2018-05056. Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions; Correction
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Start Preamble
AGENCY:
National Credit Union Administration (NCUA).
ACTION:
Final rule; correction.
SUMMARY:
On February 23, 2018, the NCUA Board (Board) issued a final rule adopting amendments to its share insurance requirements rule to provide stakeholders with greater transparency regarding the calculation of each eligible financial institution's pro rata share of a declared equity distribution from the National Credit Union Share Insurance Fund (NCUSIF). A clerical error appeared which confuses what CFR unit is being amended. This document corrects that error.
DATES:
This correction is effective March 26, 2018.
Start Further InfoFOR FURTHER INFORMATION CONTACT:
Benjamin M. Litchfield, Staff Attorney, Office of General Counsel, at (703) 518-6540; or Steve Farrar, Supervisory Financial Analyst, Office of Examination and Insurance, at (703) 518-6360. You may also contact them at the National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428.
End Further Info End Preamble Start Supplemental InformationSUPPLEMENTARY INFORMATION:
On February 23, 2018, at 83 FR 7954, the Board issued a final rule adopting amendments to 12 CFR part 741. In amendments to appendices A, B, and C to part 741, incorrect headings appeared above amendatory instructions 4 and 5 on page 7964 identifying the wrong CFR part. Instruction 5 omitted the part number.
Therefore, FR Rule Doc. No. 2018-03622, published on February 23, 2018, beginning on page 7954, is corrected as follows:
Start Amendment Part1. On page 7964, in the center column, the heading above amendatory instruction 4 is corrected to read as follows: Start Printed Page 10784
End Amendment PartAppendix A to Part 741 [Removed]
Start Amendment Part2. On page 7964, in the center column, the heading above amendatory instruction 5 and amendatory instruction 5 are corrected to read as follows:
End Amendment PartAppendices B and C to Part 741 [Redesignated as Appendices A and B to Part 741]
Start Amendment Part5. Redesignate appendix B and appendix C to part 741 as appendix A and appendix B to part 741, respectively.
End Amendment Part Start SignatureBy the National Credit Union Administration Board on March 7, 2018.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2018-05056 Filed 3-12-18; 8:45 am]
BILLING CODE 7535-01-P
Document Information
- Effective Date:
- 3/26/2018
- Published:
- 03/13/2018
- Department:
- National Credit Union Administration
- Entry Type:
- Rule
- Action:
- Final rule; correction.
- Document Number:
- 2018-05056
- Dates:
- This correction is effective March 26, 2018.
- Pages:
- 10783-10784 (2 pages)
- RINs:
- 3133-AE77: Requirements for Insurance; National Credit Union Share Insurance Fund
- RIN Links:
- https://www.federalregister.gov/regulations/3133-AE77/requirements-for-insurance-national-credit-union-share-insurance-fund
- PDF File:
- 2018-05056.pdf
- CFR: (1)
- 12 CFR 741