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


[[Page 62717]]
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Part LVIII





National Credit Union Administration





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Semiannual Regulatory Agenda

[[Page 62718]]



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 September 13, 2001, 
to be included in the Unified Agenda of Federal Regulatory and 
Deregulatory Actions.

DATES:  This information is current as of September 13, 2001.

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 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 three 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 18, 2001.

 Becky Baker,

Secretary of the Board.

                               National Credit Union Administration--Prerule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4514         Investment and Deposit Activities..................................................     3133-AC49
----------------------------------------------------------------------------------------------------------------


                           National Credit Union Administration--Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4515         Corporate Credit Unions............................................................     3133-AC28
4516         Requirements for Insurance.........................................................     3133-AC33
4517         Credit Practices...................................................................     3133-AC34
4518         Requirements for Insurance.........................................................     3133-AC46
4519         Eligible Obligations --; Conflict of Interest Provision............................     3133-AC51
4520         Reimbursement, Insurance, and Indemnification of Officials and Employees...........     3133-AC54
4521         Consumer Protections for Federally Insured Credit Unions Sale of Nondeposit             3133-AC56
            Investments.........................................................................
----------------------------------------------------------------------------------------------------------------


                             National Credit Union Administration--Final Rule Stage
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4522         Regulatory Flexibility and Exemption Program.......................................     3133-AC38
4523         OMB Control Numbers................................................................     3133-AC52
4524         Definitions and Technical Amendments...............................................     3133-AC53
4525         Truth in Savings...................................................................     3133-AC57
4526         Nondiscrimination in Federally Assisted Programs...................................     3133-AC59
----------------------------------------------------------------------------------------------------------------


[[Page 62719]]


                            National Credit Union Administration--Completed Actions
----------------------------------------------------------------------------------------------------------------
                                                                                                    Regulation
 Sequence                                          Title                                          Identification
  Number                                                                                              Number
----------------------------------------------------------------------------------------------------------------
4527         Incidental Powers..................................................................     3133-AC07
4528         Records Preservation Program and Record Retention Appendix.........................     3133-AC41
4529         Credit Practices...................................................................     3133-AC43
4530         Prepayment Fees to Federal Home Loan Bank..........................................     3133-AC44
4531         Credit Union Service Organizations (CUSOs).........................................     3133-AC45
4532         Community Development Revolving Loan Program for Credit Unions.....................     3133-AC47
4533         Interpretive Ruling and Policy Statement (IRPS-01-2) Central Liquidity Facility         3133-AC48
            Advance Policy......................................................................
4534         Requirements for Insurance (Subpart B).............................................     3133-AC55
4535         Nondiscrimination in Advertising...................................................     3133-AC58
----------------------------------------------------------------------------------------------------------------

_______________________________________________________________________


National Credit Union Administration (NCUA)               Prerule Stage


  



_______________________________________________________________________




4514. 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 intends to solicit 
comments on how to update and clarify NCUA's investment and deposit 
activities rules.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           10/26/01                    66 FR 54168
ANPRM Comment Period End        01/24/02

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: [email protected]

RIN: 3133-;AC49
_______________________________________________________________________


National Credit Union Administration (NCUA)         Proposed Rule Stage


  



_______________________________________________________________________




4515. 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 requests public comment on revisions to the rule 
governing corporate credit unions. As part of its regulatory review 
process, NCUA has identified provisions for further clarification or 
revision. Comments on these issues will assist NCUA in its regulatory 
review process.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           07/28/99                    64 FR 40787
ANPRM Comment Period End        11/26/99
ANPRM                           11/22/00                    65 FR 70319
ANPRM Comment Period End        02/20/01
NPRM                            09/21/01                    66 FR 48742
NPRM Comment Period End         12/20/01

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: [email protected]

RIN: 3133-;AC28
_______________________________________________________________________




4516. 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 is soliciting 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
NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

[[Page 62720]]

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: [email protected]

RIN: 3133-;AC33
_______________________________________________________________________




4517. 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 issued a 
second proposal for comment.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/26/00                    65 FR 64168
NPRM Comment Period End         12/26/00
NPRM                            12/00/01
NPRM Comment Period End         02/00/02
Final Action                    05/00/02

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: [email protected]

RIN: 3133-;AC34
_______________________________________________________________________




4518. REQUIREMENTS FOR INSURANCE

Priority: Substantive, Nonsignificant. Major status under 5 USC 801 is 
undetermined.

