83_FR_24755 83 FR 24651 - Involuntary Liquidation of Federal Credit Unions and Claims Procedures

83 FR 24651 - Involuntary Liquidation of Federal Credit Unions and Claims Procedures

NATIONAL CREDIT UNION ADMINISTRATION

Federal Register Volume 83, Issue 104 (May 30, 2018)

Page Range24651-24652
FR Document2018-11588

The NCUA Board (Board) is amending part 709 of its rules to update and clarify the procedures that apply to claims administration for federally insured credit unions that enter involuntary liquidation. Specifically, the final rule amends the payout priority provision by specifying the conditions that claims in the nature of severance must meet to be allowed as provable claims.

Federal Register, Volume 83 Issue 104 (Wednesday, May 30, 2018)
[Federal Register Volume 83, Number 104 (Wednesday, May 30, 2018)]
[Rules and Regulations]
[Pages 24651-24652]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-11588]



========================================================================
Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 

========================================================================


Federal Register / Vol. 83, No. 104 / Wednesday, May 30, 2018 / Rules 
and Regulations

[[Page 24651]]



NATIONAL CREDIT UNION ADMINISTRATION

12 CFR Part 709

RIN 3133-AE82


Involuntary Liquidation of Federal Credit Unions and Claims 
Procedures

AGENCY: National Credit Union Administration (NCUA).

ACTION: Final rule.

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

SUMMARY: The NCUA Board (Board) is amending part 709 of its rules to 
update and clarify the procedures that apply to claims administration 
for federally insured credit unions that enter involuntary liquidation. 
Specifically, the final rule amends the payout priority provision by 
specifying the conditions that claims in the nature of severance must 
meet to be allowed as provable claims.

DATES: The rule is effective June 29, 2018.

FOR FURTHER INFORMATION CONTACT: Ian Marenna, Senior Trial Attorney, at 
1775 Duke Street, Alexandria, Virginia 22314, or telephone: (703) 518-
6540.

SUPPLEMENTARY INFORMATION:

I. Background

    Section 1217 of the Financial Institutions Reform, Recovery and 
Enforcement Act of 1989 (FIRREA) \1\ amended the Federal Credit Union 
Act (FCU Act) by adding Section 207(b), thereby creating a 
comprehensive statutory framework for the liquidation of federally 
insured credit unions.\2\ Section 207(b)(4) authorizes the Board to 
``prescribe regulations regarding the allowance or disallowance of 
claims by the liquidating agent and providing for administrative 
determination of claims and review of such determination.'' \3\ In 
accordance with this authority, the Board adopted part 709 in 1991.\4\
---------------------------------------------------------------------------

    \1\ Sec. 1217(a)(3), (4), Public Law 101-73. Sec. 1217(a)(3), 
(4).
    \2\ 12 U.S.C. 1787(b).
    \3\ 12 U.S.C. 1787(b)(4).
    \4\ 56 FR 56925 (Nov. 7, 1991).
---------------------------------------------------------------------------

    Under a separate provision of the FCU Act, the Board is authorized 
to prohibit or limit ``golden parachute payments,'' defined to include 
payments that are contingent on the termination of the party's 
employment at the credit union and that are made when the credit union 
is in troubled financial condition.\5\ Part 750 of the NCUA's 
regulations contains explicit limitations on the ability of an 
institution affiliated party to pursue a severance claim with the 
liquidating agent after a credit union has become insolvent and is 
placed in conservatorship or liquidation.\6\
---------------------------------------------------------------------------

    \5\ 12 U.S.C. 1786(t)(4); 12 CFR 750.1(d).
    \6\ 12 CFR 750.7.
---------------------------------------------------------------------------

    In January 2018, the Board issued a proposed rule and request for 
public comment in which it proposed to clarify how the agency will 
handle severance claims in involuntary liquidations.\7\ Specifically, 
the Board proposed to create an exception to the generally applicable 
bar on severance claims in liquidation that is codified in the NCUA's 
regulation governing golden parachute payments. As reflected in the 
proposed regulatory text, the Board proposed to elaborate on the 
definition of permissible employment-related claims in involuntary 
liquidations to include vacation, sick, and severance pay if the 
payment is supported by an employee handbook or other credit union 
record and is calculable in accordance with a formula or criteria 
available to all employees. This proposed allowance for some severance 
claims, as explained in the proposed rule preamble, is an exception to 
the general rule in part 750 providing that all claims for employee 
welfare benefits are not provable against the liquidating agent for a 
failed insured credit union.
---------------------------------------------------------------------------

    \7\ 83 FR 4450 (Jan. 31, 2018).
---------------------------------------------------------------------------

    As explained in the next section, after reviewing the six public 
comment letters on the proposed rule, the Board adopts the proposal as 
a final rule without change.

