[The Regulatory Plan and Unified Agenda of Federal Regulations]
[National Credit Union Administration Semiannual Regulatory Agenda]
[From the U.S. Government Printing Office, www.gpo.gov]


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Part LX





National Credit Union Administration





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Semiannual Regulatory Agenda

NATIONAL CREDIT UNION ADMINISTRATION (NCUA)                            
  
  
_______________________________________________________________________
  

NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Ch. VII

Semiannual Agenda of Regulations

AGENCY: National Credit Union Administration (NCUA).

ACTION: Semiannual agenda of regulations.

_______________________________________________________________________

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 September 15, 1995. 
NCUA will also include this agenda in the Unified Agenda of Federal 
Regulations.

DATES: This information is current as of September 15, 1995.

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 enable interested parties to more effectively 
participate in that process. The agenda is divided into three parts: 
(1) Actions completed since the last agenda; (2) actions proposed but 
not completed; and (3) actions planned but not yet proposed by the NCUA 
Board.

    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). 
Executive Order 12866, signed by President Clinton on September 30, 
1993, now requires independent executive agencies such as NCUA to 
publish a regulatory agenda. This agenda will be included in the 
Office of Management and Budget's next publication of its Unified 
Agenda of Federal Regulations.

Approved by the NCUA Board on September 19, 1995.

Becky Baker,

Secretary of the Board.

                                               Proposed Rule Stage                                              
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4700        Credit Union Service Contracts/Correspondent Services/Credit Union Service                          
            Organizations.........................................................................    3133-AA95 
4701        Share Insurance and Appendix..........................................................    3133-AB15 
4702        Requirements for Insurance............................................................    3133-AB31 
4703        Part 708--Mergers of Federally Insured Credit Unions; Voluntary Termination or                      
            Conversion of Insured Status..........................................................    3133-AB70 
4704        Part 705--Community Development Revolving Loan Program for Credit Unions..............    3133-AB71 
4705        Investment and Deposit Activities.....................................................    3133-AB73 
4706        Loan Participation....................................................................    3133-AB77 
----------------------------------------------------------------------------------------------------------------


                                                Final Rule Stage                                                
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4707        Excerpts From the Uniform Standards of Professional Appraisal Practice Applicable to                
            Federally Related Transactions........................................................    3133-AB20 
4708        Organization and Operations of Federal Credit Unions-Loan Incentives--Prohibited Fee                
            Exception.............................................................................    3133-AB60 
4709        Corporate Credit Unions...............................................................    3133-AB67 
4710        Part 701--Organization and Operations of Federal Credit Unions........................    3133-AB72 
4711        Fees Paid by Federal Credit Unions....................................................    3133-AB78 
4712        Union Rules of Practice and Procedure.................................................    3133-AB79 
4713        Appraisals............................................................................    3133-AB80 
----------------------------------------------------------------------------------------------------------------


                                                Long-Term Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4714        Golden Parachute and Indemnification Payments.........................................    3133-AB28 
----------------------------------------------------------------------------------------------------------------


                                                Completed Actions                                               
----------------------------------------------------------------------------------------------------------------
                                                                                                     Regulation 
 Sequence                                           Title                                            Identifier 
  Number                                                                                               Number   
----------------------------------------------------------------------------------------------------------------
4715        Mergers or Conversions of Federally Insured Credit Unions: NCUA Approval..............    3133-AB65 
4716        Employee Benefits.....................................................................    3133-AB68 
4717        Loans in Areas Having Special Flood Hazards...........................................    3133-AB69 
4718        Loans in Areas Having Special Flood Hazards...........................................    3133-AB74 
4719        Final Interpretive Ruling and Policy Statement 95-1 Supervisory Review Committee (IRPS              
            95-1).................................................................................    3133-AB75 
4720        Addition of Specific Exemptions Under the Privacy Act.................................    3133-AB76 
----------------------------------------------------------------------------------------------------------------

      
  
          
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NATIONAL CREDIT UNION ADMINISTRATION (NCUA)         Proposed Rule Stage
  
  
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4700. CREDIT UNION SERVICE CONTRACTS/CORRESPONDENT SERVICES/CREDIT 
UNION SERVICE ORGANIZATIONS

