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NCUA

RIN: 3133-AD96

Publication ID: 2012

Title: ●Maintaining Access to Emergency Liquidity
Abstract: The NCUA Board (Board) has requested public comment on a proposed regulation requiring federally insured credit unions (FICUs) with assets of $10 million or more to have a contingency funding plan that clearly sets out strategies for addressing liquidity shortfalls in emergency situations. The NPRM also requires FICUs with assets of $100 million or more to have access to a backup Federal liquidity source for emergency situations. Finally, the NPRM requires FICUs with less than $10 million in assets to maintain a basic written policy that provides a board-approved framework for managing liquidity and a list of contingent liquidity sources that can be employed under adverse circumstances. The proposal is moving toward the final rule stage.
Agency: National Credit Union Administration(NCUA)	Priority: Substantive, Nonsignificant
RIN Status: First time published in the Unified Agenda	Agenda Stage of Rulemaking: Final Rule Stage
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 741
Legal Authority: 12 USC 1757    12 USC 1766(a)    12 USC 1781 to 1790e    31 USC 3717

Legal Deadline:  None

Timetable: Action Date FR Cite ANPRM  12/22/2011  76 FR 79553    ANPRM Comment Period End  02/21/2012  NPRM  07/30/2012  77 FR 44503    NPRM Comment Period End  09/28/2012  Final Action  02/00/2013

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.reginfo.gov/public/do/eAgendaMain
RIN Data Printed in the FR: No
Agency Contact: Lisa Henderson Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314-3428 Phone:703 518-6553 Fax:703 837-2517 Email: lhenderson@ncua.gov