II. Summary of Comments

    The NCUA received six comment letters in response to the proposed 
rule--two from credit union trade organizations, three from credit 
union leagues and associations, and one from a credit union. All 
commenters generally supported the proposed rule's purpose of 
clarifying the relationship between the golden parachute regulation and 
the involuntary liquidation claims procedures. One commenter suggested 
that the Board permit separately-negotiated executive agreements to 
form the basis of allowable severance claims under part 709. The 
commenter expressed concern that excluding such agreements from the 
scope of allowable claims under part 709 could affect credit unions' 
ability to retain executives.
    As the proposed regulatory text indicates, the Board proposed to 
update part 709 to recognize that severance claims meeting specific 
criteria would be allowable in involuntary liquidation despite the 
general bar on such payments in part 750. Although the Board recognizes 
that the specific criteria set forth in the proposed regulatory text 
may be narrower than all payments that may be permissible or subject to 
NCUA approval under part 750, it is important to note that, prior to 
this rulemaking, the regulations provided that all claims for employee 
welfare benefits are not provable against the liquidating agent.
    The proposed rule was designed to allow an exception to the general 
rule in part 750 but not repeal it. The Board is not persuaded that it 
should seek to expand the scope of that exception now. Attracting and 
retaining effective management is an important consideration, but the 
rule change does not negatively affect this interest. Indeed, it 
creates more certainty for severance claims in involuntary liquidations 
and affords the opportunity to all employees to be eligible to claim 
these benefits when the claims are based on the fair, objective factors 
described in the proposed regulatory text. The Board notes that this 
rule only affects involuntary liquidations, which are infrequent, with 
only five occurring in 2017, for example.\8\
---------------------------------------------------------------------------

    \8\ See https://www.ncua.gov/services/Pages/closed-credit-unions/2017.aspx.
---------------------------------------------------------------------------

    Accordingly, the Board adopts the proposed rule without change.

III. Regulatory Procedures

Regulatory Flexibility Act

    The Regulatory Flexibility Act requires the NCUA to prepare an 
analysis to describe any significant

[[Page 24652]]

economic impact a rule may have on a substantial number of small 
entities (primarily those under $100 million in assets). The severance 
provision imposes no new requirements on credit unions. Instead, it 
provides a limited exception to an existing regulation that applies to 
liquidated credit unions. Accordingly, the final rule will not have a 
significant economic impact on a substantial number of small credit 
unions, and therefore, no regulatory flexibility analysis is required.

Paperwork Reduction Act

    The Paperwork Reduction Act of 1995 (PRA) applies to rulemakings in 
which an agency by rule creates a new paperwork burden on regulated 
entities or modifies an existing burden. 44 U.S.C. 3507(d). For 
purposes of the PRA, a paperwork burden may take the form of either a 
reporting or a recordkeeping requirement, both referred to as 
information collections. Part 709 only concerns credit unions that have 
failed and imposes no information collection requirements on existing 
credit unions. Accordingly, there are no PRA implications.

Small Business Regulatory Enforcement Fairness Act of 1996

    The Small Business Regulatory Enforcement Fairness Act of 1996 
(SBREFA) provides generally for congressional review of agency rules. A 
reporting requirement is triggered in instances where the NCUA issues a 
final rule as defined by Section 551 of the Administrative Procedure 
Act. The NCUA does not believe this final rule is a ``major rule'' 
within the meaning of the relevant sections of SBREFA. The NCUA has 
submitted the rule to the Office of Management and Budget for its 
determination in that regard.

