[December 9, 2002 (Volume 67, Number 236)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 75617-75623]
National Credit Union Administration
[[Page 75617]]
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Part LIX
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Semiannual Regulatory Agenda
[[Page 75618]]
NATIONAL CREDIT UNION ADMINISTRATION (NCUA)
_______________________________________________________________________
NATIONAL CREDIT UNION ADMINISTRATION
12 CFR Ch. VII
Semiannual Regulatory Agenda
AGENCY: National Credit Union Administration (NCUA).
ACTION: Semiannual regulatory agenda.
_______________________________________________________________________
SUMMARY: Pursuant to its ongoing policy of reviewing regulations, NCUA
is publishing a list of current and projected rulemakings, reviews of
existing regulations, and completed actions as of July 31, 2002, to be
included in the Unified Agenda of Federal Regulatory and Deregulatory
Actions.
DATES: This information is current as of July 31, 2002.
ADDRESSES: National Credit Union Administration, 1775 Duke Street,
Alexandria, Virginia 22314-3428.
FOR FURTHER INFORMATION CONTACT: For each regulation listed, the
person(s) named in the listing, at the above address, unless otherwise
noted, or listed telephone number.
SUPPLEMENTARY INFORMATION: The purpose of this agenda is to enable
credit unions and the public to follow regulatory development and
review at NCUA and to participate in that process more effectively.
Entries for the agenda appear in one of five possible categories:
Prerule stage; proposed rule stage; final rule stage; long-term
actions; or completed actions.
The agenda is published pursuant to NCUA Interpretive Ruling
and Policy Statement Number 87-2 ``Developing and Reviewing
Government Regulations,'' 54 FR 35231 (September 18, 1987), which
sets out NCUA's policy and procedures for developing and reviewing
its regulations. NCUA's policy is to ensure that its regulations
impose only minimum required burdens on credit unions, consumers,
and the public; are appropriate for the size of the financial
institutions it regulates; are issued only after full public
participation; and are clear and understandable. Further, NCUA
undertakes to review all regulations every 3 years to clarify and
simplify existing regulations and eliminate redundant and
unnecessary provisions.
Executive Order 12866, signed by President Clinton on
September 30, 1993, requires independent executive agencies, such
as NCUA, to publish a regulatory agenda.
Approved by the NCUA Board on September 11, 2002.
Becky Baker,
Secretary of the Board.
National Credit Union Administration--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
4203 Requirements for Insurance.......................................................... 3133-AC33
4204 Credit Practices.................................................................... 3133-AC34
4205 Investment and Deposit Activities................................................... 3133-AC49
4206 Nondiscrimination in Federally Assisted Programs.................................... 3133-AC59
4207 Bank Secrecy Act Compliance Programs and Procedures................................. 3133-AC62
4208 Organization and Operations of Federal Credit Unions--Benefits for Employees of 3133-AC64
Federal Credit Unions...............................................................
4209 Share Insurance and Appendix........................................................ 3133-AC65
4210 Advertising......................................................................... 3133-AC67
4211 Member Business Loans............................................................... 3133-AC68
4212 Federal Credit Union Chartering, Field of Membership Modifications and Conversions.. 3133-AC69
4213 Designation of Low-Income Status; Receipt of Secondary Capital Accounts by Low- 3133-AC70
Income-Designated Credit Unions.....................................................
4214 Revision of Interpretive Ruling and Policy Statement 87-2, Developing and Reviewing 3133-AC71
Government Regulations..............................................................
----------------------------------------------------------------------------------------------------------------
National Credit Union Administration--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
4215 Corporate Credit Unions............................................................. 3133-AC28
4216 OMB Control Numbers................................................................. 3133-AC52
4217 Truth in Savings.................................................................... 3133-AC57
4218 Prompt Corrective Action............................................................ 3133-AC60
----------------------------------------------------------------------------------------------------------------
National Credit Union Administration--Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
4219 Consumer Protections for Federally Insured Credit Unions' Sale of Nondeposit 3133-AC56
Investments.........................................................................