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1789

CFR Citation:  12 CFR 701.27

Legal Deadline: None

Abstract: The proposed rule clarifies the limits on the authority for 
an FCU to provide services and activities to other credit unions. In 
response to comments, staff is preparing a proposed revision which 
would permit, and set safety and soundness standards for, correspondent 
credit union services between credit unions, as well as address the 
issues of shared branching and request comments for other related 
issues.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           11/15/89                    54 FR 48110
ANPRM Comment Period End        02/20/90                    54 FR 48110
NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: Undetermined

Agency Contact: Martin S. Conrey, 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

RIN: 3133-AA95
_______________________________________________________________________

4701. SHARE INSURANCE AND APPENDIX

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1781; 12 USC 1789

CFR Citation:  12 CFR 745, subpart A

Legal Deadline: None

Abstract: On May 15, 1990, the FDIC issued final rules on deposit 
insurance (55 FR 20111). The FDIC rules differ in some respects from 
NCUA's current rules and/or policies. NCUA staff will be analyzing the 
changes and clarifications to deposit insurance coverage rules made by 
the FDIC, in order to determine whether changes in NCUA's insurance 
regulations are warranted. Staff is also reviewing the entire section 
for a general update.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Richard S. Schulman, Associate General Counsel, Office 
of General Counsel, National Credit Union Administration, 1775 Duke 
Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB15
_______________________________________________________________________

4702. REQUIREMENTS FOR INSURANCE

Priority:  Other

Legal Authority:  12 USC 1766(a); 12 USC 1781 to 1790

CFR Citation:  12 CFR 701.26; 12 CFR 701.21

Legal Deadline: None

Abstract: The proposed rule reorganizes part 741 in order to clarify 
which of the NCUA regulations currently apply to State-chartered, 
NCUSIF-insured credit unions. The proposed changes are informational, 
rather than substantive.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/02/95                    60 FR 39274
NPRM Comment Period End         10/02/95
Interim Final Rule              10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Linda Groth, State Program Officer, Office of 
Examination and Insurance, National Credit Union Administration, 1775 
Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6360

RIN: 3133-AB31
_______________________________________________________________________

4703. PART 708--MERGERS OF FEDERALLY INSURED CREDIT UNIONS; 
VOLUNTARY TERMINATION OR CONVERSION OF INSURED STATUS

Priority:  Other

Legal Authority:  12 USC 1785(c)

CFR Citation:  12 CFR 708

Legal Deadline: None

Abstract: The NCUA Board will propose that proposed merger plans 
address the six statutory criteria contained in section 205(c) of the 
Federal Credit Union Act which the Board is required to consider before 
granting or withholding approval of a proposed merger involving at 
least one federally insured credit union.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael J. McKenna, Staff Attorney, National Credit 
Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB70
_______________________________________________________________________

4704. PART 705--COMMUNITY DEVELOPMENT REVOLVING LOAN PROGRAM FOR 
CREDIT UNIONS

Priority:  Other

Legal Authority:  PL 97-35; 42 USC 9822; PL 101-144; 12 USC 1766(k)

CFR Citation:  12 CFR 705

Legal Deadline: None

Abstract: NCUA is drafting proposed amendments to clarify issues and 
relieve regulatory burden.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/95

Small Entities Affected: Organizations

Government Levels Affected: None

Agency Contact: Michael J. McKenna, Staff Attorney, National Credit 
Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB71
_______________________________________________________________________

4705.  INVESTMENT AND DEPOSIT ACTIVITIES

Priority:  Other

Legal Authority:  12 USC 1757(7); 12 USC 1757(8); 12 USC 1757(15); 12 
USC 1757(17); 12 USC 1766(a); 12 USC 1789(11)

CFR Citation:  12 CFR 703

Legal Deadline: None

Abstract: Staff is reviewing part 703 to determine what changes need to 
be made to ensure that Federal credit union investment activities 
remain safe and sound.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            11/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Kimberly Iverson, Program Officer, Office of 
Examination and Insurance, National Credit Union Administration, 1775 
Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6360
Fax: 703 518-6499

