Capital Planning and Stress Testing

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
12CFR702-SubpartE_NPRM_78FR65583_01NOV13.pdf	Supplementary Document	Uploaded 2017-09-28	Available
12CFR702_Final-Rule_79FR24311_30APR14.pdf	Supplementary Document	Uploaded 2017-09-28	Available
FINAL_3133-NEW_Supporting Statement_12CFR702-E_092817.docx	Supporting Statement A	Uploaded 2017-09-28	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
228480	Capital Planning and Stress Testing		New

ICR Details

OMB Control No: 3133-0199	ICR Reference No: 201709-3133-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: NCUA	Agency Tracking No: ONES
Title: Capital Planning and Stress Testing
Type of Information Collection: Existing collection in use without an OMB Control Number	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 09/29/2017
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/13/2017
	Date Received in OIRA: 09/28/2017
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2018	6 Months From Approved
Responses	7	0	0
Time Burden (Hours)	2,250	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: To protect the National Credit Union Share Insurance Fund (NCUSIF) and the credit union system, the largest Federally Insured Credit Unions (FICUs) must have systems and processes to monitor and maintain their capital adequacy. The rule requires covered credit unions to develop and maintain a capital plan and submit this plan to NCUA by March 31 of each year. The rule applies to all FICUs that report $10 billion or more in assets on their March 31 Call Report.

Emergency Justfication: This is a request for emergency approval. The information collection requirements prescribed under subpart E of part 702 was published as final on April 30, 2014, at 79 FR 243111 (effective May 20, 2014), and were set-out in the preamble. The public was provide an opportunity to comment on the proposed collection (NPRM November 1, 2013, at 78 FR 65583) and comments were summarized and addressed in the final rule; but no formal PRA submission was made to the Office of Management and Budget (OMB). These regulations were promulgated in the wake of the Dodd-Frank Act (Pub.L. 111-203, H.R. 4173) and were put in place to protect the National Credit Union Share Insurance Fund (NCUSIF) and the credit union system. Changes are being proposed to this subpart that would impact paperwork burden. NCUA requests emergency consideration to bring the information collection requirement into compliance under the PRA.

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Authorizing Statute(s): US Code: 12 USC 1766a, 1990d Name of Law: Federal Credit Union Act
  

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

Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Capital Planning and Stress Testing

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ICR Summary of Burden

table that charts list 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	7	0	0	7	0	0
Annual Time Burden (Hours)	2,250	0	0	2,250	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This is a request for emergency approval for a collection in use without an OMB number.

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Annual Cost to Federal Government: $41,650

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 09/28/2017

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