[Federal Register Volume 65, Number 84 (Monday, May 1, 2000)]
[Rules and Regulations]
[Pages 25266-25267]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-10616]


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NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Part 790


Federal Credit Unions; Miscellaneous Technical Amendment

AGENCY: National Credit Union Administration (NCUA).

ACTION: Final rule.

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SUMMARY: The National Credit Union Administration (NCUA) is renaming 
its Office of Technology and Information Services to make it more 
consistent with other government agencies. This amendment is technical 
rather than substantive.

DATES: This rule is effective May 1, 2000.

FOR FURTHER INFORMATION CONTACT: Chrisanthy J. Loizos, Staff Attorney, 
Division of Operations, Office of General Counsel, (703) 518-6540, 
National Credit Union Administration, 1775 Duke Street, Alexandria, VA 
22314-3428.

SUPPLEMENTARY INFORMATION: In 1994, NCUA changed the name of its Office 
of Information Systems to the Office of Technology and Information 
Services. 59 FR 47072, Sept. 14, 1994. On November 18, 1999, the NCUA 
Board voted to rename this office as the Office of the Chief 
Information Officer (OCIO). This name is more consistent with similar 
offices within other government agencies and private industry. 
Additionally, the name is comparable to the offices of other NCUA 
executive staff, such as the Office of Chief Financial Officer, Office 
of the Executive Director, Office of General Counsel, and Office of the 
Inspector General. 12 CFR 790.2(b). The name change does not alter the 
description or responsibilities of the OCIO.

Regulatory Procedures

Final Rule Under the Administrative Procedure Act

    The amendment to the final rule is technical rather than 
substantive. NCUA

[[Page 25267]]

finds good cause that notice and public comment are unnecessary under 
section 553(b)(B) of the Administrative Procedure Act (APA), 5 U.S.C. 
553(b)(B).

Effective Date

    NCUA also finds good cause to dispense with the 30-day delayed 
effective date requirement under section 553(d)(3) of the APA. The rule 
is technical rather than substantive. The rule will, therefore, be 
effective immediately upon publication of this notice.

Regulatory Flexibility Act

    An initial regulatory flexibility analysis under the Regulatory 
Flexibility Act is required only when an agency is required to publish 
a general notice of proposed rulemaking for any proposed rule. 5 U.S.C. 
603. As noted previously, NCUA has determined that it is unnecessary to 
publish a notice of proposed rulemaking for this rule. Accordingly, an 
initial regulatory analysis is not required. Moreover, since this final 
rule imposes no new requirements and makes only a technical amendment, 
NCUA has determined and certifies that this rule will not have any 
significant economic impact on a substantial number of small credit 
unions (primarily those under $1 million in assets).

Small Business Regulatory Enforcement Fairness Act

    Title II of the Small Business Regulatory Enforcement Fairness Act 
(SBREFA) of 1996 (Pub. L. 104-121) provides, generally, for 
congressional review of agency rules. A reporting requirement is 
triggered in instances where NCUA issues a final rule as defined by 
section 551 of the Administrative Procedures Act. 5 U.S.C. 551. The 
Office of Management and Budget has reviewed this rule and has 
determined that for purposes of the Small Business Regulatory 
Enforcement Fairness Act of 1996 it is not a major rule.

Paperwork Reduction Act

    NCUA has determined that the final rule does not increase paperwork 
requirements under the Paperwork Reduction Act of 1995 (44 U.S.C. 3501 
et seq.) and regulations of the Office of Management and Budget.

Executive Order 13132 Statement

    Executive Order 13132 encourages independent regulatory agencies to 
consider the impact of their regulatory actions on state and local 
interests. In adherence to fundamental federalism principles, NCUA, an 
independent regulatory agency as defined in 44 U.S.C. 3502(5), 
voluntarily complies with the executive order. NCUA has determined that 
this final rule does not constitute a policy that has federalism 
implications for purposes of the executive order.

List of Subjects in 12 CFR Part 790

    Credit unions.

    By the National Credit Union Administration Board on April 13, 
2000.
Becky Baker,
Secretary of the Board.

    For the reasons stated in the preamble, NCUA amends 12 CFR chapter 
VII as set forth below:

PART 790--DESCRIPTION OF NCUA; REQUESTS FOR AGENCY ACTION

    1. The authority citation for part 790 continues to read as 
follows:

    Authority: 12 U.S.C. 1766, 1789, 1795f.


Sec. 790.2  [Amended]

    2. Amend Sec. 790.2 as follows:
    a. In paragraph (b)(7), remove ``Technology and Information 
Systems'' and add, in its place, ``Chief Information Officer''.
    b. In paragraph (b)(10), remove ``Office of Technology and 
Information
    Services'' in the heading and add, in its place, ``Office of the 
Chief Information Officer''.
    c. In paragraph (b)(10), remove ``Director of the Office of 
Technology and Information Services'' in the first sentence and add, in 
its place, ``Chief Information Officer''.

[FR Doc. 00-10616 Filed 4-28-00; 8:45 am]
BILLING CODE 7535-01-U