RIN: 3133-AB73
_______________________________________________________________________

4706.  LOAN PARTICIPATION

Priority:  Other

Legal Authority:  12 USC 1757; 12 USC 1766

CFR Citation:  12 CFR 701.22

Legal Deadline: None

Abstract: The proposed rule would amend NCUA's regulation on loan 
participations to broaden loan participation authority by removing the 
requirement that the participation agreement precede loan disbursement.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            08/02/95                    60 FR 39273
NPRM Comment Period End         10/02/95
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Mary F. Rupp, Staff Attorney, National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540

RIN: 3133-AB77
_______________________________________________________________________

NATIONAL CREDIT UNION ADMINISTRATION (NCUA)            Final Rule Stage
  
  
_______________________________________________________________________
  
4707. EXCERPTS FROM THE UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL 
PRACTICE APPLICABLE TO FEDERALLY RELATED TRANSACTIONS

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1789; PL 101-73

CFR Citation:  12 CFR 722, app A

Legal Deadline: None

Abstract: The interim common rule, issued jointly with other Federal 
financial institution regulators (FRB, OTS, RTC, OCC, and FDIC), is 
designed to ensure that reliable appraisals are rendered in connection 
with federally related transactions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Interim Final Rule              12/31/90                    55 FR 53610
NPRM                            03/07/95                    60 FR 13388
NPRM Comment Period End         05/12/95
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: State

Additional Information: The Federal financial institutions working 
group is nearing completion on a final rule.

Agency Contact: Michael J. McKenna, 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

RIN: 3133-AB20
_______________________________________________________________________

4708. ORGANIZATION AND OPERATIONS OF FEDERAL CREDIT UNIONS-LOAN 
INCENTIVES--PROHIBITED FEE EXCEPTION

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1789

CFR Citation:  12 CFR 701.21(c)(8)

Legal Deadline: None

Abstract: National Credit Union Rules and Regulations prohibit 
officials and certain employees of federally insured credit unions from 
receiving either incentive pay or outside compensation for certain 
activities related to credit union lending. The NCUA Board is proposing 
to amend the regulations to make them clear, to authorize lending-
related compensation in certain situations where it is currently 
prohibited, and to prohibit it in other situations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

ANPRM                           03/15/94                    59 FR 11937
ANPRM Comment Period End        05/16/94                    59 FR 11937
NPRM                            04/20/95                    60 FR 19690
NPRM Comment Period End         06/19/95
Interim Final Rule              10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Lisa Henderson, 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

RIN: 3133-AB60
_______________________________________________________________________

4709. CORPORATE CREDIT UNIONS

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1789

CFR Citation:  12 CFR 704

Legal Deadline: None

Abstract: The proposed rule would strengthen the capital of corporate 
credit unions, reduce the risk of their investments, and improve asset-
liability management. It would return corporate credit unions to their 
primary functions of serving as liquidity centers and service providers 
and would protect the safety and soundness of the corporate credit 
union system.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/26/95                    60 FR 20438
NPRM Comment Period End         08/25/95                    60 FR 27240
Final Action                    11/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: H. Allen Carver, Director, Office of Corporate Credit 
Unions, National Credit Union Administration, 1775 Duke Street, 
Alexandria, VA 22314-3428
Phone: 703 518-6640
Fax: 703 518-6439

RIN: 3133-AB67
_______________________________________________________________________

4710.  PART 701--ORGANIZATION AND OPERATIONS OF FEDERAL 
CREDIT UNIONS

Priority:  Other

Legal Authority:  12 USC 1755; 12 USC 1756; 12 USC 1757; 12 USC 1759; 
12 USC 1761a; 12 USC 1761b; 12 USC 1766; 12 USC 1767; 12 USC 1782; 12 
USC 1784; 12 USC 1787; 12 USC 1789; 12 USC 1798

CFR Citation:  12 CFR 701

Legal Deadline: None

Abstract: NCUA is planning to propose an amendment regarding the 
authority of Federal credit unions to add senior citizen/retiree groups 
formed solely for the purpose of acquiring credit unions service to a 
Federal credit unions field of membership. NCUA staff also plans to 
propose amendments to clarify operational issues.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael J. McKenna, Staff Attorney, National Credit 
Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB72
_______________________________________________________________________

