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NCUA | RIN: 3133-AD77 | Publication ID: Fall 2011 |
Title: Prompt Corrective Action; Risk-Based Net Worth Requirement | |
Abstract: NCUA plans to issue proposed amendments to modify calculations for the risk based net worth (RBNW) formula applicable to complex credit unions under part 702. Proposed changes may address calculations for the long-term real estate loan and member business loan components of the RBNW calculation as well as other aspects of prompt corrective action. The intent of any proposed changes is to create a more robust and meaningful RBNW requirement that will establish more appropriate net worth requirements for credit unions willing to engage in concentrations of riskier assets. | |
Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 702 | |
Legal Authority: 12 USC 1766(a) 12 USC 1790d |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: Businesses | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: www.reginfo.gov/public/do/eAgendaMain | |
RIN Data Printed in the FR: No | |
Agency Contact: Pamela Yu Special Counsel to the General Counsel National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6540 Fax:703 518-6569 Email: pyu@ncua.gov |