← Independent regulator rules (SEC/Fed/FDIC/SBA/FTC/NCUA/CPSC/FHFA/EEOC/NLRB)

Corporate Credit Unions

NCUA · final-rule · Published 2011-12-22 · Effective 2012-01-23 · 76 FR 79531

Document

Document number
2011-32721
Federal Register citation
76 FR 79531
CFR reference
12 CFR 704
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2011-12-22
Effective date
2012-01-23

Abstract

NCUA is issuing final amendments to its rule governing corporate credit unions (corporates). The final amendments make technical corrections to and clarify certain provisions of the rule. The amendments: delete the definition of "daily average net risk- weighted assets"; revise the definition of "net assets" to exclude Central Liquidity Facility (CLF) stock subscriptions; clarify certain requirements regarding investment action plans; clarify the weighted average life (WAL) tests; revise the consequences of WAL violations; substitute the term "core capital" for the phrase "the sum of retained earnings and paid-in capital"; correct a section heading; and correct a model form instruction.

Source

Authoritative
Federal Register document
Machine
JSON-LD · Markdown