Legal Authority: 12 USC 1757; 12 USC 1766; 12 USC 1781 to 1790

CFR Citation: 12 CFR 741

Legal Deadline: None

Abstract: Currently, only credit unions with over $50,000,000 in assets 
file quarterly call reports. NCUA is considering moving to a risk-
based, flexible schedule examination program. This proposal requests 
comment on whether, as a condition of implementation of that program, 
all credit unions should file quarterly call reports.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/03/01                    66 FR 40642
NPRM Comment Period End         11/01/01
Final Action                    03/00/02

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: [email protected]

RIN: 3133-;AC46
_______________________________________________________________________




4519. 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 plans to propose a conflict of interest provision for this 
section, similar to section 701.21(c)(8)(i) of the lending rule.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            01/00/02

Regulatory Flexibility Analysis Required: Undetermined

Small Entities Affected: No

Government Levels Affected: None

Federalism:  Undetermined

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
Email: [email protected]

RIN: 3133-;AC51
_______________________________________________________________________




4520. REIMBURSEMENT, INSURANCE, AND INDEMNIFICATION OF OFFICIALS AND 
EMPLOYEES

Priority: Substantive, Nonsignificant

Legal Authority: Not Yet Determined

CFR Citation: 12 CFR 701.33

Legal Deadline: None

Abstract: Revise regulation to clarify, streamline and update to 
include recent interpretations.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            08/03/01                    66 FR 40641
NPRM Comment Period End         10/03/01
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

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
Email: [email protected]

RIN: 3133-;AC54
_______________________________________________________________________




4521.  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 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

________________________________________________________________________

NPRM                            12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Mary F. Rupp, Staff Attorney, Office of General 
Counsel,

[[Page 62721]]

National Credit Union Administration, 1775 Duke Street, Alexandria, VA 
22314-3428
Phone: 703 518-6540
Email: [email protected]

RIN: 3133-;AC56
_______________________________________________________________________


National Credit Union Administration (NCUA)            Final Rule Stage


  



_______________________________________________________________________




4522. REGULATORY FLEXIBILITY AND EXEMPTION PROGRAM

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1757; 12 USC 1756; 12 USC 1766

CFR Citation: 12 CFR 742

Legal Deadline: None

Abstract: NCUA solicited public comment on whether NCUA should adopt a 
regulation that would permit well capitalized credit unions to be 
exempt from certain NCUA regulations, in whole or in part.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           03/22/00                    65 FR 15275
ANPRM Comment Period End        05/22/00
NPRM                            03/15/01                    66 FR 15055
NPRM Comment Period End         05/14/01
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: Undetermined

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: [email protected]

RIN: 3133-;AC38
_______________________________________________________________________




4523. OMB CONTROL NUMBERS

Priority: Substantive, Nonsignificant

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                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
Email: [email protected]

RIN: 3133-;AC52
_______________________________________________________________________




4524. DEFINITIONS AND TECHNICAL AMENDMENTS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1752; 12 USC 1755 to 1757; 12 USC 1759; 12 USC 
1761; 12 USC 1766 to 1767; ...

CFR Citation: 12 CFR 700; 12 CFR 701; 12 CFR 712; 12 CFR 723; 12 CFR 
725; ...

Legal Deadline: None

Abstract: NCUA plans to amend various rules to make technical 
corrections and revise certain definitions.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            06/21/01                    66 FR 33211
NPRM Comment Period End         08/20/01
Final Action                    12/00/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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
Email: [email protected]

RIN: 3133-;AC53
_______________________________________________________________________




4525.  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 is amending 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              12/00/01

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: [email protected]

RIN: 3133-;AC57
_______________________________________________________________________




4526.  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: Not Yet Determined

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

________________________________________________________________________

Final Action                    12/00/01
Final Action Effective          01/00/02

[[Page 62722]]

Regulatory Flexibility Analysis Required: No

Small Entities Affected: No

Government Levels Affected: None

Agency Contact: Paul M. Peterson, Staff Attorney, National Credit Union 
Administration, 1775 Duke Street, Alexandria, VA 22314-3428
Phone: 703 518-6555
Fax: 703 518-6569
Email: [email protected]

RIN: 3133-;AC59
_______________________________________________________________________


National Credit Union Administration (NCUA)           Completed Actions


  



_______________________________________________________________________




4527. INCIDENTAL POWERS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1757(16); 12 USC 1766; 12 USC 1789

CFR Citation: 12 CFR 721

Legal Deadline: None

Abstract: The NCUA revised this part to categorize activities deemed to 
be within the incidental powers of a Federal credit union.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

ANPRM                           11/26/99                    64 FR 66413
NPRM                            11/24/00                    65 FR 70526
Final Action                    08/06/01                    66 FR 40845
Final Action Effective          09/05/01

