Corporate Credit Unions: Requirements for Insurance

NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Part 704

Corporate Credit Unions: Requirements for Insurance

AGENCY: National Credit Union Administration (NCUA).

ACTION: Proposed rule; Extension of comment period.

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SUMMARY: On June 4, 1996, (61 FR 28085), the National Credit Union

Administration (NCUA) published for public comment a proposed rule

revising its regulations governing corporate credit unions and

requirements for insurance. The comment period for this proposed rule

was to have expired on September 3, 1996. On July 23, 1996, the NCUA

published for public comment a related proposed rule which would add a

new section governing wholesale corporate credit unions (61 FR 38117).

In order to provide the public with sufficient time to analyze the June

4, 1996 proposed rule and the July 23, 1996 proposed rule, the NCUA has

decided to extend the comment periods of both rules until October 18,

1996.

DATES: The comment period has been extended and now expires October 18,

1996. Comments must be received on or before October 18, 1996.

ADDRESSES: Comments should be directed to Becky Baker, Secretary of the

Board. Mail or hand-deliver comments to: National Credit Union

Administration Board, 1775 Duke Street, Alexandria, Virginia 22314-

3428. Fax comments to (703) 518-6319. Post comments on NCUA's

electronic bulletin board by dialing (703) 518-6480. Please send

comments by one method only.

FOR FURTHER INFORMATION CONTACT:

Robert F. Schafer, Acting Director, Office of Corporate Credit Unions,

(703) 518-6640, or at the above address.

By the National Credit Union Administration Board on August 6,

1996.

Becky Baker,

Secretary of the Board.

[FR Doc. 96-20492 Filed 8-9-96; 8:45 am]

BILLING CODE 7535-01-M