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Liquidity and Contingency Funding Plans

NCUA · final-rule · Published 2013-10-30 · Effective 2014-03-31 · 78 FR 64879

Document

Document number
2013-25714
Federal Register citation
78 FR 64879
CFR reference
12 CFR 741
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2013-10-30
Effective date
2014-03-31

Abstract

The NCUA Board (Board) is issuing a final rule to require federally insured credit unions (FICUs) with less than $50 million in assets to maintain a basic written policy that provides a credit union board-approved framework for managing liquidity and a list of contingent liquidity sources that can be employed under adverse circumstances. The rule requires FICUs with assets of $50 million or more to have a contingency funding plan that clearly sets out strategies for addressing liquidity shortfalls in emergency situations. Finally, the rule requires FICUs with assets of $250 million or more to have access to a backup federal liquidity source for emergency situations.

Source

Authoritative
Federal Register document
Machine
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