----------------------------------------------------------------------------------------------------------------
[[Page 75619]]
National Credit Union Administration--Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identification
Number Number
----------------------------------------------------------------------------------------------------------------
4220 Eligible Obligations--Conflict of Interest Provision................................ 3133-AC51
4221 Federal Credit Union Chartering, Field of Membership Modification and Conversions... 3133-AC63
4222 Federal Credit Union Chartering, Field of Membership Modifications and Conversions.. 3133-AC66
----------------------------------------------------------------------------------------------------------------
_______________________________________________________________________
National Credit Union Administration (NCUA) Proposed Rule Stage
_______________________________________________________________________
4203. REQUIREMENTS FOR INSURANCE
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1756 to 1757; 12 USC 1757A; 12 USC 1766; 12 USC
1785; 12 USC 1781
CFR Citation: 12 CFR 741
Legal Deadline: None
Abstract: NCUA solicited public comment on whether NCUA should adopt a
regulation that would restrict the insurance coverage for State-
chartered credit unions that open branches outside the United States.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 09/14/00 65 FR 55464
ANPRM Comment Period End 11/13/00
NPRM 09/26/02 67 FR 60607
NPRM Comment Period End 11/25/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: Undetermined
Federalism: Undetermined
Agency Contact: Michael J. McKenna, Senior Staff Attorney, Office of
General Counsel, National Credit Union Administration, 1775 Duke
Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov
RIN: 3133-AC33
_______________________________________________________________________
4204. CREDIT PRACTICES
Priority: Substantive, Nonsignificant
Legal Authority: 15 USC 57a; 15 USC 1681b
CFR Citation: 12 CFR 706
Legal Deadline: None
Abstract: NCUA issued a proposed regulation under the Fair Credit
Reporting Act that addresses the sharing of opt-out information between
Federal credit unions and their affiliates. NCUA intends to issue a
second proposal for comment.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 10/26/00 65 FR 64168
NPRM Comment Period End 12/26/00
Second NPRM 01/00/03
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Chrisanthy J. Loizos, Staff Attorney, National Credit
Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6567
Fax: 703 518-6569
Email: cloizos@ncua.gov
RIN: 3133-AC34
_______________________________________________________________________
4205. 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: The advanced notice of proposed rulemaking solicited comments
on how to update and clarify NCUA's investment and deposit activities
rules. NCUA anticipates issuing a proposed rule in November 2002.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 10/26/01 66 FR 54168
ANPRM Comment Period End 01/24/02
NPRM 11/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Frank S. Kressman, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6558
Fax: 703 518-6569
Email: fkressman@ncua.gov
RIN: 3133-AC49
_______________________________________________________________________
4206. NONDISCRIMINATION IN FEDERALLY ASSISTED PROGRAMS
Priority: Substantive, Nonsignificant
Unfunded Mandates: Undetermined
Legal Authority: 42 USC 2000d et seq; 29 USC 793; 42 USC 6101 et seq
CFR Citation: 12 CFR 730
Legal Deadline: None
Abstract: The purpose of this rule is to implement Federal statutes
that prohibit credit unions that receive Federal financial assistance
from discrimination on certain bases.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Paul Marshall Peterson, Staff Attorney, National Credit
Union Administration, 1775 Duke Street, Alexandria, VA 22314
[[Page 75620]]
Phone: 703 518-6540
Fax: 703 518-6569
Email: ppeterson@ncua.gov
RIN: 3133-AC59
_______________________________________________________________________
4207. BANK SECRECY ACT COMPLIANCE PROGRAMS AND PROCEDURES
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1766(a); 12 USC 1786(q); 31 USC 5311; 31 USC
5318
CFR Citation: 12 CFR 748.2
Legal Deadline: None
Abstract: The rule will be amended to clarify and cross-reference any
changes to credit unions' responsibilities for Bank Secrecy Act
compliance resulting from passage of the U.S.A. Patriot's Act, Public
Law 107-56, October 26, 2001.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: John K. Ianno, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569
Email: johni@ncua.gov
RIN: 3133-AC62
_______________________________________________________________________
4208. ORGANIZATION AND OPERATIONS OF FEDERAL CREDIT UNIONS--BENEFITS FOR
EMPLOYEES OF FEDERAL CREDIT UNIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1759; 12
USC 1761a-b; 12 USC 1766 to 1767; ...
