[Federal Register Volume 63, Number 24 (Thursday, February 5, 1998)]
[Rules and Regulations]
[Page 5859]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-2770]
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Rules and Regulations
Federal Register
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Federal Register / Vol. 63, No. 24 / Thursday, February 5, 1998 /
Rules and Regulations
[[Page 5859]]
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NATIONAL CREDIT UNION ADMINISTRATION
12 CFR Part 791
Rules of NCUA Board Procedure; Promulgation of NCUA Rules and
Regulations; Public Observation of NCUA Board Meetings
AGENCY: National Credit Union Administration (NCUA).
ACTION: Final rule.
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SUMMARY: The NCUA Board amends its rules to revise and clarify Board
procedures relating to the scheduling and subject matter of Board
meetings. This amendment more clearly describes the content of the
written submissions that are required when Board members want to call a
special meeting or when a Board member wants to place items on a
regular meeting agenda.
DATES: Effective on February 5, 1998.
ADDRESSES: National Credit Union Administration, 1775 Duke Street,
Alexandria, Virginia 22314-3428.
FOR FURTHER INFORMATION CONTACT: Robert M. Fenner, General Counsel,
Office of the General Counsel, at the above address or telephone (703)
518-6540. E-mail questions may be sent to ogcmail@ncua.gov.
SUPPLEMENTARY INFORMATION: Part 791 of NCUA Rules and Regulations, 12
CFR Part 791, governs the manner in which the Board conducts NCUA
business, including the scheduling and subject matter of Board
meetings. These amendments clarify the NCUA Board's intention when it
amended Secs. 791.5(a)(2) and 791.6(a). 62 FR 64266, December 5, 1997.
Section 791.5(a)(2) is amended to specify that a request for a
special meeting from two Board members must be made by submitting an
NCUA B-1 form and Board Action Memorandum stating the specific issue(s)
or action(s) to be considered by the Board.
A parallel amendment is being made to Sec. 791.6(a). The NCUA B-1
form and the Board Action Memorandum that a Board member uses to submit
an item for the agenda of the next regularly scheduled meeting must
state the specific issue(s) or action(s) to be considered.
Immediate Effective Date
Because these amendments concern the rules of NCUA Board procedure,
prior notice and comment are not required by 5 U.S.C. 553. These
amendments are effective February 5, 1998.
Regulatory Procedures
Regulatory Flexibility Act
NCUA certifies that these amendments to part 791 will not have a
significant impact on a substantial number of small credit unions.
Accordingly, a regulatory flexibility analysis is not required. The
rule affects internal NCUA Board operations only. Thus, it will not
result in any additional burden for regulated institutions.
Paperwork Reduction Act
The amendments to the rule do not contain any collection of
information requirements pursuant to the Paperwork Reduction Act of
1995 and regulations of the Office of Management and Budget.
Executive Order 12612
Part 791 only applies to NCUA and the NCUA Board. Accordingly, NCUA
has determined that the rule will not have a substantial impact on the
states or state interests. Further, the rule will not preempt
provisions of state law or regulations.
List of Subjects in 12 CFR Part 791
Administrative practice and procedure, Sunshine Act.
By the National Credit Union Administration Board on January 22,
1998.
Becky Baker,
Secretary to the Board.
Accordingly, NCUA amends 12 CFR part 791 as follows:
PART 791---RULES OF NCUA BOARD PROCEDURE; PROMULGATION OF NCUA
RULES AND REGULATIONS; PUBLIC OBSERVATION OF NCUA BOARD MEETINGS
1. The authority citation for part 791 continues to read as
follows:
Authority: 12 U.S.C. 1766, 1789 and 5 U.S.C. 552b.
2. Section 791.5 is amended by revising paragraph (a)(2) to read as
follows:
Sec. 791.5 Scheduling of board meetings.
(a) * * *
(2) Special meetings. The Chairman shall call special meetings
either on the Chairman's own initiative or within fourteen days of a
request from two Board members that is accompanied by an NCUA B-1 form
and a Board Action Memorandum that states the specific issue(s) or
action(s) to be considered by the Board.
* * * * *
3. Section 791.6 is amended by revising the last sentence in
paragraph (a) to read as follows:
Sec. 791.6 Subject matter of a meeting.
(a) Agenda. * * * Items shall be placed on the agenda by
determination of the Chairman or, at the request of any Board Member,
an item will be placed on the agenda of the next regularly scheduled
meeting provided that the request is submitted at least ten days in
advance of the next regularly scheduled meeting and is accompanied by
an NCUA B-1 form and a Board Action Memorandum that states the specific
issue(s) or action(s) to be considered by the Board.
* * * * *
[FR Doc. 98-2770 Filed 2-4-98; 8:45 am]
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