88978 Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 

By the National Credit Union 

Administration Board. 

Melane Conyers-Ausbrooks, 

Secretary of the Board. 

[FR Doc. 2023–28303 Filed 12–22–23; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Revisions 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. 

SUMMARY: As required by the Paperwork 

Reduction Act of 1995, The National 

Credit Union Administration (NCUA) is 

submitting the following extensions and 

revisions of currently approved 

collections to the Office of Management 

and Budget (OMB) for renewal. 

DATES: Written comments should be 

received on or before January 25, 2024 

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 www.reginfo.gov/public/do/ 

PRAMain. 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 Mahala Vixamar 

at (703) 718–1155, emailing 

PRAComments@ncua.gov, or viewing 

the entire information collection request 

at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

OMB Number: 3133–NEW. 

Title: Supervisory Stress Test Annual 

Data Collection, 12 CFR part 702, 

subpart C. 

Type of Review: New Collection. 

Abstract: The NCUA Board (Board) 

has determined, to protect the National 

Credit Union Share Insurance Fund 

(NCUSIF) and the credit union system, 

that the largest Federally Insured Credit 

Unions (FICUs) should have systems 

and processes in place to monitor and 

maintain their capital adequacy. 

Subpart C of part 702 of NCUA’s 

regulations codifies capital planning 

and stress testing requirements for 

federally insured credit unions with $10 

billion or more in assets (covered credit 

unions). Covered credit unions are 

further delineated by asset tiers. Tier I 

are credit union with $10 billion or 

more in total assets, but less than $15 

billion in total assets; tier II are credit 

union with $15 billion or more in total 

assets, but less than $20 billion in total 

assets; and tier III are credit union with 

$20 billion or more in total assets. Tier 

II and III credit unions are required to 

conduct supervisory stress tests and 

section 702.306 (b) codifies that NCUA 

reserves the right to conduct stress tests 

of covered credit unions at any time and 

where both NCUA and a covered credit 

union have conducted the tests, the 

results of NCUA’s tests will determine 

whether the covered credit union has 

met the requirements of this subpart. To 

facilitate NCUA’s ability to conduct 

supervisory stress test on covered credit 

unions, section 702.306(d) requires that 

covered credit unions must provide 

NCUA with any relevant qualitative or 

quantitative information requested by 

NCUA pertinent to capital plans or 

stress test under this part. 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Number of Respondents: 

12. 

Estimated Number of Responses per 

Respondent: 1. 

Estimated Total Annual Responses: 

12. 

Estimated Hours per Response: 20. 

Estimated Total Annual Burden 

Hours: 240. 

OMB Number: 3133–0061. 

Title: Central Liquidity Facility, 12 

CFR part 725. 

Type of Review: Extension of a 

previously approved collection. 

Abstract: Part 725 contains the 

regulations implementing the National 

Credit Union Central Liquidity Facility 

Act, subchapter III of the Federal Credit 

Union Act. The NCUA Central Liquidity 

Facility is a mixed-ownership 

Government corporation within NCUA. 

It is managed by the NCUA Board and 

is owned by its member credit unions. 

The purpose of the Facility is to 

improve the general financial stability of 

credit unions by meeting their liquidity 

needs and thereby encourage savings, 

support consumer and mortgage lending 

and provide basic financial resources to 

all segments of the economy. The 

Central Liquidity Facility achieves this 

purpose through operation of a Central 

Liquidity Fund (CLF). The collection of 

information under this part is necessary 

for the CLF to determine credit 

worthiness, as required by 12 U.S.C. 

1795e(2). 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Number of Respondents: 

269. 

Estimated Number of Responses per 

Respondent: 4.260. 

Estimated Total Annual Responses: 

1,146. 

Estimated Hours per Response: 0.603. 

Estimated Total Annual Burden 

Hours: 691. 

OMB Number: 3133–0067. 

Title: Corporate Credit Union Monthly 

Call Report and Annual Report of 

Officers. 

Type of Review: Revision of a 

currently approved collection. 

Abstract: Section 202(a)(1) of the 

Federal Credit Union Act (Act) requires 

federally insured credit unions to make 

reports of condition to the NCUA Board 

upon dates selected by it. Corporate 

credit unions report this information 

monthly on NCUA Form 5310, also 

known as the Corporate Credit Union 

Call Report. The financial and statistical 

information is essential to NCUA in 

carrying out its responsibility for 

supervising corporate credit unions. The 

Federal Credit Union Act, 12 U.S.C. 