Regulatory Flexibility Analysis Required: 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: [email protected]

RIN: 3133-;AC07
_______________________________________________________________________




4528. RECORDS PRESERVATION PROGRAM AND RECORD RETENTION APPENDIX

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1766

CFR Citation: 12 CFR 749

Legal Deadline: None

Abstract: Review and update provisions regarding record retention 
requirements and electronic storage.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/23/01                    66 FR 11239
NPRM Comment Period End         04/24/01
Final Action                    08/03/01                    66 FR 40579
Final Action Effective          09/04/01

Regulatory Flexibility Analysis Required: 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
Email: [email protected]

RIN: 3133-;AC41
_______________________________________________________________________




4529. CREDIT PRACTICES

Priority: Substantive, Nonsignificant

Legal Authority: 15 USC 57a; 15 USC 1681b

CFR Citation: 12 CFR 706

Legal Deadline: None

Abstract: NCUA has postponed its consideration of a broad advance 
notice of proposed rulemaking regarding the Fair Credit Reporting Act 
(FCRA) until NCUA and the bank regulatory agencies complete their FCRA 
opt-out notice rulemaking.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Withdrawn                       07/31/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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: [email protected]

RIN: 3133-;AC43
_______________________________________________________________________




4530. PREPAYMENT FEES TO FEDERAL HOME LOAN BANK

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1787

CFR Citation: 12 CFR 709

Legal Deadline: None

Abstract: NCUA adopted a rule clarifying that as conservator or 
liquidating agent of a federally insured credit union, the NCUA Board 
will honor a claim for prepayment fees by a Federal Home Loan Bank 
under certain circumstances.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              02/23/01                    66 FR 11229
Interim Final Rule Comment 
Period End                      04/24/01
Final Action                    08/03/01                    66 FR 40574
Final Action Effective          09/04/01

Regulatory Flexibility Analysis Required: No

Small Entities Affected: 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: [email protected]

RIN: 3133-;AC44
_______________________________________________________________________




4531. CREDIT UNION SERVICE ORGANIZATIONS (CUSOS)

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1756; 12 USC 1757(5)(D) and (7)(I); 12 USC 
1766; 12 USC 1782; 12 USC 1784; ...

CFR Citation: 12 CFR 712

Legal Deadline: None

Abstract: The final rule clarifies that the list of permissible 
activities in the CUSO rule is intended to establish broad categories 
of permissible activities and that the listings under these categories 
are illustrative not exhaustive. The final rule also adds a federally 
chartered corporation to the list of permissible structures for a CUSO.

[[Page 62723]]

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            02/22/01                    66 FR 11125
NPRM Comment Period End         04/23/01
Final Action                    08/03/01                    66 FR 40575
Final Action Effective          09/04/01

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: [email protected]

RIN: 3133-;AC45
_______________________________________________________________________




4532. COMMUNITY DEVELOPMENT REVOLVING LOAN PROGRAM FOR CREDIT UNIONS

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1772C-1; 42 USC 9822

CFR Citation: 12 CFR 705

Legal Deadline: None

Abstract: The NCUA revised its regulations pertaining to the Community 
Development Revolving Loan Program for Credit Unions (CDRLP) to make 
more flexible the manner in which NCUA may deliver technical assistance 
to participating credit unions. This revision reflects the board 
authority granted to NCUA by the Federal Credit Union Act (Act) in this 
context.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

Interim Final Rule              12/21/00                    65 FR 80298
Interim Final Rule Comment 
Period End                      02/20/01
Final Action                    04/26/01                    66 FR 20901
Final Action Effective          04/26/01

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: [email protected]

RIN: 3133-;AC47
_______________________________________________________________________




4533. INTERPRETIVE RULING AND POLICY STATEMENT (IRPS-01-2) CENTRAL 
LIQUIDITY FACILITY ADVANCE POLICY

Priority: Substantive, Nonsignificant

Legal Authority: 12 USC 1795 to 1795F

CFR Citation: 12 CFR 725

Legal Deadline: None

Abstract: The policy statement is intended to clarify the role of the 
Central Liquidity Facility (CLF) and the circumstances when the CLF 
will approve a regulator or agent member's request for a CLF advance.

Timetable:
________________________________________________________________________

Action                            Date                      FR Cite

________________________________________________________________________

NPRM                            10/25/00                    65 FR 63892
NPRM Comment Period End         01/23/01
Final Action                    04/26/01                    66 FR 21019
Final Action Effective          05/29/01

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: [email protected]

RIN: 3133-;AC48
