Temporary Corporate Credit Union Liquidity Guarantee Program, 68450 [E8-27274]

Download as PDF 68450 Federal Register / Vol. 73, No. 223 / Tuesday, November 18, 2008 / Notices FOR FURTHER INFORMATION CONTACT: Roger Moncarz, Office of Occupational Statistics and Employment Projections, Bureau of Labor Statistics, telephone number 202–691–5694, or by e-mail at educfeedback@bls.gov. SUPPLEMENTARY INFORMATION: I. Background The Department of Labor through the Bureau of Labor Statistics (BLS) is responsible for the development and publication of occupational employment projections and related career information, including the education or training requirements for detailed occupations. These requirements are identified and estimated using one of two different systems developed by the Employment Projections program: the ‘‘education or training category’’ system and the ‘‘educational attainment cluster’’ system. Results from both systems are published in the Occupational Projections and Training Data and in a searchable database on the Employment Projections web site. Presenting data using two different systems has led to some confusion among customers of the Employment Projections program about which system to use and how to use them. BLS is currently soliciting comments on a proposal to revise the two systems into one integrated system. II. Current Action BLS proposes modifications to both the education or training category and the educational attainment cluster systems to more fully integrate the two. The old systems assigned an education cluster and/or an education, work experience, or on-the-job training category to each occupation. The modifications include eliminating the cluster data and rating each occupation on all three categories: education, onthe-job training, and work experience. Access the detailed description of the proposed modification to the Employment Projections program education and training classification systems and examples of the new system at the following internet address: https://www.bls.gov/emp/edunotice.htm. dwashington3 on PRODPC61 with NOTICES III. Desired Focus of Comments Comments and recommendations are requested from the public on the following aspects of the proposed education and training system: • The clarity of the new system of assigning an education, on-the-job training, and work experience category to each occupation. • The clarity of the proposed education categories. VerDate Aug<31>2005 16:13 Nov 17, 2008 Jkt 217001 • The suitability of the new system to meet the needs of customers. • The understanding of how the new system is to be used. • The usefulness of the new integrated system compared to the old ones. Signed at Washington, DC, this 12th day of November 2008. Cathy Kazanowski, Chief, Division of Management Systems, Bureau of Labor Statistics. [FR Doc. E8–27330 Filed 11–17–08; 8:45 am] BILLING CODE 4510–24–P NATIONAL CREDIT UNION ADMINISTRATION Sunshine Act; Notice of Agency Meeting 10 a.m., Thursday, November 20, 2008. PLACE: Board Room, 7th Floor, Room 7047, 1775 Duke Street, Alexandria, VA 22314–3428. STATUS: Open. MATTERS TO BE CONSIDERED: 1. NCUA’s Examination Program. 2. NCUA’s 2009/2010 Operating Budget. 3. NCUA’s Overhead Transfer Rate. 4. NCUA’s Operating Fee Scale. 5. Final Rule—Part 702 of NCUA’s Rules and Regulations, Prompt Corrective Action. 6. Final Rule—Parts 701 and 705 of NCUA Rules and Regulations, Low Income Definition. 7. Final Rule—Part 701 of NCUA Rules and Regulations, Interpretive Ruling and Policy Statement (IRPS) 08– 2, Criteria to approve service to underserved areas. 8. Quarterly Insurance Fund Report. FOR FURTHER INFORMATION CONTACT: Mary Rupp, Secretary of the Board, Telephone: 703–518–6304. TIME AND DATE: Hattie Ulan, Acting Board Secretary. [FR Doc. E8–27393 Filed 11–14–08; 11:15 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Temporary Corporate Credit Union Liquidity Guarantee Program National Credit Union Administration (NCUA). ACTION: Notice. AGENCY: SUMMARY: This notice contains information about the National Credit PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 Union Administration’s Temporary Corporate Credit Union Liquidity Guarantee Program (TCCULGP). ADDRESSES: 1775 Duke Street, Alexandria, Virginia 22314. FOR FURTHER INFORMATION CONTACT: David Shetler, Senior Corporate Analyst, Office of Corporate Credit Unions, at the above address or telephone (703) 518–6646. SUPPLEMENTARY INFORMATION: On October 16, 2008, the National Credit Union Administration Board approved the TCCULGP. Under the terms of the TCCULGP, the National Credit Union Share Insurance Fund will guarantee certain unsecured debt of participating corporate credit unions issued from October 16, 2008 through June 30, 2009. Types of qualifying debt obligations generally include federal funds purchased, promissory notes, commercial paper, and unsubordinated unsecured notes. NCUA’s guarantee is subject to terms and conditions. In addition, corporate credit unions may elect not to participate in the TCCULGP, and those credit unions that do participate may elect not to offer the NCUA guarantee on all qualifying debt obligations. To ensure that a particular debt obligation is covered by the guarantee, creditors wishing to take advantage of the NCUA guarantee must: (1) Ensure the corporate credit union has elected to participate in the TCCULP; (2) Ensure the debt obligation qualifies for coverage under the terms and conditions of the TCCULGP, and (3) Obtain and record a confirmation, issued by the participating corporate credit union contemporaneous with the issuance of the debt obligation, that the credit union intends that particular obligation to be guaranteed by the NCUA. Once guaranteed by NCUA, qualifying debt will remain guaranteed until the debt is fully repaid. NCUA will publish a list of participating corporate credit unions on the web on November 18, 2008 at https:// www.ncua.gov/CorporateCU/index.htm. For more information about the TCCULGP, including terms, conditions, and participants, interested parties may contact Senior Analyst Dave Shetler of the NCUA Office of Corporate Credit Unions. Authority: 12 U.S.C. 1766(a), 1766(i)(2), 1783(a), 1788(a)(1), and 1789(a)(7). Dated: November 12, 2008. Hattie Ulan, Acting Secretary of the Board. [FR Doc. E8–27274 Filed 11–17–08; 8:45 am] BILLING CODE 7535–01–P E:\FR\FM\18NON1.SGM 18NON1

