
[[Page 106606]]
One commenter was concerned that the reporting of the maturity
distribution of uninsured shares contradicted NCUA regulations Sec.
745.200(c), which states that insurance coverage will be prorated among
the member's interest in all accounts. The maturity distribution
information reported on the Form 5300, Call Report will not be used to
determine share insurance coverage and will be used to monitor
uninsured share behavior. Shares will be evaluated by NCUA to determine
insurance coverage only when a credit union fails.
One commenter stated the reason NCUA provided for adding these
accounts was not sufficient. Regulators and industry analysts cite
uninsured deposit runoff as a contributing factor in postmortem
assessments of the 2023 banking failures. Uninsured deposits are not as
important to the funding mix for credit unions as they are for banks;
however, the amount of uninsured shares has been increasing in the
credit union system. Trends in uninsured depositor behavior can signal
emerging risks to credit union system stability and the share insurance
fund.
The NCUA already collects total uninsured deposit information on
the Form 5300, Call Report. The maturity distribution will enable a
more complete assessment of depositor behavior at the system and
individual institution levels.
Four commenters were also concerned that the core processor would
not be able to implement these changes in time to accurately report for
the March 2025 quarter. While the NCUA continues to believe the
information obtained will be useful for evaluating depositor behavior
and the movement between uninsured non-maturity shares and share
certificates, the need for additional time to develop adequate
reporting systems is understandable. To provide time for credit unions
to work with their core processors, the NCUA will not require credit
unions to report the maturity distribution of uninsured shares in March
2025.
Other Comments Received
The NCUA also received comments related to the added burden on
credit unions, the requirement to add negative share accounts to loans,
and a Community Development Financial Institution (CDFI) designator.
Burden
Seven commenters were concerned with the increase in burden. Before
the NCUA proposes adding items to the Form 5300, Call Report, it weighs
the burden on credit unions against the benefit of the information. The
NCUA feels the modest increase in burden is justified to protect the
Share Insurance Fund and facilitate offsite development of an
examination scope. While the NCUA understands these concerns, the
agency does not expect these revisions will result in a material
increase in reporting burden.
Negative Shares Added to Loans
One commenter wanted to eliminate the requirement to add negative
shares to unsecured loans and to shares. The NCUA cannot eliminate this
requirement because it is a requirement of generally accepted
accounting principles.
Community Development Financial Institution Designator
One commenter suggested that the NCUA add a designator for credit
unions to self-report as a CDFI. CDFI is a designation given by the
CDFI Fund to financial institutions that provide financial services in
low-income communities and to people who lack access to financing. The
NCUA does not give CDFI designations, therefore the agency does not
maintain a database of CDFI credit unions. Interested parties may
obtain a list of CDFI credit unions at the CDFI Fund website--(https://www.cdfifund.gov/programs-training/certification/cdfi).
The NCUA will consider adding a checkbox for credit unions to
voluntarily disclose their CDFI designation on a future Form 4501A,
Profile. If the NCUA adds a CDFI designator, the Form 4501A, Profile
would be the appropriate form because the designation, once reported,
would not need to be changed every quarter.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 4,499.
Estimated Number of Responses per Respondent: 4.
Estimated Total Annual Responses: 17,996.
Estimated Hours per Response: 4.
Estimated Total Annual Burden Hours: 71,984.
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 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. 2024-31250 Filed 12-27-24; 8:45 am]
BILLING CODE 7535-01-P
