[November 9, 1998 (Volume 63, Number 216)] [Unified Agenda] From the Federal Register Online via GPO Access [frwais.access.gpo.gov] [DOCID:ua09no98_058-15] [Page 62752] NATIONAL CREDIT UNION ADMINISTRATION (NCUA) Completed Actions _______________________________________________________________________ 4564. INVESTMENT AND DEPOSIT ACTIVITIES Priority: Substantive, Nonsignificant Legal Authority: 12 USC 1757(7); 12 USC 1757(8); 12 USC 1757(15) CFR Citation: 12 CFR 703 Legal Deadline: None Abstract: NCUA is adopting as final the interim final amendments to the investment regulation as issued last year. The final amendments revise the broker-dealer and safekeeping provisions. NCUA is also deleting the references to the High Risk Securities Test for Collateralized Mortgage Obligations and Real Estate Mortgage Investment in its regulations on investments and corporate credit unions. These amendments will clarify certain procedures related to credit unions' involvement with broker- dealers and safekeeping of securities. Timetable: ________________________________________________________________________ Action Date FR Cite ________________________________________________________________________ Interim Final Rule 12/04/97 62 FR 64146 Interim Final Rule Effective Date 01/01/98 Interim Final Rule Comment Period End 02/02/98 Final Action 05/01/98 63 FR 24103 Final Action Effective 05/01/98 Regulatory Flexibility Analysis Required: No Government Levels Affected: None Agency Contact: Daniel Gordon, Senior Investment Officer, Office of Investment Services, National Credit Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428 Phone: 703 518-6620 Fax: 703 518-6499 Email: oei@ncua.gov Kim Iverson, Program Officer, Office of Examination and Insurance, National Credit Union Administration Phone: 703 518-6360 Fax: 703 518-6499 Email: ois@ncua.gov RIN: 3133-AC01 [FR Doc. 98-24587 Filed 11-06-98; 8:45 am] BILLING CODE 7535-01-F