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NCUA | RIN: 3133-AF18 | Publication ID: Fall 2021 |
Title: Central Liquidity Facility | |
Abstract:
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. In addition, the Board issued a second interim final rule to address extensions of certain provisions by the Consolidated Appropriations Act, 2021. The Board solicited public comments on both interim final rules and is reviewing these comments. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 725 | |
Legal Authority: 12 U.S.C. 1795(f) |
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: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-recently-final-regulations | |
RIN Data Printed in the FR: No | |
Agency Contact: Justin Michael Anderson Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6556 Fax:703 518-6569 Email: janderson@ncua.gov |