The NCUA Board has withdrawn 18 Interpretive Rulings and Policy Statements (IRPS) that are either outdated, since they no longer provide relevant or useful guidance, or unnecessary, since the guidance provided has been incorporated into an NCUA regulation or manual. In addition, 10 IRPS were withdrawn because they have been superseded by other IRPS or NCUA regulations and the NCUA Board wants to further advise the public that these IRPS are no longer viable.
Attached is a copy of the withdrawal of outdated and unnecessary IRPS, published in the Federal Register on Thursday, September 25, 1997, 62 Fed.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 This withdrawal provides a brief subject matter summary of each IRPS that was withdrawn and a brief statement explaining why the IRPS was withdrawn. For a quick reference, a chart of the withdrawn IRPS is shown below.
| 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