[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]



      
 ========================================================================
 Proposed Rules
                                                 Federal Register
 ________________________________________________________________________
 
 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.
 
 ========================================================================
 

  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.

-----------------------------------------------------------------------

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