Revisions to NCUA Call Reports

Forms and Documents

Document Name	Status
Form NCUA-5300 Revisions to NCUA Call Reports Form	Modified
FINAL 0004 Proposal with Snapshots of Profile.docx Supplementary Document	2008-12-30
FINAL 0004 Profile Form.xls Supplementary Document	2008-12-30
REVISED July 2009_OMB Justification.docx Supporting Statement A	2009-08-02

IC Document Collections

IC ID	Document Title	Status
32672	Revisions to NCUA Call Reports Form	Modified

ICR Details

OMB Control No: 3133-0004	ICR Reference No: 200812-3133-001
Status: Historical Active	Previous ICR Reference No: 200511-3133-001
Agency/Subagency: NCUA	Agency Tracking No:
Title: Revisions to NCUA Call Reports
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 08/19/2009
	Date Received in OIRA: 12/30/2008
Terms of Clearance: Supporting statement modified to better account for burden reduction.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2012	36 Months From Approved	08/31/2009
Responses	32,196	0	35,484
Time Burden (Hours)	212,494	0	234,194
Cost Burden (Dollars)	5,707,707	0	5,548,000

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Abstract: The financial and statistical information is essential to NCUA in carrying out its responsibility for supervising federal credit unions. The information also enables NCUA to monitor all federally insured credit union whose share accounts are insured by the National Credit Union Share Insurance Fund (NCUSIF).

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Authorizing Statute(s): US Code: 12 USC 1756 Name of Law: Reports and examinations
   US Code: 12 USC 1782 Name of Law: Administration of insurance fund
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 50645	08/27/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 76063	12/15/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Revisions to NCUA Call Reports	Sept 09 5300 form, NCUA-5300	Draft March 09 5300 form ,   Sept 09 5300 form mock-up

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	32,196	35,484	0	0	-3,288	0
Annual Time Burden (Hours)	212,494	234,194	0	0	-21,700	0
Annual Cost Burden (Dollars)	5,707,707	5,548,000	0	0	159,707	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Many of the changes made to the form for March 2009 are related to improving NCUA's ability to track important assets such as mortgages especially when these types of loans become delinquent or the terms are modified. December 2008's 5300 form had changes as well that were required (temporary increase on federal insurance per eligible credit union accounts) as the result of new legislation passed by the U.S. Congress related to the insurance. Due to the significant decline in the U.S. economic credit markets in the Fall of 2008, the U.S. Congress passed H.R. 1424. Section 136 of this legislation made all eligible share accounts temporarily inusred up to $250,000 each through December 31, 2009. However, this new legislation does not allow NCUA to use the higher insured share base of each Federally Insured Credit Union to assess the annual operating fee premium in 2009. NCUA uses the operating fee to fund its budget. NCUA is still required to count all shares over 4100,000 per eligible account as uninsured. Therefore, NCUA had to add 14 new accounts to accurately track all share categories exceeding $250,000 for the strict purposes of any potential payouts for credit unions liquidating. A decrease of 21,700 hours from the last (2005) submission is noted as an adjustment due to a decrease in the number of credit unions completing Form 5300 from 8,871 to 8,049.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/30/2008

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