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Share Insurance and Appendix

NCUA · final-rule · Published 1996-11-27 · Effective 1996-11-27 · 61 FR 60185

Document

Document number
96-30287
Federal Register citation
61 FR 60185
CFR reference
12 CFR 745
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
1996-11-27
Effective date
1996-11-27

Abstract

Currently, the NCUA Rules and Regulations include dividends accrued and posted to share accounts for any prior accounting period as principal for determining the amount of share insurance on insured accounts. To provide equitable treatment, the NCUA Board is amending the regulations to provide authority for the liquidating agent to include dividends earned or accrued in the normal course of business but not posted in the determination of the amount of share insurance on insured accounts. An outdated reference in the Regulations regarding time computation is updated.

Source

Authoritative
Federal Register document
Machine
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