Bankowość i finanse · 23.05.1995

Corporate Credit Unions; Requirements for Insurance

On April 13, 1995, the NCUA Board issued a proposed rule revising its regulations governing corporate credit unions and requirements for insurance. 60 FR 20438 (April 26, 1995). Comments were requested by June 26, 1995. The supplementary section of the proposed rule indicated that NCUA would be conducting analytical assessments of the proposed regulation's effect on corporate credit union earnings and capital accumulation. 60 FR at 20443. NCUA has been working with an outside firm to provide such assessments, using simulation modeling techniques. The process has proved to be more time-consuming than envisioned, due to the need to tailor existing modeling programs to the specifics of corporate credit union balance sheets. The NCUA Chairman indicated at the April 13, 1995, Board meeting that the comment period would be extended if additional time were needed because of unanticipated circumstances. The Board has determined that additional time is necessary to allow NCUA and the public sufficient opportunity to analyze the results of the modeling process and the implications for the proposed regulation. Accordingly, the comment period is being extended 60 days to August 25, 1995.