Executive Order 13132

    Executive Order 13132 encourages independent regulatory agencies to 
consider the impact of their actions on state and local interests. In 
adherence to fundamental federalism principles, the NCUA, an 
independent regulatory agency as defined in 44 U.S.C. 3502(5), 
voluntarily complies with the executive order. This final rule will 
clarify certain procedures for the NCUA's administration of liquidated 
federally insured credit unions. This final rule will not have a 
substantial direct effect on the states, on the connection between the 
national government and the states, or on the distribution of power and 
responsibilities among the various levels of government. The Board has 
determined that the final rule does not constitute a policy that has 
federalism implications for purposes of the executive order.

The Treasury and General Government Appropriations Act, 1999--
Assessment of Federal Regulations and Policies on Families

    The NCUA has determined that the final rule will not affect family 
well-being within the meaning of section 654 of the Treasury and 
General Government Appropriations Act, 1999, Public Law 105-277, 112 
Stat. 2681 (1998).

List of Subjects in 12 CFR Part 709

    Credit unions, Involuntary liquidation.

    By the National Credit Union Administration Board, on May 24, 
2018.
Gerard Poliquin,
Secretary of the Board.

    For the reasons discussed above, the NCUA Board amends 12 CFR part 
709 as follows:

PART 709--INVOLUNTARY LIQUIDATION OF FEDERAL CREDIT UNIONS AND 
ADJUDICATION OF CREDITOR CLAIMS INVOLVING FEDERALLY INSURED CREDIT 
UNIONS IN LIQUIDATION

0
1. The authority citation for part 709 is revised to read as follows:

    Authority: 12 U.S.C. 1757, 1766, 1767, 1786(h), 1786(t), and 
1787(b)(4), 1788, 1789, 1789a.


0
2. Revise paragraph (b)(2) of Sec.  709.5 to read as follows:


Sec.  709.5   Payout priorities in involuntary liquidation.

* * * * *
    (b) * * *
    (2) Claims for wages and salaries, including vacation, severance, 
and sick leave pay; provided, however, that, in accordance with Sec.  
750.7 of this chapter, no claim for vacation, severance, or sick leave 
pay is provable unless entitlement to the benefit is provided for in 
the credit union employee handbook or other written credit union 
record, is calculable in accordance with an objective formula, and is 
available to all employees who meet applicable eligibility 
requirements, such as minimum length of service, or if such payment is 
required by applicable state or local law;
* * * * *
[FR Doc. 2018-11588 Filed 5-29-18; 8:45 am]
 BILLING CODE 7535-01-P



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                                              Rules and Regulations                                                                                          Federal Register
                                                                                                                                                             Vol. 83, No. 104

