Notice2025-13627
Renewal of Agency Information Collection of a Previously Approved Collection; Request for Comments
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 21, 2025
Issuing agencies
National Credit Union Administration
Abstract
As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following extensions of currently approved collections to the Office of Management and Budget (OMB) for renewal.
Full Text
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<title>Federal Register, Volume 90 Issue 137 (Monday, July 21, 2025)</title>
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[Federal Register Volume 90, Number 137 (Monday, July 21, 2025)]
[Notices]
[Pages 34300-34301]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-13627]
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NATIONAL CREDIT UNION ADMINISTRATION
Renewal 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.
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SUMMARY: As required by the Paperwork Reduction Act of 1995, The
National Credit Union Administration (NCUA) is submitting the following
extensions of currently approved collections to the Office of
Management and Budget (OMB) for renewal.
DATES: Written comments should be received on or before August 20, 2025
to be assured consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be
obtained by contacting Dacia Rogers at (703) 518-6547, emailing
<a href="/cdn-cgi/l/email-protection#d181839092bebcbcb4bfa5a291bfb2a4b0ffb6bea7"><span class="__cf_email__" data-cfemail="19494b585a7674747c776d6a59777a6c78377e766f">[email protected]</span></a>, or viewing the entire information collection
request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
[[Page 34301]]
OMB Number: 3133-0209.
Title: NCUA Template--Large Credit Union Data Collection.
Type of Review: Extension of a previously approved collection.
Abstract: The NCUA issued regulation under 12 CFR part 702, subpart
C, ``Capital Planning and Stress Testing'' regarding capital planning
and stress testing for federally insured credit unions with $10 billion
or more in assets and supervised by Office of National Examinations and
Supervision (covered credit unions). The rule authorizes covered credit
unions to conduct stress tests in accordance with the NCUA's
requirements. Section Sec. 702.306 provides for the necessary
requirements for those credit unions to conduct supervisory stress
tests. The ``NCUA Template--Large Credit Union Data Collection'' was
developed for the credit unions to provide NCUA with the specific data
needed to evaluate their internal assessments of capital adequacy and
to ensure their capital resources are sufficient.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 37.
Estimated Number of Responses per Respondent: 4.405405405.
Estimated Total Annual Responses: 163.
Estimated Hours per Response: 22.94479.
Estimated Total Annual Burden Hours: 3,740.
Reason for Change: Increase in the number of new credit unions
expected to exceed the asset threshold over the next three years.
OMB Number: 3133-0207.
Title: Subordinated Debt, 12 CFR part 702, subpart D.
Type of Review: Extension of a previously approved collection.
Abstract: Subpart D of Part 702 addresses limits on loans to other
credit unions; an expansion of the borrowing rule to clarify that
federal credit unions (FCUs) can borrow from any source; revisions to
the risk-based capital (RBC) rule, and the payout priorities in an
involuntary liquidation rule to account for Subordinated Debt and
Grandfathered Secondary Capital; and cohering changes to part 741 to
account for the other changes proposed in this rule that apply to
federally insured, state-chartered credit unions (FISCUs). The
borrowing authority granted to FCUs by the FCU Act, along with FCUs'
statutory authority to enter into contracts and exercise incidental
powers necessary or required to enable the FCUs to effectively carry on
their business, supports the legal analysis that FCUs are authorized to
incur indebtedness through the issuance of debt securities of the type
contemplated by this proposed rule. This rule permits LICUs, Complex
Credit Unions, and New Credit Unions to issue Subordinated Debt Notes
for purposes of regulatory capital treatment. It contains a series of
requirements in respect of the Subordinated Debt and Subordinated Debt
Note, disclosures and offering materials, repayment (including
prepayment), and regulatory capital treatment.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 2,500.
Estimated Number of Responses per Respondent: 1.1564.
Estimated Total Annual Responses: 2,891.
Estimated Hours per Response: 1.817018.
Estimated Total Annual Burden Hours: 5,253.
Reason for Change: Estimated number of respondents decreased due to
the number of credit unions with outstanding borrowing.
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. 2025-13627 Filed 7-18-25; 8:45 am]
BILLING CODE 7535-01-P
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