1762, specifically requires Federal 

credit unions to report the identity of 

credit union officials. Section 741.6(a) 

requires federally-insured credit unions 

to submit a Report of Officials annually 

to NCUA containing the annual 

certification of compliance with security 

requirements. The branch information is 

requested under the authority of § 741.6 

of the NCUA Rules and Regulations. 

NCUA utilizes the information to 

monitor financial conditions in 

corporate credit unions, and to allocate 

supervision and examination resources. 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Number of Respondents: 

11. 

Estimated Number of Responses per 

Respondent: 13. 

Estimated Total Annual Responses: 

143. 

Estimated Hours per Response: 3.77. 

Estimated Total Annual Burden 

Hours: 539. 

Reason for Change: The 5310 

Corporate Call Report, Profile, and 

Corporate Financial Performance 

Reports (CFPR) for calendar year 2024 

have several changes that entail removal 

of references to Current Expected Credit 

Loss (CECL) early adoption language; 

removal of the Available for Sale Book 

Value references; additional 

supplemental information for charitable 

donation accounts, subordinated debt 

purchased from member credit unions, 

and additional information about CUSO 

investments; additional liquidity, 

weighted average life (WAL), and WAL 

with 50 percent prepayment 

information reporting, and Federal 

Reserve Bank Excess Balance Account 

reporting; clarification of Information 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 88979 

System and Technology questions on 

the Profile form; and corresponding 

updates to the Corporate Financial 

Performance Report (CFPR), including a 

new template for aggregate CFPRs that 

shows weighted average ratios. These 

changes have not adjusted the current 

burden. 

OMB Number: 3133–0199. 

Title: Capital Planning and Stress 

Testing, 12 CFR 702–E. 

Type of Review: Revision of a 

currently approved collection. 

Abstract: To protect the National 

Credit Union Share Insurance Fund 

(NCUSIF) and the credit union system, 

the largest Federally Insured Credit 

Unions (FICUs) need to have systems 

and processes in place to monitor and 

maintain their capital adequacy. 

Subpart C of part 702 of NCUA’s 

regulations codifies the capital planning 

and stress testing requirements for 

federally insured credit unions with $10 

billion or more in assets (covered credit 

unions). NCUA issues these regulations 

under the authority of section 120(a) 

requiring their supervised institutions to 

conduct annual stress tests. Stress 

testing is needed to assess the potential 

impact of expected and stressed 

economic conditions on the 

consolidated earnings, losses, and 

capital of a covered credit union over 

the planning horizon, taking into 

account the current state of the covered 

credit union and the covered credit 

union’s risks, exposures, strategies, and 

activities. 

NCUA received one comment from 

the 60-Day Notice published at 88 FR 

62604. The commenter requested that 

NCUA provide additional clarification 

regarding the use of the standard form 

results reporting templates for purposes 

of reporting results of internal capital 

planning and analysis. The commenter 

noted that multiple items requested in 

the SST schedules were not applicable 

to internal capital analysis conducted by 

the credit union. As an example, the 

commenter cited Stress Test Capital and 

the Stress Test Capital Ratio currently 

required to be reported in the standard 

form templates were not applicable to 

their internal capital planning and 

analysis. The commenter also stated 

they felt use of the standard form 

reporting templates was redundant and 

ineffective whereas their capital plan 

includes commentary, analysis and 

supporting schedules that bring 

important context to the results of that 

analysis. 

