B-200951 O/M:
May 6, 1982
AFTER THAT DATE NCCB WILL NO LONGER BE A MIXED OWNERSHIP GOVERNMENT CORPORATION BUT RATHER A PRIVATE INSTITUTION. 2. WE CONCLUDE THAT IT IS ONLY FOR PURPOSES OF QUALIFYING THE LIMITATION ON NCCB'S BORROWING AUTHORITY CONTAINED IN 12 U.S.C. SEC. 3017(A) THAT THE NOTES ARE TO BE TREATED AS EQUITY. 3. NEITHER LANGUAGE NOR LEGISLATIVE HISTORY OF SECTION 391(B)(1) OF NATIONAL CONSUMER COOPERATIVE BANK...