                                                                                                                                                             Wednesday, May 30, 2018



                                              This section of the FEDERAL REGISTER                     accordance with this authority, the                   generally supported the proposed rule’s
                                              contains regulatory documents having general             Board adopted part 709 in 1991.4                      purpose of clarifying the relationship
                                              applicability and legal effect, most of which               Under a separate provision of the FCU              between the golden parachute
                                              are keyed to and codified in the Code of                 Act, the Board is authorized to prohibit              regulation and the involuntary
                                              Federal Regulations, which is published under            or limit ‘‘golden parachute payments,’’               liquidation claims procedures. One
                                              50 titles pursuant to 44 U.S.C. 1510.                    defined to include payments that are                  commenter suggested that the Board
                                              The Code of Federal Regulations is sold by               contingent on the termination of the                  permit separately-negotiated executive
                                              the Superintendent of Documents.                         party’s employment at the credit union                agreements to form the basis of
                                                                                                       and that are made when the credit                     allowable severance claims under part
                                                                                                       union is in troubled financial                        709. The commenter expressed concern
                                              NATIONAL CREDIT UNION                                    condition.5 Part 750 of the NCUA’s                    that excluding such agreements from the
                                              ADMINISTRATION                                           regulations contains explicit limitations             scope of allowable claims under part
                                                                                                       on the ability of an institution affiliated           709 could affect credit unions’ ability to
                                              12 CFR Part 709                                          party to pursue a severance claim with                retain executives.
                                                                                                       the liquidating agent after a credit union               As the proposed regulatory text
                                              RIN 3133–AE82
                                                                                                       has become insolvent and is placed in                 indicates, the Board proposed to update
                                              Involuntary Liquidation of Federal                       conservatorship or liquidation.6                      part 709 to recognize that severance
                                              Credit Unions and Claims Procedures                         In January 2018, the Board issued a                claims meeting specific criteria would
                                                                                                       proposed rule and request for public                  be allowable in involuntary liquidation
                                              AGENCY:  National Credit Union                           comment in which it proposed to clarify               despite the general bar on such
                                              Administration (NCUA).                                   how the agency will handle severance                  payments in part 750. Although the
                                              ACTION: Final rule.                                      claims in involuntary liquidations.7                  Board recognizes that the specific
                                                                                                       Specifically, the Board proposed to                   criteria set forth in the proposed
                                              SUMMARY:   The NCUA Board (Board) is                     create an exception to the generally                  regulatory text may be narrower than all
                                              amending part 709 of its rules to update                 applicable bar on severance claims in                 payments that may be permissible or
                                              and clarify the procedures that apply to                 liquidation that is codified in the                   subject to NCUA approval under part
                                              claims administration for federally                      NCUA’s regulation governing golden                    750, it is important to note that, prior to
                                              insured credit unions that enter                         parachute payments. As reflected in the               this rulemaking, the regulations
                                              involuntary liquidation. Specifically,                   proposed regulatory text, the Board                   provided that all claims for employee
                                              the final rule amends the payout                         proposed to elaborate on the definition               welfare benefits are not provable against
                                              priority provision by specifying the                     of permissible employment-related                     the liquidating agent.
                                              conditions that claims in the nature of                  claims in involuntary liquidations to                    The proposed rule was designed to
                                              severance must meet to be allowed as                     include vacation, sick, and severance                 allow an exception to the general rule in
                                              provable claims.                                         pay if the payment is supported by an                 part 750 but not repeal it. The Board is
                                              DATES: The rule is effective June 29,                    employee handbook or other credit                     not persuaded that it should seek to
                                              2018.                                                    union record and is calculable in                     expand the scope of that exception now.
                                                                                                       accordance with a formula or criteria                 Attracting and retaining effective
                                              FOR FURTHER INFORMATION CONTACT:    Ian                  available to all employees. This
                                              Marenna, Senior Trial Attorney, at 1775                                                                        management is an important
                                                                                                       proposed allowance for some severance                 consideration, but the rule change does
                                              Duke Street, Alexandria, Virginia 22314,                 claims, as explained in the proposed
                                              or telephone: (703) 518–6540.                                                                                  not negatively affect this interest.
                                                                                                       rule preamble, is an exception to the                 Indeed, it creates more certainty for
                                              SUPPLEMENTARY INFORMATION:                               general rule in part 750 providing that               severance claims in involuntary
                                              I. Background                                            all claims for employee welfare benefits              liquidations and affords the opportunity
                                                                                                       are not provable against the liquidating              to all employees to be eligible to claim
                                                 Section 1217 of the Financial                         agent for a failed insured credit union.
                                              Institutions Reform, Recovery and                                                                              these benefits when the claims are based
                                                                                                          As explained in the next section, after            on the fair, objective factors described in
                                              Enforcement Act of 1989 (FIRREA) 1                       reviewing the six public comment
                                              amended the Federal Credit Union Act                                                                           the proposed regulatory text. The Board
                                                                                                       letters on the proposed rule, the Board               notes that this rule only affects
                                              (FCU Act) by adding Section 207(b),                      adopts the proposal as a final rule
                                              thereby creating a comprehensive                                                                               involuntary liquidations, which are
                                                                                                       without change.                                       infrequent, with only five occurring in
                                              statutory framework for the liquidation
                                              of federally insured credit unions.2                     II. Summary of Comments                               2017, for example.8
                                              Section 207(b)(4) authorizes the Board                                                                            Accordingly, the Board adopts the
                                                                                                          The NCUA received six comment
                                              to ‘‘prescribe regulations regarding the                                                                       proposed rule without change.
                                                                                                       letters in response to the proposed
                                              allowance or disallowance of claims by                   rule—two from credit union trade                      III. Regulatory Procedures
                                              the liquidating agent and providing for                  organizations, three from credit union
sradovich on DSK3GMQ082PROD with RULES




                                              administrative determination of claims                                                                         Regulatory Flexibility Act
                                                                                                       leagues and associations, and one from
                                              and review of such determination.’’ 3 In                 a credit union. All commenters                          The Regulatory Flexibility Act
                                                                                                                                                             requires the NCUA to prepare an
                                                1 Sec. 1217(a)(3), (4), Public Law 101–73. Sec.         4 56 FR 56925 (Nov. 7, 1991).                        analysis to describe any significant
                                              1217(a)(3), (4).                                          5 12 U.S.C. 1786(t)(4); 12 CFR 750.1(d).
                                                2 12 U.S.C. 1787(b).                                    6 12 CFR 750.7.                                        8 See https://www.ncua.gov/services/Pages/
                                                3 12 U.S.C. 1787(b)(4).                                 7 83 FR 4450 (Jan. 31, 2018).                        closed-credit-unions/2017.aspx.



