Board to consider final rules on CLF, asset thresholds
(March 12, 2021) Two interim final rules – one on the agency’s Central Liquidity Facility, the other on asset thresholds pertaining to large credit unions – are slated for action Thursday (March 18) by the NCUA Board.
The three-member board, meeting in a virtual setting with audio transmitted via the Internet, will also receive a briefing on the NCUA Guaranteed Note (NGN) and Asset Management Estates Programs.
The interim rule on the CLF is under part 725 of the agency’s rules and regulations (governing operations and membership in the facility). The asset thresholds interim rule pertains to parts 700 (definitions), 702 (capital adequacy), 708a (bank conversions and mergers), 708b (mergers among credit unions), and 790 (NCUA operations).