National Credit Union Administration September 6, 2011 – Federal Register Recent Federal Regulation Documents

NCUA is issuing proposed amendments to its rule governing corporate credit unions (corporates). The proposed amendments clarify certain provisions and make some technical corrections to the rule. The amendments: delete the definition of ``daily average net risk-weighted assets,'' revise the definition of ``net assets'' to exclude Central Liquidity Facility (CLF) stock subscriptions, clarify certain requirements regarding investment action plans, clarify the weighted average life (WAL) tests, revise the consequences of WAL violations, substitute the term ``core capital'' for the phrase ``the sum of retained earnings and paid-in capital,'' correct a section heading, and correct a model form instruction.