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Regulatory Information
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2015-05-12
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Corporate Credit Unions
Proposed Rules
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United States
National Credit Union Administration
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United States Government Agency or Subagency
The NCUA Board (Board) proposes to exclude Central Liquidity Facility (CLF)-related bridge loans (CLF-related bridge loans) from the aggregate unsecured lending cap to one borrower applicable to a corporate credit union (Corporate). Specifically, a CLF-related bridge loan that is exempt from that cap is a bridge loan made by a Corporate to a natural person credit union when the natural person credit union has been approved for a loan by the CLF and is awaiting funding from the CLF. Additionally, the proposal excludes CLF-related bridge loans from the calculation of ``net assets'' and ``net risk weighted assets'' for determining minimum capital requirements. This proposal results largely from comments the Board received on the November 2014 proposed rule amending NCUA's Corporate regulations.
80 FR 27108
https://www.govinfo.gov/app/details/FR-2015-05-12/2015-10554
2015-10554
fr12my15-13
RIN 3133-AE52
7535-01-P
https://www.govinfo.gov/app/details/FR-2015-05-12/2015-10554
https://www.govinfo.gov/content/pkg/FR-2015-05-12/html/2015-10554.htm
https://www.govinfo.gov/content/pkg/FR-2015-05-12/pdf/2015-10554.pdf
Credit Unions
Corporate Credit Unions
Reporting and Recordkeeping Requirements
2 p.
27108
27109
80 FR 27108
Code of Federal Regulations
Title 12 Part 704
12 CFR Part 704
Regulation Identification Number 3133-AE52
RIN 3133-AE52
Corporate Credit Unions; Federal Register Vol. 80, Issue
PRORULE
2015-10554
NATIONAL CREDIT UNION ADMINISTRATION
2015-06-11
7535-01-P
2015-10554
Proposed rule.
The NCUA Board (Board) proposes to exclude Central Liquidity Facility (CLF)-related bridge loans (CLF-related bridge loans) from the aggregate unsecured lending cap to one borrower applicable to a corporate credit union (Corporate). Specifically, a CLF-related bridge loan that is exempt from that cap is a bridge loan made by a Corporate to a natural person credit union when the natural person credit union has been approved for a loan by the CLF and is awaiting funding from the CLF. Additionally, the proposal excludes CLF-related bridge loans from the calculation of ``net assets'' and ``net risk weighted assets'' for determining minimum capital requirements. This proposal results largely from comments the Board received on the November 2014 proposed rule amending NCUA's Corporate regulations.
Comments must be received on or before June 11, 2015.
J. Owen Cole, President, Central
Credit Unions
Corporate Credit Unions
Reporting and Recordkeeping Requirements
Corporate Credit Unions
,
regcomments@ncua.gov
http://www.ncua.gov/RegulationsOpinionsLaws/proposed_regs/proposed_regs.html
http://www.regulations.gov
Federal Register
Vol. 80, no. 91
Office of the Federal Register, National Archives and Records Administration
2015-05-12
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177 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2015-05-12
P0b002ee18c547d43
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:fr12my15
https://www.govinfo.gov/app/details/FR-2015-05-12
https://www.govinfo.gov/content/pkg/FR-2015-05-12/pdf/FR-2015-05-12.pdf
https://www.govinfo.gov/content/pkg/FR-2015-05-12/xml/FR-2015-05-12.xml
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DGPO
2015-05-12
2023-04-29
FR-2015-05-12
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FR-2015-05-12
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