4711.  FEES PAID BY FEDERAL CREDIT UNIONS

Priority:  Other

Legal Authority:  12 USC 1755; 31 USC 3717

CFR Citation:  12 CFR 701.6

Legal Deadline: None

Abstract: The NCUA Board is considering a restructuring of the 
operating fee scale for natural person Federal credit unions. It is 
proposing that all such credit unions with assets of $500,000 and less 
be exempt from paying any operating fee. In addition it is proposing 
that all natural person Federal credit unions with assets over $500,000 
but equal to of less than $750,000 pay a minimum operating fee of $100.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/26/95                    60 FR 32925
NPRM Comment Period End         08/25/95
Final Action                    11/00/95

Small Entities Affected: Businesses

Government Levels Affected: None

Agency Contact: Ronald M. Aaron, Deputy Director, Office of Chief 
Financial Officer, National Credit Union Administration, 1775 Duke 
Street, Alexandria, VA 22314-3428
Phone: 703 518-6570

RIN: 3133-AB78
_______________________________________________________________________

4712.  UNION RULES OF PRACTICE AND PROCEDURE

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1784; 12 USC 1786; 12 USC 1787; 
42 USC 4012a

CFR Citation:  12 CFR 747

Legal Deadline: None

Abstract: The Comptroller of the Currency (OCC), Board of Governors of 
the Federal Reserve System (Board of Governors), Federal Deposit 
Insurance Corporation (FDIC), Office of Thrift Supervision (OTS), and 
National Credit Union Administration (NCUA) are proposing changes to 
the Uniform Rules and Practice and Procedure for Administrative 
Hearings (Uniform Rules) and to their agency specific rules of 
administrative practice and procedure (Local Rules). The proposal is 
intended to clarify certain provisions and to increase the efficiency 
and fairness of administrative hearings.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/23/95                    60 FR 32882
NPRM Comment Period End         08/22/95
Final Action                    12/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Steven Widerman, Trial Attorney, National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB79
_______________________________________________________________________

4713.  APPRAISALS

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1789; PL 101-73

CFR Citation:  12 CFR 722

Legal Deadline: None

Abstract: The NCUA Board is proposing amendments to its regulation 
regarding the appraisal of real estate, adopted pursuant to title XI of 
the Financial Institutions Reform, Recovery and Enforcement Act of 
1989. The proposed amendments simplify compliance with regulatory 
requirements for credit unions by changing provisions of the appraisal 
regulation that govern: the publication of the Uniform Standards of 
Professional Appraisal Practice; minimum appraisal standards; 
appraisals to address safety and soundness concerns; unavailable 
information; additional appraisal standards developed by the credit 
union; and appraiser independence. The proposed amendments should 
reduce costs without affecting the reliability of appraisals used in 
connection with federally related transactions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            03/13/95                    60 FR 13388
NPRM Comment Period End         05/12/95
Final Action                    10/00/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Michael J. McKenna, Staff Attorney, National Credit 
Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB80
_______________________________________________________________________

NATIONAL CREDIT UNION ADMINISTRATION (NCUA)           Long-Term Actions
  
  
_______________________________________________________________________
  
4714. GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS

Priority:  Other

CFR Citation:  12 CFR 701.34

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            12/00/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Allan Meltzer
Phone: 703 518-6540

RIN: 3133-AB28
_______________________________________________________________________

NATIONAL CREDIT UNION ADMINISTRATION (NCUA)           Completed Actions
  
  
_______________________________________________________________________
  
4715. MERGERS OR CONVERSIONS OF FEDERALLY INSURED CREDIT UNIONS: 
NCUA APPROVAL

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1785; 12 USC 1786; 12 USC 1789

CFR Citation:  12 CFR 708a

Legal Deadline: None

Abstract: The final rule applies to all mergers and conversions of 
federally insured credit unions converting to any institution that is 
not NCUSIF insured. It sets forth requirements to ensure that such 
transactions take place only pursuant to an informed vote of the credit 
union's members/owners, to prevent self-dealing and other abuses by 
individuals involved in the transactions and to ensure that these 
transactions do not present safety and soundness risks to the National 
Credit Union Administration Share Insurance Fund and the credit union 
system.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            06/30/94                    59 FR 33702
NPRM Comment Period End         08/01/94
Interim Final Rule              09/23/94                    59 FR 48790
Final Action                    03/08/95                    60 FR 12659
Final Action Effective          04/01/95

Small Entities Affected: None

Government Levels Affected: State

Agency Contact: Mary Rupp, Staff Attorney, National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB65
_______________________________________________________________________

