Withdrawal of IRPS

97-CU-09 / October 1997
Withdrawal of IRPS
To
All Credit Unions
Subject
Operations
Status
Active
To
All Credit Unions
Subj
Withdrawal of IRPS

The NCUA Board has withdrawn 18 Interpretive Rulings and Policy Statements (IRPS) that are either outdated, since they no longer provide relevant or useful guidance, or unnecessary, since the guidance provided has been incorporated into an NCUA regulation or manual. In addition, 10 IRPS were withdrawn because they have been superseded by other IRPS or NCUA regulations and the NCUA Board wants to further advise the public that these IRPS are no longer viable.

Attached is a copy of the withdrawal of outdated and unnecessary IRPS, published in the Federal Register on Thursday, September 25, 1997, 62 Fed. Reg. 50245. This withdrawal provides a brief subject matter summary of each IRPS that was withdrawn and a brief statement explaining why the IRPS was withdrawn. For a quick reference, a chart of the withdrawn IRPS is shown below.

Chart of the withdrawn IRPS
IRPS Number IRPS Subject Heading Federal Register Citation
IRPS No. 79-1 Statement of Policy Regarding Relationship of Credit Union Service Corporations and Existing Accounting Service Centers 44 FR 21762
pr. 12, 1979
IRPS No. 79-2 Share Accounts 44 FR 39382
July 6, 1979
IRPS No. 79-3 Amortization of Long Term Real Estate Loans 4 44 FR 39182
July 5, 1979
IRPS No. 79-4 Investment Activities 44 FR 51195
Aug. 31, 1979
IRPS No. 79-5 Insurance Activities 44 FR 43711
July 26, 1979
IRPS No. 79-7 Liquidity Reserve 44 FR 61172
Oct. 24, 1979
IRPS No. 79-8 Public Observance and Availability of Information Regarding Board Meetings; Interim Sunshine Act Policy Statement 44 FR 70709
Dec. 10, 1979
IRPS No. 79-9 Rate of Interest 44 FR 74799
Dec. 18, 1979
IRPS No. 79-10 Notice of Proposed Consumer Program 45 FR 7738
Feb. 4, 1980
IRPS No. 80-7 Final Notice of Consumer Program 45 FR 50260
July 28, 1980
IRPS No. 80-10 When Federal Credit Unions Can Charge More Than 15% Per Annum on Government Insured or Guaranteed Loans 45 FR 71353
Oct. 28, 1980
IRPS No. 80-11 State Chartered Federally Insured Credit Unions as Most Favored Lenders 45 FR 78625
Nov. 26, 1980
IRPS No. 80-12 Verification of Member Accounts 46 FR 9919
Jan. 30, 1981
IRPS No. 81-1 Definitions - Exclusions from Gross Income in Computing Reserve Requirements 46 FR 13204
Feb. 20, 1981
IRPS No. 81-2 Federal Funds 46 FR 14887
Mar. 3, 1981
IRPS No. 81-4 Developing Government Regulations 46 FR 29248
June 1, 1981
IRPS No. 81-5 Proposed Policy Statement Release of Consumer Examination Reports 46 FR 29575
June 2, 1981
IRPS No. 81-8 Full and Fair Disclosure Requirements 47 FR 23685
June 1, 1982
IRPS No. 81-9 Share, Share Draft and Share Certificate Accounts 46 FR 57668
Nov. 25, 1981
IRPS No. 82-1 Membership in Federal Credit Unions 47 FR 16775
Apr. 20, 1982
IRPS No. 82-3 Membership in Federal Credit Unions 47 FR 26808
June 22, 1982
IRPS No. 82-6 Corporate Federal Credit Union Chartering Guidelines 47 FR 43943
Oct. 5, 1982
IRPS No. 83-2 Membership in Federal Credit Unions 48 FR 22899
May 23, 1983
IRPS No. 84-1 Membership in Federal Credit Unions 49 FR 46536
Nov. 27, 1984
IRPS No. 85-1 Trustees and Custodians of Pension Plans 50 FR 48176
Nov. 22, 1985
IRPS No. 86-2 Joint Policy Statement on Basic Financial Services (FFIEC) 51 FR 42083
Nov. 21, 1986
IRPS No. 88-1 Policy on Selection of Securities Dealers and Unsuitable Investment Practices 53 FR 18268
May 23, 1988
IRPS No. 89-1 Chartering and Field of Membership Policy 54 FR 31165
July 27, 1989

/S/

Norman E. D’Amours

Chairman of the Board

Last modified on
03/12/20