Agencies

National Credit Union Administration

[Federal Register Volume 73, Number 223 (Tuesday, November 18, 2008)]
[Notices]
[Page 68450]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-27274]


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NATIONAL CREDIT UNION ADMINISTRATION


Temporary Corporate Credit Union Liquidity Guarantee Program

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: This notice contains information about the National Credit 
Union Administration's Temporary Corporate Credit Union Liquidity 
Guarantee Program (TCCULGP).

ADDRESSES: 1775 Duke Street, Alexandria, Virginia 22314.

FOR FURTHER INFORMATION CONTACT: David Shetler, Senior Corporate 
Analyst, Office of Corporate Credit Unions, at the above address or 
telephone (703) 518-6646.

SUPPLEMENTARY INFORMATION:
    On October 16, 2008, the National Credit Union Administration Board 
approved the TCCULGP. Under the terms of the TCCULGP, the National 
Credit Union Share Insurance Fund will guarantee certain unsecured debt 
of participating corporate credit unions issued from October 16, 2008 
through June 30, 2009. Types of qualifying debt obligations generally 
include federal funds purchased, promissory notes, commercial paper, 
and unsubordinated unsecured notes.
    NCUA's guarantee is subject to terms and conditions. In addition, 
corporate credit unions may elect not to participate in the TCCULGP, 
and those credit unions that do participate may elect not to offer the 
NCUA guarantee on all qualifying debt obligations.
    To ensure that a particular debt obligation is covered by the 
guarantee, creditors wishing to take advantage of the NCUA guarantee 
must:
    (1) Ensure the corporate credit union has elected to participate in 
the TCCULP;
    (2) Ensure the debt obligation qualifies for coverage under the 
terms and conditions of the TCCULGP, and
    (3) Obtain and record a confirmation, issued by the participating 
corporate credit union contemporaneous with the issuance of the debt 
obligation, that the credit union intends that particular obligation to 
be guaranteed by the NCUA.
    Once guaranteed by NCUA, qualifying debt will remain guaranteed 
until the debt is fully repaid.
    NCUA will publish a list of participating corporate credit unions 
on the web on November 18, 2008 at https://www.ncua.gov/CorporateCU/index.htm.
    For more information about the TCCULGP, including terms, 
conditions, and participants, interested parties may contact Senior 
Analyst Dave Shetler of the NCUA Office of Corporate Credit Unions.

    Authority: 12 U.S.C. 1766(a), 1766(i)(2), 1783(a), 1788(a)(1), 
and 1789(a)(7).

    Dated: November 12, 2008.
Hattie Ulan,
Acting Secretary of the Board.
[FR Doc. E8-27274 Filed 11-17-08; 8:45 am]
BILLING CODE 7535-01-P

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