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                                              24652            Federal Register / Vol. 83, No. 104 / Wednesday, May 30, 2018 / Rules and Regulations

                                              economic impact a rule may have on a                    implications for purposes of the                      DEPARTMENT OF TRANSPORTATION
                                              substantial number of small entities                    executive order.
                                              (primarily those under $100 million in                                                                        Federal Aviation Administration
                                              assets). The severance provision                        The Treasury and General Government
                                              imposes no new requirements on credit                   Appropriations Act, 1999—Assessment                   14 CFR Part 25
                                              unions. Instead, it provides a limited                  of Federal Regulations and Policies on
                                                                                                      Families                                              [Docket No. FAA–2018–0469; Special
                                              exception to an existing regulation that                                                                      Conditions No. 25–727–SC]
                                              applies to liquidated credit unions.                       The NCUA has determined that the
                                              Accordingly, the final rule will not have               final rule will not affect family well-               Special Conditions: Bombardier Inc.
                                              a significant economic impact on a                      being within the meaning of section 654               Model BD–700–2A12 and Model BD–
                                              substantial number of small credit                                                                            700–2A13 Airplanes; Autobrake
                                                                                                      of the Treasury and General
                                              unions, and therefore, no regulatory                                                                          System Structural Loads
                                                                                                      Government Appropriations Act, 1999,
                                              flexibility analysis is required.
                                                                                                      Public Law 105–277, 112 Stat. 2681                    AGENCY:  Federal Aviation
                                              Paperwork Reduction Act                                 (1998).                                               Administration (FAA), DOT.
                                                The Paperwork Reduction Act of 1995                   List of Subjects in 12 CFR Part 709                   ACTION: Final special conditions; request
                                              (PRA) applies to rulemakings in which                                                                         for comments.
                                              an agency by rule creates a new                            Credit unions, Involuntary
                                              paperwork burden on regulated entities                  liquidation.                                          SUMMARY:   These special conditions are
                                              or modifies an existing burden. 44                                                                            issued for the Bombardier Inc. Model
                                                                                                        By the National Credit Union                        BD–700–2A12 and Model BD–700–
                                              U.S.C. 3507(d). For purposes of the                     Administration Board, on May 24, 2018.
                                              PRA, a paperwork burden may take the                                                                          2A13 airplanes. This airplane will have
                                              form of either a reporting or a                         Gerard Poliquin,                                      a novel or unusual design feature when
                                              recordkeeping requirement, both                         Secretary of the Board.                               compared to the state of technology
                                              referred to as information collections.                                                                       envisioned in the airworthiness
                                                                                                        For the reasons discussed above, the                standards for transport category
                                              Part 709 only concerns credit unions
                                                                                                      NCUA Board amends 12 CFR part 709                     airplanes. This design feature is an
                                              that have failed and imposes no
                                                                                                      as follows:                                           autobrake system that allows earlier
                                              information collection requirements on
                                              existing credit unions. Accordingly,                                                                          braking at landing without pedal input
                                                                                                      PART 709—INVOLUNTARY                                  from the pilot. The applicable
                                              there are no PRA implications.                          LIQUIDATION OF FEDERAL CREDIT                         airworthiness regulations do not contain
                                              Small Business Regulatory Enforcement                   UNIONS AND ADJUDICATION OF                            adequate or appropriate safety standards
                                              Fairness Act of 1996                                    CREDITOR CLAIMS INVOLVING                             for this design feature. These special
                                                 The Small Business Regulatory                        FEDERALLY INSURED CREDIT                              conditions contain the additional safety
                                              Enforcement Fairness Act of 1996                        UNIONS IN LIQUIDATION                                 standards that the Administrator
                                              (SBREFA) provides generally for                                                                               considers necessary to establish a level
                                              congressional review of agency rules. A                 ■  1. The authority citation for part 709             of safety equivalent to that established
                                              reporting requirement is triggered in                   is revised to read as follows:                        by the existing airworthiness standards.