CFR Citation: 12 CFR 701.19
Legal Deadline: None
Abstract: Clarify the scope of the rule permitting Federal credit
unions to provide their employees with reasonable retirement and
employee benefits.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/20/01 66 FR 65662
NPRM Comment Period End 02/19/02
Second NPRM 09/25/02 67 FR 60184
Second NPRM Comment Period End 11/25/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Frank S. Kressman, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6558
Fax: 703 518-6569
Email: fkressman@ncua.gov
RIN: 3133-AC64
_______________________________________________________________________
4209. SHARE INSURANCE AND APPENDIX
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1752(5); 12 USC 1757; 12 USC 1765 to 1766; 12
USC 1781 to 1782; 12 USC 1787; ...
CFR Citation: 12 CFR 745
Legal Deadline: None
Abstract: Update NCUA's share insurance rules to bring them into closer
parity with the Federal Deposit Insurance Corporation's deposit
insurance rules.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 02/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Frank S. Kressman, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6558
Fax: 703 518-6569
Email: fkressman@ncua.gov
RIN: 3133-AC65
_______________________________________________________________________
4210. ADVERTISING
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1766; 12 USC 1781; 12 USC 1789; 12 USC 4311
CFR Citation: 12 CFR 740
Legal Deadline: None
Abstract: Revise to address electronic advertising and transactions and
to improve clarity.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 09/25/02 67 FR 60604
NPRM Comment Period End 11/25/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Dianne M. Salva, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569
Email: dsalva@ncua.gov
RIN: 3133-AC67
_______________________________________________________________________
4211. [bull] MEMBER BUSINESS LOANS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1757a
CFR Citation: 12 CFR 723
Legal Deadline: None
Abstract: NCUA plans to review its member business loan rule to
determine whether amendments are necessary.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 02/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Federalism: Undetermined
Agency Contact: Chrisanthy J. Loizos, Staff Attorney, National Credit
Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6567
Fax: 703 518-6569
Email: cloizos@ncua.gov
RIN: 3133-AC68
[[Page 75621]]
_______________________________________________________________________
4212. [bull] FEDERAL CREDIT UNION CHARTERING, FIELD OF MEMBERSHIP
MODIFICATIONS AND CONVERSIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1759; 12
USC 1761a; ...
CFR Citation: 12 CFR 701.1
Legal Deadline: None
Abstract: NCUA is planning on revising its field of membership manual
to ease regulatory burden and redefine certain terms.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 11/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Michael J. McKenna, Senior Staff Attorney, Office of
General Counsel, National Credit Union Administration, 1775 Duke
Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov
RIN: 3133-AC69
_______________________________________________________________________
4213. [bull] DESIGNATION OF LOW-INCOME STATUS; RECEIPT OF SECONDARY
CAPITAL ACCOUNTS BY LOW-INCOME-DESIGNATED CREDIT UNIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1757(6)
CFR Citation: 12 CFR 701.34
Legal Deadline: None
Abstract: NCUA is planning on updating the definition of what is a low-
income credit union.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 11/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Michael J. McKenna, Senior Staff Attorney, Office of
General Counsel, National Credit Union Administration, 1775 Duke
Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov
RIN: 3133-AC70
_______________________________________________________________________
4214. [bull] REVISION OF INTERPRETIVE RULING AND POLICY STATEMENT 87-2,
DEVELOPING AND REVIEWING GOVERNMENT REGULATIONS
Priority: Info./Admin./Other
Legal Authority: 5 USC 601 et seq; 12 USC 1752a
CFR Citation: 12 CFR 791.8
Legal Deadline: None
Abstract: Revision will update the definition of small entity in
section 11.2 of the Interpretive Ruling and Policy Statement for
purposes of the Regulatory Flexibility Act's analysis.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Paul Marshall Peterson, Staff Attorney, National Credit
Union Administration, 1775 Duke Street, Alexandria, VA 22314
Phone: 703 518-6540
Fax: 703 518-6569
Email: ppeterson@ncua.gov
RIN: 3133-AC71
_______________________________________________________________________
National Credit Union Administration (NCUA) Final Rule Stage
_______________________________________________________________________
4215. CORPORATE CREDIT UNIONS
Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is
undetermined.
