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Investment and Deposit Activities

NCUA · final-rule · Published 1997-12-04 · Effective 1998-01-01 · 62 FR 64146

Document

Document number
97-31504
Federal Register citation
62 FR 64146
CFR reference
12 CFR 703
Type
Rule
Action
Interim final rule with request for comments.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
1997-12-04
Effective date
1998-01-01

Abstract

On June 12, 1997, the NCUA Board issued comprehensive final amendments to the NCUA Rules and Regulations on investment and deposit activities. Two new provisions will result in a number of credit unions having to significantly change the way they do business with broker- dealers, which was not NCUA's intention. In addition, there are a few minor errors in the regulatory language. This document revises the two broker-dealer provisions to make them consistent with NCUA's intent and corrects the minor errors.

Source

Authoritative
Federal Register document
Machine
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