Federal Register - August 16, 2021
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Source: Federal Register
45848
Federal Register / Vol. 86, No. 155 / Monday, August 16, 2021 / Proposed Rules
form 4501A, and the accompanying instructions. The proposed forms and instructions are available on the NCUAs Call Report Modernization web page.124 The proposed Call Report form included six risk-based capital schedules FCT1 through FCT6
designed to collect information consistent with the 2015 Final Riskbased Capital Rule. The Board also provided other risk-based capital tools detailed on the Risk-based Capital Rule Resources Page on the NCUAs website.125
The Board is illustrating as part of this proposal the draft forms that may be used as the risk-based capital Call Report schedules. Any new Call Report forms to support risk-based capital will be accompanied with detailed instructions. The NCUA intends to separately seek comment on the proposed changes to the Call Report for complex credit unions that use the riskbased capital framework. The examples below illustrate what the risk-based capital form for the numerator and denominator may look like. The
illustration consists of three sections:
Part INumerator, Part II
Denominator for on-balance sheet assets, and Part IIIDenominator for off-balance sheet exposures and derivatives.
The illustration of the capital elements for the risk-based capital numerator are consistent with the 2015
Final rule in 702.104b1 with the addition of the proposed MSA
deduction as proposed in the Amendments to the 2015 Final Rule, section M.
Chart 3 Part I - Capital elements of the risk-based capital numerator
Risk-Based Capital Form Part I - Numerator EQUITY
TOTALS
Undivided earnings .
Regular reserves .
Appropriations for non-conforming investments ..
Other reserves .
Equity acquired in merger .
Net income
Total Equity
ADDITIONS
Allowance for Credit Losses .
Subordinated Debt in accordance with 702.407 .
Section 208 Assistance included in net worth as defined in 702.2 .. .
Total Additions
DEDUCTIONS
NCUSIF capitalization deposit .
Goodwill
Less: Excluded Goodwill .
Other intangible assets .
Less: Excluded intangible assets .
Identified losses not reflected in the risk-based capital numerator.
Total Deductions
TOTAL RISK-BASED CAPITAL BEFORE MSA DEDUCTION
Less: MSA balance exceeding 25% of RBC Numerator .
The illustration for Part II
Denominator form for on-balance sheet assets may auto-populate the totals from other schedules in the Call Report see table below for Totals from Schedules
column with greyed out boxes. The Board will also provide a detailed instruction guide consistent with the 2015 Final Rule 702.104c2 for risk weighting the on-balance sheet assets
124 https www.ncua.gov/regulation-supervision/
examination-modernization-initiatives/call-reportmodernization.
125 https www.ncua.gov/regulation-supervision/
regulatory-compliance-resources/risk-based-capitalrule-resources.
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into their respective risk weight categories. An empty box underneath each risk-weight category indicates a possible asset amount for each line item in accordance with the 2015 Final Rule.
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lotter on DSK11XQN23PROD with PROPOSALS2
TOTAL RISK-BASED CAPITAL NUMERATOR