Legal Authority: 12 USC 1762; 12 USC 1766(a); 12 USC 1781; 12 USC 1789
CFR Citation: 12 CFR 704
Legal Deadline: None
Abstract: NCUA issued two proposed revisions to the rule governing
corporate credit unions. Based on the comments, NCUA plans to issue a
final rule in the fall.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM 07/28/99 64 FR 40787
ANPRM Comment Period End 11/26/99
Second ANPRM 11/22/00 65 FR 70319
Second ANPRM Comment Period End 02/20/01
NPRM 09/21/01 66 FR 48742
NPRM Comment Period End 12/20/01
Second NPRM 07/01/02 67 FR 44270
Second NPRM Comment Period End 08/30/02
Final Action 11/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mary F. Rupp, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6540
Email: maryr@ncua.gov
RIN: 3133-AC28
_______________________________________________________________________
4216. OMB CONTROL NUMBERS
Priority: Info./Admin./Other
Legal Authority: 12 USC 1766(a); 5 USC 3507(f)
CFR Citation: 12 CFR 795
Legal Deadline: None
Abstract: NCUA plans to update the display table that lists the current
OMB control numbers and the 12 CFR part or section where each number is
described or identified.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Final Action 11/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Regina M. Metz, Staff Attorney, Office of General
Counsel,
[[Page 75622]]
National Credit Union Administration, 1775 Duke Street, Alexandria, VA
22314
Phone: 703 518-6540
Fax: 703 518-6569
Email: rmetz@ncua.gov
RIN: 3133-AC52
_______________________________________________________________________
4217. TRUTH IN SAVINGS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 4311
CFR Citation: 12 CFR 707
Legal Deadline: Other, Statutory, November 6, 2001, Interim Final Rule.
Mandated by Truth in Savings Act.
Abstract: NCUA amended its Truth in Savings rule in compliance with the
Truth in Savings Act which requires NCUA to amend its rule in
conformity with changes made by the Federal Reserve Board to its
Regulation DD.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Interim Final Rule 09/19/01 66 FR 48206
Final Action 12/00/02
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Frank S. Kressman, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6558
Fax: 703 518-6569
Email: fkressman@ncua.gov
RIN: 3133-AC57
_______________________________________________________________________
4218. PROMPT CORRECTIVE ACTION
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1790d
CFR Citation: 12 CFR 702
Legal Deadline: None
Abstract: Revisions to NCUA system of minimum capital standards for
federally insured credit unions and corresponding remedies to restore
net worth.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 06/04/02 67 FR 38431
NPRM Comment Period End 08/05/02
Final Action 11/00/02
Final Action Effective 01/00/03
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: State
Federalism: This action may have federalism implications as defined in
EO 13132.
