Memo Request for Emergency PRA Consideration

National Credit Union Administration
Office of General Counsel

GC/DW
SENT BY EMAIL
TO:

William Bestani, Desk Officer
Office of Information and Regulatory Affairs
Office of Management and Budget

FROM:

Digitally signed by LINDA DENT
Linda Dent
Date: 2022.01.10 16:00:26
LINDA
DENT
-05'00'
Agency PRA Certifying Official, NCUA

SUBJ:

Request for Emergency PRA Consideration;
NCUA Call Report

DATE:

January 10, 2022

Pursuant to the Office of Management and Budget (OMB) procedures established at 5 CFR
1320.13, the National Credit Union Administration (NCUA) requests emergency processing for
the NCUA Call Report (Form 5300) information collection request, revising OMB control
number 3133-0004, to capture changes necessitated by the promulgation of a recent final
rulemaking.
The NCUA Board approved Final Rule, Capital Adequacy: The Complex Credit Union Leverage
Ratio; Risk-Based Capital, on December 16, 2021, which was published in the Federal Register
on December 23, 2021, at 86 FR 72784, with an effective date January 1, 2022. Because of the
effective date of this rule and the advance time needed by the NCUA to incorporate updates to
the online reporting system prior to the March 2022 Call Report cycle and to provide the
reporting system changes to the NCUA’s federally insured credit unions (FICUs) in a timely
manner, we are submitting these changes for emergency consideration. The Call Report collects
financial and statistical information and is vital to the NCUA’s supervision and off-site
monitoring of its FICUs and to safeguard the National Credit Union Administration’s Share
Insurance Fund.
Given the inability to seek public comment during such a short timeframe, the NCUA requests a
waiver from the requirement to publish a notice in the Federal Register seeking public comment
during the period of OMB review. To avoid any substantial delay, the NCUA will publish a
separate notice and seek public comment on the revision to the information collection
requirement currently covered by OMB control number 3133-0004, NCUA Call Report.

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