|
Home Page > Executive Branch > Code of Federal Regulations > Electronic Code of Federal Regulations
e-CFR Data is current as of February 4, 2010
TITLE 12--Banks and Banking
CHAPTER VII--NATIONAL CREDIT UNION ADMINISTRATION
SUBCHAPTER A--REGULATIONS AFFECTING CREDIT UNIONS
PART 702--PROMPT CORRECTIVE ACTION
|
| Authority, purpose, scope and other supervisory authority. |
|
Subpart A--NET WORTH CLASSIFICATION
|
| Measures and effective date of net worth classification. |
|
|
| Statutory net worth categories. |
|
|
| Applicability of risk-based net worth requirement. |
|
|
| Weighted-average life of investments. |
|
|
| Standard calculation of risk-based net worth requirement. |
|
|
| Alternative components for standard calculation. |
|
Subpart B--MANDATORY AND DISCRETIONARY SUPERVISORY ACTIONS
|
| Prompt corrective action for ''adequately capitalized'' credit unions. |
|
|
| Prompt corrective action for ''undercapitalized'' credit unions. |
|
|
| Prompt corrective action for ''significantly undercapitalized'' credit unions. |
|
|
| Prompt corrective action for ''critically undercapitalized'' credit unions |
|
|
| Consultation with State officials on proposed prompt corrective action. |
|
|
| Net worth restoration plans. |
|
Subpart C--ALTERNATIVE PROMPT CORRECTIVE ACTION FOR NEW CREDIT UNIONS
|
| Net worth categories for new credit unions. |
|
|
| Prompt corrective action for ''adequately capitalized'' new credit unions. |
|
|
| Prompt corrective action for ''moderately capitalized,'' ''marginally capitalized'' or ''minimally capitalized'' new credit unions. |
|
|
| Prompt corrective action for ''uncapitalized'' new credit unions. |
|
|
| Revised business plans for new credit unions. |
|
|
| Incentives for new credit unions. |
|
Subpart D--RESERVES
|
| Full and fair disclosure of financial condition. |
|
|
