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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 |
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Timetable:
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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 |