[Federal Register Volume 60, Number 99 (Tuesday, May 23, 1995)]
[Proposed Rules]
[Page 27240]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-12599]
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Proposed Rules
Federal Register
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This section of the FEDERAL REGISTER contains notices to the public of
the proposed issuance of rules and regulations. The purpose of these
notices is to give interested persons an opportunity to participate in
the rule making prior to the adoption of the final rules.
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Federal Register / Vol. 60, No. 99 / Tuesday, May 23, 1995 / Proposed
Rules
[[Page 27240]]
NATIONAL CREDIT UNION ADMINISTRATION
12 CFR Parts 704 and 741
Corporate Credit Unions; Requirements for Insurance
AGENCY: National Credit Union Administration (NCUA).
ACTION: Extension of comment period.
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SUMMARY: On April 13, 1995, the NCUA Board issued a proposed rule
revising its regulations governing corporate credit unions and
requirements for insurance. 60 FR 20438 (April 26, 1995). Comments were
requested by June 26, 1995.
The supplementary section of the proposed rule indicated that NCUA
would be conducting analytical assessments of the proposed regulation's
effect on corporate credit union earnings and capital accumulation. 60
FR at 20443. NCUA has been working with an outside firm to provide such
assessments, using simulation modeling techniques. The process has
proved to be more time-consuming than envisioned, due to the need to
tailor existing modeling programs to the specifics of corporate credit
union balance sheets.
The NCUA Chairman indicated at the April 13, 1995, Board meeting
that the comment period would be extended if additional time were
needed because of unanticipated circumstances. The Board has determined
that additional time is necessary to allow NCUA and the public
sufficient opportunity to analyze the results of the modeling process
and the implications for the proposed regulation. Accordingly, the
comment period is being extended 60 days to August 25, 1995.
DATES: The comment period is extended from June 26, 1995, to August 25,
1995.
ADDRESSES: Mail comments to Becky Baker, Secretary of the Board,
National Credit Union Administration, 1775 Duke Street, Alexandria, VA
22314-3428. Send comments to Ms. Baker via the bulletin board by
dialing 703-518-6480.
FOR FURTHER INFORMATION CONTACT: H. Allen Carver, Director, Office of
Corporate Credit Unions (703) 518-6640, at the above address.
Authority: The authority for this action is the general
rulemaking authority of the NCUA Board.
By the National Credit Union Administration Board on May 17,
1995.
Becky Baker,
Secretary of the Board.
[FR Doc. 95-12599 Filed 5-22-95; 8:45 am]
BILLING CODE 7535-01-M
