Central Liquidity Facility
|Subject:||Central Liquidity Facility; coronavirus response|
|Status:||Interim final rule; request for comments|
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).
|Comments due date:||June 29, 2020|
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:|
|Related Reg Report item(s):||Enhancements approved for liquidity arm of credit union regulator in wake of CARES Act|