Agency Contact: Steven W. Widerman, Trial Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314
Phone: 703 518-6557
Email: widerman@ncua.gov
RIN: 3133-AC60
_______________________________________________________________________
National Credit Union Administration (NCUA) Long-Term Actions
_______________________________________________________________________
4219. CONSUMER PROTECTIONS FOR FEDERALLY INSURED CREDIT UNIONS' SALE OF
NONDEPOSIT INVESTMENTS
Priority: Substantive, Nonsignificant
Legal Authority: Not Yet Determined
CFR Citation: Not Yet Determined
Legal Deadline: None
Abstract: NCUA is considering proposing regulations to ensure that the
sale to members of all nondeposit investments through various types of
arrangements is done in a safe and sound manner.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
ANPRM To Be Determined
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Mary F. Rupp, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314-3428
Phone: 703 518-6540
Email: maryr@ncua.gov
RIN: 3133-AC56
_______________________________________________________________________
National Credit Union Administration (NCUA) Completed Actions
_______________________________________________________________________
4220. ELIGIBLE OBLIGATIONS--CONFLICT OF INTEREST PROVISION
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1759; 12
USC 1761a
CFR Citation: 12 CFR 701.23
Legal Deadline: None
Abstract: Section 701.23 sets forth the requirements for purchasing,
selling, and pledging eligible obligations (loans) by Federal credit
unions. NCUA has determined that it will not propose a conflict of
interest provision for this section at this time.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Withdrawn 07/31/02
Regulatory Flexibility Analysis Required: No
Government Levels Affected: None
Agency Contact: Regina M. Metz, Staff Attorney, Office of General
Counsel, National Credit Union Administration, 1775 Duke Street,
Alexandria, VA 22314
Phone: 703 518-6540
Fax: 703 518-6569
Email: rmetz@ncua.gov
RIN: 3133-AC51
[[Page 75623]]
_______________________________________________________________________
4221. FEDERAL CREDIT UNION CHARTERING, FIELD OF MEMBERSHIP MODIFICATION
AND CONVERSIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1752(5); 12 USC 1755 to 1757; 12 USC 1759; 12
USC 1761a-b; 12 USC 1766 to 1767; ...
CFR Citation: 12 CFR 701.1
Legal Deadline: None
Abstract: The NCUA Board amended its chartering and field of membership
manual to make two changes to ease the burden on applicants for
community charters, expansions, or conversions. First, applicants need
not submit documentation to establish a community area that is the same
as one the NCUA has previously determined to be a well-defined local
community, neighborhood, or rural district. Second, the NCUA Board
deleted the category of common characteristics and background of
residents from the examples of acceptable documentation because it has
proven to generate documentation of limited relevance.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Interim Final Rule 03/20/01 66 FR 15619
Interim Final Rule Comment
Period End 05/21/01
Final Action 04/24/02 67 FR 20013
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Michael J. McKenna, Senior Staff Attorney, Office of
General Counsel, National Credit Union Administration, 1775 Duke
Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov
RIN: 3133-AC63
_______________________________________________________________________
4222. FEDERAL CREDIT UNION CHARTERING, FIELD OF MEMBERSHIP MODIFICATIONS
AND CONVERSIONS
Priority: Substantive, Nonsignificant
Legal Authority: 12 USC 1752(5); 12 USC 1755 to 1756; 12 USC 1757; 12
USC 1759; 12 USC 1761a-b; ...
CFR Citation: 12 CFR 701.1
Legal Deadline: None
Abstract: An existing community charter need not document in writing
how it plans on serving the entire community. The NCUA Board updated
the definition of an investment area because of the release of the new
census data and updated Community Development Financial Institution
Fund standards.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Interim Final Rule 12/20/01 66 FR 65625
Interim Final Rule Comment
Period End 02/19/02
Final Action 04/24/02 67 FR 20013
Regulatory Flexibility Analysis Required: No
Small Entities Affected: No
Government Levels Affected: None
Agency Contact: Michael J. McKenna, Senior Staff Attorney, Office of
General Counsel, National Credit Union Administration, 1775 Duke
Street, Alexandria, VA 22314-3428
Phone: 703 518-6562
Email: mmckenna@ncua.gov
RIN: 3133-AC66
[FR Doc. 02-24264 Filed 12-06-02; 8:45 am]
BILLING CODE 7535-01-S