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In response to the COVID-19 pandemic, the NCUA Board (Board) issued an interim final rule to increase flexibility for membership in the Central Liquidity Facility (Facility) and make membership more advantageous. Specifically, the interim final rule eliminates the six-month waiting period for Facility advances, relaxes membership termination requirements, and changes the collateral computation for Facility advances. The Board solicited public comment and is reviewing the comments received on the interim final rule.  In addition, the Board may issue a second rule to address extensions of certain provisions by the Consolidated Appropriations Act, 2021.