Central Liquidity Facility

April 28, 2020 NCUA, Regulation lookup 0

Title:
Central Liquidity Facility
Subject: Central Liquidity Facility; coronavirus response
Agency: NCUA
Status: Interim final rule; request for comments
Summary:
In response to the COVID-19 pandemic, the NCUA Board (Board) is issuing this interim final rule to provide credit unions with greater access to liquidity to help ensure they remain operational throughout the crisis. This rule will make it easier and more attractive for credit unions to join the NCUA’s Central Liquidity Facility (Facility). In addition, this rule makes several amendments to conform to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
FR Doc: 2020-08101
Date proposed:
Comments due date: June 29, 2020
Effective date:

April 29, 2020, except for the amendment to § 725.6 in amendatory instruction 5, which is effective April 29, 2020, until January 1, 2022.
Rule compliance date:
Agency release:

Related Reg Report item(s): Enhancements approved for liquidity arm of credit union regulator in wake of CARES Act