NCUA agrees that some revision and 

clarification in the reporting 

instructions may be necessary to use the 

standard form results reporting 

templates for purposes of reporting 

results of both annual Supervisory 

Stress Testing results as well as results 

of internal capital adequacy assessment 

analysis and planning. We disagree, 

however, with the example provided by 

the commenter, because Section 

702.304(b)(1) of the Rules and 

Regulations requires covered credit 

unions to include, as a mandatory 

element in their annual capital 

planning, ‘‘a quarterly assessment of the 

expected sources and levels of stress test 

capital over the planning horizon that 

reflects the covered credit union’s 

financial state, size, complexity, risk 

profile, scope of operations, and existing 

level of capital, assuming both expected 

and unfavorable conditions’’. The 

requirement to measure stress test 

capital as defined in section 702.302 of 

the Regulations aside, NCUA 

acknowledges that credit unions, as part 

of their internal capital adequacy 

assessment analysis and planning, may 

target different measures. NCUA has 

made revisions to the standard form 

templates to accommodate reporting of 

different capital measures in the balance 

sheet tab of the templates. Instructions 

and definitions were adjusted 

accordingly as well. Furthermore, 

NCUA disagrees with the commenter’s 

statement that reporting results of 

internal capital analysis using the 

standard form templates would be 

inefficient and redundant as compared 

to the detailed analysis, commentary 

and supporting schedules contained in 

their annual capital plan. As stated in 

the initial PRA notification, reporting of 

internal capital analysis results in a 

standard form manner will allow NCUA 

to more efficiently and fairly review 

benchmarks and opine on the strength 

and reasonableness of credit unions 

analyses serving as the foundation of the 

capital adequacy assessment and 

planning. NCUA acknowledges there 

would be some initial burden placed on 

credit unions to revise and update 

systems and applications used to 

generate results of internal capital 

analysis in a form exportable to the 

reporting templates; however, NCUA 

believes that the benefits obtained in 

efficiency and fairness of review and 

assessment of capital analysis results 

outweigh these initial burdens. 

The commenter also stated that 

NCUA’s inclusion of investment data as 

part of the revised annual data request 

is duplicative because ONES credit 

unions submit other investment data on 

a quarterly basis. NCUA agrees with the 

commenter that ONES credit unions are 

required to submit some instrumentlevel investment data to the ONES 

supervisory team on a quarterly basis. 

However, this only covers a portion of 

credit union investment activities. The 

annual collection of investment data 

covered by the PRA notice also captures 

instrument-level investment 

information in credit union employee 

benefit and charitable donation 

accounts. These additional instrumentlevel investment data are needed to 

model the credit union’s balance sheet 

and income statement under stress 

scenarios. This information has 

historically been collected by NCUA on 

an annual basis. While NCUA agrees 

that future efforts should work to 

combine both investment data 

collections, continuing to collect this 

data as part of the current annual 

collection is still needed. 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Number of Respondents: 

12. 

Estimated Number of Responses per 

Respondent: 1. 

Estimated Total Annual Responses: 

12. 

Estimated Hours per Response: 

781.67. 

Estimated Total Annual Burden 

Hours: 9,380. 

Reason for Change: Burden increased 

due to the increase in the number of 

credit unions meeting the asset size 

threshold for capital planning and selfrun stress testing and because of the 

updated self-run SST results reporting 

template, as well as reporting of internal 

capital analysis results on the updated 

template. 

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. 


khammond on DSKJM1Z7X2PROD with NOTICES
88980 Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 

By the National Credit Union 

Administration Board. 

Melane Conyers-Ausbrooks, 

Secretary of the Board. 

[FR Doc. 2023–28302 Filed 12–22–23; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL FOUNDATION ON THE 

ARTS AND THE HUMANITIES 

Institute of Museum and Library 

Services 

Notice of Proposed Information 

Collection Requests: Collection of 

Information To Assess the Current 

State of Library and Museum 

Infrastructure To Identify Infrastructure 

Needs 

AGENCY: Institute of Museum and 

Library Services, National Foundation 

on the Arts and the Humanities. 

ACTION: Notice, request for comments, 

and collection of information. 

SUMMARY: The Institute of Museum and 

Library Services (IMLS), as part of its 

continuing effort to reduce paperwork 

and respondent burden, conducts a preclearance consultation program to 

provide the public and federal agencies 

with an opportunity to comment on 

proposed and/or continuing collections 

of information in accordance with the 

Paperwork Reduction Act. This preclearance consultation program helps to 

ensure that requested data will be 

provided in the appropriate format; that 

respondents’ reporting burden (time and 

financial resources) is minimized; that 

collection instruments are clearly 

understood and cover material to which 

respondents can be responsive; and, that 

the impact of collection requirements on 

respondents can be properly assessed. 

DATES: Written comments must be 

submitted to the office listed in the 

ADDRESSES section below on or before 

February 24, 2024. 

ADDRESSES: Send comments to: Sandra 

Narva, Acting Director of Grants Policy 

and Management, Institute of Museum 

and Library Services, 955 L’Enfant Plaza 

North SW, Suite 4000, Washington, DC 

20024–2135. Ms. Narva can be reached 

by telephone at 202–653–4634, or by 

email at snarva@imls.gov. Office hours 

are from 8:30 a.m. to 5 p.m., E.T., 

Monday through Friday, except Federal 

holidays. Persons who are deaf or hard 

of hearing (TTY users) can contact IMLS 

at 202–207–7858 via 711 for TTY-Based 

Telecommunications Relay Service. 

