99-21212. Prompt Corrective Action

[Federal Register Volume 64, Number 158 (Tuesday, August 17, 1999)]
[Proposed Rules]
[Page 44663]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-21212]


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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. 64, No. 158 / Tuesday, August 17, 1999 / 
Proposed Rules

[[Page 44663]]


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NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Parts 702 and 747


Prompt Corrective Action

AGENCY: National Credit Union Administration (NCUA).

ACTION: Proposed rule; extension of comment period.

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SUMMARY: On May 3, 1999, the NCUA issued a proposed rule establishing a 
system of prompt corrective action to be taken by NCUA and by 
federally-insured credit unions if they become undercapitalized. The 
proposed rule was published in the Federal Register on May 18, 1999 
(see 64 FR 27090). The proposed rule stated that comments must be 
received by August 16, 1999. Due to a request made, the NCUA Board has 
decided to extend the comment period for an additional 15 days to 
August 31, 1999.

DATES: The comment period is being extended from August 16, 1999 to 
August 31, 1999. Comments must be postmarked or received by August 31, 
1999.

ADDRESSES: Direct comments to Becky Baker, Secretary of the Board. Mail 
or hand-deliver comments to: National Credit Union Administration, 1775 
Duke Street, Alexandria, Virginia 22314-3428. Fax comments to (703) 
518-6319. Please send comments by one method only.

FOR FURTHER INFORMATION CONTACT: Steven W. Widerman, Trial Attorney, 
Office of General Counsel, at the above address or telephone: (703) 
518-6540.

    By the National Credit Union Administration Board on August 10, 
1999.
Becky Baker,
Secretary of the Board.
[FR Doc. 99-21212 Filed 8-16-99; 8:45 am]
BILLING CODE 7535-01-P