83 FR 10783 - Requirements for Insurance; National Credit Union Share Insurance Fund Equity Distributions; Correction

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 83, Issue 49 (March 13, 2018)

On February 23, 2018, the NCUA Board (Board) issued a final rule adopting amendments to its share insurance requirements rule to provide stakeholders with greater transparency regarding the calculation of each eligible financial institution's pro rata share of a declared equity distribution from the National Credit Union Share Insurance Fund (NCUSIF). A clerical error appeared which confuses what CFR unit is being amended. This document corrects that error.

[Federal Register Volume 83, Number 49 (Tuesday, March 13, 2018)]
[Rules and Regulations]
[Pages 10783-10784]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05056]


=======================================================================
-----------------------------------------------------------------------

NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Part 741

RIN 3133-AE77


Requirements for Insurance; National Credit Union Share Insurance 
Fund Equity Distributions; Correction

AGENCY: National Credit Union Administration (NCUA).

ACTION: Final rule; correction.

-----------------------------------------------------------------------

SUMMARY: On February 23, 2018, the NCUA Board (Board) issued a final 
rule adopting amendments to its share insurance requirements rule to 
provide stakeholders with greater transparency regarding the 
calculation of each eligible financial institution's pro rata share of 
a declared equity distribution from the National Credit Union Share 
Insurance Fund (NCUSIF). A clerical error appeared which confuses what 
CFR unit is being amended. This document corrects that error.

DATES: This correction is effective March 26, 2018.

FOR FURTHER INFORMATION CONTACT: Benjamin M. Litchfield, Staff 
Attorney, Office of General Counsel, at (703) 518-6540; or Steve 
Farrar, Supervisory Financial Analyst, Office of Examination and 
Insurance, at (703) 518-6360. You may also contact them at the National 
Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 
22314-3428.

SUPPLEMENTARY INFORMATION: On February 23, 2018, at 83 FR 7954, the 
Board issued a final rule adopting amendments to 12 CFR part 741. In 
amendments to appendices A, B, and C to part 741, incorrect headings 
appeared above amendatory instructions 4 and 5 on page 7964 identifying 
the wrong CFR part. Instruction 5 omitted the part number.
    Therefore, FR Rule Doc. No. 2018-03622, published on February 23, 
2018, beginning on page 7954, is corrected as follows:

0
1. On page 7964, in the center column, the heading above amendatory 
instruction 4 is corrected to read as follows:

[[Page 10784]]

Appendix A to Part 741 [Removed]

0
2. On page 7964, in the center column, the heading above amendatory 
instruction 5 and amendatory instruction 5 are corrected to read as 
follows:

Appendices B and C to Part 741 [Redesignated as Appendices A and B to 
Part 741]

0
5. Redesignate appendix B and appendix C to part 741 as appendix A and 
appendix B to part 741, respectively.

    By the National Credit Union Administration Board on March 7, 
2018.
 Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2018-05056 Filed 3-12-18; 8:45 am]
 BILLING CODE 7535-01-P