[Federal Register Volume 61, Number 208 (Friday, October 25, 1996)]
[Rules and Regulations]
[Pages 55207-55208]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-27131]
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NATIONAL CREDIT UNION ADMINISTRATION
12 CFR Part 791
Rules of NCUA Board Procedure; Promulgation of NCUA Rules and
Regulations; Public Observation of NCUA Board Meetings
AGENCY: National Credit Union Administration (NCUA).
ACTION: Final rule.
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SUMMARY: This rule amends NCUA's current regulations on NCUA Board
procedure by providing that items will be placed on the Board agenda by
determination of the Chairman or at the request of any two Board
members. This amendment more clearly defines the authority of the Board
members in setting the agenda.
EFFECTIVE DATE: This amendment is effective October 25, 1996.
FOR FURTHER INFORMATION CONTACT: Robert M. Fenner, General Counsel,
Office of the General Counsel, at the above address or telephone (703)
518-6540. E-mail questions may be sent to [email protected].
SUPPLEMENTARY INFORMATION: NCUA's Rules of Board Procedure, 12 CFR part
791, govern the manner in which the Board acts on behalf of NCUA; the
conduct, scheduling and subject matter of Board meetings, the use of
notation votes, and the recording of Board actions. Prior to this
amendment, Section 791.6(a) vested final authority to determine the
agenda for a particular Board meeting with the Chairman.
The NCUA Board has determined that any two Board members shall have
the ability to have an item considered by the Board within 60 days of a
written request that includes an NCUA ``B-1 Form'' and a Board Action
Memorandum. Accordingly, section 791.6(a) is amended to provide that
the Chairman determines the order of the meeting agenda, and that items
shall be placed on the agenda either by determination of the Chairman,
or within 60 days of the submission of such a request by any two Board
members. At the same time, section 791.6(b) is amended to clarify that
recommended agenda items may be submitted by Board members and Office
[[Page 55208]]
Directors; actual agenda items are determined by the Chairman and
Board.
Immediate Effective Date
Because this amendment concerns rules of NCUA Board procedure,
prior notice and public comment are not required by 5 U.S.C. 553, and
the rule is effective upon publication in the Federal Register.
Regulatory Procedures
Regulatory Flexibility Act
Pursuant to section 605(b) of the Regulatory Flexibility Act, the
NCUA hereby certifies that this rule will not have a significant
economic impact on a substantial number of small entities. Accordingly,
a regulatory flexibility analysis is not required. This rule affects
internal NCUA Board operations only. Thus, it will not result in
additional burden for regulated institutions. The purpose of this rule
is to enhance the operations of the NCUA Board.
Paperwork Reduction Act
The amendments do not contain any collection of information
requirements.
Executive Order 12612
The rule, like the provision of part 791 it replaces, only applies
to the NCUA Board. Accordingly, the Board has determined that the rule
will not have a substantial direct effect on the states, on the
relationship between that national government and the states, or on the
distribution of power and responsibilities among various levels of
government. Further, the rule will not preempt provisions of state law
or regulations.
List of Subjects in 12 CFR Part 791
Administrative practice and procedure, Sunshine Act.
By the National Credit Union Administration Board on October 16,
1996.
Becky Baker,
Secretary of the Board.
Accordingly, NCUA amends 12 CFR part 791 as follows:
PART 791--RULES OF NCUA BOARD PROCEDURE; PROMULGATION OF NCUA RULES
AND REGULATIONS; PUBLIC OBSERVATION OF NCUA BOARD MEETINGS
1. The authority citation for Part 791 continues to read as
follows:
Authority: 12 U.S.C. 1766, 1789 and 5 U.S.C. 552b.
2. Section 791.6 is revised to read as follows:
Sec. 791.6 Subject matter of a meeting.
(a) Agenda. The Chairman is responsible for the final order of each
meeting agenda. Items shall be placed on the agenda by determination of
the Chairman, or within 60 days of receipt of a written request from
two Board members that includes an NCUA B-1 form and a Board Action
Memorandum.
(b) Submission of recommended agenda items. Recommended agenda
items may be submitted to the Secretary of the Board by Board members,
the Executive Staff (which includes all Office Directors and President
of the Central Liquidity Facility), and Regional Directors.
[FR Doc. 96-27131 Filed 10-24-96; 8:45 am]
BILLING CODE 7535-01-P