FOR FURTHER INFORMATION CONTACT: For 

a copy of the documents, contact: 

Matthew Birnbaum, Ph.D., Director of 

Research and Evaluation, Institute of 

Museum and Library Services, 955 

L’Enfant Plaza North SW, Suite 4000, 

Washington, DC 20024–2135. Dr. 

Birnbaum can be reached by telephone: 

202–653–4760, or by email at 

mbirnbaum@imls.gov. Persons who are 

deaf or hard of hearing (TTY users) can 

contact IMLS at 202–207–7858 via 711 

for TTY-Based Telecommunications 

Relay Service. 

SUPPLEMENTARY INFORMATION: The 

purpose of this notice is to solicit 

comments about a proposed IMLS study 

of library and museum infrastructure. 

This study will follow the requirements 

of the House Appropriations Labor, 

Health and Human Services 

Subcommittee’s 2023 Appropriations 

Bill for the Department of Labor (Report 

117–403), and the Senate 

Appropriations Subcommittee’s 

Departments of Labor, Health and 

Human Services, and Education, and 

Related Agencies Appropriations Act 

(2023) (S.4659). IMLS intends to assess 

the physical conditions of libraries and 

museums to inform potential 

grantmaking initiatives focused on 

improving library and museum 

facilities, including those in 

underserved communities and those 

impacted by national disasters. 

A copy of the proposed information 

collection request can be obtained by 

contacting the individual listed below 

in the FOR FURTHER INFORMATION

CONTACT section of this notice. 

IMLS is the primary source of federal 

support for the nation’s libraries and 

museums. We advance, support, and 

empower America’s museums, libraries, 

and related organizations through grant 

making, research, and policy 

development. To learn more, visit 

www.imls.gov. 

IMLS is particularly interested in 

public comments that help the agency 

to: 

• Evaluate whether the proposed 

collection of information appropriately 

responds to Congressional direction 

authorizing this study. 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information 

including the validity of the 

methodology and assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected. 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 

appropriate automated electronic, 

mechanical, or other technological 

collection techniques, or other forms of 

information technology, e.g., permitting 

electronic submissions of response. 

I. Background 

IMLS is the primary source of federal 

support for the Nation’s libraries and 

museums. We advance, support, and 

empower America’s museums, libraries, 

and related organizations through grant 

making, research, and policy 

development. To learn more, visit 

www.imls.gov. 

II. Current Actions 

This notice proposes the Collection of 

Information to Assess the Current State 

of Library and Museum Infrastructure to 

Identify Infrastructure Needs 

recommended by the U.S. Congress in 

Reports 117–403 and S.4659. This 

evaluation will enable IMLS to make 

well-informed decisions about potential 

future investments and funding 

allocations to strategically address areas 

with the greatest need. The proposed 

collection of primary data from key 

stakeholders will lead to an 

understanding of the diversity of library 

and museum facilities. This study will 

inform IMLS as to the most critical 

needs of library and museum 

infrastructures and where to allocate 

funding for the most significant impact. 

Agency: Institute of Museum and 

Library Services. 

Title: Collection of Information to 

Assess the Current State of Library and 

Museum Infrastructure to Identify 

Infrastructure Needs. 

OMB Control Number: 3137–NEW. 

Agency Number: 3137. 

Respondents/Affected Public: 

Museum and library management; 

museum and library associations, state, 

municipal, and city level stakeholders. 

Total Number of Annual 

Respondents: Approximately 500. 

Frequency of Response: Expected to 

be once per request. 

Average Minutes per Response: 

Estimated at 30 minutes per response. 

Total Estimated Number of Annual 

Burden Hours: Approximately 250 

hours. 

Cost Burden (dollars): Estimated at 

$8,844. 

Public Comments Invited: Comments 

submitted in response to this Notice 

will be summarized and/or included in 

the request for OMB’s clearance of this 

information collection. 

Dated: December 20, 2023. 

Suzanne Mbollo, 

Grants Management Specialist, Institute of 

Museum and Library Services. 

[FR Doc. 2023–28405 Filed 12–22–23; 8:45 am] 

BILLING CODE 7036–01–P 


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