                                              instances where the NCUA issues a final                   Authority: 12 U.S.C. 1757, 1766, 1767,              DATES: This action is effective on
                                              rule as defined by Section 551 of the                   1786(h), 1786(t), and 1787(b)(4), 1788, 1789,         Bombardier on May 30, 2018. Send
                                              Administrative Procedure Act. The                       1789a.                                                comments on or before July 16, 2018.
                                              NCUA does not believe this final rule is                                                                      ADDRESSES: Send comments identified
                                              a ‘‘major rule’’ within the meaning of                  ■ 2. Revise paragraph (b)(2) of § 709.5 to            by Docket No. FAA–2018–0469 using
                                              the relevant sections of SBREFA. The                    read as follows:                                      any of the following methods:
                                              NCUA has submitted the rule to the
                                                                                                      § 709.5 Payout priorities in involuntary                 • Federal eRegulations Portal: Go to
                                              Office of Management and Budget for its                 liquidation.                                          http://www.regulations.gov/ and follow
                                              determination in that regard.                                                                                 the online instructions for sending your
                                                                                                      *      *     *    *     *                             comments electronically.
                                              Executive Order 13132
                                                                                                         (b) * * *                                             • Mail: Send comments to Docket
                                                Executive Order 13132 encourages                                                                            Operations, M–30, U.S. Department of
                                                                                                         (2) Claims for wages and salaries,
                                              independent regulatory agencies to                                                                            Transportation (DOT), 1200 New Jersey
                                                                                                      including vacation, severance, and sick
                                              consider the impact of their actions on                                                                       Avenue SE, Room W12–140, West
                                                                                                      leave pay; provided, however, that, in
                                              state and local interests. In adherence to                                                                    Building Ground Floor, Washington, DC
                                                                                                      accordance with § 750.7 of this chapter,
                                              fundamental federalism principles, the                                                                        20590–0001.
                                                                                                      no claim for vacation, severance, or sick
                                              NCUA, an independent regulatory
                                                                                                      leave pay is provable unless entitlement                 • Hand Delivery or Courier: Take
                                              agency as defined in 44 U.S.C. 3502(5),                                                                       comments to Docket Operations in
                                              voluntarily complies with the executive                 to the benefit is provided for in the
                                                                                                      credit union employee handbook or                     Room W12–140 of the West Building
                                              order. This final rule will clarify certain                                                                   Ground Floor at 1200 New Jersey
                                              procedures for the NCUA’s                               other written credit union record, is
                                                                                                                                                            Avenue SE, Washington, DC, between 9
                                              administration of liquidated federally                  calculable in accordance with an
                                                                                                                                                            a.m. and 5 p.m., Monday through
                                              insured credit unions. This final rule                  objective formula, and is available to all
                                                                                                                                                            Friday, except Federal holidays.
                                              will not have a substantial direct effect               employees who meet applicable                            • Fax: Fax comments to Docket
sradovich on DSK3GMQ082PROD with RULES




                                              on the states, on the connection between                eligibility requirements, such as                     Operations at 202–493–2251.
                                              the national government and the states,                 minimum length of service, or if such                    Privacy: The FAA will post all
                                              or on the distribution of power and                     payment is required by applicable state               comments it receives, without change,
                                              responsibilities among the various                      or local law;                                         to http://www.regulations.gov/,
                                              levels of government. The Board has                     *      *     *    *     *                             including any personal information the
                                              determined that the final rule does not                 [FR Doc. 2018–11588 Filed 5–29–18; 8:45 am]           commenter provides. Using the search
                                              constitute a policy that has federalism                 BILLING CODE 7535–01–P                                function of the docket website, anyone


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Document Created: 2018-05-30 01:01:49
Document Modified: 2018-05-30 01:01:49
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionRules and Regulations
ActionFinal rule.
DatesThe rule is effective June 29, 2018.
ContactIan Marenna, Senior Trial Attorney, at 1775 Duke Street, Alexandria, Virginia 22314, or telephone: (703) 518- 6540.
FR Citation83 FR 24651 
RIN Number3133-AE82
CFR AssociatedCredit Unions and Involuntary Liquidation

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