federal_register: 00-3275
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| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 00-3275 | Prompt Corrective Action; Risk-Based Net Worth Requirement | Proposed Rule | NCUA proposes to supplement its system of prompt corrective action for federally-insured credit unions with a risk-based net worth requirement for credit unions defined as "complex." In 1998, the Federal Credit Union Act was amended to require NCUA to adopt a system of prompt corrective action to commence when a federally-insured credit union becomes undercapitalized. In a separate component of that system, NCUA is required to define credit unions which are "complex" by reason of their portfolio of assets and liabilities and to develop a risk-based net worth requirement to apply to complex credit unions in the "well capitalized" or "adequately capitalized" statutory net worth categories. The statute classifies complex credit unions in those categories to the "undercapitalized" category if their net worth ratios do not meet their risk-based net worth requirement. NCUA seeks public comment on its proposed criteria for defining a "complex" credit union and on its proposed Call Report data-based formula for determining a complex credit union's risk-based net worth requirement. | 2000-02-18 | 2000 | 2 | https://www.federalregister.gov/documents/2000/02/18/00-3275/prompt-corrective-action-risk-based-net-worth-requirement | https://www.govinfo.gov/content/pkg/FR-2000-02-18/pdf/00-3275.pdf | National Credit Union Administration | 335 | NCUA proposes to supplement its system of prompt corrective action for federally-insured credit unions with a risk-based net worth requirement for credit unions defined as "complex." In 1998, the Federal Credit Union Act was amended to require NCUA to... |