4716. EMPLOYEE BENEFITS

Priority:  Other

Legal Authority:  12 USC 1761b(12); 12 USC 1766a

CFR Citation:  12 CFR 701.19

Legal Deadline: None

Abstract: Proposed rule withdrawn. NCUA plans to issue a Letter of 
credit to Credit Unions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Withdrawn                       08/31/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Martin S. Conrey, Staff Attorney, National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB68
_______________________________________________________________________

4717. LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS

Priority:  Other

Legal Authority:  12 USC 1766; 12 USC 1789; 12 USC 4012a; 12 USC 4106; 
PL 103-325

CFR Citation:  12 CFR 760

Legal Deadline:  Final, Statutory, September 23, 1995.

Abstract: The final rule amends NCUA's flood insurance regulations to 
direct federally insured credit unions to use the Federal Emergency 
Management Agency's Standard Flood Hazard Determination form when 
determining whether real property securing a loan is located in a 
special flood hazard area.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    07/06/95                    60 FR 35286
Final Action Effective          01/02/96

Small Entities Affected: Organizations

Government Levels Affected: None

Agency Contact: Jeffrey S. Mooney, Staff Attorney, National Credit 
Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB69
_______________________________________________________________________

4718.  LOANS IN AREAS HAVING SPECIAL FLOOD HAZARDS

Priority:  Other

Legal Authority:  12 USC 1757; 12 USC 1789; 42 USC 4012a; 42 USC 4104a; 
42 USC 4104b; 42 USC 4106; 42 USC 4128

CFR Citation:  12 CFR 760.12

Legal Deadline: None

Abstract: The final rule amends NCUA's flood insurance regulations to 
direct federally insured credit unions to use the Federal Emergency 
Management Agency's Standard Flood Hazard Determination form when 
determining whether real property securing a loan is located in a 
special food hazard area.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    07/06/95                    60 FR 35286
Final Action Effective          01/02/96

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Jeffrey S. Mooney, Staff Attorney, National Credit 
Union Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6563
Fax: 703 518-6569

RIN: 3133-AB74
_______________________________________________________________________

4719.  FINAL INTERPRETIVE RULING AND POLICY STATEMENT 95-1 
SUPERVISORY REVIEW COMMITTEE (IRPS 95-1)

Priority:  Other

Legal Authority:  PL 103-325

CFR Citation:  None

Legal Deadline: None

Abstract: Section 309 of the Riegle Community Development and 
Regulatory Improvement Act (Act) of 1994 requires the NCUA establish an 
independent intra-agency appellate process to review material 
supervisory determinations.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

Final Action                    03/20/95                    60 FR 14795
Final Action Effective          03/22/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Hattie Ulan, Special Counsel to the General Counsel, 
National Credit Union Administration, 1775 Duke Street, Alexandria, VA 
22314-3428
Phone: 703 518-6540
Fax: 703 518-6569

RIN: 3133-AB75
_______________________________________________________________________

4720.  ADDITION OF SPECIFIC EXEMPTIONS UNDER THE PRIVACY 
ACT

Priority:  Other

Legal Authority:  12 USC 1766(a); 12 USC 1789(a)(7)

CFR Citation:  12 CFR 790

Legal Deadline: None

Abstract: The NCUA Board has adopted these amendments as proposed. The 
amendments reflect the addition of the (j)(2) and (k)(2) exemptions of 
the Privacy Act to the NCUA regulations that describe exempt systems of 
records, and link the ``Office of Inspector General (OIG) Investigative 
Records--NCUA,'' system NCUA-20, to these Privacy Act Exemptions.

Timetable:
_________________________________________________________________________

Action                            Date                      FR Cite

_________________________________________________________________________

NPRM                            04/10/95                    60 FR 18036
NPRM Comment Period End         05/10/95
Final Action                    06/19/95                    60 FR 31911
Final Action Effective          07/19/95

Small Entities Affected: None

Government Levels Affected: None

Agency Contact: Alexandria B. Keith, Counsel to the Inspector General, 
Office of Inspector General, National Credit Union Administration, 1775 
Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6352
Fax: 703 518-6349

RIN: 3133-AB76
[FR Doc. 95-24145 Filed 11-24-95; 8:45 am]
BILLING CODE 7535-01-F