Capital Planning and Stress Testing, 12 CFR 702-E

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form NCUA Internal Capital Plan Results Template Instructions	Form and Instruction	Modified	Available
Form Stress Testing Tem Stress Testing Template	Form	Modified	Available
3133-0199_Supporting Statement_122023.docx	Supporting Statement A	Uploaded 2023-12-26	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
228480	Capital Planning and Stress Testing	Form and Instruction	Modified	Internal Capital Plan Results Template Instructions
228480	Capital Planning and Stress Testing	Form	Modified	Stress Testing Template
228480	Capital Planning and Stress Testing	Instruction	Modified

ICR Details

OMB Control No: 3133-0199	ICR Reference No: 202312-3133-008
Status: Historical Active	Previous ICR Reference No: 202303-3133-003
Agency/Subagency: NCUA	Agency Tracking No: ONES
Title: Capital Planning and Stress Testing, 12 CFR 702-E
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/26/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/26/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2027	36 Months From Approved	12/31/2024
Responses	12	0	18
Time Burden (Hours)	9,380	0	4,030
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.

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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
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 62604	09/12/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 88978	12/26/2023
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	Stress Testing Template, NCUA	Stress Testing Template ,   Internal Capital Plan Results Template Instructions

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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	12	18	0	-6	0	0
Annual Time Burden (Hours)	9,380	4,030	0	5,350	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: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The burden increased because the number of credit unions meeting the asset size threshold for capital planning and self-run stress testing has increased. Furthermore, the burden increased due to the updated self-run SST results reporting template, as well as reporting of internal capital analysis results on this template.

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Annual Cost to Federal Government: $20,400

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? No

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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: 12/26/2023

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