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Proposed Rule

Organization and Operations of Federal Credit Unions

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National Credit Union Administration (NCUA).


Reopening of comment period.


On September 25, 2002, NCUA published for public comment a proposed rule amending § 701.19. 67 FR 60184 (September 25, 2002). The revisions to §701.19 clarify the scope of the rule and the investments FCUs may use to fund employee benefits. The comment period for this proposed rule was due to have expired on November 25, 2002. Two interested parties have requested an extension of the comment period to respond. In view of this request and NCUA's desire to foster public participation in the rulemaking process, the NCUA Board is reopening the comment period to December 26, 2002.


Comments must be received on or before December 26, 2002.


Direct comments to Becky Baker, Secretary of the Board. Mail or hand-deliver comments to: National Credit Union Administration, 1775 Duke Street, Alexandria, Virginia 22314-3428. You are encouraged to fax comments to (703) 518-6319 or email comments to instead of mailing or hand-delivering them. Whatever method you choose, please send comments by one method only.

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Frank Kressman, Staff Attorney, Office of General Counsel, at the above address or telephone: (703) 518-6540.

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By the National Credit Union Administration Board on November 21, 2002.

Becky Baker,

Secretary of the Board.

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[FR Doc. 02-30162 Filed 11-27-02; 8:45 am]